Car accidents have become a common occurrence in modern times. It may be caused by another driver’s negligence or reckless driving; a defect in the automobile may cause it, and in some circumstances, the road conditions also contribute to car accidents. In all cases, accident victims suffer losses.
Here we will discuss motor vehicle accidents and how to pay household bills after a car accident — so if you are a car accident victim and struggling to pay your bills, this article is for you.
Can a car accident ruin your life physically and financially?
Car accidents can ruin injured victims’ lives financially. They can cause significant financial loss due to major injuries and work loss, leading to eviction and sometimes homelessness.
Depending on the peculiarities of each accident, the victims of car accidents incur different types of injuries. You may have minor injuries such as bruises, or in some cases, the victims suffer from serious injuries such as fractures, spinal cord injuries, back injury, brain damage, etc. These injuries require medical treatment and surgeries, and the treatment of the injuries costs a lot of money.
Sadly, the victims of serious injuries suffer pain and emotional stress. In some cases, accidents change the course of life, such as the injuries which result in permanent disability, and the victim has to spend the rest of their life with the disability.
These conditions can deprive a person of employment opportunities and may also result in mental health issues. Generally, most victims of car accidents are burdened with dozens of financial liabilities.
Pre-settlement funding for car accident victims
To fulfill your financial concerns, you can reimburse payments from your insurers by filing a lawsuit. Hence, you claim compensation for expenses such as medical treatment, lost wages, household bills, and other financial losses incurred due to the accident. The bad news is that you will have to wait for the settlement to payout since it could take months for your auto accident lawyer to settle your case.
Fortunately, you don’t have to stress about your financial liabilities and instead focus on your health and get your life back on track. Pre-settlement lawsuit funding can help you pay household bills after your lawyer files a car accident lawsuit.
If you need money before the final settlement of the auto accident claim, you can avail yourself of the opportunity of pre-settlement funding from Baker Street Funding.
Upon approval, in this arrangement, Baker Street Funding, a legal finance company, will provide a lawsuit cash advance to you at any stage of your litigation.
The best part is that you will only have to pay the portion you borrowed from the lawsuit settlement after the case settles in your favor and settlement payment is distributed.
At Baker Street Funding, we provide risk-free pre-settlement lawsuit funding when you are fighting your case. You can apply now, and if your application is approved, you will receive a pre-settlement cash advance fast.
You can use the cash to pay your medical expenses and fulfill other financial liabilities without stressing about the number of damages you will receive in the case.
Additionally, if you live in a state that follows the no-fault insurance policy, you can reimburse compensation for the damages caused to you and fulfill your financial expenses.