Lakewood car show event attendee narrowly missed being involved in a serious car accident which injured three people and closed New Jersey Interstate 195 to traffic last Sunday. He accelerated rapidly to avoid the crash.
A police spokesperson reported that of the accident victims was seriously injured and transferred to the hospital by a helicopter operated by MONOC Medevac. Two others travelled by ambulance.
The driver stated he was driving around 70 mph in the westbound lane of the I-195 when he spotted a red van racing toward him from along the grass median. He thought the van would slow down from its estimated speed of around 70 to 80 mph. It did not.
Instead, the driver had to increase his speed to avoid a collision. The three following vehicles were not so lucky and got caught up in the accident.
Although the cause could be any of the following: distracted driving, intoxication, or vehicle having defective parts such as tires or brakes, the victims may find it necessary to file a personal injury lawsuit in the State of New Jersey (NJ).
It could take many years to successfully gain a settlement. And if the victims are unable to work, this delay can be a time of incredible financial stress.
The good news is that there is a source of funds available to plaintiffs who need money before their case reaches settlement. That source is pre settlement funding, also known as lawsuit loans, or lawsuit settlement funding.
Pre settlement funding is a financial transaction in which a lawsuit loan company purchases a portion of the future proceeds of the case. Pre settlement funding is not the same as a traditional loan because it actually sells a portion of the future settlement. The “seller” (plaintiff) agrees to repay a sum certain once the case is settled.
Because pre settlement funding in New Jersey, is not a loan, there are no credit checks as the applicant’s credit rating is irrelevant.
Pre settlement funding or lawsuit cash advances also give NJ plaintiffs a financial advantage because it levels the playing field against large insurers who would normally drag out the process and force plaintiffs to accept a lesser settlement amount.
Settlement Funding is a great option for NJ residents and there are absolutely no restrictions on how plaintiffs use the advance.
