Cash Before Your Personal Injury Claim Is Settled
Even when you’re careful, accidents can happen. In many cases, these accidents result in little more than slight discomfort, allowing you to get up and go on your way. Sometimes, however, an accident can lead to a more serious injury. A personal injury claim can occur when a business, organization, or another person is responsible, either by creating an unsafe environment or by doing something that caused you to get hurt.
For example, a business has the responsibility to keep their sales floor safe. If they do not and you slip, trip, or fall, they could be found responsible for your injuries, medical bills, and even your lost wages. It can take a while for your attorney to win your claim or to settle out of court. Unfortunately, while you wait you still have bills to pay and if your injuries took you out of work, you might not have the money to cover them.
Pre-settlement funding gives you an option to get cash now.
What Should Happen After an Accident?
If you or a loved one were recently in an accident that caused physical or mental harm, you might be able to get money from the party at fault to compensate you for your injuries.
If you are injured in an accident, you should contact an attorney. Every state has a limit on the amount of time you have to file a lawsuit to try and get compensation for the injuries you suffered. This is known as the “statute of limitations.” The amount of time you have depends on the nature of your case, where you live, and potentially many other factors.
In most cases, once your attorney files a lawsuit you do not have to worry about your claim expiring, which is why getting in touch with a lawyer as soon as possible can be so important. Your attorney will review the details of your case and help you learn what your options are.
What Can You Claim as a Personal Injury
Recovering from a serious injury might mean a trip to the emergency room, doctor visits, physical therapy, and medication. However, your medical bills aren’t the only things you file when you make a personal injury claim. Depending on the nature of your accident, you may receive compensation for other costs, including:
- Lost Wages: Work missed due to injury or recovery
- Emotional Distress: Therapy expenses and medication
- Change In Lifestyle: Long-term disability, altered relationships
- Pain and Suffering: Undue physical burdens
Note: Local and State law can determine what you’re eligible to receive in a personal injury claim.
What to Do While You’re Waiting for Your Claim Approval
It can take time for your attorney to achieve a settlement on your claim. During that time, your medical bills, rent payments, and credit card balances are still due. Your life doesn’t pause, even if you’re not able to work.
Before you look at borrowing the money you need or going into default, contact Peachtree Financial to learn more about pre-settlement funding. You can sell a portion of your expected settlement proceeds and get cash to pay for bills while you wait. Suffering a personal injury can be a traumatic, and expensive, experience. Call today to learn more about how you can get an advance on your future settlement proceeds.
Peachtree Financial does not offer legal, tax, or financial advice. Please contact independent professionals for those services.