Why Does ‘No Win No Fee’ Exist?

Road traffic accidents cannot always be predicted. No matter how careful you are on the road, there could easily be some element – another person driving dangerously, a pedestrian, the weather, and more – that causes an accident. Accidents happen on a daily basis, and many people wanted to seek compensation for their road traffic accidents, but could not afford to do so. Therefore, the no win no fee model of claiming compensation was introduced. It meant that everyone who was eligible for claiming could do so without needing to spend many thousands of pounds. 

How Does No Win No Fee Work?

There are many lawyers who deal with the compensation claims that often come after road traffic accidents. And the majority of these solicitors will work on a no win no fee basis to help people get the financial compensation you deserve. This means that if you do not win the case, you will not need to pay your solicitor any fees. It also means that you only pay the fees after you have won – not upfront. This allows many more people access to justice and the right level of compensation after a road traffic accident. This will all be spelt out in the lawyers agreement with their client. 

The no win no fee model means that the solicitor – not the client – takes on all the risk for your case. In return for them winning, there is a ‘success fee’ to pay, and this will be a percentage of the money that has been awarded in compensation. The fees are recovered directly from the compensation, and the client will be given what is left over. You will need to sign a CFA, which is a Conditional Fee Agreement, which is legally binding, before this can happen, and this is the backbone of any no win no fee style of working. You should never sign a legal document after an accident without first reading it through to ensure that you know exactly what it is you are signing. Once you are sure, you should sign so that the work can begin. 

What Do You Need To Begin Your Claim?

In order to begin the process of a no win no fee claim, you will need to pass over some important information to your solicitor. After that, you can relax and let the healing process for whatever injury you have sustained work. The first thing, however, that you will need to do to start your road traffic accident claim is to have a consultation with your lawyer. Without this, your solicitor won’t know how to progress your claim, or what you want out of it at the end. During the initial consultant, you will be asked about the accident itself. You will need to detail how it happened, the date it happened, where it happened, and what injuries were sustained. 

You will also need to provide any contact details for witnesses (if there were any). In relation to your injuries, you will need to provide medical notes if you can. If you do not have them, a doctor’s letter detailing the problems and any outcomes will also work well. Your solicitor will want to know what treatment you have already received and if there is any more treatment to come. You will also need to provide details of your salary so that any loss of earnings can be calculated. The same is true for any other expenses incurred by the accident. Plus make sure you have your insurance documents to hand.

Don’t Lose It When It Comes To Your Lifestyle: The Easy Changes And Savings You Can Make

Our financial situation can have much to do with our lifestyles. There is no hiding from the fact that money helps us to be able to do the things we want to do in life. Buy those shoes, go on vacation, or spend time on the weekends enjoying being sociable. However, our finances can also hinder our chances to do that, if not managed correctly. 

When it comes to our financial situation it can often be a tricky road to navigate, but at this time of year especially it can become more of a focus. That is because we want to start planning for the year ahead, make savings where possible and also make some significant changes that we feel will have a positive effect on our lifestyles and how we feel. So what can we do to help that? With that in mind, here are some of the ways that you can remain in control of your financial situation, and therefore help you to make the most of it.

Image source – Pixabay – CC0 License 

Make wise decisions when it comes to necessary purchases

Sometimes we have to spend money, and this can be when we least expect it. Of course, with some big purchases they can be a little more considered, such as a house purchase which takes time and careful planning. Your car, for example, can be a big purchase you have to make when you don’t plan to, especially if your car is getting a little older. When it comes to spending large sums of money, you need to think about how you might pay for the items. A house deposit may be made up of savings, so this is when you need to be aware that once that money is spent in your home you lose that comfort and nest egg. A car purchase can be where you take a different approach to your spend, it might be that you choose to have a monthly spend and take advantage of a lease of hire purchase agreement or it could be that you use savings or a bank loan to help pay for it. The difference is that you can often plan for the big purchases, so make sure you consider all of the options. The next thing you need to think about is monthly budgets or overall costs, and also planning where possible to make savings to help with these situations. 

Switch up your mobile phone and tablet costs

Another cost that we don’t consider as being expensive but can be if we are outside of contract or haven’t got the best deal is our mobile phones and tablet costs. Many of us will have a monthly cost associated with the SIM cards that we use. It could be that you pay monthly for a line rental and extra benefits along with the latest phone, or the fact that you use a tablet out and about and need the GPS element so a SIM card is necessary. This is when you may want to look at things such as a mobile or Smarty tablet SIM to help keep those costs down. Often searching out a different deal can help you to make the most of what your monthly spend and also reduce the overall costs. This could be one area you see a surprise saving and could make a big difference to your disposable income or savings pots. 

Think about your household bills and how you can make savings

When it comes to your household costs we all have bills that we need to pay each month. This might be your mortgage or rental payment. It could be things such as energy bills, insurance, mobile phones which we have mentioned or even other items like TV subscriptions and broadband. So what can you do to ensure that you make the most of the costs and only pay what is necessary? By regularly checking that you have the best deal. Many companies like energy or insurance providers tend to save their better deals for new customers and do not repay loyalty like you might assume. A great tip would be to look at the costs you pay and use comparison sites to see if you are getting a good deal. Making the switch is easier than you think and most of the time the new companies handle all of the details for you. This could help you to only payout what is necessary when it comes to your outgoings, helping you to make a big saving each month. 

Looking To The Future And Keeping Your Finances In Good Shape

Fiscal responsibility requires a forward-thinking perspective. You have to think about the kind of financial situation you want in the future. This is difficult, of course. We all find ourselves preoccupied with present-day costs. You might be so focused on covering your current expenditures that you rarely give much thought to the potential state of your finances in 5, 10, or 20 years. However, whatever your age and whatever your current monetary situation, it’s always wise to think ahead. The pieces of advice in this post should help you to look to the future and keep your finances in good shape.

Start cutting back on unnecessary expenses.

You should start by cutting back on unnecessary expenses. This refers to more than just luxury expenditures. You should take a look at your basic costs. For instance, you might spend more money than necessary on your monthly utility bills. Perhaps you could insulate your walls, windows, and doors to trap heat more effectively and reduce the need to turn up your thermostat so high. You could also start using discount codes and other online deals to save money on your shopping. Buying the same goods for less money is an obvious route to take. You might want to check out this old navy coupon. If you’re going to buy clothes anyway, then it makes sense to get a discount. That should be your mentality when shopping. If you’re going to buy a particular product or service, then it makes sense to find the best possible price or deal online.

Look into options for automatic savings.

You might want to look into options for automatic savings if you want to look to the future and keep your finances in good shape. If you struggle to set aside money for later life, then this might be a great way to safeguard your financial future. If a fixed amount of your earnings are transferred from your bank account to your savings account on a monthly basis, then you’ll save money without having to think about it. You should set the monthly transferral date as your payday so you don’t spend your income before you have a chance to save it.

Invest, invest, and invest.

You don’t need to be a financial expert who trades on the stock market in order to become an investor. And investing doesn’t have to be a risky financial venture, either. The misconceptions surrounding investments are often deterrents for people who want to protect their finances, but investing is actually a way to protect your finances. Rather than letting your money sit in your bank account and gradually accumulate interest, you could invest portions of it in different areas and massively increase your wealth.

You just need to choose the right investment opportunities. You don’t need to jump in at the deep end. Many first-time investors look into the real estate market, for example. It’s a marketplace that makes sense to people. Properties are assets that are always valuable because people always need homes. Anybody with the right mindset can become a property developer, too. If you learn how to choose reasonably-priced properties in good areas, renovate them cheaply, and sell them at an increased value, then you could make a decent ROI per property. Do your research, get some help from estate agencies or other property developers, and start looking into good property investments that you could make.

Property and divorce: what happens to the family home?

Getting a divorce can be an extremely stressful process to go through, both emotionally and financially. If you’re planning to separate from your partner, there’s no doubt you’ll have a lot to think about, including what will happen to your family home. The chances are you will no longer want to live with your spouse, so it pays to know what your options are. To help you make an informed decision on what to do with your property, keep reading.

Put it on the open market

Selling the family home is common among separating couples. So, if you’re going through a divorce, this might be the best option for you. Putting your property on the market can be emotional, especially if it’s where you raised your children and somewhere that you have fond, happy memories of. However, from a financial perspective, selling your family home and splitting the equity with your spouse could offer you an easy, hassle-free way to deal with the mortgage, helping you both move forward during this difficult time.

Consider a cash sale

If you’re going through a particularly complicated divorce or you’re struggling to keep up with mortgage repayments or other bills, you might be keen to sell your home as quickly as possible. While you could put it on the open market, this may take longer than you’re willing to wait. Instead, you could consider a cash sale. By enlisting the help of a cash buyer such as Fast Sale Florida, you should be able to sell your property extremely quickly, regardless of the condition it’s in. You’ll also be able to avoid paying realtor or closing fees and future mortgage payments.

Agree for one spouse to continue living in the property You could come to an agreement with your spouse whereby one of you continues to live in the property. This means that you won’t need to worry about putting your home up for sale at all and instead you can arrange to have it refinanced under the relevant person’s name. In order for this to work, the person remaining in the property will need to qualify to take over the payments. If

you can afford for one of you to stay put, this could be a good option, especially if you have children.

Property is one of the most important assets that a couple can share, so deciding what to do with it during a divorce can be difficult. However, as long as you consider your options carefully, you shouldn’t struggle to make the right decision for you and your family.