Tag Archives: accident compensation claim

When Accidents Happen, Look to Legal Funding

Unfortunately, accidents do happen, and they’re part of life.  Even the most careful and cautious individuals have accidents.  Making it all worse, injuries from accidents may not be our fault. We have just as much chance of being injured due to another’s negligence, as our own.  It’s important to be prepared for such an event.  If the personal injury is due to the negligence of someone else you might consider filing a legal claim for damages.

Personal injuries due to accidents can affect your life in a wide variety of ways.  Simple injuries may just be an annoyance with minimal effect.  However, when injuries are more severe, the personal, financial and medical toll can be huge.  Many see their lives change for the worse due to physical injuries, lost work, financial distress, missed opportunities, and much more.  Because an injured person’s life can be hurt in so many ways it’s sometimes difficult to put a price tag on the losses and damage.

To make sure you get the compensation you deserve for the personal injury, it’s important to hire the best attorney.  In addition, legal funding can help you pay bills and not feel financial stress while waiting for a settlement in your case.  When hiring a personal injury attorney they will evaluate your case and determine if it is worth pursuing. Legal claims exist to establish the rights of the claimant and the obligations of the party responsible for the accident.

Making a personal injury claim can be a long process and it’s important to consider legal funding as a means of helpin with your financial obligations during this sometimes long wait for a settlement.  Legal funding is not like a typical bank loan, it does not have to be paid back unless your case wins in court.

Alliance Claim Funding is a respectable and longtime legal funding company with a wealth of experience.  They understand the plight of plaintiffs who have endured a personal injury. They understand how a lack of funding can hurt individuals and their families.  The Alliance Claim Funding application is quick and easy.  If approved, money is transferred quickly and easily.  If your case loses in court, you never have to repay the funds to the company.

Legal Finance for Automobile Accidents

Legal financing is known by several names, but they all involve funding provided in the form of a law cash advance against the future proceeds of the case. This type of funding offers cash now in return for money in return, only when and IF the case is successful. Auto accidents are one of the most common types of lawsuits funded by legal finance companies.

The majority of the cases funded and considered by legal finance companies are personal injury cases. A few examples of personal injury cases are medical malpractice, slip and fall accidents, product liability, workers compensation, and auto accidents. Funding is common with auto accidents for many reasons.

One of the reasons auto accident cases are often approved and funded by legal finance companies is because the standards for liability are clear. This is because drivers are required to have a duty of care when driving and operating their cars, any violation or breach of this responsibility (duty) can result in a claim for negligence. Legal finance companies feel comfortable funding such cases due to the ease in proving this breach.

Liability is typically easy to determine by underwriters regarding automobile accidents. In most cases, the liable party is determined early on by police reports, photos taken of the accident scene and damaged vehicles. Legal finance funders also take into consideration other types of evidence including witness statements, depositions, etc.

In most areas of the country, there are established traffic and road laws so it’s easier to find proof of negligence. In fact, in most states there is a law that places the burden on drivers to maintain a safe distance from the vehicle in front of them. If there is a collision of the two vehicles and there was not a safe and legal distance maintained between the two cars, the liability is easily determined.

The same ease in determining liability is true of many other auto collisions.

Generally, damages and physical injuries in routine car accidents are far less complicated than many other kinds of lawsuits, which is why legal finance companies are willing to fund so many of these cases.

This is great news for plaintiffs involved in a personal injury lawsuit. For many plaintiffs funding is necessary as a law cash advance to help them keep pace with financial burdens.  In addition, many plaintiffs involved in auto accidents have also sustained a physical injury which can require medical care over a period of time.  Job loss or inability to work is also common, each can add to financial pressures.  Legal finance companies provide funding designed to help plaintiffs when they need it most, and prevent them from settling a case too early, for a much lower amount.

Lawsuit Loan Tips: After a Car Accident

Photo courtesy of smlp.co.uk

If you’ve been in a car accident and have filed, or are considering a lawsuit, you should consider how a lawsuit loan can help you through the legal process.  Taking out a lawsuit loan can mean the difference between success and failure.

Here are some great tips to help you succeed with a lawsuit loan:

1.    Don’t sign anything before consulting with a personal injury attorney!  Once you consult an attorney to determine if you have a case, you can file a lawsuit.  Once you do that, you should contact a reputable lawsuit loan company to obtain funding to help you pay bills, medical expenses, and housing costs while waiting for the long legal process to come to a conclusion.

Many times the insurance company will try to contact an injured party directly and ask them to sign documents.  Instead contact a reputable attorney for advice so that your rights are protected.  Those injured in a car accident need to understand they may be contacted very quickly after the accident by an insurance company.  These calls typically ask the injured party to sign away their rights.  Don’t do it!

Their only goal is to make you think your claim is not worth pursuing.

2.    Knowing your rights and a bit about insurance coverage is important to your possible lawsuit and also of great importance to obtaining a lawsuit loan.

You should also be certain you know the difference between insurance and major medical insurance coverage that might apply once you’ve been in a car accident.  You need to understand that most major medical insurance policies exclude treatment and care of those injured in auto accidents!  Many people find that even after a doctor visit where you inform them of your accident, this does not show up in the record.  Many times physicians do this as they know they won’t be paid for their services if they report your injuries were due to a car accident.  This one even can cause your case to fail.

3.    Be reasonable with your expectations.  Unfortunately, some injured parties are looking for a reason not to return to work, even following a minor car accident.  This will not help your case or help obtain a settlement or a lawsuit loan. You will only be disappointed in the case outcome and more than likely be denied when you apply for a lawsuit loan.

Are Lawsuit Loans Available for Car Accidents?


Which Lawsuits Qualify?

Lawsuit loans are available as a cash advance to plaintiffs with many types of lawsuits. The most common lawsuits funded by a lawsuit loan are personal injury, wrongful death, medical malpractice, product liability, slip and fall cases, and many more.  Car accidents with personal injury or wrongful death are one of the most common types of lawsuit that will qualify for lawsuit loan funding by a litigation finance company.

In fact, car accidents tend to offer some of the best and most competitive rates within the lawsuit loan funding industry.  If a plaintiff has filed a lawsuit and entered into the litigation process a lawsuit loan may be an excellent choice.  Most lawsuit loan companies provide pre and post settlement funding to plaintiffs.

Is it Really a Loan?

No. The funds available to a plaintiff are sometimes called a lawsuit loan but it is really not a loan at all.  The funding is merely an agreement between funder and plaintiff with a contract for repayment at the time a settlement or verdict is reached.  Unlike a typical bank loan, there is no credit check as the funding is based purely on the merits of the case and the likelihood the plaintiff will win.  In addition, there are no monthly or regular payments required with lawsuit loans as the repayment is required at the time of settlement or verdict.

Pre-settlement lawsuit loans

A pre-settlement lawsuit loan is made prior to the verdict or settlement in the case.  Car accidents with a lawsuit filed typically qualify for a pre-settlement lawsuit loan. If a plaintiff is going through the litigation process and finding it difficult to stay afloat financially, a lawsuit loan is a good option.  The funding works to keep the case alive is pending the outcome of the case.

Post–settlement lawsuit loans.

Plaintiffs with car accident lawsuits recently settled can also obtain a lawsuit loan which is made pending the payment of the claim by the defendant. Since there can be a waiting period between the settlement and when the payment arrives a post-settlement lawsuit loan can help ease the financial burden and stress felt by a plaintiff.

Alliance Claim Funding is a respected litigation funding company, and well versed in the issues facing plaintiffs who have experienced a car accident.  These litigation finance companies are sensitive to plaintiffs and work to swiftly review, evaluate and approve cases in need of lawsuit funding.