Traumatic brain injuries can be life-changing. If you suffered a TBI in a serious accident, you may deal with memory loss, cognitive difficulties, mood swings, and other day-to-day challenges. Working may be impossible, even as expenses continue to mount.
Even if you have a strong personal injury case and good prospects of claiming a settlement, it could take months until your case resolves. In the meantime, a personal injury loan could give you the financial support you need to cover ongoing costs.
What Is Legal Funding for TBI Cases?
Lawsuit loans after traumatic brain injury can provide much-needed financial relief for accident victims and attorneys representing them. With this non-recourse loan, the accident survivor or their lawyer can tap into funds in advance of an estimated settlement.
TBIs are complex injuries, and it can be difficult to determine to what extent the survivor will recover and whether they’ll be able to work. Settlement negotiations can go on for months or, in some cases, even years.
During this time, the victim and their family may be under the strain of hefty bills without financial support. A personal injury loan removes the pressure of quickly settling a case just to access cash to cover immediate costs.
Do You Qualify for a Lawsuit Loan?
Whether you suffered a penetrating brain injury or a blunt-force TBI, you could apply for a personal injury loan through Rockpoint Legal Funding. We may approve you for a loan after a traumatic brain injury you suffered under various circumstances, such as:
- In a car accident
- While playing sports
- From a heavy falling object
- During a slip-and-fall accident on someone else’s premises
- Through medical negligence
When we look into your case, we’ll evaluate your odds of winning and how much your claim is worth. You’ll have a better chance of qualifying for a personal injury loan if you have clear proof of the other side’s fault and detailed medical records documenting your condition.
Why You Should Consider Lawsuit Funding After a TBI
As a traumatic brain injury survivor, you may discover that your life has changed forever. You may have to re-learn basic skills like talking and writing. Perhaps you’ll need help with daily routines and special equipment for your home to accommodate your condition. You may be able to work only a limited number of hours, if at all.
Frustratingly, the insurance company responsible for compensating you may challenge your claim. Even if you have an excellent lawyer, your case could drag on for months. The other side may make an offer that doesn’t come close to covering all your losses. You could decide you have no choice but to accept any settlement because you need cash quickly.
A pre-settlement loan relieves the pressure of ongoing expenses while you pursue a claim or a lawsuit. It puts you in a much better position to negotiate a higher settlement offer.
How Litigation Funding Can Help If You’re a Lawyer
Litigation funding can also be tremendously useful if you’re an attorney representing TBI survivors. As a personal injury lawyer, you probably charge a contingency fee, so you’ll only collect your payout when you negotiate a settlement or win an award on your client’s behalf.
A lawsuit loan gives you the financial breathing room to run your office, pay your staff, and shoulder other ongoing costs while working on a case. You could also extend assistance to your clients and help them make better strategic decisions, like rejecting an unfair offer.
Litigation funding can give you stronger leverage, remove the pressure to settle a case fast because of cashflow constraints, and help you provide better service to your clients.
How To Apply for a Pre-Settlement Loan Through Rockpoint Legal Funding
At Rockpoint Legal Funding, we make our personal injury loan process as fast and hassle-free as possible. All you have to do to apply is:
- Fill out a brief online form. Our initial application only takes a couple of minutes. After you submit your basic information, we’ll typically ask for more details about the case and request that you forward relevant documentation. We may also talk to your lawyer if you have one.
- Wait while we review your case. We’ll evaluate your case to determine your eligibility for a personal injury loan and how much funding we can provide.
- Accept a loan agreement. Once we approve you for a loan, we’ll forward all the details, including repayment terms and loan fees. Then, you can receive the funds quickly, possibly even on the same day.
You can use your personal injury loan funds for anything you need, from paying off medical bills to covering living costs.
What’s the Advantage of a Personal Injury Settlement Loan Over a Conventional Loan?
Approval for a traditional loan usually depends on your credit score. You may also need to provide collateral. Moreover, you’ll have to repay a conventional loan according to its terms regardless of your financial situation.
In contrast, a legal loan is non-recourse funding that you only need to repay if and when you collect your payout. Loan approval depends on the strength of your case, and you don’t need to undergo credit checks or give proof of employment to qualify.
What Happens If You Lose the Case?
If your TBI case falls through, you won’t need to repay your personal injury loan. It’s a calculated risk we at Rockpoint Legal Funding take on your behalf. Therefore, you have nothing to lose by applying for lawsuit funding.
Apply for a TBI Lawsuit Loan Through Rockpoint Legal Funding Today
Are you struggling with ongoing expenses during an insurance claim or a lawsuit? Are you a lawyer shouldering litigation costs while representing a client who suffered a TBI? Contact us at Rockpoint Legal Funding to learn more about our quick, convenient, and transparent non-recourse personal injury loans.
Call (855) 591-2489 or complete our quick online form for a free case evaluation to get started today.
