Learn why hiring an attorney can improve, not worsen, your financial situation after an injury.
Following a serious accident, whether it is a car accident, a slip and fall accident, or even a dog bite accident, you will more than likely be out of work due to your injuries. With medical expenses fast piling up—not to mention bills from everyday living expenses also growing—you may feel intense pressure to reach a settlement quickly. You might think hiring an attorney would only add to your expenses and make the situation worse.
In reality, hiring a skilled personal injury attorney is affordable no matter what your present financial circumstances may be. In fact, hiring an attorney can often ease the financial pressures you are facing after an accident. Here is why.
Hiring an Attorney Costs Nothing Out of Pocket
Quality personal injury attorneys like Fernando D. Vargas offer representation on a contingency fee basis. This means that your attorney will front all your legal fees, including their own retainer and hourly fees. These fees will then be repaid with a percentage of your settlement once your case is won. There is absolutely no risk to hiring an attorney on a contingency fee basis because if you do not win a settlement, you do not have to pay your attorney.
Hiring an Attorney Opens Up Financing Options
When you are out of work following an accident, it may become very difficult to make your mortgage payment or car payment, pay for groceries, and cover other basic living expenses. Hiring an attorney can help, because once an attorney has accepted your case, you will be able to pursue the possibility of taking out a loan against your future settlement. These loans carry high interest because the lender carries all the risk—if you do not actually win the expected settlement, you do not have to repay the loan. But if you do win a settlement, you have to repay the loan with interest out of your settlement.
An Attorney Knows What Fair Compensation Looks Like
The party liable for your injury—or their insurance company—will probably make you an offer shortly after your injury. It can be tempting to accept this offer without running it by a personal injury attorney first. However, this could be a serious mistake. You may end up accidentally accepting an amount of compensation that is less than you actually deserve and/or will not cover your future needs. By hiring an attorney, you can avoid this problem. An experienced personal injury attorney like Fernando D. Vargas has handled countless cases and can draw on this experience when evaluating your specific claim. You can rely on Fernando D. Vargas to accurately identify the range of compensation you should be aiming for and then fight aggressively to help you secure it.
