How Lawsuit Financing Can Influence Legal Strategies

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.

Are you preparing to file a personal injury lawsuit? Even if all the evidence you’ve gathered seems to be on your side, the average personal injury lawsuit will typically take at least a year, if not multiple years, to play out. Lawsuit loan services can bridge the gap between when you file your lawsuit and when you resolve it to keep your financial situation manageable.

You can use lawsuit financing to cover medical bills, lost wages, and legal expenses. You can also utilize litigation funding to improve your legal strategies as you begin building a personal injury case. Find out how lawsuit financing can influence your legal strategies and strengthen them below to determine whether it may be the right option.

Helps You File a Lawsuit in the First Place

If you don’t have much money right now, the thought of filing a personal injury lawsuit might feel overwhelming, to say the least. You may wonder how you will ever gather enough resources to take legal action against someone without the necessary funds. You might even decide against doing it for financial reasons.

Fortunately, you shouldn’t encounter many upfront costs when filing a personal injury lawsuit. Personal injury lawyers tend to charge contingency fees, which means they won’t collect payments unless their clients win settlements or judgments.

Still, you’ll like knowing that you have lawsuit financing available when you file a personal injury lawsuit. This will provide you with the necessary funding to cover legal-related costs, such as court fees. This will also provide something as simple as gas money to travel to and from a personal injury lawyer’s office.

Provides Leverage During Lawsuit Settlement Negotiations

The majority of personal injury lawsuits don’t end up making it to courtrooms. More often than not, they’re settled outside of court. Over 90% of personal injury lawsuit plaintiffs agree to settlements in their cases.

However, not every plaintiff walks away with enough money from a settlement to cover medical bills, lost wages, and other expenses. Some feel they have no choice but to settle for less money than they’d like to avoid long, drawn-out negotiations.

You won’t have to worry about doing this when you apply for and receive lawsuit financing. You can let your personal injury lawyer know you’d like to take your time when negotiating with the defendant in your case. You can hold out until you receive the settlement quality you’re looking for.

Increases the Value of a Lawsuit Claim

Did you know you might have the chance to increase the value of a lawsuit claim by continuing to see a doctor during your legal proceedings? If they spot new signs of accident-related injuries requiring more treatment than anticipated, you have the right to recalculate the value of your lawsuit claim.

You can put yourself in a position to fight for thousands of extra dollars when you apply for lawsuit financing and use your funds to keep accessing medical care. You can also look into investing in rehabilitation services and other medical options when you have the extra plaintiff support that litigation financing can bring.

Reduces Risk As You File a Lawsuit

Filing a lawsuit in a personal injury case usually requires taking on at least some level of risk. This is especially true for those who spend their fair share of money during personal injury lawsuits with the expectation that they’ll earn some of it back through either a settlement or judgment.

Applying for lawsuit financing is a great example of a risk mitigation tool you can use during your legal proceedings. It’s a form of non-recourse funding, so you won’t have to pay it back if your personal injury case isn’t ultimately successful.

This gives lawsuit funding a competitive edge over the loans you can procure through traditional banks and other lenders. Those types of loans will need to be paid back regardless of the outcome of your case.

Makes Filing a Lawsuit Less Stressful Overall

Unfortunately, there is no surefire way to eliminate all the stress that comes with filing a personal injury lawsuit. You’ll always have to deal with at least a little stress as you work your way through the process of taking legal action against a defendant.

However, you can minimize the stress of filing a personal injury lawsuit by using lawsuit financing to your advantage. You can use lawsuit settlement loans to pay for:

• Your mortgage or rent
• Your medical care
• Your car
• Your groceries
• Your utility bills
• Other everyday expenses

You’ll find that filing a personal injury lawsuit won’t include as much stress when you have the finances to focus on it. You won’t have to constantly worry about how you’ll pay for certain expenses when you have enough money set aside to last the duration of your lawsuit.

Look Into the Lawsuit Financing That Rockpoint Legal Funding Can Provide During Your Case

At Rockpoint Legal Funding, we can provide you with the lawsuit financing you need to navigate the legal system without all the usual anxiety that comes with this process. Whether you’re prepared to take out a lawsuit loan now or still wondering, “What are lawsuit loans?” you can rely on us to deliver the litigation funding you’re looking for. It shouldn’t take too long to see what has made this type of funding a useful financial tool for so many people filing personal injury lawsuits.

Call us at (855) 542-8992 today to explore your options.