Litigation funding is life-changing for many people because it allows them to get the medical treatment they need. Read on to learn what legal funding is and how litigation funding helps clients get prompt medical care.
What Is Litigation Funding?
After certain accidents, like a car crash, or if you slip and fall on poorly maintained private property, you should not be responsible for your own medical bills. That’s because another party may be at fault. If you and your lawyer can prove that the defendant is at fault for your injuries, they are responsible for paying your medical bills.
Unfortunately, it can take months or even years to settle a personal injury case, and you need the money now. That’s where litigation funding comes in. Litigation funding gives you the money you need before you win your case.
You may think of it as a personal loan, but there’s a major difference between litigation funding and personal loans: litigation funding is nonrecourse. That means you don’t need to pay back the funder if you don’t win your case.
You Can Afford It
First and foremost, litigation funding opens the door to medical care that you may otherwise not have access to. After a car accident, injuries can require tens of thousands of dollars worth of treatment to heal properly. Without litigation funding, you may not even consider paying for such high-end care. However, when the other driver is at fault, they’re on the hook to foot the bill.
You shouldn’t feel the urge to stop treatment because your savings are running out—that’s stress you don’t need at a time like this. Instead, use litigation funding to pay for your medical bills and get the treatment your doctors say you need.
Litigation funding helps you get the treatment you need, free from worry. We understand how stressful it feels to agree to an expensive procedure while knowing that it will put you in debt—litigation funding takes that stress away. Once you have your personal injury cash advance, you can pay for procedures then and there without impacting your future finances at all.
Now that you know how litigation funding helps clients get prompt medical care, contact a reputable legal funding firm and get your cash advance as soon as possible.