Borrowing Against Your Claim

I have to tell you about one of the things that is the most miserable things we deal with in a personal injury case. Companies out there who want to lend you money against your claim. I’ve seen it too many times and it’s understandable, people run into financial problems as a result of an accident or being laid up as a result of malpractice. I know that sometimes you cannot work. Sometimes there are ongoing medical problems and you’re financially strapped. But, I have to warn you, whether you’re one of my clients or the client of any other attorney out there, do not borrow money from companies willing to take a lean on your personal injury claim.
A lean means that they attach their loan to that personal injury case and when your case is settled they’re right there like the buzzard ready to pick that settlement clean. Now you might think, ‘well they were good enough to offer me money so why not borrow it’? I’ll tell you why not, because the interest on that is astronomical.
You may think you’re only borrowing a thousand or two thousand dollars. But six months, a year or two years later when your settlement comes through you may find that the one thousand dollar or two thousand dollar loan, has now become a ten or twelve thousand dollar payback!
Think I’m exaggerating? Talk to some of the people you know that have been involved in some kind of a claim that have in fact borrowed the money and you will hear the stories from them of how terrible the amount of interest is they had to pay. Believe it or not, in the state of Florida it is absolutely legal for these companies to do that.
I’m warning you, do anything you can to avoid these companies. Go to your credit union, go to a bank, go to your mother or father or your cousin or your sister or some friend to help you out. But do everything you can to avoid these companies that want to take advantage of you during a very difficult time.
We can help you make those decisions. If you have any questions call us. We can help. Call us now. Our toll free number is 800-332-1992 or email us at info@qlaw.com. Check out our latest podcasts on iTunes for free at
http://goo.gl/srejbD

When Police Are “A No Show”

There’s been an interesting change in the investigation of automobile accidents in the state of Florida. Most jurisdictions today, from the local sheriff to your local police department, may not respond to an accident after you’ve called them. As long as there are no major injuries or hazard to the public safety, they don’t want to be bothered. It’s very time consuming and with budget changes in the state they no longer have the funds to go out to every accident. As a result, you’re often left standing there for a long period of time, assuming that someone is coming and make a report of the accident, take down the information of the driver that caused your accident and maybe even issue a ticket. Now-a-day’s that’s often not the case.
It’s important that you record all the information that you can about accident and the other driver/drivers involved. It’s you who will be making the report to the police after the accident is removed from the scene and everyone has gone. Be sure you get the other person’s name and address and above all get the name of their insurance company. Remember, they won’t be the ones repairing your car or paying your medical bills. It will be their insurance company and they are going to want proof before they pay a claim. Insist on getting that information from the other driver.
What if they don’t have that information? I would suggest you call the police back and insist that someone come out because that driver is telling you they don’t have any insurance. It’s against the law to drive in Florida without any insurance coverage. You must carry proof with you every time you operate a motor vehicle. Almost everyone carries a phone with them that is capable of taking pictures. Be sure you take as many as you can to show the damage, road conditions and general environment. Record not only the other drivers’ information but if there are witnesses be sure to take down their information as well so they can be reached later if you need a statement. At Q Auto & Injury Attorneys we’ve created an app for your iPhone or Android that will help you record all the important information and give you some tips on other things to note in your accident. The app is free at the iTunes Store or from Google Play. It really can be a handy thing to have if you ever need it.
Remember, if you’ve suffered an injury as a result of someone else’s negligence; an auto accident, a slip and fall, or more importantly medical malpractice call us. We can help. We’re here for you. Call us at 800-332-1992 or email us at info@qlaw.com.
Check out our latest podcasts on iTunes for free at http://goo.gl/srejbD.