Lewiston, Maine 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 Lewiston, Maine
Lawsuit loans, also known as pre-settlement funding, are advanced funds provided to plaintiffs who have an ongoing legal case. Simply put, these are non-recourse advances on your future legal settlement. Non-recourse means if you do not win your lawsuit, you are not obligated to pay back the funds.
This financial service is available to those pursuing legal claims throughout Maine, including the city of Lewiston. For more information and assistance specifically related to Maine, please visit our main Maine Lawsuit Loans page.
Consider a hypothetical scenario: Grace, a resident of Lewiston, is involved in a car accident. Due to other driver’s negligence, she is badly injured and unable to work, thus facing financial hardships. In this instance, a lawsuit loan could be immensely helpful. While she waits for her personal injury case to resolve, LawsuitLoans.io can provide the necessary funds, allowing Grace to focus on recovery rather than financial stress.
Once Grace wins her case, the advance is repaid from her legal settlement. But if the case does not settle in her favor, she is under no obligation to repay us. The goal of a lawsuit loan is to provide financial relief in times of need, reducing the stress of waiting for a legal case to resolve.
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 Maine Lawsuit Loan Information
If you have a pending legal case in Maine and face financial distress, a lawsuit loan could be an ideal solution. Our lawsuit loans help plaintiffs to ease financial burdens while they wait for their case to resolve. Here are certain crucial data pertaining to lawsuit loans by LawsuitLoans.io in Maine.
|Average loan amount by LawsuitLoans.io in Maine||$130,067.00|
|Largest loan by LawsuitLoans.io in Maine||$130,067.00|
|Average semi-annual rate in Maine||20.0%|
|Median personal injury verdict in Maine||$27,000 to $113,500|
|Maine statute of limitations||6 years; Maine Revised Statute Title 14 Section 751|
|Maine fault laws||Maine is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.|
|Portland, Maine population, 2020||37,121|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Lewiston
We provide funding for several case types in Lewiston. This includes:
- Auto and other roadway accidents: These cases involve accidents on the road. It could be a collision between two vehicles, or an accident involving a pedestrian. These cases usually result in personal injuries.
- Premises liability: These cases are about accidents that happen on someone else’s property. The property owner may be held responsible if they did not take enough care to keep their property safe.
- Medical malpractice: These cases involve medical professionals who did not perform their duties correctly. This could include mistakes made during surgery, incorrect medication doses, misdiagnosis, or other mistakes that harm the patient.
- Labor law claims: These cases come from workers who believe their rights have been violated at work. They may involve unpaid wages, unsafe working conditions, or discrimination.
- Employment claims: These cases come from employees who feel they have been treated unfairly at work. They may involve issues like unfair dismissal, harassment, discrimination, or other violations of employment law.
- Other personal injury claims: These consist of any other type of claim where a person was injured due to someone else’s negligence. This could include slip and fall accidents, product liability cases, dog bites, and more.
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 Lewiston?
If you’re wondering whether you’re eligible for a lawsuit loan in Lewiston, we have laid out the primary guidelines for your convenience. Qualifying for a lawsuit loan primarily rests on a few key criteria.
First, you must have a valid legal claim. This encompasses cases against an insurance company, a self-insured company, or even a large public entity. Although the nature of the case might vary, having an active legal claim is indispensable.
Second, retaining an attorney is a prerequisite. Your lawyer not only helps navigate the complexities of your lawsuit but also plays an instrumental part in securing your lawsuit loan.
The last requirement is your age. You must be at least 18 years old to apply for a lawsuit loan in Lewiston.
Meeting these criteria increases your chances of securing a lawsuit loan, but does not guarantee it. Every case is unique, and they are evaluated on an individual basis.
Apply today and get funds as soon as the same day you apply!
Our Lewiston Lawsuit Loan Process
At LawsuitLoans.io, we believe in transparency and easiness. This is why we aim to simplify the lawsuit loan process as much as possible. Providing funds to plaintiffs is a systematic process that generally comprises of five main steps.
Step 1: Apply Online
The first step towards obtaining a lawsuit loan is to fill out our online application located at LawsuitLoans.io funding application. This step involves providing some basic personal and legal case details.
Step 2: We Contact Your Law Firm
Upon receiving your application, our team will contact your law firm to acquire more information about your lawsuit. Your privacy and data security are paramount to us. Hence, all information gathered will be kept strictly confidential.
Step 3: We Review Your Case
The third step involves a thorough review of your case by our team of experts. Various factors of your situation such as the claim type, potential award size and case progress status are all considered during this review process.
Step 4: You Sign A Contract
Once your case qualifies for a lawsuit loan, we will create a funding agreement. After you and your attorney review and sign the agreement, a contract between you and LawsuitLoans.io gets formed.
Step 5: You Get Funds
With the contract in place, the process reaches its final step. The agreed-upon funds get transferred to your account promptly. Now, you have the financial freedom to organize your life while awaiting the conclusion of your lawsuit.
Consider this example: suppose John has filed a personal injury claim but desperately needs money to cover his medical expenses. John applies for a lawsuit loan with LawsuitLoans.io, providing all the necessary details about his case. Our team reviews John’s case and qualifies him for a specific amount. Once the contract is signed, funds are transferred to John’s account, helping him cover his pressing medical bills.
With LawsuitLoans.io, lawsuit funding is just a few clicks away!
How Much Money Can I Get From my Lawsuit Loan?
If you are looking for a lawsuit loan, you might be curious to know how much money you can get. At LawsuitLoans.io, the amount can range from $500 to $1,000,000+.
For cases that are still in progress, we can provide an advance of up to a maximum of 25% of what you are expected to get from the settlement. If your case has been settled, we can offer 50% of your portion from the settlement.
Let’s consider an example. Suppose you are a plaintiff from Lewiston involved in a car accident case with a $100,000 estimated value. Let’s say the case is not settled yet and will take some more time. When the settlement is done, medical providers typically receive around 1/3rd of the total amount. Your attorney will get another third. This leaves you with approximately $35,000. In this situation, LawsuitLoans.io may advance about 25% of your portion–in this case, $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 Lewiston?
If you’re a plaintiff in a personal injury or any legal claim, you might be wondering how quickly you can receive funds after applying for a pre-settlement lawsuit loan. We are here to clear up that doubt for you.
Applying for a pre-settlement loan with LawsuitLoans.io is easy and quick. After you submit your application, our team will review your case promptly. The good news is that we make our decision within 24 hours of receiving your application.
For instance, let’s say you suffered an automobile accident and have a pending lawsuit. If you apply for a pre-settlement lawsuit loan today, you could potentially receive our decision by tomorrow. Once approved, the funds are immediately disbursed to support you financially while you wait for your legal case to resolve.
So, whether you are dealing with medical bills, loss of income, or day-to-day living expenses while waiting for your lawsuit settlement – we understand your urgency. At LawsuitLoans.io, we aim to deliver the financial relief you need as quickly as possible.
Pros and Cons of Pre-Settlement Funding in Lewiston, Maine
When you’re faced with a legal battle, pre-settlement funding can be a lifeline. Let’s walk through some benefits and drawbacks of this option available to you in Lewiston, Maine.
Benefits of Pre-Settlement Funding
The advantages of pre-settlement funding are many. First off, it offers financial relief. Legal cases can drag on for a long time, with lots of out-of-pocket costs. Pre-settlement funding can help ease that burden. Secondly, it allows for early access to funds. You don’t have to wait till the end of your case to get money. This is crucial for plaintiffs who might have bills piling up. It can also relieve pressure to settle early just to pay those bills. This leads us to another perk – you can avoid early settlement pressure. Finally, lawsuit loans are non-recourse, which means if you lose your case, you don’t have to pay back the money.
Costs or Cons of Pre-Settlement Funding
Like anything else, pre-settlement funding does have its downsides. One notable drawback is the relatively high interest rates. Be sure to weigh this against the potential benefits. Another issue is that the industry is typically unregulated or under-regulated. Lastly, most funders only lend to people with a strong case represented by an attorney working on a contingency basis. So, not everyone who applies will qualify.
Pre-settlement funding is a tool available to you when you’re caught in a legal bind. Consider the pros and cons carefully so you can make an informed decision.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Lewiston Pre-Settlement Funding FAQs
Here, we will answer a few commonly asked questions by Lewiston residents regarding lawsuit loans and pre-settlement funding.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies based on a few factors. It depends on the amount you need, the details of your case, and the risk associated with your case. LawsuitLoans.io provides competitive rates on lawsuit loans. For more detailed information, please visit our website): or call us at (866) 594-1343.
Do I qualify for a lawsuit loan?
Qualifying for a lawsuit loan largely depends on the merits of your case. If you have a lawyer representing you and your case has clear liability and damages, then you likely qualify for a lawsuit loan. To apply for a lawsuit loan, fill in our online funding application.
If you have bad credit, can you get pre-settlement funding in Maine?
Yes, you can get pre-settlement funding even if you have bad credit. At LawsuitLoans.io, we primarily look at the strength of your case rather than your credit score when approving funding. Contact us today to learn more about your options for pre-settlement funding.
Apply today and get funds as soon as the same day you apply!
Does LawsuitLoans.io Directly Fund Cases in Maine?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Maine.