If you have been in a car accident, you can understand how it can turn your life upside down. One second you are driving normally on the road. The next second, some other driver hits you and wrecks your car. After any minor or major accident, people get hurt, and if you have been hurt because of the negligence of other drivers, it must have frustrated you. Further, you have doctor and hospital bills pilling. Plus, you can’t work because of your injuries. Trying to get the insurance companies to pay up is making it all worse. They don’t want to give you money, even when the accident wasn’t your fault.
Proving that the other driver caused the wreck is very important. But that takes time and costs money for lawyers and investigators. How do you pay for all that to win your car accident lawsuit? A car accident lawsuit loan is a solution for a plaintiff with a pending lawsuit. You can now take a cash advance against your pending court case and use the money to cover the medical bills and litigation costs.
Not only does a car accident loan help you with cash, but it also assists you in making your case strong. Without funds, you may forfeit the case in between because of the expensive litigations; now, you don’t have to bow down in such a situation. Having money in the bank gives you the confidence to fight the legal battle until you get a fair compensation and settlement.
Car Accident Lawsuit Loan Overview
As the term suggests, a car accident lawsuit loan is a loan against your pending car accident lawsuit. Here, you must not take a loan as in the literal meaning of a traditional loan; it is a different form of cash advance. Only a plaintiff can get a lawsuit loan, making it easier to find and get one. A car accident loan gives money to people who were hurt in crashes and are suing for damages. With this type of loan, you get money soon after your accident instead of waiting months or years like with a regular lawsuit.
Car accident pre-settlement funding works in a way that the plaintiff gets the cash upfront. Here, they only need an active lawsuit, which is strong and has a higher chance of winning a settlement. Later, when you get your settlement or award from the lawsuit, you can use that money to repay the loan. You can use the cash on medical bills, rent, or lawyers. Further, you only have to repay the loan if you win the case; if you lose, you don’t have to pay for anything.
How Car Accident Loans Help You Build a Stronger Lawsuit
Now that you have learned about car accident loans, let’s understand how getting one can be a big help. If you need to sue after a bad wreck that wasn’t your fault, money is the first requirement because you need to hire an attorney and pay court fees. Further, the money you get via an accident loan or grant for a car accident victim can be used on anything related to lawsuits and physical recovery. You can use the money for reasons like:
- Pays for living costs if you can’t work
- Covers medical treatments while you recover
- You can hire a really good lawyer
- You can easily cover the litigation cost
- Enables you to reject lowball offers
- Take expert help and make your case more strong
Cover Your Living Expenses While You Recover
After you survive a car accident that is not your fault and you suffer severe injuries that force you to take days off your work. You will be left with no job or income, worsening your situation. Everyone needs cash to survive and continue with their life. One way the cash advance against your pending car accident case helps you is to cover regular living costs while you recover from the accident.
If you cannot work because you got injuries from an accident, then through auto accident loans, you can use the cash advance to pay the rent, groceries, utility bills, car EMIs, and other personal expenses. This helps you pay bills on time and avoid financial hardship. Further, you can focus on recovery rather than thinking about the money you need.
Pay All Your Medical and Hospital Bills With Ease
Being in a car accident, which is not your fault, can be traumatizing if you don’t have money to pay for the medical bills. With a car accident lawsuit loan, you can easily get enough cash to cover your medical bills. We understand that after an accident, medical requirements increase, and you may have to frequently visit the hospital for checkups, even if surgeries are required. All these can be costly, and covering them becomes more of a headache if you have no income.
A car accident loan lets you afford all the medical treatments, physical therapy, counseling, and rehab you need while your car accident case is on trial. We all know that litigation can continue dragging, and it can even take years to resolve. If you are waiting for the compensation so that you can cover your hospital bills, think again. You need medical care now, and your settlement will take years to come. With a cash advance in car accidents, you can take money to get proper medical care and help required to recover better.
You Can Hire a Good Lawyer For Your Case
Hiring a good lawyer who has working experience in dealing with car accident claims can be very expensive. However, attorneys do work on cases based on contingency fees. But still, you will need cash to cover the litigation expenses such as court fees, expert opinions, and more. If you are working with a lawyer who is not good enough, and now you have decided to change the lawyer, you will need a lot of money.
Our car accident loan provides you with enough cash so that you can hire a good attorney to represent you in court. The plaintiff and even the attorney need money to make a case strong. If they work on contingency fees, they have to wait for years to get their fees. So, we also have an option of attorney funding, via which a lawyer and law firm can raise money against the pending cases. The loan provides money so you can hire the best legal help possible. An experienced accident attorney who believes in your case can build strong legal arguments, properly value your claim, handle the insurance negotiations, and take your lawsuit to trial if needed.
Conduct a Thorough Investigation from the Start
Many investigation costs are involved when you sue someone for an accident that was their fault. Car accident loan enables your lawyer to hire accident reconstruction experts, private investigators to locate witnesses, and expert witnesses to analyze technical evidence like car data. Gathering all this proof early helps show exactly how the accident happened and that the other driver was at fault for your injuries. It makes your case much more convincing.
Pre-settlement funding can help you cover all the litigation costs, as you will get between $1000 to $100,000 depending on your lawsuit strength and settlement value. Getting money before a settlement not only helps you cover the expenses but can also help you make your case stronger so that you can win more settlement amount. This will be a win-win solution as you use your pre-settlement money to increase the chances of getting more settlement money by creating a solid case.
Continue With Case Without Worrying About Finance
Whenever you file a court case against the offender, the other party will definitely use tricks like delaying court proceedings and keeping the case in the trial phase. They hope that the plaintiff runs out of money and is left with no option but to forfeit the case or settle for less. Insurance companies will often try to get accident victims to accept a quick, cheap settlement before their case goes to court. This saves the insurer money.
But if you take a car accident settlement loan, you will have enough funds in your hands so that you can keep on with the court proceedings. You can cover the litigation cost with ease. Having cash advance protects you from settling too early for an unfairly low amount. You can wait until the insurance company offers adequate compensation or choose to go to trial if needed to get a court-ordered amount. The cash advance puts you in a better negotiating position.
The bottom line is a car accident loan can empower you to build a solid case. With the funds to cover litigation costs, gather evidence, hire experts, and power to reject lowball offers. It puts you in the best position to recover all the damages you deserve. Our settlement loan provides the resources so you can pursue justice.