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Understanding Personal Injury Lawsuit Loans

Personal injury lawsuit loans, also known as pre-settlement funding or lawsuit cash advances, provide financial relief to plaintiffs who are in the midst of a lawsuit. These loans are designed to help individuals cover their immediate expenses, such as medical bills, rent, and daily living costs, while they wait for their lawsuit to settle. Unlike traditional loans, they are non-recourse, meaning if you lose your case, they do not have to repay the funding.

The importance of personal injury lawsuit loans cannot be overstated.

Lawsuits can be lengthy and financially draining, often causing plaintiffs to accept lower settlement offers just to ease their financial burden. With a personal injury lawsuit loan, plaintiffs can have the financial stability they need to see their case through to the end, potentially leading to a larger settlement. These loans level the playing field, allowing individuals to fight for the justice they deserve without worrying about their financial situation.

How Does Lawsuit Funding Work?

Personal injury lawsuit fundings are a type of financial assistance provided to plaintiffs involved in personal injury lawsuits. Unlike traditional loans, the borrower is not obligated to repay the loan if they lose their case. This unique feature makes personal injury lawsuit loans a risk-free financial solution for many plaintiffs who are struggling with financial burdens while their case is being resolved.

These loans are not based on a person’s credit history or employment status, but rather on the strength and potential value of their lawsuit. This means that even individuals with poor credit or no income can qualify for a personal injury lawsuit loan, as long as they have a strong case. This makes personal injury lawsuit loans an accessible and viable option for many plaintiffs.

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How Do Personal Injury Lawsuit Loans Work?

Personal injury lawsuit loans work by providing plaintiffs with a cash advance on their potential lawsuit settlement. Once the loan is approved, the funds can be used to cover any immediate expenses, such as medical bills, rent, or daily living costs. The loan is then repaid from the settlement amount when the case is resolved, with the lender receiving a portion of the settlement as repayment.

If the plaintiff loses their case, they are not required to repay the loan, making this a risk-free option for the borrower. This non-recourse nature of personal injury lawsuit loans is what sets them apart from traditional loans and makes them a preferred choice for many plaintiffs who are in the midst of a lawsuit.

OUR PROCESS

Funding You Need. Now.​

We can help you access part of your settlement faster in a few simple steps.
Step 1
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Apply

Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.

Step 1
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Approval

We'll review your application, consult with your attorney, then provide a decision on approval.

Step 2
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Receive Funds

Review and return your signed agreement and get your money in as little as 24 hours.

Step 3

Qualifying for a Personal Injury Lawsuit Loan

Qualifying for a personal injury lawsuit loan primarily depends on the strength and potential value of your lawsuit. Lenders will evaluate your case, considering factors such as the type of injury, the circumstances of the accident, the liability of the defendant, and the potential settlement amount. It’s important to note that your credit history or employment status does not affect your eligibility for a personal injury lawsuit loan.

Another crucial requirement for obtaining a personal injury lawsuit loan is having a lawyer representing your case. Lenders typically do not provide loans to plaintiffs who are representing themselves. This is because having a lawyer increases the chances of winning the case and obtaining a favorable settlement, which in turn ensures the repayment of the loan.

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Types of Cases Eligible for Personal Injury Lawsuit Loans

Personal injury lawsuit loans cover a wide range of case types. These include, but are not limited to, car accidents, medical malpractice, workplace injuries, slip and fall accidents, product liability cases, and wrongful death claims. Essentially, if your case involves personal injury and you have hired a lawyer to represent you, you are likely eligible for a lawsuit loan.

Each case is unique, and lenders will evaluate the specifics of your case to determine its strength and potential value. The more compelling your case, the higher the likelihood of securing a personal injury lawsuit loan. It’s important to have all your case details readily available when applying for a loan to expedite the evaluation process.

Applying for a Personal Injury Lawsuit Loan

The application process for a personal injury lawsuit loan is straightforward. It typically involves filling out an application form with your personal details and information about your case. The lender will then work directly with your attorney to review your case and determine your eligibility for the loan. This process is usually quick, and if approved, you can receive your funds within 24 hours.

It’s important to remember that while the application process is simple, you should still take the time to understand the terms of the loan. Ensure you know the interest rate, how it’s calculated, and any additional fees or charges. Always read the fine print before signing any loan agreement.

Benefits of Personal Injury Lawsuit Loans

Personal injury lawsuit loans offer numerous benefits. They provide immediate financial relief, allowing plaintiffs to cover their living expenses while they wait for their lawsuit to settle. This can alleviate financial stress and allow plaintiffs to focus on their recovery and their case. Furthermore, because these loans are non-recourse, plaintiffs are not obligated to repay the loan if they lose their case, making them a risk-free option.

Another significant benefit is that a personal injury lawsuit loan can give plaintiffs the financial stability to reject lowball settlement offers. Without the pressure of immediate financial needs, plaintiffs can wait for a fair and just settlement. This can ultimately lead to a higher settlement amount.

TESTIMONIALS

What Our Clients Say About Our Service

stars

I will recommend you to anyone who asks!

Your people reacted fast and got me the money I needed without a lot of problems. We spoke to others who could not fund us, but you did! I will recommend you to anyone who asks!
T.W.
stars

Your team really helped us out when we needed it the most!

I didn't know much about lawsuit funding, but your team really helped out and explained everything to me.. We're continuing with the lawsuit and didn't have to take that crappy settlement offer from [the insurance company]. Thank you!
K.S.

Considerations Before Applying for a Lawsuit Loan

While personal injury lawsuit loans offer many benefits, there are also important considerations to keep in mind. First, understand that these loans should be a last resort, used only when other financial resources have been exhausted. This is because lawsuit loans can be expensive, with high interest rates and fees.

Second, be aware that the amount of your loan is based on the expected settlement amount of your case. If your settlement is lower than expected, you may still owe the full loan amount. Lastly, remember that the legal process can be unpredictable and lengthy. It’s important to consider these factors and discuss them with your attorney before deciding to apply for a lawsuit loan.

FREQUENTLY ASKED QUESTIONS

Questions About Lawsuit Funding, Settlement Funding and Lawsuit Loans

How quickly can I receive funds?
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What happens if I lose my case?
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How is the loan amount determined?
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What are the costs associated with the loan?
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Can I get a loan if I have bad credit or no income?
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Do You Do a Credit Check? What if I'm Unemployed?

Funding is not based on your credit, your income, your assets or your job. Funding is based entirely on your individual case. The more valuable the case, the more you can receive in funding. Everyone is eligible, based purely on the nature and quality of your case.

How Much Finding Can I Receive? How Much Can I Borrow Against My Case?
Whether you are looking for $1,000 or $1,000,000, we can help. Of course, the amount requested must be supported by the type of case you have. Your lawsuit will be reviewed in order to determine the amount of funding available to you. Remember, these are not traditional loans that must be paid back. This is a funding of a lawsuit, which is paid from the settlement or judgment in your favor. If you lose the case, you repay nothing.
What happens if I lose my case?
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Are There Up Front Costs, Application Fees?
There are no up-front application fees. There is no monthly cost once your case is funded. Your advance is only repaid at the end of the case and from the proceeds of the case.
What Types of Cases Do We Fund?

We fund a wide range of injury cases. Some involve accidents, others involve dangerous prescription drugs or medical devices. We cannot list all possible cases we fund, but here are some examples. If you don't see your case listed, call us. There is a good chance we would fund it.

Can I Use Lawsuit Funding for the Short-Term Needs of My Family?
While your case is pending, or you are awaiting payment, your bills continue to pile up. Expenses come due once you leave the hospital, and costs of on-going care can be staggering. Many people cannot return to work, yet they must continue to pay their mortgage, rent, utilities, food bills and more. We help by getting you funding quickly. Whether you expect the case to pay in 3 months or 3 years, funding is available, and our sources can provide it.

Costs and Repayment of Personal Injury Lawsuit Loans

The cost of a personal injury lawsuit loan can vary depending on the lender and the specifics of your case. Costs typically include an interest rate, which can be either simple or compounded, and may also include additional fees. It’s crucial to understand these costs before accepting a loan. Always ask the lender to clearly explain all costs associated with the loan.

Repayment of the loan is made from the settlement amount when your case is resolved. If you win your case or reach a settlement, your attorney will repay the loan directly from the settlement funds. If you lose your case, you owe nothing. This non-recourse nature of lawsuit loans is what makes them a risk-free option for many plaintiffs.

man worried about his personal injury loans
pensive blonde businesswoman

Frequently Asked Questions about Personal Injury Lawsuit Loans

It’s normal to have questions when considering a personal injury lawsuit loan. Common questions include: How quickly can I receive funds? What happens if I lose my case? How is the loan amount determined? What are the costs associated with the loan? Can I get a loan if I have bad credit or no income? This section aims to answer these and other frequently asked questions to provide clarity and help you make an informed decision.

Remember, every case is unique, and the specifics of your situation can affect the answers to these questions. It’s always a good idea to discuss your options with your attorney and the lender to ensure you fully understand the terms and conditions of the loan.

Why Choose Our Services for Your Personal Injury Lawsuit Loan

When it comes to securing a personal injury lawsuit loan, it’s essential to choose a trusted and reputable provider. Our services stand out in the industry for our commitment to transparency, fairness, and client satisfaction. We pride ourselves on offering competitive rates, clear terms, and a hassle-free application process. Our team of experts is dedicated to understanding your unique needs and providing tailored solutions to ensure you receive the financial support you need during this challenging time.

Furthermore, our track record speaks for itself. With countless positive testimonials from satisfied clients and a high approval rate, we have established ourselves as leaders in the personal injury lawsuit loan industry. Our primary goal is to empower plaintiffs, giving them the financial stability they need to pursue justice without compromise. When you choose our services, you’re choosing a partner who prioritizes your well-being and success.

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Contact Us for Your Personal Injury Lawsuit Loan Needs

If you’re considering a personal injury lawsuit loan or have any questions about the process, we’re here to help. Our dedicated team is available to guide you through the application process, answer any queries, and provide the support you need. We understand the challenges plaintiffs face during a lawsuit, and we’re committed to making the loan process as smooth and straightforward as possible.

Reaching out to us is easy. Whether you prefer to call, email, or fill out our online contact form, we ensure prompt responses and personalized assistance. Your journey towards financial stability during your lawsuit starts with a simple conversation. Contact us today at [PHONE] and let us help you navigate the complexities of personal injury lawsuit loans.

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