Peoria, AZ Lawsuit Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
What Are Lawsuit Loans in Peoria, Arizona
Lawsuit loans, also known as pre-settlement funding, are non-recourse advances provided to plaintiffs with an active legal case. These loans are designed to aid financially burdened plaintiffs while they wait for their case to resolve. An essential feature of a lawsuit loan is its ‘non-recourse’ nature. This implies that repayment is contingent upon successful resolution of the case. If the plaintiff does not win, they do not have to repay the loan.
At LawsuitLoans.io, we offer lawsuit loans throughout Arizona. For more detailed information related specifically to Arizona, you can visit our Arizona Lawsuit Loans page.
Let’s illustrate this with a hypothetical example: Meet Harold, a resident of Peoria, Arizona. Harold was involved in a motorcycle accident resulting in debilitating injuries. The accident wasn’t his fault and he has filed a personal injury lawsuit against the party at fault. However, due to his injuries, Harold is unable to work and meet his financial responsibilities. At this point, a lawsuit loan from LawsuitLoans.io can provide Harold with essential financial relief. Harold applies for the loan, we review his case, and once approved, he gets the funds necessary to tide over his financial situation until the case settles. If Harold wins his case, he repays the loan out of his settlement proceeds. If not, he owes us nothing.
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
This section presents key data about lawsuit loans in Arizona. LawsuitLoans.io has been at the forefront of providing funds to plaintiffs awaiting legal resolutions. You will find details below on average loan amounts, interest rates, and other critical statistics specific to litigation funding in Arizona.
| 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 | 190,985 |
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Common Case Types We Fund in Peoria
At LawsuitLoans.io, we have residents of Peoria covered when it comes to pre-settlement funding for various case types. We understand how vital these funds can be to keep your life moving as you await the outcome of your legal case. Here are the most common types of cases that we fund:
1. Auto and Other Roadway Accidents
Car accidents and other roadway mishaps can cause significant harm and disrupt lives. We provide funding for victims of such incidents to help them stay financially stable during their ongoing legal proceedings.
2. Premises Liability
Slips, falls, and other accidents occurring due to unsafe conditions on a property could qualify for premises liability claims. Our pre-settlement funding can assist in meeting living expenses while litigation is ongoing.
3. Medical Malpractice
Medical malpractice cases involve negligence or carelessness from health care providers. These often lengthy cases can result in financial strain, but our funding can help manage expenses during this period.
4. Labor Law Claims
Labor law claims concern infringements of a workers rights, such as workplace discrimination or unsafe work conditions. Our funds provide financial relief during these potentially lengthy proceedings.
5. Employment Claims
Economic uncertainty can arise from employment disputes such as wrongful termination or wage theft. In such situations, our pre-settlement funds can bring much-needed financial stability.
6. Other Personal Injury Claims
We also support other personal claims like product liability and intentional torts. Regardless of your situation, we strive to provide essential funding to keep you financially secure until your case is resolved.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% 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 Peoria?
If you’re in the middle of a legal battle, you may find yourself asking: am I eligible for a lawsuit loan in Peoria? The idea of getting some financial relief while your case is still pending can be attractive, especially if you’re faced with mounting bills and expenses.
The good news is, yes, you could potentially be eligible for a lawsuit loan. However, there are certain requirements that need to be met. The primary eligibility criteria for lawsuit loans are:
- Having a valid legal claim against an insurance company, self insured company or large public entity
- Having attorney representation for your case
- Being at least 18 years old
If you meet these requirements, you could be eligible for a lawsuit loan in Peoria. While every case is unique and there are no guarantees, these are the basic eligibility criteria.
Get Started
Apply today and get funds in as little as 24 hours!
Our Peoria Lawsuit Loan Process
At LawsuitLoans.io, we are dedicated to creating a simple, easy-to-understand process for obtaining lawsuit loans. Essentially, acquiring a lawsuit loan can be broken down into five basic steps. These steps include:
- Online Application: Begin the process by filling out an application on our website. This requires some basic information about yourself and the nature of your case.
- Contacting Your Law Firm: Once the online application is received, we take the initiative to directly contact your law firm to gather further information about your legal case.
- Case Review: After obtaining all the required details, our experienced team thoroughly reviews your case. They consider several factors such as the likelihood of winning, damage assessments, and potential compensation.
- Signing the Contract: If your case meets the criteria and is approved, you will receive a contract from us. Carefully read over the contract, and once you agree with the terms and conditions, sign it.
- Funds Transfer: Upon receiving the signed contract, we quickly transfer the funds to you. While repayment typically happens after your legal case is resolved, it’s important to know that with LawsuitLoans.io, you only pay back if you win your case.
To better illustrate how our process works, let’s consider an example. Suppose you’re involved in a personal injury case, awaiting settlement, but requiring immediate financial support. By following these clear-cut steps, our team at LawsuitLoans.io ensures that you receive your lawsuit loan swiftly and securely, helping bridge your financial gaps.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. Depending on where your case is currently in the legal process, we could provide you with 25% to 50% of your expected portion of the settlement.
If your case is still in progress, we can offer an advance of up to 25% of your expected portion of the settlement. On the other hand, if your case has already been settled, we can offer 50% of your expected portion of the settlement.
Let’s consider an example to illustrate this. Imagine a plaintiff from Peoria involved in a car accident case. This case has an estimated value of $100,000 but will not settle for some time. Typically, medical providers and the attorney receive about a third each of the settlement amount, leaving the plaintiff with around $35,000. In this scenario, LawsuitLoans.io can advance the plaintiff approximately 25% of his/her expected settlement, amounting to $8,250.
Get $500 – $500,000 in as Little as a Single Business Day!
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 business day.
How quickly can I get a pre-settlement lawsuit loan in Peoria?
When facing the ordeal of a lawsuits, financial pressure can build up. Fortunately, pre-settlement lawsuit loans offer a viable solution. But the question persists: How quickly can you get a pre-settlement lawsuit loan in Peoria? Let’s dive into that.
At LawsuitLoans.io, we understand the urgency associated with the need for pre-settlement funding. Therefore, we’ve fine-tuned our process to provide funds as soon as possible. As soon as you submit your application, we jump into action.
We conduct a swift but thorough review of your case. This allows us to make a decision about your lawsuit loan within 24 hours. Yes, you heard it right! Within a day of your application, you could have the necessary funds transferred to you.
For instance, consider a personal injury case where medical bills are amassing and work days are being missed. Once the application for a loan is submitted, it is reviewed on an expedited basis. The complexities of the legal scenario and potential settlement amount are examined promptly. If approved, funds are provided in less than 24 hours, ready for use.
The crucial objective is letting you focus on your legal case without constant pecuniary worries. Our team at LawsuitLoans.io is committed to delivering prompt and efficient pre-settlement lawsuit loan services in Peoria.
Fill out our online application at LawsuitLoans.io funding application or call us at (800) 340-4973 for more information.
Pros and Cons of Pre-Settlement Funding in Peoria, Arizona
Pre-settlement funding offers a variety of benefits to plaintiffs awaiting the resolution of their legal cases. Despite the costs, these advantages often prove vital to many. Let’s take a closer look.
Benefits of Pre-Settlement Funding
- Financial Relief: With a lawsuit loan, you receive immediate access to funds. This means you can use the money to cover living expenses, medical bills, or any other financial obligations in the interim.
- Early Access to Funds: Rather than waiting for your case to finalize, which can sometimes take years, pre-settlement funding gives you the funds you need now, providing peace of mind during an uncertain time.
- Avoiding Early Settlement Pressure: Often, the defendant’s legal team may pressure you into settling for less than your case is worth. By having early access to money through a lawsuit loan, you can resist this kind of pressure and wait for a fair evaluation.
- Non-Recourse Nature: Lawsuit loans are considered non-recourse, which means if you do not win your case, you don’t owe anything back.
Cons of Pre-Settlement Funding
- Higher Interest Rates: Lawsuit loans come with relatively high interest rates compared to standard loans. You need to understand this before signing any agreement.
- Unregulated or Under-regulated Industry: Despite growing acceptance, the pre-settlement funding industry is generally unregulated or under-regulated, leading to potential inconsistencies.
- Need for a Well Developed Case: To get a lawsuit loan, you need to have a solid case with the support of a committed attorney working on contingency. Without these conditions, obtaining pre-settlement funding may be challenging.
In conclusion, pre-settlement funding presents a unique opportunity for plaintiffs in Peoria, Arizona and elsewhere. However, as with any financial decision, it is essential to understand both the positives and negatives to make an informed choice.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Peoria Pre-Settlement Funding FAQs
Many Peoria residents have queries regarding pre-settlement funding options. It’s crucial to grasp essential points to make an informed decision about your lawsuit loans. Here, we aim to answer some commonly asked questions:
How Much Does It Cost To Get A Lawsuit Loan?
Several factors influence the cost of getting a lawsuit loan such as the amount required, the nature of your case, and the company’s rates. It’s best to contact LawsuitLoans.io for a free consultation to understand more about costs.
Do I Qualify For A Lawsuit Loan?
A plaintiff with a pending legal claim can qualify for a lawsuit loan provided the case stands a chance of winning in court. Details of your case will be reviewed by LawsuitLoans.io prior to approval.
If You Have Bad Credit, Can You Get Pre-Settlement Funding in Arizona?
Yes, your credit history does not affect your eligibility for pre-settlement funding. In fact, LawsuitLoans.io does not conduct a credit check. The decision is based on your case merits.
Get Started
Apply today and get funds in as little as 24 hours!
Peoria, AZ Cases we Fund
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Peoria. Read more about the personal injury cases we fund in Peoria here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Peoria here:
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.