Law Suit Loans – A True Life Saver
Lawsuits can last for a long time and the plaintiffs are the ones who usually suffer more especially when it comes to their finances. There is a case where the plaintiff is a victim of a car accident collision caused by the negligence of the defendant. The victim has to undergo medical treatment for his injuries but he is not financially capable of handling all the medical expenses. The plaintiff also has a family to support but since the accident occurred, he is having trouble providing financial support to his wife and kids. His case can drag on for years and this type of lawsuit is not always favorable for the plaintiff. What the plaintiff desperately needs is a pre-settlement funding. This will serve as a lifesaver for him and his family who needs financial support for all their expenses.
Plaintiff Struggling to Get By with Expenses
The defendant who caused the accident wants to dispute the case saying that the collision accident was only minor and the plaintiff should not have any major injuries that could incur large medical bills. The defendant’s attorney also questioned the validity of the medical bills. During the course of the lawsuit, the plaintiff struggled to get by on their normal everyday expenses as well as paying for the medical bills. The plaintiff was totally affected by this situation and he is in desperate need of help.
Getting Help from Lawsuit Lending Companies
The plaintiff can get financial help through lawsuit lending companies or legal funding firms. These companies can provide the plaintiff with law suit loans which he can use while his case goes on. These loans are not a substitute for settlements but it is a means for the plaintiff to get by and pay for all his expenses. This loan is used to pay for the medical as well as daily living expenses. The plaintiff doesn’t need to worry about the repayment of this loan because it is technically a form of non-recourse payment. This type of loan can be paid after the case has been settled. The attorney of the plaintiff can add the cost of this loan to the reimbursable cost of the lawsuit when determining the damages. In case the plaintiff does not win the case, he is not obliged to repay the loan.
The plaintiff for this case was able to get by with his daily living expenses and he was able to pay for his medical bills because he was fully qualified for the law suit loan. He won the case and the jury gave him a very favorable settlement that would support all his medical expenses for the rest of his life. The plaintiff was very fortunate that he received funding during the litigation, which he regards as his saving grace and lifesaver.
About the author
Michael Smith is the Customer Experience Director at 911 Lawsuit Loans LLC and is responsible for client relations throughout the funding.