Common Auto Accidents Where Victims Are Eligible for Pre-Settlement Funding

Published on Nov 8, 2019 at 11:30 pm in Car Accidents.

If you’ve been in an auto accident, it’s likely you’re dealing with physical injuries, emotional trauma, and financial struggles. When a lawsuit is added to your situation, the difficulties increase. Fortunately, Preferred Capital Funding offers pre-settlement funding to crash victims. With our help, you could have access to the money you need in just a few business days.

According to the Federal Highway Administration, three trillion miles are traveled annually across the United States. With approximately 253 million cars and trucks on the road, it’s no surprise that accidents occur regularly. Every year, there are more than six million car crashes. As a result 1.6 million people sustain injuries and 30,000 people lose their lives.

Car accident victims have the legal right to seek compensation from the negligent party. While the majority of claims settle before court proceedings are necessary, it’s not unheard of for a personal injury claim to go to trial. When this happens, it can be even more difficult for the injured party to maintain their everyday life. As expenses pile up and bills keep coming, it can be a challenge to refrain from settling for less than you’re owed. Fortunately, pre-settlement funding gives injury victims the opportunity to pursue full and fair compensation.

Common Types of Car Accidents

While you may think only serious crashes are eligible for pre-settlement funding, that’s not the case. Eligibility is only contingent upon you having filed a personal injury claim with the help of a lawyer. So whether you’re seeking compensation for minor injuries and property damage or you’re looking for monetary recovery for catastrophic injuries or a wrongful death, you can apply for a lawsuit loan from us. Some of the most common type of auto accidents we supply funding for include:

  • Rear-end collision. Rear-end crashes are the most common type of accidents. They occur when a car strikes the vehicle in front of it. Depending on the speed of the accident, the damages and injuries can be severe. One of the most common injuries related to these collisions is whiplash. Depending on the surrounding traffic, multiple cars could be involved.
  • Side-impact crash. Often called a T-bone, side-impact collisions often happen at intersections. Vehicle damage can be severe, and the passengers on the impacted side typically suffer significantly worse injuries than others in the vehicle.
  • Vehicle rollover. Rollovers typically happen with larger SUVs and commercial tractor-trailers because of their high center of gravity. Sharp turns and speeding are common causes.
  • Single car accident. Accidents involving one car typically involve fixed objects like a tree, pole, or fire hydrant. Some single car collisions involve pedestrians.
  • Multicar pileup. Accidents involving multiple cars are more likely to happen in high traffic areas like highways. If one or two cars crash, it can trigger a chain reaction. Injuries are likely to be worse if a truck is involved.
  • Head-on collisions. Head-on auto accidents are among the deadliest, especially at high speeds. They’re often the result of drunk or fatigued driving.

The list above is not exhaustive. If you have questions about pre-settlement funding, our experts are here to answer your questions. It’s also important to involve your lawyer in any discussion you may have regarding funding, as they’ll need to be on board for you to be eligible.

Why Choose Preferred Capital Funding?

There’s no need for you to struggle financially while your attorney is handling your lawsuit. When you work with Preferred Capital Funding, you could have access to $500 to $500,000 in as little as 24 hours after applying. You can use that money however you want. This will give you the opportunity to get back on your feet, and your lawyer will have the time they need to build a case that proves you were wronged.

When you receive funding from us it’s considered nonrecourse. This means that in the event you lose your lawsuit, you won’t pay us back. We absorb the risk for you, so you don’t end up in more financial trouble if the lawsuit doesn’t go your way. Because of this, we only provide funding to those with strong cases. We’ll need to discuss the matter with your legal representative before we make a decision on how much funding we’ll offer you.

Balancing a lawsuit with your everyday life is challenging. Applying for a pre-settlement loan can improve your situation and help you cope with the litigation process. If you have questions about our funding options or if you’re looking to apply, contact us today.

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