Ever hear about pre settlement funding? Neither had I, but the simple fact is it’s an answer -albeit one you have to pay for- to the issues that arise immediately following an accident and waiting for the outcome of a lawsuit.
It’s a common scenario: You have been involved in an accident. You have had to take sick leave from work. You have insurance, but it barely covers loss in wages, let alone all the medical bills and extra utilities that are racking up while you convalesce.
The last thing you need when suffering an injury is monetary worries, and stress it proven to exacerbate such an issue. You need peace of mind in order to recover fully.
So what are the benefits of pre settlement funding? They are actually more straightforward than you may think. You might expect to have to wait for a certain period of time before you receive funding, yet this isn’t the case: your money is paid immediately after the agreement is made with a reputable pre settlement funding agency.
You can use this money to pay any bills outstanding, mortgage repayments, or to safeguard yourself should an emergency arise while you are in an injured state. It can pay your child’s college fees while you may otherwise not have been in a position to do so.
There will always be medical expenses where an injury is concerned, and we all are well aware that these can be astronomically expensive. A lump-sum payout will subsidize these costs or -as is often the case- pay them in full, leaving you to concentrate on recuperation.
The average US citizen is $8,000 in negative equity, not including mortgage repayments or home loans. How many of us ever consider what would happen if we weren’t able to meet these repayments? A debilitating accident could stop you in your tracks and leave the debt recovery agents knocking at your door. Settlement funding would prevent this from ever happening. Your credit cards would remain intact.
There are legal benefits to having a lump sum of money when fighting for a lawsuit. If you can afford to wait, you can push for full compensation whilst your attorney has the time to fight your corner.
There is always the possibility that you are financially stable, but simply want a little extra whilst a lawsuit is pending. pre settlement funding will allow you to indulge yourselves in whatever takes your fancy following the turmoil of an accident or injury.
When it comes down to the line, no-win, no-fee pre settlement funding has so many benefits and very little cash outlay.
It’s a good idea to research the facts. If you have suffered an injury or find yourself unable to support yourself while a lawsuit is pending, pick up the phone and consult a specialist. Settlement funding, pre settlement funding and lawsuit settlement funding have many benefits that often far outweigh the costs.