The legal process is complicated and slow. When you’re involved in a personal injury case, you may wonder when you’re going to get a resolution. For many, the resolution to a case means you recovering the damages you’ve suffered because of the accident. As the process continues, it may seem like your case could takes months or years. While it’s true that some cases can take a lot of time, it doesn’t mean you’re out of options for getting the help you need.
Pre-settlement funding provides plaintiffs with the compensation they need in a timely manner. Preferred Capital Funding will review your case and determine if you’re eligible for Indiana lawsuit funding. We’re dedicated to helping those who are dealing with injuries and other complications because of the negative actions of another. You weren’t the cause of the accident and it’s not your fault that getting compensation takes time. That’s why we’re here to step in.
What You Need to Know About Applying for Lawsuit Funding
Your case will need to have several factors present for you to be eligible to apply for lawsuit funding. You must first have a valid claim. This means you’re within the statute of limitations and your injuries and damages occurred because of the negligent actions of another.
If you have a valid claim, then it’s important to speak with your personal injury lawyer. The attorney representing you will need to agree to work with us. Our experts get information about your case from them. We need to determine if agreeing to provide you with pre-settlement funding is a low-risk or high-risk situation. It’s a risk on our part because if the case does not go in your favor and you do not receive compensation, then you do not have to pay the funding back.
We’ll work closely with your lawyer so we can reach a number that will help you take care of your expenses, but will not put you into further financial debt. Overborrowing could cause just as many issues in the future.
Don’t be worried about common roadblocks for other kinds of funds. Your employment status and credit score will not affect whether or not you’re approved for funding. When we’re examining your case in Indiana, we’re only concerned about the likelihood of you having a favorable outcome. If there’s significant evidence that shows how the other person acted negligently and their negligence caused your accident and injuries through no fault of your own, then you’re more likely to get approved.
Once you are approved, Preferred Capital Funding works diligently to provide you with your pre-settlement funding as quickly as possible. Let’s take a look at the various ways this type of funding can help you.
How Can You Use Pre-Settlement Funding?
The damages from an accident that resulted in injury can take a major financial toll on you. If your injuries require extensive medical care, prevent you from going back to work, or have damaged you property, then those costs could be overwhelming. No one should have to go into debt because of injuries that weren’t their fault.
You’re likely waiting for compensation for your injuries and damages, and then you will be able to cover your expenses. However, these timelines may not go as planned. When your medical bills start coming in or you start to feel the strain of not working for a while, you may feel nervous about your financial future.
In some cases, the other side may be trying to prolong the process so you feel this way. This tactic could make people settle early—which could result in them getting less compensation than they deserve, and they’ll still run into financial issues when it comes to affording medical care and other expenses because of the accident.
When you have pre-settlement funding, you don’t have to worry about this. You have the funding that acts as the compensation you’re likely going to receive for your injuries and damages. You can immediately start paying back bills and know that you’ll be able to cover future expenses and continue to provide for yourself and others. When this stress is lifted off your shoulders, you don’t feel like you have to rush your legal proceedings or give in to demands that would result in an unfavorable outcome for you.
After your case concludes, you use the compensation you’ve received to pay back for the funding you borrowed. Then, you can move past the accident without worries about debt or being in other financially difficult situations.
Reach Out to Preferred Capital Funding
Financial and legal stress are a lot to deal with on your own. We’re going to do everything we can to help you through this moment. At Preferred Capital Funding, we understand how these struggles can invade your everyday life. You may have issues with focusing and staying present or may spend most of your time worrying. We’re here to provide you with an option so you can tackle your financial matters and not have to sit and wait for your case to resolve.
To apply for pre-settlement funding, you can contact us today. We’re ready to help.