Don’t Rush to Settle: Why Pre-Settlement Funding May Be a Better Choice Than Settling Right Away

August 3, 2015, on Articles | Share

When an individual has been hurt in an automobile accident, he or she may be feeling not only physical pain stemming from the injuries, but also financial pain related to an inability to afford the household bills and other obligations. On occasion, some accident victims attempt to handle their cases on their own.

However, all injured victims are encouraged to seek legal guidance from skilled attorneys who can properly advise them as to all their legal rights and options.

Depending on the specifics of your case, you may find yourself waiting for months or even years for a resolution. During that time, you may or may not be able to work to keep your family afloat. The financial pressures can be overwhelming, particularly if you have looked into various financial options, only to be turned down for whatever reason. If this situation sounds familiar, we at Injury Funds Now (IFN) want you to know that all is not lost -- financial help does exist.

Don’t Feel Pressured to Take the First Settlement Offered to You

In some cases, the parties, all on their own, are able to reach fair settlements. However, if an attorney has to assist with reaching a settlement or otherwise resolving the matter in a courtroom, the amount of time it takes to obtain fair compensation could be quite lengthy. That said, it may be tempting to accept the first offer the insurance company or defendant makes -- if for no other reason than to be able to breathe comfortably again. But is taking that first offer a good idea? Let’s consider another option.

Pre-settlement funding may be a viable option for individuals who are currently awaiting the resolution of a case. Simply put, you can think of such funding as a “cash advance” that can be used to help you pay your monthly bills and other financial obligations while you wait. It will also afford you the opportunity to give your attorney the time needed to effectively negotiate a full and fair settlement on your behalf.

When Funding May Be a Good Idea for You

Obtaining funding at the pre-settlement stage may be easier than you think. You should be aware that the application process is fast and easy. Applicants are never subject to a credit check, employment verification or any upfront fees.

What’s more, if something happens and you end up losing your case, you will not be required to pay the money back -- so there’s absolutely no risk to you!

IFN helps injured victims in Florida and several other states throughout the U.S. We understand the importance and urgency of being able to care for your family’s needs quickly and efficiently. That said, we will handle your application and move as fast as possible to get the cash you need to you -- sometimes even on the same day of approval.

If you or a family member is interested in learning more about settlement funding and how it could help you, apply online or call 866-68-FUNDS (38637).