Fort Lauderdale, Florida 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 Fort Lauderdale, Florida
If you have been injured and are currently pursuing a legal claim, a lawsuit loan might be the financial solution you need. But what exactly is a lawsuit loan?
In simple terms, a lawsuit loan is a non-recourse advance on your future legal settlement. That means you receive funds now, and in return, agree to pay back the loan amount plus fees if and only if you win your case. If you do not win or settle your claim, you owe nothing. This protection makes lawsuit loans a relatively low risk option for plaintiffs who need financial support.
At LawsuitLoans.io, we understand that financial pressures can mount while waiting for your case to resolve. We fund claims throughout Florida, including Fort Lauderdale. To learn more about the services we offer in your state, visit our Florida Lawsuit Loans page.
Let’s consider a hypothetical scenario. Meet Albert, a resident of Fort Lauderdale, Florida. Albert was seriously injured in a car accident that was not his fault and has an ongoing personal injury case. He is unable to work due to his injuries and financial stress is piling up. Albert decides to apply for a lawsuit loan through LawsuitLoans.io using our online application.
Once approved, Albert gets the funds he needs to take care of his expenses while his case is still ongoing. If he wins his case, the loan will be paid back from his settlement funds. If not, Albert owes us nothing. This feature gives Albert peace of mind while his case is being resolved.
Lawsuit loans offer a financial lifeline for plaintiffs like Albert who are waiting for their case to resolve. If you have a legal claim and need access to funding now, consider the benefits of a lawsuit loan.
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 Florida Lawsuit Loan Information
Before you apply for a lawsuit loan in Florida, it’s vital to be in possession of key facts. Understanding the average loan amounts, semi-annual rates, and specific state laws will help guide your decision. Below is a table containing this critical information.
|Average loan amount by LawsuitLoans.io in Florida||$13,207.54|
|Largest loan by LawsuitLoans.io in Florida||$202,214.00|
|Average semi-annual rate in Florida||20.7%|
|Median personal injury verdict in Florida||$31,000.00|
|Florida statute of limitations||2 Years; Florida Statutes Section 95.11(4)(b)|
|Florida fault laws||Florida is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident.|
|Miami population, 2020||182,760|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Fort Lauderdale
At LawsuitLoans.io, we provide financial assistance for various types of legal cases. Our mission is to help individuals in Fort Lauderdale who are enduring a tough time because of an ongoing lawsuit. Here are some common case types that we fund:
Auto and Other Roadway Accidents
Road accidents include car, motorcycle, truck, and pedestrian accidents. These unfortunate events can cause severe injury or even death. As you recover physically and emotionally, we provide the necessary funds to support your life and lawsuit.
Premises liability pertains to accidents that happen on someone else’s property due to their negligence. This includes slip-and-fall incidents, inadequate maintenance accidents, and more. We offer funding to victims while they pursue justice.
Medical malpractice occurs when a health care provider fails to meet the standard of care, resulting in patient harm. This includes errors in diagnosis, treatment, aftercare, or health management. We offer financial help to those waiting for their medical malpractice case to resolve.
Labor Law Claims
We also fund cases related to labor laws. These cases often involve employee rights and workplace safety. Violations may include wage theft, discrimination, workplace harassment, and unsafe work conditions.
Workplace disputes, such as wrongful termination, wage disputes, or violation of employment rights, often take a long time to settle. We provide financial support to those involved in such claims, helping cover living expenses as well as the cost of legal representation.
Other Personal Injury Claims
In addition to the above, we finance a variety of personal injury claims. Whether you’re involved in a product liability case, dog bites, assault, or other accidents resulting in personal injury, we are dedicated to providing the financial assistance you need to fight your case.
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 Fort Lauderdale?
To be eligible for a lawsuit loan in Fort Lauderdale, there are several criteria you must meet. Primarily, you should have a valid legal claim against an insurance company, a self-insured company, or a large public entity. Having an attorney to represent your case is also a significant requirement. Last but not least, you must be at least 18 years old. Please check more details on the LawsuitLoans.io or feel free to call their toll-free phone number (866) 594-1343. You can also start your application process by clicking here: LawsuitLoans.io funding application.
Apply today and get funds as soon as the same day you apply!
Our Fort Lauderdale Lawsuit Loan Process
At LawsuitLoans.io, our process for getting a lawsuit loan is straightforward and easy to understand. By moving through five simple steps, plaintiffs can quickly gain access to the funds they need while their legal case is being resolved. This funding can bring financial stability during a stressful and uncertain time.
Here are the five main steps that a plaintiff needs to follow:
- Apply online using our simple funding application found at LawsuitLoans.io funding application
- We make contact with your law firm to gather additional information about your case
- Our experienced team reviews your case in depth
- If approved, you sign a contract agreeing to the terms of the loan
- You receive the funds you need, which can be spent at your discretion
To illustrate this process, let’s consider an example. Jane, a resident of Fort Lauderdale, is involved in a personal injury case. While she fights for compensation, her bills are piling up. She applies for a lawsuit loan from our company, LawsuitLoans.io, through our online application. Our team then contacts Jane’s law firm to obtain detailed information about her case. After thorough evaluation, we determine Jane’s case has merit and approve her for a loan. With the contract signed, Jane receives her funds shortly. She uses these funds to pay her medical and living costs, effectively easing her financial stress.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. When your case is still in progress, we can advance up to a maximum of 25% of your expected portion of the settlement. If your case is settled, we can offer 50% of your expected portion of the settlement.
To give you an example, let’s consider a plaintiff from Fort Lauderdale involved in a car accident case. The estimated value of this case is $100,000 and it’s not expected to settle for some time. Typically, medical providers would receive around 1/3 of the settlement, and the attorney would receive another 1/3. This leaves the plaintiff with approximately $35,000. In this situation, LawsuitLoans.io could advance around 25% of the plaintiff’s amount or $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 Fort Lauderdale?
When it comes to legal settlements, time is of the essence. At LawsuitLoans.io, we understand this urgency. That’s why we ensure the process of applying for a lawsuit loan is quick and hassle-free for plaintiffs.
Once you submit your application via our online platform, we start the review process. Our team of experts carefully evaluates your case to make a decision. A great advantage of LawsuitLoans.io is that you don’t have to wait for days on end for the result. We aim to deliver our verdict within 24 hours of your application submission.
Let’s illustrate this with an example. Imagine that you’ve had an unfortunate vehicle incident in Fort Lauderdale, and you’re awaiting a court ruling. After submitting your application today, you could have a cash advance from LawsuitLoans.io by this time tomorrow. This quick turnaround can be a lifeline, providing financial relief when you need it the most.
At LawsuitLoans.io, we believe you shouldn’t have to struggle with financial stress while also dealing with a legal case. Get in touch with us at our toll-free number, (866) 594-1343, to start your application process today.
Pros and Cons of Pre-Settlement Funding in Fort Lauderdale, Florida
Pre-settlement funding offers several benefits to plaintiffs involved in legal cases. One of the top advantages is financial relief. It provides funds during the waiting period until the case resolves. This aid helps you manage your bills and maintain your daily necessities.
You also gain early access to funds, which can prove crucial especially in situations with a drawn-out legal process. More importantly, it helps avoid early settlement pressure. Plaintiffs can wait for a fair resolution without worrying about immediate monetary constraints.
Another distinct advantage of lawsuit loans is their non-recourse nature. Meaning, if you lose your case, you’re not obligated to repay the loan. In essence, the risk is carried by the lender, not the borrower.
However, there are some downsides associated with pre-settlement funding. The most noticeable concern is the high interest rates. Compared to traditional loans, lawsuit loans do come with relatively higher costs.
Moreover, this industry is often considered unregulated or under-regulated. Simple rules or standard procedures that govern other types of loans may not apply here. It’s essential to proceed with caution and comprehensive understanding.
Finally, to qualify for a lawsuit loan, you need a well-developed case. Additionally, you’re generally required to have an attorney who agrees to work on a contingency basis. This means that the lawyer only gets paid if you win or settle your case.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Fort Lauderdale Pre-Settlement Funding FAQs
For Fort Lauderdale residents who are in the midst of a legal battle, they may have some common questions regarding pre-settlement funding. Here we answer some of those frequently asked questions (FAQs):
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan is often based on the specifics of your case and is generally recovered upon the settlement of your lawsuit. For more detailed information about costs associated with a lawsuit loan, you can get in touch with the team at LawsuitLoans.io or call our toll-free phone number (866) 594-1343.
Do I qualify for a lawsuit loan?
Qualifying for a lawsuit loan is primarily based on the details and potential outcome of your pending legal claim, not your personal credit or employment history. It’s best to consult with a professional at LawsuitLoans.io to determine whether you qualify. You can do this either by visiting our funding application webpage or by calling us at (866) 594-1343.
If you have bad credit, can you get pre-settlement funding in Florida?
Yes. At LawsuitLoans.io we understand that many people have less-than-perfect credit, especially when dealing with prolonged lawsuits. Therefore, our funding approval process is based on the merits of your legal claim and not on your credit score. Rest assured, having bad credit will not prevent you from receiving the funding assistance you need.
Other Cities we Service in Florida
LawsuitLoans.io provides funding throughout Florida. See more about our funding in other key Florida cities by visiting the pages below:
Apply today and get funds as soon as the same day you apply!