No matter what type of accident you’ve been involved in, dealing with injuries is always challenging. The physical and emotional trauma may be preventing you from returning to work as quickly as you would like, which means finances could become a struggle. If you find yourself in a situation where you’re dealing with delayed injuries, you’ll want to understand how they could affect the compensation you could obtain in a lawsuit.

If you’ve been in a car accident and are planning on taking legal action to seek compensation for your losses, you could be dealing with a lawsuit for months or longer. There are a number of factors that impact how long a car accident lawsuit takes to settle. As time passes, you may start to find yourself running into problems financially. If that’s the case, you could benefit from applying for legal funding through Preferred Capital Funding.

If you’re in the middle of a lawsuit and are struggling financially, you may be eligible for a pre-settlement case advance from Preferred Capital Funding. Litigation financing is essentially an advance on your future lawsuit settlement or award amount. You can use the money to pay your bills and manage other expenses while your lawsuit is ongoing. Let’s take a look at how lawsuit funding can help improve your case.

Take Care of Your Expenses and Medical Needs

Lawsuit loans give you access to money when you need it most. Depending on your lawsuit, it could take months or even years to settle. Cases that last a long time can be financially draining on any personal injury victim—especially if they’re drowning in medical debt and unable to work in order to properly recover. With lawsuit funding, you’ll have access to fast funds to cover bills and living expenses until your attorneys recover the compensation you deserve from the person that caused your injuries in the first place.

Injuries from a car accident can be devastating physically, emotionally, and financially. Each car accident has a different financial burden that depends on the amount of damage and injuries. Across the country, car accidents rack up an estimated $44 billion in medical and work loss costs each year.

The average claim for bodily injury, as reported by Verisk Analytics, is over $15,000. That might sound like a lot of money, but when it comes to medical bills, that’s relatively low. And since the costs of medical services tend to rise over time, those costs will only get larger.

No matter how low the bill may be, that doesn’t make it easier to come up with thousands of dollars for medical bills from an injury that wasn’t your fault. At Preferred Capital Funding, we can provide you with pre-settlement funding for those costs to help you stay afloat before your case settles.

When car accidents occur, sometimes the vehicle sustains damage. While most people can usually take a car to the shop to get it fixed and insurance will cover the costs of the damage, sometimes the vehicle cannot be repaired. Having a totaled car from an accident can be frustrating and you may not know what happens afterward. In these situations, you may be seeking legal options. Before you begin down a legal path, you may want to understand more about car totaling and what it means.

If you’ve been in an accident because of someone else’s negligence, it may have caused injuries and damages. As a victim of their negligence, you could have extensive medical bills, are unable to work at this time, and are experiencing pain and suffering as well. You can decide to seek compensation through a personal injury claim.

When you’re going through the legal process, many aspects of it can be confusing. While having a lawyer at your side to help explain everything can provide clarity on what’s happening, you may want to familiarize yourself with some of the common terms used when someone is filing a lawsuit. This way, you’ll feel a more comprehensive understanding of what you should know when you’re going through the legal process.

Preferred Capital Funding provides lawsuit funding to plaintiffs throughout the country. If you’re in need of funding while in the midst of a personal injury claim, we can help. Before applying, however, it’s important to understand the state requirements for seeking pre-settlement funding, as it could affect the terms and conditions you sign. Let’s start by taking a look at how states protect borrowers in regard to traditional funding options.

Traditional Funding Options: How States Protect Borrowers

To understand pre-settlement funding regulations, it’s important to understand the regulations that exist for borrowing money from a bank or other financial institution. With traditional forms of funding, the state and federal governments try to protect borrowers from unscrupulous lenders. Laws generally regulate the amount of interest a lender can charge and how the lender discloses the terms of the loan.

If you were in an accident and are now in the middle of a personal injury lawsuit, it’s possible you’re short on money. You may be dealing with insurance companies and hospitals that are demanding payment, or you could be struggling because your injuries required you to take an extended amount of time off work. If that’s the case, you may be asking yourself if you should get a personal loan while waiting for lawsuit funds.

Requesting and receiving money through a financial institution like a bank is something most people do at some point in their lives. If you’re thinking about going down that road, it’s important to understand what the process is like. It’s also important to recognize that you have other options. At Preferred Capital Funding, we offer plaintiffs lawsuit funding in the form of a cash advance. It’s important to understand how the different forms of funding work, so you can choose what’s right for you.

When a preventable accident happens and someone is injured, personal injury law gives them the opportunity to seek compensation for their losses. While this process can result in monetary recovery for injured victims, it can take a long time to reach the finish line. While legal representatives work diligently to build and prove lawsuits, plaintiffs are often left to wait out the process. Depending on their situation and injuries, they may not be able to return to work for some time. As a result, it’s not uncommon for plaintiffs to experience financial trouble during the pursuit of a lawsuit. Fortunately, there are funding options.

While you may automatically think of personal loans and banks when you think about borrowing money, that is not the only option for those in the midst of a legal battle. Lawsuit funding exists specifically to help personal injury victims stay on their feet while pursuing a case. When you seek pre-settlement funding, you could have access to the money you need in only a short amount of time. One of the first questions you probably have, however, is how repayment works.

If you’ve filed a lawsuit to recover compensation after an accident, you know that you have a long road ahead of you. It’s likely your case won’t settle for months, if not years. While the money you eventually recovery will pay for the losses you’ve incurred, there’s not always a lot you can do in the moment when it comes to affording medical bills, monthly expenses, and more.

If you research financial relief during a lawsuit, the two most common options you’ll see include lawsuit loans and bank loans. Determining which is right for you can be challenging, but with a better understanding of how pre-settlement funding is different than a bank loan and a discussion with your lawyer, you’ll soon have access to the funds you need to keep afloat during this difficult time.