Recovering Financially After Filing an Employment Lawsuit

Published on Jul 29, 2020 at 7:05 pm in Lawsuit Funding Information.

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As an employee, you are entitled to certain rights—as established by the federal government. This means you are protected from discrimination, harassment, retaliation, and wrongful termination. In the event an employer breaches a federal anti-discrimination law, the employee has the right to file a lawsuit to seek compensation for their losses and suffering.

How Delayed Injuries Affect the Compensation Obtained in a Lawsuit

Published on Jun 25, 2020 at 5:54 pm in Lawsuit Funding Information.

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No matter what type of accident you’ve been involved in, dealing with injuries is always challenging. The physical and emotional trauma may be preventing you from returning to work as quickly as you would like, which means finances could become a struggle. If you find yourself in a situation where you’re dealing with delayed injuries, you’ll want to understand how they could affect the compensation you could obtain in a lawsuit.

How Lawsuit Funding Can Help Improve Your Case

Published on May 4, 2020 at 7:44 pm in Lawsuit Funding Information.

If you’re in the middle of a lawsuit and are struggling financially, you may be eligible for a pre-settlement case advance from Preferred Capital Funding. Litigation financing is essentially an advance on your future lawsuit settlement or award amount. You can use the money to pay your bills and manage other expenses while your lawsuit is ongoing. Let’s take a look at how lawsuit funding can help improve your case.

Take Care of Your Expenses and Medical Needs

Lawsuit loans give you access to money when you need it most. Depending on your lawsuit, it could take months or even years to settle. Cases that last a long time can be financially draining on any personal injury victim—especially if they’re drowning in medical debt and unable to work in order to properly recover. With lawsuit funding, you’ll have access to fast funds to cover bills and living expenses until your attorneys recover the compensation you deserve from the person that caused your injuries in the first place.

Should I Get a Personal Loan While Waiting for Lawsuit Funds?

Published on Feb 27, 2020 at 10:24 pm in Lawsuit Funding Information.

If you were in an accident and are now in the middle of a personal injury lawsuit, it’s possible you’re short on money. You may be dealing with insurance companies and hospitals that are demanding payment, or you could be struggling because your injuries required you to take an extended amount of time off work. If that’s the case, you may be asking yourself if you should get a personal loan while waiting for lawsuit funds.

Requesting and receiving money through a financial institution like a bank is something most people do at some point in their lives. If you’re thinking about going down that road, it’s important to understand what the process is like. It’s also important to recognize that you have other options. At Preferred Capital Funding, we offer plaintiffs lawsuit funding in the form of a cash advance. It’s important to understand how the different forms of funding work, so you can choose what’s right for you.

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.

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