A Ford Explorer SUV and a big rig were involved in a collision last week, which fatally injured five people. The crash took place at about 10:45 a.m. at the Athens Highway and Oak Grove Road intersection in Gainesville GA.
It appears that the Explorer left its side of the road and hit a tractor trailer head on. The four that were killed instantly were in the Explorer at the time. A 2 year old who was in the SUV and the driver of the tractor trailer were both transferred to the Northeast Georgia Medical Center. The 2 year old has since passed.
Preliminary investigations revealed the truck driver was not at fault and he is currently in a stable condition. So far, there is no explanation as to why the Explorer left its lane and caused the deadly accident. In this accident, the driver of the big rig was not to blame and he may be entitled to claim compensation from the insurer of the SUV.
An unexpected serious injury takes its toll financially on the victims involved. Victims do not plan to be at work one day and accident victims the next. There is always more to an accident than just physical injury as the sheer impact of the body being thrown off balance can cause mental trauma, too. Losing control of one’s body is demoralizing and only makes the person more wary and less confident when going about everyday activities.
Once the truck driver in this incident starts to get his wits about him he will be seeking answers. The medical bills may be accumulating while he is being treated and, after a certain period, his wages may be stopped or reduced.
If he hires an attorney and files a lawsuit against the at-fault driver he may be able to obtain lawsuit funding to cover his daily expenses while awaiting the settlement. Lawsuit loans are a type of financial transaction when a lawsuit funding company purchases in advance a portion of the proceeds of a lawsuit. A contract is involved which is non-recourse – meaning there will be no repayment due if the settlement is not recovered.
The great thing about a pre-settlement loan is that you can just go about spending in the normal way and when the personal injury settlement arrives the money borrowed automatically goes back to the lawsuit loan company.
To be eligible for lawsuit funding, the injured victim must have already hired a lawyer who expects to win the lawsuit. No credit checks are necessary for eligibility as there is no credit risk, because the loan company has bought into part of the lawsuit settlement as a saleable asset. The express purpose of lawsuit funding is to help the litigant financially so he/she does not have to take a quick offer made by the defendant. Instead, he/she will have the means to wait out the litigation process to get the true value of the lawsuit.
Although many factors are considered when underwriting a lawsuit for funding, most automobile accidents with sufficient insurance coverage, severe injuries and good liability are successful in securing a pre settlement loan. This will seamlessly merge into paying for expenses related to the accident, as well as providing extra cash in lieu of lost wages.