When a personal injury claim begins to take longer to settle than you expected, there are a few unforeseen consequences. The compensation that you’re depending on will take longer to get to you, and you have no way of knowing how much time that will take. Meanwhile, your past expenses and bills may start to pile up. Those companies don’t care if you’re caught up in the legal process. If you have injuries that are preventing you from working and receiving a regular paycheck, you may start to worry about how you’re going to stay ahead of your bills. Luckily, you have financial options. Preferred Capital Funding offers Iowa lawsuit funding, so you can quickly get the money you need while you wait for the settlement of your case.
Do You Qualify for Legal Funding in Iowa?
Qualifying for a lawsuit loan requires a few items. You must be an Iowa citizen currently involved in a personal injury case where someone’s negligent actions cost you financial damages. Your attorney must be willing to work with us. Without their cooperation, we cannot approve your pre-settlement funding.
Those are the main qualifications, although there is more you can do to prepare for your application. You’ll want to speak with your lawyer about how much you should apply for. Taking too little will mean you won’t be able to handle your current financial matters. If you take too much, you may have problems paying it back in the future, which will cause more financial stress that you don’t want. Having a clear and reasonable idea of how much you can apply for will help you solve your financial matters in the present and won’t be the catalyst for financial difficulties when it’s time to pay it back.
Common Concerns About Lawsuit Funding
When you’re already dealing with financial matters, you may be concerned about adding more financial responsibilities to your life. However, Preferred Capital Funding believes in helping those who need it, and legal funding is a solution to that problem. It’s not meant to trip you up and continue financial stress—it’s meant to alleviate it.
Granted, you may still have some questions about lawsuit funding and what it entails. Here are some common questions about our process and how you can receive funding.
How difficult is the application process?
Applying is easy and takes minutes. You can do so online or by phone.
What information do I need to provide?
Our process is simple and does not ask for any invasive information. Your employment status, credit score, and other financial matters are not needed. All you have to provide is your name, contact information, and we need to know that you’re pursuing a personal injury claim. We will also need to be able to get in touch with your lawyer.
When will I receive my lawsuit fund?
If your request is approved, you can have your funding within 24 hours. At most, the process can take a few business days. We move through the process as efficiently as possible so you can get the relief you need.
How does repayment work?
Repayment with lawsuit funding happens after you receive compensation for your personal injury case. Prior to agreeing to accepting funding from us, you will get the cost with fees upfront, so you know the total amount you will owe. Paying us back is done all at once in one sum, so the payments aren’t spread out over months. Once you’ve paid it back, everything is done.
You may be worried about what will happen should you not get compensation and could think that getting funding isn’t worth the debt risk. However, you do not need to pay back your funding if you lose your case. Along with your attorney, we take on the risk. None of it falls on you.
Get Pre-Settlement Funding in Iowa
Preferred Capital Funding offers lawsuit funds ranging from $500-$500,000. With our help, you can take care of your expenses and lift this burden off your shoulders. You can apply here today. If you have any questions, our team is always ready to answer them. We’re here for you.