When a preventable accident happens and someone is injured, personal injury law gives them the opportunity to seek compensation for their losses. While this process can result in monetary recovery for injured victims, it can take a long time to reach the finish line. While legal representatives work diligently to build and prove lawsuits, plaintiffs are often left to wait out the process. Depending on their situation and injuries, they may not be able to return to work for some time. As a result, it’s not uncommon for plaintiffs to experience financial trouble during the pursuit of a lawsuit. Fortunately, there are funding options.
While you may automatically think of personal loans and banks when you think about borrowing money, that is not the only option for those in the midst of a legal battle. Lawsuit funding exists specifically to help personal injury victims stay on their feet while pursuing a case. When you seek pre-settlement funding, you could have access to the money you need in only a short amount of time. One of the first questions you probably have, however, is how repayment works.