When you’ve been in an accident, choosing whether or not you should hire a car accident lawyer is a big decision. Having an accident lawyer can be the difference between receiving a large settlement or receiving only a fraction of what your case is worth.

Generally, personal injury lawyers work on what is known as a contingency fee. However, they are also compensated for some reimbursable litigation expenses that they pay on behalf of their clients.

Car accident attorney compensation structure: Generally, accident lawyers will charge a contingency fee. This means that they will receive a percentage of the settlement if they can win the case. Other methods of payment include a flat rate and a retainer fee.

A flat rate is used when you only need a lawyer to do a specific task for you, such as writing a demand letter. A retainer fee is an advance to the lawyer you give them funds upfront from which they can withdraw their share of the settlement if you win.

If you are the defendant in a personal injury case, your lawyer will most likely charge you an hourly fee. This means the lawyer will charge a set amount for each hour they work on your case. Generally, lawyers who have more experience will charge more hourly than lawyers who have less experience.

Is a Car Accident Lawsuit Loan Right For Me?
If you’ve recently been in a car accident you may be wondering if a car accident loan is a good choice for you. With medical bills and the expenses associated with the cost of living piling up, legal funding may look like a promising prospect.

Yes, you do. You are not going to be able to get a workers’ comp settlement loans without the assistance of a workers’ compensation attorney. However, this isn’t a bad thing. A workers’ compensation attorney, such as those you’ll find at ECO, wants nothing more than to help you get what you deserve so that you don’t suffer any more than you already have.

This means that a workers’ compensation attorney will help you through every step of the process, answer any questions you may have, and do everything in their power to help get you back on your financial feet as quickly as possible. If you’ve recently suffered from a workplace injury, reach out to ECO to see how they can help today.

If you’ve never been injured on the job before then you probably don’t know how long it can take to actually get your workers’ compensation approved. You might assume a couple of weeks, maybe a month. In some rare cases, you’ll be lucky and proven right.

But workers’ compensation claims can take an incredibly long time to be approved. Rough 9 out of 10 workers’ compensation claims require extensive litigation, even when all the evidence necessary to prove your case is present.

In some cases, it could take as much as three years in order to get approved for your workers’ compensation. Imagine not being able to work for three years because of an injury, and having nothing to replace that income. If you think life is hard now, it doesn’t even compare to being caught in that situation.

The problem is that the companies which provide workers’ compensation benefits lose money whenever they have to pay out. So it is in their best interest to do everything they can to fight against and lower how much money they are giving you. But this does nothing but hurt you, and you’ve just recently suffered an injury. You don’t need that extra struggle.

A settlement loan allows you to get the money you need to maintain your living situation, without having to wait excessively long for a judgment to be passed. For many people, a pre settlement loans is how they afford to wait for their workers’ compensation to be approved. Without the settlement loan, they could be forced back to work before they have recovered or even find themselves homeless because they can’t afford to pay for housing or bills anymore.

What are car accident loans, you ask – well, they aren’t loans in the traditional sense of the word. Instead, car accident loans are a form of what is known as non-recourse funding, which is a fancy way of saying that if you do not ultimately settle with the insurance company, you won’t owe anything.
With a loan, you are required to pay back the amount you borrowed, but with a car accident loan, you will owe a predetermined percentage of your settlement or court award.
In other words, the company that provided you with the loan carefully considered the circumstances of your case and concluded that it would very likely lead to a specific settlement or court award. Car accident lawsuit loans are based on the strength of your car accident claim and not on your credit score, which can be immensely helpful in this moment of need.

It is also a good idea to apply for a car accident loan online. There are many services available today that are able to help you with the application process. All you need to do is fill out an online application. These services will provide you with several different options that can help you with the money that you need to get the car or other type of vehicle you need. You should also check to see if your insurance company offers any type of financial assistance programs to those who need it most.

You may be one of the tens of thousands of individuals who find themselves in need of either lawsuit loans or settlement loans to assist following injuries they received in a car wreck. Why is that? In many instances, these individuals find that, due to their injuries, they are unable to continue working. Additionally, these individuals often find that, irrespective of their ability to work, their bills continue to pour in. Furthermore they now are going to be confronted, at least in many instances, by unanticipated legal expenses to bring suit against the individual who caused them harm. Sadly, in the vast majority of instances, individuals who cause the harm are either unwilling or unable to compensate those individuals they injured.
Estimates place the number of bodily-injury producing car wrecks at 1-3 million each year. Make no mistake about it, car wrecks are the bread-and-butter of many personal injury attorneys. Many estimate that they make up a substantial proportion of all personal injury claims filed annually. Those familiar with the landscape should not be surprised to learn this. Individuals injured in car wrecks frequently suffer bodily injury and, much too often, death.
It is interesting to note that car wreck cases provide a tremendous opportunity for skilled attorneys to actually present evidence to jurors in the courtroom. The standard that will be utilized will be the "reasonable person" standard. Keep in mind that if a reasonable person is able to view the evidence, and readily discern that the injuries claimed could have reasonably been linked to that car wreck, the plaintiff stands a good chance of prevailing in the lawsuit.
However, one must also take into consideration other circumstances that may be introduced at trial that may convince the jurors that something other than the car wreck caused the injuries. To prevail in the underlying lawsuit, the plaintiff must convince the jurors that it was the defendant who either caused or set in motion the circumstances that resulted in the injuries sustained.
Due to the fact that we encounter them so frequently, it is unlikely that anyone would credibly dispute the fact that car wrecks are commonly encountered in virtually all communities. It is unfortunate that these incidents produce quite a strain on our economy, not to mention the impact on victims' lives. Injuries sustained in motor vehicle accidents often produce pain that will last for months or years, thousands of man-hours are lost annually, and, in many instances, permanent disfigurement and/or loss of life occurs. Studies published from the Spine Research Institute indicate that as many as 45% of individuals suffering from chronic neck pain do so as a result of injuries sustained in a motor vehicle collision.
Due to the large number of lawsuits filed each year as a result of injuries sustained in car wrecks, we have a tendency to view those injured individuals who file such claims as doing so for some inappropriate purpose. It is important to note that injury sustained in a car wreck can range from minor to catastrophic. It is sad to see individuals who have sustained lifelong and irreversible brain injuries as a result of someone's carelessness when behind the wheel of a car.
Insurance carriers spend millions of dollars annually attempting to introduce legislation to put a cap on an individual's ability to receive compensation for injuries sustained as a result of a car wreck. This Is oftentimes done while portraying insurance carriers as entering into the situation with "clean hands." Unfortunately, it is not uncommon for insurance carriers to create a tremendous amount of harm due to their refusal to pay for legitimate claims and/or egregious conduct toward plaintiffs.
Statistically, car wrecks are the leading cause of death among individuals 15 to 20 years of age. It is also estimated that approximately 7% of individuals who get behind the wheel of a car are actually involved in approximately 15% of all fatal car wrecks.
What happens immediately following a car wreck? Irrespective of the severity of the impact, virtually any car wreck will be traumatic to the individuals involved. Immediately following the incident, individuals often find themselves very nervous, frightened, agitated, and eager to assign blame to the other party. At a time when you need to have your emotions and faculties under control, they are strained and individuals aren't thinking clearly.
In addition to many of the other frustrations encountered, individuals often readily realize that they now have unanticipated expenses and inconvenience. How are they going to pay for the repair of their vehicle? Are they going to be able to return to full employment? Are they going to be able to make mortgage payments, etc.? All these questions run through individuals' minds. It is just at times like these that lawsuit loans and same day car accident settlement loans can prove very useful to individuals who sustain injuries in car wrecks.

ECO Pre-settlement Funding is a national pre-settlement funding company and nationwide provider of slip and fall lawsuit loans for accident victims who have suffered devastating slip and fall injuries due to third-party negligence. Our financial institution is proud of the fact what we have been able to provide financial support for slip and fall claimants throughout the United States.

It's important to understand that this type of lending can be expensive and should only be used as a last resort. If you are going to apply for an advance against your case you must have your attorney review the contract before signing off. You must make sure there is a clear rate schedule outlining all the fees associated with the advance. This includes administration and underwriting fees as well as the long term rate of an advance extending over a year if applicable. If you are searching for additional information on medical malpractice lawsuit funding, visit our site today.