Hit-and-run accidents shatter the basic trust we place in the rules of the road and the community around us, leaving victims and their families physically injured, emotionally violated, and sometimes financially strapped. In 2016, these accidents led to over 2,000 fatalities in the U.S. Tragically, each statistic represents a life abruptly and unjustly altered, perhaps while doing something as routine as crossing a street or parking a car.
While hit-and-run lawsuits can lead to relief, justice, and closure, the waiting period before you receive your compensation may be financially draining. Why compromise your financial well-being when you don’t have to? You’ve been through enough. Let Baker Street Funding ease your cash flow difficulties with quick lawsuit funding designed specifically for pedestrian accident victims like you.
- Hit-and-run car accidents are not only physically damaging but also emotionally and financially devastating.
- Legal action is often necessary for victims to find redress and justice, but the process can be long and financially burdensome.
- You can make different types of claims in a hit-and-run lawsuit, ranging from personal injuries to wrongful death, but the process is often complicated.
- Insurance companies often offer low settlement amounts and exploit the financial vulnerability of the victim.
- Baker Street Funding offers pre-settlement loans specifically designed for hit-and-run accident victims with the goal of providing financial relief during the lawsuit process without relying on credit history.
What are Hit and Run Car Accidents?
A hit-and-run accident goes beyond a mere collision. It’s a situation where people involved in a collision decide to leave the scene without doing what’s legally and morally required of them. This could mean not providing their contact information, not reporting the accident to authorities, or failing to assist anyone who might be injured.
This lack of immediate action can have serious repercussions. It can delay medical assistance for the injured and make the legal process more complicated, as it becomes difficult to identify the responsible parties and hold them accountable.
The Realities of Hit-and-Run Lawsuits
Hit-and-run accidents are more common than we’d like to admit. And these aren’t just happening on busy streets; they’re occurring in places like parking garages and even near schools. In simple terms, a hit-and-run car accident lawsuit is a legal action initiated by a victim who’s been injured due to a driver fleeing the scene of an accident without providing necessary information or assistance. More often than not, it’s the victim’s personal injury attorney filing the lawsuit.
While the at-fault driver is usually the defendant, there are instances where the driver remains unidentified. In such cases, the lawsuit may be directed against the plaintiff’s own insurance company or the insurance company of an identified but uncooperative driver.
What Types of Claims Can Be Made in a Hit-and-Run Lawsuit?
The types of claims involved in hit-and-run accident lawsuits are varied, to say the least. They range from personal injuries to wrongful death. The injuries sustained by pedestrians in such accidents can range from bruises and fractures to severe conditions like paralysis or loss of limb. The toll these incidents take on you—both physically and mentally—often forms the core of your personal injury claims.
What Does the Legal Process Involve After a Hit and Run?
As soon as you find yourself involved in a pedestrian accident lawsuit, you’re involved in a multi-step legal process. This includes everything from collecting evidence to filing claims and negotiating with insurance companies. And let’s be honest, it’s not easy. Plus, you’ll likely face some roadblocks, like identifying the person responsible for your injuries.
What Compensation Can You Expect?
The exact compensation you can expect to receive from a hit-and-run accident claim will depend on a variety of factors, including the extent of your injuries, the laws in your state, and the liable party. Generally speaking, however, you can expect to be compensated for economic losses such as medical expenses and lost wages. You may also be able to recover non-economic losses such as pain and suffering, emotional distress, and loss of consortium.
However, there’s a twist: insurance companies aren’t always on your side. They often employ tactics to delay the settlement process. The longer they can stretch it out, the more desperate you might become to settle for less than the actual value of your case. It’s a strategy the insurance company uses to exploit your financial vulnerability and benefit its bottom line.
That said, you can protect yourself from this situation. Legal funding provides you with an influx of cash to cover your financial needs during settlement negotiations, so you don’t have to accept a lowball offer just because you’re running low on funds.
What Are Hit-and-Run Accident Lawsuit Loans and How Do They Work?
If you’re an injured victim dealing with the aftermath of a driver who hit you and fled the scene of the accident, you’re likely in the middle of a lawsuit and facing a lot of financial difficulties. Hit-and-run auto accident pre-settlement funding can offer some stability. Unlike traditional loans, pre-settlement funding, also known as a lawsuit loan or legal funding, is a non-recourse advance. This means you’re not only borrowing money from your hit-and-run car accident lawsuit, but you’re getting a risk-free cash advance against the settlement you’re likely to win in your case.
The term “non-recourse” might sound complicated, but it’s actually a big benefit for you. It means that you only pay back the advance if you win your hit-and-run auto accident case. If the claim doesn’t go in your favor, you owe nothing. This is a stark contrast to bank loans, where you have to pay back the money, win or lose.
How Much Can You Borrow?
The loan amount is calculated based on different factors like the strength of your case, the severity of your injuries, and the insurance coverage and limit of the defendant. But here’s the deal: the funding amount is capped at 10% (rarely 20%) of your case’s estimated value. This cap protects lenders so that they can still be repaid even if your compensation amount turns out to be less than expected.
What Can You Use a Hit and Run Lawsuit Loan For?
You can use the funds for a variety of pressing needs. Struggling with medical expenses? Pre-settlement funding’s got you covered. Need to keep the lights on and food on the table while you’re out of work? No worries, the loan can help with that too. To put it simply, hit-and-run accident legal funding provides you with the financial flexibility to manage life’s necessities, whether it is for living expenses or rent, while you recover and fight for what’s right.
To be eligible for an auto accident loan, you need two things: an ongoing hit-and-run accident lawsuit with a high chance of winning and a personal injury attorney willing to speak to the lender. Attorneys are key in this process, not only by providing all the critical details and documents for claim evaluation but also by sharing their professional opinion on the case’s strength and potential value.
The Application Process
Applying for hit-and-run lawsuit funding is simple. Your attorney sends over the required documents, and the loan company assesses your case. If approved, a non-recourse funding contract is generated. Both you and your attorney sign this contract and the funds are disbursed, sometimes in less than 24 hours.
If you win your hit-and-run accident case, the pre-settlement loan amount, along with any applicable interest rates and fees, is paid back by your attorney. With Baker Street Funding, interest rates start at 2.95% non-compounding per month and are capped at 3 years.
Pre-Settlement Loans Can Provide Financial Support During Your Hit-and-Run Auto Accident Lawsuit
Going through any type of car accident lawsuit is undoubtedly tough and can leave you with lasting physical and emotional scars. Fortunately, victims of such accidents have legal recourse available to them in the form of a hit-and-run car accident case. However, the legal process can be complicated and drawn out, often resulting in financial hardship for those involved.
But here’s a bit of great news: you don’t have to manage the financial aspect all by yourself. Baker Street Funding offers pre-settlement loans to victims involved in hit-and-run car accident lawsuits in only 24 hours, with interest rates as low as 2.95% non-compounding per month, capped at three years. And don’t worry about your credit score or history; we’re interested in the merits of your claim, not your past.
So, if you’re struggling to pay bills while your hit-and-run accident case is pending, a settlement cash advance could provide the financial assistance you’re looking for. With Baker Street Funding, you’re not just another funding number; you’re someone who deserves support. Apply for lawsuit funding today!