New Jersey Lawsuit Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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Important New Jersey Lawsuit Loan Information
Below is a brief overview of some key details related to lawsuit loans in New Jersey. For specifics on how LawsuitLoans.io can help with your legal funding needs in this state, please refer to the table.
| Average loan amount by LawsuitLoans.io in New Jersey | $19,009.68 |
| Largest loan by LawsuitLoans.io in New Jersey | $117,096.62 |
| Average semi-annual rate in New Jersey | 20.7% |
| Median personal injury verdict in New Jersey | $31,000.00 |
| New Jersey statute of limitations | 2 Years; N.J. Stat. Ann. § 2a:14-1 |
| New Jersey fault laws | New Jersey is a “choice no-fault” state, allowing drivers to choose between a “no-fault” policy and a traditional “at-fault” policy. |
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.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We can provide funds up to a maximum of 25% of your expected share of the settlement if your case is still in progress. For cases that are already settled, we can offer up to 50% of your awarded portion of the settlement.
Let’s consider an example of a plaintiff in New Jersey involved in a car accident case. The estimated value of the case is $100,000, and it is not expected to settle for some time. Usually, medical providers get about a third of the settlement amount while the attorney receives another third of the amount. This leaves the plaintiff with approximately $33,000. In this scenario, LawsuitLoans.io could advance about 25% of the plaintiff’s portion, which would be around $8,250.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Common Case Types We Fund in New Jersey
We provide financial support to various legal claims in New Jersey. Here’s a list of the most common cases we fund.
- Auto and Other Roadway Accidents: It covers incidents involving motor vehicles on the road. This includes car accidents, bicycle and pedestrian accidents as well.
- Premises Liability: This is when injuries occur on someone else’s property due to their negligence in maintaining a safe environment.
- Medical Malpractice: Cases where health care providers cause injury to patients through negligence or omission during treatment fall under this category.
- Labor Law Claims: These involve disputes related to work, including wage theft and workplace violations.
- Employment Claims: It deals with issues like workplace discrimination, wrongful termination and harassment at work.
- Other Personal Injury Claims: Any situation where an individual sustains injuries due to someone else’s wrongdoing or negligence is considered a personal injury claim.
Interested parties can find further information on these cases by visiting New Jersey Personal Injury Loans and New Jersey Car Accident Loans.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Lawsuit Loan in New Jersey?
To apply for a lawsuit loan in New Jersey, there are certain conditions you need to meet. The main rules are as follows:
- You must have a valid legal claim. This could be against an insurance company, a self-insured company, or a large public entity.
- You must have an attorney. Your case should not be self-presented. Your lawyer will play a key role in your lawsuit loan application process.
- You must be at least 18 years old. This is a legal requirement. If you are under 18, you cannot apply for a lawsuit loan.
These conditions are the primary criteria for eligibility. However, the final decision depends on the details of your case and the assessment of LawsuitLoans.io.
Get Started
Apply today and get funds in as little as 24 hours!
What Can I Use the Money From My Lawsuit Loan For?
As a plaintiff who has applied for a lawsuit loan, you may wonder what exactly you are permitted to use the loan funds for. The simple answer is that you can use these funds for virtually any purpose that pertains to your everyday living expenses and medical expenses.
When receiving a lawsuit loan from LawsuitLoans.io, you are allowed to freely use them towards necessities such as rent or mortgage payments, transportation costs, groceries, utilities, and child care expenses. These funds can essentially help you keep your life on track financially while waiting for your legal case disposition.
Besides living expenses, the loan funds can also be used towards covering your medical expenses. This includes doctor consultations, prescription medications, surgeries, physiotherapy sessions, and other healthcare services which you may require due to your personal injury or another legal claim.
It is crucial to understand, though, that there’s one exception to these usage guidelines. You cannot spend your lawsuit loan funds expressly for litigation or any other legal case expenses. Other than this single restriction, you have complete flexibility in how you utilize the loan money provided by LawsuitLoans.io.
New Jersey Pre-Settlement Funding FAQs
Whether you’re new to lawsuit loans or not, everyone has questions. We’ve compiled some of the most frequently asked questions by New Jersey residents. These questions involve costs, qualification, and funding amounts. Let’s address them one by one.
How much does it cost to get a lawsuit loan?
The cost of getting a lawsuit loan varies based on several factors including the total amount of the loan, the type of lawsuit, and the expected duration until settlement. LawsuitLoans.io prides itself on providing straightforward and clear pricing information to all clients.
Do I qualify for a lawsuit loan?
To qualify for a lawsuit loan with LawsuitLoans.io, you must be a plaintiff in an active lawsuit and have a lawyer representing you. There is no need for credit checks or employment verification. We base our decision mainly on the merits of your case.
How much funding can I get?
The amount you can receive as a lawsuit loan varies greatly depending on numerous factors, which primarily include the potential settlement amount of your case. Once we review and understand the details of your case, we will be able to provide a better estimation of the funding you could receive.
Get $500 – $500,000 in as Little as a Single Business Day!
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 business day.
Cities we Service in New Jersey
LawsuitLoans.io provides funding throughout New Jersey. See more about our funding in New Jersey by visiting the city pages below:
Cases we Fund in New Jersey
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Jersey. Read more about the personal injury cases we fund in New Jersey here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in New Jersey here: