Thousands of claims are filed each year after wrongful injuries and losses are incurred. While taking legal action against a negligent party can be beneficial in the long run and lead to compensation, the short-term toll can be serious. Lengthy personal injury lawsuits can significantly impact a family, especially their finances. With our office in St. Louis, Preferred Capital Funding is here to provide residents with Missouri lawsuit funding.
When you apply for pre-settlement funding through our company, you’re working toward ensuring your family is financially stable while your lawsuit is ongoing. If you’re a resident of Missouri and are considering applying, you’ll benefit from understanding how Missouri handles personal injury litigation and what will improve your chances of receiving the pre-settlement funding you need.
Missouri’s Personal Injury Statistics
When someone makes a reckless decision, they are putting others at risk. Whether they’re behind the wheel or working in a profession that focuses on caring for people, negligent actions or inactions can result in serious injuries or even death. Many of the plaintiffs we fund file cases in similar areas of litigation. Below are the most common incidents in Missouri that result in personal injury lawsuits:
- Car Crashes. Traffic accidents in Missouri are often caused by speeding, distracted driving, and drunk driving. According to the Missouri State Highway Patrol, 14,183 crashes caused injuries and 3,235 collisions resulted in fatalities in 2017.
- Truck Accidents. While commercial vehicles benefit consumers and the economy with the goods and services they deliver every day, negligent truckers or trucking companies can cause deadly accidents. In 2014, 3,185 people were injured in commercial motor vehicle crashes and 109 people were killed.
- Motorcycle Wrecks. Negligent drivers aren’t always aware of the motorcyclists traveling near them. This can cause accidents. There were 1,734 personal injury crashes and 86 fatal motorcycle collisions in 2014.
- Medical Malpractice. According to a study conducted by patient safety experts from Johns Hopkins, instances of medical malpractice are the third-leading cause of death in the United States. Many of the errors that lead to death include surgical mistakes, birth injuries, and medication errors.
- Nursing Home Abuse. It is estimated that there are 1,165 long-term care facilities in Missouri. Residents in nursing homes may be injured or harmed when employees or facilities neglect to provide them with the care they need.
Even if your area of personal injury matter is not discussed above, you may still be eligible for pre-settlement funding. Discuss the possibility with your lawyer or one of our funding specialists to determine if submitting an application is right for you.
Lawsuit Funding Availability in Missouri
Pre-settlement funding is available to Missouri residents who are pursuing an active personal injury lawsuit while working with a lawyer. Those are the only requirements. We do not take your financial history or employment status into consideration.
You can request varying amounts of money depending on your circumstances. Your eligibility for funding will be affected by the strength of your case. We take on the risk for you, which means you will not pay us back if you lose your lawsuit. This means that we only accept cases where it is evident you were not responsible for your accident.
Missouri follows a pure comparative fault rule. This means that your compensation can be reduced depending on your percentage of fault for the accident. You should take this into consideration when determining how much money to apply for.
Pre-Settlement Lawsuit Funding from Preferred Capital Funding
You don’t have to struggle financially while waiting for your lawsuit to settle. We offer amounts anywhere from $500 to $500,000. Prior to applying, you’ll want to discuss with your lawyer how much money you want to request. If you request more than what your claim is reasonably worth, you could run into financial problems when it comes time to pay us back.
When you submit an application online or by phone, you’ll only need to provide us with basic information about yourself and your lawsuit. Our legal underwriters will review your application and we’ll get back to you as soon as possible. You could have the money you need in as little as 24 hours.