Legal Funding Articles & Insights
image depicting a concept of no-wait lawsuit loans also known as same day lawsuit loans

How a Lawsuit Loan Can Cover Your Living Expenses

Personal injury claims tend to take a considerable amount of time to settle fairly, and if your case heads to court, you can expect the matter to take even longer. In the process, you can face mounting expenses related to the cost of daily living that drag you down further. Too many claimants feel as if the process is an endless cycle, which prompts them to settle for less than the amount to which they’re entitled. Pre-settlement funding can provide you with the funds you need to avoid this predicament, and an industry-leading settlement funding firm can help you with that.

The Accident that Left You Injured

Pre-settlement funding works like a loan, but it isn’t a loan in the traditional sense. Instead, the settlement funding firm makes an offer based on the strength of your claim and the well-considered value of your settlement or court award. This category of funding can apply to a wide range of personal injury claims, including all the following:

  • Traffic accidents of every kind, including car, truck, motorcycle, bike, and pedestrian accidents
  • Bus accidents
  • Amtrak accidents
  • Aviation accidents
  • SEPTA Accidents
  • Premises liability claims, including both slip and fall accidents and dog bites
  • Wrongful death claims, which are similar to personal injury claims but are filed by the surviving relatives

You’ve been injured by someone else’s negligence, and the related expenses can swiftly overwhelm you. Plaintiff litigation funding can afford you the peace of mind that comes from knowing you can cover your living expenses while your claim is pending – without resorting to accepting a settlement offer that is too low.

The Process Is Simple

If someone else’s negligence leaves you facing a financial predicament, it’s only natural to find yourself at a loss regarding how best to proceed, and the idea of applying for lawsuit funding may strike you as completely out of reach. The truth is, however, that we’ve streamlined the process, and if your application is approved, you’ll have the funding you need quickly – usually within 24 to 48 hours of acceptance. The steps forward include the following:

  1. You securely fill out the brief application online.
  2. We consult with your attorney regarding the details of your claim and assess its strength.
  3. We make you an offer that’s based on your unique claim, and if you accept, you’ll be far better equipped to support yourself and your family while your claim makes its way toward a just settlement or court award.

We Accept the Financial Risk

As a pre-settlement funding firm, we accept the financial risk involved. You’re facing an uncertain conclusion to your personal injury claim – regardless of how strong it is – and the last thing you need is another concern about money.

Our funding is classified as nonrecourse debt, which means that if your claim ultimately proves unsuccessful, you won’t owe us anything. If your claim is successfully resolved, however, we’ll receive a prearranged percentage of the total, and the percentage charged will be based on the level of risk associated with your claim.

Balance Your Finances While Waiting For Your Settlement

Apply for legal funding during your ongoing lawsuit and receive cash within 24-48 hours once approved!

What’s in It for You

Being injured by someone else’s negligence can leave you facing an assortment of legal damages – or physical, financial, and emotional losses – that can thwart your overall recovery. These losses break down into the following basic classifications:

Medical Expenses – While your medical bills mount, you may be unable to afford surgeries or other procedures that could bolster your recovery.
Lost Income – If you’re unable to work while you’re recovering from the injuries you’ve sustained, it can make keeping up with the costs of daily living exceptionally difficult.
Pain and Suffering – The emotional pain and suffering that accompanies your financial losses can intensify their effects.

Having pre-litigation funding backing you up helps to ensure that you’re able to address your losses head-on without succumbing to a less-than-just settlement offer out of financial desperation. Instead, you’ll be well prepared to pay your bills and address your healthcare needs while foregoing the hassle of seemingly never-ending collection calls.

Your Credit Score Is Not an Issue

Many claimants are hesitant to apply for a lawsuit advance because they’re concerned that their credit score will interfere. While the kind of funding we provide is often called a loan, it’s actually more like a cash advance that is predicated on the amount your personal injury claim is likely to settle for – based on our expertise in the matter and on our consultation with your attorney.

As such, your credit score and your current employment status will play no role in the advance determination process. All you need to apply is a pending personal injury claim.

Keeping the Insurance Company in Perspective

Personal injury claims generally process through the insurance provider of the at-fault party, and it’s important to note that insurance companies are skilled at prolonging the claims process. This is in an effort to squeeze claimants into accepting lowball settlement offers that don’t begin to cover their complete losses. With pre-settlement funding in your corner, you’ll have the resources you need to hold your own against the insurance company while your claim is pending.

Paying Your Bills

In addition to covering any medical procedures that may be on hold until your claim is settled, a lawsuit advance can provide you with the resources necessary to cover the cost of daily living, including the following:

  • Mortgage or rent
  • Utility bills
  • Grocery bills
  • Health and life insurance premiums
  • Car payments and the expense associated with keeping your vehicle gassed up
  • Bills associated with your children’s schooling and daycare

These costs can add up quickly, and failing to pay them usually isn’t an option.

An Industry-Leading Settlement Funding Company Can Help

Thrivest Link is a well-respected settlement funding company that recognizes exactly how important your personal injury claim is to your future and your recovery. In response, we offer speedy lawsuit advances that allow plaintiffs like you to continue covering their living expenses while your personal injury attorneys skillfully advocate for you. 

There’s no financial risk to you, so please don’t wait to call or email us for more information about how we can help or to apply for lawsuit funding today.

branding director at Thrivest Link-Jason Ken
Director of BrandingatThrivest Link Legal Funding| + posts

More Lawsuit Funding Articles

Get Legal Funding Today

Please tell us more about your case or information request.

You've Got Questions?
We've Got Answers!

Call Us: (888) 697-7352

Copyright © 2024 Thrivest Link Legal Funding – All Rights Reserved.   Privacy Policy | Terms of Use  NMLS ID 1720246