In the U.S., car accident injuries occur every 10 seconds. Navigating recovery after a severe or catastrophic car accident is an immensely challenging task, and stressing about when you will receive your lawsuit settlement certainly doesn’t help matters.
Lawsuits can take months or sometimes years to settle, which means you’d need to wait that long to see any money from the at-fault party. If your lawsuit process is dragging on with no end in sight, you may benefit from applying for pre-settlement lawsuit funding. Here’s how pre-settlement funding can help you focus on your car accident recovery.
Pay for Medical Treatments
When you need essential medical treatments after a car accident, the last thing you want to worry about is the cost. Medical care isn’t cheap — the average cost of a three-day hospital stay is around $30,000. But that shouldn’t prevent you from gaining the necessary treatments to aid your recovery.
After weeks of medical care and rehabilitation therapy, your bank account funds may quickly begin to dwindle. You must pay insurance co-pays and deductibles before your health insurance kicks in. You also don’t necessarily want to pay for treatments out of pocket when you know a lawsuit settlement should be coming in soon.
With car accident lawsuit funding, you gain the funds to pay for medical treatments up front. You won’t need to pull from your bank account or delay medical care while waiting for your lawsuit to finalize. You could even qualify for a discount on medical services when you pay “out of pocket” with your pre-settlement funding instead of claiming services on your insurance.
Allow You To Take Time off Work
Unfortunately, everyday expenses don’t stop during your accident recovery. Mortgages or rent, car payments, grocery trips, and credit card bills are still due. Because your car accident settlement won’t come for several months or years, you may wonder how you will make ends meet in the meantime and whether you will need to return to work before you’re ready.
Pre-settlement lawsuit funding can provide financial stability while waiting for your settlement to arrive. You won’t need to worry about working part-time or finding a job you can complete with your injuries and physical limitations. Instead, you can pour all your energy into your recovery.
Protect Your Peace of Mind
After a serious car accident, you likely have a lot on your mind. You’re dealing with intense physical pain and emotional distress. You may experience flashbacks of the accident or anxiety about the future. These symptoms are exacerbated if you lived through a fatal car crash in which a loved one died.
Your car accident has likely also brought about stress over money. Seeking pre-settlement accident lawsuit funding can take one significant stressor off your plate after the accident. It can provide you with at least some peace of mind, as you won’t need to worry about how you will afford all the monetary expenses you’re currently facing that may arise.
With your finances covered, you can focus on healing from your injuries. You’ll maintain a better head space to complete physical therapy exercises, attend all medical appointments, and follow your doctor’s orders. You can also begin focusing on your emotional recovery without the stress of money weighing you down.
Keep You Comfortable
As you recover from your car accident injuries, you’ll likely feel significant pain and discomfort. Sometimes, even small amenities like a new pillow or your favorite snacks and drinks can make recovery more manageable. But if you’re stressed about finances, you may not want to spend the money on these luxuries until your settlement comes through.
Non-recourse funding can give you the money you need to aid your recovery now instead of months or years down the line. With auto accident lawsuit funding, you can gain near-immediate financial support within just days of your application. You’ll have the means to pay for those small and large amenities to help you recover as quickly as possible and begin to move on with your life.
Apply for Pre-Settlement Funding Today
At Apex Legal Funding, we provide financial solutions to plaintiffs in personal injury cases. Whether you need help paying your medical expenses while you wait for your accident settlement to arrive or simply need to fill monetary gaps, we can help.
Learn more about our pre-settlement lawsuit funding and complete your application today. Give us a call at 1-800-377-4934 or fill out our online form, and we’ll reach out to you shortly.
Frequently Asked Questions
How long does it take to secure funds in a car accident lawsuit?
It can take anywhere from a few months to up to four years to secure funds in a car accident lawsuit. The exact amount of time depends on the complexity of your car accident case, the cooperation of all parties involved, and whether you decide to settle out of court or proceed with a trial. The court system moves slowly, and you’ll likely need to wait longer than you originally anticipated to see the funds from your lawsuit.
How fast can you receive personal injury lawsuit funding?
Once we approve your request for personal injury lawsuit funding through Apex Legal Funding, you should receive your funds within 24 hours.
What is the pre-settlement legal funding process?
The pre-settlement legal funding process through Apex Legal Funding involves an application where you share the details of your car accident case. We review your amount and type of damages, the upper limits on coverage amounts, and any liability you share to determine how much to offer you as a cash advance. We require attorney cooperation to provide pre-settlement lawsuit funding.
How much pre-settlement lawsuit funding can you receive?
You can receive a portion of your settlement in pre-settlement funding, typically around 10% or 20%. The exact amount depends on the value and strength of your car accident case. A loan officer will review the details and provide an official cash advance offer after you apply.
