How Early in the Claim-Filing Process Can I Get Lawsuit Funding?

Published on Aug 27, 2021 at 11:56 am in Lawsuit Funding Information.

Person signing documents

When you’re seeking compensation through a personal injury claim, you’re likely eager to have the matter settled as quickly as possible. You may have medical bills and other expenses to cover and you’re waiting for your compensation to take care of those costs. However, the legal process can take a long time. There are many factors that can affect this, depending on how severely you were hurt and how the other party involved is cooperating. When you have bills to pay, you may seek funding before your case is concluded. There are some steps to getting these funds and it’s important to know how early in the claim-filing process you can get lawsuit funding.

What Does Non-Recourse Mean in Regard to Pre-Settlement Funding?

Published on Feb 12, 2021 at 1:46 pm in Lawsuit Funding Information.

People in suits shaking hands across a table with another using a tablet

When you’re involved in a lawsuit and you’re seeking compensation for injures and damages you’ve suffered, you may find that the process is moving more slowly than you’d thought. While you may have strong evidence to support your side of the story, it can still take weeks or months for there to be a verdict. The medical bills or other expenses you’ve incurred because of your injuries may be due now and you may not be able to cover those costs without receiving fair compensation. In these cases, pre-settlement funding may help you move forward.

Recovering Financially After Filing an Employment Lawsuit

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

Calculator on red notebook

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.

Stethoscope on form

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.

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