Settlement Cash Advance Industry Is Not So Bad After All

Auto accidents are devastating experiences. Not only can they cause physical damage and mental stress for those injured, they can also have a tendency to induce long term financial hardships if the person injured in an accident is the sole wage earner of a family. In most cases the injured party is at no fault and does not deserve to go through the uninvited financial troubles. Well as they say reality bites. One evening I was returning home from a community gathering and was stopped at a red light. When the signal turned green I started accelerating. Suddenly I saw two bright lights approaching me on the driver side. I then felt a jerk and heard a loud crash. The next thing I remember is that I was in the hospital and my wife and kids were standing by my bed. Apparently a drunk driver had run the red-light signal and crashed into my car. What was to follow was pretty devastating. Apparently I had been unconscious in ICU for two days. I had multiple fractures on my left arm and leg and had a broken clavicle. My face had several deep cuts resulting from shards of glass that had hit me from the broken driver side window. The doctors told me that I would have to stay in the hospital for the next three weeks and that I would not be able to work for the next 10 months since I am a construction worker. This was a bad news to me since I had to support my family. I had savings to keep me going for a few months, but 10 months was a hill that I was not prepared to climb. As destiny had to rub more salt on my wounds, some medical complications arose and I ended up not working for almost 15 months. During this time I luckily hired a good personal injury attorney who said he would ultimately get me the kind of settlement I deserved for my personal injury accident claim. However these cases take time, and I knew that my savings would not last forever. I did not have a good insurance carrier, so I knew that I would not only have to support my family -- I would also have to pay a huge part of my medical bills. It wasn't long before my savings were depleted and I was in distress. I needed cash. My personal injury attorney mentioned that one possible option for me to explore might be the lawsuit cash advance industry. He made it clear that this was an expensive option. The lawsuit cash advance industry is an industry made up of companies that provide cash advances to lawsuit plaintiffs when no other funding is available. The rates the lawsuit cash advance companies charge are quite high due to the fact that they only recover money they advance if a case is won. If a personal injury case is lost, then the lawsuit cash advance company loses all the money it has advanced. After considering all my options, I decided to search on the Internet for a company that might provide me with enough of a cash advance to pay my medical bills and keep my family afloat until my personal injury accident case settled. After weeding out several bad ones I stumbled upon the website of Lawsuit Cash Advance LLC (www.lawsuitcashadvance. com), a Minneapolis based company and decided to call them. When I called Lawsuit Cash Advance, LLC and spoke to a customer representative, I was taken by surprise. Rather than trying to hard sell me, she told me that this was an expensive option that should be considered only if I had exhausted all other resources. She explained the whole process to me and advised me to only apply for the amount of cash advance I really needed. It began to dawn on me that while applying for a lawsuit cash advance might be an fairly expensive way to get the immediate cash I needed, I nevertheless felt that I was in good hands. Applying for a lawsuit cash advance was simple. All I had to do was fax the police report along with other accident- and medical-related reports to them and sign the agreements. The whole process took two days. I must credit my attorney for working with me on every step of the process and making this happen. If he had not sent the documents in a timely manner the process could have taken a long time. By the third day the money had been directly deposited into my account and I could breathe a sigh of relief. Although choosing to apply for a lawsuit cash advance was bit expensive, doing so allowed me to avoid succumbing to any out-of-the court deals that would have left me with much less money than I deserved. I was also able to go through the whole settlement process without much pressure. All in all my experience with Lawsuit Cash Advance, LLC was a positive one. When exploring an option such as this, I think the best strategy is to apply for a sensible amount and not go overboard.