When an accident occurs and you’ve been injured, you can seek compensation that will help you get medical care and recover other financial losses. As you’re going through the process, you will likely have a lawyer on your side to make sure you’re getting fair compensation. The legal process can take time and you may already have medical bills with due dates. While you may have a strong chance of recovering damages for your losses, this doesn’t mean that you’ll have it within a matter of days. This can cause significant pressure on you while you’re trying to recover from an accident. That’s where Preferred Capital Funding can help.
We offer pre-settlement funding that will allow you to get the compensation you’re owed and have the time you need to go through the legal process. When you have Minnesota lawsuit funding, you can pay off your past and current expenses and won’t feel like you need to settle early at the cost of your best interests.
What Are the Benefits of Lawsuit Funding in Minnesota?
Accidents affect the lives of innocent people all the time. You may have been involved in a car accident or were injured on someone else’s property. These accidents may only last for a moment, but their consequences can be devastating. Typical losses in a personal injury accident include:
- Medical Expenses
- Lost Wages
- Property Damage
- Pain and Suffering
- Loss of Enjoyment of Life
When you have a long recovery ahead of you, these losses can be overwhelming. Even with strong representation, the other party involved can make it difficult if they’re insisting you had something to do with the accident or that they weren’t at fault. This can draw out the legal process and move the finish line of getting fair compensation even further into the future.
Lawsuit funding can provide you with the compensation you would get from the legal process before you’ve reached a conclusion. You pay back the funding you’ve borrowed when your case concludes and you receive the compensation you’re owed.
This can go toward your bills as well as living expenses if you’re not able to work and you still need to provide for yourself and perhaps others. You don’t need to worry about accruing debt or having to take other measures to pay off bills that could result in further debt or future financial troubles.
We will calculate the funds you’ll need and you will know what you owe before your case is over. You don’t need to worry about hidden fees that will put you in financial stress in the future.
Now that you know how this type of funding can help you, let’s look into how the application process works and if this route is available to you.
How Do You Apply?
Before applying, you may worry about possible roadblocks that could prevent you from acquiring pre-settlement funding. While elements like your job history, employment status, and credit are considered for other types of funding, those do not apply to pre-settlement funding.
Another aspect of eligibility may also be tied to the validity of your case. Personal injury cases have a statute of limitations, or set time when the injured party can come forward with a claim. In Minnesota, you have two years to do so. If you’re seeking compensation after this point, you may not have a valid claim. Since you cannot seek compensation, then you will not have a case and aren’t eligible to apply for pre-settlement funding. Your lawyer will know the time you have to come forward and when you should apply for funding.
You attorney also needs to be willing to work with us. If they will not work with us, then we cannot get the information we need to properly evaluate your case. However, if they are, then we can proceed.
We’ll communicate with your lawyer to learn more about your case and the likelihood that you’ll get compensation. We take on the risk—meaning you don’t have to pay us back if you do not win your case. If it’s likely that you will, it’s more likely that you would be approved for pre-settlement funding.
Your lawyer will also help make sure that your funding will help you, not cause other kinds of problems. One concern you may have is the amount you receive—while too little may put you back to where you started, taking too much could mean that when you receive compensation, it will not cover the amount of the funding you borrowed.
Reach Out to Preferred Capital Funding Today
We understand how stressful this time can be for you. Our goal is to make our process as expedient and simple as possible. After you have your lawyer’s permission, you can apply for funding today. The experts at Preferred Capital Funding will review your case and determine if you’re eligible.
If you’re approved, we’ll work diligently to provide you with your funds as soon as possible. We’ll work with you so you can get the peace of mind you deserve. You can take care of your expenses and move forward with confidence in the future.