A single moment—be it a car accident, a fall, or even a sports injury—can lead to a spinal cord injury. If this is you, then you are most likely suffering from physical pain that is excruciating, an emotional toll that is too difficult to bear, and a path to recovery that seems too long and uncertain.
But there’s something else that could be weighing on your mind—the financial burden. With medical bills quickly piling up and the inability to work due to the injury, financial stress is threatening to consume your daily life, creating a cycle that feels unbreakable.
Baker Street Legal Funding knows that dealing with a spinal cord injury is more than just a medical issue; it’s a life-altering event that affects every aspect of your existence. Our pre-settlement funding offer victims dealing with spinal cord injuries and their families the funds they need in 24 hours. Our goal is to offer you the freedom to receive your treatment and rehabilitation worry-free, without the burden of financial concerns.
Pre-Settlement Funding For Spinal Cord Injuries: A Ray of Hope
Pre-settlement funding is a financial solution specifically designed for those involved in personal injury lawsuits, such as spinal cord injuries. Unlike traditional loans, pre-settlement legal funding (or a lawsuit cash advance) is non-recourse. That means if you lose your legal claim, you won’t owe the lender any money.
For instance, when it comes to traditional loans, they require credit checks and employment verification. They also have to be repaid regardless of the lawsuit’s outcome. A pre-settlement advance, however, operates differently, with no credit checks, no employment verification, and repayment only if you win the spinal cord injury lawsuit.
One crucial point to understand is that pre-settlement funding is not a loan in the traditional sense. It’s an advance on the expected settlement of your spinal injury cord lawsuit, a distinction that affects the terms, conditions, and the way the funding works.
Here’s what you can expect from pre-settlement funding: you can collect funds within 24-48 hours, which helps alleviate immediate financial stress. You can use the cash for medical bills, rent or mortgage, living expenses, rehabilitation, and more. And an encouraging fact to note is that approximately 95% of spinal cord injury cases that opt for pre-settlement loans from Baker Street Funding reach a successful settlement.
Common Causes of Spinal Cord Injuries
Spinal cord injuries can occur in various ways, each with its unique circumstances and contributing factors. Understanding these causes is essential in both prevention and treatment. Let’s explore the common causes:
- Car Accidents (38% of cases). Car accidents are the leading cause of spinal cord injuries. The sudden impact and force in a collision can cause severe damage to the spinal cord. Unlike other causes, car accidents often involve multiple factors such as speed, seatbelt usage, and road conditions, making them particularly complex.
- Slip and Fall (32%). Slip and fall incidents account for nearly a third of spinal cord injuries. These can occur anywhere, from icy sidewalks to wet floors in a store. The contrast with car accidents is in the often unexpected and seemingly mundane nature of slip and fall, yet the consequences can be equally devastating.
- Assault (14%). Assault-related spinal cord injuries are often the result of violent encounters, such as gunshot wounds or physical attacks. Unlike accidental causes, these injuries are intentional and present unique legal and emotional challenges.
- Sports (7%). Sports-related spinal cord injuries occur in various activities, from football to diving. These injuries can be contrasted with others as they often involve a known risk taken by the participant. Proper training, equipment, and adherence to safety guidelines can reduce the risk.
- Medical Malpractice (4%). Medical malpractice-related spinal cord injuries are rare but serious. They occur when a medical professional’s negligence leads to injury. This cause is distinct from others as it involves a breach of trust and professional duty.
A Note on Interpretation
It’s worth mentioning that these percentages represent the distribution of known causes and not the likelihood of occurrence in the general population. For example, the 4% for medical malpractice doesn’t mean that 4% of all medical procedures result in spinal cord injuries, but rather that 4% of spinal cord injuries are attributed to medical malpractice.
As a final note, spinal cord injury statistics don’t tell the whole story; they reflect the reality of real lives, real risks, and real possibilities. Whether it’s being more cautious on the road, taking care of slippery surfaces, or trusting in the skill of medical professionals, we all have a role to play. Together, we can work towards awareness, safety, and the prevention of these life-altering injuries. It’s a conversation worth having, and it’s a responsibility we all share.
The Qualification and Process for Pre-Settlement Legal Funding.
Lawsuit loans, also known as pre-settlement funding, for spinal cord injuries work in a simple way to provide necessary financial assistance to accident victims as they wait for their compensation. Let’s break down how lawsuit funding works, step by step, so you can see if it’s the right fit for you.
First things first, do you qualify? You must have an ongoing lawsuit related to a spinal cord injury, and an attorney must represent your case. Here’s what you need to have:
- An eligible accident case type
- A valid personal injury claim
- A lawyer who agrees to third-party funding
- Residency in the respective state
- A pending lawsuit in your state
You or your attorney can submit an application by calling (888) 711-3599 or applying for a spinal cord injury lawsuit loan online. It’s a straightforward process that includes details about your case, the law firm involved, and other relevant information.
After you submit your application, we’ll review it. If accepted, your legal funding representative will contact your attorney to discuss your case, your injuries, the expected settlement amount, and the estimated timeline.
Based on our review, we’ll make a loan decision. If approved, we’ll call you with a loan amount that aligns with your lawsuit’s estimated value, usually 10% of your expected settlement.
Upon approval, you and your attorney complete the settlement loan contract. The funds are typically wired to your bank account or sent via check the same day.
Repayment is contingent on the outcome of your case. If you win, the repayment comes out of the settlement. If you lose, you won’t be liable for repayment, meaning you’ll owe nothing to us.
Imagine sustaining a spinal cord injury due to a car accident and suing the responsible party. You might apply for a pre-settlement loan to cover your medical bills and other expenses while waiting for the lawsuit to settle. You’d fill out the application, our team would discuss your case with your attorney, and if approved, you’d receive funding relatively quickly.
Financial Relief in Trying Times
Living with a spinal cord injury is undoubtedly one of the most painful experiences anyone can endure. Legal funding is designed to help plaintiffs with significant injuries, like spinal cord damage, meet their financial obligations while their lawsuits are pending.
With a spinal cord injury pre-settlement lawsuit loan, you get more than financial assistance; you obtain the ability to put your mind on what truly matters—your well-being.
Ready to apply for a personal injury lawsuit loan on your spinal cord injury case? Baker Street Legal Funding can provide you with funds within 24 hours. Apply today.