Have you ever heard of pre-settlement funding? I haven't either, but the simple fact is that it's an answer—though you'll have to pay for issues that arise soon after an accident and await the outcome of the lawsuit.
This is 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 those medical bills and extra utilities that are piling up while you recover.
The last thing you need to do when you're hurt is monetary worries, and stress makes this kind of problem worse. You need peace of mind to fully recover.
So what are the benefits of pre-settlement funding? They are a lot more straightforward than you might think. You can expect to wait for a certain period before receiving the funds, yet this is not the case: your money is paid out immediately after a settlement is reached with a reputable pre-settlement funding agency.
You can use this money to pay off any outstanding bills, make mortgage repayments, or protect yourself while you are in an injured state. It can pay for your child's college fees when you would not have been in a position to do so otherwise.
There will always be medical costs where the injury is concerned, and we are all aware that these can be astronomically expensive. The lump-sum payment will subsidize these costs or - as is often the case - pay them in full, allowing you to focus on health benefits.
There are legal benefits to having lump sum money when fighting for a lawsuit. If you can wait, you can push for full compensation while your attorney has time to fight your corner.
There is always the possibility that you are financially stable but just want a little extra while the lawsuit is pending. Pre-settlement funding will allow you to indulge yourself in whatever feels good to you after the turmoil of an accident or injury. When it comes to the line, no-win, no-fee pre-settlement funding has so many benefits and so 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 your case is pending, pick up the phone and consult an expert. Settlement funding, pre-settlement funding, and lawsuit settlement funding have many benefits that often outweigh the cost.