Missouri Personal Injury Loans

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

A personal injury lawsuit loan, also known as pre-settlement funding, is a financial instrument that helps plaintiffs cover their expenses. These are provided during the course of their legal case. The unique thing about this type of loan is that it’s directly tied to the outcome of your lawsuit. If you win the case, you repay the loan. But if you lose, you owe nothing.

In Missouri, as in other states, this type of funding works on a contingency basis. That means you need to have a strong case with a high probability of success. This is something your lawyer would decide. Simply said, the stronger your case, the higher chance you’ll be approved for a loan.

Let’s take an example. Imagine you’re a plaintiff in a personal injury case from a car accident in Missouri. Due to the accident, you were unable to work and your savings for daily expenses are dwindling. Moreover, you have encroached lawyer fees that need immediate attention. In such circumstances, a loan from LawsuitLoans.io can be a relief. It will provide the funds you need while you wait for your settlement. Remember, you only repay when and if you win the case.

Missouri Personal Injury Lawsuit Loan Information

If you’re involved in a personal injury lawsuit in Missouri, you should know that funding can assist you while your case is ongoing. Many clients turn to us at LawsuitLoans.io for lawsuit loans during this stressful time. This financial help can make things easier as you wait for your lawsuit to settle.

Am I Eligible For a Personal Injury Lawsuit Loan in Missouri?

If you have suffered an injury due to someone else’s negligence and are awaiting legal resolution, you may be eligible for a lawsuit loan. In Missouri, the eligibility criteria for a personal injury lawsuit loan are relatively straightforward.

Firstly, you must have a valid legal claim against an insurance company, a self-insured company, or a large public entity. This means you are involved in an active lawsuit where you are the plaintiff, and there is a clear evidence of wrongdoing by the defendant.

Secondly, you need to have an attorney representing your case. An attorney not only gives your lawsuit legitimacy but also assures us that your case is being handled correctly.

Finally, you have to be at least 18 years old to be eligible for a lawsuit loan. If you meet these criteria, you can consider applying for a personal injury lawsuit loan.

How Much Money Can I Get From my Personal Injury Lawsuit Loan?

Personal injury 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 personal injury cases, we can offer 50% of your expected portion of the settlement.

Let’s illustrate this point with an example. Assume you are a plaintiff from Missouri handling a premises liability claim with an estimated value of $200,000. You are still receiving treatment for your injuries, and predict that your case might take up another year before it gets resolved. As a common rule, medical providers get approximately 1/3 of the settlement, the attorney gets another 1/3, leaving the plaintiff with around $65,000. In such circumstances, we can advance around 25% of that amount, which would be $16,250.

How Can I Use the Money From my Personal Injury Loan?

If you’re a plaintiff with a pending lawsuit, you may wonder what you can do with the money you receive from a personal injury loan. The good news is, this money can be used to help covering several types of expenses.

Firstly, you may use the funds from a personal injury loan to handle your living expenses. This could include several things ranging from mortgage or rent payments, food and utility bills. Other expenses like clothing, transportation, or even child care costs can also be covered.

Medical expenses are another area where these funds can be truly beneficial. This can pay for surgeries, therapies, medications, or other healthcare needs that your insurance may not cover.

However, there is an exception in how plaintiffs can use the funds from a personal injury loan. It’s important to note that these funds CANNOT be used to cover litigation or legal case expenses.

Most Common Personal Injury Claims we Fund in Missouri

At LawsuitLoans.io, we provide funding for a variety of case types in Missouri. Here are the most common lawsuits we support:

• Car Accidents: These are incidents where someone is injured due to a motor vehicle crash. The damages can be physical or material.
• Commercial Vehicle Accidents: Accidents involving commercial vehicles, like trucks or buses, usually result in severe injuries and high claim payouts.
• Roadway Incidents: This covers any accident on the road that is not limited to vehicles, such as pedestrian or bicycle accidents.
• Premises Liability Claims: These claims arise when an injury happens on someone else’s property due to negligence. This includes slip and fall accidents, which are very common.
• Medical Malpractice: When healthcare providers fail to meet the standards of care and cause harm to patients, victims can file for medical malpractice claims.
• Work Injuries: These injuries occur while on the job. Depending on circumstances, it may lead to a worker’s compensation claim.
• Slip and Fall Claims: These are when people get injured due to tripping, slipping, or falling, typically as a result of unsafe conditions on a property.
• Dog Bite Lawsuits: Dog owners are usually held liable when their pets cause injury to other people.
• Wrongful Death Claims: If someone’s negligence causes another person’s death, the surviving family can file a wrongful death claim.
• Police Misconduct: These lawsuits come about when police officers abuse their power and thus violate an individual’s civil rights.
• Other Personal Injury Claims: Any other claims where a person is injured due to someone else’s negligence also usually qualify for funding from LawsuitLoans.io.

Have any of these types of accidents happened to you? Get the financial support you need while your case resolves. Apply today at our LawsuitLoans.io funding application.

Our Personal Injury Loan Process

One of the services we offer at LawsuitLoans.io are lawsuit loans, and our process is straight forward and designed with our clients in mind. If you are a plaintiff with a personal injury claim or other legal claims, you may be eligible to receive funds while you wait for your legal case to resolve. Here are the five main steps:

1. Apply online. The process begins when you complete and submit your application on our website. This can be done easily by visiting this link.
2. We contact your law firm. After we receive your application, our team reaches out to your law firm to gather additional details about your case.
3. We review your case. Based on the information provided by your law firm, we evaluate the strength of your case and your likelihood of succeeding in court.
4. You sign a contract. If your loan is approved, you’ll need to sign a contract agreeing to the terms and conditions of the loan.
5. You get funds. Once the contract is signed, we release the funds. These funds can be used for living expenses, medical bills, or any other costs you might have during your lawsuit.

To help further illustrate this process, consider the following example. Say you’re a plaintiff involved in a car accident where the other driver was at fault. You sustained injuries and thus unable to work. After filing your suit, you discover that the legal process is longer than expected. Meanwhile, bills are stacking up. This is where a lawsuit loan from LawsuitLoans.io comes in. You fill out the application form and we promptly begin the process to help you secure a loan against your pending personal injury settlement, providing you with the necessary financial support during this difficult time.

Why Choose LawsuitLoans.io for Pre-settlement and Post-settlement Injury Loans

If you’re waiting for your personal injury case to close, consider getting interim funds from LawsuitLoans.io. Here’s why:

• Competitive Rates: We offer low, simple rates starting at just 2.5% per month. No hidden fees, no surprises. Just straightforward and affordable funding.
• Fast Approval: At LawsuitLoans.io, we understand your need for quick cash. That’s why we offer approval as fast as the same day you apply through our online application.
• Capped Repayment: Unlike other lenders, our interest stops accruing after a certain date. This means your financial obligation won’t snowball indefinitely, giving you peace of mind.
• Transparency: We believe in making things clear for our clients. From the application process to your repayment terms, every step is transparent. We put our clients first in everything we do.

Your lawsuit may take time to resolve, but support from LawsuitLoans.io can provide some relief along the way.

Missouri Pre-Settlement Funding FAQs

In this section, we answer some frequently asked questions (FAQs) by Missouri residents regarding our lawsuit loans and pre-settlement funding:

How much do personal injury advances cost?

There isn’t a one-size-fits-all answer to this question as each case is unique. The cost of a personal injury advance depends on several factors including the potential value of your case, the expected time until settlement, and the risk of the case. Consult with us at LawsuitLoans.io or call us at (866) 594-1343 for a detailed discussion.

Do I qualify for a lawsuit loan?

Qualifying for a lawsuit loan primarily depends on the merits of your legal claim. If you have a personal injury claim or another type of lawsuit and have hired an attorney, chances are you would qualify. You can start the process by filling out our funding application.

Is pre-settlement funding worth it?

The benefits of pre-settlement funding vary depending on individual circumstances. For many, it provides much-needed funds to cover living expenses while they wait for their case to resolve. It allows plaintiffs to resist pressure to accept low-ball settlement offers out of financial desperation. However, considerations should be given as it comes at a cost. Feel free to contact us to discuss whether it’s a right fit for you.

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.