As the “safety first” approach of Vision Zero continues to make strides in Sunnyvale, it’s crucial to remember that individuals involved in accidents may require financial support to cope with the aftermath. In such cases, California Legal Funding can provide valuable assistance to those seeking compensation and justice.
While that’s a good thing, there are still incidences of fatal accidents and injuries, which leave trailing medical expenses. If you have a legal dispute regarding an accident and also battling a personal injury, presettlement funding can help tackle the expenses.
To get a traditional loan, one has to go through multiple stages, and your credit score is a factor in consideration. Your assets are also verified.
If you lose the case, you must pay back with interest. But for settlement loans, the requirements are very few. It is a non-recourse loan. Therefore, there’s no need to pay if the case is not won. The court proceedings can take years to process. Avail for a settlement loan in 24 to 48 hours.
Who can apply for lawsuit funding in Sunnyvale?
- An individual with a pending personal injury lawsuit in California
- You have a hired attorney for the case
- Those with medical bills to pay
To apply for free, call (877) 735-0016
Laws and Regulations for Pre Settlement Loans in California
There are a few laws regulating the pre settlement funding in California as under:
- The statute of limitations is 2 years for intentional torts and 1 year for slander
- The minimum policy limits are $15,000 for body injury per person, $30,000 per accident, and $5000 per accident.
- Fault laws in California allow accident victims who have been injured to be compensated no matter whether they are faulty or not. But the total compensation is reduced.
How to apply for legal funding in Sunnyvale?
The application procedure is mostly the same in all states. Once you find a reliable lawsuit loan company, you will have to fill out an online form with all details of the accident, amount, and submit the number of your attorney. The company appoints a trained attorney to analyze your case and the chances of winning the settlement. Once approved, you will likely receive the money in your account in the next 24 hours. Your attorney has to agree to receive third-party settlement funding.
How can you spend your lawsuit loans?
Once you get the pre settlement loan amount, you can spend the money as you wish. But you should use it mostly for paying bills, rents, and clear debts. You can also pay your healthcare and medical expenses through this cash since those expenses are higher.