Missouri Lawsuit Loans

What is a Lawsuit Loan and How Does it Work in Missouri?

A lawsuit loan, also referred to as legal financing or pre-settlement funding, is a cash advance provided to plaintiffs involved in personal injury or other legal cases. This advance helps individuals manage their finances while they are waiting for their legal case to reach resolution.

In the state of Missouri, this process works much like it does everywhere else. The person in need of funds submits an application to a company like LawsuitLoans.io. If the application is approved, the individual can receive a portion of their lawsuit’s potential value right away, which can be used for living expenses, medical costs, or any other financial needs.

Once the case is resolved, if the plaintiff wins, they pay back the loan amount plus fees to the funding company. If the plaintiff loses, they owe nothing. This is particularly helpful to people dealing with lengthy lawsuits who might otherwise have financial difficulties due to a lack of income during this period.

Important Missouri Lawsuit Loan Information

This section provides valuable information about lawsuit loans provided by LawsuitLoans.io locally in Missouri. Our Missouri clients are guided to comprehend their loan amounts, the statutory stipulations, and the state fault laws that control their cases. The following table provides concise data to further enlighten you.

Common Case Types We Fund in Missouri

At LawsuitLoans.io, we provide funding for several types of legal claims. Below, we’ve listed the most common case types we fund in Missouri along with brief descriptions:

• Auto and Other Roadway Accidents: Unexpected accidents can happen on the roads at any time, such as collisions, hit-and-runs, and more. We provide funding to plaintiffs dealing with legal cases resulting from these incidents.
• Premises Liability: If an injury occurs on someone else’s property due to their negligence, we support plaintiffs with funds while their premises liability cases get resolved.
• Medical Malpractice: Cases where a healthcare provider fails to meet the standard of care, causing injury or harm to patients are considered medical malpractice. We aid injured plaintiffs as they navigate through their case.
• Labor Law Claims: For cases involving violations of labor laws, such as unpaid wages or unsafe working conditions, we offer pre-settlement funding.
• Employment Claims: Employment related issues like wrongful termination, harassment or discrimination also fall under our funding scope.
• Other Personal Injury Claims: Any other personal injury cases such as slip-and-fall, dog bites, wrongful death, etc., can also be funded by LawsuitLoans.io.

To learn more about the financial aid we offer against Personal Injury cases and Car Accidents taking place in Missouri, visit our pages: Missouri Personal Injury Loans and Missouri Car Accident Loans.

Am I Eligible for a Lawsuit Loan in Missouri?

The primary question on your mind might be, ‘Am I eligible for a lawsuit loan?’ Here’s the information you need. The fundamental eligibility criteria for lawsuit loans include:

• You should have a valid legal claim against an insurance company, a self-insured company, or a significant public entity.
• Having an attorney is essential because their representation strengthens your lawsuit’s credibility.
• You must be at least 18 years old, as per the age of majority in Missouri, to apply for a lawsuit loan.

If the above conditions apply to you, then you are likely eligible for a lawsuit loan in Missouri. Remember, each case has its unique aspects. Therefore, we encourage you to connect with us directly at LawsuitLoans.io or call our toll-free number (866) 594-1343 for customized advice tailored to your situation. You can also reach us through our application site at LawsuitLoans.io funding application.

Our Missouri Lawsuit Loan Process

If you are involved in a lawsuit, you might be eligible for a lawsuit loan. The path to get these funds is easy and can be broken down into five straightforward steps. These are:

1. Apply online
2. We contact your law firm
3. We review your case
4. You sign a contract
5. You get funds

Let’s walk through an example. Meet Jane, a Missouri resident who has recently filed personal injury lawsuit. Jane needs money while her case is ongoing and turns to LawsuitLoans.io for help.

Jane starts by filling out our online application. Once she submits it, we step in by getting in touch with her law firm to gather more details about her case. Since our decision is based solely on the merits of Jane’s case, this step is important. Upon a thorough evaluation, we believe Jane’s case is strong.

Jane is then offered a lawsuit loan contract, which details the terms including how much she’ll receive and the repayment conditions. After Jane reads the contract carefully and signs it, we send the funds directly to her. She now has the money she needs to cover her living expenses while waiting for the resolution of her legal case.

As you can see, our process is designed to be quick, easy, and transparent. If you’re in need while waiting for your case to be resolved, don’t hesitate to apply for a lawsuit loan with LawsuitLoans.io.

How Much Money Can I Get From my Lawsuit Loan?

Lawsuit loans from LawsuitLoans.io can significantly vary in their amounts. They can range from as low as $500 to as high as $1,000,000 and above. How much you can get depends largely on the expected value of your settlement.

If your case is still in progress, we can advance up to a maximum of 25% of your expected portion of the settlement. When your case has been settled, we’re able to offer as much as 50% of what you’re expected to receive from your settlement.

Let’s use an illustrative example to simplify things. Suppose there’s an Missouri plaintiff involved in a car accident case where the estimated value of the case is $100,000. The case is ongoing and will not settle for some time. Usually, medical service providers get paid about one-third of the total settlement amount. The attorney receives another one-third, leaving around $33,000 for the plaintiff. Based on that amount, we can advance around 25% – which will be approximately $8,250.

What Can I Use the Money From My Lawsuit Loan For?

A lawsuit loan, or pre-settlement funding, provides a financial lifeline for plaintiffs who are waiting for the resolution of their legal case. One question that often arises is how these funds can be spent. Do they have specific requirements, or can they be used freely by the plaintiff?.

The simple answer is that the money you receive from a lawsuit loan can be used for just about anything you need. While each case is unique, there are common ways that recipients use these funds.

Living Expenses

Many recipients use their lawsuit loan for day-to-day living expenses. This could include rent or mortgage payments, utilities, groceries, and even the transportation costs of going to your lawyer’s office. Money from a lawsuit loan ensures you can keep a roof over your head and food on the table while your case is ongoing.

Medical Expenses

In personal injury cases, medical bills can quickly pile up. A lawsuit loan can give you the breathing room you need to pay for these necessary expenses. This could include surgery costs, medication, rehabilitation, and any other treatments that are needed for your recovery.

However, it is important to note that the money received from a lawsuit loan cannot be used to fund litigation or legal case expenses. These include attorney fees or court fees. The purpose of a lawsuit loan is to help the plaintiff cope with the financial strain of a prolonged legal action but not to finance the legal action itself.

Pros and Cons of Pre-Settlement Funding in Missouri

When involved in legal claims, waiting for settlement can be tough. Financial strain often adds to the stress. This is where pre-settlement funding provides relief. However, it’s important to weigh the pros and cons before diving in.

Benefits of Pre-Settlement Funding

The first major benefit is financial relief. With pre-settlement funding, plaintiffs get access to immediate cash to cover their bills while their case is underway. As a result, they are not pressured to settle their case early due to dire financial constraints.

Another advantage is that you gain access to funds much earlier than you would if you waited for case resolution. This could be a boon in cases where the legal process drags on for months or even years.

Furthermore, lawsuit loans from LawsuitLoans.io are non-recourse. This means if you lose your case, you owe nothing back. This benefits individuals who need funding but are wary of the risk.

Costs or Cons of Pre-Settlement Funding

On the downside, pre-settlement funding can come with high rates of interest. These costs might stack up over time, especially if the resolution of your case takes longer than expected.

Another concern is that the industry of lawsuit funding is generally unregulated or under-regulated. This lack of oversight might result in businesses engaging in practices that are unfair to consumers.

Lastly, to qualify for pre-settlement funding, you need to have a well-structured case. Plus, an attorney working on contingency basis must represent you. These requirements can make it difficult for some people to obtain funds.

Major cities we fund in Missouri

As a leading provider of lawsuit loans, LawsuitLoans.io extends its services to a variety of locations. One of our focal points is Missouri, where we offer funding support for plaintiffs in need. Here are the top 10 cities in Missouri by population that we serve:

1. Kansas City
2. St. Louis
3. Springfield
4. Columbia
5. Independence
6. Lee’s Summit
7. O’Fallon
8. St. Joseph
9. St. Charles
10. St. Peters

It doesn’t matter if you’re in one of these cities or anywhere else in the state. If you’re awaiting the resolution of a personal injury or other legal claim in Missouri, LawsuitLoans.io is here to support you. We understand waiting can be tough, but with our financial assistance, you don’t have to do it alone.

Missouri Pre-Settlement Funding FAQs

If you are a resident of Missouri with a personal injury or another legal claim, you might have some questions about pre-settlement funding. We’ve gathered some frequently asked questions (FAQs) to help you understand the process better.

How much does it cost to get a lawsuit loan?

At LawsuitLoans.io, we believe in transparency. The cost of your lawsuit loan will largely depend on the specifics of your case. However, we can assure you that there are no hidden fees or upfront costs. We only get repaid if you win your case or our pre-settlement funding is settled.

Do I qualify for a lawsuit loan?

To qualify for a lawsuit loan, you must have a valid legal claim and an attorney representing you. The exact terms of eligibility vary depending on your case, but generally, you must be involved in a lawsuit and you must have legal representation to qualify.

How much funding can I get?

The amount of pre-settlement funding you can receive is based on the specifics of your case. This includes things like the severity of your injuries and the estimated value of your lawsuit. Once we have evaluated your case, we can provide you with a funding estimate.

For more detailed information, don’t hesitate to reach out to us directly at (866) 594-1343 or through our funding application form.

Cities we Service in Missouri

LawsuitLoans.io provides funding throughout Missouri. See more about our funding in Missouri by visiting the city pages below:

• Kansas City
• St. Louis
• Springfield
• Columbia
• Independence
• Lee’s Summit

Does LawsuitLoans.io Directly Fund Cases in Missouri?

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 Missouri.