New Bedford, Massachusetts 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 New Bedford, Massachusetts?
Lawsuit loans, also known as pre-settlement funding or lawsuit advances, are a unique financial tool available to plaintiffs. They provide immediate cash to people with pending legal claims and are waiting for their cases to settle.
These are non-recourse advances, which means you only have to pay back the amount if you win your case. If you lose, you owe nothing to the lending company. More than a traditional loan, it works as an investment in the possible outcome of your pending lawsuit.
An Example: Meet Jacob from New Bedford
Consider the example of Jacob, a resident of New Bedford, Massachusetts. Jacob recently got into a car accident which left him with substantial medical bills and an inability to work. While he hired an attorney and has a strong personal injury claim, his case could take months or even years to finally resolve.
In need of money to cover his growing expenses, Jacob reached out to us at LawsuitLoans.io and filled out our fast and user-friendly funding application. Within 24 hours, he was approved to receive a lawsuit loan. This much-needed influx of cash helped Jacob stay afloat financially while he waited for his case to settle.
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 Massachusetts Lawsuit Loan Information
If you’re considering a lawsuit loan in Massachusetts, it’s important to know some key details. Below, you’ll find a table with valuable information about lawsuit loans in the state, including average loan amounts facilitated by LawsuitLoans.io, average semi-annual rates, and legal considerations like personal injury verdicts and the state’s statute of limitations for filing claims.
|Average loan amount by LawsuitLoans.io in Massachusetts||$22,077.28|
|Largest loan by LawsuitLoans.io in Massachusetts||$134,795.00|
|Average semi-annual rate in Massachusetts||19.4%|
|Median personal injury verdict in Massachusetts||$31,000.00|
|Massachusetts statute of limitations||3 years; Mass. Ann. Laws Ch. 260 Section 1|
|Massachusetts fault laws||Massachusetts is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident.|
|Boston population, 2020||101,079|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in New Bedford
At LawsuitLoans.io, we offer funding for a wide range of case types. Here are some of the most common types of claims we fund in New Bedford:
- Auto and Other Roadway Accidents: These encompass situations where individuals sustain injuries due to car, motorcycle, or truck accidents.
- Premises Liability: This type of claim arises when an injury occurs on someone else’s property due to their negligence or failure to maintain safe conditions.
- Medical Malpractice: In these cases, patients file claims against medical professionals or institutions for injuries caused by negligence or breaching the standards of medical care.
- Labor Law Claims: Workers can file these claims if they suffer injuries on the job due to the employer’s violations of labor laws.
- Employment Claims: These are lawsuits brought forth by employees against their employers for issues like harassment, discrimination, or wrongful termination.
- Other Personal Injury Claims: In addition to the above, we fund a wide array of other personal injury cases where individuals have been harmed due to another’s negligence or intentional actions.
Remember, these are just a few examples. Every case is unique, and we’re here to help with each one. For more information, visit our website or call us toll free at (866) 594-1343. Ready to apply? Start the process on our funding application page.
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 New Bedford?
If you are involved in a lawsuit, you may be wondering if you can apply for a loan to help with expenses while your case is pending. The good news is that many plaintiffs are eligible for these types of loans from LawsuitLoans.io. Here are the main eligibility criteria:
- You must have a valid legal claim against an insurance company, a self-insured company, or a large public entity. This means that you have a case that is likely to result in a settlement or judgment in your favor.
- You must have an attorney representing you. Lawsuit loans are not available to individuals who are representing themselves. Your attorney will communicate with the lender about your case, which helps to determine your loan amount.
- You must be at least 18 years old. Minors are not eligible to apply for lawsuit loans. If you meet all of these criteria, you may be qualified for a loan.
If you are interested in applying for a loan, call at (866) 594-1343 or fill out an application at LawsuitLoans.io funding application.
Apply today and get funds as soon as the same day you apply!
Our New Bedford Lawsuit Loan Process
If you are involved in a lawsuit and need funds, LawsuitLoans.io is here to help. We provide pre-settlement loans to plaintiffs during their legal pursuit. Here’s a straightforward explanation of how our process works:
First, apply online. Our website has a simple application form where you can input your information securely.
Second, we contact your law firm. After we receive your application, we reach out to your attorney or law firm to discuss some key details about your case.
Third, we review your case. Our team examines the information provided by your law firm, evaluates the merits of your case, and decides whether it qualifies for a loan. Remember, not every case may qualify. The success of your lawsuit and your potential compensation are key considerations.
Fourth, you sign a contract. If your lawsuit qualifies for a loan, we will send a contract for you to sign. This contract spells out the terms of the loan, including the amount you will receive, and any fees associated.
Fifth and final, you get funds. Once the signed contract is returned, we transfer the agreed loan amount to your account as soon as possible.
To illustrate, let us consider John Doe. John was in a car accident and sustained injuries. To help fund his expenses while his legal case is ongoing, John applied for a loan via our website. We got in touch with his law firm, reviewed his case, found it meritorious, and offered him a loan against his potential compensation. He signed the contract, and soon after, we transferred the agreed-upon amount to John’s account. Now, John can focus on his recovery and legal case, knowing that LawsuitLoans.io is shouldering the financial stress for him.
For more information or to start your application, visit LawsuitLoans.io or call us at (866) 594-1343.
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.
Let’s provide an example for better understanding. Consider a plaintiff from New Bedford involved in a car accident case with an estimated value of $100,000. The case is still in progress and will not settle for some time. The medical providers receive about 1/3 of the settlement, the attorney gets another 1/3 of the settlement, and the plaintiff ends up with around $35,000. From LawsuitLoans.io, we can advance around 25% of that amount or $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 New Bedford?
If you’re a plaintiff involved in a personal injury or other legal claim, you might be wondering how soon you can receive funding. With LawsuitLoans.io, the turnaround time is impressively quick. Once you’ve submitted your funding application, our team begins the review process immediately.
Our experienced team at LawsuitLoans.io works efficiently to understand the specifics of your case. This helps us make a decision as soon as possible. Usually, we can complete this process and provide a decision within an incredibly swift 24 hours.
For example, if you submit your application on a Monday, you can potentially have your funding decision by Tuesday. This quick turnaround allows you to maintain financial stability while waiting for your legal case to resolve.
So, if you need funds quickly for urgent bills or living expenses while waiting for your case to resolve, apply through LawsuitLoans.io. Our priority is to provide you with the quickest funding solution tailored to your individual situation and needs.
Pros and Cons of Pre-Settlement Funding in New Bedford, Massachusetts
Pre-settlement funding services, like those provided by LawsuitLoans.io, pose both advantages and disadvantages for victims seeking justice in New Bedford, Massachusetts. The awaiting time for a legal case to resolve can be challenging. Fortunately, pre-settlement funding offers some benefits that might help.
The primary benefit of such funding is the financial relief it provides. When victims are dealing with an injury or legal claim, their financial resources can get strained. With early access to funds, they gain some control over their financial fate. Furthermore, pre-settlement funding helps them avoid the pressure of settling their legal cases prematurely. Finally, lawsuit loans have a non-recourse nature, meaning if the plaintiff’s case doesn’t result in a favorable settlement, they won’t be obligated to repay the loan.
Despite these benefits, pre-settlement funding has its downsides. The industry is generally under-regulated which can cause potential issues. Borrowers may also find themselves facing relatively high interest rates when compared to traditional lending options. Lastly, accessing this funding requires having a well-laid-out legal case. While this may not be a con for those working with experienced attorneys on a contingency basis, for others, it might pose a challenge.
To learn more about pre-settlement financing, visit LawsuitLoans.io or call them toll free at (866) 594-1343. You can also submit your application directly from this page: LawsuitLoans.io funding application.
Get up to $500,000 with rates as low as 2.5% simple, monthly
New Bedford Pre-Settlement Funding FAQs
In this section, we’ll be answering some of the frequently asked questions from New Bedford residents contemplating taking pre-settlement funding from LawsuitLoans.io.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can vary based on different factors such as your case type, the amount borrowed, and the duration until you receive your settlement. At LawsuitLoans.io, we pride ourselves in offering competitive rates to our clients. Visit our website or call us on (866) 594-1343 for more specific details.
Do I qualify for a lawsuit loan?
If you are a plaintiff in an ongoing legal case, and have hired an attorney, you may qualify for a lawsuit loan. The primary criteria for approval is the strength of your case. To apply, click here.
If you have bad credit, can you get pre-settlement funding in Massachusetts?
Yes, at LawsuitLoans.io, your credit history does not affect your eligibility for pre-settlement funding. Your lawsuit’s potential outcome is what primarily determines your approval.
Apply today and get funds as soon as the same day you apply!