Financial Implications of a Wrongful Death Can Be Minimized with Pre-Settlement Funding

An auto accident took the lives of two drivers when a 24-year-old woman driving an SUV crossed the center line and collided head-on with a truck driven by a 41-year-old man. Emergency personnel reported that both vehicles were mangled. Both drivers died at the scene.

Was the female driver distracted, negligent, or reckless in any way? Was there a mechanical failure causing her to lose control of her vehicle? Although nothing can bring loved ones back, holding the negligent person or party accountable for their wrongful actions can provide some measure of solace.

During a wrongful death lawsuit, family members may struggle financially without the resources to pay the bills. This is why many will often settle for less than they deserve. Few know there is an alternative – pre-settlement funding.

After filing a wrongful death lawsuit, if plaintiffs are struggling to make ends meet until a settlement is reached, they many wish to consider pre-settlement funding. With pre-settlement funding, plaintiffs obtain a cash advance against their future settlement; then repay the advance once the case successfully settles. When the bills are paid, it means one less thing to worry about so family members can focus on their case and getting their life back to normal.

Why should plaintiffs consider pre-settlement funding over a traditional bank loan? First of all, most banks will not approve a loan against a pending lawsuit. But, for comparison purposes, let’s assume they do. Traditional bank loans will typically charge an application fee and monthly payments. They will run a credit check and employment verification. No matter what, the loan must be repaid. With pre-settlement funding, none of these are true. The application is quick and easy; approval is based completely on the merits of the case. There are no payments until the case successfully settles; if the plaintiff loses, the cash advance is completely waived.

Upon receiving an application, the legal finance company will contact the plaintiff’s attorney for case documentation. After review, if the application is approved, funds can be available in as little as 24 hours. The plaintiff can immediately use the funds to pay the mortgage, rent, tuition, utilities, medical expenses, funeral and burial expenses, and fill in other gaps left behind by lost wages; anything the plaintiff wishes. It really is that simple!

If you are struggling financially while awaiting a settlement in your wrongful death case, don’t be tempted to accept less than full compensation. Get the financial help you need from an experience legal funding company so you can wail until your claim is decided by the courts and the settlement you justly deserve is paid. Remember, in the most unfortunate event that you lose the case, you are not obliged to repay the cash advance.

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