Our company provides Alabama pre-settlement funding to people who have a pending court case in which they are the victim of an injury caused by someone else’s negligence in the state of Alabama. Anyone who suffers injuries because of the other person’s negligence has the right to sue the offender and ask for compensation. Since litigation expenses are costly and time-consuming, you must spend a lot during court proceedings and wait for years to reach a final settlement.
Not every person who suffered a personal injury has a lot of savings to continue with the litigation cost, and they might forfeit in between. But now, with pre-settlement funding, you can easily get a cash advance against your pending court case in Alabama, which you can use to pay for the litigation cost. Further, a pre-settlement loan not only helps you with a cash advance, but it can also help you continue with court proceedings and win fair compensation.
Being a pre-settlement funding company, we have seen plaintiffs who have faced injuries have to suffer physically as well as financially. Getting medical care is always costly, and if you don’t have money to pay for the medical bills and you get completely dependent on compensation, your life gets tough. To take care of your financial well-being while you are in the middle of a lawsuit, our company can provide pre-settlement loans of up to $250,000 based on the merit of your lawsuit.
Understand Pre-Settlement Funding in Alabama
Pre-settlement funding are very different than any other tradition lending, these are non-recource funds, which are offered only to the plaintiff. Further, the lender will give you funds in exchange for a portion of your future settlement award.
In simple terms, Alabama pre-settlement funding is for people who have pending court cases in Alabama. In these cases, the victims suffered injuries at the hands of others due to negligence. The lawsuit they have filed is against the offender, and the purpose is to get fairly compensated for the damages the victim faced.
Now, there are many options to raise money for your pending lawsuit; you can use your savings to cover the litigation costs or approach traditional lenders (like banks and credit cards) to cover the cost of a lawsuit. As the lawsuit proceeds, you will notice that it will continue dragging on for years, and if you use your savings to cover the litigation cost, you will have no money left since lawsuits are expensive.
Hence, pre-settlement funding is a much better option if you need money to pay for the litigation costs, even for medical care after personal injury. These cash advances are not debt; they are simple cash that you get against your pending lawsuit. The biggest advantage of pre-settlement funding is that you will get risk-free cash since you only need to repay if you win, and if you lose, you don’t have to pay anything.
Are Lawsuit Loans Legal In the State Of Alabama?
Pre-settlement loans and lawsuit loans are completely legal in the state of Alabama. If you have a pending court case, you can get lawsuit loans with a legal funding company. However, there are few regulations that keep a check on pre-settlement funding companies. As per the limit set by the Alabama Consumer Credit Act “Mini Code,” a plaintiff can only get up to $250,000 as legal funding.
You can get anywhere between $500 and $250,000 as lawsuit loans in Alabama, but the strength of your case will play a key role in determining the exact amount we can offer. Further, you can get a cash advance on a pending lawsuit that has been in court for less than two years. If the statute of limitation of funding, which is two years, is crossed, we cannot offer you any settlement loans.
What Cases Are Eligible For Pre-Settlement Loans in Alabama
We can fund any personal injury claim in Alabama until and unless it is strong and has a good chance of being settled. Some common cases include:
- Car Accident Lawsuit Loans
- Wrongful Death Lawsuit Funding
- Roundup Litigation Funding
- IVC Filter Lawsuit
- Hernia Mesh Lawsuit Loans
- Product Liability Lawsuit
- Personal Injury Cases
- Slip And Fall Accidents
- Birth Defect Cases
- Faulty Drug Lawsuit
NOTE: We cannot fund cases related to worker’s compensation in Alabama.
How Much Will Be The Interest Rate On Lawsuit Funding In Alabama?
Lawsuit funding is not a debt, but if a lender provides you with money, they will charge you something in return. Similarly, lawsuit loans also come with an interest rate. The rate of interest of this type of funding is dependent on the case strength. If your lawsuit is strong, and you have a higher probability of getting a settlement in the coming months or years, the interest rate will be low. But if your case is complex, and the risk is high for losing it, or it can take years, the interest rate is going to be high.
So interest varies from one applicant to another and from one case to another. However, in Alabama, you can get lawsuit loans with interest rates anywhere between 5% to 20% depending on the case and lender.
Our company has been helping plaintiffs for years, and we try to provide the lowest-cost lawsuit loans to our clients. With us, you will only get the best possible interest rate for your pending lawsuit. Since every lawsuit is different, the interest rate can vary depending on the type of case. To find out the interest rate on the lawsuit loan we can offer you, contact us at 800.961.8924.
Apply For Low-Interest Rate Alabama Pre-Settlement Funding
If you are looking for cash to cover your expenses while you have a pending settlement, there is no better option than getting pre-settlement funding. Our cash advance are specially designed for plaintiffs like you who suffered injuries or accident because of someone else negligence. Further, to improve the financial situation of our client, we only provide risk-free funding.
So, if you get a pre-settlement loan against your pending lawsuit, and in case you lose the lawsuit or the settlement doesn’t come in your favor, you don’t have to worry about the repayment. Since we are considering your lawsuit as collateral, whatever the result will be, we will get paid only if you win.
With pre-settlement funding, you can tackle the bills and even the lowball offers, and you can repay the cash advance after you win the case. Getting quick money right now will definitely help you stay afloat while your case is still pending in the Alabama court. To apply, you just need to fill out the form below.