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Your accident threw your life off track in more ways than one. Not only have your injuries prevented you from going back to work, but they have also made it difficult for you to do the things you enjoy, go about your daily activities, or to live free of pain. Today, your life revolves around doctor appointments, surgeries, and bedrest, yet despite all that, your every thought comes back to, how am I going to afford it? How will you afford rent? How will you afford groceries? How will you afford to keep the electricity on and the apartment heated? These are very real concerns, and at this juncture in your life, they are more pressing than how you are going to get better.

You need to be able to focus on healing as much as you focus on your financial situation. You filed a personal injury lawsuit against the negligent party to compensate you for your expenses, pain, and suffering, but that has only resulted in a year-long fiasco. You expected, when you filed your claim, to be compensated quickly, but it does not appear that the case is coming to a close anytime soon. What can you do in the meantime?

Capital Financing offers pre-settlement funding to help individuals cover the cost of everything from surgery to rent, and from past-due bills to in-home care. We offer funding in the form of lump-payments and payment plans.

Why Opt for a Payment Plan?

You may be thinking to yourself, “I’ve been living on a budget for months, why would I want to revert back to that after being approved for financing?” There are several good reasons, actually.

As you already know, you never know for how much longer your case will drag on. It could settle next week, or it could be another year. A payment plan can help you budget the loan wisely. A financial consultant can review your monthly obligations, determine how much money is necessary to meet them, and devise a plan that reduces your financial burden and guarantees you financial comfort for the remaining duration of your case.

Why Attorneys Like This Option

A payment plan can not only help plaintiffs budget, but also, it can give lawyers peace of mind. Personal injury attorneys work hard to achieve favorable outcomes for their clients. Oftentimes, they do this on a contingency fee basis, meaning they do not get paid unless their clients win. While this is a great setup for plaintiffs, it can place a huge financial burden on attorneys, as they often foot the bill for investigations, court fees, and other costs until the close of the case. Pre-settlement funding disbursed via a payment plan can be used to help the victims cover the cost of fees in the interim, thereby reducing their financial burden, as well.

Additionally, a lawyer who is aware of a client’s dire financial situation may be compelled to settle too quickly, or to not take proper care during a trial. This can result in a low-ball settlement award or no award at all. If that same attorney knows that his or her client is receiving financing in the interim, he or she may be more likely to proceed with caution.