When going through an Oklahoma lawsuit, the last thing you should be concerned about is funds.
Whether you need to pay for expert witness fees, court costs, or damages, you should be able to rely on cash from lawsuit loans to help you achieve your ultimate goal of winning your case.
At ECO Pre-settlement Funding, we will look at what these loans are, why they’re so popular among legal professionals and litigants in Oklahoma, and how to determine if they’re right for you.
Reasons to Get a Lawsuit Loan in Oklahoma
A lawsuit loan is a type of legal financing that helps people pay for the cost of their lawsuit.
With so many expenses, it can be difficult to know how much you’ll need and when you’ll need it, which is why lawsuit loans are such a good idea.
Since consumer litigation funding is allowed in Oklahoma, a plaintiff can have no-obligation structured settlement loans for multiple usages.
Here’s what you need to know about Oklahoma lawsuit loans and how they work:
- They’re fast.
- They’re simple.
- It will be confidential.
- Most importantly, they give you the peace of mind that your legal costs will be taken care of, so you can focus on winning your case.
Qualifying for a Lawsuit Loan in Oklahoma
To qualify for a lawsuit loan in Oklahoma from ECO, you have to be a plaintiff and have an active lawsuit in the state of Oklahoma.
To receive your cash, you must prove that you are the plaintiff in an active lawsuit and that you can’t wait for a settlement or verdict on your case.
Our loans range from $500 to $100,000, and payments start at just $100 per month.
This means that even if you don’t win your case, we have a repayment plan for you.
Lawsuit Loan Interest Rate in Oklahoma
The interest rate for a lawsuit loan in Oklahoma is typically from 18% to 24% on the unpaid balance.
If you cannot pay the full amount by the end of the loan term, your APR will be adjusted accordingly.
At that point, it could range between 36% and 60%.
The duration of loans varies between one month and five years.
Interest rates also depend on your credit score, which can determine if you qualify for a lawsuit loan in Oklahoma.
Types Of Cases Eligible For Lawsuit Loan
- Personal Injury Cases: If someone else’s negligence has injured you, you may be entitled to financial compensation. Eligibility for a lawsuit loan is based on the severity of your injuries and your ability to prove that the other party’s actions caused them. From car accidents to mass tort claims, we can provide quick and easy pre-settlement funding.
- Product Liability Cases: Protecting consumers from dangerous products is one of the most important responsibilities of our legal system. When manufacturers or other businesses make defective products that injure consumers, those who have been harmed are entitled to seek damages from their negligent parties.
- Medical Malpractice Cases: Doctors take an oath first not to harm, but sometimes mistakes happen. Injuries and deaths due to medical malpractice are heartbreaking and can create a significant financial strain for victims and their families.
Get advances from ECO in a few days.
If you’re getting ready to file a lawsuit, it’s important to be prepared.
Our Lawsuit loans in Oklahoma are designed to help you with all your needs throughout the litigation process, including any unexpected events that may come up during the trial.
For example, your vehicle may need repairs after an accident at the courthouse or extra cash to buy new clothes so you look your best in front of the jury.
Suppose you’ve been injured or sickened due to someone else’s carelessness. In that case, you might be eligible to file a lawsuit to recover the money you need to cover your expenses and treat your injuries.
However, the costs associated with litigation can be extremely high, and it may take years before you see any compensation, let alone pay off all your medical bills.
Till that, you can use lawsuit funding and repay after winning the case.