When injured as a result of someone else’s negligence, you may have a difficult time affording your expenses and medical bills. You need lawsuit funding to sustain your needs and provide more time to negotiate a better settlement. Here are tips on what to do when you have a pending personal injury case:
Involve Your Family and Friends
Seeking assistance from friends and family can help you take care of your bills during this difficult time. With a pending personal injury case, you could be injured and not in a position to work. This can make it challenging to sustain your livelihood. Your friends and family can help you relieve some of the physical or financial burdens during this time.
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You could move to a friend’s or family’s house to avoid expenses. This helps you cut your spending while not earning.
Engage Your Insurance Company
If you pay for health insurance, provide all your insurance data to your healthcare providers. Your health insurance policy may pay for a lot of your medical expenses.
In case your health insurance does not pay for all your medical bills, they may be paid out of your settlement. Organize all your medical bills in a file and present them to your injury attorney.
Acquire Medical Lien
A medical lien helps you pay for your medical expenses after receiving care. It is similar to an agreement to pay your attorney at the end of your case.
You may sign an agreement to pay your healthcare provider at the end of your case, regardless of the outcome. You will still have to pay for all your expenses if you do not win a settlement. A lien can give you time as you don’t pay for the medical expenses immediately after treatment.
Get Medical Funding
Work with a medical funding company to pay all your medical expenses. These companies offer affordable healthcare and financial help to uninsured people struggling to acquire quality care. They cover different treatments, including MRI and other imaging, initial consultation, surgery, and physical therapy.
Medical funding directly pays the healthcare facility to provide you with complimentary care. Funding companies pay on time and make sure that healthcare facilities do not have to wait for payments. This verifies that healthcare specialists focus more on providing quality care to you.
Getting medical funding allows your attorney to take time to get you a good settlement. They focus on getting you what you deserve instead of settling for less.
Obtain Lawsuit Funding
If you struggle to pay for your basic needs and medical expenses, get a lawsuit loan. A lawsuit funding company buys the rights to a portion or all of your settlement in exchange for a loan.
Here are some benefits of lawsuit loans:
- Provides Monetary Options
A lawsuit loan provides you with some options if you struggle to meet your living expenses. You will no longer have to risk some of your bills going unpaid. Costs such as loan and mortgage payments may be covered, helping you live comfortably as you wait for your settlement.
- Provides More Time To Negotiate a Good Deal
Getting a lawsuit loan can provide you with stability and allows you to take your time considering settlement offers. Your goal is not to prolong the litigation but to get the best settlement possible. The lawsuit loan relieves you of financial stress and leaves more time to negotiate a better deal.
Things to Consider Before Taking a Lawsuit Loan
Lawsuit Loaning companies may only give you a loan if your case has a high chance of success. Many people apply several times before finding a company ready to provide a lawsuit loan. These loans sometimes have high interest rates as you don’t have to pay them back if you don’t win your case. Your payment can go directly to the loan company if you win a settlement.
Get Lawsuit Funding Today
Obtain lawsuit funding if you have a pending personal injury case and struggle to meet your basic needs and care. This can help you clear your medical bills and expenses while waiting for your settlement. It can provide more time to negotiate for a better settlement as your needs are met.