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Why Standard Repayment Models Aren’t Ideal for Lawsuit Loans

Published on Jan 30, 2020 at 6:04 pm in Lawsuit Funding Information.

When a preventable accident happens and someone is injured, personal injury law gives them the opportunity to seek compensation for their losses. While this process can result in monetary recovery for injured victims, it can take a long time to reach the finish line. While legal representatives work diligently to build and prove lawsuits, plaintiffs are often left to wait out the process. Depending on their situation and injuries, they may not be able to return to work for some time. As a result, it’s not uncommon for plaintiffs to experience financial trouble during the pursuit of a lawsuit. Fortunately, there are funding options.

While you may automatically think of personal loans and banks when you think about borrowing money, that is not the only option for those in the midst of a legal battle. Lawsuit funding exists specifically to help personal injury victims stay on their feet while pursuing a case. When you seek pre-settlement funding, you could have access to the money you need in only a short amount of time. One of the first questions you probably have, however, is how repayment works.

How is Pre-Settlement Funding Different than Bank Loans?

Published on Jan 24, 2020 at 10:40 pm in Lawsuit Funding Information.

If you’ve filed a lawsuit to recover compensation after an accident, you know that you have a long road ahead of you. It’s likely your case won’t settle for months, if not years. While the money you eventually recovery will pay for the losses you’ve incurred, there’s not always a lot you can do in the moment when it comes to affording medical bills, monthly expenses, and more.

If you research financial relief during a lawsuit, the two most common options you’ll see include lawsuit loans and bank loans. Determining which is right for you can be challenging, but with a better understanding of how pre-settlement funding is different than a bank loan and a discussion with your lawyer, you’ll soon have access to the funds you need to keep afloat during this difficult time.

5 Myths and Misconceptions About Pre-Settlement Funding

Published on Dec 17, 2019 at 12:03 am in Lawsuit Funding Information.

If you’re in the middle of a lawsuit and you’re struggling to get by, you may come across the process of pre-settlement funding. At Preferred Capital Funding, we provide plaintiffs with the money they need to pursue successful litigation with the help of an attorney.

The concept of legal funding can seem confusing initially, especially with the amount of misinformation about there. We’re going to debunk some of the most common myths and misconceptions about pre-settlement funding regarding legality, regulations, and the application process. Overall, it’s important to know that the funding we provide our clients with helps them move forward with their lives.

How Pain and Suffering Damages Are Calculated in a Request for Lawsuit Funding

Published on Nov 27, 2019 at 8:40 pm in Lawsuit Funding Information.

No matter what type of accident resulted in your injuries, the consequences are often expensive and lost-lasting. It’s likely you’re dealing with medical bills, lost wages, property damage expenses, and more. When you file a personal injury claim, you’ll be seeking monetary recovery for those losses. But, that’s not where the recovery stops.

The damages above are considered economic. They cover the calculable losses related to your accident. A large portion of a personal injury settlement, however, can come from noneconomic damages – like pain and suffering.

What Protections Are Offered After Being Approved for Lawsuit Funding?

Published on Sep 26, 2019 at 6:25 pm in Lawsuit Funding Information.

If you’re struggling with medical bills, monthly expenses, or daily living while in the middle of a personal injury lawsuit, you may feel hopeless. Fortunately, there are funding options that you can pursue. While traditional funding options can cause financial trouble, there are protections in place when you apply for lawsuit funding from Preferred Capital Funding. You’ll have access to the money you need, while fully understanding the terms conditions regarding the repayment amount and process.

We understand that there are a lot of uncertainties when it comes to lawsuits and pursuing compensation. That’s why there are certain guarantees worked into the lawsuit funding process. These protections revolve around the involvement of your lawyer, how repayment works, and what happens in the event your case doesn’t go as planned.

What’s Pre-Settlement Funding?

Published on Sep 3, 2019 at 6:26 pm in Lawsuit Funding Information.

It can take months or even years to settle a civil case. If you’re waiting for a pending lawsuit to resolve, it’s likely your funds are decreasing as your debts increase. This can put a family under significant pressure, especially if your lawsuit is for a personal injury claim involving serious injuries and medical bills.

In order to stay on your feet and take your lawsuit as far as you need it to go to get the compensation you deserve, pre-settlement funding is an option you can consider.

5 Things Your Lawyer Should Tell You About Lawsuit Funding

Published on May 30, 2019 at 7:05 pm in Lawsuit Funding Information.

If you’re in the midst of a personal injury lawsuit and you’re running low on cash, lawsuit funding may be the right option for you. You could have the money you need to pay for medical bills, accident-related expenses, and more in as little as one business day.

While we can answer any questions you may have, you’ll be working closely with your lawyer while pursuing funding. They’ll be able to tell you what your funding amount may be, your chances of approval, how your privacy will be protected, what the fees will look like, and what state laws could impact your funding.

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