An accident in Rensselaer, NYC resulted in injuries to 3 teenage pedestrians and a driver. Police reported a vehicle was being driven up Washington Avenue when the driver hit some teenagers who were trying to cross the road at the intersection.
On arriving at the scene, police found two teenage pedestrians out on the road who had sustained injuries. One, an 18 year old male, suffered severe head injuries and is currently in a critical condition in the hospital. An 18-year-old female, is currently facing internal injuries in intensive care. The 3rd victim, a 17 year old male, was lucky to escape with minor injuries.
The driver was found to be controlling a motor vehicle with a suspended New York State license. The driver, a 22 year old female was charged in the 2nd degree with aggravated unlicensed operation. She will appear in court in October to face the charge.
Three teens have been injured two of them seriously. It could take weeks, months or even years for these young people to recover from the full effects of the injuries. A serious head injury could be life changing and the young victim may never fully recover.
The victims will likely file a personal injury lawsuit against the at fault driver once investigations conclude. Any victim of an accident in NY State is not obliged to pay for the financial hardship caused to them in an accident that was not their fault.
The best option for these victims is to hire a personal injury attorney who will determine the likelihood of success. Normally, if the attorney agrees to take the lawsuit on a contingency fee basis, there is a good chance a reasonable settlement will be reached.
Many lawsuits can take years until a final settlement is reached. For accident victims with extensive medical treatment this can cripple both victims and their families’ finances. Important financial commitments such as car loans and mortgages may be left unpaid.
This is when a pre settlement loan can relieve some of the financial pain.
Lawsuit pre settlement loans, also known as pre settlement funding, or lawsuit funding, are financial transactions in which plaintiffs get an inflow of immediate cash to meet their needs. In return, plaintiffs pledge a portion of the future settlement to the lawsuit loan company.
Pre settlement loans offer one liquidity option to these individuals and can be the financial lifeline needed to wait out the long and drawn out litigation process.
There are no credit checks and upfront costs to apply. The pre settlement loan proceeds can be used entirely at the discretion of the “borrower” and need not be repaid if the lawsuit is unsuccessful in reaching a judgment or settlement.