Why You Should Apply for Pre-Settlement Fund
Getting involved into a car accident comes with lots of hazards in terms of physical injuries, mental frustration and financial instability. After you successfully manage the sudden shock of fatalities caused by the accident, it is time to think about what you should do next to regain your financial wellbeing.
You are least expected to know that it takes months to receive a settlement or get court cases resolved. The waiting period depends on particularities of your case. You must think about the ways to ensure stable financial status for your family. Here are some reasons why you should consider pre-settlement funding after meeting an accident.
You’re Unable to Work Due To Severe Injuries
Most of the motor accidents cause fatal injuries, leaving the victims impaired for a prolonged time. The injured person – if he/she is not wealthy – runs out of contingent fund to pay for long-term treatment. If that sounds similar to your case, applying for fund will be an intelligent decision on your part.
It may take time to join work – if the injury is really bad – and you may feel it impossible to manage daily household expenses and rising medical bills. Therefore, you must not delay in applying for pre-settlement funding.
You’ve No Other Financial Resources to Depend On
You are on treatment table for a long time, have been out of job due to injury and have exhausted all sources to pay for your medical bills and other expenses. Your case is still pending and you’re waiting to obtain some settlement. Nothing seems to be working in your favour when it comes to finding sources to meet necessary expenses. Even though the scenario is dreary, there is a door open to you – pre-settlement fund.
None Is Ready To Help You
Your saving is not enough to provide long-term support. Your application for bank loans has been rejected. Pesky creditors are reluctant to bail you out of the critical situation. How will you manage to make both ends meet? Pre-settlement fund is a good way to manage your treatment cost, daily expenses and other spending.
Your Insurer Will Try To Pay You As Little As Possible
Many people nourish a wrong belief that their insurance companies will take care of them if they are in financial problem after a car accident. Any eminent personal injury lawyer will tell you that every insurance company tries their best to pay the claimant as little as possible. That is why, they look for immediate settlement with the accident victims.
Unfortunately many victims agree to early settlement offer. If you hold out longer, you will be able to receive settlement at the highest level within a certain range. Waiting longer for settlement also signals the insurer that you are familiar with the entire matter. It would also provide your lawyer ample time to prepare the case properly.
It’s Easy to Receive Fund
When you start dealing with casualties after an accident, you need monetary support to keep going on. You also need fund to make sure that your family stays afloat in times of such a crisis. If you get fund before settlement, it will bring you some good relief in this dire situation. It will also give you a peace of mind that obtaining such fund is not difficult at all.