People slip, trip and fall every day in New York, and more often than not, they get up and walk away with little more than a bruised ego. However, some trips and falls result in physical injuries that range in severity from minor bruising to fractures to head injuries. If you sustained serious injuries in a New York slip-and-fall accident, the law may entitle you to compensation for your medical expenses, lost wages, and other damages.
While thousands of personal injury plaintiffs successfully restore their lives each year with the help of a personal injury award or settlement, slip-and-fall claims can take years to settle. Slip-and-fall lawsuit funding provides financial support to individuals who anticipate receiving a sizeable award or settlement, but who need funding to cover the cost of their medical and living expenses for the duration of the often-lengthy legal process. Slip-and-fall legal funding is essentially a cash advance on the settlement or award injured parties anticipate receiving.
For many slip-and-fall accident victims, legal funding is a much-needed financial lifeline in a time of stress and uncertainty. If you believe you can benefit from this type of funding, contact NY Legal Funding to explore your options and discuss eligibility requirements.
At NY Legal Funding, we worry less about how your accident occurred and more about why and what kind of damages you sustained as a result. We happily provide slip-and-fall legal funding to individuals who are victims of a variety of slip-and-fall accidents, including the following:
We finance individuals who are up against average citizens like themselves, private organizations, corporations, and public entities in slip-and-fall lawsuits. Many of our slip-and-fall clients sustained injuries at schools, in restaurants, at public pools, on public sidewalks, in gas stations and convenience stores, while shopping for groceries, and on job sites.
Regardless of how your injury occurred or who you are up against, we will carefully evaluate the facts of your case and strive to get you the financing you need to recover in comfort.
Though a lawsuit loan looks and acts much like a personal loan, it comes without much of the red tape associated with traditional forms of lending. Instead of basing its decision off your creditworthiness and income, a slip-and-fall lawsuit funding company will rely heavily on the facts of your case. When you contact NY Legal Funding, one of our underwriters will first want to ensure that you have a slip-and-fall accident lawyer working on your case.
If you do, we will reach out to him or her to request verification of the following:
We do not look at your job history, and we do not require income verification. We simply want to know that you have a strong case, and that the defendant has the means to pay the award or settlement.
Slip-and-fall settlement funding exists to relieve injured parties of their financial burdens while their personal injury cases pending. Beyond that, there are no rules for how recipients use their settlement loans.
You may use your funds to pay for one or more of the following types of expenses:
You do not have to repay what you borrow until and if you receive a settlement or award. If, against all odds, your case is unsuccessful, you do not have to repay any money that you borrowed.
There are several advantages of using slip-and-fall legal funding over traditional loans and financing options. The top benefits are as follows.
The length of the approval process for personal loans varies from institution to institution and depends largely on your ability to provide the lender with the necessary documentation. That said, you should expect to wait at least seven days to receive an approval and another one to seven days to see the funds hit your bank account. With slip-and-fall lawsuit loans, however, the timeframe is much shorter.
Most lawsuit financing companies have streamlined their application and underwriting processes so that they can deliver decisions within as few as 24 hours of receiving an application. Upon approval, many lenders issue funds within 24 to 48 hours. They do not require monthly payments but rather, only expect repayment, plus interest, if and when you receive your settlement.
Say your case takes significantly longer than you anticipated to settle due to the introduction of new evidence. If this evidence strengthens your case, or if it promises to increase the amount you recover, you can reapply for more money.
Understandably, you may wish to maintain your privacy during this stressful time. When you apply for slip-and-fall settlement funding through NY Legal Funding, you can rest assured that our team will keep your information private and away from the prying eyes of any interested persons or parties.
How much in funding for which you qualify depends on several factors, including the strength of your case and how much fault your attorney anticipates you will assume for the accident. That said, many pre-settlement funding companies advance clients between 15% to 20% of their anticipated settlements.
If you sustained significant injuries and damages in a slip and fall accident in New York, set yourself up for the greatest chances of success. See if you qualify for slip-and-fall lawsuit funding early on in your case. Contact NY Legal Funding today.