Personal Injury LoansPersonal Injury Lawsuit Loans, Risk Free Pre-Settlement Funding

 

A personal injury loan is an advance on a personal injury lawsuit that is in the court system. Personal injury loans, also known as a lawsuit cash advance, can be helpful because personal injury cases can take months to years to settle. With a personal injury loan, it can help victims with paying medical bills, car payments, utility bills, attorney fees, mortgage or rent, and or any other needs for money that one might have.

How Pre-Settlement Funding Works

Pre-settlement funding is a lifeline for individuals embroiled in lengthy legal battles. It provides a cash advance to help cover living expenses, medical bills, and other costs while waiting for a case to settle. Here’s how it works:

  1. Application: The process begins with the plaintiff applying for pre-settlement funding through Verum Funding.
  2. Review: Verum then reviews the details of the case to assess its likelihood of a successful settlement.
  3. Approval: If the case is deemed strong, funding of a cash advance is offered to the plaintiff.
  4. Repayment: The advance is repaid from the settlement or jury award once the case concludes.

One of the most significant advantages of pre-settlement funding is that it is non-recourse. This means that if the case is lost, the plaintiff is not required to repay the advance. This feature makes pre-settlement funding a risk-free option for those in need of financial support during their legal journey.

What Are the Qualifications for Personal Injury Loans?

If you are trying to make ends meet are injured, then a personal injury loan might be the answer. At Verum Funding we offer plaintiff funding to many that have personal injury claims and also have already hired an attorney. Having an attorney involved in your personal injury case is crucial as it minimizes hassle for you, with all interactions and repayments managed by the attorney, allowing you to concentrate on recovery. Do not let a serious injury due to reckless conduct of another party hinder your ability to have access to money.

Types of Personal Injury Claims That Qualify for Funding

Pre-settlement funding is available for a wide range of personal injury claims. These claims often involve severe injuries and significant financial burdens. Here are some common types of personal injury claims that qualify for funding:

  • Wrongful Death: Families dealing with the loss of a loved one due to negligence often require financial help to cover expenses.
  • Medical Malpractice (also known as Med Mal): Cases involving medical negligence can be complex and lengthy, making pre-settlement funding crucial.
  • Car accident: Whether it’s a minor fender-bender or a major collision, car accidents can lead to extensive medical treatment and financial strain.
  • 18-wheeler accidents: If you are one of the 117,000 per year that is affected by this, we can help with the financial and mental stress.
  • Motorcycle accidents: Motorcycle accidents are never easy and can be a great strain on those who are affected. Pre-settlement can help bridge the needed funding while focusing on getting better.
  • Construction Accidents: Injuries on construction sites can be life-altering, necessitating immediate financial support.
  • Nursing Home Abuse: Cases of abuse or neglect in nursing homes can be emotionally and financially draining.
  • Slip and fall accidents: Injuries from slip and fall incidents can be severe, requiring substantial medical care.
  • Wrongful Death: Families dealing with the loss of a loved one due to negligence often require financial help to cover expenses.
  • Dog bites: Dog bites not only affect you now but for years to come. These types of cases are often very lengthy. With financial help it can be less wearing on the affected party.
  • Injuries at birth: Often very stressful these types of case might even make it hard for the affected parents to work. This is when seeking a financial relief is often optimal.
  • Police Brutality: Victims of police misconduct may face long legal battles and need financial assistance.

What Determines the Funding Amount?

The amount of pre-settlement funding a plaintiff can receive is determined by several factors, primarily the strength of the case and the expected settlement amount. Here’s how it works:

  1. Case Review: The funding company thoroughly reviews the details of the case, including the evidence and the likelihood of a favorable outcome.
  2. Expected Settlement: The potential settlement amount is estimated based on the specifics of the case and similar past cases.
  3. Funding Percentage: Typically, the funding amount is a percentage of the expected settlement. For instance, if the anticipated settlement is $100,000, the cash advance might range from $20,000 to $50,000.

The exact amount will depend on the individual case and the policies of the funding company. This approach ensures that plaintiffs receive the financial support they need without overextending their future settlement.

What Can I Do Now?

If you are in a lawsuit and you are waiting for it to settle you already know that it can take a long time for it to end. A settlement loan can provide financial support during the legal process, helping you manage expenses while you wait for your case to resolve. You might need money now to support your family and with more and more bills coming in it may feel like the walls are closing in. That is why Verum Funding is here to help you in this process and to get you the funding that you need.

 

How Can Verum Funding Help Me with A Personal Injury Loan?

Verum Funding specializes in pre-settlement funding for those who have had a personal injury. Before applying for personal injury lawsuit funding, it is important to prepare for the application process by estimating the needed funding amount. We can get some of the lowest rates in the country when it comes to legal funding. We will work directly with your attorney. All we ask is to let your attorney know that you are looking for a personal injury loan and with that give us the contact info for your attorney. We will take it from there and work on getting you the funding that you need. We can only help you if you contact us today. So, you can focus on getting better from your injuries.

 

What Does It Take to Apply for A Personal Injury Lawsuit Loan?

 

Fill out the application

On this page is an application the pre-settlement funding. Fill it out and somebody will contact you shortly, usually within 24 hours. We will tell you what will happen next. There are never any credit checks, employment confirmation, or any upfront fees. Our goal is to get you pre settlement financing so you can cover expenses during the legal process and get back on your feet.

 

After the application is filled out

After we have the info that is needed, we will contact your attorney. Personal injury settlement loans can provide quick financial relief during this period, as they are easy to qualify for and risk-free unless you win your case. From there an underwriter will go over the case with the attorney or paralegal. From there the underwriter will go over the merits of the case to decide on what can be offered to you.

 

What are the risks of personal injury loans?

With a personal injury loan there is no risk at all. That is because all the advances that are given out are non-recourse. Meaning that if you lose your case in court the advance is forgiven. There is only repayment of the advance if your case is successful.

 

Besides an advance is there any other benefits to a personal injury loan?

Absolutely, personal injury loans offer several benefits beyond just providing a cash advance:

  1. Financial Relief: They provide immediate financial relief, helping plaintiffs cover living expenses and medical bills.
  2. Time to Negotiate: With financial pressure alleviated, plaintiffs have more time to negotiate a fair settlement rather than rushing to accept a low offer.
  3. Reduced Financial Stress: By easing financial burdens, these loans reduce stress and allow plaintiffs to focus on their recovery and legal case.
  4. Increased Settlement Amount: Having the financial resources to sustain themselves can empower plaintiffs to hold out for a higher settlement.

In essence, personal injury loans can be a crucial resource, offering both financial support and strategic advantages during the settlement process.

 

Why Should I Choose Verum For Personal Injury Loans?

At Verum we want to help you get a personal injury loan that is fair and affordable to you. We will work with your Attorney to help you get the advance you needed. We do not do credit checks or ask for anymore collateral, the security for the loan will be the injury settlement award. So contact us today via the application on this page, call us at 434-535-5229, or email us at help@verumfunding.com

Verum Funding your number 1 choice for personal injury loans!