As someone who’s been involved in an accident in which you’ve suffered serious, debilitating injuries, you likely have significant medical costs and other associated losses that you’ve already begun receiving bills for that you need to pay. If you’re working with an attorney, they’ve probably already informed you that, especially given the extent of your injuries and how much treatment still lies ahead, it may be some time before you’re able to settle your case and recover a settlement. In cases like these, it may be helpful to have a Virginia lawsuit funding company to help cover those bills right away, so they don’t go to collections.
Our team at Preferred Capital Funding has extensive experience working with injury victims like you nationwide. All you need to do is fill out a brief application to see if you qualify for funding. Within a matter of days, we’ll notify you whether Virginia law allows you to receive compensation for your accident-related damages while you wait to settle your personal injury lawsuit.
Understanding What Types of Cases We Fund
Virginia residents like yourself can generally request lawsuit funding for a wide range of expenses they’ve incurred through their involvement in one of the following types of auto accidents, including medical bills, mortgage or rent costs, and groceries:
- Pedestrian accidents
- Car wrecks
- Motorcycle crashes
- Tractor-trailer collisions
- Bike accidents
It’s understandable how many prospective clients come to us looking for funding after an auto accident. After all, according to the 2022 Virginia Traffic Crash Facts report published by the Department of Motor Vehicles Virginia Highway Safety Office, at least 122,434 crashes occurred in the same publication year. Of those accidents, at least 59,404 injuries and 1,005 deaths resulted. That same report shows that alcohol use and speed were responsible for 6,910 and 24,877, respectively, of the crashes referenced above.
While many approach us for funding while awaiting a resolution to their auto accident claim, we can help you deal with the newfound financial burden associated with other types of personal injury incidents that may have hurt you, such as:
- Nursing home abuse
- Birth injuries
- Medical malpractice
- Dog bites
- Construction accidents
- Workers’ compensation
- Premises liability issues
- Wrongful death
And although not a type of personal injury case, we should mention that we often provide funding to individuals awaiting resolutions in employment law cases, such as wrongful termination ones.
Eligibility Requirements To Qualify for Lawsuit Funding in Virginia
Since the bulk of the funding our Preferred Capital Funding team provides goes to accident victims, we feel it’s important to highlight factors that may determine whether an applicant for funding like yourself may qualify for it.
Any cases for which we provide advanced funding must meet the same standards that apply when proving any other personal injury case. For example, although Virginia is an at-fault insurance state like many others, it’s also a pure contributory negligence one. What does this mean for your injury case and also your ability to qualify for lawsuit funding?
Typically, in an at-fault state, if you were involved in a car crash, you’d be able to file an insurance claim with the carrier of the motorist who struck you if you had compiled enough evidence to prove they were liable and be able to recover compensation for your accident-related damages. However, the pure contributory negligence doctrine that Virginia subscribes to prohibits claimants from demanding damages if they share any fault for the crash that occurred.
We highlight this Virginia law to give you an example of certain factors that may apply to personal injury cases such as this that may impact whether you’re able to take legal action and, thus, whether we can advance funding to you in your case.
Securing Financial Assistance as a Virginia Personal Injury Victim May Be Only a Call Away
Applying for Virginia lawsuit funding using our simple application form is worth your time if you’re already struggling financially after your accident and bills keep coming in that are due. This is especially true if the prognosis doctors have given you is making it look like it’s going to be some time before you’re able to return to work so you’re able to afford them.
Fill out our online application for funding to let us know more about your case so we can determine your eligibility. Also, feel free to reach out to one of our client support specialists at Preferred Capital Funding if you have any questions before applying or as you wait for an update on the status of your request.
