Shreveport, Louisiana 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 Shreveport, Louisiana
A lawsuit loan is a financial lifeline for plaintiffs who are waiting for their legal case to resolve. This is a type of funding provided to the injured parties of personal injury and other types of legal claims. Unlike traditional loans, lawsuit loans operate differently as they are non-recourse advances. This means that the repayment is completely contingent on the outcome of the plaintiff’s case.
We at LawsuitLoans.io provide lawsuit loans throughout Louisiana. If you are specifically looking for details about our service in Louisiana, please feel free to visit our main Louisiana Lawsuit Loans page.
For instance, let’s take an example of Keith, a resident of Shreveport, Louisiana. Keith was involved in a car accident and suffered serious injuries. With mounting medical bills and unable to work, Keith found himself in a tight financial spot while his legal claim made its way through the court system. A lawsuit loan from LawsuitLoans.io was the perfect solution. It provided Keith with the funds he needed to cover his immediate expenses and gave him the financial breathing space he needed until his case settled. The best part? Since these are non-recourse advances, Keith only had to repay the loan if he won his case.
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 Louisiana Lawsuit Loan Information
If you are in the midst of a lawsuit in Louisiana and need financial help, a lawsuit loan from LawsuitLoans.io could be the solution. We’re here to assist with monetary support while your case is being resolved. Here’s some helpful data about our lawsuit loans in Louisiana:
|Average loan amount by LawsuitLoans.io in Louisiana||$8,368.62|
|Largest loan by LawsuitLoans.io in Louisiana||$83,591.00|
|Average semi-annual rate in Louisiana||21.4%|
|Median personal injury verdict in Louisiana||$95,000.00|
|Louisiana statute of limitations||1 Year; Louisiana Civil Code Section 3492|
|Louisiana fault laws||Louisiana is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.|
|New Orleans population, 2020||187,593|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Shreveport
At LawsuitLoans.io, we finance a range of case types in Shreveport. Let’s go over some of the most common ones.
Auto and Other Roadway Accidents
These types of claims often result from accidents on the road. This may include automobiles, motorcycles, trucks, or pedestrian incidents. In such cases, plaintiffs suffer personal injury due to another party’s negligence.
In premises liability cases, an injured party may be eligible for funding if the property owner’s negligence led to injury. For instance, this could be due to a slip and fall on a wet floor without appropriate signage.
Medical malpractice claims take place when a healthcare provider fails to meet the standard of care, causing harm to the patient. This might involve misdiagnosis, surgical errors, or medication mistakes.
Labor Law Claims
We also fund labor law claims where employees have been unfairly treated. This could range from unjust firings to wage disputes.
Employment claims are similar to labor law claims but are more specific to the workplace like discrimination, harassment, and unequal pay.
Other Personal Injury Claims
In addition to the above, we fund a variety of personal injury claims. Whether it’s a product liability case or an accident caused by someone else’s negligence, LawsuitLoans.io is there to help with pre-settlement funds.
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 Shreveport?
If you are involved in a lawsuit, you may be wondering what options you have for financial relief while waiting for your case to resolve. One such option is a lawsuit loan. But what makes you eligible for this type of loan? Let’s go over the primary eligibility criteria.
To qualify for a lawsuit loan in Shreveport, there are a few things required. First and foremost, you need to have a valid legal claim against an insurance company, self-insured company, or large public entity. This is the most crucial criteria as the loan is primarily based on the strength of your case.
Secondly, you must have an attorney representing your interests. This is important because legal representation often increases the chances of obtaining a favourable settlement or jury verdict, which professionals use to assess your case’s worth in giving out a lawsuit loan.
Lastly, to be eligible for a lawsuit loan, you must be at least 18 years old. This age limit is standard as it is generally the legal age of contractual capacity.
If you meet these criteria, you could consider applying for a lawsuit loan from LawsuitLoans.io to aid you during your legal process.
Apply today and get funds as soon as the same day you apply!
Our Shreveport Lawsuit Loan Process
If you have a pending lawsuit case and facing financial burdens, you might want to consider a legal loan. But what exactly is a lawsuit loan, and how does it work? Here’s a brief overview.
A lawsuit loan, also known as pre-settlement funding or litigation financing, is the funds provided to plaintiffs with ongoing ostensible cases. It works as financial support for plaintiffs to cater to their immediate needs while they wait for their cases to resolve.
Here at LawsuitLoans.io, we use a five-step process to help plaintiffs get their funds.
- Apply online: Start by filling out our online form located at LawsuitLoans.io funding application.
- We contact your law firm: After receiving your application, we will contact your law firm for more information about your case.
- We review your case: Our team of professionals will assess your case. We look at its merits, overall claims, expected settlement, and more.
- You sign a contract: If your application gets approved, you’ll sign a contract. This agreement details the borrowed amount, fees, and payback terms.
- You get funds: Finally, after signing the contract, you are provided with the funds.
To better explain this process, let’s take an example. If you’re from Shreveport and have filed a personal injury lawsuit due to a car accident but need immediate money to cover your medical bills and other expenses, you can apply for a lawsuit loan at LawsuitLoans.io.
You will fill out an online application. We will then reach out to your law firm to discuss your case, its expected completion time, and potential settlement. After reviewing this information, if approved, we will provide you with a contract to sign.
Once the paperwork is complete, you will receive your funds, which can be used as deemed fit. The repayment will be made from your settlement amount once your case concludes, and if you do not win your case, you owe us nothing. That’s how simple the process is!
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We have the capacity to advance up to a maximum of 25% of your expected part of the settlement if your case is still in progress. On the other hand, when cases are settled, we can offer as much as 50% of your anticipated settlement portion.
Let’s have an example for better understanding: Suppose an individual in Shreveport is the plaintiff in a car accident case with an estimated value of $100,000. The case is ongoing and is not projected to settle soon. Medical providers would roughly receive around 1/3 of the settlement, the attorney another 1/3. That leaves about $35,000 for the plaintiff. In such a scenario, LawsuitLoans.io can advance about 25% of that sum, which comes 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 Shreveport?
If you are waiting for a legal case to resolve in Shreveport, and require funds to meet your immediate needs, you can look into obtaining a pre-settlement lawsuit loan from LawsuitLoans.io. We understand that lawsuits can take a long time to settle and funds are often urgently needed, hence we strive for efficiency while handling applications.
Upon receiving your application, LawsuitLoans.io undertakes a review of your case. This involves understanding the merits of your legal claim along with other key factors. The good news is that we do our best to expedite this process and make a decision within 24 hours.
For instance, if you submit your application on a Monday morning, you can expect to receive an update from us by Tuesday morning. If your application meets our criteria and we approve it, the agreed upon funds are swiftly transferred to your account. This means that the elapsed time between your application submission and receiving funds can be as short as a day!
Do remember though, each case is unique and the exact time frame may vary a little. Regardless, rest assured that LawsuitLoans.io is committed to processing your application as quickly as possible.
Pros and Cons of Pre-Settlement Funding in Shreveport, Louisiana
Pre-settlement funding offers several benefits to plaintiffs. This type of funding provides financial relief. It offers early access to funds while waiting for legal cases to resolve. Another key benefit is avoiding pressure to settle cases early because of financial hardship. One of the best aspects of lawsuit loans from companies like LawsuitLoans.io is their non-recourse nature. This term means that if you lose your case, you do not have to repay the loan.
However, pre-settlement funding is not without its cons. Some downsides include high interest rates and a generally unregulated or under-regulated industry. You should also be aware that this type of funding requires your case to be well-developed. Your attorney must also agree to work on a contingency basis.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Shreveport Pre-Settlement Funding FAQs
When it comes to pre-settlement funding, it’s common for potential loan applicants, especially those in Shreveport, Louisiana, to have a few questions about the process. Below, we’ve aimed to answer some frequently asked questions (FAQs) that might help clarify things for you.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can vary depending on a number of factors. This includes your case, the amount of money you request, and the fees charged by the lender. It is always best to speak with one of our experts at LawsuitLoans.io or call our toll-free phone number (866) 594-1343 for a personalized quote and more information.
Do I qualify for a lawsuit loan?
In order to qualify for a lawsuit loan, you typically need two things: proof of your personal injury claim and proof that you’re represented by an attorney. Our specialists at LawsuitLoans.io are always available to clarify further details and guide you through the application process.
If you have bad credit, can you get pre-settlement funding in Louisiana?
A unique feature of lawsuit loans is that they do not depend on your credit score. So yes, even if you have bad credit, it is still possible to get pre-settlement funding in Louisiana from LawsuitLoans.io. This is because we consider the strength of your case, not your credit history. Feel free to apply any time at our LawsuitLoans.io funding application.
Apply today and get funds as soon as the same day you apply!