Plaintiff financing from a pre settlement funding company can be a saving grace for those who can’t wait for their pending lawsuit to settle. It’s no secret that a typical accident case will take months or even years to settle, causing many people to settle for the first amount they hear.
Glazed with frustration, one of the most common questions we get at Legal Capital Corp is, “Why is my pending lawsuit taking so long to settle?”
Insurance companies are trying to prolong your pending lawsuit.
The major reason your pending lawsuit is taking so long to settle is most likely because insurance companies purposefully trying to delay the process. The company you are suing will most likely try to hold out on settling the case for as long as possible so you, the plaintiff will be under so much financial pressure that you’ll settle for the first lowball offer they throw at you.
Get plaintiff financing to avoid the pressure.
You can avoid feeling the financial pressure the insurance company is trying to burden you with by acquiring plaintiff financing now from a pre settlement funding company. You’ll pay it back when you eventually get you settlement (and you won’t have to pay it back if you don’t win).
Sometimes there are not enough judges to review your pending lawsuit.
If the insurance company isn’t just trying to drag out your pending lawsuit, the reason it might be taking so long could be because they simply do not have enough judges to get your accident case passed along. You might end up receiving a date for trail over a year after your lawsuit is filed.
Knowing when your trial date is will help you decide if you’ll want plaintiff financing.
File your lawsuit right away so you can start to figure out a ballpark estimate of when you’ll receive your settlement money. Know that the insurance company won’t settle your case until you get to trial so you know you’ll at least need to wait that long until you get your settlement. Use this date to determine if you should contact a pre settlement funding company. If the date is longer than a few months away you should consider applying for plaintiff financing.
A cash advance on your pending lawsuit will hold you over financially until your case finally settles. It will keep the pressure on you down, which could wind up getting you a bigger settlement in the end.