If you’ve been in a pedestrian accident, you’re likely pursuing legal options to hold the person accountable and get compensation for your injuries. You can use that money to pay off your medical bills, afford health care in the future, and cover other damages from the accident. But sometimes your settlement can take longer than you’d think. This doesn’t change the due dates of your bills or mean that you won’t have any expenses until you get your settlement. In these cases, you can apply for pedestrian accident lawsuit funding from Preferred Capital Funding. We can help you get the money you need while you’re waiting for your legal case to conclude.
How Does Lawsuit Funding Work?
The thought of getting funding to help cover your expenses may seem like a daunting task. The standard approval process usually involves a lot of your personal information, such as companies looking into your background and employment history. Then, you’re going to have to pay it back in monthly installments, and there’s also the matter of interest. But these aspects don’t apply to lawsuit funding.
Your pre-settlement funding is based on your expected compensation, so you know you’re getting an appropriate amount for your situation. Should you get a favorable outcome in your lawsuit, you will pay us back out of your compensation in one easy payment. If you lose your case, you don’t have to worry about how you’re going to pay us back in most states. We assume the risk that if we give you this funding, there’s a possibility you won’t win your case.
Applying for Pedestrian Accident Pre-Settlement Funding
Before applying for your lawsuit funding, there are a few tasks you have to complete. First, you need to discuss the matter with your legal representative. They have to agree to do this because if they aren’t willing to work with Preferred Capital Funding, then we cannot approve your funding. You will also decide what amount is appropriate.
If you apply online, you only need to fill out some basic information about yourself and your case. It takes less than 10 minutes to fill out. You could hear from us within 24 hours. Sometimes, the process may take a bit longer, but you won’t have to wait for more than a few business days. Preferred Capital Funding wants you to get the money you need as soon as possible, because we understand that your situation requires a sense of urgency.
Is Your Accident Eligible for Lawsuit Funding?
You may be wondering if your pedestrian accident incident has grounds to qualify for funding. We cover all types of personal injury cases.
While our underwriters review each individual case, you may be able to receive funding if another person was responsible for your accident and caused your injuries. You may find that your case is more common than you think.
The National Highway Traffic Safety Administration reported that there were 5,977 pedestrian deaths in 2017. Since 2008, pedestrian fatalities have increased by 46 percent in urban areas. Negligence is a major contributor to these numbers. There are many ways the person could be liable for your accident. Common factors include:
- Distracted Driving. Many drivers pay less attention to the road and more attention to their phones. People attempt to text and drive, send emails, or make phone calls while they’re behind the wheel. Their eyes are taken off the road and they relinquish full control of their vehicle, which can often lead to accidents.
- Drunk Driving. When drivers are intoxicated, they’re unable to safely operate their car. Unfortunately, this doesn’t always stop people from driving. Their slowed reactions and inability to process information of what’s happening around them make it more likely that they’ll hit someone.
- Speeding. When a driver is speeding, they have less time to react and slow or stop their vehicle. A speeding driver may not see a pedestrian until it’s too late, and an accident happens.
- Running Red Lights and Stop Signs. Sometimes, drivers will try to beat traffic lights or blow through stop signs. Pedestrians who are following traffic signs may be in the middle of a crosswalk when this happens.
Then, there’s the matter of what the person’s liability cost you. When it comes to pedestrian collisions, there are a number of ways that people can get hurt. Pedestrians don’t have any means of protection when a car hits them. Their bodies absorb the impact and likely suffer from severe injuries. If your injuries include any of the following, then you should apply to receive funding:
- Head and Brain Injuries
- Neck and Spine Injuries
- Loss of Limb
- Broken Bones
- Organ Damage
These injuries could possibly change your life forever and the costs can be astronomical.
Preferred Capital Funding Can Help You
Preferred Capital Funding believes in helping those who are currently in the middle of the legal process but need to start paying off bills now. Waiting for your lawsuit to settle may not be an option, and if you do wait, you can start getting into more financially troubling situations. Late fees and interest can add up quickly.
We want to help you get your life back on track. After speaking with your lawyer, apply for lawsuit funding today. You’ll get peace of mind that you’re taking care of yourself and can focus on your legal proceedings until they’re settled.