How Lawsuit Funding Can Help Improve Your Case
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.
In addition to standard expenses, having a cash advance gives you the opportunity to pay for medical treatment and surgery costs. Accident victims often require extensive medical treatment. For some, diagnostic testing, surgical intervention, physical therapy, and rehabilitation are included. It’s not uncommon for a single injured patient to rack up hundreds of thousands of dollars in medical debt.
If you are lacking sufficient medical insurance and are worried about medical bills, you may avoid getting the medical treatment you need to heal and get your life back in order. With pre-settlement funding, you can access the quality treatment you need—when you need it.
Take the Time You Need to Settle
It’s not uncommon for insurance companies or defending attorneys to try to offer you a settlement early on in order to avoid heading to trial—especially with a case that could take years to finalize. They understand the financial strain your under and will try to take advantage of that for their own benefit. Often times, the settlement offer will be much less than you deserve, and it won’t cover all of your accident-related losses.
When you work with a lawsuit funding company, you’ll have more time to consider settlement offers or proceed to trial if it comes to that. You won’t have to worry about settle quickly. While we know you don’t want to prolong your lawsuit, you should feel comfortable doing what it takes to get a fair result. If that means you need financial stability, a cash advance from us could provide you with that.
In addition to having more time to consider offers, your lawyer will have time to build a strong case on your behalf—whether they need to speak with experts, collect evidence, or work with reconstructionists to determine how and why your accident happened. You’ll be more likely to walk away will full and fair compensation if your lawyer has enough time to build a case that proves you were wronged.
The Benefits of Non-Recourse Funding
Some lawsuit loans have the ability to be non-recourse. This means that you only pay back your lending company in the event you win your case. Because we only take on cases with a high probability of winning, we’re assuming your lawyer will achieve a successful outcome. So, we absorb the risk for you. In the event you lose your case, you won’t owe us any of the money back.
It is important to note that non-recourse funding is not available in every state. To learn if you reside in a state where that is an option, reach out to one of our lawsuit funding specialists. We’ll be able to inform you of your options and help you make the best decision for your financial future.
Contact Preferred Capital Funding
If you’ve been injured because of someone else’s negligence and have decided to pursue a personal injury claim against them, you may be facing financial troubles. If that’s the case, it’s best to discuss your options with your lawyer. If they’re on board with the lawsuit funding process, submit an application with Preferred Capital Funding today.
We’ll review your situation, speak with your lawyer, and determine how much money to give you. We’ll explain the terms and conditions of the agreement before anything’s signed, so you know what to expect once your case is one. To learn more about the funding process or to get started, give us a call today.