Limb loss is a devastating injury that changes your entire life. You may struggle to adapt to a new routine and deal with never-ending medical bills, all while you’re unable to work. Or perhaps you’re a personal injury lawyer representing people in these types of difficult situations.
Whether you’re a plaintiff or an attorney, amputation lawsuit funding can be a game-changer for personal injury cases. A pre-settlement loan gives you financial breathing room while you negotiate with insurers or navigate the court system.
What Is Amputation Lawsuit Funding?
Amputation lawsuit funding is a type of personal injury settlement loan available for people after limb loss and attorneys representing them. This quick, non-recourse funding delivers cash to people who struggle with expenses after a life-altering injury that caused them to lose a hand, arm, leg, or foot.
After someone suffers a serious injury, they typically start working with a lawyer to file a claim against the liable insurance company. They need to gather medical documentation, prove the extent of their injuries, and showcase how their condition affects their daily life and future employability.
Their attorney must negotiate with insurance adjusters, who often try to dodge responsibility or minimize payouts. This process could take months, if not years.
During this time, expenses keep mounting. The injured person must pay their medical bills, equip their house to accommodate their condition, and cover ongoing living costs. Amputation lawsuit funding can provide the cash the accident survivor needs until their case settles.
Who Could Qualify for Amputation Lawsuit Funding?
You could qualify for a pre-settlement loan with Rockpoint Legal Funding if you suffered limb loss or are an attorney representing someone after an accident that led to amputation. This could apply to different situations, such as:
- Car accidents
- Workplace accidents
- Medical negligence
- Defective products
If you aren’t sure whether you’re eligible for pre-settlement funding, contact us for a quick case review.
How Pre-Settlement Funding Helps People After Limb Loss
If you lost a limb in a serious accident or because of medical malpractice, it may be obvious to you that you’re entitled to compensation. Your medical documentation is in place and an experienced attorney says you have a strong case, so you expect your claim to settle quickly.
Instead, difficulties and delays arise. Insurance companies drag their feet, deny responsibility, or try to prove that pre-existing health issues worsened your condition.
The insurer will often make a quick lowball offer that doesn’t cover all your losses. You then may consider accepting it because of your vulnerable situation. You need cash to cover your medical costs and other expenses.
Amputation lawsuit funding can help you make optimal decisions throughout your case without financial pressure. You shouldn’t have to accept an inadequate settlement just because you’re running out of funds and can’t afford to keep negotiating.
Litigation Funding for Personal Injury Law Firms
As a personal injury lawyer, your job is to fight for your clients’ rights. Sometimes, this involves lengthy back-and-forth negotiations or litigating a case if the liable insurance company fails to provide a reasonable settlement offer.
However, when a case takes longer than expected, it puts a financial strain on both you and the client. Personal injury law firms typically work on a contingency basis, so you will collect no payout until you settle the case. Meanwhile, your client may hesitate to move forward with a lawsuit, because it would mean a significant delay in accessing the funds they need.
Amputation lawsuit funding can give your law firm a tremendous advantage. With litigation funding, you can cover litigation costs and provide financial assistance to your clients while you move their cases forward. This removes the pressure of settling a case quickly and helps your firm become more competitive.
How Pre-Settlement Funding Works
Our amputation lawsuit funding process is quick and straightforward. Non-recourse loan approvals through Rockpoint Legal Funding follow these steps.
- Applying for funding online. It only takes a few minutes and costs nothing. If you decide not to proceed with the loan, you can back out at any point before accepting an agreement.
- Case review. This may involve looking into your medical documentation and talking to your lawyer. We’ll evaluate how likely you are to win and what settlement you may collect.
- Making an offer. We’ll let you know whether you qualify for a pre-settlement loan and how much funding we may provide.
- Finalizing the agreement. Once you accept the funding terms, we can forward the money quickly, possibly within 24 hours.
You can then use the funds as needed, whether to cover medical bills, living costs, or other expenses. You don’t need to worry about repayment until your case settles. Once you collect your settlement or award, you repay the legal loan.
What’s the Difference Between Pre-Settlement Funding and a Conventional Loan?
Pre-settlement funding isn’t a loan in the traditional sense. It’s more like an advance against part of the settlement funds we estimate you will gain when your case resolves. You only repay the loan plus associated fees if and when you win the case.
Moreover, unlike traditional loans, pre-settlement loans through Rockpoint Legal Funding don’t involve credit checks or providing collateral.
What If You Lose the Case?
It’s simple: if you lose the case, you won’t have to pay back your pre-settlement loan. That’s why applying for a legal loan through Rockpoint Legal Funding is 100% risk-free. When we approve you for a non-recourse loan, you can move forward with full peace of mind knowing that you only pay back if you win.
Call Rockpoint Legal Funding Today for More Information About Pre-Settlement Funding
Are you struggling with medical and living expenses during an amputation lawsuit? Are you an attorney representing a client throughout a complicated accident case? At Rockpoint Legal Funding, we make your life easier by providing fast, non-recourse legal loans. Apply today and gain the assistance you need to stay financially comfortable until your case resolves.
Call (855) 725-1187 or contact us online for more information about amputation lawsuit funding.
