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Understanding State Requirements for Seeking Pre-Settlement Funding

Published on Mar 16, 2020 at 9:06 pm in Legal Information.

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.

Should I Get a Personal Loan While Waiting for Lawsuit Funds?

Published on Feb 27, 2020 at 10:24 pm in Lawsuit Funding Information.

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.

Why Standard Repayment Models Aren’t Ideal for Lawsuit Loans

Published on Jan 30, 2020 at 6:04 pm in Lawsuit Funding Information.

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.

How is Pre-Settlement Funding Different than Bank Loans?

Published on Jan 24, 2020 at 10:40 pm in Lawsuit Funding Information.

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.

What You Need to Know About Social Media When Filing a Lawsuit

Published on Dec 31, 2019 at 7:05 pm in Legal Information.

In today’s world, we often connect with each other through social media. Even though social media can be a great way to stay in touch with people you don’t see, it can be an outlet for some people to post very personal information to the public. You might think the people using social media are of the younger population, but actually the Pew Research Center claims that 72% of adults in the U.S. use at least one social media site.

In fact, 82% of adults aged 30 to 49 have at least one social media site, the most popular being Facebook. On social media accounts, you’re likely to post details about your life for your friends to see. But even if your privacy settings are set to the highest levels, that doesn’t mean that your posts are safe in the event of a trial.

5 Myths and Misconceptions About Pre-Settlement Funding

Published on Dec 17, 2019 at 12:03 am in Lawsuit Funding Information.

If you’re in the middle of a lawsuit and you’re struggling to get by, you may come across the process of pre-settlement funding. At Preferred Capital Funding, we provide plaintiffs with the money they need to pursue successful litigation with the help of an attorney.

The concept of legal funding can seem confusing initially, especially with the amount of misinformation about there. We’re going to debunk some of the most common myths and misconceptions about pre-settlement funding regarding legality, regulations, and the application process. Overall, it’s important to know that the funding we provide our clients with helps them move forward with their lives.

How Pain and Suffering Damages Are Calculated in a Request for Lawsuit Funding

Published on Nov 27, 2019 at 8:40 pm in Lawsuit Funding Information.

No matter what type of accident resulted in your injuries, the consequences are often expensive and lost-lasting. It’s likely you’re dealing with medical bills, lost wages, property damage expenses, and more. When you file a personal injury claim, you’ll be seeking monetary recovery for those losses. But, that’s not where the recovery stops.

The damages above are considered economic. They cover the calculable losses related to your accident. A large portion of a personal injury settlement, however, can come from noneconomic damages – like pain and suffering.

What Happens During the Process of Filing a Car Accident Lawsuit?

Published on Nov 21, 2019 at 9:05 pm in Car Accidents.

If you’ve been injured in a car accident and the incident was caused by the negligent actions of another or you’re being treated unfairly by an insurance company, your best course of action may be to consult with a personal injury attorney that can tell you if filing a lawsuit against the responsible party or the insurer is possible. By filing a lawsuit, you may be able to receive compensation that can go towards medical costs, recovery costs, loss of wages, pain and suffering, and more.

The process of filing a lawsuit can be complex, however, and takes time– especially if your case ends up going to trial. Why are lawsuits so complex and what does the process of filing one look like? Here’s some information that may be valuable to you.

Common Auto Accidents Where Victims Are Eligible for Pre-Settlement Funding

Published on Nov 8, 2019 at 11:30 pm in Car Accidents.

If you’ve been in an auto accident, it’s likely you’re dealing with physical injuries, emotional trauma, and financial struggles. When a lawsuit is added to your situation, the difficulties increase. Fortunately, Preferred Capital Funding offers pre-settlement funding to crash victims. With our help, you could have access to the money you need in just a few business days.

According to the Federal Highway Administration, three trillion miles are traveled annually across the United States. With approximately 253 million cars and trucks on the road, it’s no surprise that accidents occur regularly. Every year, there are more than six million car crashes. As a result 1.6 million people sustain injuries and 30,000 people lose their lives.

How Long Does the Average Car Accident Claim Take to Settle?

Published on Oct 23, 2019 at 3:04 pm in Car Accidents.

Car accidents can cause various degrees of injury, pain, and suffering. Depending on your injuries, other damages, and the factors that caused the accident to occur, it may be possible to file a legal claim against the at-fault driver. Your claim can seek compensation for medical bills, lost wages, property damage, and other costs that were caused by the collision.

Filing a claim against the person who is liable for your car wreck is one possible way for you to get justice for the hardship they caused. Since each case is different, it could take weeks, months, or even years to settle a car accident claim. Keep reading to find out what can prolong a case.

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