FAQs

FAQs (4)

From the list below choose one of our FAQs topics, then select an FAQ to read. If you have a question which is not in this section, please contact us.

We are going to give you a breakdown of what Pre-settlement funding is. Pre-settlement funding a phrase that many people don't understand. Many people believe that this is a loan, although it is not. These Funding firms provide you with an advance to lawsuit plaintiffs who wouldn't normally get money before they settle. It buys you time in order to go through your lawsuit without settling pre-maturely.

This is also often times referred to as lawsuit funding, but they aren't a "loan". The benefits are that there isn't credit check, neither will there be any collateral. You get your cash advance against the lawsuit settlement amount you expect to receive for your claim. When you win your lawsuit, you pay the settlement funding company back an amount that is predetermined. Often times you aren't involved and they take care of that for you. In the event that you lose, there is no recourse involved. There is no repayment.

Pre-settlement funding is an option that plaintiffs in personal injury lawsuits use to help them avoid financial stress while waiting for their case to settle. Often, victims end up settling with their insurance companies, which usually ends up leaving the plaintiff with a lesser amount than they filed suit for. By obtaining a lawsuit loan, you can pay household bills, medical fees and other costs and avoid getting further in debt.

So, how do you get started? Discuss the benefits of contacting a litigation funding company with your lawyer. He can then contact the company, and send them the documents and other information about your claim. Once this information is in the hands of the funding company, they will review it and make a decision the same day. If you qualify, you will receive your lawsuit loan the next day.

Most cases involving pre-settlement funding are personal injury cases. When you have been injured because of someone else's carelessness, you may not be able to work. This means you have lost wages and medical costs that were caused by the accident. You deserve the right to file a claim for the costs incurred because someone else was being negligent. Litigation funding companies offer you the chance to get the money you need to live comfortably and pay all of your obligations while seeking compensation.

Remember, lawsuit loans are an option when you need money for the duration of your case. There are no monthly repayments, and if you lose you owe absolutely nothing. If pre-settlement funding sounds like an option that will benefit you, contact your attorney to discuss the matter. This could be exactly what you need to get full compensation for your injuries and other expenses resulting from someone else's negligence.

Look over any debts your creditors claim you owe, and "make certain the amounts are correct" and that you indeed owe them that amount(s). If there's any doubt whatsoever that the amount(s) stated to you are incorrect, make direct contact with the creditor to resolve your questions.

If you're still in doubt about the amount of the debt owed by you, contact your state or local consumer protection office or state Attorney General. You should ALWAYS first contact your creditors and let them know that you're experiencing hardship in making your payments. Let them know why this is, and that you cannot make payments. Don't forget to mention the reason(s) that you're having trouble. It could be that you recently lost your job or have received some unexpected medical bills.

Do your best to work out "an acceptable payment schedule" with your creditors. Usually, most creditors are usually willing to work with you if you've been up front and honest with them. Creditors appreciate honesty and directness. The Fair Debt Collection Practices Law prohibits a debt collector from (1) revealing what you owe other than to your lawyer (2) threatening or harassing you (3) making false statements (4) providing false information about you to anybody (5) misrepresenting the actual legal status of your debts. Remember that under other federal laws to collect an outstanding debt, creditors cannot seize your assets or personal belongings, and can ONLY garnish a small portion of wages to make good on the debt.

Thursday, 01 April 2010 20:39

Should You Hire An Accident Attorney

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"The following article was written for Resources For Attorneys.com by David Hallstrom, a private investigator, he is not now nor has he ever been an attorney.

You have been in a accident, automobile, slip and fall, workplace, etc.. Should you see or speak with an attorney?

As far as I am concerned, the answer is always yes.

When should you consult with an accident attorney? You should seek the advise of an accident attorney as soon as possible after the accident. Do not wait. You could be giving up certain rights. You should definitely speak with an attorney before speaking with the other sides insurance agent, adjuster or attorney.

You say that you can not afford an attorney. Most accident attorneys will consult with you for free and, if they take your case, will handle it on a contingency basis, not taking any fee until the case is settled. Most settlements are increased to cover the cost of the attorney and therefore normally the attorney costs you nothing. Many attorneys will also advance all court costs for you if they are forced to file suit.

You say that you were injured, however, the insurance company has offered to pay your medical bills and you do not feel it is right to take advantage of them by asking for additional money for your, pain, suffering, lost work, etc.. Don't you feel that you as a person are worth something? Do you think so little of yourself that you feel that your pain, suffering, incontinence, etc. is worthless. You did not cause this accident. What you are going through was caused by someone else. You deserve to be compensated. The insurance company, as a matter of good business, has already built these types of costs into the premiums that they charge their customers. If the money does not go to you it will probably go to their shareholders or to increased salaries or ?. Why shouldn't you be properly compensated. Remember most good attorneys are ethical and although they will attempt to obtain as much money for you as is due, they will not take your case unless they feel that it is proper.

You say someone else admitted liability and said that their insurance will pay all your damages. That's great, however, what if the person changes his or her story later on and says that you were at fault. Or what if the other side's insurance company refuses to pay what you think is proper. In fact, how do you know what is proper? Remember, an insurance company may pay claims, but it is in business to make money. It normally will not offer one dollar more than it has to and if you are not represented by an attorney the insurance company adjuster or attorney may feel that he or she can ""get away"" with paying much less than the claim may be worth. Additionally, what people state at the time of an accident is not always what they state after having spoken with a friend, insurance agent or attorney. Finally, an insurance adjuster or insurance attorney works for the insurance company, not for you. How do you know that what they are telling you is correct or true. Remember, in most instances, they are there to try and save the company money. You need an attorney on your side to tell you what your rights and obligations are.

You say that you were not hurt that bad or at all. How do you know how badly you were hurt. Some injuries do not show up for months. Other injuries may aggravate a prior problem. Even if you have been found to be ""ok"" by a doctor, how do you know that a problem will not come up later. If you have insurance and did go to a doctor, who is going to pay your co-pay or deductible. If you do not have health insurance, who is going to pay for your examination which should include x-rays, etc.. If you retain an attorney he or she can probably refer you to a doctor who will accept a lien against the insurance settlement, thereby saving you from paying money out of your pocket.

You say you have accident insurance, why not let them handle everything for you. Your insurance company is there to defend any claims against you not to represent you in any claims against other parties. Additionally, they also are in business to make money. How do you know if they are trying to settle a case to help you or to save themselves money.

The foregoing article was written by the author based on experiences he has had as a private investigator representing both accident attorneys and insurance companies. This article is not stated as a legal opinion or as fact but instead is stated as opinion of the author.

Permission is given to reprint this article providing credit is given to the author, David G. Hallstrom, and a link is listed to Resources For Attorneys the owner of this article. Anyone or any company reprinting this article without giving proper credit and the correct link, is doing so without permission and will be subject to legal action.

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About the Author

David Hallstrom has been a licensed private investigator for over thirty years. The majority, over 2000, of his clients are attorneys. He is also the President of Resources For Attorneys.com, a legal and lifestyle resource directory for attorneys, lawyers and the internet public."

Thursday, 16 December 2010 10:15

How to safely commute - a cyclist’s guide

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It may be a challenge for a cyclist to survive on the road when commuting daily, especially if you live in a big city with busy traffic. In order to avoid a hazardous and potentially fatal bicycle accident a few steps can be followed.

Firstly, remember that the cars and trucks, as well as motorcycles are bigger than you. They are aware of this, too, and may try to abuse it, in which case, as much as you would want to stand your ground, it is better to give way to them.

Secondly, planning your route beforehand may be a good idea, so that you try to avoid the busiest streets and reduce the  risk of an accident.

Thirdly, always give signals, so that other drivers know what you intend to do next. Any sudden moves and turns may lead to an accident. Also, be careful when you have to break suddenly, shift your weight back and put more pressure on the rear breaks, so you reduce the risk of rolling over. Furthermore, be alert of what is happening on the road, be aware of cars suddenly pulling out of driveways and for drivers getting out of parallel parked cars and drivers suddenly opening the doors of their car.

In addition, always take good care of your bicycle, so that it is in good condition, wear  a helmet and avoid any distractions (such as listening to your Mp3 player on headphones).

If you or anyone in your family has suffered from any injuries in a bicycle accident that was not your fault, you maybe entitled to compensation. Please do not hesitate to contact Thompsons No Win No Fee specialists who will advise you on your first steps to receiving the compensation that you deserve.