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Personal Injury Lawsuit Loans – A Financial Lifeline for plaintiffs

If you have been in an accident, then you may be entitled to damages as compensation.

However, if you have been injured because of someone else’s negligence; it can be really hard to pay off your medical bills and everyday expenses on time.

Personal injury lawsuit loans can come to your rescue and help you get the money you need to live your life normally again, without any hassles of delays or added stress.

Here’s what you need to know about these personal injury lawsuit loans and how they can help you.

What is a personal injury lawsuit?

You are entitled to compensation if you’ve been injured in an accident.

If another party was at fault, they may be liable to pay damages or reimburse you for your injury-related expenses.

To make things easier, if your injuries were minor, then your legal team can take care of filing a claim on your behalf.

But suppose you’ve suffered serious injuries and have incurred substantial costs as a result.

In that case, you might need to file a personal injury lawsuit in order to receive full restitution from whoever was responsible.

That being said, here’s what you should know about applying for personal injury lawsuit loans.

What is pre-settlement funding for personal injury claims?

Getting injured can be one of the most stressful experiences you will ever face, especially if you don’t have insurance to cover your medical bills.

If you have been hurt in an accident or injured on the job, don’t panic!

You may have the ability to pay your bills without taking out loans from friends and family or going into debt by opening new credit cards.

A lawsuit loan, also called lawsuit funding, is a type of legal financing that provides plaintiffs with the money they need to pay their immediate expenses while they wait to receive the compensation they are entitled to as the result of their personal injury case settlement or jury award in court.

With a lawsuit loan, plaintiffs can pay their medical bills, their mortgage and rent payments, buy food, and more while they wait out the lengthy legal process.

And because pre-settlement funding allows plaintiffs to keep fighting their case instead of feeling compelled to settle early just to pay bills, defendants are at an increased risk of losing if they choose to take their cases to trial.

Why does the plaintiff need to take personal injury loan?

Plaintiff who is injured in an accident should seek money to maintain their standard of living during their time off work.

If you are employed and have a normal salary, you may not need to take out a lawsuit loan if your company provides wage continuation insurance, but many people do not have wage continuation insurance.

If you are self-employed or unemployed, you will likely not be able to pay your bills while awaiting settlement money from a personal injury lawsuit.

In order to survive financially while waiting out a lawsuit settlement, some plaintiffs choose to take personal injury settlement funding.

Benefits of personal injury loans

Clients use personal injury lawsuit loans to help pay medical expenses and other financial costs after they suffer a personal injury.

These loans can help provide necessary funding while awaiting a settlement or court decision on a pending claim.

This gives individuals additional time to focus on healing while they still have some money coming in; which helps reduce stress and enables more time to recover.

Personal injury lawsuit loans make it possible for clients to focus on getting better rather than stressing about how they will pay their bills until a settlement is reached or a trial takes place.

Our personal injury lawsuit loans come with very low rates and flexible terms that suit most any budget.

Qualification criteria for personal injury pre-settlement funding

If you’ve sustained a personal injury or have lost a loved one in an accident, you may be entitled to compensation for your losses.

Unfortunately, lawsuits can often take years to resolve, and money can run out quickly.

Pre-settlement funding companies like ECO will help by providing quick cash loans of up to $250,000 so that you don’t have to worry about how you will pay your bills while waiting on your settlement funds.

The qualifying criteria at ECO are based on income and debt ratios:

Your monthly expenses must be below 40% of your gross monthly income (not including mortgage or rent payments), and all your debts should be less than 50% of what you earn per month.

How soon can I get approved for a lawsuit loan?

If you’re in a position where you can’t afford to wait to get your case settled; personal injury lawsuit loans could be your answer.

These short-term loans are specifically designed for personal injury victims who need money now but can pay it back later—say, 6 or 12 months after a settlement is reached or your case goes to trial.

As long as you’re not anticipating needing those funds during that time; lawsuit cash advances could solve a real problem by putting some money in your pocket when you need it most.

It’s still up to you whether pursuing a settlement/trial is your best option; but with litigation funding available, at least you have options if it isn’t.

Cases of personal injury, we fund

When you or someone you love has suffered a serious injury due to no fault of your own, filing a personal injury lawsuit is usually inevitable.

Unfortunately, there are many times when filing a lawsuit is not enough to cover all of your expenses and pay your bills.

 Some personal injury cases can drag on for years before going to trial. This often leaves clients struggling to make ends meet in between paying medical bills and living expenses.

Luckily, funding options provide injured parties with financial assistance while they wait out their legal process.

Personal injury lawsuit loans can help patients afford daily living expenses such as rent, mortgage payments and groceries while waiting for their court case.

There are dozens of personal injury cases on which we can provide quick cash advances.

How to apply for lawsuit funding for my personal injury claim?

Getting an injury is hard enough, but being unable to work during that time can strain you and your family.

If you were injured in an accident caused by someone else’s negligence; you could be eligible for a lawsuit settlement—but it might take months or even years before you see any compensation.

In addition to paying your living expenses, lawsuit loans can help ensure that you don’t accrue large medical bills or late payments.

Our process makes it quick and easy to apply and get approved so that you can get money in your bank account as soon as tomorrow!

To apply, you will need to submit a completed application.

If your personal injury lawsuit is of sufficient value and likely to succeed, we will move forward with your case immediately.

Once we accept your case, we’ll explain exactly how much money you can expect to receive.

This way, there are no surprises or delays in receiving funding when you win or settle your case.

What happens if my case gets dismissed or settled before trial?

Personal injury lawsuit loans typically require a plaintiff to retain their attorney, which can be both a good and bad thing.

The upside is that you have legal representation in your corner; it’s much harder to take a case to trial without an attorney.

The downside is that some plaintiffs feel like they’re just taking orders from their lawyer rather than driving the case toward an outcome.

By retaining an attorney, you surrender control of your future (and finances) to someone else; therefore, it’s important to know how your funds will be handled when it comes time for settlement or dismissal.

It is also important to have a contingency plan in place in case there are delays or hiccups during litigation and you run out of cash before reaching judgment day.

Apply with ECO for personal injury settlement loans

Whether you’re about to go through a medical procedure or facing lost wages and mounting medical bills; if you’ve suffered an injury due to someone else’s negligence and want financial assistance, it’s a good idea to talk with us today at 800-961-8924.

Unlike other lawsuit lending companies, which can take as long as two months to review your case; we provide funding within 24 hours in most cases.

The money you receive from us will be directly deposited into your checking account in as little as one business day after approving your application!

Please contact us today for more information on what our company offers and how we can help.

Get A Pre-settlement Funding Quote

If you are already in a lawsuit, then we can offer you lawsuit funding without any hassle.

CALL: 800-961-8924