The coronavirus is affecting every aspect of our society. Especially vulnerable are those clients who are struggling financially while waiting for their personal injury case to settle. If the coronavirus crisis continues even for a few more weeks, it will compound the financial hardship. Strict governmental restrictions, such as Los Angeles Mayor Eric Garcetti’s directive on Sunday, March 15 to […]
Insurance companies are eager to settle their cases by the end of the year. During the holidays, Rockpoint Legal Funding sees many cases settle, but there’s often a lag time between when cases settle and when clients receive their funds. This lag time can sometimes be as long as 6 months. Until their settlement funds arrive, injured clients and their […]
In business, performance and reputation are everything. This is particularly true in when it comes to pre-settlement funding. No attorney wants to worry that the funding company it entrusts to help an injured client will not deliver a high level of service. Attorneys rely on funding companies to provide clients fast access to funds to pay immediate and ongoing expenses. […]
Personal injury clients often receive solicitations from companies offering “lawsuit loans” or “litigation financing.” In fact, “loans” and “financing” are incorrect terms for most funding associated with personal injury cases. This can lead to confusion by clients as to what kind of funding they are actually receiving. Why does terminology matter? Most people know what it takes to apply for […]
We see it almost daily on the evening news—a driver runs into another vehicle and flees the scene. The injured party and family are often left with large medical and vehicle repair bills with no means to pay them. Background. Hit and run accidents are a specialized form of personal injury. Because it is clear that the victim (plaintiff) is […]
A drunk driver, headed the wrong way on the freeway, collides head-on with a 38-year-old mother of three. The drunk driver survives, but the woman dies instantly. Her grieving husband, faced with raising three kids on his own, must now also worry about paying for his wife’s funeral costs. Since he doesn’t have the more than $10,000 needed to cover […]
When an individual is injured and money is scarce, accepting a settlement offer from an insurance company for less than what the case is worth can be tempting. If the injured plaintiff is unable to work, savings accounts are tapped out and credit cards are at their limit, what alternative is left? Unfortunately, too many insurance companies count on this […]
For injured clients who can’t work and are unable to pay their bills, the last thing they often expect is to be able to successfully secure funding to hold them over until their case settles. After all, what lender would loan money to someone with little or no cash reserves, a potentially declining credit score and who may be out […]
It happens to just about everyone–spend too much during the holidays for gifts, food, travel and other out-of-the-ordinary expenses–and one can find themselves facing mounting bills in January. For clients who cannot work because of an accident or injury, paying those holiday bills can be even more difficult. Keep Collection Agencies Away. If your clients find themselves unable to pay […]
The holidays are here. It’s a time when family and friends gather to celebrate the season. Unfortunately, for those injured in an auto or premise injury, the holidays — and the expenses associated with them — can be overwhelming. If your client is injured through no fault of their own, waiting for a settlement payout during this time of year […]