Are you currently pursuing justice through the courts to hold a negligent party accountable for their actions? If so, you’re probably waiting to get compensation for your injuries. Your damages for the accident could include medical costs, lost wages from work, property damage, and pain and suffering. When you’re waiting on your compensation, the growing bills can seem overwhelming. But you may have other options that can help you get the funds you need. You may be able to seek New Mexico lawsuit funding from Preferred Capital Funding.
Lawsuit funding can provide much-needed relief for those who have been injured in an accident. Preferred Capital Funding is here to help people who are taking the proper steps to getting justice, but the process is taking a long time. With this option, you can get the funding you need to take care of your expenses and can pay back what you owe after your case concludes.
What Is Lawsuit Funding?
When you’re approved for pre-settlement funding, you’re receiving funds based off the details of your case. Your funding can work as the compensation you are expecting to receive from your case, except you get the funding earlier in the process. You can put these funds toward your recovery, other financial costs, and to cover providing for yourself and others if you have people who depend on you.
Without the financial constraint adding pressure to your situation, you can allow your case to take the time it needs. You won’t have late bills or other debts pushing you to settle early just so you can take care of some of the financial costs. Then, when your case concludes and you receive compensation, you use that to pay back the funds you borrowed.
Determining Eligibility for NM Lawsuit Funding
While you may be involved in a court case, that alone doesn’t qualify you for New Mexico lawsuit funding. We provide funds for lawsuits regarding personal injury. This means that you suffered injuries and damages because of the negligent actions of another. A reckless driver, negligent doctor, or a property owner who doesn’t keep their premises safe are all examples of parties who could have caused an accident that harmed another person. In those scenarios, the injured party could seek compensation for their injuries.
Other qualifications for lawsuit funding include your lawyer agreeing for you to pursue this option. We need to be able to communicate with your lawyer when we’re reviewing your application. If your lawyer won’t work with us, then we cannot offer you funding.
We work closely with your lawyer to go over the facts of your case. From here we can determine if we’d like to proceed and go over what an appropriate amount would be. You want your funding to help take care of your costs so you’re not in a financially stressful situation, but you don’t want to borrow too much because after your case is over, you’ll need to pay it back. If your compensation is far less than what you borrowed, then this may cause financial issues later.
When it comes to how you are approved, what matters most is that you have a valid personal injury claim, your lawyer is willing to work with us, and you have a strong chance of receiving financial compensation. Other factors that typically come with other types of funding that don’t apply to pre-settlement funding include your employment status and credit history. So, if you’re in between jobs or don’t have the strongest credit, know that these won’t exclude you from getting the funding you need.
Who Takes on the Risk for Lawsuit Funding in New Mexico?
We understand how nerve-wracking it can be to seek other financial options when you’re involved in a case. You may also wonder what happens if your case doesn’t have the results that you’d hoped and now you have funding to repay. Preferred Capital Funding takes on that risk, not you. If your case doesn’t conclude in your favor, then you don’t have to pay us back.
When we speak with your lawyers and determine the amount you borrow, you’re going to know the amount you will need to pay back if your case is successful. We don’t add hidden fees so you won’t need to worry about surprises when you need to pay back the funding.
Preferred Capital Funding Is Here for You
When you’re standing up for your rights, sometimes the speed of the legal process can put extra strain on your ability to pursue justice. We’re here to support you in getting the justice you deserve without medical debt and inability to work influencing your case.
While the process to getting the compensation you deserve can take time, Preferred Capital Funding aims to get you the help you need as quickly as possible. Once we’re communicating with your lawyers, we’ll work diligently to get you the pre-settlement funding you need. It’s possible that you could have financial peace of mind within a few business days.
The application process is easy. Apply for funding now and we can start reviewing your options.