Can Pre-Settlement Funding Help You Get the Settlement You Deserve?
Finding the right attorney and filing a lawsuit can be a long, difficult process— particularly if you don’t have the financial resources to pay for your legal fees. Even when you do win a settlement, you could be waiting months or even years to receive the money that is rightfully yours. Pre-settlement funding can allow you to receive some money upfront so you can cover your expenses and not be left in a financial bind. In this article, we will discuss how pre-settlement funding can help you get the settlement you deserve.
What is Pre-Settlement Funding?
Pre-settlement funding is a type of loan that provides the money you need to pay for medical bills, living expenses, and other costs when you have suffered an injury and are awaiting your settlement. It is not a loan in the traditional sense, but rather a financial advance based on the value of your settlement. The amount of money you can receive depends on the strength of your case, the amount of your settlement, and the nature of your case.
How Pre-Settlement Funding Can Help You Get the Settlement You Deserve
1. It Can Help Reduce Financial Stress
The aftermath of an injury can be especially hard on those who don’t have the financial means to cover the cost of medical expenses and other related costs. Pre-settlement funding can provide a financial buffer to help ease the financial burden during this difficult time. This can help reduce stress and make it easier to focus on getting the settlement you deserve.
2. It Can Help Cover Your Everyday Expenses
When you’re waiting for your settlement, it can be difficult to cover your everyday living expenses. Pre-settlement funding can provide the money you need to pay for your rent, utilities, and other expenses until your case is settled. This can help you stay afloat financially until the settlement is finalized.
3. It Can Help Speed Up the Process
When you have the money upfront to cover your legal costs, you won’t have to rely on your attorney to cover their costs until the settlement has been reached. This can help the case move forward faster and get you the money you deserve in a timely manner.
4. It Can Help You Negotiate a Fair Settlement
Having the money upfront to cover your legal costs can give you more leverage during settlement negotiations. This can help you ensure that you get the settlement you deserve instead of taking whatever is offered.
There are several reasons why pre-settlement funding can help you get the settlement you deserve. It can provide the financial resources you need to cover your medical bills and other expenses, speed up the process, and help you negotiate a fair settlement. If you have been injured and are facing a lengthy court case, pre-settlement funding may be the solution you need.