Five Reasons to Apply for Pre-Settlement Funding

July 1, 2015, on Articles | Share

Whether it’s your first time or third time, being involved in a motor vehicle accident is never an easy situation to deal with -- especially if you or your loved ones have sustained injuries in relation to the accident. After the smoke settles and you’ve had time to think more clearly about what just took place, you may start to wonder about your financial wellbeing and stability.

You may not realize that, depending on the specifics of your situation, obtaining a settlement or resolving a court case can take months, if not years. So, what can you do to remain financially stable and keep your family afloat? The following are five reasons why an accident victim should consider applying for pre-settlement funding.

Reason #5 - Getting Funding is Risk Free…and Easy

As you begin to deal with the fallout of your accident, you may come across a number of options that will help you and your family stay afloat. Obtaining funding prior to a settlement is an option that you may find helpful in your particular situation. Unlike certain other options that can provide you with the monetary support needed, funding from IFN can be obtained quickly and easily.

There is no credit check and no credit approval necessary. All you need to do is complete an application to get the risk-free process started right away.

Reason #4 - The Insurance Company is Trying to Short Change You

Unfortunately, many people are of the mistaken belief that their insurance company will look out for them and their situation no matter what. After all, that’s what you pay monthly premiums for, right? Well, just about any personal injury attorney will tell you that insurance companies are only out for one thing when it comes to resolving cases -- to pay the harmed individual as little as possible. That is why, more often than not, insurers attempt to get injured parties to settle as quickly as possible in hopes of providing a nice small settlement.

However, the longer you and your attorney are willing to hold out, the larger the settlement offers will likely become. In essence, holding out for the best possible settlement will demonstrate to the insurer that you are serious and may prove to be beneficial for you and your family. Waiting will also give your attorney the time needed to properly formulate the best case possible.

Reason #3 - Your Bills are Piling Up and There’s No Relief in Sight

You’ve contacted your creditors to try to make arrangements for payment; however, they do not seem to be willing to accommodate your needs during this already-trying time. The funding you receive from IFN can be used to ward off those pesky creditors and keep your balances in check. You can use the money how you see fit to pay various household and medical bills, car notes, mortgages and various other expenses.

Reason #2 - You’ve Exhausted Other Financial Means Prior to Your Case Being Resolved

The accident occurred almost a year ago, and you’re still waiting for some sort of settlement or outcome to your pending case. Meanwhile, you’ve spent all of your savings, your loved ones can no longer help you out and you’ve even dipped into your 401k for help. You have even applied for a loan from a bank but cannot get approved. As bleak as the situation may seem, it is important for you to understand that you still have another option with IFN.

Reason #1 - Your Injuries are So Severe That You Can’t Work at All

One of the primary reasons individuals seek help from a funding company is because they are completely unable to work after the accident and their reserves will only last so long. In all truthfulness, if your injuries are not too bad and your financials are in order, you may not need to look into funding options.

However, if you are unable to make ends meet and can’t afford to pay the routine costs associated with daily living, funding may be a plausible option for you and your family -- particularly when you don’t know when or if you’ll be able to return to work. Lawsuits can take a while to resolve, but you do not have to struggle. Let IFN help.

If you or someone you love is interested in finding out more about settlement funding and how it could be beneficial to you, apply online or call 866-68-FUNDS (38637).