Driving is often the fastest way to get from point A to point B on a daily basis. Whether you’re heading to work, dropping the kids off at school, picking up groceries, or running other errands, it’s likely you use your car to get you where you need to be. The average driver in the United States is on the road for nearly 13,500 miles per year. While most trips end as expected, there’s always the risk of getting into an accident. If you’re struggling financially because of your injuries and have filed a personal injury claim, you may be eligible for car accident lawsuit funding.
In any given year, it’s estimated that there are six million police-reported traffic crashes. Many of those only result in property damage. Unfortunately, injuries and fatalities do happen. According to the National Highway Traffic Safety Administration, 37,133 people died in motor vehicle accidents in 2017, and even more victims were injured.
The legal system allows car accident victims the opportunity to seek compensation for their losses after a wreck. If you’re dealing with injuries, medical bills, and time away from work, you might not have access to the money you need as soon as you need it. That’s where Preferred Capital Funding comes in. If you’re working with a lawyer to settle a claim and need money now, applying for settlement funding could ease your burdens while you wait for your case’s verdict.
If you’re hesitant about applying, you should know that we won’t need to run a credit check or look into your employment status to determine if you qualify. There are no upfront fees or collateral required. If you receive car accident lawsuit funding from us and your case is a success, you’ll repay us with that compensation in one payment. You won’t have to worry about monthly payments or interest. If your claim is not successful, you won’t owe us anything.
Car Accidents That Qualify for Lawsuit Funding
There are a number of factors that affect how a car accident plays out, including road conditions and weather, but the most important involves the negligent actions taken by other drivers. Even with technological advancements improving the safety and reliability of our vehicles, reckless drivers still choose to speed, drive while intoxicated, text and drive, and break other laws that are in place to protect those on the road.
Responsible drivers who are unable to avoid a crash because of the dangerous decisions of another driver shouldn’t have to deal with the financial ramifications from injuries on their own. That’s why pre-settlement funding can help. Car accident injuries vary greatly. Their severity depends on the type of crash, the location of the occupants in relation to the impact, and the general health status of the occupants prior to the incident.
Typical auto accident injuries generally heal over time and the victim can return to their previous way of life. The most common include the following:
- Broken bones
- Cuts, scrapes, or bruises
- Soft tissue injuries like whiplash
- Head injuries
- Knee trauma
- Sprains and strains
When a crash occurs at high speeds or is between two vehicles of significantly different sizes, the injuries are likely to be worse. Catastrophic injuries, which can impact a person’s ability to be gainfully employed, include traumatic brain injuries and spinal cord injuries—both of which can result in lifelong mental or physical impairments requiring expensive treatments. When you apply for funding with us, you don’t have to watch your medical bills pile up.
Pre-Settlement Funding and Larger Settlements
Our funding company gives personal injury victims a portion of the money they will presumably receive in their settlement so they can pay for their medical bills without it hurting them financially. In some cases, you could wind up with a bigger settlement.
Insurance companies recognize that car accident victims are often strapped for cash because of their extensive medical bills. As a result, they may try to force an early settlement to improve their own bottom line. What they offer is likely to be extremely low and unfair. But, when you apply for pre-settlement funding, you won’t have to worry about your finances.
In addition to that, some complex car accident claims can take years to settle. Your lawyer needs time to build and present a strong case. When experts get involved, the process can get even more complicated. Your wallet may not be able to handle years of legal proceedings and negotiations, which is why you could benefit from working with a lawsuit funding company.
Knowing What to Do Before Applying for Injury Funding
You may feel overwhelmed by the idea of applying for monetary recovery for your injuries, but the process is easier than you may think. You can prepare by talking with your lawyer and estimating the amount of funding you’re going to need.
Some personal injury law firms are unwilling to cooperate with lawsuit funding companies. You’ll need to discuss your options for obtaining funding. Even if you have a solid case, we won’t be able to fund you if your attorney won’t work with us. We’ll need to discuss the ins and outs of your case with them. If they are willing to work with us, you’ll want them figure out how much money you need.
As with most money-related decisions, there’s no harm in being frugal. Limiting the amount of money you apply for will help decrease the amount you pay back. Because we take on the risk that you will lose your case, calculated fees and interest are added to your total before we give you the money. If you request more money than what you’re likely to get from a settlement, you could end up in a difficult position later. Discussing your options with your legal team and our specialists is a good idea.
Car Accident Pre-Settlement Funding from Preferred Capital Funding
If you’ve been injured in an automobile crash and are trying to deal with the consequences while taking legal action, car accident lawsuit funding can relieve you of your financial burdens. If you’re ready to apply, we’ll discuss the merits of your claim with your lawyer. If you have a strong case, we may be able to provide you with settlement funding so you can get your life back in order as quickly as possible.
If you’re ready to move forward from your car accident and take control of your future, apply for lawsuit funding today. You could have the money you need in as little as 24 hours.