If you’ve been injured or lost a loved one in an accident or incident that was caused by wrongful or otherwise negligent actions of another person, group, or corporation, you’re legally entitled to file a lawsuit against that party if you meet your state’s legal requirements. These types of lawsuits—ones that involve bodily harm or serious injuries which are detrimental to a person’s health, happiness, livelihood, and financial security—are called personal injury lawsuits. Filing this type of lawsuit is often the best way to speak against an injustice that was committed.
The goal of filing a lawsuit is to obtain compensation that can aid the recovery process and allow a suffering individual or family to move forward. Most personal injury lawsuits, however, take time to settle. Depending on the case and the circumstances involved, a case may take months to years to settle, especially if the case goes to trial. In instances like these when you and your family need financial assistance to make it through until your case finalizes, obtaining personal injury lawsuit funding may be an option.
At Preferred Capital Funding, we can help an injury victim and their family cover the costs of medical bills, living expenses, and other expenses until their pending personal injury claim is settled. We offer this compensation in the form of a pre-settlement funding which is handled in a way that best represents the needs of the person who was injured.
To learn how we can help, here is some more information about our funding options:
What Is Personal Injury Lawsuit Funding?
Pre-settlement funding is handled differently than most other types of funding options. The most notable difference is the way that repayments are handled. At Preferred Capital Funding, we do not charge any upfront costs. We don’t require monthly payments. Instead, we simply receive the repayment in one single sum when you’re awarded your successful settlement amount. If your case is not successful, you owe us nothing. This ensures that your funding is used for the necessary costs of recovery, medical costs, and living expenses to carry you through during your time of need.
We work closely with your personal injury lawyer to ensure that all requirements of the funding process are met. In order to qualify for lawsuit funding from our company, your attorney must be willing to work with us. The only other requirement is that you must be a plaintiff in an ongoing personal injury case. We do not ask for proof of employment, proof of income, or any type of minimum credit score.
Applying for funding is simple. All you need to do is fill out our initial online application and our underwriters will get back to you regarding your options after speaking with your attorney. We’re able to work with plaintiffs in most states. All fees and interest rates are calculated ahead of time so you know exactly what to expect when your case is settled.
What Types of Personal Injury Claims Qualify?
Almost every type of personal injury claim is eligible to potentially receive lawsuit funding through Preferred Capital Funding. Below you’ll find a list of some of the most common injury cases we fund for clients:
For a list of all the types of cases we fund, you can see a full list here. If you don’t see a description of your claim above or on our website, we encourage you to get in touch with us regardless. We have experiencing helping a wide range of personal injury clients and may be able to assist in your situation.
Apply for Legal Funding with Preferred Capital Funding
When you apply for personal injury lawsuit funding, all you’ll need to provide us with is your contact information, the type of case you have filed, and how much financial compensation you require. The amounts we provide tend to range anywhere from $500 to $500,000. Any compensation you receive can be used for past, current, and future medical bills, other related recovery expenses, living expenses, bills, and other necessary costs. The amount we offer will depend on the facts and circumstances of your individual case and is based on a portion of the predicted settlement.
After you get in touch with us, we’ll need to confirm your case with your lawyer. We’ll reach out to them for all of the details and additional information. After that happens, our legal underwriters will evaluate your request. In most cases, the entire process takes around 24 hours, but can take up to a few business days depending on the nature of your case and situation.
If we’re able to make you an offer, we’ll give you all the information you need upfront. You’ll know exactly how much you’ll be receiving and how much will be paid to us out of your settlement if your personal injury case succeeds. Your attorney will make sure our portion is paid when it is due, giving you the time you need to continue recovering.
As a victim of a personal injury accident or incident, hiring a lawyer is the smartest decision you could have made. Filing a lawsuit against the responsible party ensures they will never harm anyone again. Filing a legal claim also ensures you can make the best recovery possible. The next step to maximizing your recovery is to ensure you and your family have the financial assistance you need to make it through until your case finalizes. That’s where we step in and offer our services.
To learn if our funding is a good fit for you, apply for personal injury lawsuit funding online or by phone. Our pre-settlement funding specialists are ready to answer your questions.