Can an Injured Car Wreck Passenger Apply for a Lawsuit Loan?

Published on Mar 4, 2021 at 8:17 pm in Car Accidents.

Smashed headlight on car

If you’ve been injured in a car accident, you may be seeking your legal options to recover compensation that will cover the expenses of your injuries and damages. This situation doesn’t change if you were a passenger in a car. Someone still caused the accident that led to your injuries and losses. It’s possible that the driver of the car you were in was at fault or you were struck by a negligent driver. However, the legal process can be complex and time-consuming. You may have bills that you need to pay now. It is possible that as an injured car wreck passenger, you can apply for a lawsuit loan.

Lawsuit Loans and Their Benefits

When you’re going through the legal process after you’ve been hurt, you’re likely dealing with medical expenses, time away from work, and other financial losses. This doesn’t change if you were a passenger in a car accident. You were still hurt and your losses could have been prevented.

As you’re trying to physically recover from your injuries, you need to afford the treatment while you’re not working. This can create a financially difficult situation, especially when the medical bill due dates get closer. You may wonder how you’re going to afford those expenses on top of your regular expenses.

If this is happening to you, there may be some options available to you. Preferred Capital Funding offers solutions to those currently waiting to get justice but the process is moving slowly. You can apply for a lawsuit loan. This can give you the funds you need now. You can take care of your expenses, get the weight of bills and deadlines off your mind, and focus on your legal case and recovery. Then, as your legal matter resolves, you can pay back the funding you received.

This route can help you navigate the legal process, recover from injuries, and handle your expenses without having to take on late fees or deal with harassing phone calls from debt collectors. You can get the financial security you need.

Applying for a Pre-Settlement Funding

Before you go through this process, you must first discuss it with your lawyer. They have to be willing to have pre-settlement funding as an option. If they do not, then you cannot apply for an advanced settlement.

If your lawyer will work with us, then we can proceed to discussing what your pre-settlement funding should look like. You don’t want to take too little so you’re not able to cover your expenses, but you also don’t want to have too much and then have a debt larger than your compensation at the end of your case. Your lawyer will help and advise you on the amount you should seek.

You may also be wondering about the application process and what we check. When you’re applying for a lawsuit loan, your employment status and credit score aren’t taken into account. We assess the likelihood of you receiving compensation for your injuries and damages. If it’s likely you will, this makes it more likely for you to be approved.

We take on that risk because if you don’t receive compensation for your claim, you do not have to pay back the loan from us.

Seek Your Options with Preferred Capital Funding

As an injured passenger in a car accident, your legal matters may be confusing. There could be multiple parties involved and various reasons for the accident to have occurred. For example, the driver in the other car may have been texting and driving, but the person who was driving you may have been speeding, which led to more severe injuries. Dealing with negligence, fault, and insurance companies can be difficult. While your lawyers are handling that, you deserve options to help you deal with the financial situation you currently find yourself in.

Preferred Capital Funding can provide you with the financial relief you need now. We’re ready to review your application. Once we receive the information from your lawyer and find out more about your case, then we will assess if you are eligible to receive funding and how much that should be. If you’re approved, the funds could be yours within 24 hours or a few business days. Then, you can take care of your expenses and move forward with a fresh start.

The application process is simple. You can apply here for pre-settlement funding today and begin the process to securing your financial future.

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