Wisconsin Lawsuit Loans: Get the Compensation You Deserve
Many people with valid legal cases or claims that require compensation simply don’t have the money to hire an attorney on retainer or the cash to pay their legal fees as they go through trial and appeal.
If you’re one of these people, don’t worry!
Wisconsin lawsuit loans can help you out of this tough spot and get you the compensation you deserve for your injuries or other losses.
Here’s how lawsuit loans work and why they could be right for you.
What is a lawsuit loan?
First, let’s talk about what a lawsuit loan is not.
A lawsuit loan is not a cash advance or personal loan; it does not have to be repaid in full unless you win your case.
These are two very important distinctions.
A normal loan comes with specific terms, and if you fail to meet those terms, you could find yourself in legal trouble.
With a lawsuit loan, you receive compensation for living expenses while your case proceeds through court, without having to sign over a portion of your settlement amount to repay your debt.
This can help individuals who need money right away but want assurance that they will still receive their entire award (or more).
What are the benefits of applying for a lawsuit loan?
If you win your lawsuit, a lawsuit cash advance is ideal to pay for these bills. If you lose your case, you will not be required to repay any of it.
No collateral is needed to apply for a lawsuit loan, and most funding takes only one business day to receive.
In addition, once approved, money can be deposited directly into your bank account.
Its a non-recourse funding, you only pay if you win the case.
How much do these lawsuit loans cost?
Most pre-settlement funding companies charge between 5% and 15% of your total claim award.
For example, if you’re awarded $50,000 in a lawsuit, your litigation finance company may charge you $2,500 – $7,500 in fees.
Before choosing a litigation funding company, check their rate structure closely to ensure that you don’t end up with more debt after your case settles.
Other costs related to litigation funding include application fees ($100-$300), monthly servicing fees ($25-$150), monthly interest rates (10%-30%), and late fees (up to 30%).
Some states also impose collateral requirements for litigation financing; make sure to check with your state’s court rules for specifics.
Cases We Fund in Ohio?
- Medical Malpractice
- Racial Discrimination
- Car Accident
- Product Liability
- Faulty Hernia Mesh Claim
- Juul Lawsuit Loans
What are my rights as a plaintiff?
If you’ve suffered a personal injury or lost a loved one in an accident, you may be eligible for compensation.
But in order to get it, you’ll must have an ongoing lawsuit.
If it sounds intimidating—and risky—it is. It’s also one of the best ways to get justice and make sure that those who are responsible for your injuries are held accountable.
Before you begin your case, it’s essential to know exactly your rights as a plaintiff and whether you can afford legal help from a qualified attorney.
How will I be compensated if I win my case?
When it comes to collecting your settlement, a lawsuit loan can help you get some cash in hand to cover any expenses that will come up while you’re waiting for your case to be resolved.
Many people have medical bills, child care costs, and other expenses they need to take care of until their case is finished.
A lawsuit loan can help with these expenses, and it can also put some money in your pocket while you wait.
Some lenders offer interest-free or low-interest payment plans as well. If you win your case, you’ll pay back most or all of what you borrowed.
But if you lose, there are no payments due!
What happens if I lose my case?
If you happen to lose your case, there’s no need to worry.
While it’s true that your lawsuit will not proceed any further, you still have a personal injury claim and are entitled to compensation for damages.
That being said, many plaintiffs decide to file a claim even if they don’t think they can win their case.
In many cases, financial compensation is awarded based on lost wages and other expenses that can accumulate over time; even if you lose your case in court, you may still be eligible for compensation in these instances.
A legal consultation from an experienced attorney might make all of the difference in determining what course of action is best for you!
Apply with ECO & get the lowest pre-settlement funding
It’s not easy being injured in an accident, but it gets even harder when you can’t afford the medical bills that come with it.
Fortunately, there are alternatives to bankruptcy and borrowing from friends and family that help injured people receive the compensation they deserve without having to worry about how they’ll pay their medical bills on top of everything else.
If you’ve suffered from the negligence of another party, getting the compensation you deserve can be difficult and time-consuming, especially if the other party has no money or assets to take.
Wisconsin lawsuit loan can help with this dilemma by helping you pay your bills while your legal battle takes place.