Not every loan is created equal. There are home, car, personal loans and more. A lawsuit loan is not available to everyone but for those who qualify it can seem like it’s the answer to all of their money troubles.
A Lawsuit Settlement Loan is designed to help person fund their case or pay for their daily expenses until their lawsuit is litigated and settled. The loan is only repaid if the loaner wins their case. If they do not, they owe nothing.
Get the cash you need now while waiting for your payout for a car wreck with a Lawsuit Settlement Loan.
Personal Injury Case
Keep you and your family financially afloat while you wait for your personal injury case to be settled thanks to an easy to obtain Lawsuit Settlement Loan.
Employment and On the Job Accidents
Got hurt at work? Awaiting a Worker’s Compensation Settlement? A Lawsuit Settlement Loan will let you tap into those funds right now when you really need them.
Medical malpractice lawsuits can drag on for years. Get the cash you need now to pay bills, cover medical treatments and more with a Lawsuit Settlement Loan.
Not sure if your case qualifies? Contact us today to find out!
Frequently Asked Questions
Yes! You can get a lawsuit advance even if you have bad credit. A Lawsuit Settlement Loan isbecause an advance and it has to be repaid only if you win the case. Your personal credit score is irrelevant.
The amount of money you will receive solely depends upon your case and how much it is projected to be worth. If your case is worth $100,000, you could receive an advance of up to $10,000. The majority of Lawsuit lenders offer advances of up to 10% of what your lawsuit is worth.
Your lawyer is no doubt making a strong case against the defendant. Every case is different and the lawsuit lenders will review the information from the case you filed via a request to your lawyer.
A Lawsuit Settlement Loan provider works with an applicants lawyer and will request everything they need from them.
You will need a lawyer to get an advance from most lawsuit lenders and if you don’t have one, they may be able to help you find one.
If you already have a complaint filed in court then you no doubt get lots of emails already, offering you all kinds of settlement loans. However not all lenders are created equal and not all have a client’s best interests at heart.
Compare the interest rates of all the Lenders you have shortlisted, this will help you find a good lender that has the best rates. Generally, lawsuit loan lenders do not disclose their rates until they go through your case.
Make sure that you ask them every detail about the loan, if they charge their interest monthly or weekly. The majority of companies charge their interest monthly but some do it weekly. Just remember that the companies that charge interest weekly will eventually get more interest at the conclusion of the case.
Lawsuit loan Companies charge between 27% to 60% interest rate which is very high compared to other loans as these service run at a risk.
Few companies charge you to assess your case but some will assess it for free and after that assessment, they will decide whether your case is eligible for a lawsuit loan or not. You should also talk about the terms and conditions of the contract. Ask if you win the case, the lawsuit lending company will not take more money than the claim amount and you don’t pay anything if you lose the case.
Just remember that there are numerous lenders that will help you find a suitable loan so if a lender is hesitating to provide you all the information, it is time to find a new one.
Settlement loans should be your final choice as they are extremely expensive. Lawsuit loans are not really loans but advances. Funding yourself is difficult after a personal injury, however; you must make sure that a lawsuit loan is a final choice due to the higher interest rates . Lawsuit funding is also very risky because sometimes the loan is higher than the settlement money you receive.
You should look out for companies who incur additional rates and charge extremely high rates on your loan which can burn a hole in your pockets. So be sure that you find a company that has been in business for several years.
Lawsuit loan lenders won’t approve your loan until 90 days have passed after the personal injury. This is done so that they can assess your case before your loan is approved.
Lawsuit loan companies give advances of up to 10% of what your case is worth, so if your case is worth $5000 you will be approved for an advance of $500.
As personal injury loans are not regulated by the federal and state law, Lenders can charge interest rates as high 50%. Even if you have a high settlement amount, these loans are risky because of the high amount of money you have to pay back to the lender and the lawyer. These costs are so high that after paying the loan the individual gets left out with too little money or sometimes end up in debt.
Don’t consult loan brokers as they will charge you high fees. Try to deal with a Lawsuit lender yourself if possible.
Lawsuit Loans: Get Cash now in exchange for a portion of your future legal settlement at a fair rate and without a credit check. It is that simple. If you have a personal injury claim and have hired a lawyer, then you qualify to receive a cash advance from Direct Legal Funding.
We are experts in Auto Accident , Personal Injury , Workers Compensation, Settlement Loans and Others. If your loan does not settle, we do not get paid. Bank staff are paid whether you obtain a home loan or not, so they are not as likely to work hard to ensure the best possible outcome for you. Your interest rate will be just the same as if you were dealing directly with a Bank or Lender yourself, sometimes even cheaper. Our business is built on referrals – hence, it is in our best interests to ensure that you obtain a legal loan from us as fast as possible so that you are satisfied. We also keep our Clients well informed beyond Settlement. Our valuable information alert service provides you with relevant information on the settlement loan, updates on Lenders/products, and special offers that may be of interest to you.
If you plan to file a lawsuit and are represented by an attorney, or have filed a lawsuit and are awaiting the trial or settlement of your case or payment of your settlement or award, you can apply for a lawsuit cash advance. Direct Legal Funding provides lawsuit cash advances to Auto Accident , Personal Injury , Workers Compensation and plaintiffs in paying their bills, and give attorneys time to build stronger cases.Qualifying for Lawsuit Loans
While personal injury cases are the most common litigation used with lawsuit loans, many kinds of cases qualify for this type of financing. They include medical and legal malpractice, wrongful death, wrongful termination, breach of contract, sexual harassment, employment discrimination and product liability.
For Direct Legal Funding, lawsuit loans are purely a way of helping people. If you lose your case, we walk away with nothing. But if you win, we have a legal right to share your settlement. This right is based on the lien that gets placed on your case to secure your legal advance. The lien gives us a legal claim to be repaid when your case is settled.
The transactions described on this website are actually assignment of rights to a portion of future proceeds (settlement or award) from a lawsuit.The terms “loan” or “loans” are used on the website to describe the fact that clients receive money and the repayment of this money is calculated with interest.The term “loan” implies that repayment the principal and interest are required under all circumstances.In actuality legal funding transactions are NOT LOANS.Direct Legal Funding cash advances require repayment only if our client receives a favorable award or settlement.If the client loses his/her case the advance is NOT repaid.