Is Personal Injury Funding Risk-Free?
When someone is hurt in an accident, the financial burden can feel overwhelming. Medical bills, lost wages and everyday expenses add up fast. Many people turn to personal injury pre-settlement funding to help them stay afloat while waiting for their case to settle. But is this kind of funding truly risk-free? Let’s take a closer look. What Is Personal Injury Pre-Settlement Funding? Personal injury pre-settlement funding is a type of cash advance for plaintiffs who are waiting for their lawsuit to resolve. If you have a strong personal injury claim and are represented by a lawyer, you can apply for this funding. The company gives you money upfront, which you can use to pay for rent, utilities, groceries, or medical care. Unlike a traditional loan, this is non-recourse funding , which will mean that you only repay it if you will win the case, but if you lose your case, you don’t have to pay the company back. This feature makes it an appealing option for many injury victims. Why People T...