Being wrapped up in legal battles can be exhausting and expensive. Sometimes, it can take such a long time that paying to continue with the case may soon cause more losses than the compensation you’re pursuing. This can be a major deterrent for those who don’t have the funds to finance a claim. It can leave them with unjust settlements that are much lower than what they deserve because they couldn’t afford to keep going with the case. If you’re in this situation, you have options. Preferred Capital Funding can provide Illinois lawsuit funding that you need so you can see your case through to its proper conclusion.
When Would You Need Illinois Lawsuit Funding?
You may need lawsuit funding if you’re currently involved in a personal injury case. Typically, if someone acts in a negligent manner that results in an injury where you suffer financial losses, you can file a claim. You’re holding that person accountable for their actions and they should be the ones to cover whatever the accident cost you. For most people, this usually includes medical costs and damages.
Personal injury cases can arise from motor vehicle accidents. In 2016, there were 324,473 motor vehicle crashes in Illinois. 1,000 of them were fatal and 66,703 caused injuries. Collisions involving a fixed object caused the most fatalities with 282. The most injuries were caused in rear-end collisions with 20,174. Rear-end collisions often cause whiplash. The intense soft tissue damage is difficult to diagnose because it’s not a visible injury and sometimes you may not feel symptoms for a while. However, in a few hours or days, you may feel stiffness in your neck or have headaches. Soft tissue damage that’s left untreated can worsen, so it’s important to get the medical care you need as soon as possible.
Unfortunately, the cost of medical care can be high and the only reason you have to seek treatment is because of the negligence of another person. This is why you can file a claim, so they are the ones who pay for those costs.
There isn’t a guarantee that your case will swiftly progress. In fact, it may be drawn out to the point where it’s taking months or years before you reach a settlement. For a person who has expenses to pay now, merely waiting to receive compensation isn’t a feasible option. That’s where we come in.
Applying for legal funding takes minutes. After you discuss this as an option with your lawyer, you can fill out the application. You can use this funding to pay off those current bills and to afford medical care in the future if you need it. Ultimately, pre-settlement funding can give you peace of mind and you won’t have to rush through your claim.
All we need to know is your name, contact information, and proof that you have a personal injury case. From there, we will look at the requested amount. Approval can happen in as little as a day. At most, it could take a few business days to get you the money you need.
Working Within the Statute of Limitations
When you’re filing a personal injury claim, it’s important to know that you have a time limit where you can come forward to receive compensation. The statute of limitations for personal injury is two years in Illinois. It may sound like a long time, but those two years can pass by quickly. If you miss the window, you will not be eligible for compensation, which could put you in a financially difficult situation. The sooner you get started on your claim, the sooner you can get the help you need.
The knowledge that you’re within the time to file your claim will be a calming factor for you, and you can focus on how the case will proceed. Should it look like it’s going to be drawn out and the other side is going to make every move to try and get you to settle early, then you can seek funding from us.
You Can Apply for Pre-Settlement Funding in Illinois Today
If you’re waiting for compensation that you know will take a while to come through, we can help you get the funding you need. We don’t look into your personal or professional history. All we need is for your lawyer to agree to work with us. Apply online now for lawsuit funding so you can prioritize your health and recovery.