If a person suffers from a severe injury because of the reckless or negligent conduct of another party, a reputable loan insurance company can offer a pre-settlement funding loan to help them pay for your medical care and cover the living expenses while the legal case is still pending. A reputed insurance company provides pre-settlement funding for the whole range of personal injury lawsuits. Among other cases, a person may be able to obtain a personal injury lawsuit loan for:
- Commercial truck accidents
- Bike accidents
- Car accidents
- Pedestrian collisions
- Bus accidents
- Motorcycle wrecks
- Medical malpractice lawsuits
- Work injury lawsuits
- Nursing home abuse or neglect
- Workers’ compensation claims
- Premises liability claims
- Dog bite injury lawsuits
- Slip and fall accidents
- Defective medical device claims
- Dangerous drug lawsuits
- Dangerous or defective product claims
- Wrongful death claims
If your particular type of personal injury case is not noted above, you may still be eligible to receive pre-settlement funding.
Steps To Take Before Applying For Personal Injury Loans
If you are interested in personal injury loans, there are some steps one should take before applying.
Discuss The Options With The Lawyer
When you apply for a loan for personal injury cases, you must employ an attorney working on your case. An attorney will always notify you of your best choices during a case. In addition, being honest about your monetary needs lets a lawyer know that you trust them, and they will discover whatever solution is adequate for you.
Specify The Funding Needs
Once you and your lawyer determine that personal injury loans are adequate for you, figure out how much funding you will require. It is always reasonable to be economical when applying for a loan for personal injury cases. While you might be entitled for a large advance, you should only accept as much as you require. This enables you to avoid paying excessive interest and ensures that you maintain a majority of the settlement.
Provides Financial Protection
You don’t want to hurry through the personal injury claims procedure. However, it is always best to give your attorney the time they require to build a winning case to recover the full settlement offer you rightfully deserve.
Moreover, the time it takes to settle a personal injury claim can be frustrating. In some cases, it may even take years for a complicated personal injury case to finally reach a settlement. But, the bill collectors can not wait. So, while the personal injury procedure is pending, your medical expenses or general living payments may pile up. But lawsuit funding can help as a reputable company offer loans for personal injury cases to fill the gap.
Qualifying For Personal Injury Loan
Personal injury case loan eligibility is primarily based on the strength of your case. The stronger the personal injury lawsuit, the more likely it is that you will be authorized to receive a pre-settlement loan. If you sustained a severe injury because of another party’s failure and are filing a legal claim, you will likely qualify for pre-settlement funding. A reputable insurance company does not care about your financial history. There are no upfront payments, there are no credit checks, and it does not require confirmation of your employment.