What if I Need Money Before My Case Settles?

There are a variety of outcomes of Marietta personal injury claims, including a trial verdict, dismissal, or settlement. Most Georgians don't realize that over 80 percent of all litigation results in settlement prior to a jury verdict. Experienced injury lawyers understand that it is often in the best interest of clients to settle a claim outside of court, as the fees associated with a jury trial can rapidly become overwhelming. Settlement is often a result due to the unpredictability of jury members and their verdicts. Many times cases will settle because both parties are unsure of how members of a jury will assess the case.

Regardless of whether a case is settled outside court or a verdict is made by a jury, Georgia personal injury claims can take months or even years before providing funds to injured parties. While some victims can afford expenses while waiting for compensation from their claim, many cannot. Injuries as a result of a metro-Atlanta auto accident, slip and fall, or other incident often leave victims with high medical expenses, lost wages, and physical impairment. These high bills and lack of income from work often lead to plaintiffs worrying about how to pay bills and live their day to day lives.

Fortunately, there are many companies that offer pre-settlement funding services. These companies' goals include aiding plaintiffs through the process of litigation so that they are not forced to take an early settlement. These early settlements amounts are usually much less than possible if the case were able to fully mature into a full settlement. Many of our clients at Jones & Swanson worry about their reputations when they consider pre-settlement funding, but we urge you to feel no shame. Most Georgians cannot afford to continue paying bills while out of work, so pre-settlement funding may be beneficial to you. Some advantages of pre-settlement funding include:

  • Non-recourse funding, which means that repayment is usually required only upon the success of your case.
  • Advances are quick, many times occurring the same day as application.
  • Pre-settlement funding companies work through your attorney, so you should be able to ask your lawyer questions and they can help guide you through the process.
  • Fast approvals.
  • No repayments required until settlement of your injury claim.
  • Repayments will come from your Georgia personal injury settlement.

While pre-settlement funding is an excellent resource for those who have been injured in a personal injury incident and truly need the funds, it is not something that every personal injury client should take on. Pre-settlement funding companies should only be considered in emergency situations where a loan is absolutely necessary. These funding sources are available to help victims avoid monetary adversity such as evictions, foreclosures, bankruptcy, or ruined credit. The fees and rates associated with this process can add up very quickly and should not be taken lightly. Applicants for pre-settlement funding should ensure that they have no other financial options before starting the application process.

If you or someone you know have been injured as a result of someone else's negligence, contact Jones & Swanson today for a free consultation and affordable representation. Our attorneys have over 40 years of combined experience in the personal injury litigation field and understand the law. We want to help in any way possible. If you have questions about a claim or pre-settlement funding, call our office at (770) 427-5498. We will be happy to help.