When someone’s negligent actions or inactions result in an accident that injures others, there are bound to be physical, emotional, and financial consequences. If you’ve been the victim of an accident, you know this firsthand. While taking legal action with the help of a lawyer and filing a personal injury lawsuit can help you work toward receiving the compensation you need to cover your losses, you may be dealing with expenses that need to be paid now. If that’s the case, you can apply for Washington lawsuit funding.
Pre-settlement funding is non-recourse. This means that, in conjunction with your lawyer, we take on all the risk. In the state of Washington, if you do not win your lawsuit, you will not have to pay us back or return any money you may still have. To find out if lawsuit funding is right for you, you’ll first need to understand how Washington’s personal injury laws could affect your chances for funding.
How Do Washington’s Personal Injury Laws Impact Lawsuit Funding?
When you pursue a personal injury claim in Washington, you’ll need to make sure you are following the established personal injury laws. This will ensure you claim is valid and that you’ll be eligible for legal funding.
In order to file a lawsuit in the state’s civil court system, you’ll need to ensure you do so within the statute of limitations. This is the length of time you have to file your claim. In Washington, you have three years after the date of the accident. If you miss the deadline, your case could be dismissed, and you’d be unable to recover compensation for your injuries. Additionally, you’d be unable to seek funds through us because we require you to have an active personal injury lawsuit in the works.
Washington’s pure comparative negligence rule could also impact your lawsuit funding. When you apply with us, you’ll need to determine how much money to ask for. You’ll want to take into consideration how much money you need and the total amount of compensation you’re expecting to receive. With Washington’s comparative negligence rule, your compensation could be decreased if it’s determined you played a role in causing the accident.
If, for example, you’re seeking $100,000, but you’re found to be at fault for 20% of the accident, you’d only be eligible for $80,000. Understanding the possibility of receiving less compensation than you want is important when determining how much money to request because you don’t want to request too much and run into financial problems later.
Personal Injury Lawsuits We Fund in Washington
While negligence can lead to an accident in any situation, there are certain personal injury lawsuits that we see most often. Common ones include car accidents, truck accidents, nursing home abuse, defective products, and workers’ compensation.
In Washington, any employee who is injured on the job is eligible for compensation to cover medical bills, lost wages, and disabilities. Employees are required to carry workers’ compensation insurance to cover all work-related illnesses and injuries. According to the Washington State Department of Labor & Industries, the insurance is used by a number of state residents every year. Just in 2017, 95,219 workers’ comp claims were filed. Traumatic injuries to the muscles, tendons, ligaments, and joins, and open wounds were the most common reasons claims were filed.
While workers’ compensation is beneficial, the process isn’t always fast when it comes to receiving the money you need. That’s why we’re here to provide you with funding when you need it most.
Applying for Lawsuit Funding Is Easy
Unlike other funding resources, applying for lawsuit funding from Preferred Capital Funding is fast and simple. All you need to do is provide us with some basic contact information, details about your personal injury lawsuit, and how much money you’re requesting. You can complete your application online or by phone.
Once you submit your application, our legal underwriters will review your request. We’ll look at the strength of your case, the likelihood of the outcome falling in your favor, and how much money you’re requesting in conjunction with how much you’re likely to receive. We’ll need to discuss all these matters with your lawyer to get a better idea of whether you’re a good candidate for Washington lawsuit funding.
We provide clients with funding amounts from $500 to $500,000. Once an application is approved, we’ll discuss the terms of the agreement, in addition to the fees and interest, so you’ll know exactly what you’ll owe us once your lawsuit settles. If you’re ready to put your financial struggles behind you so you can focus on recovery and your lawsuit, submit an application with us today.