If you’ve been injured in an accident that wasn’t your fault, you may be dealing with the physical, emotional, and financial consequences. The United States justice system gives personal injury victims the right to seek compensation against the party that caused their accident. While taking legal action can ultimately lead to full and fair compensation, it’s rarely a quick process. If you’re in the middle of a legal battle and are struggling financially, you can apply for Florida lawsuit funding through Preferred Capital Funding.
How to Know When Legal Funding Is Right for You
It’s surprisingly easy to know if a pre-settlement funding is for you. If you’re pursuing an active personal injury claim with the help of a lawyer, you are eligible. We understand that it can be challenging to pay your everyday expenses and piling medical bills when you’re also spending money on your personal injury claim. That’s why the eligibility for lawsuit funding is based on so few factors.
The plaintiffs we provide lawsuit funding to file claims in a number of different personal injury areas. Some of the most common are car crashes, truck accidents, wrongful deaths, and defective products. Automobile accidents occur every day in Florida. According to Florida Highway Safety and Motor Vehicles, there were 402,385 crashes just in 2017. That was a 1.67% increase from the previous year. Nearly 3,000 of those accidents resulted in fatalities and a total of 254,310 people were injured.
While car accident claims are a common reason plaintiffs seek funding from us, we’re here to help all personal injury victims. If you’re considering seeking financial help, you’ll want to understand the application process and what factors could affect the outcome.
How to Apply for a Lawsuit Funding in Florida
In order to successfully apply for lawsuit funding in Florida, you’ll want to speak with your personal injury lawyer. If they believe your case is strong enough and they are willing to work with us, you can start the process of applying for the funds you need.
With other forms of funding, you may need to provide personal, financial, and professional information. Preferred Capital Funding does not ask for your credit score, employment status, collateral, or financial history.
It’s important to understand that there are state laws that could impact your eligibility for funding. Florida has a statute of limitations that establishes how long someone has to file a personal injury claim. From the date of the accident, you have four years to file a lawsuit in Florida’s civil courts. If you neglect to file a claim within that window, you will not be able to seek compensation for your injuries. That also means that you will not have an active personal injury claim and will not be able to apply for pre-settlement funding. Working with a lawyer is the best way to ensure you have ample time to pursue compensation.
Another state law that specifically affects car accident victims is the no-fault car insurance law. With this system, it means that most injured car accident victims have to rely on their own insurance to cover their losses. The liable driver cannot be held accountable unless you experienced permanent injury, significant and permanent scarring or disfigurement, or significant or permanent loss of bodily function.
Recover Faster with Pre-Settlement Funding
Insurance companies know that personal injury claims can take months or even years to settle. In order to improve their bottom line, they may try to convince you to settle early for less than you deserve if they know you’re struggling to pay your bills and medical expenses. When you apply for lawsuit funding, you can recover faster, pay your bills, and give your lawyers the time they need to build a strong case on your behalf.
As mentioned above, the application process is fast and simple. If you’re ready to expedite your recovery process, apply today.