When you file a personal injury lawsuit, you hope to be fully compensated for injuries, damages, and other losses. Unfortunately, the process can take time. From filing the initial paperwork to reaching a settlement, it could be months or even years before you see a monetary award from the defendant.
Just because you have to wait for compensation doesn’t mean the hospital bills, living expenses, and other bills will not be due. You need to pay them regardless of your current legal case. That’s where Preferred Capital Funding can assist.
We are available to provide New Jersey lawsuit funding to help you cover those basic needs and essential costs. Now, you will not have to worry about your finances as you wait for the case to reach a conclusion.
Preferred Capital Funding provides you with a bit of peace of mind.
Personal Injury Cases and Application Requirements
Personal injury cases can range from car accidents to medical malpractice. Some of our funding in New Jersey goes towards motor vehicle accident cases. Whether it is a truck, car, or motorcycle, these crashes can leave victims with substantial expenses.
In 2021, our state’s roadways saw 221,259 accidents, according to the New Jersey Department of Transportation. Out of these accidents, about 667 resulted in fatalities and 48,962 injuries. Distracted driving is a major concern throughout the state. Of those incidents, 1,076 involved cell phones. Data compiled by the National Highway Traffic Safety Administration (NHTSA) in 2021 shows that 25% of all fatal accidents in our state involved an intoxicated motorist with a blood alcohol content at or above the legal limit of 0.08% or higher.
No matter the reason behind the accident, anyone in a vehicle or on a motorcycle can suffer serious injuries if someone crashes into them. Often, these individuals will spend months recovering and rehabilitating from the accident. Most of the time, they are unable to work, losing income to help support themselves and their family members. All the while, they continue to wait for a settlement for their case.
In these situations, lawsuit funding is an option to help with unexpected bills and living costs. If you are interested in applying, you need to have a current personal injury. Additionally, make sure to discuss the matter with your lawyer so that you can get the money that you need. We need their approval before we can process and approve your request.
Pre-settlement funding is a non-recourse loan in New Jersey. That means you will not have to pay back the loan if you don’t win your case or get a settlement. However, once you get compensation, you will have to make a payment to us. This funding can be used for a variety of purposes: paying off medical bills, getting your vehicle fixed, or making a mortgage payment.
Pre-Settlement Funding and New Jersey Laws
Time is not unlimited in these cases. The statute of limitation dictates the time frame to file a claim. Under New Jersey law, and specifically New Jersey Revised Statutes 2A:14-2, injured parties have two years to bring their case to court. If you miss that deadline, you might be left without options to recover compensation, and you will not be eligible for lawsuit funding from us.
Get the Financial Help You Need With Preferred Capital Funding
With Preferred Capital Funding, we can get you the financial help you need in as little as 24 hours. Take the next step by filling out our application form. Credit scores and employment history do not matter to us. We just need to know you have an active case with an attorney.
After that, our legal underwriters will review the application and reach out to your lawyer. With approval, you can get your money without any hassles.
When you have a personal injury case in process but need financial funding now, contact us today. We’re always here to answer any questions and help you get the relief you need.
