Defective Product Lawsuit Funding

When you purchase a product, you expect it to work as intended without any consequences. Unfortunately, negligent manufacturers allow defective products out on the market. As a result, unsuspecting consumers are wrongfully injured. If you’ve been injured by a defective product and are in the midst of filing a personal injury claim, defective product lawsuit funding could help you pay your medical expenses and other bills while your claim settles.

Product liability litigation is complex. There may be multiple parties who are at fault for the defect. A thorough investigation needs to happen to trace everything from the planning of the product, to its production, testing, distribution, and finally how and where it was sold. If you were injured, it’s easy for hospital bills and medical expenses to pile up. Because of how complicated filing a defective product claim can be, you might not have the money you need to live comfortably and recover properly. When you apply for pre-settlement funding from Preferred Capital Funding, you could have the money you need in a matter of days.

What Makes a Product Defective?

For a product to be considered defective, you need to prove it did not operate or perform as it was advertised or according to its original purpose. In product liability litigation, there are three common types of claims: design defects, manufacturing defects, and marketing defects.

A design defect is a flaw in the engineering of the product. As a result, the product may become dangerous. A design flaw affects all of the products that were made—not just the one that harmed someone. This is because every device will have the same design and, therefore, the same defect. These mistakes often arise when companies try to cut corners early in the development process to save money.

When a manufacturing error is made, it’s possible that only one device or one lot of products is defective. If a manufacturer doesn’t comply with the design specifications, poor quality materials are chosen to save money, or the proper testing isn’t done, a defective product could wind up injuring someone.

Marketing defects refer to inadequate warning labels or instructions, which prevent the user from being aware of how to safely operate or apply the product. This can also happen if the description of the product promises something that the product cannot do or does incorrectly.

Examples of Defective Products and Devices

Any product you come across could be defective. The following are categories defective products are commonly found in:

  • Chemicals and Cosmetics. Household cleaners and cosmetics, like those used for personal hygiene, should be properly tested before they’re released for sale. In the event a defective product is put on the market, the user could suffer from injuries like chemical burns, rashes, or other skin conditions.
  • Food and Agriculture Products. When food, beverages, and agricultural products are mass-produced, there’s a risk for a product liability claim in the event the products are contaminated and cause food poisoning or other illnesses.
  • Medical Devices. Medical devices, like heart valves and hip replacements, are supposed to improve the quality of life for the patient having the device implanted. Unfortunately, negligent manufacturers use cheap parts that end up injuring the patient. A person with a defective medical device may need to undergo additional surgeries to have the device removed.
  • Automotive Parts. Automobile manufacturers are supposed to design and produce vehicles that keep the driver, passengers, and pedestrians safe. When an important part of the vehicle, like the brake system or steering column, malfunctions, the driver could lose control of their car and get into a crash.
  • Pharmaceutical Products. Drug manufacturers don’t always comply with the regulations set by the Food and Drug Administration (FDA). They are also supposed to warn doctors and possible consumers of any and all potential side effects. When they neglect their duty and someone is injured, they should be held accountable for their actions.

How Can Lawsuit Funding Help You Recover Faster?

When you enter a legal battle against a product’s manufacturer, the process could take months or even longer. We understand that you don’t always have the monetary funds you need to pay for recovery. The insurance company will also recognize this, and they might try to persuade you to settle early for less than you deserve. If you apply for a lawsuit funding, you’ll have access to the money you need so you can focus on getting your life back in order and building a strong case against the negligent party that caused your injuries.

Lawsuit funding will also give you the opportunity to clear out debts without them looming over your head. Medical treatment is expensive, and it can be difficult to pay your monthly bills when you’ve got added hospital bills. Our settlement funding ranges from $500 to $500,000, depending on your unique circumstances. Once you win your case, you’ll pay us back in full from the compensation you’re awarded. If you don’t win, you won’t owe us anything back.

Learn If You Qualify for Injury Funding Today

Applying for defective product lawsuit funding is fast, easy, and risk-free. Qualifying is just as simple. All you need to do is prove to us you are currently pursuing a personal injury claim because of injuries you wrongfully sustained, you have strong evidence against the defendant, and that your lawyer is ready and willing to work with us.

If you’ve spoken with your legal team about the matter and are struggling financially while your personal injury claim is active, apply for your funding online or give us a call. Our legal underwriters will evaluate your application and contact you with information on how to proceed.

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