New York, New York 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 New York, New York
You may be asking, “What is a lawsuit loan?” Simply put, a lawsuit loan is a financial tool that provides funds to plaintiffs with personal injury and other legal claims. This can bring significant help while they wait for their case to settle. Also known as pre-settlement funding, these are considered non-recourse advances on a plaintiff’s future legal settlement.
This means if you lose your case, you don’t owe us anything. And yes, you heard it right – LawsuitLoans.io funds claims throughout New York. You can learn more about our services by checking out our main New York Lawsuit Loans page.
Let’s illustrate how this works. Imagine a woman named Gloria currently living in New York, New York. She was involved in a slip and fall accident that resulted in severe injuries which affected her lifestyle and her ability to work. As she pursues a legal claim against the at-fault party, she realizes that expenses are piling up and she needs financial help immediately. That’s where we come in.
Gloria visits our website and fills out an application. After reviewing her claim, we evaluate the likely outcome and potential settlement. Once approved, we provide her with the funds she needs to cover her living expenses while she waits for her case to resolve. The best part? If she loses her case, she doesn’t pay us back one cent. That’s how lawsuit loans work.
Being injured should not leave you in a financial bind. At LawsuitLoans.io, we’re here to help when you need it most.
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 New York Lawsuit Loan Information
Lawsuit loans are a useful resource for plaintiffs in the midst of legal proceedings who also need to manage their daily living expenses. These funds act as a cash advance on your eventual settlement or judgment. Following is some significant information regarding lawsuit loans provided by LawsuitLoans.io, along with relevant context regarding the legal climate in New York.
|Average loan amount by LawsuitLoans.io in New York||$24,106.11|
|Largest loan by LawsuitLoans.io in New York||$233,714.08|
|Average semi-annual rate in New York||19.9%|
|Median personal injury verdict in New York||$287,628.00|
|New York statute of limitations||3 Years; Civil Practice Laws and Rules Art. 2 Section 214|
|New York fault laws||New York is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident.|
|New York population, 2020||8,804,190|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in New York
At LawsuitLoans.io, we provide pre-settlement funding for a number of common case types in New York. The following is a brief overview of each:
Auto and Other Roadway Accidents
Motor vehicle accidents, including car, truck, and motorcycle crashes, comprise a large portion of the cases we fund. These involve claims made by plaintiffs who have been injured due to the negligence of another driver.
This includes injuries that occur on someone else’s property due to unsafe conditions. Plaintiffs in these cases hold the property owner accountable for not ensuring their safety.
These claims are against health care providers whose standard of care fell below what is acceptable, resulting in patient harm. It could be a wrong diagnosis, medication error, or surgical mistakes.
Labor Law Claims
We also fund labor law claims – cases where an employer has violated an employee’s labor rights. This can range from wage theft to unlawful termination and discrimination.
Related to labor law claims, employment claims could include situations where employees have been treated unfairly, discriminated against, or faced workplace harassment.
Other Personal Injury Claims
The other types of personal injury claims we fund include slip and fall accidents, product liability cases, and wrongful death lawsuits among others.
Remember, you can get funding as your case progresses with our easy LawsuitLoans.io funding application. Also, reach out to us on our toll free phone number (866) 594-1343 for any queries.
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 New York?
Are you curious whether you qualify for a lawsuit loan? Let us put your mind at ease. At LawsuitLoans.io, our eligibility criteria is quite uncomplicated. We endeavor to provide help to those in need of financial support during their legal proceeding. Here, we offer a simple overview of the primary eligibility standards for lawsuit loans.
Firstly, it is essential for you to have a valid legal claim. This claim can be against an insurance company, self-insured company, or even a large public entity. Simply having a legitimate case puts you a step closer to qualifying for a lawsuit loan.
Secondly, you must have an attorney. This is critical not only in securing your loan but also in ensuring that you get the compensation you deserve. An attorney represents your claim and can certify your need for a loan.
Lastly, it is important that you are at least 18 years old. Therefore, if you fulfill these three main prerequisites: having a valid legal claim, representation by an attorney, and you’re over the age of 18; You may very well be eligible for a lawsuit loan in New York.
Apply today and get funds as soon as the same day you apply!
Our New York Lawsuit Loan Process
Lawsuit loans are a useful form of support for plaintiffs waiting on legal cases to resolve. It’s essential to understand that securing funds from LawsuitLoans.io is not complex. Our process is straightforward and can be broken down into five main steps. Let’s walk through each step in detail.
1. Apply Online
The first step towards getting your lawsuit loan in New York is to apply online. To start this process, simply fill up the form provided at LawsuitLoans.io funding application.
2. Contact with Your Law Firm
Once we have received your application, our team will reach out to your law firm. We do this to gather some necessary details about your case.
3. Case Review
After obtaining the necessary information, our team of experts will review your case thoroughly. This step involves assessing the merits and potential value of your claim.
4. Signing the Contract
If your case is approved, the next stage is contract signing. We will provide you with a contract detailing the terms of the loan, which you should review carefully before signing.
5. Receiving Funds
Once the signed contract is returned, the agreed-upon funds will be deposited into your account. This money can be used as you deem fit, providing much-needed financial relief while you wait for your case to resolve.
Let’s consider an example. Meet John, a New Yorker who has filed a personal injury lawsuit. While awaiting the court’s decision, John finds himself struggling financially due to accumulating medical bills and lost wages. He applies for a lawsuit loan from LawsuitLoans.io, successfully goes through all the steps outlined above and receives the funds he needs to sustain himself until his case resolves.
How Much Money Can I Get From my Lawsuit Loan?
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 cases, we can offer 50% of your expected portion of the settlement.
Let’s take an example: suppose you are a New York plaintiff in a car accident case with a $100,000 estimated settlement value. Your case is ongoing, and it won’t be settled for some time. Once settled, medical providers will receive around 1/3 of the settlement, your attorney will get another 1/3, leaving you with approximately $35,000. In this circumstance, LawsuitLoans.io 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 New York?
Applying for a pre-settlement lawsuit loan is a simple and fast process. Following your application submission, LawsuitLoans.io will review your case. A decision is typically reached within 24 hours. Once approved, the funds can be disbursed to you promptly to help alleviate your financial pressure.
Let’s illustrate this with an example. Suppose you’ve suffered a personal injury and awaiting trial in court. You submit an application today with all pertinent information about your case. The experts at LawsuitLoans.io review your details. By the next day, they reach a decision about your loan approval. If approved, the necessary financial assistance is provided quickly.
This quick turnaround time is especially beneficial during times when you are dealing with medical bills, loss of income, and other related worries. With LawsuitLoans.io, the waiting period becomes more manageable by providing the necessary financial support during pending lawsuit resolution.
Pros and Cons of Pre-Settlement Funding in New York, New York
Pre-settlement funding can be a lifeline for those who are waiting for their legal cases to resolve. It offers many benefits, as well as a few costs that potential customers should consider.
Benefits of Pre-Settlement Funding
The main benefits of pre-settlement funding include:
- Financial Relief: It provides immediate funds to plaintiffs in need, offering financial relief in stressful times.
- Early Access to Funds: Plaintiffs do not have to wait for their case to resolve to access funds. This helps them meet their immediate needs.
- Avoiding Early Settlement Pressure: With financial concerns eased, plaintiffs can avoid the pressure to settle their cases early for lower amounts.
- Non-Recourse Nature: Lawsuit loans are non-recourse, meaning if a plaintiff loses their case, they do not need to pay back the loan.
Costs of Pre-Settlement Funding
The potential costs or cons of pre-settlement funding include:
- High Interest Rates: Pre-settlement funding can come with relatively high interest rates compared to traditional loans.
- Under-regulated Industry: The lawsuit loans industry is generally unregulated or under-regulated, potentially creating risks for consumers.
- Needs a Well Developed Case: To qualify for these loans, plaintiffs must have a strong case and an attorney working on a contingency basis.
Get up to $500,000 with rates as low as 2.5% simple, monthly
New York Pre-Settlement Funding FAQs
In this section, we will provide answers to some of the most frequently asked questions by New York residents about our pre-settlement funding process.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can vary significantly depending on the details of your case, however, at LawsuitLoans.io, we aim to provide affordable and reasonable rates for all our clients. For more detailed information, feel free to contact our team or apply online.
Do I qualify for a lawsuit loan?
If you are a plaintiff in a personal injury or other type of legal case and you have hired an attorney, you generally qualify for a lawsuit loan. No upfront fees or monthly payments are required.
If you have bad credit, can you get pre-settlement funding in New York?
Yes. At LawsuitLoans.io, your credit history does not impact your ability to obtain a lawsuit loan. Our decision is based on the strength of your case, not your financial history.
Apply today and get funds as soon as the same day you apply!