Should You Consider Legal Funding For Your Injury Claim
It is never fun to be harmed at the hands of another individual. This is especially true if you are harmed to the point where you become disabled or can’t work anymore. Most people don’t think that something like this can happen to them, but you would be surprised to learn just how often this occurs. Just look at the latest claims with Johnson and Johnson. That being said, a personal injury case can be a whole ordeal. Not only do you have to devote your time, but you will end up devoting a good deal of your money. Heck, if you are injured to the point of where you can’t work, you might not even be able to afford to fund your own case. This is exactly where legal funding can come in handy. Of course, this doesn’t mean that legal funding is the best solution for you.
Understanding Personal Injury Loans
When most people are harmed at the hands of another individual they don’t know that they have the option of legal funding. This type of funding is usually referred to as a personal injury loan. However, it should not be mistaken for a loan because a loan is something that you have to pay back. Personal injury loans are not something that will need to be repaid. This is even the case if you lose the case. However, you will have to find a company that is willing to cover the legal funding. There are a number of them out there and they will give you the funds that you need to regain financial independence while going through your claim.
Qualifying Is Simple
To state the obvious, going through a personal claim case will not only be expensive, but it will be stressful. Luckily, qualifying for a loan is easier than you would imagine. In fact, if you are injured at the hands of another individual due to gross negligence, there is a chance that you’re going to qualify for a pre-settlement loan. Still, this will depend on numerous variables. Also, keep in mind that you will need to hire a personal injury attorney before getting approved for this type of funding.
Little To No Paperwork
Not only is the qualification process, but the entire process of filing for funding takes little to no paperwork. You can even have the worst credit in the world or have just recently filed bankruptcy and you will still be able to receive the cash you so desperately need before the injury case is settled, won, or over. In addition to this, there is no income verification, credit check, or pretty much no paperwork at all. Your attorney and the funding company will handle everything. Check here American Pride Legal Funding how this works.
If You Need Risk-Free Results
No matter how you are injured or who injured you, a personal injury settlement is always a tricky one. There is no guarantee that you will come out ahead or win the case. However, that is not the case with this type of funding. If you are utilizing a professional lawsuit funding company they will not even ask for any money upfront, which is a win for you.