Personal injury lawsuit loans are designed to cover the costs associated with an injury and lawsuit, such as medical expenses and legal fees.
These loans are typically granted if you have a personal injury that was caused by someone else or if you were injured on the job.
There are many benefits to using these personal injury lawsuit loans to cover your costs while waiting for your case to be settled.
The first benefit is that they provide immediate financial relief when it’s needed most.
These types of loans can often be used to cover medical bills and other living expenses so that victims don’t have to worry about how they’ll pay their bills while recovering from their injuries.
How does personal injury pre-settlement lawsuit funding work?
While you are in a personal injury lawsuit, the legal process is very lengthy and takes years to settle.
One can figure out how much compensation they can get if they win their case by looking at how strong their case is and how badly they were hurt.
Personal injury lawsuit loans work like this: a lender gives you a certain amount of money against the settlement you might get if you win your case.
Personal injury lawsuit loans are an excellent way to cover your expenses and get back on your feet following an injury.
The law firm that is handling your case will work with you to determine the amount of money you need for living expenses, medical bills, and other necessities.
You can also use these funds to repay any outstanding debt that resulted in the injury in the first place.
These funds come from a third-party lender who specializes in lawsuit loans for people who have been hurt. They take into account all of your needs, including monthly payments and interest rates, so it’s easier for them to give you the best possible deal.
5 Benefits of Using a Personal Injury Lawsuit Loan
Personal injury lawsuit loans can be very helpful, especially if you need cash quickly after an injury or accident and don’t have any other way to get it. These are loans you can apply for to cover costs such as medical bills, lost wages, and other expenses that come along with getting injured in an accident or harmed by someone else’s negligence. These benefits of personal injury lawsuit loans will help you decide if it’s the right choice for your needs.
1) Peace of Mind
One thing that you may not realize about personal injury lawsuit loans is that they can give you peace of mind. You have to deal with a lot when you are injured, and it can be stressful. One way to lessen the stress is by using your settlement money for something else, like starting another business or paying off bills. When you use the settlement money as an advance on your lawsuit loan, then you will feel much better knowing that your expenses are going to be covered while you wait for your settlement check in the mail.
2) Personal injury loans are easy to get
Personal injury loans are easy to get, and you don’t need to have a strong credit score. After you are approved for a loan, the funds will typically be deposited into your bank account within two business days. You can use the money for any purpose, including paying bills or funding your new business venture. This is one of the fastest ways to get cash in your pocket after suffering from an injury that was not your fault.
3) Very little paperwork and minutes to apply
Unlike other types of loans, personal injury lawsuit loans require very little paperwork and take only minutes to apply. These loans are not subject to credit checks and are available even if you have bad credit or no credit history. With these loans, the money is deposited directly into your bank account as soon as your application is approved.
4) Non-recourse form of funding
Personal injury lawsuit loans are a non-recourse form of funding, meaning you do not have to repay the loan until you win or settle your lawsuit. You can also negotiate with your creditors to pay only the interest on your debt while you wait for a settlement.
5) No obligation on the usage of personal injury lawsuit loans
Personal injury lawsuit loans are given to plaintiffs in personal injury cases. They allow you to pay for your lawsuit expenses, like medical bills, without having to wait on your settlement funds. Not only that, but they also have no-obligation on how plaintiffs use the money they receive from their personal injury lawsuit loans. If you want to use the money for something other than paying for your lawsuit expenses, then there is no problem with that.
Qualification criteria for personal injury lawsuit loans
To qualify for a personal injury lawsuit loan, you must meet the following criteria:
1) You are injured in an accident and can’t work.
2) The accident was caused by someone else’s negligence.
3) You have the legal right to sue for compensation for your injuries.
4) The other party has personal assets or insurance proceeds to pay for their wrongdoing.
5) You have an ongoing lawsuit or planning to file a lawsuit
6) You have yet to receive a settlement or judgment in this case.
7) You have a lawyer working on your cases on a contingency fee basis.
Personal injury lawsuits we fund
There are dozens of personal injury cases on which we can provide quick cash advances.
- Wrongful Death Lawsuits
- Medical Malpractice Lawsuits
- Birth Injury Lawsuits
- Slip And Fall Accident Claims
- Defective Product Lawsuits
- Nursing Home Abuse Lawsuits
- Brain Injury Lawsuits
- Premises Liability Lawsuits
- Dog Bite Lawsuits
- Police Brutality Lawsuit
- Sexual Abuse Lawsuit
- Wrongful Imprisonment Case
Our application process for personal injury lawsuit funding is simple
Our process makes it quick and easy to apply and get money in your bank account as soon as tomorrow if approved!
To apply, you will need to submit a completed lawsuit loan application as given below.
If your personal injury lawsuit is worth enough and has a good chance of winning, we will move forward with it right away.
Once we accept your case, we’ll explain exactly how much money you can expect to receive in form of legal funding
After finalizing the amount, we will set a condition on which the plaintiff and the respective attorney agree.
Plaintiff of a personal injury settlement, apply for lawsuit loans today and settle your expenses
Whether you’re about to go through a medical procedure or facing lost wages and mounting medical bills, if you’ve suffered an injury due to someone else’s negligence and want financial assistance, it’s a good idea to talk with us today at 800-961-8924.
Unlike other lawsuit lending companies, which can take as long as two months to review your case, we provide funding within 24 hours in most cases.
After approving your application, we can give you the cash advance as soon as the next business day!
Please contact us today if you are in need of personal injury lawsuit loans, and settle all your pending bills and use the funds to strengthen your case.