We're delighted to announce a significant change in the lawsuit loan / legal funding world. Preferred Capital Lending, Client Funding Solutions, and Advance Case Loans have partnered to create Preferred Capital Funding. Preferred Capital Funding will simplify and streamline the lawsuit loan application process for plaintiffs and their lawyers.
You might be asking "What is a lawsuit loan?". Lawsuit loans (or settlement loans, lawsuit advances) help plaintiffs maintain their financial responsibilities while waiting for a pending lawsuit to settle. The loan is typically secured by the plaintiff's settlement or potential settlement. Our legal team of experienced attorneys will make a decision to lend based on what they anticipate a pending lawsuit to settle for in the future. It's also important to our attorneys to protect clients from borrowing too much money. We want to ensure there is still money left for our clients after all attorney fees and settlement loan obligations have been paid. Preferred Capital Funding is a licensed & registered company, so we must comply with all state laws. Being a regulated institution, attorneys and clients that work with Preferred Capital Funding can have confidence that they are in safe hands.
The managing partners of Preferred Capital Funding collectively have over 75 years of legal experience as attorneys in the personal injury business. Through countless experiences with personal injury victims and their families, they have learned about the financial hardships victims can suffer after an accident. Plaintiffs and their families often have to deal with extreme financial pressures resulting directly and indirectly from their injuries. In fact, most attorneys can share experiences where clients were forced to accept a lower settlement offer from the insurance company solely because the client needed money quickly. We understand the importance of lawsuit loans as a tool to help our clients weather the financial storm that often occurs after an injury. Using the lending process wisely and conservatively, we are better able to better serve our client's needs.
With Preferred Capital Funding, attorneys will only need to familiarize themselves with one set of applications, procedures, documents and pay-off statements - not three. This will ease the process of applying for a lawsuit loan or cash advance, saving time for many attorneys and paralegals. It can also put the needed money into the client's hands faster. Once a law firm is ready to disburse the settlement, there will be only one number to call to organize and pay these obligations.
We pride ourselves on our customer service. Preferred Capital Funding, with its superior customer service and streamlined process, minimizes the time and effort attorneys and their staff will need to put into the process. When calling Preferred Capital Funding, you will always speak to a live representative who understands your needs and the urgency of receiving money for day to day living expenses. All of your time will be used as efficiently as possible. You will never be directed to an automated system - always a live person. The entire application process can be completed in just a few minutes. Normally, only a simple one page information sheet and the police report is all that we request.