Hollywood, 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 Hollywood, Florida
Lawsuit loans, also known as pre-settlement funding, are a financial lifeline offered to plaintiffs like you who have suffered personal injury and have legal claims underway. These are not regular loans; instead, they are non-recourse advances against your future legal settlement. This means if you don’t win your case, you don’t have to pay us back.
At LawsuitLoans.io, we provide lawsuit loans throughout the sunny state of Florida. If you are looking for more information about lawsuit loans in Florida, kindly visit our main Florida Lawsuit Loans page.
Let’s illustrate this with an example. Meet Lori from Hollywood, Florida. Lori was walking her dog when she was struck by a reckless scooter rider on the sidewalk, resulting in serious personal injury. While her lawsuit is progressing, Lori faces mounting medical bills and living expenses with reduced income due to her inability to work. Normally this would put enormous financial stress on Lori, but that’s where a lawsuit loan provides relief.
After applying and approval, Lori received a cash advance from us against the eventual settlement of her case. This helped her cover her medical expenses and day-to-day living costs without having to worry about paying it back immediately. It was only after her legal case was resolved favorably that Lori repaid the lawsuit loan from her settlement. Thus, receiving a lawsuit loan gave Lori economic security until her personal injury case was conclusively resolved.
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
At LawsuitLoans.io, we’re here to help Floridians secure the lawsuit funds they need while awaiting the resolution of their legal case. Here are some key pieces of information you should know:
|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.|
|Population in Florida, 2020||153,067|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Hollywood
At LawsuitLoans.io, we provide financial support to plaintiffs involved in various types of legal claims. Let’s explore some common case types we fund in Hollywood.
Auto and Other Roadway Accidents
We fund cases centered around auto and other roadway accidents. These cases typically involve injured victims who are seeking compensation due to another party’s negligence on the road.
We also fund premises liability claims. If you’ve been hurt on another person or entity’s property due to their negligence, you could potentially receive pre-settlement funding from us.
Victims of medical malpractice may face huge treatment costs, loss of income, and pain and suffering. LawsuitLoans.io can provide them with financial assistance until their case is resolved.
Labor Law Claims
We back plaintiffs who bring forward labor law claims. These often involve issues like unpaid wages, unjust termination, discrimination, and other workplace-related discrepancies.
LawsuitLoans.io also funds employment claims. These can involve a range of issues including harassment, wrongful termination, or discrimination at work.
Other Personal Injury Claims
Lastly, any other forms of personal injury claims are within our funding scope. Whether it’s due to someone’s negligence or intentional harm, we can provide you with financial support during your litigation process.
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 Hollywood?
If you are dealing with a lawsuit and need financial support, you may be wondering if you qualify for a lawsuit loan. This type of funding can be crucial as it provides you with the necessary resources to get through the long process of legal disputes without worry.
The primary eligibility criteria for a lawsuit loan include:
- Having a valid legal claim against an insurance company, a self-insured company or a large public entity
- You must have an attorney representing your case
- You need to be at least 18 years old
If you meet these basic requirements, you stand a good chance of being eligible for a lawsuit loan. However, each case is unique so your specific circumstances will also determine your eligibility for funding.
Remember, a lawsuit loan from LawsuitLoans.io isn’t just about survival during your litigation – it’s about giving you the resources and peace of mind needed to fight for the justice you deserve.
Apply today and get funds as soon as the same day you apply!
Our Hollywood Lawsuit Loan Process
If you’re pursuing a personal injury or other legal claim, you may find that waiting for your lawsuit to settle puts a strain on your finances. Lawsuit loans can provide a solution, offering immediate funds expected to repay when the case resolves. Here are the essential steps in our process.
- Apply Online: Simply fill out an application on our website or call us at (866) 594-1343. In this initial stage, we’ll need you to provide some basic details about your case and the law firm representing you.
- We Contact Your Law Firm: After you submit your application, we will contact your law firm to get more information about your case. This helps us understand the strength of your claim and its potential value.
- We Review Your Case: Our expert team will then carefully review your case’s details. Based on this review, we decide if we can provide you with a loan and discuss the amount we believe we can offer.
- You Sign a Contract: After agreeing on the lawsuit loan amount, we send a contract for you to sign. This contract includes important details about the terms of your loan.
- You Get Funds: Once you sign and return the contract, we transfer the agreed-upon funds directly into your bank account. This can usually be done within 24 hours of contract signing.
For example, let’s say Jane Doe has filed a personal injury lawsuit, but her savings are depleting while she awaits a settlement. She applies online for a lawsuit loan. We contact her attorneys, review her case, and agree on a lawsuit loan amount of $10,000. After Jane signs the contract, she receives the $10,000 directly into her bank account. Jane doesn’t have to repay the loan until her lawsuit settles.
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.
For example, consider a Hollywood plaintiff in a car accident case with a $100,000 estimated value. The case is still in progress and will not settle for some time. Medical providers typically get about 1/3 of the settlement, the attorney gets another 1/3 of the settlement, and the plaintiff usually receives around $35,000. We can advance around 25% of that amount, which would be $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 Hollywood?
When a legal issue arises, timing is crucial. As a plaintiff, it’s natural to worry about how soon you can secure a pre-settlement lawsuit loan. At LawsuitLoans.io, we understand this concern intimately.
LawsuitLoans.io strives to provide quick service to our clients. After you submit your funding application, our team takes no more than 24 hours to review your case and make a decision. This fast turnaround means that there’s a high chance you will receive your funds relatively quickly once your application has been submitted and approved.
To illustrate, consider the case of John, a resident of Hollywood. John was involved in a personal injury claim, after which he applied for a lawsuit loan. After submitting his application with all the necessary details to LawsuitLoans.io, he received an approval notice within 24 hours. Shortly afterward, John was able to secure the funds he needed while waiting for resolution on his legal case.
This efficiency in processing applications and making decisions helps reduce the financial stress for plaintiffs like John who are dealing with legal issues. With LawsuitLoans.io, rest assured that you could get your pre-settlement lawsuit loan quickly, seamlessly, and without unnecessary delay.
Pros and Cons of Pre-Settlement Funding in Hollywood, Florida
The concept of pre-settlement funding is simple. It provides financial support to plaintiffs who are tied up in personal injury and other legal cases. This service has its pros and cons which are important to weigh before opting for pre-settlement funding.
Benefits of Pre-Settlement Funding
- Financial Relief: Pre-settlement funding offers immediate monetary help. This lessens the burden of everyday bills while awaiting the resolution of legal issues.
- Early Access to Funds: Plaintiffs often wait a long time for their cases to settle. Early access to funds can ease this waiting period.
- Avoiding Early Settlement Pressure: When money is tight, many people feel the need to accept an early settlement. Pre-settlement funding helps avoid this pressure.
- Non-Recourse Nature: Lawsuit loans are non-recourse in nature. This means that if you lose your case, the loan doesn’t have to be paid back.
Costs or Cons of Pre-Settlement Funding
- High Interest Rates: Interest rates for pre-settlement loans can be high. It’s important to understand these costs before accepting a loan.
- Under-Regulated Industry: Pre-settlement lending is a relatively new industry and lacks broad regulation. This could impact borrowers negatively if not careful.
- Need for a Well Developed Case: To receive funding, you must have a strong case with a high chance of winning and an attorney working on a contingency basis.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Hollywood Pre-Settlement Funding FAQs
When seeking pre-settlement funding in Hollywood, you may have several questions. We’ve compiled some of the most frequently asked questions from our clients.
How much does it cost to get a lawsuit loan?
Costs for a lawsuit loan can vary depending on the specifics of your case; every case is unique. Typically, there are no upfront fees, and repayment is contingent on the successful resolution of your case. Visit LawsuitLoans.io or call us at (866) 594-1343 for more information.
Do I qualify for a lawsuit loan?
We examine each application on its own merits. If you have a personal injury or other legal claim, and you have hired a lawyer, then you probably qualify for a lawsuit loan.
If you have bad credit, can you get pre-settlement funding in Florida?
The answer is Yes. At LawsuitLoans.io, your loan is based on your lawsuit, not your credit history. Therefore, bad credit will not prevent you from getting pre-settlement funding. Apply today using our online application at LawsuitLoans.io funding application.
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!