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What is Pre-Settlement Funding, And How Does It Help

  • Published in FAQs

We are going to give you a breakdown of what Pre-settlement funding is. Pre-settlement funding a phrase that many people don't understand. Many people believe that this is a loan, although it is not. These Funding firms provide you with an advance to lawsuit plaintiffs who wouldn't normally get money before they settle. It buys you time in order to go through your lawsuit without settling pre-maturely.

This is also often times referred to as lawsuit funding, but they aren't a "loan". The benefits are that there isn't credit check, neither will there be any collateral. You get your cash advance against the lawsuit settlement amount you expect to receive for your claim. When you win your lawsuit, you pay the settlement funding company back an amount that is predetermined. Often times you aren't involved and they take care of that for you. In the event that you lose, there is no recourse involved. There is no repayment.

Pre-settlement funding is an option that plaintiffs in personal injury lawsuits use to help them avoid financial stress while waiting for their case to settle. Often, victims end up settling with their insurance companies, which usually ends up leaving the plaintiff with a lesser amount than they filed suit for. By obtaining a lawsuit loan, you can pay household bills, medical fees and other costs and avoid getting further in debt.

So, how do you get started? Discuss the benefits of contacting a litigation funding company with your lawyer. He can then contact the company, and send them the documents and other information about your claim. Once this information is in the hands of the funding company, they will review it and make a decision the same day. If you qualify, you will receive your lawsuit loan the next day.

Most cases involving pre-settlement funding are personal injury cases. When you have been injured because of someone else's carelessness, you may not be able to work. This means you have lost wages and medical costs that were caused by the accident. You deserve the right to file a claim for the costs incurred because someone else was being negligent. Litigation funding companies offer you the chance to get the money you need to live comfortably and pay all of your obligations while seeking compensation.

Remember, lawsuit loans are an option when you need money for the duration of your case. There are no monthly repayments, and if you lose you owe absolutely nothing. If pre-settlement funding sounds like an option that will benefit you, contact your attorney to discuss the matter. This could be exactly what you need to get full compensation for your injuries and other expenses resulting from someone else's negligence.

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Avoid Car Insurance Claim Nightmares with Accident Management

After a motorcycle or car accident that wasn't your fault, you could be forgiven for thinking that going through your insurance company would give you the best possible outcome. At OneCallSortsAll (www.onecallsortsall.co.uk) we disagree, our solicitors and staff pride themselves on getting you a better deal after your car or motorcycle accident. Here are just three of the many reasons why you should avoid car insurance company nightmares and go with OneCallSortsAll complete accident management.

  1. Car Recovery After the Accident Need your car recovered? Well with a call to us, we will dispatch a recovery vehicle the same day to recover your vehicle. After an accident, securing your damaged vehicle can be a nightmare; you might be away from home, or you or another passenger might have been injured and need to go to hospital. We have arrangements with recovery companies across England and Wales, so we can offer you fast vehicle recovery.
  2. Claim Costs for Car Repairs Need repairs done to your vehicle after an accident? Going through your insurance company might seem like the best choice, until you have to fork out for your excess. Avoid the nightmare of having to pay extra to repair your car with OneCallSortsAll. Our solicitors can claim back the cost of any vehicle repairs so you won't be left out of pocket.
  3. Like for Like Courtesy Car Ok, so your car is out of action after your accident, looks like you will have put up with a worn out, underpowered old courtesy car whilst your own vehicle is being repaired - an absolute nightmare.

Call the team at OneCallSortsAll and we'll get you sorted with a like for like replacement hire vehicle for you to use whilst your own motor is off the road. We think you'll agree that this is a great deal, all the repairs to your car taken care of, and compensation for any injuries you might have suffered in your accident, and as if that wasn't good enough, you won't have to pay us a penny. So if you're unfortunate enough to have an accident on the road, One Call really will Sort All. Log on now to www.onecallsortsall.co.uk to see what we can offer to you, or call 0800 056 0975 to start your compensation claim today.

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Should You Hire An Accident Attorney

  • Published in FAQs

"The following article was written for Resources For Attorneys.com by David Hallstrom, a private investigator, he is not now nor has he ever been an attorney.

You have been in a accident, automobile, slip and fall, workplace, etc.. Should you see or speak with an attorney?

As far as I am concerned, the answer is always yes.

When should you consult with an accident attorney? You should seek the advise of an accident attorney as soon as possible after the accident. Do not wait. You could be giving up certain rights. You should definitely speak with an attorney before speaking with the other sides insurance agent, adjuster or attorney.

You say that you can not afford an attorney. Most accident attorneys will consult with you for free and, if they take your case, will handle it on a contingency basis, not taking any fee until the case is settled. Most settlements are increased to cover the cost of the attorney and therefore normally the attorney costs you nothing. Many attorneys will also advance all court costs for you if they are forced to file suit.

You say that you were injured, however, the insurance company has offered to pay your medical bills and you do not feel it is right to take advantage of them by asking for additional money for your, pain, suffering, lost work, etc.. Don't you feel that you as a person are worth something? Do you think so little of yourself that you feel that your pain, suffering, incontinence, etc. is worthless. You did not cause this accident. What you are going through was caused by someone else. You deserve to be compensated. The insurance company, as a matter of good business, has already built these types of costs into the premiums that they charge their customers. If the money does not go to you it will probably go to their shareholders or to increased salaries or ?. Why shouldn't you be properly compensated. Remember most good attorneys are ethical and although they will attempt to obtain as much money for you as is due, they will not take your case unless they feel that it is proper.

You say someone else admitted liability and said that their insurance will pay all your damages. That's great, however, what if the person changes his or her story later on and says that you were at fault. Or what if the other side's insurance company refuses to pay what you think is proper. In fact, how do you know what is proper? Remember, an insurance company may pay claims, but it is in business to make money. It normally will not offer one dollar more than it has to and if you are not represented by an attorney the insurance company adjuster or attorney may feel that he or she can ""get away"" with paying much less than the claim may be worth. Additionally, what people state at the time of an accident is not always what they state after having spoken with a friend, insurance agent or attorney. Finally, an insurance adjuster or insurance attorney works for the insurance company, not for you. How do you know that what they are telling you is correct or true. Remember, in most instances, they are there to try and save the company money. You need an attorney on your side to tell you what your rights and obligations are.

You say that you were not hurt that bad or at all. How do you know how badly you were hurt. Some injuries do not show up for months. Other injuries may aggravate a prior problem. Even if you have been found to be ""ok"" by a doctor, how do you know that a problem will not come up later. If you have insurance and did go to a doctor, who is going to pay your co-pay or deductible. If you do not have health insurance, who is going to pay for your examination which should include x-rays, etc.. If you retain an attorney he or she can probably refer you to a doctor who will accept a lien against the insurance settlement, thereby saving you from paying money out of your pocket.

You say you have accident insurance, why not let them handle everything for you. Your insurance company is there to defend any claims against you not to represent you in any claims against other parties. Additionally, they also are in business to make money. How do you know if they are trying to settle a case to help you or to save themselves money.

The foregoing article was written by the author based on experiences he has had as a private investigator representing both accident attorneys and insurance companies. This article is not stated as a legal opinion or as fact but instead is stated as opinion of the author.

Permission is given to reprint this article providing credit is given to the author, David G. Hallstrom, and a link is listed to Resources For Attorneys the owner of this article. Anyone or any company reprinting this article without giving proper credit and the correct link, is doing so without permission and will be subject to legal action.

For a nationwide directory of attorneys see usattorneysdirectory.us Or for more articles about attorneys or other legal matters see Legal Articles about resources for attorneysresources for attorneys homesubmit an articlereport bad linkscontact us

©Copyright 2004 Resources For Attorneys. All Rights Reserved Worldwide.

About the Author

David Hallstrom has been a licensed private investigator for over thirty years. The majority, over 2000, of his clients are attorneys. He is also the President of Resources For Attorneys.com, a legal and lifestyle resource directory for attorneys, lawyers and the internet public."

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Lawyer Fees

 

Before you sign any contract with an attorney it is very important to understand how they expect to be paid. Be aware that an attorney cannot always estimate exactly how much their services will cost you in the end. It can be difficult to know how much work is going to be involved in a case, or how long the lawsuit will go on. However, they can and should be able to give you an idea of the cost range and you can always request it be kept to a minimum. If you have any questions about your fee arrangement, or any trepidation about the cost, be sure to discuss this thoroughly with your attorney before signing a contract.

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