Solicitor in Banham

A Lawyer and client shaking hands on the street.

How to cope with a sizeable compensation payout – solicitor in Banham

Obviously if you go for a compensation claim then you are hoping that it will be successful, and have ideas of how you need to spend the money before it even comes in. But if you are awarded a lot of money all at once, and more than you expected, then the money can actually come as a little bit of a shock, and this can be difficult to cope with. Any time you get a lot of money at once you need to be careful with it, so here are some tips for how to cope.

Keep it quiet

Any time you find a large sum of money going into your account at once, it can be tempting to tell everyone the good news. This is the last thing you should do as it can lead to all kinds of trouble, with friends and family asking you for money or treating you differently. Only tell those who will be affected by the money.

Make a list of what to spend the money on

Start with everything that was affected by the accident, such as your car, personal possessions and medical bills. Once all of this is paid for you can start to think of other essentials such as rent and household bills whilst you are getting back on your feet. Finally, non-essential and luxury items should be last on the list, and you should think carefully before you buy anything.

Hire an accountant

You will generally need to pay tax on large sums of money that you are awarded, and this can be tricky and mess up your accounts for the year. It is safest to hire an accountant, even if just for a short time, so that you can be sure your accounts will be up to date, and that you’ve paid everything you should have.

Finding a solicitor in Banham to make your claim

If you still want to go ahead with filing a compensation claim against the person or company who has caused an accident or injury which has affected you, then you can find a good solicitor in Banham and begin your claim through the Accident Advice Helpline.

Accident Advice Helpline has over 10 years’ experience with personal injury compensation claims, and works with experienced and dedicated injury lawyers who can work with you to get you the compensation you deserve.

Call the helpline on 0800 689 0500 or 0333 500 0993 from a mobile phone to speak to the team, who will talk you through the claims process and, if you are comfortable, pass you over to an in-house solicitor in Banham. Your solicitor in Banham will work on a 100% ‘no win, no fee*’ basis to process your claim, and will also work entirely on your behalf, so you shouldn’t have to go to court.

  • Was this Helpful ?
  • Yes   No

How much you could claim?

Two QUICK ways to find:
  1. Call us at 0800 689 0500 or 0333 500 0993 from your mobile OR
  2. Use our Claim Calculator

Disclaimer: This website contains content contributed by third parties, therefore any opinions, comments or other information expressed on this site that do not relate to the business of AAHDL or its associated companies should be understood as neither being held or endorsed by this business.

Claim Calculator
Find out in 30 seconds how much YOU could claim...
  • Please tell us where you were injured
  • Please enter your full name
  • Please enter a valid name
  • Please enter your telephone number
  • Please enter a valid telephone number
  • Terms and Conditions*Required

Can I Claim?

Esther says "The law states that if you’ve been injured and someone else is to blame, you are entitled to compensation." Read more >

Claim Calculator ► Accident Types ►

How Much Could I Claim?

It only takes 30 seconds to find out how much compensation you could receive. Take the 30 second test now.>

30 Second test ► Claim Form ►

Why Choose Us?

"When they say they are 100% no-win, no-fee*, they mean it. I would recommend Accident Advice Helpline to anybody." Read more >

No-Win, No-Fee*? ► Testimonials ►

Claim Now

"They were ever so professional ... they knew exactly what I was going through ... I received over £4500." Read more >

Claim Form ► Call Me Back ►
Is there anything wrong with this page? ( Help us Improve )