Accident victims deserve to be compensated when they suffer damage and injuries from someone else’s negligence. In addition to exorbitant medical expenses and repair or replacement of damaged property, many personal injury victims suffer disability, lost wages, years of rehabilitation and ongoing stress and anxiety.
Why You Need to Hire a Lawyer ASAP
In most cases, you will not be compensated directly from the party responsible for your injuries. You will have to negotiate with a large insurance company whose job it is to pay out as little as possible to accident victims. It is up to you to look out for your future wellbeing and that of your family by hiring an experienced personal injury attorney to negotiate a settlement.
Sadly, insurance companies will resort to any number of tactics to avoid paying a large settlement. They will drag out negotiations with your lawyer, sometimes forcing the case to go to court. Finalizing a settlement can take months or even years. Meanwhile, you are struggling to pay your bills and recover from your injuries. The insurance company’s lawyers will exploit your situation, offering you a much lower settlement than you deserve.
Learn how settlement lawsuit funding can help you pay your bills so you can hold out for the largest settlement possible.
What is settlement lawsuit funding and how does it work?
Legal funding helps personal injury victims weather the financial storm inevitably brought about by an accident and its dire consequences. Medical bills, car repairs, lost wages and inability to work can quickly plunge your resources into the red. Even if you expect a substantial settlement, litigation can drag on for months. A pre-settlement loan is a cash advance against your expected settlement. It puts money in your pocket right away, so you can weather the storm until your case settles.
Will a lawsuit cash advance affect my credit?
Many victims drain their personal savings and borrow money from family members to meet their expenses after an accident. Some even take out bank loans. Those solutions can quickly strain your personal relationships and seriously damage your credit.
Legal settlement funding is based solely on the odds of winning your case and the expected settlement amount. Our underwriters work with your attorney to crunch the numbers, to determine your likely settlement award. There is no credit check or employment requirement, and your cash advance will not negatively impact your credit score — it can even raise your score if you use the money to pay down your bills.
How do I qualify for pre-settlement legal funding?
The application process for lawsuit funding is easy and straightforward. You are required to have legal representation for your case by a licensed attorney. You should find a lawyer with a track record of successfully navigating the litigation process and winning large settlements for their clients. A seasoned attorney is not afraid to go up against insurance company lawyers and fight for the compensation you deserve.
You can help your prospects of getting a large settlement by gathering documentation to support your case, including photos, witness reports, emergency service records, medical bills and reports, records of lost income and any other documentation that strengthens your case. Keep all your documentation organized, and make sure your attorney has copies.
What is post-settlement funding?
Sometimes after a case has gone to court, the judge allows the defendant to make incremental payments for a large settlement, distributing your award over a lengthy period. In other cases, even after your case has settled and your award granted, it can take weeks before you get your money.
Post-settlement funding forwards cash to you, based on the award amount. The legal lending company may give you a lump sum and assume responsibility for collecting future incremental payments, or they may give you a cash advance against a portion of your settlement, to tide you over until you receive your award.
How much can I borrow and how long will it take?
The amount of money you are eligible for will depend on the unique details of your case and the expected settlement award. We work with your lawyer to get a clear picture of your prospects for winning a settlement, and the amount you stand to be awarded.
Even if you expect a large settlement, it is recommended you borrow no more than you absolutely need to make ends meet. Once legal fees are deducted and your loan repaid, you want to have money left over from your settlement to keep for yourself and your family.
Pre- and Post-Settlement Funding in NYC
If you are a personal injury victim and need money now while you wait for your settlement award, Cronus Capital Group can help. We offer accident victims fair and transparent terms for legal cash advances. Our friendly staff will answer all your questions, go over the fine print and make sure you fully understand the terms of repayment.
The application process is quick and easy. Apply online, or contact any of our convenient NYC locations. Once we have all the information we need, we get right to work to review your application and approve your loan. You could have your funds in as little as 24 hours! Contact Cronus today, and see why we are the most trusted legal lending company in NYC.