Pre-settlement funding provides plaintiffs with a cash advance that can be a lifeline during an ongoing personal injury lawsuit. Costs accrue quickly during the lengthy litigation process, and pre-settlement funding can help you bridge the gap. That might mean helping you cover your family and personal necessities during your physical recovery and the litigation phase.
Because of the complicated nature of personal injury claims and insurance company practices, it’s generally advisable to have an attorney represent you after a serious injury. Additionally, those with legal representation are eligible to apply for litigation funding.
Do I Need a Lawyer?
Our legal system does not require personal injury plaintiffs to have legal representation. However, it’s in your best interest to retain an attorney if you want to ensure you get the compensation the law entitles you to.
A personal injury attorney represents and advocates for you during the litigation process. They build a strong case by reviewing the circumstances and your medical records while gathering evidence to show the defendant’s liability and your damages.
Most personal injury lawyers will provide a free initial consultation to anyone with a personal injury. Many also work on a contingency basis, meaning you pay them nothing unless they get compensation on your behalf. There is no risk involved in meeting with an attorney to determine if you have a case.
Generally, you may have a personal injury claim if:
- Another person caused your injury by failing to act in a reasonably prudent manner. For example, they failed to yield the right of way to a pedestrian.
- You have losses, also known as damages, as a result of the accident.
Depending on the extent of your injuries, you may wish to schedule a meeting with a lawyer to discuss your options.
The Benefits of Hiring an Attorney
If you’re not convinced you should have an attorney review your case, consider the many benefits of having one.
Represented Plaintiffs Typically Receive More Compensation
A survey by Nolo reveals that plaintiffs are 40% more likely to receive a settlement with an attorney than without. Compensation increases with the involvement of a personal injury lawyer, with the average payout going from $17,600 without legal representation to $77,600 with it. Even accounting for attorney costs, represented plaintiffs usually receive nearly three times more than those without attorneys.[1]
Personal Injury Lawyers Manage the Paperwork and Correspondence
Your attorney handles all discussions with the insurance company and obtains medical records. Not only does this give you less to worry about, but it also reduces the likelihood of a small oversight having a large impact on your case. Their involvement also minimizes the risk of you saying anything that could damage or devalue your claim.
Personal Injury Lawyers Handle Applications for Settlement Funding
We require a plaintiff interested in pre-settlement advance to have an attorney. Not only do they take the work of applying off your plate, but access to pre-settlement funds helps you cover immediate expenses. This provides peace of mind and lets you focus on healing.
Personal Injury Lawyers Streamline Negotiations
Your attorney has experience negotiating claims and may increase the likelihood of settling the case before it ever goes to trial. Skipping the trial stage saves time and money, helping you receive compensation for your damages sooner.
Why You Need a Lawyer for Funding
For your case to qualify for funding with USClaims, you must have legal representation. We will communicate with your attorney to verify the validity of your case. Your lawsuit’s details and potential outcomes will influence how much funding you qualify for.
We speak with your attorney to verify that:
- Your claim is mature and worth a certain amount.
- There is strong evidence that the defendant in the case was negligent.
- You have your attorney’s approval for litigation funding.
How Lawyers Help Maximize Your Compensation
Several factors can influence your settlement payout. Retaining a personal injury attorney ensures you have an expert with your best interests in mind fighting for an appropriate settlement amount.
This involves proving that you have incurred damages due to negligence on the defendant’s part. Your attorney can review evidence and make educated decisions based on local laws. For example, if your injury relates to a car accident, a lawyer can review the defendant’s insurance policy to determine how much the insurance company covers and how much the defendant may be liable for.
Without an attorney on the case, you may feel overwhelmed by your options or unsure how to proceed in a given situation. An attorney helps review all offers and advises you on whether the amount suffices based on the facts of the case.
Meet With a Knowledgeable Lawyer to Get an Opinion on Your Case
It’s always recommended to seek legal advice from a lawyer after sustaining a personal injury. They can help you get a settlement and access pre-settlement funding. We work with personal injury attorneys daily to help injured parties like yourself cover their expenses while waiting for cases to settle.
If you find that you have a claim and need access to the funds you qualify for now, USClaims is here to help. We purchase portions of qualified legal claims in exchange for cash now. When those claims settle or you receive a court award, we recoup the cash advance. If you don’t receive any compensation from your lawsuit, you don’t need to pay us back.
If a personal injury attorney represents you, learn more about our pre-settlement funding, apply online now, or give us a call at 1-877-USCLAIMS today.
The availability of pre-settlement funding varies by state. Contact USClaims for more information.
Sources
- “How Much Can I Get for My Personal Injury Case and How Long Will It Take?” Nolo, https://www.nolo.com/legal-encyclopedia/how-much-can-i-get-for-my-personal-injury-case-and-how-long-will-it-take-new.html. n.d.
