How Pre-Settlement Lawsuit Funding Can Help Plaintiffs Avoid Financial Disaster
Posted by BlackDiamondFunding on May 16, 2014
When you or your dependent suffer a serious injury caused by someone else's negligence or deliberate action, such as in a car crash, a fall, a physical assault or a construction accident, understand that the injury itself is only the beginning of your potential troubles. Emergency medical treatment, ongoing medication and therapy, loss of income from being unable to work can take a toll on your finances. And you can bet that insurance companies and attorneys representing the at-fault party in your personal injury case won't help. In fact, the go-to tactic is to initially deny your claim, then to drag out negotiations until you're so cash-strapped that you're willing to accept whatever's currently on the table. In most cases, that's a significantly devalued offer.
So how do you hold out for the settlement deal you deserve while avoiding placing your family in financial ruin? Your best bet may be pre-settlement lawsuit funding via a reputable firm like Plantation, Florida' Black Diamond Funding. We offer a workable solution that allows you to get upfront cash that you can use for to continue covering your bills and household expenses, plus your recovery costs, while your case plays out in court or mediation. When your case is finally settled and the repayment requirements of your funding agreement are fulfilled, you'll take home any remainder.
Of course, not everyone will qualify for pre-suit funding. As with any type of loan, there are pre-qualification requirements. First, a plaintiff must have an experienced attorney. In approving your lawsuit funding request, Black Diamond Funding essentially is investing in your case, so it's to your benefit and ours that a professional and proven attorney handles your case. Note, however, that information typically required for conventional bank loans, including your employment status and credit rating, won't be considered. Instead, our decision is based solely on the strength of your case. Also, understand that the type and age of your case plays into the decision to grant or deny your request.
Once your request for pre-settlement funding is approved, you could have your upfront funds deposited directly into your bank account within hours, or dropped in the mail to you the same day. This money can be used for any needed purpose, including keeping up with mortgage, car and utilities payments while you're out of work and recovering, and paying medical bills - something that many try to cover by racking up credit card debt or even filing bankruptcy. It can prove your saving grace while your lawsuit works its way through the legal system - a process that can take months or even years depending upon the complexities of your case.
If you or your family are facing a potentially contentious personal injury legal case and need help keeping afloat financially, contact Black Diamond Funding at 844-352-2274 or request a quote on our website.