While your personal injury case is sitting there, pending, you can be suffering financially due to lost wages, piling up medical bills, in addition to all the regular expenses that come with simply existing as a member of today’s society. In order to make it through this time between the accident and your settlement, you may find yourself wishing to obtain a personal injury lawsuit loan.
Not Actually A Loan?
While the name may suggest that this is a traditional loan, it actually isn’t. Not really, at least. When we look at the way such loans are advertised, we see that they are referred to as cash advances for the lawsuit, or pre-settlement funding, or with an even more elaborate name: non-recourse financial assistance. Regardless of what you want to call it, you will most likely need it as your case is pending.
This is because personal injury cases can drag on and on and on for months, if not years, because of negotiations, the wait for your trial date, or simply because the bills are piling up and up, and there is no way for you to cover them any longer with your saved-up emergency funds. That is, if you had any of those to begin with.
Nobody likes to be in debt, and nobody likes to accept large sums of money from friends and family either. In the end, your options are limited to either applying for a bank loan with very slim chances of success, or applying for the above-mentioned personal injury lawsuit loan which has been specifically created for such cases.
The application process for a personal injury lawsuit loan is simple, and there is a wide selection of these loan companies out there. And you can find them everywhere, really. Be on the web, in the phone book, through advertisement on the TV, or on a bus that is passing by. However, it is best to contact an experienced injury lawyer in Calgary that has proven success rate of winning compensation for his/her clients.
The Involvement of Your Personal Injury Lawyer In This Process
In order to obtain a personal injury lawsuit loan, you will need to talk to your lawyer. This is because your lawyer will need to willingly agree to work with the company who will give you the loan by providing them with details of your case and convincing them that your case has high chances of success. A case doomed to fail would be a terrible invest for the loan company, after all. Thus, look online or get a referral to hire a lawyer and understand how the process works.