When you are facing a complex legal claim, you may not have the tools to make your case a success on your own. In fact, you may struggle to avoid getting your lawsuit dismissed by the judge if you do not have a lawyer on your side to provide all the experience and knowledge you need on your side. So, what can you do if you cannot afford a lawyer?
Many people see attorneys as too expensive, but that is not always the case. You may have specific options that can allow you the chance to sue with the coverage you need. Even better, you may be able to avoid paying out of pocket for your suffering.
So, if you are hurt and are unsure whether you can afford a lawyer, reach out for help getting the financial and legal support you need. Our team at Silver Dollar Financial is here to help with multiple Georgia pre-settlement funding. If you are hurt and are worried about the costs of an attorney, know your options before you make any decisions.
Getting a Lawyer on a Contingency Basis
When you are facing a lawsuit, you may need specific legal support to help you get compensated for your injuries or suffering. However, you may also be worried about the costs of paying for a lawyer upfront. Fortunately, you may be able to seek out a lawyer who works on a contingency fee basis.
Unsure whether you qualify? Knowing the specific limitations and what to expect from your lawyers is crucial before you file a claim or sign anything. Be sure you understand the rules on payment and the fees you can expect before you agree to anything.
Your Payment Is Based on Your Settlement
Contingency fees are fees based on the specific amount you receive from your compensation. These fees mean you will not have to pay out of pocket but that your payment is based entirely on your settlement. That means your price adjusts based on the success of your case.
If you agree to a 25% contingency fee with your lawyer, and your case settles for $1 million, you would pay your lawyer $250,000 directly from your compensation. However, if you only receive $10,000, you would not still owe $250,000, but instead $2,500. By making your legal fees contingent on the success of your case, you should never be left paying out of pocket for your legal services.
You do Not Pay If Your Case Is Unsuccessful
In some cases, you may not have a successful claim. This can happen for many reasons, from missing evidence to a strong defense from the opposition. In these cases, you may find your case dismissed without the compensation you need to recover from your suffering.
When this happens, you can expect not to pay anything for your case. When an attorney works on a contingency fee basis, and your payment is nothing, so too is their payment. That means your lawyer should work as hard as possible to achieve the best outcome for your case.
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Options for Pre-Settlement Funding
While you may be able to rely on a contingency fee basis for your legal fees, you may still be worried about the many other expenses that may arise as you prepare for a lawsuit. For example, your hospital bills may already be due, even though it may be months or longer before your claim has settled. In these cases, you may need options like pre-settlement funding to provide the legal support you need while you are handling your lawsuit.
Pre-settlement funding, also called lawsuit loans, are loans offered specifically in the context of your lawsuit. You and your lawyer can apply for these loans based on what you believe you will receive in compensation for your lawsuit. If approved, you can receive funding to be used on any expenses you may have without limits on how that money can be used.
This can be a great option for those who are injured and cannot work, leaving them without the financial support they need during their lawsuit. This funding comes without the high interest rates you may see for many other loan types, and you may only have an annual fee to pay as you pay back your loan. Even better, you may not need to pay your loan back if your claim is unsuccessful.
Other Options for Legal Services
If you are still unable to pay for your legal services, you may have other options for your coverage. Suppose your legal concerns are not covered by lawyers who work on a contingency fee basis. In that case, you may still be able to reduce the upfront costs of your legal matter and protect your finances.
In some cases, you may be eligible for pro bono legal services. Pro bono services are legal services offered on a volunteer basis, meaning the attorney is taking on your case without charge. Keep in mind that not all law firms offer these services, so you may need to research options in your area before you speak with a lawyer.
You may also qualify for help from a charitable organization offering legal services. These organizations may provide support for those dealing with specific circumstances who may not have the funds to cover their legal services alone. In these cases, you could rely on these groups to provide support during your most difficult times.
Reach Out for Help Affording Your Lawsuit
When you are facing a lawsuit, you may be worried about the costs of a lawyer. Because lawyers are professionals, often with decades of experience in a complex field, their services may be difficult to afford. For low-income families, it can be difficult to pay for an attorney, but without one, it is easy to make a mistake and lose your opportunity to get compensation.
At Silver Dollar Financial, we understand that legal cases can be expensive, and we are here to provide the support you need during this time. If you are concerned you cannot afford a lawyer, reach out to our team to learn more about our services and whether you may qualify for the pre-settlement funding we offer. To learn more, call or fill out our online contact form.