Aviation Accident Lawsuit Loans Help Plaintiffs
Aviation accident lawsuit loans provide immediate cash for plaintiffs involved in aviation accident lawsuits in the United States. Although aviation accidents benefit from an increase in safety measures by the Federal Aviation Administration (FAA) and other regulatory bodies, accidents can and do happen leaving many fatally or permanently injured. Aviation lawsuit loans exist to provide financial support to these litigants.
Aviation Accidents and Permanent Injuries
While most media coverage focuses on catastrophic airline accidents involving major commercial carriers, aviation accidents are more common than you might think. Considering aviation accidents also include small private planes, smaller commercial flights, helicopter rides, etc., it is not far fetched to think that well over 1,000 civil aviation accidents occur yearly in the U.S.
Some common causes of aviation accidents might include:
- Pilot error (loss of control of the aircraft)
- Collisions either in air or at the airport
- Instrument failure
- Fuel related issues
- Emergency landing scenarios
Aviation Accident Lawsuits Attempt to Make Plaintiffs Whole
Civil lawsuits are one available remedy for those injured or otherwise negatively affected by aviation accidents. Those damaged can seek justice in the court system under various state and federal laws.
Although the ability to obtain damages through the legal system is good news, there is some downside.
First, compensation is usually in the form of monetary recovery (lawsuit settlement or award). Although money can sometimes help, no amount of money can bring back a loved one or adequately compensate for severe and permanent injury.
Second, aviation accident plaintiffs can expect a significant amount of time to elapse before they collect any money on their case. The simple fact is that lawsuits take time to progress through the system. Depending on the venue, aviation accidents can take several months to conclude. Most take years to resolve.
Delays in Justice Leave Plaintiffs Struggling
In some instances, the long, drawn out litigation process leaves plaintiffs struggling financially. This is especially true if they are not able to work as compared to the period before their accidents.
Unfortunately, many are forced to accept low-ball settlement offers simply to avoid the financial stress. If they were able to hold on, their attorneys would likely have been able to secure a better settlement.
In response to this all too common situation, aviation accident lawsuit loans were designed as a possible solution.
Aviation Lawsuit Loans as a Solution
Aviation accident lawsuit loans are specialty finance products in which a lawsuit “lender” advances immediate cash to plaintiffs. In return, plaintiffs pledge a portion of the future settlement back to the funding company. The repayment amount is usually dependent upon how long it takes to resolve the lawsuit.
Although commonly referred to as “lawsuit loans”, aviation accident lawsuit loans are not actually loans in the traditional sense. A traditional loan implies repayment at some point in the future. In contrast, lawsuit loans are ONLY repaid if the lawsuit is successful. That is, plaintiffs only repay if they win their cases.
How to Qualify for Aviation Accident Lawsuit Loans
If you have an attorney representing you on a contingency fee arrangement (the lawyer’s fee is due only if the case is successful), you are eligible to apply for an aviation accident loan.
Aviation accident lawsuit loan approval requires that you:
- Are the plaintiff filing the legal claim or action, not the defendant (plaintiff vs. defendant info).
- You must be represented by an attorney or law firm.
- The lawyer or firm is representing you on a contingency fee basis.
- Lawsuit loan underwriters evaluate and approve your particular case for funding.
If You Have Any Questions, Call 888-964-2224
How Much Do Aviation Accident Lawsuit Loans Cost
Lawsuit loan rates can vary from company to company. Reputable companies charge lawsuit loan rates that are approximately 3% per month, non-compounding.
How to Get Started
Getting started with aviation lawsuit loans is easy!
If you have a lawsuit based upon an aviation accident, you may be eligible for aviation accident lawsuit loans from Fair Rate Funding. To begin, please contact us or complete our submission form. We will contact you immediately and begin the process.
You can then relax and allow Fair Rate Funding to work for you. Our team will obtain the details of your case and make every effort to get you the cash you need while your lawsuit is pending settlement.
We are able to provide lawsuit settlement funding for aviation accident cases within 24 hours of receiving the paperwork from your attorney.