If you have been injured in an accident that was not your own fault, and make a successful South Ribble, no win no fee* accident compensation claim, you could suddenly find that you have more money than you have ever had in your life.
This could be for a number of reasons, and it could be that a large chunk of it is to replace the extra expenses you have had to pay out because of the accident. But now you need to think carefully about what you can do with the money.
What you can do with the compensation from your South Ribble, no win no fee* accident claim
The amount you have received could range from a few hundred pounds to hundreds of thousands, especially of things like 24 hour care are going to be needed for the rest of the victims life.
The first thing you need to consider is why have you been awarded a large amount, and do you need to set some aside to cover future payments you will have to meet.
If you have claimed benefits to help you survive while the claim was being sorted, you need to tell the benefits office about your award. Circumstances differ, but some victims have to pay part of the benefit back. If you do not all least tell them about the compensation, they could prosecute you for fraud.
If the award is to a child under 18, the courts can insist that most of it goes into trust for when they are older, and they will set the age at which they can access the money.
Putting all these things aside, the money is yours to spend however you wish. You can blow every penny on a holiday, a new car or anything else, no one has any say in how the compensation is spent.
Getting the compensation for you South Ribble no win no fee* accident claim
Before you spend it though, it has to actually arrive in your bank. You need to make the claim and the easiest way to do this is to let Accident Advice Helpline do it for you.
The amount you are awarded depends on may different factors, every one of which will be looked into by our expert solicitors when they are making your claim.
Because there are to many things to be accounted for though, it is impossible to tell you how much you will receive at the start of a claim. The best we can do is give you an estimate based on previous awards, and you can get this by completing the 30 second test on our website.
No everyone likes to use the Internet though, so there is also the option of calling our freephone helpline on 0800 689 0500 and chatting to our friendly and helpful advisors. They will answer any questions you have and give you all the information you need, free of any charge or obligation to use our services.
Date Published: 5th November 2014