At Olilit Funding, we want to ensure that you are fully informed about the legal and financial aspects of our pre-settlement funding. Here are some important points to consider:
State Laws Affecting Funding Eligibility
Statute of Limitations
The statute of limitations is a critical factor in determining your eligibility for pre-settlement funding. In most states, there is a specific time period within which you must file your lawsuit after an incident occurs. In Nevada, for example, you typically have two years from the date of the accident to file a personal injury claim. If you miss this deadline, you may not be eligible for funding.
Comparative Fault Rule
The comparative fault rule can impact the amount of funding you receive. This rule assesses the degree of fault attributed to each party involved in the accident. If you are found partially at fault, your compensation might be reduced accordingly, which can affect the funding we can provide. We evaluate each case individually to determine the appropriate amount of funding based on the strength of your case and the likely outcome.
Flexible Funding Options
Multiple Advances
At Olilit Funding, we understand that your financial needs may change as your case progresses. That’s why we offer the option of multiple advances. If you require additional funds at a later stage, you can apply for more funding without incurring additional processing fees. This flexibility ensures you have access to the resources you need throughout your legal journey.
Empowering You with Knowledge and Support
Understanding these key legal and financial aspects will help you make informed decisions about your pre-settlement funding. At Olilit Funding, we are committed to providing transparent, flexible, and supportive funding solutions tailored to your unique needs. If you have any questions or need further information, please contact us today.