If you have been injured in an accident or through negligence, you may be entitled to legal funding from your personal injury settlement or the defendant in your case. But how can you know if you qualify? What are personal injury cases eligible for? What types of injuries are covered by legal funding?
Here’s a quick guide to help you understand what personal injury cases can get legal funding as well as why it’s so important to seek out this type of financing if you’ve been hurt in an accident caused by another party’s negligence and are not protected by insurance.
What is Legal Funding?
Legal funding allows plaintiffs to get money to pay for their expenses while they wait for their cases to settle. It is not a loan, so there are no monthly payments or interest charges. Instead, the funding company pays you a lump sum of cash upfront that you can use however you need.
Once your case settles, you repay the funding company from your settlement proceeds. You are not responsible for refunding the funding if you do not win your case.
A pre-settlement loan, or personal injury cash advance, is a way for personal injury victims to access funds before their settlement. Personal injury funding companies use money from investors to fund accident settlements.
These cash advances can also be used to pay for medical bills and other costs after an accident. Accident funding firms charge interest rates as high as 25%, so they should only be considered in emergencies when facing hefty fees with no way of paying them yourself.
If you’ve been injured in an accident that wasn’t your fault, you may be able to get a personal injury settlement loan. This type of loan can help you pay for medical bills, lost wages, and other expenses while you wait for your case to settle.
Remember a few things if you’re considering a personal injury settlement loan.
- First, these loans typically have high-interest rates. That means you’ll need to consider whether the loan is worth the cost carefully.
- Second, you’ll likely need to purchase collateral, such as your home or car, to get the loan.
- Before taking out a personal injury settlement loan, talk to your attorney about the pros and cons. They can help you decide if this funding is suitable for your case.
What Personal Injury Cases Can I Get Legal Funding For?
If you’re considering legal funding for your personal injury case, you may wonder what types of cases are eligible. The good news is that many different types of personal injury cases can qualify for funding.
Some of the most common types of personal injury cases that people seek funding for include:
- Car Accident
Car accidents are one of the most common types of personal injury cases. If you’ve been in a car accident, you may be able to get legal funding to help with your medical expenses, lost wages, and other damages.
There are many different types of car accidents, but some of the most common include the following:
• Rear-end collisions
• Side-impact collisions
• Head-on collisions
• Single-car accidents
No matter how your car accident occurred, if you were injured due to someone else’s negligence, you may be able to get legal funding to help with your expenses.
- Bicycle Accident
If you have been injured in a bicycle accident, you may be able to get legal funding for your injury case. This funding can help you pay for medical bills, lost wages, and other expenses related to your accident.
There are many types of bicycle accidents, and each can lead to different kinds of injuries. Some common injuries from bicycle accidents include broken bones, head injuries, and spinal cord injuries.
If you have been injured in a bicycle accident, it is essential to seek medical attention immediately. After you’ve been treated for your injuries, you can start to think about filing a claim for personal injury.
- Medical Malpractice
If you’ve been the victim of medical malpractice, you may wonder if you can get legal funding for your case. The answer is yes!
There are many different types of medical malpractice cases, but some of the most common include the following:
- Birth Injuries:
These can occur when doctors or other medical professionals fail to provide proper care during pregnancy, labor, and delivery. Birth injuries can range from mild to severe and can even be fatal.
- Surgical Errors:
Surgeons can make mistakes during surgery, leading to severe complications or even death.
- Anesthesia Errors:
If anesthesiologists do not administer anesthesia properly, patients can suffer serious injuries or even die.
- Misdiagnosis or Delayed Diagnosis:
Patients face dire consequences when doctors fail to diagnose a severe condition promptly.
An experienced personal injury attorney can help you understand your rights and options under the law.
How Do Personal Injury Settlements Work
Most personal injury settlements result from negotiations between the injured party and the at-fault party’s insurance company. An experienced personal injury lawyer will be able to help you get a fair settlement and guide you through the negotiations.
In some cases, however, it may be necessary to file a lawsuit to get a settlement. If your case goes to trial, a judge or jury will determine how much money you should receive.
Once a settlement is reached, it is typically paid out in one lump sum. Suppose you have been injured and are seeking compensation. In that case, you must contact an experienced personal injury attorney who can help you through the process and ensure you get the settlement you deserve.
You may wonder how personal injury settlements work if you’ve been injured in an accident. A settlement is an agreement between you and the person or company who caused your injuries, and it is typically paid out in a lump sum.
The amount of your settlement will depend on many factors, including the severity of your injuries, the extent of your damages, and whether you were partially at fault for the accident. An experienced personal injury attorney can help you negotiate a fair settlement covering all your damages.
If you’re considering legal funding for your personal injury case, you may wonder what types of cases are eligible. You can get a personal injury settlement loan in various types of personal injury cases. Such cases include car accidents, slip and fall accidents, medical malpractice, etc.