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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.

What Protections Are Offered After Being Approved for Lawsuit Funding?

Published on Sep 26, 2019 at 6:25 pm in Lawsuit Funding Information.

If you’re struggling with medical bills, monthly expenses, or daily living while in the middle of a personal injury lawsuit, you may feel hopeless. Fortunately, there are funding options that you can pursue. While traditional funding options can cause financial trouble, there are protections in place when you apply for lawsuit funding from Preferred Capital Funding. You’ll have access to the money you need, while fully understanding the terms conditions regarding the repayment amount and process.

We understand that there are a lot of uncertainties when it comes to lawsuits and pursuing compensation. That’s why there are certain guarantees worked into the lawsuit funding process. These protections revolve around the involvement of your lawyer, how repayment works, and what happens in the event your case doesn’t go as planned.

What’s Pre-Settlement Funding?

Published on Sep 3, 2019 at 6:26 pm in Lawsuit Funding Information.

It can take months or even years to settle a civil case. If you’re waiting for a pending lawsuit to resolve, it’s likely your funds are decreasing as your debts increase. This can put a family under significant pressure, especially if your lawsuit is for a personal injury claim involving serious injuries and medical bills.

In order to stay on your feet and take your lawsuit as far as you need it to go to get the compensation you deserve, pre-settlement funding is an option you can consider.

5 Things Your Lawyer Should Tell You About Lawsuit Funding

Published on May 30, 2019 at 7:05 pm in Lawsuit Funding Information.

If you’re in the midst of a personal injury lawsuit and you’re running low on cash, lawsuit funding may be the right option for you. You could have the money you need to pay for medical bills, accident-related expenses, and more in as little as one business day.

While we can answer any questions you may have, you’ll be working closely with your lawyer while pursuing funding. They’ll be able to tell you what your funding amount may be, your chances of approval, how your privacy will be protected, what the fees will look like, and what state laws could impact your funding.

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