Lawsuit loans (sometimes called accident loans) are a quick source of cash for plaintiffs in the midst of a civil lawsuit. In fact, there are many benefits of lawsuit loans for personal injury clients faced with financial problems and insufficient income while waiting to get the settlement money expected from a forthcoming lawsuit. Lawsuit settlement loans have saved personal injury victims throughout the United States from accepting low-ball settlements and experiencing financial disaster such as eviction and vehicle repossession. While a responsible lawsuit funding company is quick to point out that borrowing money against a lawsuit should be a financial service of last resort, litigation loans remain a viable and often times only funding option for many clients nationwide.
Lawsuit loans have become a fast-growing financing option for personal injury plaintiffs. Clients first experience the benefit of lawsuit settlement loans when they find themselves with a pressing need for cash but short of funds. Learn how lawsuit loans work to help you pay for your living expenses and make ends meet until you settle your case.
A lawsuit loan allows personal injury plaintiffs and accident victims to borrow money against a forthcoming lawsuit settlement. Lawsuit funding companies advance settlement loans to cash-strapped clients who urgently need money to pay bills and stay afloat financially until they receive financial compensation from a settled case.
When you apply and receive approval for a lawsuit loan, you’ll receive an advance on a portion of the settlement money you're expecting from a lawsuit settlement. Borrowing against a settlement is based on the current estimated value of your case.
Here are some of the benefits of lawsuit loans for plaintiffs:
Lawsuit loans are easy pre-settlement cash advances solutions that do not require credit checks. Lawsuit lenders are not concerned with the credit score of a borrower. The pre-settlement advance is based on the facts and circumstances of the case. There are additional no-hassle advantages of taking out a lawsuit loan before your case is settled: There’s no income verification, no upfront fees, no out-of-pocket costs, and no monthly payments.
A litigation loan is a financial lifeline that gets you money when you need it the most. The lawsuit process can take a long time to settle. Cases that drag on can be financially straining on personal injury victims who are struggling to pay their bills and faced with unexpected financial expenses. Clients take out personal injury loans when they find themselves drowning in bills and need a cash lifeline to stay afloat financially. With a loan on your pending lawsuit, you get fast funds to cover your bills, living expenses, vehicle loan payments, and medical bills until your attorney recovers adequate monetary compensation from the defendant.
Plaintiffs can also use lawsuit loans to pay for their medical treatment and surgery costs. Accident victims and personal injury claimants often require extensive and expensive medical care consisting of physical therapy, rehabilitation, diagnostic testing such as MRI studies, and surgical intervention. When clients require surgery or rehabilitation but don’t have insurance or sufficient medical coverage they can get lawsuit funding to cover the cost of their treatment. Pre-settlement funding is the key to accessing quality medical treatment so you can recover from your injuries faster and get your life back on track.
Lawsuit loans are financial empowerment tools for plaintiffs fighting to recover fair and reasonable monetary compensation for the losses and damages they've suffered. Loans against lawsuit settlements help clients to access cash fast to alleviate the financial pressure to settle their claims early for low-ball settlements, far less than the full value of their claims. Rather than settling out of court because of financial hardship, plaintiffs can take more time to negotiate a better settlement or prepare the case for civil trial.
Lawsuit loans are provided for plaintiffs on a risk-free, non-recourse basis. The advance is not a personal loan. Lawsuit funding is simply a cash advance on your pending lawsuit. You do not make any monthly payments while you’re waiting for your claim to settle. Rather, the funds are paid back by your attorney from the proceeds of a settlement, judgment, or jury verdict. If you lose the case, you keep the settlement advance and owe nothing.
You are eligible to apply for a settlement loan if you have a pending personal injury lawsuit or workers' compensation claim and hired an attorney to represent you in an injury claim.
Settlement loans for claimants with injury cases are available for a wide range of cases. If you suffered an injury, hired a lawyer to pursue a claim for monetary compensation for the damages you have incurred as a direct result of the injury, and have a possible settlement coming forthcoming, you can contact the legal funding department to learn your pre-settlement funding options. We typically advance settlement funding for workplace accident cases and personal injury cases.
Here are a few of the most popular pre-settlement funding programs we provide to victims expecting claim settlements, auto accident lawsuit loans, bus accident loans, car accident settlement loans, dog bite settlement loans, slip and fall lawsuit loans, motorcycle accident lawsuit loans, workers' comp loans, personal injury loans, and wrongful death lawsuit loans.
Accident Claim Loans is a national lawsuit funding company providing lawsuit loans for personal injury victims nationwide. Plaintiffs across America have utilized settlement funding options to weather the storm during the lengthy claim settlement process. We currently offer instant pre-settlement advances in 44 states throughout the United States. Here is a list of cities and states where we help accident victims awaiting personal injury settlements:
Alabama, Alaska, Albany, Arizona, Arizona, Atlanta, Baton Rouge, Buffalo, California, Connecticut, Delaware, Detroit, Florida, Fort Lauderdale, Georgia, Hartford, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Lansing, Louisiana, Maine, Massachusetts, Miami, Michigan, Minnesota, Mississippi, New York, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, St. Louis, Syracuse, Tampa, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Accident Claim Loan has a fast and easy settlement loan process. If you're ready to get stated and take advantage of the multiple benefits of lawsuit loans, all you have to do is call 1-888-715-8701 or fill out the short online application form on this page.
Remember, lawsuit loans on personal injury cases are 100% risk-free to plaintiffs. There's no credit check, zero upfront fees, $0 monthly payments, and if you lose your case, you can keep the lawsuit cash advance and owe nothing.