Lansing, Michigan 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 Lansing, Michigan
A lawsuit loan is a unique financial tool that can help an injured plaintiff during the duration of their legal case. This type of loan moves forward under the concept of non-recourse advance. To explain, this means that the funds you receive are actually advances on your future legal settlement. Unlike typical loans, if you lose your case, you’re not required to pay back the money you received.
At LawsuitLoans.io, we proudly offer lawsuit funding to plaintiffs across the great state of Michigan, including in the capital city of Lansing. For more information specific to Michigan, please visit our Michigan Lawsuit Loans page.
Let’s visualize this concept through Sophia, a resident of Lansing, who was tragically involved in a pedestrian accident. Due to her injuries, she is unable to work and naturally, financial worries start to add up. After learning about us, she decides to apply for a lawsuit loan through our funding application. As soon as her application gets approved, she receives funds which can be used to cover her living costs, medical expenses or any other necessities. This financial relief allows Sophia to focus on her recovery while her attorney takes the necessary time to fight for the fair settlement. Sophia isn’t required to pay anything back until her case settles — and if she doesn’t win, she owes us nothing.
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
When looking into lawsuit loans in Michigan, you might want to keep in mind some important details. Understanding the averages of loan amounts, rates, and personal injury verdicts could help set expectations for your own situation. It’s also good to know local laws that might impact how you deal with an accident or personal injury claim. Below is a quick look at relevant factors for Michigan residents.
|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.|
|Michigan population, 2020||112,644|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Lansing
At LawsuitLoans.io, we provide funding for several types of cases. Below is a brief overview of the most common case types we fund in Lansing.
Auto and Other Roadway Accidents
These accidents can take many forms, such as car accidents, motorcycle accidents, truck accidents, and pedestrian incidents. If you have been harmed in a roadway accident due to another’s negligence and are seeking legal compensation, we can help with funding.
Premises liability refers to accidents that occur on someone else’s property due to unsafe conditions. These can include slip and fall incidents or injury due to unsafe structures. If you’re pursuing a premises liability claim, we’re here to assist with funding during your legal proceedings.
Medical malpractice arises when a healthcare provider fails to give the standard of care, resulting in harm or injury. Claiming medical malpractice can be a long process. Our funding solutions can provide financial relief during this period.
Labor Law Claims
Labor law claims involve issues like wage theft, unfair labor practices, and workplace discrimination. As you stand up for your rights, LawsuitLoans.io is ready to support your claim with our funding services.
Employment-related claims, such as wrongful termination and employment discrimination, can take time to resolve. Our pre-settlement funding is designed to provide you with financial support during your legal journey.
Other Personal Injury Claims
We also fund other types of personal injury claims, which include but are not limited to, product liability, dog bite injuries, wrongful deaths, and maritime accidents. So regardless of the nature of your injury claim, we’re committed to making the funding available while you wait for your case’s resolution.
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 Lansing?
To be eligible for a lawsuit loan from LawsuitLoans.io, there are some key requirements. These criteria have been established to ensure that our financial services are available to those in need while their legal disputes are being resolved.
The first requirement is that you must have a valid legal claim. This could be against an insurance company, a self-insured company, or even a large public entity. The type of claim isn’t restricted, but it must be filed and ongoing. It means that if you’re involved in any legal dispute – be it personal injury, workers compensation, product liability, and more – you may qualify for our services.
Secondly, it is essential that you are represented by an attorney. We work directly with your legal counsel to understand the specifics of your case, allowing us to make an informed decision on your eligibility. If you do not yet have an attorney, it’s important to secure legal representation before considering a lawsuit loan.
Finally, you must be at least 18 years old. This rule is standard across most legal and financial services.
Apply today and get funds as soon as the same day you apply!
Our Lansing Lawsuit Loan Process
At LawsuitLoans.io, we offer stress-free lawsuit loans for plaintiffs involved in personal injury and other legal cases. In this section, we will provide a brief overview of our straightforward loan process.
The Five-Step Lawsuit Loan Process
- Apply Online: The first step is to fill out our online application form. This can be found at LawsuitLoans.io funding application.
- We Contact Your Law Firm: After receiving your application, we contact your law firm to get more details about your case.
- We Review Your Case: Once we have all the necessary information, our team reviews your case to see if it qualifies for a loan.
- You Sign a Contract: If your case qualifies, you’ll be sent a contract to sign. This contract outlines the terms of the loan and how it is to be repaid.
- You Get Funds: Finally, once the contract is signed, we transfer funds directly to you. This can provide invaluable relief while you wait for your legal case to resolve.
Understanding Our Process Through an Example
Let’s illustrate our process with an example. Suppose John, a car accident victim, is involved in an ongoing lawsuit, but he’s struggling to pay his bills. He visits LawsuitLoans.io, fills out the application form, and submits it. Our team contacts John’s lawyer to discuss his case. After reviewing the details, we determine that John qualifies for a lawsuit loan. We send John a contract which he signs and returns. Finally, we transfer the agreed-upon funds to his account, providing him with much-needed financial support as his legal case continues.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. Our company is able to advance a maximum of 25% of your expected share of the settlement if your case is still in progress. For cases that have already been settled, we can offer you up to 50% of your projected portion of the settlement.
Let’s consider an example: imagine you are a plaintiff based in Lansing involved in a car accident case. Suppose the estimated value of the case is $100,000, but it will not be settled for some time. Medical providers generally get paid about a third of the settlement, the attorney earns another third, leaving the plaintiff with around $35,000. In this case, we could potentially 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 Lansing?
Getting a pre-settlement lawsuit loan from LawsuitLoans.io is usually a swift process. Plaintiffs can expect to receive funds immediately after their application is submitted and reviewed. Our team at LawsuitLoans.io diligently handles each application, ensuring a review and decision within 24 hours.
Let’s assume you submit your application today, our team gets to work right away. Your case is reviewed thoroughly and if all requirements are met, decisions to grant the loan are made almost instantly. Where possible, we try to ensure our clients can access their funds within a day following submission of their application.
It’s worth noting that every case is unique, sometimes complex cases might need extra time for review, but rest assured, we strive to provide a speedy service without compromising the thoroughness of the case Review.
Pros and Cons of Pre-Settlement Funding in Lansing, Michigan
Pre-settlement funding in Lansing, Michigan can provide significant benefits to those seeking financial relief during their legal proceedings. The leading positive aspects are:
- Financial Relief: This kind of funding provides an immediate solution to the struggles created by a lack of funds from a lengthy lawsuit.
- Early Access to Funds: Pre-settlement funding means you get money in advance while your legal case is still unfolding, hence easing any monetary strain.
- Avoiding Early Settlement Pressure: It’s not unusual to feel pressured to settle your case early due to financial constraints. This funding gives you breathing space to fight for what you believe you deserve.
- Non-Recourse Loans: In the unlikely event that you lose your case, you don’t have to pay back the loan.
With these benefits also come some potential downsides:
- High Interest Rates: The interest rates on lawsuit loans can be higher relative to other types of loans.
- Less Regulation: The pre-settlement funding industry isn’t as tightly regulated as many other lending industries, leading to possible disparity in quality and service.
- Need for a Strong Case: To qualify for pre-settlement funding, you will need to have a strong case with a high likelihood of success and a lawyer working on contingency, which isn’t assured for all lawsuits.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Lansing Pre-Settlement Funding FAQs
Individuals involved in legal cases undoubtedly face several questions. Here are some frequently asked questions (FAQs) that Lansing residents often raise:
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies depending on the estimated value of your case and the expected time for resolution. These factors influence interest rates, which ultimately affect the overall cost.
Do I qualify for a lawsuit loan?
Qualifying for a lawsuit loan typically requires you to have a valid claim in process. A lawyer must represent you. The strength and likely outcome of your claim are major points considered.
If you have bad credit, can you get pre-settlement funding in Michigan?
Yes, you can! Our main concern at LawsuitLoans.io is about the merit of your case, not your credit history. As such, even if you have bad credit, you could still qualify for pre-settlement funding in Michigan with us.
Apply today and get funds as soon as the same day you apply!