When you look for a lawsuit loan, it is essential to do your research. We understand you may not have the time or energy to put into this research. For this reason, we have reviewed some of the top lawsuit loan companies across the country.
This includes a careful analysis of Preferred Capital Funding web reviews. There is a mix of both positive and negative experiences with Preferred Capital. Here are some pros and cons of choosing Preferred Capital funding as your lawsuit loan provider.
About Preferred Capital
Preferred Capital funding claims to be the first lawsuit loan company in the United States. Generally, those obtaining pre-settlement funding from Preferred Capital do so through an attorney referral network.
Generally, the only requirement for application approval is pursuing a personal injury claim. However, this can limit opportunities for those dealing with other types of civil cases to access the legal funding they need when they need it most.
Preferred Capital Funding offers legal funding in seven states, including:
What Web Reviews Say About Preferred Capital
Online web reviews could be better for Preferred Capital Funding. Google ratings generally give them a 3.5 out of 5 stars, while Yelp ratings have a one-star rating. Preferred Capital funding has also received one Better Business Bureau complaint in the last three years and received a 3 out of 5-star ratings, despite being an A+ Accredited business.
When to Get a Lawsuit Loan from Preferred Capital
Going with Preferred Capital Funding may not be in your best interests. Preferred Capital does not deal with brokers and funds lawsuit loans directly. Their loans are non-recourse, so you do not have to worry about paying them back if your lawyer does not win your personal injury claim.
According to their website, Preferred Capital can award up to $500,000 in legal funding.
Pros of Preferred Capital
According to online web reviews, there are several advantages of going with Preferred Capital. First, the various types of personal injury claims they handle are impressive, some of which include the following:
- Dog bites and attacks
- FELA claims
- Workers’ compensation
- Wrongful death
- Premises liability claims
- Construction accident lawsuits
- Medical malpractice
- Other types of personal injury claims
Web reviews state how easy it was for the lawsuit loan application approval and documents signing via email and electronic communications. However, going with Preferred Capital Funding also comes with several risks.
Cons of Preferred Capital
There are several disadvantages to choosing Preferred Capital Funding. To start, their approval time can vary considerably. Somewhere reviews stated approvals within 24 hours, while others needed to wait several days. Consider choosing a lawsuit loan provider that is more reliable in their approval times.
Other kinds reported in Preferred Capital web reviews include:
- Only being open during business hours
- Poor customer service experiences
- Lack of empathy and compassion
- Questionable marketing techniques
- Lack of pricing and fee transparency
Lawsuit loan companies that do not practice compassion hang up on their potential consumers and need to be more transparent, and what they will charge for rates may not be the best option for your loss of loan lender. Instead, choose one more suited to your needs.
Choosing a Lawsuit Loan Provider
Choosing the right lawsuit loan provider can be challenging. After all, you are struggling financially and need financial help now. However, far too many loan providers take advantage of those in need and may cause further financial distress in the long run.
For this reason, consider applying with High Rise Financial when you are looking for a trustworthy and reliable legal funding provider.
High Rise Financial Is a Top Contender– Here Is Why
The benefits you get when you choose to go with High Rise Financial are undeniable. Real loan specialists handle all of our calls and communications. You can talk to a real person about the struggles you are experiencing and your financial needs as soon as today and access the financial help you need in a matter of hours.
Some of the other advantages of High Rise Financial include the following:
Our team is open and available to discuss your financial needs twenty-four hours a day, seven days a week. We understand that you may not be available to discuss your case during traditional business hours.
If you struggle to cope over the weekend or after 5 PM, you should have access to the legal funding you need, no matter the time of day. With High Rise Financial, you can rebuild your life at any time.
Our pricing structure is transparent. Although every person’s case is different, generally, we do not charge compound interest.
Instead, based on the amount you are authorized and pre-settlement funding, you will be charged a flat fee for your loss alone. That way, you do not need to worry about exorbitant interest rates or paying more for your loan’s interest than the lawsuit loan itself.
Fast Application Approval
We pride ourselves and fast application times. For some, we can approve applications in a matter of hours. We are proud to be able to offer same-day pre-settlement legal funding.
However, we need to contact your lawyer to approve your application. The sooner we get in touch with your lawyer and verify your application details, the sooner we can approve your application for legal funding.
We Fund Virtually ALL Civil Claims
Unlike some competitors that only find specific types of personal injury claims, we fund nearly every kind of civil lawsuit. No matter what civil matter you are dealing with, our team can help you access a portion of your settlement funds in advance as long as you meet our criteria requirements.
This does not only include personal injury cases, such as car accidents, slips and falls, or medical malpractice. Other types of cases we handle include:
- Employment law violations
- Whistleblower complaint
- Qui tam lawsuits
- FELA claims
- Wrongful arrest
- Police brutality
- Defective product claims
- Labor law violations
Reach Out to Our Loan Specialists for Help Today
Preferred Capital web reviews indicate a plethora of complaints. Although some reviews are glowing, several have voiced that alternative pre-settlement legal funding options may be a better fit.
When you need legal funding you can rely on, look no further than High Rise Financial. With our team, you get actual people handling your case and twenty-four/seven availability. Apply now, fill out our quick contact form, or call us to get started on your lawsuit loan application today.