Arizona roads are some of the most dangerous in the country. If you’ve been injured in an accident that wasn’t your fault, you may be considering filing a personal injury lawsuit. Arizona is one of many states that employ an “at fault” (often called a “tort”) system for insurance claims. For a successful claim, a driver must show fault on the other driver’s part before insurance claims will be paid out.
If one has been injured in an accident, they may wonder how they will pay for the medical bills and other expenses. Lawsuit funding can help. This financing allows the victim to receive money before their case goes to trial, giving them the financial stability they need while waiting for a settlement.
But how do you find a reputable lawsuit funding solution in Arizona? Follow these three tips.
Do Your Research
The first step in finding a reputable lawsuit funding company is to do your research. You can start by asking for recommendations from friends, family, or colleagues who may have used a lawsuit funding company in the past. One can also check online reviews and consumer protection websites.
It’s important to remember that not all lawsuit funding companies are created equal. Some may have hidden fees or less-than-reputable business practices. Therefore, you’ll want to choose a company that is upfront and transparent about its fees and terms.
Some hidden charges may include:
- Application fees
- Brokerage fees
- Origination fees
- Documentation fees
Make sure to ask about all potential charges before applying for funding. You should also read the fine print carefully to avoid any surprises down the road.
Check Licensing and Accreditation
In Arizona, if you change lanes and collide with a car hiding in your blind spot, a police officer will probably issue you a ticket for violating this statute. There are many such laws on the books, and if you’ve been injured because somebody violated one of them, you may have a personal injury case.
To find a reputable lender, check whether the State of Arizona licenses them. The office of the Arizona Attorney General should have a list of all the licensed lenders in the state.
One can also check whether the Better Business Bureau accredits the lender. The BBB website has a search function where the victim can input the business’s name and determine its rating.
Check What Types of Cases the Company Funds
The lawsuit funding solution in Arizona you work with should be willing to fund various case types. It shows that they are experienced in the field and are more likely to have the resources to fund your specific case. For example, some companies only fund personal injury cases, while others may also fund employment disputes and other civil claims.
Some common cases which are eligible for funding include:
- -Commercial Litigation
- -Personal Injury
- -Medical Malpractice
- -Employment Disputes
- -Breach of Contract
The company should also be willing to provide the victim with a list of past clients they have worked with. It will give one an idea of their experience and success rate.
Whether you’re looking for a pre-settlement cash advance or funding after settling your case, you want to work with a reputable company. So do your research and ask around for recommendations. Once you’ve found a few companies that look promising, give them a call and see if they can help you with your specific case.