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Pre Settlement Funding for Personal Injuries Information

By Edited Nov 13, 2013 0 0

If you've been hurt and are currently in a personal injury litigation law-suit, then you might have some options if you are running out of money and need to pay for litigation fees. There are companies that will pay for your lawyer fees, medical bills, and living expenses during a litigation hearing if you've been personally injured and are entitled to a settlement. However, if the company does not think that you will win the case, then you will not be able to obtain funding from this type of company. Lawsuit pre-settlement funds can be obtained when you have filed a lawsuit against someone that was negligent in their actions and injured you due to their negligence.

Many people do not realize that they can obtain this type of funding from a company and so they sometimes are skeptical to sue someone as they know they cannot afford the legal fees in order to pursue the case. If you are one of these people, go seek legal advice and ask your lawyer whether pre settlement funding is an option for you. You just might be lucky and will be eligible for this type of money. The great thing about pre settled funds are that you will have the comfort of knowing that you will be covered when you are unable to work due to injuries caused by a negligent person. Life does not wait for you to become better and your bills will continue to pile on as you wait for money to be received by the defendant in a personal injury lawsuit. Whatever the case is, you might be entitled to funding and should seek legal advice. Lawyers can direct you to a company but cannot offer you money from their law firm. Lawyers do not give pre settlement funding but can give you the advice you need in order to obtain money. There are many local pre settlement funding companies in your area and all you need to do is log onto the internet to realize that there are many options available.

If you are worried about not winning your litigation hearing and having to pay the funds back, don't worry about this because the funds received from pre settlement funding companies are non-recourse which means that they cannot try and collect the money that they lent to you in the case that you did not win your case. This is one of the reasons why the company will ask for more money from the plaintiff as they are taking a great risk in lending you funds.


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