Highway Accident Lawsuit Loans Help Injured Plaintiffs by Providing Cash Prior to Settlement
Motor vehicle drivers and passengers injured on the highway can pursue highway accident lawsuit loans to help endure the long, drawn-out legal process. Highway accident lawsuit settlement loans bridge the financial gap between filing the claim and settlement. Highway accident loans provide immediate financial assistance to help injured victims pay expenses while they wait for their cases to settle.
High Speed Highway Accidents Can Be Serious
According to the Association for Safe International Road Travel, approximately 1.35 million people die in road crashes every year throughout the world. That is almost 3,700 per day! It is estimated that an additional 20-50 million suffer non-fatal injuries that are sometimes severe and permanent.
In the US, more than 46,000 people die in crashes every year. An additional 4.4 million are injured seriously enough to seek medical attention.
Not surprisingly, speed plays a major role in the severity of automobile collisions. The speed of a vehicle reduces the amount of time another driver has to react to a hazardous condition. Not surprisingly, the most common highway accident is the rear end collision. Speeding deaths represent 25%-30% of all traffic fatalities.
Highway Accident Lawsuits Offer Some Relief
Highway accidents can be a life changing event. Because impacts are often very fast, violent and severe, injuries are sometimes catastrophic. Many injured victims face a life long struggle to cope with their conditions.
Of course, society passes laws to compensate those who are unfortunately injured through no fault of their own. High speed highway accident fatalities often occur, leaving remaining family members with unfathomable loss. These victims pursue wrongful death lawsuits as a small consolation. Those who survive but with permanent injuries are forced to live with them. Compensation for these victims is available under negligence laws.
Personal Injury Lawsuits Not Perfect
The ability to sue for damages is a benefit to society as a whole. But it is not a perfect solution. Because injured highway accident victims must seek redress in the court system, they are subject to that system’s limitations.
What this means in practical terms is that the pursuit of a highway accident lawsuit takes time. Victims can wait for compensation for many years before settlement.
Meanwhile, living expenses and medical bills can pile up leaving plaintiffs in dire financial condition. This condition forces many to accept low-ball settlement offers from insurance companies trying to limit their exposure. The immediate settlement money eases the plaintiffs’ immediate financial concerns. But is the compensation fair?
We submit that it is likely not and offer a solution to this problem in the form of highway accident lawsuit loans.
What are Highway Accident Lawsuit Loans?
A highway accident lawsuit loan is when an injured car accident lawsuit plaintiff pledges a portion of a future settlement to a lawsuit loan company, like Fair Rate Funding. The lawsuit loan business advances money to highway accident plaintiffs to help pay expenses such as:
- living expenses
- property damage
- medical treatment and/or surgeries
- and others.
In fact, there are no restrictions on the use of highway accident lawsuit loans. After all, you are accessing your own money. You are just doing it prior to settlement.
If You Have Any Questions, Call 888-964-2224
How Much Pre-Settlement Funding Can I Get?
Fair Rate Funding approves most applicants. Usually, the only reasons for denying an application would be if:
- we thought you were likely to lose your case
- you were previously funded and there is no more room for additional advances
- your state prohibits lawsuit loans
Once pre-qualified for a lawsuit loan, our lawsuit funding underwriters evaluate your case and speak to your attorney’s office regarding your request. How much we can offer you for your highway accident lawsuit depends on:
- your injuries
- property damages
- medical treatment
- medical bills
- lost wages
- lost earning capacity
- pain and suffering
- how far along in the process you are
Generally, we will offer up to 10%-12% of what we subjectively estimate your settlement to be. We are usually very conservative in our estimation yet, the higher it is, the larger your highway accident loan can be.
How to Get a Highway Accident Lawsuit Loan?
Fair Rate Funding lawsuit loans offer the most competitive terms in the business. We can have cash in your hands in as little as 24 hours. Obtaining lawsuit loans for highway accidents is simple.
Simply contact us and start the lawsuit funding process. With your permission, we will contact your attorney and go over the details of the case. For more information about how we evaluate cases, visit the post about underwriting lawsuit loans.
Call us now on 888-964-2224 or fill out the online form to start the process.