MANASQUAN, N.J., June 18, 2015 /PRNewswire/ — Fair Rate Funding, an accident lawsuit funding company specializing in providing cash advances to car accident plaintiffs, reports several important statistics as they pertain to cell phone usage and car accidents. The industry leader reaffirms their commitment to provide financial aid to individuals injured in auto accidents through no fault of their own.
Recently, several studies were conducted on the impact of distracted driving on our roadways. According to some accounts, distracted driving contributes to 27% of car crashes, many of which result in serious personal injuries. That study, done by the National Safety Council (NSC.org), listed distracted driving third on the list of major causes of motor vehicle crashes. Distracted driving ranked behind alcohol (30%) and speeding (30%).
Another study, conducted by the National Highway Traffic Safety Administration (NHTSA), estimates the total economic cost of motor vehicle accidents at $277 billion. 27% of that number is roughly $66.5 billion and represents the total economic loss of car accidents which are attributed to distracted driving.
Fair Rate Funding, a leader in the car accident lawsuit funding arena, has seen a marked increase in cases where distracted driving was listed as a potential cause.
“Accident lawsuit funding applications for accidents caused by distracted driving was a rarity when we started this business in 2007,” said Paul Coppola, President of Fair Rate Funding. “In this day and age, it would be almost impossible to drive around and NOT notice someone using their smart phone. Distracted driving is a sign of the times, unfortunately.”
Coppola continued, “Accidents do happen, regardless of the cause, and personal injury lawsuits attempt to compensate victims of negligence. Unfortunately, receiving compensation in court can take time and many simply cannot afford to wait. Our business tries to bridge this gap with immediate financial relief.”
Fair Rate Funding specializes in advancing cash now for plaintiffs who are involved in personal injury lawsuits such as car accidents. Sometimes referred to as settlement loans or lawsuit loans, settlement funding is NOT a loan transaction but a purchase of a portion of a future recovery. If the lawsuit is unsuccessful for any reason and no money is recovered, the lawsuit funding is not repaid.
Fair Rate Funding, a lawsuit cash advance company, stands ready to assist car accident lawsuit plaintiffs with various lawsuit funding services if they have a lawyer already, including obtaining a lawsuit cash advance funding up to $250,000 today. To learn more about obtaining settlement funding on your automobile accident lawsuit or pre-settlement funding on a car accident case, visit: http://www.fairratefunding.com/automobile-accidents.html
Fair Rate Funding works diligently to afford accident lawsuit funding to its applicants and has representatives standing by 24 hours a day, seven days a week to answer questions regarding the lawsuit funding process.
Fair Rate Funding’s representatives are working around the clock to make sure each and every client gets the attention they need and to see them through to obtaining a cash advance. Fair Rate Funding is able to offer the lowest rates in the industry and will make the process as seamless as possible.
Fair Rate Funding accident lawsuit funding advances are not a lawsuit loan or lawsuit loans although they are often referred to as such. A pre-settlement lawsuit cash advance is not a settlement loan or settlement loans because the advance is only repaid if the case is successful. Your attorney will repay your case funding or lawsuit advance ONLY if your case is won or settled.
Fair Rate Funding prides itself on providing the quickest approvals – as soon as 24 hours on most cases, the lowest monthly usage rates – as low as 2.5% per month, and the most attentive customer service in the lawsuit funding industry.
Fair Rate Funding also offers free case evaluations. If you are at any time not interested in pursuing lawsuit funding, there are no costs to you and absolutely no obligations.
For more information about car accident lawsuit funding and other services from Fair Rate Funding, simply call one of our representatives at 888-964-2224 or visit us at http://fairratefunding.com.
SOURCE Fair Rate Funding