Auto Accident Settlement Funding Company Helping Accident Plaintiffs Get Cash Advances on Their Awards
The National Safety Council (NSC) estimates that over 4.8 billion people were seriously injured on roadways in the U.S. in 2020. Auto accidents can result in a variety of injuries, many of them requiring time away from work. That is when many auto accident plaintiffs turn to settlement funding companies like Universal Funds for some financial relief. Here’s how auto accident settlement funding can help you, too.
How Does Auto Accident Settlement Funding Work?
Auto accident cases can result in a complex lawsuit and a lot of back-and-forth discussions between the at-fault party’s insurance company and the victim’s insurer. Depending on the laws of your state, the other party’s insurer may try to push back to prove that you as the victim were partially at fault and thus should receive a smaller payout — or no payout in some cases.
What all of this means is that there is no settlement in sight as your claim drags on. Even if you have a stellar auto accident attorney handling your case, you may be constantly worried about making ends meet while you are waiting for your compensation and cannot work. An auto accident settlement funding agreement can help you access a portion of your anticipated settlement payout in as little as 24h with no credit check or repayment needed — you keep the money even if you don’t win your case.
Who Is Eligible to Receive Settlement Funding After an Auto Accident?
Universal Funds offers two different options for auto accident plaintiffs looking for settlement funding. If your case is ongoing and no settlement has been awarded to you yet, you may apply for pre-settlement funding. With this option, Universal Funds will analyze your case to make projections on the probability of you winning your case and your expected payout. We will then make a cash advance offer based on our analysis. You must be working with an attorney and must have a pending car accident lawsuit.
You can also opt for post-settlement funding if your lawsuit has ended and you have been granted compensation for your losses, but are currently receiving settlement checks or waiting for your first check to be issued. Universal Funds will work with your attorney to determine the exact amount that was awarded to you, and we will then make a cash advance offer based on that information.
What Happens if I Get a Low Settlement Offer From the Insurance Company?
It is a well-known practice among insurers to pressure accident victims into accepting their initial settlement offer. The problem is they will often make a low-ball offer with the hopes of settling your case for the least amount of money possible to protect their bottom line. They know you are hurt and they know you may be desperate for some cash, and this often results in victims settling for much less than they should have.
Your attorney may advise you to turn down the initial settlement offer, but that means it will take longer for you to receive your money. By using a settlement funding option, you gain the leverage you need to negotiate a fair settlement. You can relieve your financial worries and be better positioned to fight back and get the fair settlement you deserve.
How Do I Get Started With My Auto Accident Settlement Funding Application?
Universal Funds makes it simple for you to apply for settlement funding after a car accident. If you have a lawsuit that is ongoing or already settled and are currently working with an attorney, you may apply for settlement funding by calling us at (484) 924-9323 or visiting our website and answering a few simple questions.
We will work with your attorney and get the information we need, and will then make you an offer if we find your case is eligible. After you accept the offer, money can be in your account in as little as 24 hours. Get your settlement money now and don’t let the insurance company push your buttons! Reach out to Universal Funds to see how we can help.