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Author: karan k

How is The Value of a Personal Injury Lawsuit Determined?

Posted on by karan k

If you are thinking of filing a personal injury lawsuit, the biggest question in your mind is probably, “how much is my case worth?” The answer to this question depends on which state you live in because state laws vary when it comes to calculating damages.

Generally speaking, you can be compensated for economic and non-economic damages. Economic damages refer to the compensation for monetary losses, such as hospital bills, lost wages, rehabilitative treatment in the future, loss of earning capacity, and property damage.

Non-economic damages, on the other hand, refer to compensation for losses that cannot be quantified in monetary terms. These are subjective in nature, such as emotional distress, pain and suffering, loss of enjoyment of life, and loss of companionship.

If you are involved in a lawsuit in which you expect a sizable settlement, you can obtain pre-settlement funding, which is essentially a cash advance on the funds you will eventually receive. Lawsuit settlement loans are non-recourse in nature, which means your lawsuit advance does not need to be paid back if you don’t win your case.

Key Factors that Help Calculate Your Lawsuit Settlement Amount

There are several different factors that are considered when valuing personal injury cases. The insurance company is required to compensate the injured claimant for lost income, medical treatment, any permanent disfigurement and disability, property damage, and pain and suffering.  

If you are considering a pre-settlement loan, bear in mind that a standard settlement package is supposed to be based on certain documents to help with the negotiating and settling of the claim. These include:

Medical Records and Bills

This provides the most definitive proof of your injuries and the severity of them. You (or your attorney, to be more precise) should include these documents in every settlement package. Failure to do so will result in the insurance company severely undervaluing your case.

A skilled personal injury attorney can also hire medical experts to estimate your long-term medical costs, physical therapy, and rehab expenses, and the future cost of ongoing medications, assistive devices, and so forth. This will raise the value of your claim and any pre-settlement lawsuit funding that you receive. 

Lost Wages

Apart from suffering physical injuries, an injured plaintiff can also receive compensation for lost income due to these injuries. To pay money for the lost wages, the insurance company usually needs documentation from your employer showing the time you missed following the accident, as well as medical records that support the fact that you missed work. If you have suffered a long-term full or partial disability, your attorney will also include the future loss of income in your claim.

Property Damage

This is the simplest one to calculate. A lot of the time, the property damage claim is settled prior to all other claims, however, if it’s not resolved early on, it should definitely be included in your settlement package. If your car or bike was damaged in a crash, take it to the repairs and include that bill for this part.

Pain and Suffering

This refers to the physical, mental, emotional, and psychological pain and suffering that you may have endured due to your accident. Unless you are a trained legal professional, it’s virtually impossible for you to determine a proper value for this claim.

If you have significant pain and suffering that did not resolve within a few weeks of the accident, it’s recommended to seek legal representation (if you haven’t already). In personal injury cases, pain and suffering are usually the largest financial component for damages.

A sizable pain and suffering award can greatly enhance the amount of pre-settlement funding you may qualify for. Whether you are interested in a car accident loan, construction accident loan, or any other type of lawsuit advance, working with an experienced attorney is extremely important in ensuring that you obtain the maximum amount of compensation.

Loss of Enjoyment of Life

This refers to the inability to do things that you once enjoyed doing before the accident. Again, only a skilled lawyer can accurately determine the monetary value of this type of subjective loss and thus how much this portion of your settlement will add to your available lawsuit funding.

Factors may include:

  • Work activities (like driving yourself to and from work)
  • Domestic and household activities (like doing the laundry or picking up your child in your arms) 
  • Studies/educational activities
  • Sports activities (like working out or playing badminton)
  • Hobby activities (like gardening or yoga)
  • Traveling
  • Social activities (like going out with friends)

Determining Damages in Car Accident Cases

There are many types of personal injury cases – vehicle collision, workplace accidents, product liability, premises liability, animal bites, medical malpractice, police brutality, and so on. The most common of these is car accidents.

In these cases, there are three types of damages:

  • The damage to the car
  • The damage to the people in the car; and
  • The damage to the property inside the car

Most often than not, the insurance companies only pay for the damages to the vehicle. If your car was completely totaled in the accident, insurance is legally obligated to pay for the car’s value. They shy away from paying for anything that was damaged inside the vehicle.

Car Seats

If you didn’t know this already, let us remind you: insurance companies want to pay you as little as possible for whatever damage anyone inflicted on you and your property. This is why even though car seats are one of the most common things that get damaged in an accident, insurance providers try to get out of paying for them.

But regardless of which state you live in, you have the right to be compensated for them by the at-fault party’s insurer. Also, if they say they will pay you a “diminished value” for the car seats, don’t buy them.

A skilled attorney will make them pay for it all. And just imagine, if they are trying to nickel-and-dime you on the value of your car, how are they going to treat your medical bills? With an experienced attorney in your corner, you will be in position to maximize your settlement, which will qualify you for a sizable car accident loan in case you need some funds to get by until you receive your settlement.

Get a Lawsuit Advance to Fund Your Injury Claim and Ease Your Financial Situation

Even if you have a good lawyer and a compelling personal injury case, the wheels of justice turn slowly. Your injury case could take several months or even years to reach a resolution. Unless you have large alternative sources of income or significant family wealth available to take care of you, you’re probably going to have a tough time paying your bills.

At Direct Legal Funding, we offer low-interest lawsuit settlement loans to personal injury case plaintiffs to help them with finances until they receive a fair settlement offer or verdict. If you’re thinking of filing a claim and need pre-settlement funding to help pay your mortgage, rent, utility bills, hospital bills, groceries, credit card payments, or anything else, we are here to help.

Our lawsuit funding application process is very straightforward – you can fill out the application in as little as 5 minutes, after which we will work with your attorney to handle the rest. If approved, you could have the lawsuit advance in your bank account within 24 hours. If you have any questions or concerns, don’t hesitate to reach out to our knowledgeable team online or call us at 866-941-5588.

How is a Lawsuit Loan Different from a Traditional Loan? 

Posted on by karan k

A traditional loan works on the principles of debt finance. For example, let’s say you borrow $100,000 from a bank to buy a house and you agree to pay 10% interest on the capital. This means you’ll pay $10,000 per year in interest. But the bank will also want some security against this loan. This is to offer protection if you cannot pay the loan back.

In the case of buying a property, the security will be against the property, so if you don’t keep up with the payments of the mortgage, the bank has the right to step in and repossess the property, which they would then sell in order to recoup their money.

In this traditional approach, you would go to the bank and ask them to lend you the money. But we all know it’s not that easy.

You have to be qualified by the bank. And banks are risk averse. So, you have to show them your credit score, your salary, your current assets and liabilities, your horoscope, etc. We are only kidding about the horoscope, but you get the idea.

Where the traditional loan providers have failed, lawsuit funding firms have stepped in and come through for personal injury victims who are short of cash.

In the case of a traditional home loan from a bank, the loan is secured against the house. In the case of a lawsuit settlement loan, the cash advance is secured through a lien on the future financial award you might win. So, if you lose the case, we will not require you to repay the money back.

As we mentioned earlier, pre-settlement funding transactions are not actually loans. The repayment only happens if the client (plaintiff) receives a favorable settlement or jury award.

How to Qualify for a Lawsuit Loan? 

To be eligible, you must have:

  • A viable personal injury claim with merit
  • Be represented by a lawyer on a contingency fee basis
  • The defendant must have the ability to pay your damages (i.e., they must be insured)

Once all these three criteria are met, you can be considered eligible.

To qualify, it must be obvious that the defendant(s) has a strong liability for causing your injuries and/or property damage. They should also be financially able to pay for those damages.

And the attorney you’ve hired for your personal injury case must be on a contingency fee basis. This means they must be compensated from the proceeds of the case only. 

Other than this, there’s nothing else you need to worry about. We can’t talk about other providers, but here at Direct Legal Funding, we don’t care if you have bad credit or you haven’t had a job for years. As long as you have a solid case and a contingency-fee-based lawyer to represent you, you’re a good candidate for lawsuit funding.

What is the Process of Obtaining a Lawsuit Settlement Loan?

Here’s what a typical process looks like:

Step 1: It all begins with an email, phone call, or website.

Most lending providers have their loan application forms listed on their websites. You can fill it out for free. You can also call them or email them to start the application process.

Next, the lawsuit advance provider will contact you to double-check that you meet the pre-qualification criteria as mentioned above.

Once they determine that you are eligible, they will then move forward and request your case details from your attorney (after getting your consent, of course). You – the plaintiff – must provide authorization for your lawyer to give us the case records.

Step 2: Your case is reviewed

The underwriters at the pre-settlement funding firm will start by examining all the documents pertaining to your case and will speak with your lawyer to address any additional issues or concerns.

During this step, we consider all the information we have collected from your lawyer, including damages, liability, and the defendant’s ability to pay. Based on everything we have, we will approve, deny, or postpone the decision (subject to further documentation/information).

Step 3: Sign the contract and take the money

If you are approved, we will send a contract to be signed by you and your lawyer. As soon as you sign this document (electronically), we will send you the funds in as little as 24 hours.

How to Improve Your Chances of Approval?

The following tips will help you ensure that your application gets approved:

Keep the Necessary Paperwork Ready: The very first step in getting your application approved is getting the requested documents on your case. Cases where the client is proactive in helping with the gathering of this paperwork, have a much higher probability of approval. Remember, this is your case. You have every right to request documents on your case file from your lawyer.

Here is the list of documents our Direct Legal Funding underwriters like to review when assessing a case:

  • Accident report, police report, or incident report
  • Medical records regarding the accident and subsequent treatment
  • Insurance coverage for the defendant
  • Cope of the lawsuit (complaint) if already filed
  • Witness statements
  • Settlement demands and settlement offers
  • Expert reports, analyses, or investigative reports
  • Pay-off information (this means any previous lawsuit loans you have received on the case)

Attorney Cooperation is Key: For us to fund your claim, we need the cooperation of your lawyer. Once you have decided to get a lawsuit settlement loan, your attorney’s participation is necessary for getting your application approved.

Here’s what your attorney must do:

  • Provide the requested documentation regarding your case
  • Answer any questions we (the loan provider) may have
  • Sign the contract (if the application is approved)

Direct Legal Funding: The Reliable Partner You Need for No-Risk Lawsuit Loans

If your case is taking longer than expected to settle or goes to trial, you may experience financial difficulties which add pressure to settle your case prematurely for less than its full value. Direct Legal Funding is here to level the playing field so you get the opportunity to settle on your own terms.

Have any questions about pre-settlement loans? Feel free to call us at 866-941-5588 or get in touch with us online. If you’ve already talked to your lawyer about it, fill out this application form and get ready to receive your advance in about 24 hours.

When Should You Apply for An Auto Accident Lawsuit Loan?

Posted on by karan k

According to the National Highway Traffic Administration, vehicular collisions happen almost every 60 seconds in the United States. Some of these accidents cause minor property or personal injuries, but others can cause severe or permanent damage. If you’ve been involved in an auto accident with claims of liability against another party, the chances are that you know how taxing it is. Here is where auto accident lawsuit loans come in.

An auto accident lawsuit loan is given to plaintiffs who have been victims of or are involved in auto accidents. It usually takes eight to 16 months for a plaintiff to receive a settlement, and it can drag on up to several years, especially if the damages sustained are considered severe. In some situations, victims become unable to work or tend to daily needs and chores because of injuries. That is why many choose to apply for lawsuit loans to cushion litigation, medical, and other general living expenses.

What Are the Benefits of Having An Auto Accident Lawsuit Loan?

Auto accident lawsuit loans are meant to assist with your financial needs while waiting for settlement. They are easy to apply for, and the loan size largely depends on the claims and projected settlement amount. It also comes with several benefits.

The Funding Can Afford You More Time to Fight for Fairer Settlement

Plaintiffs who find themselves strapped for cash after vehicular accidents often agree to mediocre settlements. It mainly happens when insurance companies, defendants, and opposing lawyers attempt to stall the process. They know that the longer it takes to close the case, the more money the plaintiff needs to stay afloat, forcing a quick and low settlement to bounce back from financial pressures. Proper funding through auto accident lawsuit loans will allow you and your lawyer time and resources to build a stronger case and win a more significant settlement amount.

The Loans Are Non-Recourse and Pose No Risk to Your Assets

Auto accident lawsuit loans are considered pre-settlement legal funding, so they cannot affect your existing assets or money. Think of it as an advance to your settlement cash. It is non-recourse, meaning should you lose the case, you are under no obligation to repay the loan to the funding company. Additionally, these types of loans do not look at your credit rating and cannot affect your credit score. Your employment also won’t affect the application process since no monthly deposits are involved. The funding company will take the entirety of your payment out of the settlement you acquire.

The Application Process Is Easy, and You Can Get the Cash Within 24 Hours

It’s easy to apply for an auto accident lawsuit loan as long as you qualify and meet the requirements. You only have to choose a funding company and fill out an application form. The funding company will then reach out to your lawyer to process the necessary documents and vet your case. Once your application is verified and granted, your attorney will sign the contract, and you can receive the cash within 24 hours. With Direct Legal Funding, we can wire the money via bank transfer, an overnight check, or through Western Union.

How Much Will An Auto Accident Lawsuit Loan Cost You?

Lawsuit loans do not charge you anything upfront. You will pay only if you win the settlement case, and the terms of your repayment are always outlined in the contract you and your lawyer will sign with the funding company. At Direct Legal Funding, we offer guaranteed lowest rates – the lowest anywhere in the country. We also structure interest rates per client, depending on what suits your needs the best. As a rule of thumb, you should thoroughly discuss the terms of your loan with your attorney and take out no more than what you need so that you can avoid future financial problems.

How Can You Use An Auto Accident Lawsuit Loan?

Victims of vehicular accidents can often sustain minor to severe personal injuries or damages to property. That alone can cause significant financial setbacks, on top of the legal fees you would have to settle. Auto accident lawsuit loans have broad coverage that can help you get back on your feet. Some of the ways you can use your funding are:

  • Hospital bills and medication
  • Vehicle repairs or replacement
  • Compensation for wages lost
  • Mortgage or rent payment
  • Child support or school payments
  • Daily living expenses and utility bills

Are You Eligible for An Auto Accident Lawsuit Loan?

It is vital to discuss your settlement claims and the terms of your auto accident lawsuit loan with your attorney before application and processing. Once you’ve done that, the requirements and qualifications are straightforward. If you’re over 18 years old with a legal attorney hired on a contingency basis, have an ongoing settlement case or a case waiting to be filed, and can present a valid claim against a self-insured entity or insurance company, you’re eligible for a lawsuit loan.

The only verification a funding company will need is liability and damages. Are there property damages or mental or physical injuries sustained? Did you experience a loss of wages due to the accident? Is there proof that the defendant (with insurance coverage) can be held accountable for the said damages? If the answer to these questions is yes, you can immediately qualify for a lawsuit loan. The amount of the loan you can take out will also depend on several factors, including the gravity of injuries or damages sustained and the current or total cost of medical bills related to the accident.

An auto accident lawsuit loan can cover several types of accidents. Here are some:

Semi-truck and commercial vehicle accidents. Since commercial vehicles almost always carry liability coverage of $100,000 or more, applying for an accident cash advance on claims against these entities is easier.

Bus accidents. In claims where the defendant is a bus operator, the liability is apparent, reducing the need for thorough proof of accountability.

Taxi, limousine, or ride service accidents. Big-name private taxi services like Uber and Lyft have $1 million in uninsured motorist and bodily injury coverage, assuring you of unconditional claims.

Bike or pedestrian accidents. Lawsuit loans are tremendously valuable for bicycle or pedestrian accidents since these cases can take years to close due to the large settlement major injuries usually come with.

Private vehicle accidents. If an auto collision with a private vehicle happens, wherein the defendant is insured, you’re eligible for an auto accident lawsuit loan.

What Is the Process for Applying for An Auto Accident Lawsuit Loan?

Taking out an auto accident lawsuit loan with Direct Legal Funding is easy. You only need to fill out an application, and then our team will reach out to your lawyer for verification. Make sure to have your attorney prepare all the necessary documents and information before your application to speed up the approval process. It helps to have all the details of the lawsuit ready, as well as the name of your attorney’s law firm and other contact details. The more we know about the circumstances surrounding your accident and the status of the case, the faster it is for us to assess your claims.

Apply for An Auto Accident Lawsuit Loan and Get Your Cash in 24 Hours!

Vehicular accident cases can be expensive because insurance companies and self-insured entities will likely do their best to lowball your settlement claim or stall the proceedings. Without any financial cushion, you might be tempted to accept low offers and get the process over with to return to your routine. However, that might prove difficult, especially if you’ve sustained significant injuries or damages to property.

Direct Legal Funding can help you fight for fair and proper settlement through our auto accident lawsuit loans with easy application and quick turnaround time! We offer the lowest rates in the country, and our process is built to fit your needs and help you win your case. Apply for an auto accident lawsuit loan now!

Can I Get A Lawsuit Loan On My Settled Roundup Case?

Posted on by karan k


Yes, you can get a lawsuit loan on your settled Roundup lawsuit. This is one of the most common recent queries regarding lawsuit funding in the offices of legal funding companies today.

For example, you are waiting to receive your funds after your case has settled. You still have bills, a family to support, rent, and other living expenses that you need to take care of even after the long pursuit to reach the verdict in your favor.

You can easily qualify to receive part of your settlement in advance before going through the lengthy process of obtaining your lawsuit settlement funds. Direct Legal Funding is now offering a lawsuit cash advance on these settlements. 

What Is The Average Payout For A Roundup Lawsuit? 

According to estimates, the average amount plaintiffs can receive ranges from $50,000 to $250,000 for the damages of those who contracted non-Hodgkin lymphoma or other cancers as a result of using Roundup. The average plaintiff receives, on average, a settlement of $160,000.

Direct Legal funding provides up to 50% of the client’s net settlement from the roundup cases. For example, if you are going to receive $100,000 net, then Direct Legal funding can get you up to $50,000. 

If your case is not settled yet and is still in the litigation process, Direct Legal can still offer you a cash advance on your lawsuit.   The amount will be determined on a case-by-case basis.

How Can I Apply For Roundup Lawsuit Funding? 

You can apply for Roundup lawsuit funding by filling our online application form. Once you contact us by filling out the necessary information, one of our representatives will contact you with the next steps in the process.

You can apply for it by contacting us at 866-941-5588. 

Get Your Roundup Lawsuit Funding Today!


How Can Medical Malpractice Lawsuit Funding Help You?

Posted on by karan k

 

Medical malpractice is among the top reasons causing death in the US. It is a devastating situation that causes a permanent or horrible injury due to the neglect of medical care professionals.

Such an injury can have long-lasting effects on the victim, especially if it was due to the botched surgery. In addition, it can create severe financial strain on the victim and their family. Surgical or medical lawsuit funding can help the victim pursue their case and ease the financial burden.

What Exactly Falls Under Medical Malpractice Injuries?

At times, a medical care professional’s negligence can cause injury that might affect the patient forever. In addition, returning to a normal state can take a significant toll on your emotional, physical, and mental health.

Naturally, these injuries need a higher settlement to satisfy the extent of damage caused due to the extreme disastrous effect of such unfortunate accidents. Therefore, it is not unusual that these settlements are way higher than personal injuries such as falls, slips, or car accidents.

Here’s a list of common medical malpractice incidents that make you eligible to file a lawsuit against the practitioner:

  • Medical negligence.
  • Incorrect medication prescriptions.
  • Incorrect usage of medical devices.
  • Missed or late cancer diagnosis.
  • Missed or late diagnosis of any other condition.
  • Ill-treatment by a medical care professional.

Other significant incidents that qualify as medical malpractice are:

  • Medical tools left in the body after the surgery.
  • Patients suffering from infection after surgery.
  • Inexperienced surgical practice.

Such occurrences can inflict severe, lifelong injuries. Medical malpractice lawsuit funding helps you get cash advances that help you fight your lawsuit battle and still be able to cover your day-to-day expenses.

Importance of Having Uninsured and Underinsured Coverage

How Can Medical Malpractice Lawsuit Funding Help You Win Your Lawsuit Case?

It is tough to contest personal injury cases as insurance companies fiercely fight against it. Medical malpractice cases are more challenging than personal injury cases. The doctors, hospitals, and healthcare professionals have added protection.

Due to this protection, it might take considerable time to get your  deserved settlement for medical malpractice. The process of litigation is challenging and lengthy. Your financial obligations are still there even when you face medical bills and missed time at work. This challenging combination of situations makes it impossible for you to wait for your compensation. The insurance companies know that you require cash and will pressure you to accept settlement in the early phase.

Strengthen Your Defense With Medical Malpractice Lawsuit Funding

You need drastic measures to counter desperate times. Direct Legal Funding is here to ease your financial stress and help you make the right decision moving forward in your lawsuit case.

We will help relieve your financial strain so that you can make decisions accordingly. If you’re experiencing an injury due to nursing home neglect, surgical blunder, or any other medical negligence, medical malpractice lawsuit funding enables you to deal with the day-to-day expenses and continue to fight your case until you win.

Direct Legal Funding understands your financial situation and won’t let you settle for low settlements. Instead, we help you give the freedom to consider all the factors and get a fair settlement reward.

 

Importance of Having Uninsured and Underinsured Coverage

Posted on by karan k

Car accident victims can face crushing financial burdens if they don’t have uninsured motorist coverage or if it isn’t enough. Just suppose you somehow are involved in an accident, but you are not at fault.

Typically, the victim files a claim with the car insurance company details of the driver at fault. Here you will get the funds to repair your car, recoup compensation for medical expenses or lost salary, and you have to pay nothing out of your pocket. However, what happens if the at-fault driver has an inadequate policy, or even no policy at all?

What Is Underinsurance Motorist Insurance?

Underinsurance is the insurance that you can collect from your own policy if or when the insurance of the defendant is exhausted and you are still left with hefty car or medical bills.

The meaning of the term underinsurance is a bit different in every state. Generally, the at-fault driver doesn’t have adequate insurance to cover the damages they caused to the victim in an accident.

For example, if an underinsured driver faces liability insurance after an accident, they will  either possess insufficient liability limits to fully cover your bills or their liability limit will be less or equal to the underinsured motorist coverage limit.

Uninsured motorist insurance is an essential benefit to ensure you can meet your losses or expenses when you suffer from an accident by an underinsured driver. In a few states, uninsured and underinsured motorist coverages are offered together as a single auto policy.

Importance of Having Underinsurance on your Motor Vehicle

It is essential to have underinsurance coverage on your vehicle.  This affordable added coverage ensures that you can recoup the losses in case of a serious accident.

What will happen if the driver who caused the vehicle collision doesn’t have insurance coverage, or it doesn’t cover your losses?

Generally, the insurance that offers minimum liability does not always provide proper coverage after a car accident. The underinsured and uninsured motorist coverage helps you secure your savings if you, unfortunately, suffer an accident.

This insurance will also help you in the unfortunate instance that the at-fault driver leaves the scene without providing their insurance information.

What will Happen if you do not have Underinsured Motorist Coverage?

Each state has specific regulations and minimum coverages that all car owners must meet with their car insurance policies. The general state minimum amount differs, but in a few states, the amount is as low as $15,000.

This implies that if you don’t possess underinsurance coverage on your car, then the total amount you can collect is capped at the at-fault driver’s liability insurance low value – despite how gravely you get injured. You can imagine that these low minimums may be woefully inadequate for the cost of serious injuries and significant car damage.

These low minimum requirements also affect the amount you can qualify for in lawsuit funding. The lawsuit funding companies usually help you get 10 to 15 percent advance funds of the total policy amount that you can collect.

No wonder it is crucial to possess underinsurance coverage on your motor vehicle.

Conclusion

Investing in uninsured and underinsured insurance is a small investment for a potentially large and much-needed benefit. It helps drivers when the at-fault party’s liability insurance doesn’t cover your losses. It helps in situations where at-fault drivers have no insurance at all.

Direct Legal Funding is here to help you understand your liability options. We can assist you with everything from settlement loans, lawsuit loans, and lawsuit cash advances. We provide excellent customer service and have grown our business on referrals.

Contact us at 866-941-5588 today for all lawsuit settlement assistance!