Legal Funding Astoria
How Legal Funding Can Actually Get You’re a Larger Settlement in the End!
In the world of personal injury law, there is quite a bit an individual needs to know before they are able to file a proper claim. The field of personal injury law has become one of the most popular and prominent areas of law in this day and age, with more and more cases or claims being filed each and every day. Across New York City, when it comes to filing a personal injury claim Astoria plaintiffs can file for all different types of issues, including incidents like car accidents, pedestrian accidents, construction site accidents, medical malpractice, slip and falls, as well as a whole lot more. and with so many different types of claims out there, there are a number of important nuances and specific issues an individual must familiarize themselves with. One of the biggest issues when it comes to filing a personal injury claim Astoria plaintiffs must understand is the sheer time it takes for a settlement to be reached or a case to be concluded. The fact is that it isn’t a quick process at all, no matter how blatant or open and shut the case might be. It can often take months or years for an individual or a family to obtain a settlement of any kind. And for many individuals who might be experiencing some kind of financial hardships, this long time period and waiting period can really make things a whole lot worse. This is where legal funding can come in quite handy. According to the team at Express Funding of America, known for the best legal funding Astoria has to offer, in order to obtain specialized lawsuit loans Astoria plaintiffs simply must apply and they are given an advance on their future settlement, generally a small percentage of about 10 to 20% of what the legal funding team determines they might possibly get based on the facts of the case. In this article, we will examine how legal funding can truly help individuals to best fight their case and even end up with a higher settlement amount in the long terms.
According to the team at Express Funding, known for the best legal funding Astoria has around, when it comes to obtaining lawsuit loans Astoria plaintiffs or victims often have no other option, when they are having trouble making ends meet during the settlement process. With any personal injury claim Astoria plaintiffs must wait just like everyone else, and for someone in dire financial straits, this is actually quite a tall order, and not as easy as one might think. This type of funding involves getting a loan on your upcoming settlement. In exchange for agreeing to pay the lender back with interest out of your settlement, they will give you the funds you need to see your claim through to its conclusion. Before they agree to allow you to get a loan on a lawsuit, your personal injury attorney will need to work with the funding company to determine if your claim is likely to be successful. You will need to fill out an application with your lawyer’s help. You cannot get a lawsuit loan without an attorney’s consent.
As the best legal funding Astoria has to offer, Express Funding of America specializes in providing what is known as non-recourse funding. This is a huge help to plaintiffs, as it means that the plaintiff only has to pay back the advance and fees, if they win their case, or reach a settlement. If they don’t receive any money, or end up losing the case somehow, they do not have to pay the advance back. As we mentioned previously, with any personal injury claim Astoria victims who aren’t in the best financial position must often wait months or even more than a year for their settlement to come through. And something like this doesn’t work when you’ve got mounting bills for life’s expenses, medical bills to treat the injuries you suffered from the accident, and in many cases, where the accident left the victim injured to the point where they need to take time off of work. This often forces a victim into taking the first offer of a settlement, something that is a no-no, in any form of negotiating as It is commonly known that the first offer is never going to be the best offer. Plus, if the defense knows you are in financial turmoil, they will drag things out even more, in an attempt to force you into accepting the first initial offer, just so you can get access to your money that much quicker. In many cases, when an individual does this they are leaving tens of thousands, or even hundreds of thousands of dollars on the table. However, when it comes to lawsuit loans Astoria plaintiffs who are able to get legal funding are often in much better shape. Legal funding provides individuals with the breathing room they need to actually, with the help of their attorney, to properly negotiate and take the time it takes to properly get the best settlement amount possible. For more information on all there is to know about legal funding and more, be sure to contact Express Funding of America today.