If you were injured and have a personal injury lawsuit pending, you may be eager to learn what your case is really worth, and how much money you can expect to end up with when it finally settles. If you are short of cash now, you may also be wondering how much money you can get from a pre-settlement cash advance.
Here are some personal injury FAQs and their answers, to give you a clearer picture of what to expect:
Who was responsible?Liability in an accident has a lot to do with how much money your case settles for. If you are clearly not at fault and the other party is deemed totally negligent, you will likely emerge with a higher settlement. If you share some liability in the accident, the total settlement amount could be dramatically reduced.
What are the damages?If you are injured, the severity of your injuries and the extent of treatment and future medical care will be taken into account. If your injuries are minor, don’t expect to settle for millions. But if you suffered injuries that partially or totally disabled you or took away your livelihood, you may receive a substantial settlement.
Did you lose income?Whether you just lost a few days of wages or totally lost your job, lost income should be factored into your settlement amount. If loss of income cost you late fees or other expenses, those should be documented. If you are disabled to the extent that you can no longer perform your job, future lost income and inflation may also be calculated into the settlement.
What about pain and suffering?Has PTSD from your car accident left you terrified to get on the Interstate? Do you suffer chronic pain as a result of your injuries? Has your overall quality of life declined as a direct consequence of your injuries? All these things can be factored into your final settlement.
Will there be courtroom costs?More often than not, personal injury cases settle out of court. However, should your case go to trial, it could become more expensive. Your attorney should be able to determine if there will be additional fees, and how much they will amount to, and those expenses can be calculated into your final settlement amount.
How much can the other party afford to pay?Even if you expect a windfall settlement, there may be limits to what the other party can realistically pay. Insurance policies often have coverage limits, and if your demands exceed those limits, you may be disappointed in your final settlement amount.
How much pre-settlement funding can I get?Lawsuit cash advances are generally calculated based on a conservative estimate of what your case is likely to settle for. Most lenders will advance up to 10 or 15 percent of the total settlement value. However, it is recommended that you take as little as you actually need to meet your current expenses. Otherwise you may find that after you repay your loan plus interest, and pay your attorneys and medical bills, there may be much less money left over than you anticipated.
Get Pre-Settlement Funding
If you need cash today to meet your expenses while your case settles, Cronus may be able to help. The application process is quick and easy, and we will give you an answer as soon as possible. Ask your attorney if cash advanced funding is right for you, and then contact Cronus to get the funds you need while you wait for your personal injury case to settle.