Georgia lawsuit loans are an excellent option to consider when you have a personal injury claim. In many personal injury cases, the insurance company either offers an inadequate settlement or denies the claim. Personal injury lawsuits are the next step to take to recover compensation for your damages; however, they often take a while to resolve.
Unfortunately, personal injury plaintiffs are often left sinking into debt while awaiting their personal injury settlement. Months or even years may pass before your personal injury case is finally resolved, meaning that you may struggle to pay your bills. Pinnacle Legal Funding helps you eliminate that wait with personal injury lawsuit loans to give you the money you need right away to avoid financial ruin.
What Is Legal Funding?
Pre-settlement funding is also known as legal funding, lawsuit funding, or a lawsuit loan. Despite being referred to as a type of loan, lawsuit settlement loans are like a cash advance. The financial arrangement of lawsuit settlement funding allows plaintiffs to receive part of their expected settlement amount before the case is officially resolved.
Lawsuit funding gives you the money you need to pay for your medical bills, legal fees, and other living expenses, including your regular monthly payments for insurance, car loans, and rent or mortgage payments. When you have pre-settlement funding, you can bridge the gap left behind by the wages you are unable to earn due to your injuries. Essentially, legal funding can be the lifeline you need to avoid debt.
Are Georgia Lawsuit Loans Worth It?
Pre-settlement funding is often worth it for those who have suffered extensive injuries. In these situations, they will be expecting a large settlement. Pre-settlement lawsuit loans can be instrumental in halting a common tactic used by insurance companies.
Often, the insurance company will drag out the process, making you wait to get your payout. This often causes personal injury victims to settle for much less than what would be a fair settlement. A lawsuit cash advance eliminates your desperation, giving you the money immediately. Settlement funding in Georgia also gives your attorney more time to do their best work and fight for your legal rights.
Legal funding, car accident loans, and surgery funding all serve the purpose of allowing you to take the time to recover what is fair for your damages while easing your financial burden. With the money you get from a Georgia lawsuit loan, you can take care of your immediate needs and reduce some of the stress from this situation.
Pre-settlement lawsuit funding can help you pay your bills and the expenses associated with your injuries. You can use your lawsuit loan to feed your family and get the cash advance you need to tide you over during a drawn-out legal battle.
Get to know how Pinnacle Legal Funding can help you with your personal injury lawsuit by reading customer testimonials about the financial support provided through the pre-settlement funding process.
How Do Pre-Settlement Loans Work?
Georgia pre-settlement funding is a very simple and straightforward process. Pre-settlement funding in Georgia may sometimes be called a lawsuit loan but it is vastly different from traditional loans from a bank. Pre-settlement funding is done via loan companies that provide cash advances to plaintiffs in a pending lawsuit.
Lawsuit loans work with the completion of an application. You’ll need to fill in details about your case and the type of lawsuit, such as an accident lawsuit or civil lawsuit. Legal funding will require you to have an attorney because they will provide critical details about the case and possible outcomes. Once your application is submitted for lawsuit funding, your risk and the strength of your case will be evaluated.
Generally, if your attorney has a strong case, you should be approved for a settlement loan. You will be given a maximum settlement loan amount that you can borrow against your potential settlement.
Your pre-settlement loan in Georgia is a non-recourse loan, meaning that if you do not win your case, you will not need to pay back the amount you borrowed. This differs from traditional loans since you’d have to pay the bank back no matter the outcome. Pre-settlement legal funding in Georgia is a big risk for the funding company but once your case review is complete, they may believe that you can recover compensation for your damages and approve your lawsuit loan.
How Can Georgia Lawsuit Funding Help You Get a Better Settlement?
When you get a pre-settlement loan through a pre-settlement funding company, you and your attorney are given the luxury of more time to pursue your lawsuit. The insurance company will always use financial pressure as leverage in personal injuries. They know that most people do not have time to wait for their money and hope that this will push them into signing for a smaller settlement.
By removing the pressure of financial strife thanks to a lawsuit loan, your finances will no longer be an issue. You won’t need to play games with the defendant’s insurance company or take on high interest rate loans just to keep your head above water. You’ll get the immediate financial relief you need through Pinnacle Legal Funding, and also stress relief by not worrying about your accounts going into collections.
What to Know About Lawsuit Loans for Personal Injury Claims in Georgia
Pinnacle Legal Funding makes getting a pre-settlement cash advance much easier than a bank loan. You don’t have to jump through the same hoops as you would when you apply for a traditional loan as it uses different qualifying criteria.
Your settlement money will take a while to receive and during that time you may fall behind on your regular monthly bills. When you add the additional expenses that were caused by someone else’s negligence, it makes little sense that you should sink into financial debt.
Qualifying for lawsuit loans is very simple. You can fill out our online form with the required information. While your attorney does not need to approve your settlement loan, the only way to get this pre-settlement cash advance is by having an attorney who will protect all parties and ensure the process is fair. Contact us today to find out if you qualify for legal funding.
How Can I Use My Pre-Settlement Funding Money in Georgia?
Even though it is often referred to as a lawsuit loan, it’s important to remember that pre-settlement funding is not a loan. It provides the money upfront for your case settlement, giving you the risk-free financial help you need right now. You can use lawsuit loans to pay for:
- Medical expenses
- Weekly groceries and household budget
- Utility bills
- Property damage
- Rent or mortgage
- Car payments
Accident victims should not be saddled with additional burdens when someone else is careless. This is why settlement loans exist; to help you get back on your feet again. Many people don’t realize that bodily injury liability coverage is not enough to cover all the expenses of bodily injury. They also don’t know that the fault laws may make the plaintiff more at fault, reducing the settlement amount.
When you retain an attorney and get a lawsuit loan, you will have the help you need throughout the entire legal process. You can get the money you need right away and reduce your financial burden while your attorney fights for your legal rights.
It isn’t fair that you have endured physical pain or mental anguish from your injuries. Even worse, these extreme injuries have the potential to push you into debt. Now you can avoid financial ruin through non-recourse funding in Georgia with Pinnacle Legal Funding.
Apply for Pre-Settlement Loans in Georgia
Lawsuit loans in Georgia are easier than ever with Pinnacle Legal Funding. As one of the leading lawsuit loan companies, our goal is to simplify the process for victims in car accident cases, soft tissue injury cases, and other personal injury cases.
We provide the financial assistance you need immediately and make our application process easy to navigate. If your claim is strong, you may have access to your funds in as little as 24 hours. You can then put it in your bank account and spend it in any way you choose. This risk-free settlement advance means you only pay us back if you win. Pinnacle Legal Funding alleviates your worries and stress in many different ways. Contact us today to find out how much money you can receive through a pre-settlement lawsuit loan.