Hurt in a Car Accident?

Info About Car Accidents & Non-Recourse Funding

If you have been injured in an auto accident, car accident pre-settlement funding can help you get back on your feet financially without waiting for a monetary award from the responsible party's insurance company. Waiting to receive the proceeds from a car accident settlement is usually a long, complex, and drawn-out process, and insurance companies are never eager to hand over a substantial insurance payout without a fight. For this reason, pre-settlement funding can be a lifeline for the injured party, since it allows access to money that's needed to get your life back on track without the traditional wait time. If you are among the 2.35 million people injured in road crashes in the U.S. each year, pre-settlement funding may be for you.

Pre-Settlement Funding and Your Recuperation

Car accidents are often quite serious. More than 37,000 people die on U.S. streets, highways, and interstates each year. Those who survive are often left with serious, sometimes debilitating conditions that can last for months, years, or even for life. To add insult to injury, if you're involved in a car accident, you may be at a point in life when you're unable to hold down a job, but this doesn't stop your mortgage payment, credit card bills, and utility payments from rolling in. With pre-settlement funding, you can receive money now against your case to help you handle the financial storm resulting from a car accident.

Pre-Settlement Funding and Your Case

While the exact award received by way of car accident settlements/litigation varies widely, several factors determine your specific payout. Liability for the accident, the injuries sustained and evidence of those injuries, and any claimed damages, such as wage loss and pain and suffering, are taken into account. If the case goes to arbitration or to a jury trial, then your award may be based on similar accidents and injury claims within the jurisdiction in which you live. Pre-settlement funding provides a percentage of the money that you'll likely collect for your injuries as an advance, not a loan. You can use the money to pay bills while recuperating or for any purpose you see fit, and you pay nothing back until you win your case and receive payment from the at-fault party.

The Power of Pre-Settlement Funding

Insurance companies have one goal in mind: close claims while paying the least amount possible to the claimant. Insurance adjusters are infamous for rushing injured persons to go ahead and take the least payout, since it's advantageous for them to do so. However, when pushed by the litigant's attorney and given a bit of time, lowball offers often disappear and more reasonable figures are put on the table. Having pre-settlement funding available makes it easier for injured parties to hold out and refuse significantly undermined offers. Having the power to hold off on settlement also ensures that you are able to receive 100 percent of the care you need for your injury, maximizing the total dollar value of your claim. Settling prior to being returned to a whole, healthy state can be foolhardy, since some injuries may return or you may require further treatment after signing a release in your case. Pre-settlement funding makes the wait time less of a financial burden for you in your injured state.

Applying for Car Accident Pre-Settlement Funding

Litigation funding/Pre-settlement funding, also known as non-recourse cash advance funding, can be a true godsend for people injured in auto accidents. The application process is simple and convenient. You fill out an application for pre-settlement funding, including info regarding your accident and the attorney representing you. The underwriting department reviews your claim for funding suitability, and you receive the funding you need within a short time following approval. Car accident pre-settlement funding is contingent on your successful case, you pay nothing until your case is settled/won at court; if you do not win your case, then you owe nothing.

Explore options for car accident pre-settlement funding with Buckeye Legal Funding now.