After being injured in an accident, it can be difficult to focus on recovering from your injuries while managing the bills piling up. You may be unable to return to work due to the severity of your injuries, wondering how you can move forward from this situation and cover the expense of any ongoing treatment. Luckily, we have a solution that can keep your family financially afloat during this stressful time — lawsuit loans.
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Whether you were in a car accident or suffered a personal injury from surgical malpractice, a slip and fall, or another incident that was not your fault, you are likely counting down the days until you receive a settlement. If you are stressed about how you will make ends meet until the check arrives, we can provide you with the help you need. The solution to your financial problems may be pre-settlement funding.
Pre-settlement funding is a risk-free lawsuit loan that you don’t need to pay back if you lose your case. Our team will work with your personal injury lawyers to determine if your case is eligible for a lawsuit loan. Pinnacle Legal Funding can provide personal injury victims with the cash they need while their lawyer fights for their settlement.
Lawsuit Settlement Loans
If you are strapped for cash while you wait for your Florida personal injury lawsuit to settle, you can quickly receive a pre-settlement cash advance from Pinnacle Legal Funding. Our legal funding company can work with you and your attorney on a few quick steps to determine eligibility.
Step 1: Our Lawsuit Loans Application
You can apply for Florida lawsuit funding if you have a pending lawsuit against someone who caused you injuries. The first thing you will need to do is apply for lawsuit settlement funding. The best part? When you apply for settlement loans there are:
- No hidden fees
- No credit checks
- No money upfront
- No asset evaluation
- No income verification
Step 2: The Review
Upon receiving your application, our trained team will get to work reviewing your case. Pinnacle Legal Funding supports many types of pending lawsuit cases, including premises negligence, workers’ compensation, personal injury cases, class action lawsuits, car accidents, and more. We will discuss the settlement likelihood of your case with your personal injury attorney to determine your eligibility for settlement money.
Step 3: The Pre Settlement Funding
Often, within 48 hours of reviewing your application, our pre-settlement funding company will draft and send you a lawsuit loan agreement detailing the terms of your pre-settlement funding. Your funds will be sent directly to your bank account to use as you see fit.
How Can a Lawsuit Loan Be Risk-Free?
When you have a pending personal injury lawsuit and are facing financial distress, it may feel impossible to continue with a legal battle. You may feel it’s best to accept a lowball offer to avoid extra litigation expenses and to use that money to pay the bills that are piling up. Unfortunately, these low offers can be worth around 30% of the true value of your personal injury case.
It’s important to be cautious when entering into financial dealings, as not all pre-settlement loan companies are the same. While pre-settlement lawsuit funding does not require monthly payments, cash advances often provide funding at a high interest rate. Lawsuit funding is not like conventional loans, such as credit cards, car loans, or mortgages.
Legal funding is a non-recourse loan that is repaid solely from your future settlement proceeds. Legal funding companies cannot go after you for payments, garnish your wages, or put a lien on your house the way a conventional lender can. Since the pre-settlement funding process is for a non-recourse loan, your assets, income, and personal finances can never be touched.
How Can I Use My Florida Pre Settlement Funds?
Once approved, you can use your pre-settlement funds on anything you need since they are not meant to only cover medical expenses. A lawsuit loan offers comprehensive and quick financial support for managing your financial situation during these stressful circumstances. You can use your lawsuit loans for the following expenses:
- Medical bills
- Utility bills
- Property replacement or repair expenses
- Rent payments
- Mortgage payments
- Daily living expenses like food and travel costs
If pre-settlement loans can help your financial situation, Pinnacle Legal Funding can be the solution to your problem. Florida lawsuit loans provide financial relief without you having to spend your own money or forcing you into crippling debt. Since we receive repayment from any compensation you recover from your case, this loan is risk-free for you.
Can a Florida Lawsuit Loan Get Me a Larger Settlement?
Defense attorneys and insurance companies work hard to shield their clients from facing the consequences of their negligent actions by dragging out settlement negotiations for personal injury claims. The job of insurance companies is to limit the amount of money they pay out to personal injury victims. Pinnacle Legal Funding works to help level the legal playing field through lawsuit loans.
Receiving some of your future settlement today, you become empowered to alleviate your financial stress, pay your bills and daily expenses, and pursue your lawsuit to receive a just settlement amount. The financial stress that claimants typically experience is used by defense attorneys and insurance companies to pressure them into settling for a smaller offer. Increased medical expenses, loss of income, and other factors can quickly change your financial situation, and they leverage this pressure to force you into accepting a much smaller fraction of your case’s value.
When lawsuit funding companies provide you with the money needed to put food on the table and pay your bills, the pressure falls on the insurance company since you now have the leverage to wait for the best settlement possible. Pinnacle Legal Funding is invested in your case having a successful outcome, so we may be able to provide your lawyer with lawsuit funding to help strengthen your personal injury claim. These funds can be used to cover expert witnesses or other litigation expenses.
Florida Personal Injury Laws and Legal Funding
Under Florida’s statute of limitations, an injured person has four years from the date of their injury to file a lawsuit in civil court. If a case is not filed within this timeframe, the court likely will not hear the case, and you will not be able to seek compensation. You must seek legal counsel as soon as possible after suffering a personal injury.
Florida uses a pure comparative fault system when determining compensation recovery. A judge or jury must determine the percentage of fault each person is responsible for in a personal injury claim, which determines the financial compensation they would be entitled to. Under this system, a plaintiff can recover compensation, even when they are partially at fault for their injuries.
Joint and Several Liability Rules
According to Florida State Law Statute 768.81, more than one party can hold responsibility for injuries sustained by the victim. In these cases, a plaintiff can file a lawsuit against each of them individually. Joint and several liability rules are designed to handle cases where multiple people are at fault.
When someone is 10% or less responsible, they are not liable for covering any out-of-pocket financial losses. Parties that are found to be 11% to 25% responsible for the injuries can be liable for up to $500,000. Responsible parties found to be 26%-50% at fault can be held liable for damages up to $1 million and up to $2 million if found to be over 50% at fault.
Comparative Negligence Laws
According to the pure comparative negligence law, if partial liability falls on the plaintiff, the above numbers can be very different. The amount responsible by the other at-fault parties can be cut in half.
Damage Cap Statute
Florida does not have a damage cap statute for personal injury claims nor a limit for non-economic damages. These damages can include mental anguish and pain and suffering in medical malpractice cases. Punitive damages, which discourage unethical behavior, have a cap of $500,000 or a limit of three times the amount of awarded compensatory damages, whichever is greater.
What Cases Do Lawsuit Loan Companies Provide Funding For?
Pre-settlement funding works for a variety of Florida injury cases. From personal injury cases to car accident injuries and more, Pinnacle Legal Funding can help get you through your financial troubles with pre-settlement funding as a lawsuit loan. The following is a list of the more common cases for which we provide lawsuit loans, but keep in mind it is not all-inclusive:
- Medical malpractice
- Semi truck collisions
- Wrongful deaths
- Bus accidents
- Slip and fall accidents
- Motorcycle accidents
- Nursing home negligence
- Uber and Lyft accidents
- Burn and fire injuries
- Pedestrian accidents
- Traumatic brain injuries
- Train and railroad accidents
- Catastrophic injuries
- Hit-and-run car crashes
- Spinal cord injuries
- Workers’ compensation
- Wrongful termination
- Construction accidents
- Work Discrimination
Is Pre-Settlement Funding Worth it?
When considering pre-settlement funding, there are factors you should consider before agreeing to any terms. During the application process, our team will discuss the details of your injury claim. It’s important to know that any information shared with Pinnacle Legal Funding is fully protected by attorney-client privilege and will never be disclosed to anyone, including during the trial.
Pre-settlement funding can help clients get the funds they need while their attorney is given more time to fight for a higher settlement on their behalf. We are only repaid if your case settles. Your attorney would send us the amount due plus any agreed-upon fees.
Your lawsuit funding can be used in any way you see fit, but it’s important to use it wisely. Since pre-settlement funding is a non-recourse loan, interest rates are much higher than with typical personal loans. If you require more funding as your case drags on — and your attorney can verify that a higher settlement amount is likely — our company may be able to provide you with additional lawsuit funding.
Pinnacle Legal Funding Can Help
If you have suffered an injury in Florida and your damages are too severe to be fully covered by property damage liability or personal injury protection, pre-settlement funding can help keep your head above water while you await your settlement. Lawsuits can take months to years to reach a fair settlement. In that time, you may have ongoing medical expenses and bills piling up. You need a way to cover those costs so you do not go into unbearable debt.
You can be approved for a portion of your projected settlement amount in just a few easy steps. We will work with your attorney to get you the highest funding amount possible. Contact Pinnacle Legal Funding today using our secure online form to start your pre-settlement funding application and get the funds you need during this stressful time.
