Georgia Lawsuit Loans

What is a lawsuit loan?

A lawsuit loan is a method allowing a plaintiff to access a percentage of the settlement value of a lawsuit pending in the court system in Georgia without waiting for a settlement or judgment in the case. The legal funding company advances the funds with the understanding that its only source for repayment is the settlement or judgment in the lawsuit. In exchange for making the loan, the funding company charges interest for the time from when you receive the money until it is repaid.

Comparing funding companies is the best way to ensure that you get the lowest interest rate. As you look at what different companies offer, you will notice the names used to identify the product they offer varies from company to company. Some of the common names used in addition to lawsuit loans or lawsuit funding include:

• Pre-settlement lawsuit loans
• Pre-settlement funding
• Legal funding
• Lawsuit cash advance

Regardless of the name a company uses to identify lawsuit lending, make certain that repayment of the money advanced to you plus interest must not be due until the lawsuit is settled.

Unlike traditional loans offered by banks, finance companies and credit unions, legal funding lenders do not require a credit check and employment verification. Underwriting for a lawsuit loan focuses on the strength and value of the personal injury lawsuit or other type of case that is pending and not on the ability of the borrower to repay the debt.

Another significant difference is that lawsuit loans do not add to your monthly debt payments. The cash advance plus interest are repaid only when there is a settlement reached in your lawsuit. If the case does not end in your favor, you keep the money and owe nothing to the pre-settlement funding company. The reason is because the money you receive is a non-recourse loan, which means that you are not responsible for paying it back.

Here’s how the Georgia lawsuit loan process works

The Georgia lawsuit funding process at LawsuitLoans.io is very simple and easy to understand. It begins when you complete the online application that asks you for the following information:

• Your name and contact information, including your email address
• The name and contact information of the law firm or attorney representing you in the lawsuit
• A brief description of the type of claim the attorney is handling for you

Once it receives your application, the underwriting team contacts your lawyer to obtain more details about the case. Underwriters then evaluate what was learned about the case to determine if it is likely to result in a settlement favorable to you and the estimated amount of the future settlement.

If it finds that your case is eligible for lawsuit funding, LawsuitLoans.io sends a legal funding contract to you and your personal injury lawyer. Review it with your lawyer to make certain that it contains terms, including the interest rate, that you understand and accept. Both you and your lawyer must sign the agreement and return it to receive your lawsuit cash advance.

Why should I choose LawsuitLoans.io for my Georgia lawsuit loan?

If you make your home in Athens, Macon, Atlanta, Savannah, or other cities in the state of Georgia, LawsuitLoans.io is there to help when medical bills and other financial obligations have you overwhelmed and in need of a pre-settlement cash advance. You have many options available to you, but only LawsuitLoans.io stands out with features that include:

• Low interest rates: LawsuitLoans.io keeps the cost of a lawsuit loan low by offering cash advances at rates as low as 2.5% simple monthly interest that is not compounded. Compounded interest, which other legal funding companies charge, increases the cost of the money advanced to you.
• No hidden fees: LawsuitLoans.io lets you know upfront what it will cost to borrow against the settlement of your lawsuit by disclosing in writing the interest rate. It does not charge other fees as some other funding companies do.
• Quick approval and funding: The entire process from when you apply to approval and funding generally takes as little as 24 hours.
• Approvals after other companies refuse: Don’t let a refusal from another company stop you from applying to LawsuitLoans.io. We do an independent evaluation of your case and approve loans after other companies refuse.

LawsuitLoans.io can put money in your hands as fast as the same day that you accept the offer for legal funding.

Am I eligible for a lawsuit loan in Georgia?

If you have a lawsuit pending in a court in Georgia to recover compensation for a personal injury claim or other type of case where the relief sought is money damages under Georgia law, it may be eligible for a cash advance through a lawsuit loan. The claim must meet the following requirements to be eligible:

• You must be represented by an attorney retained under a contingency-fee agreement. That means the attorney gets paid from the judgment or settlement in the case.
• Your attorney must have filed a lawsuit that seeks to recover money damages for injuries or other harm done to you by someone else.
• The person being sued has liability insurance providing coverage to pay the claim.
• Your lawyer has evidence to prove that you suffered damages caused by the conduct of the person that you are suing.

If you have an otherwise eligible claim pending in courts in New York, Oklahoma, or any state other than Georgia, LawsuitLoans.io can still help you. Contact them to learn more.

How much money can I get from my Georgia lawsuit loan?

As a general rule, most companies offering pre-settlement funding limit advances to 10% of the value of the net settlement of your case. At LawsuitLoans.io, you can receive as much as 25% for cases that have not reached a settlement and 50% of the net settlement if the law firm handling your claim has negotiated a settlement with the insurance company for the defendant.

After a settlement is reached in your case, the legal fees owed to your attorney must be paid from it along with liens placed on the settlement by doctors, hospitals, and other medical providers. If you received workers’ compensation benefits for injuries related to your work, some or all of the benefits may have to be repaid to the workers’ compensation insurance carrier.

What remains of the settlement after the liens and legal fees are paid is the net settlement that would go to you. However, the cash advance and interest owed to the Georgia pre-settlement funding company must be paid before the balance of the net settlement is paid to you.

How can I use my lawsuit loan money in Georgia?

When you get pre-settlement funding, the money is yours to do with as you wish. Plaintiffs typically use it to pay their household and daily living expenses while out of work. Other uses for the money include:

• Repairs to a vehicle damaged in an accident
• Buy a new or used car
• Pay tuition and school expenses
• Pay medical expenses
• Repair of your home

You can even put the money in the bank and save it for later use if you wish.

Cases we fund in Georgia

LawsuitLoans.io funds different types of lawsuits, including:

• Personal injury cases, including auto accidents, premises liability, and wrongful death
• Medical malpractice
• Workplace injuries, including Federal Employers’ Liability Act claims
• Employment cases, including wrongful termination
• Mass tort claims

Find out if your lawsuit is eligible for funding by contacting LawsuitLoans.io.

Benefits of Legal Loans in Georgia

When cash is tight, legal loans let you access a portion of the future settlement of a pending lawsuit. Benefits of legal funding include:

• Financial support in the form of a cash advance within hours or days of applying for it.
• You can be approved even when you are out of work.
• No additional monthly payment.
• No credit check.

Use the money to relieve yourself of financial pressure that insurance company adjusters can use to force you into taking less than a fair settlement as compensation for the bodily injuries and harm that you suffered.

Get the money you deserve with Georgia lawsuit loans

Get the money and the peace of mind needed to stand up to the tactics used by insurance companies to delay settlements and force you to take less than what you deserve. Contact LawsuitLoans.io to learn more about the peace of mind that can be yours with a legal funding cash advance.

Georgia pre-settlement funding FAQs

Learn more about pre-settlement lawsuit loans in Georgia from the questions plaintiffs frequently ask.

How much does pre-settlement funding cost?

Your cost will depend on the interest rate and how long it takes for the lawsuit to be settled and the loan repaid. LawsuitLoans.io has some of the lowest rates in the industry with rates as low as 2.5% simple monthly interest.

How much can you borrow with a Georgia pre-settlement loan?

LawsuitLoans.io offers up to 25% of the net value of a future settlement. If a settlement is pending, you can borrow up to 50% of its net value.

How do Georgia pre-settlement loans work?

Apply online at LawsuitLoans.io to start the process. The information that you and your lawyer provide is evaluated to determine the strength of the case and its potential settlement value. If the loan is approved for funding, the money can be in your hands as soon as you and your lawyer sign the funding agreement.

Why is the money I receive called a non-recourse loan?

Traditional loans that you get from a bank are recourse loans, which means the lender has the right to go after you and the assets that you own in the event you default on repayment. A non-recourse lawsuit loan means the lender cannot look to you for repayment. Only the settlement is available as a source of repayment. If you do not receive a settlement or judgment in the case, the lender has no recourse against you.