Miami, 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 Miami, Florida?
Lawsuit loans, sometimes also referred to as pre-settlement funding or lawsuit advances, are a financial aid solution for individuals awaiting the outcome of their legal case. These are specialized, non-recourse advances which provide funds to plaintiffs strong>based on their potential legal settlement.
An injured plaintiff can secure a lawsuit loan to assist with their financial needs while their legal case is ongoing. One key point to note here is that these loans are non-recourse, meaning if the plaintiff does not win their case, they are under no obligation to repay.
Our services reach out to clients all across Florida. For more specialized service in the state, you can visit our main Florida Lawsuit Loans page.
Let’s consider a hypothetical scenario. Our plaintiff is Christopher, who resides in Miami, Florida. Christopher was unfortunate enough to be involved in a car accident and suffered injuries as a result. Being unable to work due to his injuries, he turns to LawsuitLoans.io to help him bridge his expenses until his case settles. By successfully applying for a lawsuit loan, Christopher can focus on his recovery without having to worry about pending bills or living costs.
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
Lawsuit loans in Florida provide financial help to plaintiffs while they wait for their case result. The following is a brief summary of key data points regarding lawsuit loans in Florida provided by LawsuitLoans.io:
|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||442,241|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Miami
Our primary goal at LawsuitLoans.io is to help plaintiffs who are awaiting the resolution of their legal cases by providing them with necessary funding. We fund many different types of cases, particularly in the Miami area. Here are some common cases that we typically fund:
Auto and Other Roadway Accidents
We provide pre-settlement funds for cases related to auto and other roadway accidents. This can include collisions involving cars, trucks, motorcycles, pedestrians, and bicycles. These cases often involve claims for personal injury and property damage.
When an injury happens on someone else’s property due to their negligence, it falls under premises liability. We fund these cases which can range from slip and fall accidents to more serious issues like lack of security leading to harm.
Medical malpractice cases are those where a healthcare provider does not meet the standard of care, resulting in harm to the patient. Our company understands the complexity of these cases and provides the necessary funds for victims to pursue justice.
Labor Law Claims
War violations of labor laws, such as unpaid overtime, wage theft, and unsafe work conditions, can lead to legal cases. We fund these claims to ensure workers’ rights are upheld.
These claims often relate to problems in the workplace, such as harassment, discrimination, wrongful termination and more. We aim to support individuals pursuing such cases with our funding services.
Other Personal Injury Claims
Beyond the ones mentioned above, we also fund a variety of other personal injury claims. Any instance where an individual has suffered harm due to someone else’s negligence could potentially qualify for our services.
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 Miami?
Eligibility for lawsuit loans at LawsuitLoans.io is fairly straightforward. You don’t have to jump through unnecessary hoops or submit countless documents. Only three key criteria exist for eligibility. Here’s what they look like:
- Having a Valid Legal Claim: You need to have a valid legal claim against an insurance company, self-insured company, or large public entity. This is the foundation of your eligibility. Without a strong case, attaining a loan might prove difficult.
- Having an Attorney: Another critical requirement is having a legally approved attorney representing your case. Our funding process is tied closely with your attorney’s assessment of your case.
- Being Over 18 Years Old: The law requires that all financial transactions involve individuals who are 18 years and older. Therefore, you must be at least 18 years old to be considered eligible for our lawsuit loans.
LawsuitLoans.io is committed to ensuring an easy and seamless application process. For more information or help with the application procedure, you can contact us via our website at LawsuitLoans.io, or call our toll-free phone number at (866) 594-1343. Alternatively, initiate your application process directly by clicking this link: LawsuitLoans.io funding application.
Apply today and get funds as soon as the same day you apply!
Our Miami Lawsuit Loan Process
At LawsuitLoans.io, we’ve created a straightforward and efficient process for obtaining your Miami lawsuit loans. Here’s an overview of the five main steps that you as a plaintiff will go through to get funds:
- Apply online: First, you fill out a simple application form on our website.
- We contact your law firm: After receiving your application, we get in touch with your law firm to verify necessary details.
- We review your case: Our team carries out a thorough examination of your case to determine the likelihood of a positive outcome. This review does not affect your credit score or require any cash upfront.
- You sign a contract: If your case is approved for funding, we’ll prepare a contract. You and your attorney will have the opportunity to review this contract in detail before you sign.
- You get funds: Once the contract is signed, you can expect to receive your funds quickly and directly.
Now, let’s put this process into perspective with a real-life example. Let’s say John Doe has a personal injury claim in Miami. He needs money to cover living and medical expenses while waiting for his legal case to resolve. John applies for a lawsuit loan at LawsuitLoans.io. We reach out to his attorney to confirm the details of his case. After reviewing his case and determining it is likely to win, we set up a contract. John signs it after reviewing with his attorney. Lastly, we transfer the agreed-upon funds directly to John. This real-world scenario illustrates how simple and fast the whole procedure can be from start to finish.
How Much Money Can I Get From my Lawsuit Loan?
If you have a lawsuit case and are in need of immediate funds, LawsuitLoans.io can help. Our lawsuit loans range from $500 to more than $1,000,000. The amount we can advance to you depends on the anticipated settlement of your ongoing or concluded case.
For ongoing cases, we can offer up to 25% of what you expect to get from the settlement. In contrast, if your case is settled, we can offer up to 50% of your expected portion.
Take for example, a plaintiff from Miami who is involved in a car accident case. The estimated value of his case is $100,000. He would not be able to settle for some time due to various legal procedures. From his settlement, medical providers would receive around 1/3 of the sum, and his attorney would also get another 1/3. This leaves him with approximately $35,000.
In such a situation, LawsuitLoans.io could provide an advance of 25% of his share, which amounts to around $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 Miami?
If you’re a plaintiff awaiting resolution of your personal injury or other legal case, you might be facing financial hardship. Fortunately, pre-settlement funding options like LawsuitLoans.io exist to help bridge this gap. The question is, how quickly can you get this assistance?
At LawsuitLoans.io, we work fast. Once you submit the application, we start reviewing your case right away. We understand that you need support quickly. That’s why we aim to offer a decision within 24 hours of receiving your application.
What does this look like in practice? Here’s an example: Let’s say you submit your application on a Monday at 10am. We receive your application and immediately begin the review process. By Tuesday morning, you should typically have our decision. If we’re able to approve your case for a loan, you could potentially have funds in hand as soon as that same day!
Fast doesn’t mean rushed, however. We evaluate each case carefully, doing our best to ensure everyone gets the financial aid they need as quickly as possible.
Pros and Cons of Pre-Settlement Funding in Miami, Florida
Getting a pre-settlement loan can be a strong source of support when you’re caught up in a lengthy legal case. These loans offer finance relief, allowing you to cover urgent bills while waiting for your case to resolve. They provide early access to funds which could take months, even years, to receive otherwise. Additionally, the non-recourse nature of lawsuit loans means you only pay back if you win your case, hence reducing the risk.
Pre-settlement funding also helps you avoid the pressure of settling your case early due to financial stress. With sufficient finances, you can fight your case till the end without worrying about everyday bills.
However, one must be aware of the potential drawbacks. You could be subject to relatively high interest rates. The lawsuit loan industry, being generally lesser regulated or under-regulated presents another concern. Finally, in order to qualify for a pre-settlement loan, your case needs to be well developed and you should have an attorney working on a contingency basis.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Miami Pre-Settlement Funding FAQs
We are going to answer some commonly asked questions about pre-settlement funding in Miami. We’ll cover important topics such as costs, qualifications, and the impact of bad credit.
How much does it cost to get a lawsuit loan?
The cost of getting a lawsuit loan varies. It depends on the details of your case and the amount of money you need. For a detailed estimate, we recommend contacting LawsuitLoans.io at (866) 594-1343 or complete the LawsuitLoans.io funding application.
Do I qualify for a lawsuit loan?
Qualifying for a lawsuit loan mainly depends on the strength of your legal case. If you have a strong case that is likely to result in a favorable settlement or verdict, chances are high that you will qualify for a loan.
If you have bad credit, can you get pre-settlement funding in Florida?
Yes. Your credit history is not a determining factor in your eligibility for pre-settlement funding. At LawsuitLoans.io, we focus on the merit of your lawsuit, not your credit score. Therefore, even if you have bad credit, you can still apply for pre-settlement funding.
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!