How pre-settlement funding can help personal injury plaintiffs
If you’ve been injured in an accident, you probably know how stressful and overwhelming the situation can be at times. You may be dealing with significant physical and emotional injuries, big medical bills and extended time away from your job all while trying to navigate a complicated insurance process and wondering what legal options you might have.
Even if you’ve hired an attorney and a lawsuit has been filed, the time it takes to reach a settlement is hard to predict and can vary drastically. A survey conducted by lawyers.com found that the average car accident claim takes 10.7 months to resolve in the form of a settlement check. Respondents who hired an attorney for their claim reported an even longer timeframe – that it took an average of 18 months to conclude their cases successfully.
Cases that involve substantial injuries and high dollar figures can also take longer to settle because the insurance company will fight harder over them. These companies are profit-driven after all, and often use delay tactics to prolong litigation to see if you’ll give up or accept less money than your case is worth. So what happens if you know that your case could be worth more if you waited for a fair and proper settlement, but you need the money now? That’s where legal funding can help.
What Is Legal Funding?
Legal funding – also referred to lawsuit financing, pre-settlement funding, a lawsuit loan or settlement cash advance – is an up-front cash payment against the future proceeds of your lawsuit. This can help alleviate financial strain by providing extra money for you to make rent or mortgage payments, pay bills, and cover daily living expenses while you await settlement. And unlike a loan, a cash advance against your future settlement is non-recourse and there are no interim payments. Non-recourse funding means you have no obligation for repayment if your case is lost or dismissed.
Pioneer Legal Funding Can Help
Pioneer Legal Funding’s mission is to increase access to justice by providing best-in-class capital solutions for plaintiffs awaiting settlement. Backed by a team of knowledgeable underwriters, paralegals and attorneys, we’ve earned a reputation for excellence in the legal funding industry – working with hundreds of law firms and thousands of plaintiffs with all different types of injury claims.
Here are a few common types of cases we fund:
- Motor vehicle accidents
- Slip and fall
- Civil rights
- Medical Malpractice
- Premise liability
- Product liability
- Workers' compensation
- Wrongful death
- Sexual Assault
If you have questions about whether your case is eligible for funding, don’t hesitate to reach out to us. We’d love to see if we can help.
Apply Today With Pioneer Legal Funding
Fill out our quick and easy Funding Application here or give us a call at (877) 610-0950 and one of our team members can assist you. It only takes a couple minutes and there’s no cost to you. Tap into the value of your lawsuit today with Pioneer Legal Funding.