Lawsuit loans provide a way for plaintiffs in product liability cases, along with all other kinds of personal injury lawsuits, to get the money they need before and during the settlement process. They can often be obtained within days and have far fewer fees than traditional loans.
What is a defective product lawsuit?
Product liability lawsuits are common in the United States, with many involving recalls of products or companies.
They are the claims made against a manufacturer, distributor, or seller of a defective product.
People can raise these defective product claims for many kinds of products due to reasons.
Generally speaking, the three types of product defects are
- manufacturing defects (defective materials/quality),
- design problems (defects in the design of the product), and
- marketing defects (problems with labeling, instructions, or other warning labels).
These claims can arise in various situations:
- when you were using a product to do something, it was not intended for,
- when the product has caused an injury to yourself or another person, or
- person sustains damages from using a product because of poor build quality.
What is a product liability lawsuit loan?
No one would ever want to be involved in a product liability lawsuit.
However, if a defective or dangerous product has injured you, you might find yourself facing long-term medical bills and other expenses that could put your livelihood at risk.
Fortunately, there are financial options available for people who have been injured due to someone’s carelessness.
One of these is a product liability lawsuit loan, which allows you to borrow money against the potential settlement you might receive after a successful judgment from the court.
Apply for pre-settlement funding
Product liability claims are time-consuming and require a lot of money in legal fees and expenses to settle. Apply for low-cost pre-settlement funding and pay after winning the trial.
We evaluate for product liability settlement claim
Getting injuries because of the faulty product is traumatic. We assess your claim; based on the injuries you suffer.
We will provide a lump sum against your ongoing trial of product liability.
Get a product liability lawsuit loan.
We are well experienced in lending loans to merit cases. After a successful evaluation of the case, we can provide the cash advance in less than 24 hours.
Why do you need product liability legal funding?
If a defective or dangerous product has injured you, you might find yourself facing long-term medical bills and other expenses that could put your livelihood at risk.
Act as a financial catalyst
Product liability lawsuits are essential to the legal system because they allow individuals who have defective products injured to demand compensation for an injury.
This is, of course, crucial because if someone can demonstrate that a product wrongfully harmed them through no fault of their own, then this person should be compensated.
Many people are worried about filing a product liability lawsuit because they worry they will not support themselves financially during the trial.
Product liability lawsuits are costly
You need money to pay for the lawyer and other stuff while you go after the defective product company.
Getting money from ECO Pre-settlement funding company can support you in paying the bills while you sue big brands.
Help in pursuing the claim
Product liability lawsuit loans allow people to pursue a case. However, these lawsuits are costly and time-consuming. Therefore, it is important to have financial freedom during the trial process.
Product liability claims on which you can get cash advances easily
A negligence claim results when someone has acted negligently – this act causes an injury, which can be considered both civil and criminal offenses.
Through filing a personal injury claim, someone who files for damages is asking the court to find that another person was negligent and should be responsible for certain injuries/damages that resulted from this negligence.
Breach of warranty claims
A breach of contract claim results when a defective product injures someone, or the manufacturer, distributor, or seller fails to provide adequate warning, instruction, or use for the product.
Typically manufacturers are held strictly liable for any damages caused by their products; however, there are exceptions to this rule.
Strict liability claims
A strict liability claim is the most commonly used tool when filing a product liability lawsuit.
In these types of lawsuits, manufacturers are held liable for any damages caused by their products regardless of whether they were negligent in producing them or not — this means that ignorance of a defective product will not be considered as a defense.
Strict liability claims are brought for defective products that cause personal injuries or damage to real property, with or without warning on product labeling.
What happens if I lose the product liability claim?
Lawsuit loans are generally not paid back until after your case has been settled, meaning that if your case is unsuccessful, you do not have to repay anything. However, if it is successful and you receive a settlement, the lender will take its share of the damages and then repay itself.
Who are eligible for product liability funding?
Before applying for a lawsuit loan, it is important to make sure that you are actually eligible for one. In general, companies offering these loans require proof of suitability from an attorney representing the plaintiff in your case before approving your request.
How much time do we take to provide the funds?
If you are cleared for a loan, the process will take only 30 minutes or less. You’ll be asked to fill out an application form and agree to terms similar to any other loan agreement. Once you’re approved, we will usually deposit the money into your bank account within one business day.
The amount I can get for product liability case?
Product liability cases are expensive as you have to go against big brands with lots of financial and legal backing. Therefore we offer a sum between the range of $500 to $500,000 depending on the case’s merit.