car accident funding
“Soft Tissue” Defined
Lawsuit Funding – The Advantages of this Financial Life Line
1. Lawsuit Funding Uses No Credit Checks
Lawsuit funding, also known as lawsuit or settlement loans are not technically “loans”. Accordingly, the creditworthiness of the applicant is not an issue. This is good news for applicants because many suffer from inadequate credit scores. These individuals typically do not have other sources of funds available to them.
2. Lawsuit Funding is Not Repaid if the Case is Unsuccessful
3. Lawsuit Funding Requires No Monthly Payments
4. No Cost to Apply for Lawsuit Funding
5. Lawsuit Funding Offers Competitive Rates for Preferred Cases
A FedEx truck driver has filed suit against the city of Memphis and its former Police Chief after an auto accident on June 23rd.
The civil action lawsuit, filed in Macomb County Circuit Court, stems from a two-car accident which left both vehicles totaled and left the FedEx truck driver, Sean Wood, seriously injured.
Former Police Chief, Beels Koveck, was driving a city police vehicle at the time of the accident. According to police reports, Koveck ran a stop sign on a gravel road and slammed into the side of Wood’s FedEx truck, sending the struck vehicle careening into a nearby ditch. Despite being found at fault, Koveck did not receive a citation from Michigan State Police who responded to the accident.
Woods suffered significant injury in the crash, requiring extensive corrective surgery to his ALS. Woods has been unable to return to work following the accident owing to his injury. Woods is seeking damages for pain and suffering, medical expenses, legal fees, and for lost wages.
“She admitted she ran the stop sign and witnesses state it was at a high rate of speed with no attempt to stop” said Christian P. Collis, Woods’ attorney, “So I don’t think it will be hard to show… gross negligence.”
Auto Accident Settlement Funding Helps Plaintiffs With Cash Now
That being said, Woods still has a long and difficult court battle ahead of him. Filing a lawsuit against a public official can result in a protracted and messy proceeding. As the case drags on, Woods’ medical cost fees will begin to mount, putting increasing pressure on him to accept an early ‘low ball’ offer as final settlement.
Settlement funding from Fair Rate Funding could help someone in Wood’s position endure the financial hardships of an extended legal battle. Auto accident settlement funding is a non-recourse cash advance available to plaintiffs in a variety of civil suit proceedings, including automobile accident suits. Settlement funding provides money in anticipation of a successful settlement of judgment; money that can be used to pay medical expenses, to compensate for lost wages, or for any expenditure the applicant decides. And if the borrower fails to win their case, the funds do not have to be paid back.
Unlike traditional loans, Auto accident settlement funding is awarded based on the strength of your suit, not your credit or employment history. The funds can be made available as little as 24 hours and there are no upfront fees associated with securing settlement funding. You don’t pay until you win your case. And if you don’t win, you are not required to repay anything.
If you or someone you know is going through the long and costly process of fighting for a fair settlement in an automobile accident lawsuit, consider obtaining Auto accident settlement funding. It can give you the financial flexibility to keep up your fight without feeling the pressure to settle for less than you deserve.
The father of a young Chicago woman seriously injured in an automobile accident has filed lawsuit against the driver of the vehicle.
Kelsey Ibach, a 25-year-old journalism student at the University of Michigan, and several of her friends were out for a night on the town, visiting several River North nightclubs. In the early hours of the morning, Kelsey’s group decided to call it a night. They were offered a ride home by 28-year-old Robert Cho. According to police, Cho was heavily intoxicated at the time and was not fit to operate a motor vehicle. Cho was apparently driving well over the speed limit when he crashed into a pole and through a fence before finally coming to rest, upside down in a ditch nearly 20 feet from the road.
Cho was uninjured in the crash and allegedly fled the scene on foot immediately after; not even stopping to call emergency services. His passengers, and Ibach in particular, were not so lucky. Ibach suffered a crushed spine and pelvis, broken ribs, a punctured lungs, and a blood clot in her brain. Ibach has been confined to a wheelchair since the accident and must undergo rehab several hours a day.
The Ibach family has filed lawsuit against Cho, as well as two of the clubs he had allegedly visited on the night of the incident, The Mid and Hubbard House. The lawsuit also names the entertainment company whom Cho works for.
Cho has already faced criminal charges stemming from the accident for several traffic related counts as well as for failure to report an accident. It would seem, in the light of such damning evidence, Ibach’s case should be a open and shut affair. Unfortunately, the realities of an auto accident lawsuit are not always cut and dry.
The Ibachs will face a long and costly court battle in order to realize fair compensation for their daughter. Over the course of that battle, expenses will grow and Kelsey’s medical expenses will mount. With the added financial pressure, the Ibachs may be pressured into accepting a settlement offer for far less than they are seeking. Securing Illinois settlement funding could provide the Ibachs with the financial support to keep up their fight and realize a fair recovery.
Illinois Settlement Funding Helps Plaintiffs in their Time of Need
Fair Rate Funding, a national settlement funding company with some of the lowest rates in the industry offers settlement funding to plaintiffs in auto accident lawsuits. Illinois settlement funding provides plaintiffs in civil lawsuits with a cash advance to help them weather the financial hardships associated with court proceedings.
Settlement funding differs from traditional loans in several ways. Where a traditional loan would require incremental payments, settlement funding stipulates that no payments need to be made until a judgment is rendered. And if said judgment goes against the favor of the borrower, they are not required to pay back anything.
Additionally, settlement funding in Illinois and other states, is structured in such a way that factors such as employment history and financial standing, which may keep a plaintiff from securing a personal loan, are not taken into consideration. Rather, the validity of the lawsuit and the likelihood of its success is the only concern.
Settlement funding provides plaintiffs with the financial backing and flexibility to see their case to completion and realize a fair reward. If you are involved in an auto accident lawsuit, consider acquiring Illinois settlement funding from Fair Rate Funding. Court can be a battlefield, and lawsuit funding can provide you with the financial ammunition to fight for your rights.
A woman died in a motorcycle accident recently on Interstate 84. The victim was riding as a pillion passenger on a motorcycle on the eastbound lane in West Hartford, Connecticut.
The motorcycle came to an abrupt stop and crashed into a car in front. The motorcycle fell onto its side, throwing the driver and its passenger onto the road. The woman was then struck by another vehicle. The driver of the motorcycle and his passenger were taken to St. Francis Hospital where the passenger died, police reported.
Motorcycle accidents are some of the most horrific on our highways as motorcycle riders have little protection when they come into contact with either the ground or another motorized vehicle. In cars and trucks, including those equipped with airbags, accident victims have some protection which may prevent serious injury or death.
The cause of this accident has yet to be determined. Most likely, the passenger was not at fault. Her family members may pursue a wrongful death lawsuit to compensate for economic loss and loss of consortium and/or companionship.
Wrongful death lawsuits take time, sometimes even years. Meanwhile, plaintiffs may find themselves in need of financial support while they wait for the lawsuit to finally reach settlement. Monthly and other expenses cannot wait. Many litigants, especially those who lost a major household earner due to an accident, need an influx of cash to bridge the gap between the filing of the lawsuit and its ultimate conclusion.
Lawsuit Settlement Funding Helps Clients in Financial Distress
Settlement funding, sometimes referred to as ‘lawsuit loans’, ‘settlement loans’, or ‘lawsuit funding’, helps plaintiffs in their time of need by providing immediate cash to help litigants survive financially. In return, plaintiffs pledge a portion of the proceeds of the lawsuit, if any.
Anyone who has a pending or settled lawsuit, and is represented by an attorney can apply for settlement funding. Wrongful death lawsuits which are eligible for settlement funding must have an attorney retained on a contingency fee arrangement. That is, the attorney only earns a fee if the case is successful.
Likewise, lawsuit settlement funding proceeds are not repaid unless there is a successful recovery. As such, lawsuit loan contracts are deemed ‘non-recourse’ funding and are a risk free proposition for litigants.
There are no credit checks, no upfront costs and absolutely no restrictions on the use of the lawsuit cash advance.
Because of these reasons, and the risk free nature of settlement funding transactions, more and more plaintiffs are turning to settlement loans to solve their financial instability.
A young man was seriously injured in an auto accident in Argyle, New York which took place at the CR-49 and ST-40 intersection recently. A car driven by a 17 year old ran a stop sign and drove into the path of a Jeep Wrangler.
The driver reacted quickly and narrowly missed a collision with the auto. However, the vehicle drove into a ditch and crashed into a wall which caused it to roll onto its roof. Fortunately, the driver and his front seat passenger were belted up so they only encountered minor injuries. The passenger in the back was not so lucky because the seat belt was unbuckled. As a consequence, he suffered serious head injuries and is now lying in hospital critically injured at the Albany Medical Center.
An important issue is why the driver of the auto pulled out when there was traffic in the road. This is reckless driving as the driver was not paying due care and attention to current road conditions. It is the responsibility of all drivers of vehicles to yield at a stop sign and failing to do so could well cause a serious accident.
Uncovering the issue of fault is always important because under the American legal system, victims of negligence are entitled to monetary compensation. In fact, entire industries have evolved from this right. Without it, there would be no personal injury attorneys, less property and casualty insurance, less civil courthouse workers, etc.
More importantly however, is the victims’ current conditions. This unfortunate victim is critically injured. But many others will also contend with debilitating injuries. There remedy is often to file a personal injury lawsuit against the at fault party.
But personal injury lawsuits take time to reach a settlement. Sometimes years pass before the case can be successfully negotiated. Meanwhile, plaintiffs must still contend with medical costs, loss of working capacity and daily living expenses. Because of the mounting financial pressure, many plaintiffs are forced to accept “low ball” settlement offers simply to ease the immediate burden.
Lawsuit Funding to the Rescue
The lawsuit funding industry specializes in the advancing of money now, before the lawsuit is settled. Settlement funding companies offer immediate cash in exchange for a portion of the case’s settlement. This offering is often exactly what litigants need – the staying power to wait for a fair settlement.
Settlement loans, as they are sometimes called, are designed as a purchase of the future proceeds of the lawsuit. As such, they are NOT loans. This is important because if the lawsuit is unsuccessful, they advance in NOT repaid. Lawsuit funding then, is a no risk proposition for clients who need cash now, before their case settles.
Lawsuit funding cash can be used at the client’s discretion. There are absolutely no restrictions on how the money is spent.
Better still, anyone with a pending lawsuit can apply for lawsuit settlement loans. There are no credit checks and no upfront application costs whatsoever.
At Fair Rate Funding, we process over one thousand inquiries each month. Our clients request funding amounts ranging from $1000 to $400,000. Also, we routinely receive applications for lawsuit funding amounts of less than $1,000. Although some plaintiffs with “heavy” cases may only need a few bucks, the majority of our clients who are approved for less than $1000 are involved in personal injury lawsuits with “soft tissue” injuries.
How to define a soft tissue case has changed considerable throughout the years. The term was originally used to describe “whiplash” type of injuries sustained in personal injury lawsuit such as automobile accidents. Soft tissue was used to describe that the injury only involved muscles, flesh and body tissue such as a bruise, sprain or muscle spasm. When comparing this type of injury with tears to ligaments, bone fractures, or other more severe conditions, soft tissue injuries were so categorized so as to minimize their severity.
The use of imaging equipment such as x-rays, MRI’s and CT Scanners, has increased the accuracy in which injuries can be diagnosed. Conditions such as ligament tears, herniated disc between the vertebrae, fractures and other conditions are all objectively seen by doctors, lawyers and insurance companies through the use of these incredible machines.
In response, insurance companies took the liberty to label injuries without objective evidence (e.g. a positive x-ray for fracture) of injury as “soft tissue” injuries. Generally, and as it pertains to orthopedic injuries, a “soft tissue” injury became an injury where no abnormality was found on any objective type of study.
Redefining “Soft Tissue”?
As stated above, a soft tissue injury has historically meant an injury involving the muscles and excluding more severe injuries such as those that can be seen on an imaging study like an MRI. Over the years, insurance companies and their attorneys tried to expand this definition. Currently, defense attorneys and their clients routinely attempt to include such positive findings disc bulging and/or herniations into the ‘soft tissue’ definition. The argument being that even though it comes up on the study, the injury is not severe. In many instances, this endeavor has been successful. Whereas a positive finding of disc bulging in an MRI used to meet the “objective evidence of injury” test in the past, defense attorneys are now trying to remove injuries with these types of findings from the pool of compensable injuries.
What to Expect When Applying for Funding of Soft Tissue Lawsuits
Because there is more limitation on these painful injuries, lawsuit funding operations must adjust their approach to help mitigate the additional risk.
One such adjustment is to eliminate the funding of soft tissue cases altogether. Many lawsuit settlement funding businesses simply do not consider personal injury lawsuits involving slip and falls, or other premises liability injuries, without a surgery. Some lawsuit funding companies only consider automobile cases which have a positive finding of abnormality on a MRI or CT Scan and some additional treatment such as extensive physical therapy, if there is no surgical intervention involved.
Another adjustment might be limiting the settlement loan amount. When approved, soft tissue lawsuits are generally approved for lawsuit settlement loans for $1,000 or less.
The mission of lawsuit funding as an industry is to provide financial relief to those unfortunate plaintiffs who face financial pressure while their lawsuit is pursued in the court system. Applicants often request small amounts of funding against their lawsuit, regardless of the severity of their injury. Small lawsuit funding amounts can satisfy our mission as well.
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