Victims of motorcycle versus auto accidents are often left to deal with serious physical injuries and piling medical bills. While pursuing legal action can give you the opportunity to receive the compensation you need to recover and are entitled to, the process can take a considerable amount of time. If you’re in the process of filing a personal injury lawsuit and need financial assistance now, you may find it beneficial to apply for motorcycle accident lawsuit funding that will allow you to maximize your recovery.
Considering how expensive medical care is, especially for serious injuries, it’s no surprise that accident victims find themselves in tight financial situations. Preferred Capital Funding provides individuals with lawsuit funding to help them during difficult times when a claim is pending. If you’re working with a lawyer and our underwriters approve your request, you’ll have access to the money you need to get your life back in order.
How Motorcycle Accident Lawsuit Funding Can Help You Recover Faster
Some of the most common causes of motorcycle accidents include drunk driving, speeding, distracted driving, and driver inexperience. When a driver is negligent, reckless, or careless, mistakes are easily made. While both parties can sustain injuries in a motorcycle accident when a larger vehicle is involved, it’s much more common for the motorcyclist to sustain catastrophic or even fatal injuries because of their exposure to the elements.
According to the Governors Highway Safety Association, motorcyclist fatalities are 28 times more common than passenger vehicle deaths. Grieving families shouldn’t be left to deal with the accident expenses on their own in situations like this—especially when the incident could have been prevented entirely.
When a motorcycle accident victim is treated at a hospital, the expenses add up quickly. Even minor injuries are likely to result in thousands of dollars in treatment. This could include treatments for broken bones or minor road rash. In the event a motorcyclist sustains a serious head or spinal cord injury, their bills could rack up to hundreds of thousands of dollars, especially if multiple surgeries or extended hospital stays are required.
We understand that your expenses don’t disappear while you’re waiting for your personal injury claim to settle. Our lawsuit funding company is here to help you rebuild your life quickly by providing funds for your crash injuries. With a quick and easy application, you won’t have to worry about hospital bills, repair expenses, or lost wages impacting your day-to-day life.
Understanding How Pre-Settlement Funding Works
Applying for pre-settlement funding can seem overwhelming, but the process is actually quite simple. Understanding how you can benefit from lawsuit funding can help you make the right decision for you and your family. When you apply, we won’t look at your credit score, employment history or status, or collateral. Instead, we’ll only need to verify that you have an active personal injury claim and that your lawyer is willing to work with us.
With motorcycle accident lawsuit funding, we’ll work with your legal team to determine the strength of your case and the likelihood of settlement. If there is clear-cut evidence against the party you’ve filed your claim against and we determine your case to be a good fit, you’ll have the money you need immediately. You won’t have to worry about incurring fees or interest charges, because all fees will be assessed and calculated prior to you receiving your funds.
Similar to an attorney’s contingency fees, you won’t owe us anything unless your case is settled in your favor. The money is repaid entirely through the settlement or verdict amount in one lump sum. This means that even after you receive your settlement award, you won’t have to worry about incurring additional interest.
Apply for Funding with Preferred Capital Funding
The initial application process for lawsuit funding is easier than you may think. All you’ll need to do is provide us with some basic contact information, what type of case you’re dealing with, and how much money you need. The funding we provide ranges anywhere from $500 to $500,000. The amount we offer will depend on the facts of your case. It will be based on a portion of the predicted settlement.
We’ll need to confirm your case with your lawyer. We’ll contact them for some details regarding your claim. Once that happens, our legal underwriters will evaluate and approve your request. In most cases, the entire process takes place over the course of 24 hours. While complicated cases could take a little longer, it will never take longer than a few business days.
You may be worrying about your credit score or income; however, you don’t need to worry about either. Your income or debts are not taken into account when determining whether you’re a good fit for pre-settlement funding. As mentioned, we just need to verify you’re currently pursuing legal action.
Once we’re able to make an offer, we’ll make sure you have all the information you need upfront. This includes making you aware of all charges and fees, so you know exactly what you’ll be paying before you get the money. We only get paid if and when your case resolves, and we’ll receive that payment as a single lump sum.
Learn More About Your Settlement Funding Options
As a motorcycle accident victim, hiring a lawyer is the smartest decision you can make when it comes to holding the responsible party accountable and ensuring you’re able to make the best recovery possible. Applying for motorcycle accident lawsuit funding can take care of your financial burdens now, so you can focus on recovery.
In most states, you won’t owe us a penny for your motorcycle accident pre-settlement funding if you lose your case. We take on the risk for you. Apply for lawsuit funding online or by phone. Our pre-settlement funding specialists are ready to answer your questions.