Phoenix, 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 Phoenix, Arizona
A lawsuit loan is a type of pre-settlement funding which provides plaintiffs with an advance on their future legal settlement. As a plaintiff, this can be a critical resource if you are awaiting resolution of your personal injury or any other legal claim.
This type of loan is non-recourse, meaning, the payback hinges on the outcome of your case. If you win or settle, the loan is paid back from the proceeds. If you do not win, you owe nothing back.
At LawsuitLoans.io, we provide funding for claims throughout Arizona. If you wish to learn more, visit our main Arizona Lawsuit Loans page.
Consider for example, a plaintiff named George who lives in Phoenix, Arizona. George was injured in a car accident and his case is still underway. With mounting bills and the inability to work due to the injury, he needs financial help. He applies for a lawsuit loan through the easy application process on LawsuitLoans.io. Once approved, he receives the funds needed to cover his living expenses until his case settles.
Lawsuit loans like this can offer a financial lifeline to plaintiffs in need while they await their legal justice.
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
If you’re a plaintiff in Arizona awaiting the outcome of a personal injury or other legal claim, obtaining a lawsuit loan from LawsuitLoans.io can provide a lifeline. These types of loans allow you to receive funds during the pendency of your case. To give you some context, we have provided some data related to our lawsuit loans and state-specific legal stats 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 | 1,608,139 |
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Common Case Types We Fund in Phoenix
At LawsuitLoans.io, we support many types of legal claims. Below is a brief description of the most common case types we fund in Phoenix:
- Auto and Other Roadway Accidents: These encompass incidents that occur on roads or highways. They can include car, truck, motorcycle, or pedestrian accidents where personal injury is involved.
- Premises Liability: These relate to injuries that occur on another person’s property due to unsafe conditions. Examples could be slipping on ice, trip and fall cases, or swimming pool accidents.
- Medical Malpractice: These involve a healthcare provider’s failure to meet a standard of care, leading to patient injury. It could pertain to surgical errors, incorrect diagnosis, or inadequate treatment.
- Labor Law Claims: Here, workers assert their rights against unlawful employer practices such as wage theft, discrimination, unsafe working conditions, or wrongful termination.
- Employment Claims: These involve alleged violation of employment laws. Common scenarios include unpaid wages, discrimination, sexual harassment, or wrongful termination.
- Other Personal Injury Claims: These encompass various situations where a person sustains an injury due to the negligence or intentional act of another party. It could involve animal bites, assault & battery, product liability, or maritime accidents.
We understand that the path to justice can be long and demanding. LawsuitLoans.io is here to help. Consult our website for more details about our funding services.
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 Phoenix?
Are you a Phoenix resident and wondering whether you qualify for a lawsuit loan? Here, we have outlined the basic eligibility criteria for you to know. First and foremost, you must have a legitimate legal claim against an insurance company, a self-insured entity, or a large public organization. It’s necessary that you’re actively involved in a legal case against one of these entities to be considered for a lawsuit loan.
Secondly, to qualify, you must be represented by an attorney. This is important because your attorney helps provide all the necessary documentation and evidence needed in the case. LawsuitLoans.io works directly with your attorney to assess your case and determine the amount of funds you may qualify for.
Last but not least, note that you should be 18 years old or older to apply for a lawsuit loan. This requirement is quite uniform, as it’s the legal age of consent in most states, including Arizona.
Get Started
Apply today and get funds in as little as 24 hours!
Our Phoenix Lawsuit Loan Process
We designed our Phoenix Lawsuit Loan Process to be as clear and easy as possible. Our goal is to get the funds to plaintiffs quickly and with as little hassle as possible. Here’s a quick breakdown of how it works:
- Apply online: Our process begins when you submit your application on our website: LawsuitLoans.io funding application.
- We contact your law firm: After receiving your application, we reach out to your law firm for more details about your case.
- We review your case: Our team of specialists thoroughly examine all provided details to assess the strength of your case.
- You sign a contract: If your case qualifies, we send you a contract to sign authorizing the lawsuit loan.
- You get funds: As soon as you return the signed contract, we transfer the funds directly to your account.
Let’s illustrate this process using a tangible example. Suppose Mr. Smith is a plaintiff in a personal injury case. He visits LawsuitLoans.io and fills out the application for a lawsuit loan. Our team contacts his law firm, reviews the strength of Mr. Smith’s case, and decides he qualifies for a loan. We then send him a contract, which he signs and returns to us. Immediately after returning the contract, we transfer the lawsuit loan directly into Mr. Smith’s account. That’s how simple our Phoenix Lawsuit Loan Process is.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s look at an example: Suppose a Phoenix plaintiff has a car accident case with an estimated value of $100,000. The case is still in progress and will not settle for some time. Typically, the medical providers would receive about 1/3 of the settlement, the attorney would receive another 1/3, and the plaintiff would receive around $35,000. In this scenario, we could advance around 25% of that $35,000, which would amount to approximately $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 Phoenix?
If you’re involved in a legal case and you need financial assistance, getting a loan from LawsuitLoans.io could be a viable solution. One of the main questions concern is how quickly you can get funds. We understand the urgency and commit to a quick, efficient process.
Once your application is submitted to LawsuitLoans.io, our team of experts immediately gets to work. Our goal is to review your case and make a decision within 24 hours. This means that you could potentially receive your funds immediately after approval.
Consider this scenario: You’re a plaintiff in a personal injury case. You’ve submitted all required documents to LawsuitLoans.io through our online application. By the next day, you may have the funds you need to pay your bills, living expenses, or even legal costs.
The speed at which you can access your pre-settlement loan depends greatly on the completeness and accuracy of the information and documents you provide during the application process. Ensure you provide all necessary documents and information promptly to expedite the process.
Pros and Cons of Pre-Settlement Funding in Phoenix, Arizona
There are several benefits and costs to consider when thinking about pre-settlement funding. On the plus side, these types of loans can offer financial relief and early access to funds. This can be especially helpful if your case is taking a long time to settle and you need money to cover bills and other expenses.
Pre-settlement funding can also relieve some of the pressure to settle early. With a loan, you may not feel as rushed to accept an offer that’s lower than what your case is worth. Plus, lawsuit loans are non-recourse in nature. This means that if you lose your case, you generally don’t have to pay back the funds you received.
However, there are also downsides to pre-settlement funding. Interest rates can be relatively high compared to other types of loans. The industry is also often unregulated or under-regulated, which means you have to be careful about who you borrow from.
Finally, for you to qualify for a loan, your case has to be well developed and your attorney needs to be working on a contingency basis. This means that your attorney won’t get paid unless you win your case. While this can make attorneys more motivated to help you win, it also limits the number of cases they can take on. So if you don’t have a strong case or a contingency-based attorney, you may find it difficult to secure a lawsuit loan.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Phoenix Pre-Settlement Funding FAQs
In this section, we will answer some of the frequently asked questions (FAQs) about pre-settlement funding in Phoenix, Arizona.
How much does it cost to get a lawsuit loan?
The cost of receiving a lawsuit loan can vary. It primarily depends on specifics of your case and the terms of the loan. Details like the amount you request, how strong your case is, and the expected time until settlement can affect the cost. For more accurate information, contact LawsuitLoans.io directly.
Do I qualify for a lawsuit loan?
Qualification for a lawsuit loan is generally determined by the strength of your case. If you are a plaintiff in a personal injury or other legal case waiting for your resolution, you stand a good chance of qualifying. Ensure to provide complete and accurate details about your case when applying.
If you have bad credit, can you get pre-settlement funding in Arizona?
Yes, bad credit does not typically hinder your eligibility for lawsuit funding. This is because the assessment is based more on the merits of your case than on your personal financial history. Remember, our primary consideration is whether your case will likely succeed or not.
Get Started
Apply today and get funds in as little as 24 hours!
Phoenix, AZ Cases we Fund
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Phoenix. Read more about the personal injury cases we fund in Phoenix 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 Phoenix 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.