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Litigation Funding Blog

Litigation Funding is A Financial Option for Those Out Of Options

May 24, 2016

An Illinois family was stopped at an intersection with a turn signal on when their F-150 was rear-ended by a Nissan Versa. The impact caused the F-150 to spin into oncoming traffic, where it was T-boned by a Ford Expedition. A teen passenger was rescued by Good Samaritans and airlifted to the hospital in serious condition. Her parents were unable to be rescued before their vehicle became engulfed in flames. The Nissan driver and a passenger in the Expedition were airlifted to the hospital in serious condition; the SUVs driver suffered minor injuries. The crash is under investigation.

When a careless or negligent driver causes an accident, victims can suffer serious injury or even death. The at-fault driver can be held responsible for damages suffered by the victims. Damages can include medical expenses, pain and suffering and wages lost because of the victim not being able to work.

In the aftermath of an auto accident, financial hardship can occur especially for those unable to earn an income; expenses can pile up in the form of medical costs, funeral and burial expenses and more. Securing auto accident litigation funding could help alleviate some of the financial strain during a pending lawsuit.

Litigation funding differs from traditional loans in several ways. First of all, credit standing and employment history do not matter. Additionally, there are no monthly payments. In fact, repayment is only made if, and when, a settlement is reached. If a plaintiff fails to recover damages, the “lawsuit loan” is not repaid at all. Once a client is approved for funding, Litigation Funding Corporation can provide the cash advance within 24 – 48 hours. There are absolutely no restrictions on how the money is used.

Have you or a loved one been involved in auto accident where another party is at fault? Do you have an attorney? Are you suing for damages? Consider auto accident litigation funding to help you with finances until your settlement is received. For more information, contact Litigation Funding Corporation today!

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