Lee’s Summit, Missouri 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 Lee’s Summit, Missouri
A lawsuit loan, also known as pre-settlement funding, is a cash advance given to a plaintiff while they await the resolution of their legal case. If you’re an injured plaintiff, it serves as a financial lifeline to help you pay for bills, rent, and other expenses while your lawsuit is being settled. Fundamentally, these loans are non-recourse advances, meaning we only get paid back if your case wins.
Picture this example. Jeffrey, a resident of Lee’s Summit, Missouri gets injured in a car accident due to someone else’s negligence. With his personal injury claim proceeding, he finds himself struggling to incoming bills. Applying for a lawsuit loan from LawsuitLoans.io, Jeffrey gets the financial help he needs to tide him over before his case settles. This way, he doesn’t have to settle for less than his case is worth just because of immediate fiscal constraints.
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 Missouri Lawsuit Loan Information
Securing a lawsuit loan can offer a much-needed financial lifeline to individuals engaged in ongoing legal disputes. Particularly in personal injury cases, plaintiffs often face mounting bills and financial pressure while awaiting the resolution of their case. LawsuitLoans.io offers pre-settlement funding to alleviate this strain, providing plaintiffs with the funds they need now, drawn from the anticipated settlement of their legal claim. Below, you’ll find a summary of important information regarding our lawsuit loans in Missouri.
|Average loan amount by LawsuitLoans.io in Missouri||$7,768.28|
|Largest loan by LawsuitLoans.io in Missouri||$22,500.00|
|Average semi-annual rate in Missouri||18.0%|
|Median personal injury verdict in Missouri||$31,000.00|
|Missouri statute of limitations||5 Years; Mo. Rev. Stat. § 516.097|
|Missouri fault laws||Missouri is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.|
|St. Louis population, 2020||101,108|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Lee’s Summit
At LawsuitLoans.io, we understand the financial pressures that come with legal proceedings. That is why we are committed to providing pre-settlement funding to a wide range of case types. Below are some of the most common cases we fund in Lee’s Summit.
Auto and Other Roadway Accidents
We provide funding for cases related to auto and other roadway accidents. These are typically incidents where one party has been injured due to the negligence or recklessness of another party on the road.
We also fund premises liability cases. These involve scenarios where an injury has occurred on someone else’s property due to their failure to maintain a safe environment.
Medical malpractice suits are another area we finance. In these cases, a healthcare provider’s negligence leads to patient harm or injury.
Labor Law Claims
LawsuitLoans.io provides funding for labor law claims. These involve situations where workers’ rights are violated, such as unpaid wages, workplace discrimination, or unfair work practices.
In addition, we support employment claims. This encompasses a broad range of disputes including wrongful termination, wage differences, and other forms of employer misconduct.
Other Personal Injury Claims
Finally, we offer funding for various other personal injury claims. These are situations where the negligence or intent of another party has led to personal harm or damage.
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 Lee’s Summit?
If you’re considering a lawsuit loan as a solution to financial troubles while waiting for your legal case to resolve, you’ll need to meet certain criteria. Let’s take a look at the necessary requirements one must fulfill to become eligible for a loan from LawsuitLoans.io.
- Valid Legal Claim: First and foremost, you must have a valid legal claim against an insurance company, self insured entity, or large public entity. This means that you are involved in a lawsuit where you are seeking damages due to some form of negligence or misconduct by the said entities.
- Legal Representation: It’s necessary to already have an attorney handling your case. Lawsuit loan providers need to work directly with these legal professionals to assess the potential outcome and value of your claim. Having an attorney proves that you are serious about your lawsuit and increases your chances of securing a lawsuit loan.
- Age Requirement: Lastly, due to legal reasons, all applicants must be 18 years old or older. This is a standard requirement for any financial agreement, and lawsuit loans are no exception.
In summary, if you have a valid legal claim, have an attorney, and are at least 18 years old, then you may be eligible for a lawsuit loan in Lee’s Summit. Feel free to contact us at LawsuitLoans.io or call us toll-free at (866) 594-1343 for further information or visit LawsuitLoans.io funding application to start your application process.
Apply today and get funds as soon as the same day you apply!
Our Lee’s Summit Lawsuit Loan Process
If you’re a plaintiff with a pending legal claim, you may be eligible for a lawsuit loan from LawsuitLoans.io. This article will give a simple and clear overview of the process and steps required to apply for and receive funds.
The process of getting a lawsuit loan involves five main stages:
- Apply online via our website.
- We contact your law firm to gather details of your case.
- Our experts thoroughly review your case’s validity and potential value.
- If the case is approved, you sign a funding contract.
- Once the contract is signed, you get the funds transferred as per the agreement.
Now, let’s illustrate how this process flows with an example: Suppose John has a personal injury claim pending in court. He needs financial support to cover his living expenses while waiting for the case to get resolved. John visits our website, LawsuitLoans.io, and applies for a lawsuit loan. After application, we contact his law firm to review his case information. Based on our analysis and the merits of his case, we decide to fund his lawsuit. Upon agreeing to the terms on the contract and signing it, John gets the funds transferred to him. The process is as straightforward and hassle-free as that.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. Depending on your case, we can advance a significant portion of your expected settlement. If your case is still ongoing, we can provide up to 25% of your anticipated share of the settlement.
For cases that have already been settled, we can offer up to 50% of your expected portion of the settlement. To give you an idea, let’s consider a hypothetical case. Suppose you are a plaintiff from Lee’s Summit, involved in a car accident case. Let’s say the estimated value of this case is $100,000, and it’s not expected to settle for a while.
In general, medical providers receive about 1/3 of the settlement, attorneys get another third, and that leaves roughly $35,000 for the plaintiff. In such a scenario, we could potentially advance about 25% of your portion, which would be $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 Lee’s Summit?
If you are a plaintiff waiting for your legal case to resolve, we understand that you may need financial assistance right away. At LawsuitLoans.io, we prioritize quick and efficient service to make sure you get the funds you need as soon as possible.
Once your application is submitted, LawsuitLoans.io immediately reviews your case. Our expert team goes through every aspect of your claim meticulously. The goal is to understand and assess the strength of the case you’ve presented. This comprehensive review allows us to make a fair decision about your eligibility for a pre-settlement lawsuit loan.
The best part is, we guarantee a decision within 24 hours of your application being submitted. That means if you apply today, you could potentially have the funds you need by this time tomorrow. Imagine not having to worry about paying bills or dealing with financial stress while waiting for your legal case to resolve.
For example, let’s say you were involved in a personal injury case in Lee’s Summit. You may have been out of work for a while and are struggling with medical bills and regular living expenses. Once you submit your application with all necessary details, we start our review process immediately. By the end of the following day, you will know if you’re approved to receive a pre-settlement lawsuit loan. If you’re approved, the funds will be directly transferred to your account.
In short, getting a pre-settlement lawsuit loan from LawsuitLoans.io in Lee’s Summit is fast, reliable and stress-free.
Pros and Cons of Pre-Settlement Funding in Lee’s Summit, Missouri
Choosing to seek pre-settlement funding comes with both benefits and costs. It is essential to understand what you may gain from this arrangement and any potential drawbacks it may involve.
Benefits of Pre-settlement Funding
The primary advantage of pre-settlement funding is immediate financial relief. If you are dealing with the aftermath of an accident or injury and caught up in a legal case, it’s likely you’ve experienced some significant financial stress. The ability to access funds as soon as possible can alleviate these expenses.
Another significant benefit is avoiding pressure to accept early settlements. Without financial pressure looming over you, you’re able to wait for the legal process to play out and possibly receive a more favorable decision or settlement.
Moreover, pre-settlement funding has a non-recourse nature. This means if you lose your case, you don’t owe anything back.
Cons of Pre-settlement Funding
On the flip side, there are some challenges or disadvantages to utilizing lawsuit loans. The foremost among these is high interest rates. The rates are considerably higher due to the risk taken by the funding company. This cost should be kept in mind when considering whether or not to apply for such a loan.
Another drawback lies in the regulation, or lack thereof, of this industry. It is far less regulated than traditional lending sectors, meaning you must take extra care in reviewing contracts and terms of agreement.
Lastly, to qualify for pre-settlement funding, you need a well-developed case with an attorney working on a contingency basis. This can limit the accessibility to many individuals who don’t meet this condition.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Lee’s Summit Pre-Settlement Funding FAQs
We often get questions from Lee’s Summit residents regarding pre-settlement funding. Here, we answer some of the most common inquiries.
How much does it cost to get a lawsuit loan?
The cost of acquiring a lawsuit loan varies depending on multiple factors such as your case’s worth, your expected settlement, and the risk assessment by the lawsuit loan company. It’s crucial that before engaging in any agreement, you understand all the costs involved.
Do I qualify for a lawsuit loan?
Qualifying for a lawsuit loan mainly depends on the merit of your case. If you have a strong case that is likely to win, then you are highly likely to qualify for a lawsuit loan.
If you have bad credit, can you get pre-settlement funding in Missouri?
Absolutely! At LawsuitLoans.io, we believe that your credit score shouldn’t influence your ability to get the justice you deserve. Our main concern with pre-settlement funding is the strength of your case, not your personal finances.
Apply today and get funds as soon as the same day you apply!
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.