Los Angeles, 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 Los Angeles, California
Lawsuit loans, also known as legal funding or pre-settlement funding, provide financial relief to injured plaintiffs. If you’re a plaintiff with a pending legal case, a lawsuit loan can help keep you financially afloat until your case is resolved. These funds, provided by companies like LawsuitLoans.io, are non-recourse in nature. This means, if you lose your case, you owe nothing in return.
We service all of California at LawsuitLoans.io California. Whether you’re from San Diego, Los Angeles or San Francisco, we’re here to help.
To help further understand, let’s consider a hypothetical scenario. Bradley, a resident of Los Angeles was involved in a car accident. With mounting medical bills and ongoing legal costs, he decided to apply for a lawsuit loan. He filled out our online application available at LawsuitLoans.io funding application and received funds quickly. Until his case settled, these funds eased his financial stress. Remember this is a hypothetical example and actual situations may vary.
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
Understanding lawsuit loans is crucial for making informed decisions. LawsuitLoans.io aims to equip plaintiffs with essential knowledge about services available in California. Below, you can explore an overview of key statistics pertinent to lawsuit loans provided by LawsuitLoans.io and general legal information relevant to the state.
|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||3,898,747|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Los Angeles
LawsuitLoans.io funds various types of cases in Los Angeles. Here are the most common ones we encounter:
Auto and Other Roadway Accidents
Road accidents often result from negligence or violation of traffic rules. Injured parties may file claims to recover damages and our company provides them with the required funding until they win their case.
Premises liability refers to accidents happening on someone else’s property. This could be a slip and fall at a shop, an injury in an amusement park, etc. LawsuitLoans.io supports claimants by providing them with funds during the lengthy legal process.
Errors by healthcare professionals that cause harm to patients fall under medical malpractice. The affected individuals can apply for a lawsuit loan from us while they wait for their case to be resolved.
Labor Law Claims
Workers can seek compensation for injustices done at their workplace under labor law claims. Such claims can take long to resolve and hence, we extend funds to help plaintiffs meet their needs during this period.
Unfair practices at work such as discrimination, harassment or wrongful termination are grounds for employment claims. Until justice is served, LawsuitLoans.io helps affected workers by providing them with necessary funds.
Other Personal Injury Claims
Besides the above, we also fund several other personal injury claims. So, irrespective of the nature of the suit, if you’re waiting for a case resolution and need financial aid, feel free to reach out to us.
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 Los Angeles?
If you’re involved in a legal proceeding in Los Angeles and need financial support, you might wonder about lawsuit loans eligibility. This section will provide an overview of the primary criteria for receiving a lawsuit loan through LawsuitLoans.io.
To be eligible for a lawsuit loan, there are some requirements that you must meet:
- Have a valid legal claim: Your claim must be against an insurance company, self-insured company, or large public entity. Personal injury claims and other legal disputes often meet this requirement.
- Have an attorney: You must have professional legal representation handling your case. Your attorney plays a critical role in this process as they share pertinent information about your claim and help in the loan approval process.
- Be at least 18 years old: Lawsuit loans are only available to adults. If you’re under 18, you’ll need to wait until your birthday to apply for a lawsuit loan.
If you meet these fundamental requirements, you may be eligible to apply for a lawsuit loan with LawsuitLoans.io. Remember that each case is unique and meeting these criteria does not guarantee loan approval. For more details, contact us at our toll free number (866) 594-1343 or simply fill out our funding application located at LawsuitLoans.io funding application page.
Apply today and get funds as soon as the same day you apply!
Our Los Angeles Lawsuit Loan Process
If you’re part of a lawsuit, a personal injury case, or any other legal claim, waiting for your case to resolve can be agonizing. This is particularly true when there are bills to pay and little income to cover them. Our pre-settlement funding service—you may know it as a ‘lawsuit loan’—is designed to help you in these tough times.
The application process is simple. Here’s a basic breakdown of the five steps involved:
- Apply Online: Kick off your application at LawsuitLoans.io funding application page. You’ll have to fill out some basic information about yourself and your case.
- We Contact Your Law Firm: After receiving your online application, our team reaches out to your law firm to collect further information. This is to get a better understanding of your case.
- We Review Your Case: Our underwriters will then review the details of your case carefully. This determines the possible amount you can receive.
- You Sign a Contract: Once approved, we present a contract detailing the terms and conditions. By signing this, you agree to repay the loan if your case wins. Remember, if your case doesn’t win, you don’t owe us anything.
- You Get Funds: With the contract signed, we quickly transfer your funds. Depending on your preference, you can get a check or a wire transfer.
Let’s consider an example. John files a personal injury case and realizes that he needs financial support. He applies for a lawsuit loan with us and fills the application form on our website. We contact John’s law firm, review his case’s details, and find that John qualifies for pre-settlement funding. John signs the contract we send him. The moment the ink dries on the contract, we release the funds. Now, John can comfortably wait for his case to resolve without worrying about his current financial needs.
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 consider an example. Picture a plaintiff in Los Angeles who has been involved in a car accident. The estimated value of the case is $100,000. However, the case is still ongoing and may not reach a settlement for some time. Medical providers will be paid about 1/3 of the settlement, the attorney claims another 1/3, leaving approximately $35,000 for the plaintiff. LawsuitLoans.io can advance around 25% of that amount, equivalent to $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 Los Angeles?
If you’re waiting on a personal injury or other legal claim in Los Angeles, you may be wondering how quickly you can receive a pre-settlement loan. The good news is, with LawsuitLoans.io, the process can be surprisingly swift.
Once you’ve submitted your application, we immediately begin reviewing your case. Our team prides itself on our speed and efficiency, allowing us to make a decision within 24 hours of your loan request. That’s right! Within just one day, you could know exactly where you stand in relation to your pre-settlement loan.
Let’s look at an example to illustrate this point. Let’s say you was in a car accident and you file a lawsuit seeking compensation for your injuries. While waiting for the lawsuit to resolve, you applied for a pre-settlement loan at LawsuitLoans.io. After submitting your application, all evidence associated with your case is evaluated by us. Generally, by the time the next day rolls around, you will have our decision.
This swift response time enables plaintiffs to gain peace of mind and concentrate on what truly matters – their healing and courtroom victory. So, if you’re in need of immediate financial aid while waiting for your lawsuit to resolve, don’t hesitate to reach out to Lawsuit Loans or call us on our toll free number (866) 594-1343. You can also directly apply for the funding through our online application.
Pros and Cons of Pre-Settlement Funding in Los Angeles, California
Accessing pre-settlement funding in Los Angeles, California can help plaintiffs manage their finances as they await the resolution of their legal cases. There are however pros and cons that come with this type of funding.
Benefits of Pre-Settlement Funding
The benefits of pre-settlement funding are quite straightforward. To begin with, it provides financial relief in the face of mounting bills and living expenses. Secondly, it allows for early access to funds which would potentially take months or even years to obtain through the resolution of a legal case. Furthermore, it fights against pressure to settle the case early just due to financial constraints. It is also important to note the non-recourse nature of lawsuit loans, meaning you won’t have to pay back the loan should you lose your legal case.
Drawbacks of Pre-Settlement Funding
On the other hand, pre-settlement funding also has its share of downsides. The most obvious one is the relatively high interest rates. This can cause a significant portion of the settlement to be consumed by loan repayment. In addition, the industry is generally unregulated or under-regulated which opens up room for potential exploitation. Lastly, before consideration for pre-settlement funding, one needs to have a well developed legal case with an attorney working on a contingency basis, which may not be an easy requirement for everyone to fulfill.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Los Angeles Pre-Settlement Funding FAQs
In this section, we will address the common questions Los Angeles residents have about pre-settlement funding.
How much does it cost to get a lawsuit loan?
The cost to get a lawsuit loan can vary depending on the details of your case. The funding company will review your case and offer a funding amount. It’s important to know that LawsuitLoans.io provides affordable rates and there are no hidden fees.
Do I qualify for a lawsuit loan?
Qualifying for a lawsuit loan depends on the nature of your legal case. If you have a personal injury or other legal claim and a lawyer representing you, you might qualify. Simply fill out our funding application to find out.
If you have bad credit, can you get pre-settlement funding in California?
Yes, your credit score won’t affect your ability to qualify for pre-settlement funding from LawsuitLoans.io. Our main concern is the strength of your case, not your credit history.
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!