How Pre-Settlement Funding Can Help You After a Car Accident

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How Pre-Settlement Funding Can Help You After a Car Accident

by | Dec 29, 2020 | Uncategorized | 0 comments

Getting the Financial Help You Need After an Auto Accident

Pre-settlement legal funding provides financial assistance to car accident victims who are waiting for recovery on their personal injury claim. After an auto accident, you may be unable to work and have mounting medical bills. Pre-settlement funding can help bridge the gap between accident and settlement, without the normal fees and penalties of a high-interest lawsuit loan.

Triumph Legal Funding provides a no-risk, fast approval process so that you get the help you need when you need it most. We are committed to delivering quick and easy legal funding to accident and injury victims nationwide. If you have been injured in a car accident and are awaiting settlement, contact our office at (973) 362-3500.

Legal Funding for Car Accident Victims

The most recent data reported by the National Safety Council (NSC) indicates that there were an estimated 4.5 million medically consulted injuries that resulted from motor-vehicle crashes in a single year. Millions of people are seriously injured in auto accidents across the country. Tragically, tens of thousands of traffic accidents result in the death of a loved one.

Total motor vehicle injury costs, including “wage and productivity losses, medical expenses, administrative expenses, motor-vehicle property damage, and employer costs,” were estimated at $445.6 billion by the NSC. The costs of an auto accident are extraordinary, but personal injury claims rarely settle quickly for a fair amount.

How Triumph Legal Funding Can Help

Lawsuits to recover damages after an auto accident can take months to resolve. Despite attorneys doing everything they can to expedite the process, courts are heavily backlogged, and liable parties may attempt to further prolong litigation. 

Triumph Legal Funding provides financial assistance to car accident victims and their attorneys so that they can obtain full compensation in their personal injury cases. Pre-settlement legal funding through Triumph is risk-free; if you do not win, there is no obligation to repay the money you received. We recover our fees through an agreed-upon portion of your settlement or verdict.

Types of Car Accident Claims We Fund

At Triumph Legal Funding, we work directly with your attorney to determine the strength of your case and the likelihood of success. There are no out-of-pocket costs to you or your attorney, ensuring that you get the money you need without recourse. 

We fund most car accident lawsuits, including:

  • Drunk driving accidents
  • Distracted driving cases
  • Commercial vehicle accidents
  • Rollovers
  • Reckless driving incidents
  • Head-on collisions
  • Rear-end accidents
  • Side-impact collisions

If you were injured because of another person’s negligence or wrongdoing, you deserve compensation. Let Triumph Legal Funding ease the financial hardship caused by an unexpected accident so that your attorney can fully litigate your case and get the largest settlement possible.

How Does Pre-Settlement Legal Funding Work?

If you are seriously injured in a car accident and unable to work, it could take a significant amount of time to receive compensation for your damages. Despite having a valid claim, an insurance company may try to delay your recovery or may even deny your case altogether. 

As your attorney fights to get you the money you deserve, you likely have monthly bills and other expenses that need to get paid. Triumph Legal Funding helps car accident victims who are represented by a lawyer get the money they need while they wait for their case to settle.

Our Fast, Easy Process

We are dedicated to making legal funding fast, free, and easy. With our three-step process, you and your attorney can fund your way to victory.

Our simple, three-step process:

  • Contact our office. Call (973) 362-3500 or apply for funding online to get started.
  • Application Review. Our experienced funding specialists will review your application and reach out directly to you or your attorney if we need information.
  • Approval. After intake and review, we will provide you with a contract. There is no obligation to accept, but if you choose to move forward and sign with your attorney, we can release funds in as little as 24 hours.

How Much Does Pre-Settlement Legal Funding Cost?

Unlike a high-interest lawsuit loan, which could cost you thousands of dollars in penalties and fees, pre-settlement legal funding through Triumph will cost you nothing out of pocket. We only recover money if you win your case through a settlement or verdict. Our fees are paid through an agreed-upon portion of your recovery.

At Triumph Legal Funding, we believe in honesty and integrity. All of our contracts are transparent, with an up-front disclosure of how our fees are collected. A lawsuit loan can end up being extremely expensive, in some instances costing you more than you recover. 

With Triumph, you only pay if you receive compensation for your case. There are no unexpected costs or fees, whereas, with a lawsuit loan, you have to pay the money back regardless of whether you recover anything.

What Can Pre-Settlement Legal Funds Be Used For?

Once you and your attorney sign the agreement, pre-settlement legal funds can be used for legal fees, medical bills, or monthly expenses that accumulate because you are unable to work.

Typical uses of legal funding in car accident cases include:

  • Rent or mortgage payments
  • Medical bills
  • Cost of rehabilitation or physical therapy
  • Groceries
  • Car payments
  • Monthly utilities
  • Insurance premiums

What Are the Requirements for Receiving Legal Funding After a Car Accident?

At Triumph Legal Funding, we try to help as many accident and injury victims as we can throughout the country. In order to receive funding, however, you must be represented by an attorney and provide their information on the application.

Contact Triumph Legal Funding to Get Started

Contact Triumph Legal Funding today at (973) 362-3500 or fill out our online application to get no risk, fast approval. You will work one-on-one with a personal funding specialist that can help get you approved quickly for the money you need.

Never settle for less than your case is worth simply because you cannot afford to wait for full and fair compensation. Triumph can help. Call today to get started.