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Slip and fall accidents happen virtually every day, and more often than not, the victims get up, dust themselves, and move on with their lives. However, some slip-and-fall accidents result in physical injuries that can range from mild bruises to head injuries and even fractures.
If you or anyone you know have suffered an injury from a slip and fall accident, you may be entitled to hold the negligent party liable. The compensation they’ll pay would cover medical expenses, lost wages from inability to work, and other damages.
Unfortunately, most slip-and-fall cases get dragged for a long time, and the plaintiff may need money to cover their piling bills before the case settles. In such cases, legal funding comes in handy. Here we explain the common causes of slip and fall accidents and how the victims may benefit from pre-settlement funding.
What is a Slip and Fall Accident?
A slip-and-fall accident happens when someone slips, trips, or falls and gets hurt. These accidents can happen anywhere: in stores, on sidewalks, at schools, or even at a friend’s house. The main reasons for these accidents include:
- Wet or slippery floors
- Uneven or cracked sidewalks
- Poor lighting
- Loose rugs or carpets
- Clutter or obstacles in walkways
When these accidents happen on another person’s or government’s property, the property owner might be responsible for your injuries if they didn’t take care to keep their place safe.
The Consequences of Slip and Fall Accidents
When you get hurt in a slip-and-fall accident, you might have to deal with a lot of problems including:
- Medical Bills: Going to the hospital, getting X-rays, or seeing specialists can cost a lot of money.
- Lost Wages: If you or your parents have to miss work because of your injuries, which can mean less money for your family.
- Pain and Suffering: Being in pain, feeling stressed, or being scared to walk in certain places can affect your quality of life.
- Legal Costs: If you decide to take legal action against the property owner, you might need to pay for a lawyer and other legal expenses.
What is Legal Funding and Why is it Helpful?
Legal funding is like a non-recourse cash advance. It’s money given to you to help cover your expenses while you wait for your case to be settled. This money can be used for anything you need, like medical bills, rent, groceries, or school supplies. Legal funding can be very helpful to victims of slip and fall accidents in many ways. These include:
No Upfront Costs
You don’t need to pay anything upfront. You get the money you need without worrying about how to pay for it right away. And it gets better when you know that you do not have to repay the loan if you eventually lose the case.
No Monthly Payments
Unlike traditional bank loans, you don’t have to make monthly payments. You repay the money only after your case is settled. Typically, the repayment is one-time and the funding company works with your lawyer to facilitate smooth repayment.
Less Stress
Knowing that you have the money to cover your expenses can help reduce stress and let you focus on getting better. Also, you won’t have to put so much pressure on your lawyer to bring the case to a swift resolution.
Access to Better Legal Help
Remember, one of the reasons why many people apply for pre-settlement funding is to cover their legal expenses. With the right amount of funding, you might be able to afford a better lawyer who can help you win your case.
Stronger Negotiation Position
When the defendants know you have legal help they’re likely to negotiate your settlement in good faith because they know you do not have an urgent need for money. Even if they bring a deal you consider insulting, you can easily reject it and strong-arm them to do better.
Getting Legal Funding after a Slip and Fall Accident
Getting a lawsuit loan requires having an ongoing personal injury case, such as a slip and fall accident lawsuit. However, the amount you may get and your chances of getting approved will depend on several factors. Here are some factors that are often considered by legal funding providers:
- Strong Case: You need to have a strong slip and fall case. This means the funding company will assess your case and conclude you have a good chance of winning.
- Lawyer Involved: You must have a lawyer working on your case. Legal funding companies work closely with your lawyer to understand your case.
- Potential Compensation: The amount of money you might win in your case should be reasonable to cover your overall damages incurred and worth the while of the legal funding provider.
Conclusion
Slip and fall accidents can turn your life upside down, with medical bills, lost wages, and other expenses adding up quickly. If you or anyone you know are in these shoes, you should consider applying for legal funding. It’s important to talk to your lawyer and choose a reputable legal funding company to ensure you get the help you need. With legal funding, you can worry less about money and more about recovering and getting justice for your personal injuries and damages.
Do You Need a Lawsuit Loan for Your Slip-and-Fall Accident Case? Call Us Today!
If you have an ongoing slip and fall accident case and facing financial distress, you may apply for non-recourse legal funding before your case concludes. Contact us at High Rise Financial today to know more about the cases we fund. Our experienced financial experts can guide you through the application process and help you navigate crucial decisions. Call our toll-free number today at (866)-407-6404 for a simple consultation.