Mesa, Arizona Lawsuit Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Lawsuit Loans in Mesa, Arizona?
A lawsuit loan is a financial tool designed for plaintiffs who are waiting for their legal cases to be resolved. It provides an advance on the potential settlement money from the lawsuit. If you are a plaintiff, involved in a personal injury case or any other legal claim, and require immediate funds, a lawsuit loan can be your lifeline. One critical factor making these loans attractive is that they are non-recourse, meaning that you do not have to pay back if the case loses in court.
At LawsuitLoans.io, we extend our services of pre-settlement funding throughout Arizona. For more in-depth information about our services in Arizona, please visit our Arizona Lawsuit Loans page.
To illustrate how lawsuit loans function, let’s consider a hypothetical scenario. Elizabeth is a resident of Mesa, Arizona. She was involved in a slip and fall accident that resulted in severe injuries. While her lawyer is confident about winning the case, the court process is lengthy. Meanwhile, Elizabeth has mounting medical bills and living expenses. In this case, Elizabeth can apply for a lawsuit loan through LawsuitLoans.io. With the approved loan, she can manage her finances while her case is pending. Once the settlement money comes in, the loan will be paid off out-of-court.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Important Arizona Lawsuit Loan Information
In the world of lawsuit loans, it’s crucial to stay informed on both financial and legal aspects. Below you’ll find a variety of key statistics related to our service in Arizona, including average loan amounts, statute limitations, fault laws, and more.
|Average loan amount by LawsuitLoans.io in Arizona||$19,847.00|
|Largest loan by LawsuitLoans.io in Arizona||$44,940.00|
|Average semi-annual rate in Arizona||18.6%|
|Median personal injury verdict in Arizona||$5,000 to $80,000|
|Arizona statute of limitations||2 Years; Arizona Revised Statutes Section 12-542|
|Arizona fault laws||Arizona is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.|
|Phoenix population, 2020||504,258|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Mesa
At LawsuitLoans.io, we have experience with numerous types of legal claims. Here are some of the most common ones we help fund in Mesa.
Auto and Other Roadway Accidents
If you’ve been injured in a car, truck, or motorcycle accident, or any other type of incident on the road, we can provide pre-settlement funding to help keep your life moving while you wait for your legal case to resolve.
Suppose you’ve had an injury or an accident on someone else’s property due to their negligence, such as slip and fall cases or dog bites. In that case, we can provide you with the financial support you need during your lawsuit.
If you’re suffering due to a medical professional’s error—whether it be delayed diagnosis, botched surgeries, or wrong medication—lawsuits can take time. We’ll step in to provide funds to help manage finances during this period.
Labor Law Claims
Labor law claims can involve issues like wage theft, discrimination, harassment, or safety violations at work. While these disputes can take time to resolve, we can provide the funds you need to stay financially stable.
If you’re involved in a legal battle over wrongful termination, unpaid overtime, or other employment issues, we can help. Our pre-settlement funding can buy you time to get the resolution you deserve without financial stress.
Other Personal Injury Claims
Besides the above, we also fund a wide range of other personal injury claims. These include accidents involving bicycles, pedestrians, defective drugs and more. Reach out to us to find out if we can fund your specific case type.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your savings and cost when you choose LawsuitLoans.io. While we sometimes offer interest rates as low as 2.5%, our calculator assumes an interest rate of 2.9%. This calculator is illustrative – please contact us for an instant, written quote for your request.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Lawsuit Loan in Mesa?
Before applying for a lawsuit loan, it’s crucial to understand the eligibility criteria. Here at LawsuitLoans.io, there are three main factors that determine if you’re eligible for a loan.
- Having a valid legal claim: Our pre-settlement funding service is designed for plaintiffs who have pending lawsuits. Therefore, having a legal claim against an insurance company, self-insured company, or large public entity is a must.
- Having an attorney: To consider your application, you need to have an attorney representing your case. We believe that working with an attorney increases the chances of reaching a successful settlement.
- Being 18 years old or above: Lastly, you must be at least 18 years old to apply for a lawsuit loan.
If you meet these criteria, you’re well on your way to receiving a lawsuit loan with LawsuitLoans.io. For more information or to start an application, visit our funding application page or call us toll-free at (866) 594-1343.
Apply today and get funds as soon as the same day you apply!
Our Mesa Lawsuit Loan Process
If you’re engaged in a legal claim and need financial help, you may consider a lawsuit loan from LawsuitLoans.io. Our process is simple and easy to follow.
Here are the five main steps a plaintiff needs to follow to get a lawsuit loan:
- Apply online: To start, visit our website and fill out the application form located at LawsuitLoans.io funding application. The application is straightforward and takes only a short time to complete.
- We contact your law firm: After receiving your application, we will reach out to your law firm. We do this to gather more information about your lawsuit.
- We review your case: We assess all the details obtained from your law firm. This step helps us determine if you are eligible for a loan.
- You sign a contract: If we approve your case, we’ll send a contract to you and your lawyer. This contract outlines the details of the funding agreement.
- You get funds: Once the contract is signed and returned, we disburse the funds directly to you. You may use them at your discretion to meet your financial obligations.
Let’s look at an example of how it works. Imagine Jane is a plaintiff in a personal injury case. She has spent her savings on medical bills and can’t work due to her injuries. Jane applies for a lawsuit loan on our website. After evaluating her case, we send a contract outlining the amount she can borrow against her pending settlement. Once Jane signs and returns the contract, she receives the funds. She uses these funds to pay for her household bills and medical expenses while waiting for the lawsuit to resolve.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. The funds advanced to you will depend on the current state of your case. For ongoing cases, we can advance up to a maximum of 25% of your expected portion of the settlement. In cases already settled, we can offer up to half (50%) of your anticipated settlement share.
To give you a clearer picture, let’s consider an example. Suppose you are a plaintiff from Mesa implicated in a car accident case with an estimated value of $100,000. The case is still in progress and won’t settle for some time. Medical providers typically receive around a third (1/3) of the settlement, and attorneys receive another third. This leaves the plaintiff with roughly $35,000. In this situation, LawsuitLoans.io could advance approximately 25% of the plaintiff’s portion, which equals $8,250.
Get $500 – $100,000 as soon as today
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same day you apply with us.
How quickly can I get a pre-settlement lawsuit loan in Mesa?
If you’re a plaintiff with an ongoing legal case, you might be wondering: ‘just how soon can I get my pre-settlement lawsuit loan?’. The answer is pretty straightforward at LawsuitLoans.io. Once your application has been submitted, the team at LawsuitLoans.io promptly starts reviewing your case.
Here is one of the standout features of LawsuitLoans.io: we strive for efficiency and speed. That’s why typically, we are able to determine if your case qualifies for a lawsuit loan within 24 hours!
Let’s consider a scenario as an example. Let’s say you’re involved in personal injury claim and you apply for a loan against your to-be-determined settlement. After you submit your application, we quickly collaborate with your attorney to understand the specifics of your case. About a day later, our underwriting team will make a decision on your application. If approved, it’s quick and easy for you to access your funds immediately.
This quick turnaround time is one of the many reasons why LawsuitLoans.io stands out among most pre-settlement funding providers. So if you’re a plaintiff in need of urgent funds in Mesa, don’t hesitate to reach out to LawsuitLoans.io today.
Pros and Cons of Pre-Settlement Funding in Mesa, Arizona
Pre-settlement funding can be an invaluable financial tool for plaintiffs who have suffered personal injuries. The most notable benefit of this type of funding is the financial relief it offers. This relief comes in the form of early access to funds that might otherwise be locked away during lengthy legal proceedings.
An addition to delivering financial relief, pre-settlement funding helps avoid pressure to settle early. Many plaintiffs feel pushed into accepting lowball settlement offers just to relieve financial stress. With lawsuit loans from companies like LawsuitLoans.io, plaintiffs can stand firm in their fight for fair compensation.
The non-recourse nature of lawsuit loans also offers benefits. This means if you lose your case, you don’t have to pay back the loan. So, there is no risk to your personal assets.
Understanding the Cons
Despite the many advantages of pre-settlement funding, one must be aware of the potential downsides. These include relatively high interest rates compared to traditional loans. This is because lawsuit loans are often a riskier venture for lenders, as they only recover their money if the plaintiff wins or settles the case.
Another potential downside is that the pre-settlement funding industry is generally under-regulated. While some states have lending laws pertaining to lawsuit loans, many do not. This lack of regulation can potentially lead to confusion or unfair practices.
The final potential drawback is that in order to qualify for a lawsuit loan, a plaintiff must have a well-developed case and an attorney working on a contingency basis. This requires upfront work, and not all plaintiffs will meet these criteria.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Mesa Pre-Settlement Funding FAQs
We understand that you might have some questions about obtaining a lawsuit loan. This is especially true if you are in the midst of a personal injury case or any other legal claim and reside in Mesa, Arizona. Here, we aim to answer some of the common questions that typically arise from our clients.
How much does it cost to get a lawsuit loan?
The cost associated with a lawsuit loan varies widely depending on several factors such as your case type, its current progress, and the potential settlement amount. At LawsuitLoans.io, we strive to give our clients clear, upfront information about the costs and always encourage them to get all the facts before making any decision.
Do I qualify for a lawsuit loan?
Qualifying for a lawsuit loan largely depends on the strength of your case. For instance, if you’ve been injured due to someone else’s negligence and have already hired a lawyer, there is an excellent chance you may qualify. However, every case is unique. We recommend you give us a call at (866) 594-1343 or complete our online application form, where one of our specialists can provide more specific information based on your circumstances.
If you have bad credit, can you get pre-settlement funding in Arizona?
Yes, absolutely. At LawsuitLoans.io, we understand that many people facing lawsuits have experienced financial strain. Therefore, we don’t make our decisions based on your credit score. The key determinant for granting a loan is the strength of your case. If you have a good case and a lawyer representing your interests, you could be eligible for a pre-settlement loan regardless of your credit history.
Apply today and get funds as soon as the same day you apply!
Does LawsuitLoans.io Directly Fund Cases in Arizona?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Arizona.