How a Lawsuit Cash Advance Can Help You After a Car Crash

Car Accidents and Legal Claims

Unfortunately, accidents are a part of life and can occur anywhere and at any time. Car crashes alone resulted in 35,092 deaths and 1.7 million injuries in 2015, according to the National Highway Traffic Safety Administration.

In addition to being dangerous, car crashes can cost a great deal. Expenses sometimes reach thousands of dollars. While auto insurance can cover some of these expenses, many plaintiffs still find themselves facing financial hardship.

A settlement provides the plaintiff with the financial means to cover all of the expenses caused by the accident. However, lawsuits can take months or even years to finalize. This puts many plaintiffs under financial strain.

Instead of settling prematurely, plaintiffs can use lawsuit cash advances to withstand a lengthy trial and obtain the settlement amount they deserve.

A Lawsuit Cash Advance is Different From a Loan

A common misconception is that a lawsuit cash advance is like a loan. A loan is an amount that is borrowed and paid back in full, without contingency.

Lawsuit loans, on the other hand, are contingent on the outcome of the case. This means that if the plaintiff wins the case and obtains a settlement, a portion of that settlement pays back the loan. However, in the event the plaintiff loses the case, the loan does not need to be paid back. You read that right; if you don’t win the case, you don’t have to pay the legal funder back.

Think of legal funding as insurance for your lawsuit. You receive cash upfront, so regardless of the outcome, you are financially taken care of. Simply put, a pre-settlement or lawsuit loan is a cash advance.

If you have a viable case, legal funding companies are confident that you will be successful. This allows them to give you cash upfront, knowing you will win the case and be able to pay them back with your settlement.

Accident Cash Advances Can Help with Expenses

It is no secret that car accidents can have a dramatic negative effect on you and your family, both physically and financially. In addition to this pain and suffering, it often takes years before you are compensated for your injuries. Accident cash advances help alleviate the financial strain as you pursue your settlement. These funds have no restrictions on how you spend them. However, most plaintiffs use this cash to pay for living and medical expenses, such as:

• Medical expenses—including emergency hospital visits, hospitalization, doctor visits, and prescriptions
• Legal fees
• Rent payments
• Car payments
• General living expenses

For example, many victims find themselves unable to work as a result of the injuries sustained in the accident. While settlements often account for lost wages, cash advances assist with these lost wages until the settlement arrives.

In addition, unlike traditional loans, no credit checks are necessary for a lawsuit cash advance. The only factors taken into account for cash advance approval are liability, insurance coverage, damages, and past advances. These factors are all based on the facts surrounding your case. The stronger your case, the higher your chances of approval and receiving a substantial advance. After a review of your case (liability, insurance coverage, damages, and previous advances), a value is determined.

Uplift Legal Funding

If you or a loved one is suffering from injuries or loss caused by a car crash, file a claim to seek the compensation you deserve. Uplift Legal provides car accident lawsuit cash advances to help you until settlement.

Are you in need of a pre-settlement auto accident loan? Apply online or call today at (800) 385-3660.