If you have an ongoing lawsuit, you may wonder whether your specific case or situation qualifies for lawsuit funding. So, without ado, let’s explore the various types of cases that qualify you for accessing advanced cash in the form of lawsuit funding.
Read on to learn more.
What is Pre-Settlement Funding About – An Overview
Pre-settlement funding is also widely referred to as lawsuit funding, which is advance cash that you can access if you have a lawsuit. Since lawsuits can take weeks, months, or even years to settle or reach an outcome. Pre-settlement funding is exclusively designed to provide the plaintiff with mental peace in the form of advanced cash that they can leverage for their various expenses, such as their medical bills, groceries, etc.
Despite the fact that pre-settlement funding is also referred to as a lawsuit loan, you don’t necessarily have to pay it back. What this means is that you’re only paying this loan back when you reach a settlement.
Potential Cases That Qualify for Pre-Settlement Funding
Now that you have a general overview of what pre-settlement funding is about, let’s explore the potential cases that qualify for lawsuit funding.
Motorcycle Accident
You can access motorcycle accident lawsuit funding if you have a valid personal injury claim for that motorcycle accident. You must make sure that you have a personal injury attorney working on your case based on a contingency fee.
Also, the professional experts of the settlement funding company, such as the USClaims, will analyze your case and give you access to lawsuit funding if they see that your case has a solid chance of success.
Thus, if you have been injured in a motorcycle accident, you can leverage this funding to get the much-needed financial assistance while waiting for your legal process to complete and reach a settlement.
Neglect in Nursing Homes
If you have been injured due to neglect in a nursing home, you might be eligible for pre-settlement funding. However, the condition is that liability has been established, and you have a lawyer by your side, pursuing legal action against that nursing home.
In this case, the pre-settlement funding will help you cover hospital bills and other expenses while you, along with your lawyer, negotiate and wait for a judgment or case settlement.
You should know that nursing home neglect can include several situations, such as a failure to provide and assist with basic needs, resulting in injuries. Even if your loved one has been the victim of nursing home neglect, you are eligible for pre-settlement funding while you sue the facility and wait for judgment.
Car Accidents
Similar to motorcycle accidents, car accidents can make you eligible for pre-settlement funding, given the fact that you have sustained injuries and property damages from the accident. After you’ve been in an accident, get an attorney by your side so they can start working on your case. Also, in the case of a car accident, make sure you have strong witnesses to establish strong merits against the party that is at fault.
Rest assured, you can access pre-settlement funding for the injuries you suffered, emotional damages, and other damages that are compensable.
Nonetheless, other cases that may make you eligible for pre-settlement funding include pedestrian accidents, medical malpractice lawsuits, and workplace accidents.
