Why You Need Money Now
Personal injury victims often suddenly find themselves with a load of extra expenses. These may include ambulance and emergency department fees and the cost of ongoing medical treatment, physical therapy, and modifications to your home if you become disabled. Physical and mental pain and suffering can exact a toll that can drain your finances. If a loved one lost their lives in the accident, you’ll have to pay for burial costs as well.
How to Obtain Money
Accident funding is not a loan in the traditional sense. It essentially borrows the proceeds from a future settlement and is backed by your legal claim. Qualifying for funding is relatively simple and comes with basic requirements, meaning you must:
Ask Someone for Help
Try talking to a family member, friend, neighbor, or colleague. You never know who may be able and willing to assist you financially. However, there’s always a chance they may not offer help, whether due to their own financial obligations or your questionable loan history with them. In such instances, use a pending settlement or proof your case is going to court in convincing them you’ll pay them back.
Use Your Health Insurance
If you’ve been paying health insurance premiums on time, your insurer’s policy might cover all or most of the costs of medical care. This can certainly help when you’re strapped for cash. Check the documentation for your policy if you’re not sure what’s covered, or call your health insurance agent to see if your policy covers injuries like the ones you sustained in an accident.
Seek Funds from a Charity
Numerous charitable organizations work to help people in need, including those who have suffered a personal injury. Oftentimes, hospital and medical practitioners have knowledge of such charities. These organizations can also be found online by searching for those that provide funding to personal injury patients.
Check Out Settlement Loans
Some lenders specialize in providing loans against pending settlements. You must have an ongoing lawsuit or settlement case in court. But loans come with high-interest rates and other fees, so be sure to know all the terms before accepting this kind of support. Plus, you’re usually required to pay the loan starting right away regardless of whether your case wins or not, unless the creditor agrees to waive your obligations should you lose the case or don’t receive payment.
Apply for Pre-Settlement Funding
Settlement or litigation funding is a cash advance that does not require collateral or credit. But rather than financing litigation directly, it provides the cash you need for everyday expenses. It’s taken out of your future settlement and you’ll pay back a previously determined amount when your case does settle. Look for funding companies that require no upfront payments, offer term-based paybacks, and don’t require repayment if you don’t win.
Contact Fund Capital America
If we approve your request, you’ll pay nothing out of pocket for pre-settlement funding. You can be approved as soon as the same day, and our application process is simple. Just provide us with some basic details and we’ll speak with your attorney about your case, then make an offer to you. A personal injury settlement can take some time, but we’ll ensure you have much-needed cash in the interim.