Lawsuit Loans and Pre-Settlement Funding
We’re proud to be one of the leading lawsuit funding companies in the United States, offering coverage throughout the entire country. At Lawsuit Settlement Funding, we offer settlement funding and personal injury loans to help you achieve justice for your case.
Using legal funding loans removes the financial barrier to bringing your case to court, a tribunal, or mediation. Our pre-settlement funding eases the financial burden of litigation, empowering you to bring forward your case, pay your bills, and increase the likelihood of optimizing your potential settlement.
Litigation isn’t quick. Over 400,00 personal injury claims are filed annually in the United States. According to the Bureau of Justice Statistics, only an estimated 4% go to trial. Many fail because of the cost involved, especially if the plaintiff is unable to work because of their injuries or circumstances. Lawsuits can take years and there’s no guarantee of a set timeline. That’s where case loans come in.
This in-depth guide explores how a settlement funding company can help fund your case by providing fast lawsuit funding. At Lawsuit Settlement Funding, we believe justice shouldn’t come with a price tag.
What Are Pre-Settlement Loans?
Pre-settlement loans – also known as lawsuit loans, lawsuit funding, and lawsuit lending – give plaintiffs financial relief and access to additional money when perusing legal cases. National lawsuit funding companies provide capital to cover everyday living expenses, such as medical bills and household costs, while the plaintiff’s case is still ongoing.
What makes lawsuit lending appealing is that you’ll only repay your litigation loan if you win your case. Utilizing lawsuit loans can often provide plaintiffs with the means to win a larger settlement, often offsetting the cost of their lawsuit advances.
Why Do Plaintiffs Use Loans for Lawsuit Financing?
Litigation is often about running down the clock – or rather – running down the plaintiff’s finances until they’re forced to accept a low-ball settlement offer. Lawsuits and class action cases can drag on for years, often leaving plaintiffs with limited funds to live on.
A lawsuit advance funding agreement removes the financial pressure for plaintiffs and ensures they receive a proportional settlement. Working with a legal funding company often results in plaintiffs receiving a significantly larger settlement with faster processing as insurance companies and corporations seek to reduce their own legal fees.
How to Find a Settlement Loan Near You
Choosing a settlement loan requires a little shopping around. Just like choosing a credit card or buying a car, you want to ensure you’re making the best financial decisions. If you’re up late at night searching for “settlement loans near me”, you might be feeling overwhelmed and not sure where to start.
You’re not alone. Over 100 million lawsuits are filed annually in state courts in the United States in state courts, according to research by the Institute for the Advancement of the American Legal System. In many of these cases, the plaintiff is relying on lawsuit funding loans – also known as litigation loans – to pay for their legal fees. Once they receive their settlement, they’re able to repay their legal settlement loans.
It’s important to only work with class action lawsuit loan companies that have ethical practices. Unfortunately, the American lawsuit loans industry isn’t always fair. Some lawsuit loan companies aren’t afraid to take advantage with eye-watering interest rates and high fees. Search for a lawsuit loan company with previous testimonials and a track record of working quickly and efficiently when coordinating with attorneys.
At Lawsuit Settlement Funding, we take a compassion-first approach to working with our clients, showing respect, and building trust with transparency. Our lawsuit settlement advance loans give you peace of mind that your bills can be paid, and you can pursue justice for your case. We provide personal injury lawsuit loans and lawsuit funding for clients throughout the United States.
States We Fund
| Alabama | Alaska | Arizona | California |
| Delaware | Florida | Georgia | Hawaii |
| Idaho | Indiana | Iowa | Kansas |
| Louisiana | Massachusetts | Michigan | Mississippi |
| Missouri | Montana | Nebraska | New Hampshire |
| New Jersey | New Mexico | New York | North Carolina |
| North Dakota | Ohio | Oregon | Pennsylvania |
| Rhode Island | South Carolina | South Dakota | Tennessee |
| Texas | Utah | Virginia | Washington (State of) |
| Washington DC | Wisconsin | Wyoming |
How Much Financing Can You Get From a Lawsuit Loan?
The funding that lawsuit financial companies can offer varies depending on the circumstances of your case. It’s best to contact a legal funding company directly to get a financing estimate.
Lawsuit Settlement Funding offers personal injury settlement loans from three-figure to seven-figure sums. Your potential settlement value will determine the amount of capital settlement lenders will offer you.
You may qualify for an additional cash advance for lawsuit settlements if your case carries on for a prolonged period. As an ethical pre-lawsuit funding company, we strive to ensure you take as much of your settlement home with you as possible. We’ll always strive to offer a fair loan-to-compensation ratio and never provide advance settlement loans that are the full value of your expected settlement.
Is It Safe to Work with a Lawsuit Loan Company?
It’s safe to access pre-settlement loans from legitimate and ethical settlement loan companies. What makes these settlement loans different than taking out a credit card is that they have no recourse, meaning your property and income are not at risk. Known as a ‘non-recourse loan’, pre-lawsuit funding does not make the plaintiff personally liable. Unlike taking out a car loan, your eligibility for a loan for settlements is not based on your credit history.
The value of your future settlement is the collateral for your injury lawsuit loan. Your settlement is used as the sole method of repayment for your lawsuit settlement advance.
If your lawsuit fails, you don’t have to pay back your lawsuit cash advance. Additionally, the settlement loan company is unable to request payment from any source outside of your settlement, such as your personal income or property.
When you apply for personal injury settlement loans, you will:
- Not undergo credit checks.
- Not have to provide proof of income.
- Not have to submit an asset evaluation.
- Not provide employment verification.
Additionally, if you are successful in your case, the repayment for your legal settlement loans will be made from your compensation and not taken as monthly payments.
A legitimate lawsuit settlement loan company will only ask for the following information:
- The state you reside in
- The nature of the lawsuit in question
- Your contact information
- Contact information for your attorney
- The expected compensation for your lawsuit
A lawsuit settlement loan company will work closely with your attorney throughout your case.
States We Provide Lawsuit Cash Advance Funding In
Lawsuit Settlement Funding operates throughout the United States, providing settlement loans in Las Vegas, lawsuit loans in New York, and lawsuit settlement funding in Florida. If you’re searching for “lawsuit funding near me”, you’ve found your answer with us. We’re lawsuit lenders for clients in all 50 U.S. states.
Whether you’re looking for hernia mesh lawsuit loans, free settlement funding, or a personal injury loan, we’re working with you to determine if your case qualifies for a lawsuit advance.
Types of Cases We Offer Settlement Advance Loans For
We provide settlement funding and loans for lawsuit cases throughout the United States. Our clients utilize pre-settlement loans for a variety of cases, from product liability to wrongful death and car accidents. If you’re a plaintiff in an active legal case, you can apply for loans on your lawsuit through Lawsuit Settlement Funding. We’re one of the leading choices of lawsuit money lenders with most applicants being successful in acquiring settlement loans. Our company provides settlement advances for cases based on the compensation they are likely to be awarded. Your loan lawsuit settlement will never be the same value as your expected compensation as we want to ensure you still take home most of your awarded capital.
Do you have a question about our pre-settlement lawsuit funding? Contact our team to find out if your case is suitable for any lawsuit loans.
What to Look for From a Lawsuit Funding Company
Lawsuits are on the rise as consumers and individuals seek to utilize the legal system to resolve civil cases.
Medical malpractice cases specifically are on the rise with almost 97% of successful medical malpractice claims being settled out of court. The average personal injury settlement for medical malpractice is around $330,000 in the United States.
Utilizing free settlement loans can help you secure the largest amount of compensation possible by removing the financial burden of self-funding your legal fees and the knock-on impact it can have on your personal finances.
If you’re looking for a lawsuit lending LLC, there are several factors you want to consider when choosing a company to work with. Before you start searching for ‘pre-settlement funding near me’, save this list to reference during your research.
- The litigation loan company should charge a non-compounding interest rate on your settlement amount.
- It should charge no up-front fees or application fees.
- Only work with injury loan companies with client testimonials and reviews.
- Be transparent with working operations and have open dialogue. They should be responsive to questions and messages.
- Avoid using confusing legal jargon and explain how it works when you effectively borrow money from lawsuit settlements.
The purpose of taking a loan on your lawsuit settlement is to ease your current financial burden and enable you to continue your lawsuit. At Lawsuit Settlement Funding, we’re committed to helping you achieve justice by removing the financial hurdles in the American justice system.
What Can I Use a Settlement Loan For?
Legal loan companies provide capital for plaintiffs to help with their legal fees and day-to-day finances. Most plaintiffs are dealing with the financial consequences of injuries or situations that are not their fault. Pre-settlement funding gives you the peace of mind that you can pay your bills and continue your lawsuit.
Lawsuit loans can be used to make rental or mortgage payments, cover medical expenses, replace lost earnings, pay expenses, or assist with replacing or repairing damaged property.
Removing this financial pressure means you won’t be on a time crunch to secure your compensation. In many cases, plaintiffs win a larger settlement when they work with class action lawsuit loan companies.
The benefit of pre-settlement loans is that there’s effectively no risk involved. It’s not like traditional debt. You’ll only pay back loans on lawsuit settlements if you win and the cost will come from your compensation payment.
Do I Need an Attorney Before Applying for Personal Injury Settlement Loans?
You’ll need to have an attorney before applying for any type of lawsuit settlement loan. Having an attorney will qualify you to apply for a 24-hour settlement loan with a same-day response. Your attorney will be responsible for disbursing your compensation, including paying our company for the amount agreed upon as part of your settlement loan agreement. Our team will work closely with your attorney throughout your lawsuit.
Applying to Settlement Loan Companies Near Me
Being in the middle of a lawsuit is stressful. Our goal as a loan lawsuit company is to streamline the application process as much as possible. Our three-step application process is easy to navigate with most clients getting a response within 24 hours.
Apply for your litigation loan
Use the application page on our website and provide the necessary information relating to your case. You’ll not be expected to provide any personal financial information. The application process will require the contact information for your attorney and information relating to the nature of your lawsuit and the expected duration of your case.
In some cases, we’re able to offer 24-hour settlement responses if our team can make immediate contact with your attorney. We recommend speaking to your attorney before applying to ensure their availability.
Our team evaluates your application
After you submit your application, our team will evaluate your information and contact your attorney. We’ll determine the amount of funding you’ll be eligible for based on the compensation amount you’re likely to receive.
There is no application fee, and you are not obliged to proceed with your application if you’re approved by our team.
Receive your loan lawsuit funding
If your application is successful, we’ll contact you to let you know the next steps. Your attorney will provide us with all the necessary information, and we’ll send the required documentation. We’ll aim to deposit your pre-settlement funding as quickly as possible to your designated bank account.
FAQs about Litigation Loans
Do lawsuit financing qualifications vary by state?
Although we provide NJ litigation loans throughout the United States, some states have specific regulations that may impact your application process. If you believe your state might be impacted, you can contact our team directly for more information.
What happens if I lose my lawsuit?
If you lose your case, you don’t have to pay anything. Our lawsuit loans are non-recourse, so there’s no personal financial risk involved.
How much can I get from a litigation loan?
The amount will vary depending on your potential settlement valuation.