Why Litigation Funding After a Car Accident Can Help

Litigation funding is one of the best chances people have at winning lawsuits. An unfortunate truth in the United States is that wealthy individuals or corporations often stand a better chance of winning at trial because they can afford better attorneys. They can also afford to be in court much longer than the average person—court costs and attorney’s fees add up quickly.

Read on to learn why litigation funding after a car accident can help.

How To Get Litigation Funding

The process you need to go through to get litigation funding is quite simple. All you need to do is visit the website of your legal funding firm of choice and fill out their application form. In order to be approved, you’ll need to check a few boxes. First, they’ll make sure you have an active lawsuit and lawyer—they can’t help until you’ve already begun the legal process.

Next, they’ll look over your case and analyze your chances of winning. If they think it’s likely that you’ll win the settlement, they’ll send you your cash, and you’re on your way! That’s all there is to it—they often get back to you in as little as 24 hours.

Non-Recourse Funding

The last thing you need after a car accident is another thing to worry about. Many people are nervous that litigation funding is like taking out a personal loan—that they’ll have to repay the cash even if they lose. Thankfully, that’s not how litigation funding works. It’s non-recourse funding, which means you pay back the firm only if you win your case.

Cash Advance

There are many advantages of litigation funding for a personal injury claim, but one of the best is that it comes as a cash advance. Even if it looks like you’ll win your settlement, the settlement award may be months or even years in the future. Many people can’t afford to go that long without cash in their pocket to pay for medical bills, attorney’s fees, and day-to-day expenses.

Now that you understand why litigation funding after a car accident can help, contact a legal funding firm today to start the application process.

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Written by Logan Voss

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