How Lawsuit Funding Can Help Plaintiffs Avoid Settling Too Early

Disclaimer: Consumer legal fundings and advances are not loans under applicable financing laws. Rockpoint’s products are non-recourse, meaning if you don’t win your case, you don’t have to pay us back. Receiving financial support in connection with a legal case is typically (and oftentimes incorrectly) referred to as a “lawsuit loan” or “loan.” Therefore, for the ease of search references, these terms may be used in this context to refer to our funding products, but we maintain our separateness from consumer loan products in all legal aspects.

If you are pursuing a personal injury lawsuit, expect that your case might settle out of court. As many as 95% of all personal injury claims never make it before a judge; instead, both parties reach an agreement outside the courtroom, with the defendant offering to pay the plaintiff a certain amount of money.

Settling can streamline the case and put money in your pocket faster, but you must be careful not to settle too early. Doing so could result in you losing out on a significant amount of money the defendant rightfully owes you.

Learn how lawsuit funding can help you avoid settling too early, then apply for fast, non-recourse litigation funding today.

Settling Your Case Too Early Can Compromise Your Payout

Settling a personal injury lawsuit for a reasonable amount of money usually requires some back-and-forth communication with the defendant. The defendant’s first settlement offer probably won’t be the highest they are willing to go. With the help of a skilled attorney, you can negotiate a higher offer.

Maximizing compensation is important to your ability to move forward after a serious accident. That’s why settling a case too early may be detrimental.

If you accept the first settlement offer, you risk missing out on additional funds the defendant may have offered had you negotiated. This loss could equate to thousands of dollars you could have used toward medical bills, time off work, or even a vacation with your family.

Setting up shop early may be tempting if you are experiencing financial hardship while awaiting your payout. However, with non-recourse financing, you can gain peace of mind and continue negotiating while waiting for the highest compensation offer.

How Can Lawsuit Funding Help You Avoid Settling Early?

Legal advance funding can give you more breathing room during settlement negotiations in pursuit of maximum compensation. These are a few ways pre-settlement funding can help you avoid settling early.

Gives You Financial Resources To Continue Pursuing Legal Action

One reason you may feel tempted to settle early is because you can no longer afford your attorney’s fees. Alternatively, maybe you have taken time off work to attend settlement negotiations and don’t have the funds to continue missing paychecks.

Seeking plaintiff support can supply you with the financial resources necessary to continue pursuing legal action. If the defendant refuses to provide a reasonable settlement offer, you’ll have the freedom to pursue a court case without worrying about how you will make ends meet in the meantime.

Pre-settlement funding is also available to attorneys; your lawyer may seek this funding to continue supporting your case if you cannot pay legal expenses up front.

Takes Care of Medical Needs and Other Expenses

If you are seeking compensation after a personal injury, you likely have ongoing medical expenses that are burdening you financially. You shouldn’t have to choose between paying medical bills and continuing settlement negotiations with the defendant.

With lawsuit funding, you can take care of your financial needs while taking the necessary steps to maximize your payout. Use these funds to purchase medical equipment, pay insurance copays, avoid late fees on medical bills, and address other pressing expenses.

Relieves Financial Stress During the Legal Process

If you feel stressed by financial burdens during settlement negotiations, you may not have the mental capacity to continue negotiating beyond the first or second settlement offer. The allure of accepting the settlement and relieving financial stressors may be too tempting.

You can relieve financial burdens by seeking litigation funding and continue negotiating for a higher offer. The increase to the final settlement can offset the fees you will pay for this cash advance.

Eliminates the Time Crunch in Your Case

You shouldn’t feel tempted to rush a personal injury case just because you need money now. Civil lawsuits can take months or even years to run their course. This time is often necessary for an attorney to collect evidence that supports the case, communicate with the defendant and their legal team, and prove the case value.

If you have already drained your bank account and are paying upfront costs related to the accident, you may want to rush through the legal process to avoid further financial difficulties. Legal funding lets you eliminate this time crunch by supplying the funds you need to sustain yourself throughout the lawsuit.

Removes the Pressure of Settling Early

All in all, lawsuit funding eliminates the pressure you may feel to settle too early in a personal injury lawsuit. You won’t have any good reason to accept the first settlement offer instead of negotiating for a higher one. This gives you significant power to continue fighting for an offer that better meets your financial needs.

Seek Fast Lawsuit Funding From Rockpoint Legal Funding

Applying for lawsuit funding is a fast, risk-free way to instill peace of mind during the settlement process and help you avoid settling early. With Rockpoint Legal Funding, you can seek a non-recourse cash advance on the eventual settlement. You won’t owe any money until or unless you settle, meaning you can avoid the stress of monthly loan payments in the meantime.

Should your case end without you receiving any compensation, we will not expect you to repay the loan. Often, the additional funds you receive from further negotiations more than cover our lawsuit financing fees.

Are you ready to apply for lawsuit funding? Contact Rockpoint Legal Funding today at 855-582-9200 or fill out our online form to submit your case for review.