If you’ve ever been in a car accident in Georgia, you know how inconvenient it can be. From dealing with your car insurance company to being without your vehicle while it’s in the shop, post-car accident activities can cost you a lot of time—and unfortunately money, too.
Money lost from a car accident isn’t just due to vehicle damage repairs. There’s also the chance you could get injured in a car accident in Georgia. If that’s the case, your injuries could result in financial difficulties. You may have to pay for hospital bills or doctor’s office visits out of pocket. Plus, if you work an hourly paid job, you could be out of income if you’re too injured to work.
There is a chance to recover these lost funds with a settlement. The only problem is you might not see the money right away—which is probably when you need it the most.
Rather than wait for a settlement, you could access much-needed funds from a pre-settlement advance. Also known as a “lawsuit loan,” a pre-settlement advance can help pay for your car accident-related expenses like vehicle repairs, medical bills and even lost income if you find yourself out of work for a while.
What is pre-settlement funding?
Pre-settlement funding is a cash advance against your pending car accident claim or lawsuit. As previously mentioned, pre-settlement funding is also called a “lawsuit loan,” but that term isn’t correct. Loans must be paid back. Pre-settlement funding on the other hand is a non-recourse advance.
Visit Bridgeway Legal Funding’s Guide To Pre-settlement Advances to learn more about the pre-settlement funding process.
The importance of pre-settlement funding
You may think you’ll never need pre-settlement funding because you’re a safe driver and won’t get into an accident. As safe as a driver as you may be, you can’t account for other people’s bad driving habits. After all, did you know that there were more than 360,000 car accidents in Georgia in 2024, according to the Georgia Department of Transportation. Sadly, those car accidents in Georgia resulted in more than 140,000 injuries.
We hope you’re never in a car accident in Georgia. But if you are injured, and don’t have the money saved to cover the expenses, it’s good to have a financial backup. A pre-settlement advance can help keep you afloat while you wait to receive your full settlement.
So, if you know an unexpected medical bill, car repair (or replacement) or missed time from work could hurt your financial situation, keep pre-settlement funding in mind if you’re ever in a car accident in Georgia. This funding makes it so you don’t have to wait up to three years (yes, it could take that long) to see any money.
Pre-settlement funding also protects you from having to accept an offer that’s below your case’s value. Additionally, it helps level the playing field against large insurance companies that tend to have an infinite amount of resources and capital.
Let Bridgeway Legal Funding secure your pre-settlement advance
How do pre-settlement advances work?
With Bridgeway Legal Funding, you’ll go through a simple three-step process to secure a pre-settlement advance:
• You’ll discuss the accident with us
• We look over your case and estimate what it will be worth
• We offer you an advance of up to 10 to 20% of what your case’s estimated value
That’s it! Click here to learn more about our pre-settlement funding process and apply.
How long does it take to get pre-settlement funding?
Bridgeway Legal Funding helps secure a pre-settlement advance faster than others in our field. Bridgeway can accommodate you quickly if you’re in a car accident in Georgia. We’re set up to get cash into our clients’ hands within 24 to 48 hours.
Call us at 1-800-531-4066 or complete our short questionnaire to get your pre-settlement process started right away.
How much of a pre-settlement advance am I eligible for?
Our clients are usually eligible to receive up to 10 to 20% of their case’s value. We look at the following three factors to determine the case’s value:
• Liability—Who was at fault in the accident? Sometimes, liability is clear, like when a driver runs a red light and hits another car or rear-ends the vehicle in front of them. In less clear cases, such as a side swipe, each driver might share some fault.
• Damages—How much money will be awarded following the accident based on injuries and lost income? A number of factors are calculated to determine total damages including:
• Medical expenses and treatments (present and future)
• Lost wages (determined by how much work you missed times your current wage)
• Future work status (whether or not you can still work at all and/or perform your pre-accident duties)
• Insurance—You can typically sue for the amount of insurance coverage available at the time of the accident.
Drivers are required to carry at least the following amount of car insurance in Georgia:
- Bodily injury liability coverage: $25,000 per person and $50,000 per accident
- Property damage liability coverage: $25,000
- Personal Injury Protection (PIP): $15,000
- Uninsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident
- Uninsured motorist property damage coverage: $25,000 per accident with a $250, $500, or $1,000 deductible
Note: Uninsured Motorist coverages can be rejected.
These are the minimum car insurance requirements in Georgia. Chances are the person who runs into you has more coverage than this.
Click here to learn more about how much funding you can get for your pre-settlement advance.
How can I get a pre-settlement advance?
At Bridgeway Legal Funding, we’ll work with you to help you obtain the most pre-settlement funding possible.
Here are a few things you can do to improve your chances of receiving a bigger overall settlement:
• Hire a qualified attorney that specializes in motor vehicle accidents
• Maintain good records of your car accident, medical treatment(s) and injury/injuries
• Get a copy of the police report and collect names of any potential witnesses
• Make sure your law firm files a lawsuit quickly. The statute of limitations in Georgia is just two years from the date of the accident.