Ann Arbor, Michigan Lawsuit Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
Apply in Seconds
What Are Lawsuit Loans in Ann Arbor, Michigan
Lawsuit loans, also known as pre-settlement advances, offer financial help to plaintiffs waiting for a legal case resolution. These are non-recourse advances provided based on the potential outcome of the plaintiff’s legal claim.
If you’re a plaintiff in Michigan, you can apply for these lawsuit loans. We cater to a wide range of personal injury and other legal claims. For more information on Michigan-based loans, visit our main Michigan Lawsuit Loans page.
Allow us to walk you through an example. Meet Dennis, a resident of Ann Arbor, Michigan. Dennis was involved in a car accident resulting in considerable injuries. While waiting for his case to be resolved, Dennis faces financial hardships as he can’t work due to his injuries.
Dennis decides to apply for a lawsuit loan. He contacts LawsuitLoans.io and provides all necessary details related to his personal injury claim. After assessing the strength of Dennis’ case, LawsuitLoans.io approves a non-recourse advance for him. This aids Dennis financially until his case settles.
Lawsuit loans essentially provide plaintiffs like Dennis with a safety net during a challenging time when their income might be restricted due to injuries from the accident.
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 Michigan Lawsuit Loan Information
If you’re involved in a lawsuit in Michigan, it’s vital to understand the figures and facts related to lawsuit loans. Here is some essential information you should know:
|Average loan amount by LawsuitLoans.io in Michigan||$14,419.51|
|Largest loan by LawsuitLoans.io in Michigan||$100,700.00|
|Average semi-annual rate in Michigan||20.6%|
|Median personal injury verdict in Michigan||$99,506.00|
|Michigan statute of limitations||3 Years; Michigan Comp. Laws Section 600.5801|
|Michigan fault laws||Michigan is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident.|
|Detroit population, 2020||123,851|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Ann Arbor
At LawsuitLoans.io, we pride ourselves on our scope of case types that we provide funding for. Here are some of the most common cases we fund in Ann Arbor:
Auto and other Roadway Accidents
Roadway accidents, whether they involve cars, trucks, motorcycles, or pedestrians, can be devastating. The damages can range from minor injuries to permanent disability. While waiting for a settlement, we can provide you with funds to cover your immediate needs.
If you’ve been injured while on another person’s property due to negligence, you may have a premises liability claim. This could include slip and fall incidents or poor maintenance cases. While these legal processes can take time, we can assist you with your financial obligations during this period.
Medical malpractice cases are about holding healthcare providers accountable when their negligence causes harm. These complex cases often take a long time to resolve, but don’t worry – we’re here to help ease your financial burden while you wait for justice.
Labor Law Claims
Whether you’re dealing with unpaid wages, unfair treatment, or workplace safety issues, we offer funding solutions to aid employees facing these legal battles. Labor law claims can extend over lengthy periods, and we have options to help manage your finances during this time.
Your job should be a safe place, and when that trust is broken, it can be daunting to stand up for your rights. From discrimination claims to wrongful termination cases, we’ll be there with a financial solution to help you through.
Other Personal Injury Claims
We cater to a wide range of personal injury cases, from product liability to dog bites. Regardless of the nature of your claim, we will strive to ease your financial worries while your case is being resolved.
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 Ann Arbor?
If you’re currently involved in a legal case, you might be wondering whether you are eligible for a lawsuit loan. The basic eligibility requirements are relatively simple:
- You must have a valid legal claim against an insurance company, a self-insured entity, or a large public corporation.
- You need to have an attorney representing you in your claim.
- You must be at least 18 years old.
To gain further clarification about these criteria or if you are unsure about your eligibility, it’s always best to reach out to the professionals at LawsuitLoans.io directly.
Apply today and get funds as soon as the same day you apply!
Our Ann Arbor Lawsuit Loan Process
Lawsuit loans, also known as pre-settlement funding, provide individuals with a cash advance against a future legal settlement. At LawsuitLoans.io, we strive to provide funds in a simple and easy way. This process usually revolves around these five main steps:
- Apply online: This is the first step where plaintiffs fill out an online application on our website to begin the process. You can apply here.
- We contact your law firm: After receiving your application, we reach out to your law firm to collect more information about your case.
- We review your case: Once we have needed details about your lawsuit, our underwriters critically review your case. They determine if you qualify for a lawsuit loan.
- You sign a contract: If your lawsuit qualifies, we will offer a funding agreement detailing the terms of the lawsuit loan. You, along with your attorney, should review and sign this agreement.
- You get funds: Once the signed agreement is returned, we will promptly send you the pre-agreed funds.
Here’s an example to further clarify how you may get a lawsuit loan. Suppose you suffer from a personal injury and decide to sue for damages. As lawsuits take time, you apply for a lawsuit loan at LawsuitLoans.io to help with expenses until your settlement arrives. We contact your law firm, gather case details, and after review, decide you are eligible. You and your attorney review the brief contract we provide. Once signed and sent back, you quickly receive the funds to aid during your ongoing lawsuit.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range in value from $500 to over $1,000,000. The amount we can provide depends on the status and expected outcome of your case. For legal cases that are still in progress, we have the capability to offer up to a maximum of 25% of your anticipated earnings from the settlement.
However, for lawsuits that have already been settled, our offer could rise to half of your expected portion of the settlement.
Let’s look at an example: take a plaintiff in Ann Arbor who is involved in a car accident case with estimated damages totaling $100,000. The settlement of the case is still under negotiation. Generally, medical providers receive about one-third of the settlement total, while the attorney also claims a third. This leaves around $35,000 for our plaintiff. Given this scenario, we can advance approximately 25% of that sum – or $8,250 – as a loan.
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 Ann Arbor?
If you’re a plaintiff with a pending lawsuit, you might be wondering how fast you can access pre-settlement funds. The good news is that with LawsuitLoans.io, the process can be surprisingly quick.
Once you’ve submitted your application, our team will review the details of your case. We understand that time is crucial for plaintiffs in need, which is why we aim to make a decision within 24 hours of receiving your application. This means that if your application is approved, you could have the funds you need in a very short span of time.
For example, imagine you’ve been injured in a car accident and are currently unable to work. Bills are piling up and you’re unsure how you’ll cope financially while your lawsuit progresses. Once you submit an application to LawsuitLoans.io, our team gets to work immediately reviewing your case. Within a single day, you receive the news – your application has been approved! Now, you have the financial relief to manage your living expenses as you focus on your lawsuit.
This quick review and decision-making process sets LawsuitLoans.io apart from other lending companies. Plaintiffs in Ann Arbor and beyond can enjoy peace of mind, knowing they won’t be left waiting during a difficult and uncertain time.
Pros and Cons of Pre-Settlement Funding in Ann Arbor, Michigan
Before deciding to apply for pre-settlement funding or what is also referred to as a lawsuit loan, it’s important to weigh the advantages and disadvantages. Here are some pros and cons to consider if you are a plaintiff with a personal injury or another type of legal claim in Ann Arbor, Michigan.
Benefits of Pre-Settlement Funding
- Financial Relief: Lawsuit loans offer immediate financial help while your case is still pending in court. This can be helpful, particularly when the costs of living are piling up.
- Early Access to Funds: Traditional loans require repayment regardless of the outcome of the case. However, with lawsuit loans, you get early access to funds and only pay back if you win your case.
- Avoids Early Settlement Pressure: Having access to money from a lawsuit loan means you are under less pressure to settle your case before its full value is realized. You can afford to wait for a fair settlement or verdict.
- Non-Recourse Loan: Lawsuit loans are non-recourse. This means that if you do not win your lawsuit, you do not need to repay anything.
Costs or Cons of Pre-Settlement Funding
- High Interest Rates: Since lawsuit loans come with high risk, lenders often charge high interest rates.
- Under-Regulated Industry: The lawsuit loan industry is generally under-regulated, which could lead to unfair practices. However, we at LawsuitLoans.io commit to full transparency and fair practices.
- Need for a Well-Developed Case: Lawsuit loans require pre-settlements that are well-developed, with an attorney working on a contingency basis. This means you need a solid case with strong chances of winning to access lawsuit loans.
In conclusion, it’s important to weigh the pros and cons before making any decision about lawsuit loans. Remember, every case is unique. It is always wise to seek advice from your attorney before deciding. Interested in knowing more? Contact LawsuitLoans.io or call us toll-free at (866) 594-1343.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Ann Arbor Pre-Settlement Funding FAQs
This section answers some common questions that Ann Arbor residents have about pre-settlement funding.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can vary based on your case. We base the fees on the risk associated with your claim. We always make sure to be completely transparent about all costs beforehand.
Do I qualify for a lawsuit loan?
To qualify for a lawsuit loan, you should have a personal injury claim or other legal claim pending resolution. Your attorney should support your loan request too. Remember, we’ll review each situation individually to determine if you qualify.
If you have bad credit, can you get pre-settlement funding in Michigan?
Yes, you can. At LawsuitLoans.io, we base approval for lawsuit loans solely on the merits of your case, not your credit score. So don’t worry if you have bad credit.
Apply today and get funds as soon as the same day you apply!