Bakersfield, California 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 Bakersfield, California
Lawsuit loans, also known as pre-settlement funding, offer a financial lifeline to plaintiffs awaiting the resolution of their legal cases. If you’ve suffered from an personal injury and lodged a legal claim, you can apply for a lawsuit loan. These are non-recourse advances on your potential legal settlement, which means you only repay the loan if you win your case.
LawsuitLoans.io proudly services all areas of California, extending our financial help to plaintiffs in need. You can learn more on our dedicated California Lawsuit Loans page.
Imagine this scenario: Catherine, a Bakersfield resident, is injured in a car accident due to another driver’s negligence. While her lawyer is confident in her legal case, the wheels of justice turn slowly, and she faces mounting personal expenses in the interim. Catherine turns to LawsuitLoans.io to alleviate this financial pressure via a lawsuit loan.
After applying, we evaluate the strength of her case and provide a loan that matches her expected legal settlement. Now Catherine can focus on her recovery, not financial woes, whilst awaiting her day in 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 California Lawsuit Loan Information
It’s crucial to understand some key facts about lawsuit loans, especially in the context of California. Below is an insightful table showing this information.
|Average loan amount by LawsuitLoans.io in California||$13,562.61|
|Largest loan by LawsuitLoans.io in California||$224,295.00|
|Average semi-annual rate in California||20.4%|
|Median personal injury verdict in California||$114,305.00|
|California statute of limitations||2 Years; California Code of Civil Procedure Section 312|
|California fault laws||California is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.|
|Los Angeles population, 2020||403,455|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Bakersfield
At LawsuitLoans.io, we provide funding for various legal claim types in Bakersfield. The most common case types that we fund encompass a diverse range of personal injury and others legal claims. Let’s overview each case type:
Auto and Other Roadway Accidents
These include instances where an individual gets injured on the road due to another party’s negligence. Cases range from auto, motorcycle, to truck accidents, and accidents involving pedestrians.
These are cases where a person gets injured on someone else’s property. Owners have the legal obligation to keep their property safe. Incidents such as slips, trips, falls, or other harms caused by unsafe property conditions fall under this category.
When healthcare professionals deviate from the accepted standard of care in the medical community, causing injury to the patient, it is termed as medical malpractice. Some examples can be surgical error, wrong medication dose, misdiagnosis, etc.
Labor Law Claims
These claim cases arise when employees’ rights are violated. These could include issues related to wages, working hours, workplace safety, discrimination, harassment, and more.
These are similar to labor law claims. They can range from wrongful termination, employment discrimination, wage and hour disputes, to sexual harassment claims.
Other Personal Injury Claims
Other types of personal injury claims cover a broad spectrum of incidents that result in physical or emotional harm. This can be due to product liability, assault and battery, dog bites, defamation, etc.
You can always contact us at our toll-free number (866) 594-1343 or apply directly through our LawsuitLoans.io funding application if any of the mentioned cases apply to you.
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 Bakersfield?
Understanding if you are eligible for a lawsuit loan is key. There are a few basic criteria that applicants need to meet to be considered for a loan from LawsuitLoans.io. These main eligibility conditions include:
- Having a valid legal claim against an insurance company, a self-insured company, or a large, public entity. The lawsuit can pertain to personal injury or other legal claims.
- Having an attorney who is handling your case. This is crucial as your attorney plays a significant role in your lawsuit loan application process.
- Being at least 18 years old. Lawsuit loans aren’t offered to minors even if they have a valid legal claim.
In a nutshell, meeting these criteria enhances your chances of getting approved for a lawsuit loan. If you meet the above conditions, you’re a step closer to securing a lawsuit loan in Bakersfield.
Apply today and get funds as soon as the same day you apply!
Our Bakersfield Lawsuit Loan Process
At LawsuitLoans.io, we have a clear and straightforward process to help plaintiffs access funds before their legal case resolves. We will run you through five simple steps that guide our operation. These steps are:
- Apply online: The first step to getting your lawsuit loan is to fill out our online application form. You can find the application form on our website.
- We contact your law firm: After receiving your application, we get in touch with your law firm to gather more information about your case.
- We review your case: Our team of professionals takes time to review your case critically. This helps us understand the strength of your claim.
- You sign a contract: If your case meets our criteria, we draw up a contract which you will need to sign. This contract spells out the terms of the loan and repayment schedule.
- You get funds: Once the contract is signed and returned, we disburse the funds to you, providing the financial help you need while your case is ongoing.
To understand how this works with an actual scenario, let’s look at an example. Let’s say John has a personal injury claim but needs funds to cater to his medical bills while waiting for his case settlement. John fills out our application form on LawsuitLoans.io. We then contact John’s law firm to discuss his case further. Upon reviewing John’s case, we determine that he has a good chance of winning his lawsuit. We draw up a contract, which John signs after going through it carefully. Almost immediately after returning the signed contract, John receives the funds he requires.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. The funds that we can provide depend on the expected value of your legal settlement. If your case is still in progress, we can advance up to a maximum of 25% of your anticipated portion of the settlement. For settled cases, we can offer up to 50% of your expected portion of the settlement.
Let’s take an example. Consider a plaintiff in Bakersfield, involved in a car accident case. This case has an estimated value of $100,000 and has not yet been resolved. Under typical circumstances, medical providers get paid around 1/3 of the settlement, the attorney will also get about 1/3, and the plaintiff receives roughly $35,000. In such a scenario, LawsuitLoans.io can potentially provide an advance of about 25% of the plaintiff’s anticipated settlement. This means that the plaintiff could receive as much as $8,250 even before the lawsuit is settled.
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 Bakersfield?
Many people find themselves asking how fast they can receive a pre-settlement lawsuit loan. At LawsuitLoans.io, we work diligently to review your application quickly so that you can receive your funds in a timely manner. In fact, after your application is submitted, our team typically makes a decision within a mere 24 hours.
For example, let’s say Mr. Smith has a personal injury case pending in Bakersfield, and he has submitted his application on Monday at 10 AM. By Tuesday morning, we would have evaluated his situation and determined whether he is eligible for funding. If he is approved, the funds can be made available virtually immediately. We understand that time is critical in these situations and strive to provide fast service.
Every case is unique, so some handling times may vary depending on the specifics of your legal claim. However, with an efficient process in place, LawsuitLoans.io offers one of the fastest turnaround times in the lawsuit advance industry.
Pros and Cons of Pre-Settlement Funding in Bakersfield, California
Pre-settlement funding carries several benefits for those dealing with legal battles. Firstly, it provides financial relief at a time when you might be facing significant expenses. Instead of worrying about how to pay your bills, you can focus on your case.
The second advantage is early access to funds. Waiting for a legal case to resolve can be a lengthy process. Pre-settlement funding allows you to receive money now instead of waiting months or even years for your lawsuit to settle.
Avoiding early settlement pressure is another key benefit. Insurance companies often try to push for quick, lower-value settlements. But with pre-settlement funding, you don’t have to settle for less than your case is worth just to pay your immediate bills.
Lastly, pre-settlement funding is non-recourse in nature, meaning if you lose your case, you owe nothing back to the lending company. This largely reduces the risk on the borrower’s part.
However, there are also disadvantages to pre-settlement funding that should be considered. One drawback is the relatively high interest rates that these loans often carry, which can make them costly in the long run.
Secondly, it’s worth noting that this is an industry that is generally unregulated or under-regulated resulting in potential risks and pitfalls for borrowers. Therefore, it is crucial to thoroughly research and understand the terms before committing to a pre-settlement funding plan.
Finally, to qualify for pre-settlement funding, one needs to have a well developed case with an attorney working on a contingency basis. This might limit some people from accessing lawsuit loans.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Bakersfield Pre-Settlement Funding FAQs
Many of our clients in Bakersfield have several questions regarding lawsuit loan funding. Some of the most frequently asked questions are:
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies based on your specific needs and the risk associated with your case. Our team at LawsuitLoans.io will work with you to determine an estimate tailored to your unique circumstances.
Do I qualify for a lawsuit loan?
The qualification for a lawsuit loan largely depend on the merit of your lawsuit. If you have a strong, viable case, chances are high that you will qualify for a pre-settlement lawsuit loan.
If you have bad credit, can you get pre-settlement funding in California?
Your credit score is not a decisive factor for qualifying for pre-settlement funding in California. At LawsuitLoans.io, we primarily focus on the strength of your case rather than your personal credit history. If your case is solid, even with bad credit, you could still be eligible for a lawsuit loan.
Other Cities we Service in California
LawsuitLoans.io provides funding throughout California. See more about our funding in other key California cities by visiting the pages below:
Apply today and get funds as soon as the same day you apply!