What to Do If You Need Funding for A Car Accident Case in Georgia

February 2, 2024
2 mins read

The hardships associated with a car accident can be harsh. Not being able to work due to a personal injury is a hardship that’s more common than many people realize. There are several personal injury suits filed yearly in the state of Georgia. So what happens when you need funding before your claim settles?

When the time is right for you to look into funding for a car accident case, personal injury law professionals suggest using a Pre-Settlement Lawsuit Loan in Georgia. Experienced financial legal services providers can get you set up to apply for funding through an application process that’s quick and easy. There’s no need to suffer any more than you have to while awaiting your car accident claim payout. Get your funds today.

What is Pre-Settlement Funding?

Pre-settlement funding is a financial service offered to personal injury victims. When the claimant in a personal injury case is awaiting a payout from a settlement or judgment, they can apply for an advance from a pre-settlement lender to help ease their financial burdens. This type of funding is provided by a private, third-party servicer, and doesn’t involve creditors.

Pre-Settlement Advances

Pre-settlement advances are the result of an arrangement between a third-party service provider and the claimant in a personal injury suit. The advance is a non-recourse arrangement, meaning that recipients aren’t required to pay back the money unless they receive a payout from a settlement or a judgment. 

How Long Do They Take?

Pre-settlement advances are generally quick procedures. It’s not unusual for the money to be transferred into the applicant’s account within 24 hours of approval. While there’s no guarantee that this will be the case for everyone, a speedy turnaround is one of the advantages these business models are known for.

How Much Can I Borrow?  

How much can be borrowed depends on the details of your case and the discretion of the service provider. Typically, the minimum amount starts at around $1500, and maximums can be north of $10,000. However, it’s recommended that you only borrow less than what you expect to win in your case. 

How Much Can I Borrow?

If you’ve been injured in a car accident, and need funding to keep you afloat while you await financial recuperation, then a pre-settlement loan can be a huge blessing. Although legal and financial systems have considerable risks, it’s great that personal injury victims can get financial remuneration for their troubles, and it’s their right to do so under Georgia’s legal system. 

Professional financial services can help you get an understanding of how much you may want to borrow, what to expect from your case, and know exactly when your GA pre-settlement funding needs to be paid back. Car accidents can cause serious financial strain for GA crash victims. 

When accident injury victims have to miss work, experience unexpected medical expenses, car repairs, or any other financial obligations, it can be difficult. Pre-settlement funding can eliminate those issues and provide relief. 

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