If you live in Alaska and you have suffered injuries because of someone else negligence, you are eligible for compensation. You can take Alaska pre-settlement funding, so you don’t have to worry about cash while in a pending lawsuit. We provide pre-settlement advances only to victims of personal injuries who have an ongoing case in court. Further, these cash advances are recourse, so you only need to repay them once you win your lawsuit. The eligibility criteria for a pre-settlement cash advance on a pending lawsuit are simple; all you need is a pending lawsuit with a good chance of success and an attorney representing your case.
People who suffer accidents because of someone else negligence not only suffer physically, but they also have to deal with financial consequences. The most common is the lost wage, either due to loss of work or inability to work because of injury. Furthermore, if you become disabled, you may never be able to work again, which will harm not only your current financial situation but also your future. Therefore, the court says that if you suffer injuries, you can demand compensation from the offender, and you must file a lawsuit against the offender for the damages they caused you. The court will decide on a fair settlement value based on the severity of the injuries and trauma.
What Is Legal Funding?
Legal funding is a way of getting cash for your ongoing lawsuit so that you can pay for the litigation expenses and take care of your expenses. Further, the money you receive as a pre-settlement loan can also be used for your medical emergency. To receive legal funding in Alaska, you agree to share a certain portion of your settlement award with our pre-settlement funding company. We can easily offer you a cash advance based on the strength of your case.
Further, we offer only risk-free lawsuit loans, so you don’t need to worry about debt accumulation. Your ongoing lawsuit will cover the loan payment once you win the case. And even if you lose the case, you don’t have to repay the loan, as lawsuit loans come with a non-recourse feature. So don’t wait for your settlement to arrive. Get legal funding and tackle your urgent expenses with ease.
What Are The Benefits Of Alaska Pre-settlement Funding?
As you now know, what legal funding or pre-settlement funding is. The obvious question is what benefits you will have if you take a pre-settlement loan. So, let now explore the benefits that pre-settlement funding has:
Easy Way To Get Cash During Urgency
If you have a pending lawsuit, getting a pre-settlement loan is much easier than getting a bank loan. Banks ask for physical collateral to finance, but our company only needs an ongoing lawsuit to offer you cash. We understand that during a court proceeding, a cash requirement arises more often. To solve the plaintiff’s financial problem, we introduced pre-settlement funding in Alaska.
No Credit Check Or Employment Verification Needed
You don’t need a strong credit rating to get legal funding; you only need a strong case. This ensures that people with a poor credit rating but need money while in the middle of a court case can get quick cash to cover urgent expenses. Further, we understand that people who suffered injuries may have been forced to leave their jobs because of disability; therefore, employment status is also not checked when we offer your pre-settlement loan.
Only Risk-Free Fund Option Available Out There
Our lawsuit loan is non-recourse, which means that you pay only if you win. In case you lose the case, our company will not ask for payment. Further, this non-recourse feature is the most interesting part of a lawsuit loan, which attracts the plaintiff to get the funds while they are suffering financially because of the ongoing court case.
Who Can Get Lawsuit Loans in Alaska?
The fundamental requirement to get a lawsuit loan in Alaska is that the applicant must have an ongoing case where the applicant is the victim of injury or harm. Further, there are a few more requirements that a person needs to fulfill to apply for a cash advance here in Alaska, such as
- Applicant’s age is more than 18
- You have a pending lawsuit in Alaska.
- An attorney is working on your case.
- The attorney whom you have hired must be taking a contingency fee.
Getting a pre-settlement loan is very simple in Alaska; once you fill out our online form, someone from our company will contact you and your attorney. We will ask your lawyer to send us information about your case so our internal team can evaluate it. Based on the strong case, we can offer you a loan offer. Further, we will provide you with an agreement you and your attorney must sign. We will transfer the funds after we get the signed copy of the document.
What Kind Of Lawsuits Can Get Pre-Settlement Funding In Alaska?
Our company can fund multiple cases in Alaska, but we provide plaintiffs with an ongoing case only. If you have any lawsuit similar to the one given below, you can apply for a pre-settlement loan with us. The cases are:
- Medical Malpractice Lawsuit
- Personal Injury Lawsuit
- Car Accident Lawsuit
- Product Liability Lawsuit
- Mass Tort Lawsuit
- Commercial Litigations
How Much Lawsuit Loans Can You Get in Alaska?
Depending on the case type and strength, the amount is fixed. Generally, you can get pre-settlement cash advances in the range of $500 to $500,000 in Alaska. In cases where only wear and tear injuries are involved, get the low amount in the form of a lawsuit loan like $500 to $50,000, whereas in cases where the injuries are severe or the victim scum to death because of injuries, in those scenarios, we can provide the even higher amount in the form of lawsuit loans. Simply put, you can get between 10-20% of your future settlement award as legal funding.
How Much Will Pre-settlement Funding Cost?
The interest rate for Alaska pre-settlement funding varies according to the injuries’ severity. Since no two case types are similar and the injuries can also vary from accident to accident, the deciding factor is not constant. But here are a few things that decide the interest rate is
- Expected time for settlement
- Value of expected settlement
- Asked amount
- Condition of the plaintiff’s health
- The seriousness of injuries
- The merit of your case
To get the best rate of interest, you need to apply with us. Based on the internal evaluation of your case, we will provide you with the exact interest that will apply to your lawsuit loan.
Need Alaska Lawsuit Loans? Apply With Us Now
Undoubtedly, lawsuits are expensive in Alaska, and people in the middle of them mostly suffer financial crises. Rising medical and legal costs can deplete your savings, leaving you with no choice but to take out a loan. But now, with pre-settlement funding, you have the risk-free option of getting money without putting anything at risk.
Since pre-settlement funding is non-recourse, you only need to settle the loan if you get a successful settlement. Furthermore, you can use the cash advance to pay for anything; we have no restrictions on how you use the funds. Pay for medical bills, legal costs, child care, car repair, surgeries, mortgages, etc. Even if you are forced to settle for a lowball offer while you have no money for court proceedings, pre-settlement funding in Alaska is the solution. Get the funds now and wait until the final, fair settlement award.