We Count Success in Dollars

How can you cover living expenses while your lawsuit is pending?

In the immediate aftermath of your car accident, you’ll likely find yourself dealing with medical treatment and how to place yourself on the road to recovery. While your top priority should be your health and well-being, it won’t take long for the financial realities of your situation to kick in. This will probably leave you feeling stressed about how to pay for your medical care and how you’re going to make ends meet at a time when your injuries prevent you from working.

So, what can you do to pay your bills after being injured in a car accident?

From a long-term perspective, taking legal action against the driver who caused your accident and your injuries is probably your best option. A personal injury lawsuit, when successful, can lead to the recovery of compensation for your damages, including those that are economic and non-economic in nature.

But your legal claim can take several months to play out. How are you going to make ends meet in the meantime? Here are a few options that might be at your disposal:

  • Talk to your medical provider: Even if you have good insurance, you can quickly see your responsibility for your medical bills quickly accumulate. Unless you have an extensive amount of savings, these bills can threaten your financial stability. Fortunately, many medical providers understand that you may be unable to immediately pay your bills. They also understand that you might be in a better position to pay those bills once your personal injury case resolves.

As a result, by talking to them, they may agree to hold off on collecting medical debt until your case comes to a close. This is often referred to as a medical lien, where the hospital takes an interest in the outcome of your case so that it gets paid once your case resolves.

  • Ask loved ones for help: A lot of people are uncomfortable asking for help. But you shouldn’t. Your friends and family want to help you as much as they can. Therefore, you should seek out their support when you need it. We know this can be an uncomfortable thing to do, but that’s why this may be your last option. You can also make borrowing from these individuals a little easier if you create what equates to a borrowing agreement. This can help put everyone’s mind at ease by specifying obligations and responsibilities tied to any money that is loaned out.
  • Consider a lawsuit loan: You’re going to have to make sure you have ample financial resources to cover your daily living expenses. This can be difficult to do, but there are options to help provide you with relief. One of them is a lawsuit loan, where you borrow money with a promise to pay it back. However, it’s important to keep in mind that these loans are subject to interest, and you have to pay them back even if your lawsuit is unsuccessful or you end up recovering less than you expected from your legal claim.

Work to protect your financial future

The outcome of your personal injury case can have a tremendous impact on your future. If successful, it can provide you with the financial resources that you need to pay for the medical treatment and rehabilitation that you need and deserve. It can also provide you with financial stability so that you don’t have to worry about working while you focus on your recovery.

But in order to increase your chances of winning your case, you need to present persuasive legal arguments, even if you intend to settle your case without ever going to trial. The good news is that you can have a strong legal professional on your side to help you make the arguments that you need to position yourself for success.

So, if you want to learn more about what a lawyer can do for you in your personal injury case, please don’t hesitate to reach out to one who you think is right for you.