Product Liability Lawsuit Loans

Product Liability Lawsuits

If you suffer an injury as a result of a defective product, you may have grounds for a lawsuit and eventual settlement. However, waiting for your lawsuit to settle might be difficult, especially if you can’t work because of your injuries. Product liability lawsuit loans can help bridge the gap between injury and settlement, giving you the wherewithal to fight back.

When you buy a product, you expect it to work as advertised. More importantly, you expect it to be as safe as advertised. Unfortunately, that’s not always how things work out.

Injuries happen every day because of faulty products. For those who work with machines, they may be more common. Factory workers are vulnerable to defective products because they use other companies’ products daily. Products typically fail in one of three categories: design, manufacturing, or marketing.

It’s not just factory workers who are at risk, though. Parts of your car could suddenly malfunction and break, putting you in danger. Oftentimes, companies issue recall notices for defective parts, but that’s usually after a number of complaints have already come in. By then, it could be too late. Here are a few examples of products with known issues:

• Takata airbags
• E-cigarettes and vaporizers
• GM ignition switches
• Pressure cookers
• Blender blade problems
• Surge protector fires

How Long Until My Product Liability Lawsuit Settles?

While there are various types of accident cases, they all have one thing in common. If the insurance company has its way, you won’t be settling anytime soon. Insurance companies profit the longer a case takes to settle. This is because they have more money than the plaintiffs do. And if a plaintiff is getting desperate for money, the insurance company can usually get away with a low offer. The plaintiff will often take it just because they need the cash.

That’s not very fair. Why should an insurance company win? They weren’t injured. They didn’t lose time from work or, worse yet, a finger or an eye. They haven’t had to change their entire lives.

But that’s the way the system has been set up. Fortunately, legal funding has helped change how plaintiffs fight back against insurance companies.

How Much is My Product Liability Case Worth?

There is a wide range of values because there are many different types of cases. If a piece of machinery at work breaks and cuts you, that’s going to be a problem, but not worth a million bucks. If your brand-new tire explodes and causes you to careen into a ditch and break your leg, you’ll have a bigger case.

Because of the wide range of case types, it’s impossible to give a single answer. However, if you can prove the product was indeed at fault, you’re onto something. If your injuries are severe enough (such as requiring corrective surgery), the value goes up. These cases can be huge in terms of value. One product liability wrongful death case resulted in an award of over $79 million.

Here are two examples of settlements for large product liability class action cases:

Takata airbags: Most recall recipients will be eligible for around $500 due to a 2017 settlement just for having a defective airbag. If you suffered an injury, you could receive much more. One settlement for Takata airbags was for $3 million.

GM Ignition Switch: There was a recent $900 million settlement to compensate around 1,500 victims. The degree of injury suffered largely determined each plaintiff’s share.

A lawsuit loan company’s evaluation will often give you an idea of the conservative settlement value of your case, but your attorney is usually your best resource.

Uplift Legal Funding

Litigation finance is an industry that helps plaintiffs outlast insurance companies. By providing loans during a lawsuit, funders help plaintiffs obtain the true value of their cases. If plaintiffs aren’t desperate for money, they can hold out and receive full value for their pain and suffering. Here’s how you can qualify for a pre-settlement loan:

• Have been injured in an accident
• Already have an attorney
• Be 18 years of age or older
• Call us at (800) 385-3660 or apply online.

We will get the information from your lawyer and, if approved, can often get money in your hands within days or even hours! We offer some of the lowest rates in the industry. We can help you get your full payment and keep the insurance companies from winning. Call us to apply today.