Portland, Oregon 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 Portland, Oregon
If you’re injured and are fighting a legal case, it may take a while for the court to reach a decision. But what would you do if you need money now to cover your medical bills and other expenses? This is where “lawsuit loans” come in.
A lawsuit loan is a cash advance given to an injured plaintiff before their case is resolved. Unlike traditional loans, these are non-recourse advances. This means that you only pay back when you win the case. If you, unfortunately, lose the case, you owe nothing.
Let’s take an example of someone named Amanda. She is a resident of Portland, Oregon. Amanda was an unfortunate victim of a car accident. She filed a personal injury lawsuit but realised it could take months or even years before she could receive any settlement money. Meanwhile, she has hospital bills to pay and other household expenses. So, Amanda applied for a lawsuit loan with LawsuitLoans.io. The cash advance helped her manage her financial needs without worrying about how long it would take for her case to settle.
So, if you are going through a similar situation like Amanda, don’t hesitate. Reach out to us at LawsuitLoans.io funding application or call us on our toll-free number (866) 594-1343.
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 Oregon Lawsuit Loan Information
If you are in a lawsuit in Oregon, you may be wondering about your financial options. Lawsuit loans offer financial support to plaintiffs waiting for their cases to resolve. The table below provides some crucial statistics relevant to lawsuit loans in Oregon.
|Average loan amount by LawsuitLoans.io in Oregon||$15,635.64|
|Largest loan by LawsuitLoans.io in Oregon||$123,059.00|
|Average semi-annual rate in Oregon||20.3%|
|Median personal injury verdict in Oregon||$36,721.00|
|Oregon statute of limitations||2 Years; Chapter 12 Section 12.110|
|Oregon fault laws||Oregon is a “no-fault” state for PIP (Personal Injury Protection) insurance, but also operates under “at-fault” rules for determining who pays for property damage and additional personal injury costs.|
|Portland population, 2020||652,503|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Portland
At LawsuitLoans.io, we provide funding for a variety of legal claims. In Portland and the surrounding area, these are some of the most common case types we fund:
Auto and Other Roadway Accidents
Portland roadways can be dangerous, resulting in accidents that cause severe injuries. From car accidents to truck and motorcycle accidents, we work with plaintiffs seeking claims for their injuries.
Accidents that occur because of unsafe or defective conditions on someone’s property fall under premises liability. We provide monetary support to plaintiffs who have been injured due to property owner’s negligence.
Medical malpractice occurs when a healthcare provider fails to provide the standard of care leading to patient injury. We understand the financial burden it may impose, and we are here to help you financially until your claim is settled.
Labor Law Claims
Victims of unjust labor practices like wage theft, discrimination, and intimidating work environments can apply for funds. We believe in supporting your fight for justice by providing pre-settlement funding.
Denial of rightful compensation, harassment at the workplace, and other unlawful treatment by employers constitute employment claims. As long as you have a valid claim, we’ll aim to provide the funds you need as quickly as possible.
Other Personal Injury Claims
Apart from the ones listed above, we also cater to a range of other personal injury cases like product liability, dog bite injuries, slip and fall, etc. No matter what the situation, if you’re a victim of a wrongful act resulting in injury, reach out to us for financial help.
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 Portland?
In order to qualify for a lawsuit loan in Portland, there are several key eligibility criteria that must be met. The first and foremost requirement is that you need to have a valid legal claim. This legal claim could be against an insurance company, a self-insured company, or even a large public entity.
You must also have an attorney representing you for your case. Having professional representation not only bolsters the strength of your case, but also signals seriousness to potential funding companies.
Lastly, you have to be 18 years or older. Underage applicants are not eligible to apply for a lawsuit loan.
If you meet these qualifications, your chances of obtaining a lawsuit loan from LawsuitLoans.io would be quite favorable. For any further inquiries, do not hesitate to reach out through their application page or directly call them via their toll-free phone number at (866) 594-1343.
Apply today and get funds as soon as the same day you apply!
Our Portland Lawsuit Loan Process
At LawsuitLoans.io, we strive to provide a simple and efficient process for plaintiffs in need of financial support during ongoing legal cases. Our system is designed to make it as straightforward as possible for you to receive funds.
The process consists of five main steps:
- Apply online: Begin by filling out an application on our website. This form will gather basic information about you and your case.
- We contact your law firm: After receiving your application, we reach out to your law firm for further details regarding your lawsuit.
- We review your case: Our team will assess the case based on the information provided by you and your attorney. The strength and potential value of your case will determine whether it qualifies for a lawsuit loan.
- You sign a contract: If approved, you will receive a contract outlining the details of your loan. Read through it carefully, ask any questions, and if you’re comfortable, sign the agreement.
- You get funds: Once the agreement is signed and submitted, we’ll transfer your funds. You’ll have the money you need while waiting for your case’s resolution.
Here’s an example to illuminate how this works. Imagine you’re a plaintiff in a personal injury lawsuit, and you’ve applied for a lawsuit loan through LawsuitLoans.io. After receiving your online application, our team contacts your law firm to gather more information about your case. We review the case’s details, determine its strength and potential worth, and decide to approve the loan. Then, we send you a contract with the terms of the agreement. After you’ve read, understood, and signed the contract, the funds are transferred to you. Now, you can focus on your recovery, knowing that you have the necessary funds to support your needs throughout the legal process.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 up to over $1,000,000. The amount we can advance is dependent on your expected share of the settlement, with different limits if your case has concluded or is still ongoing.
If your case is still in progress, we can provide up to a maximum of 25% of your expected portion of the settlement. For cases that have already settled, we’re able to offer 50% of your expected portion.
Let’s consider an example to better understand this. Imagine a plaintiff in Portland who is involved in a car accident case. The estimated value of this case is $100,000 and it is not expected to settle for a while. In a typical scenario, medical providers receive about 1/3 of the settlement and the attorney takes another third. This leaves around $35,000 for the plaintiff. Based on our guidelines for ongoing cases, we are able to advance around 25% of this amount, which would equate to $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 Portland?
If you’re a plaintiff in need, getting funds from LawsuitLoans.io is a fast process. Once your application has been submitted, our team reviews your case with utmost seriousness. They do this as quickly and efficiently as possible. The goal? To make a decision within 24 hours.
Let’s walk through an example to help you understand better. Let’s say you submit your application on Monday at 9 am. Our team starts reviewing your application right away. At most, you will hear back from us by Tuesday at 9 am. In reality, many clients hear from us even before then!
It’s truly that simple. If you need funding while your legal case is ongoing, LawsuitLoans.io is here to help. This quick process ensures you have the resources you need without any unnecessary delays.
Pros and Cons of Pre-Settlement Funding in Portland, Oregon
In the world of legal cases, pre-settlement funding has become an important tool. It aids plaintiffs in finding financial relief while they wait for their case to be resolved. Let’s take a closer look at both the benefits and costs associated with pre-settlement funding in Portland, Oregon.
Benefits of Pre-Settlement Funding
Pre-settlement funding offers several advantages to plaintiffs. Here’s why it is viewed as a useful solution:
- Financial relief: It enables plaintiffs to pay their bills and meet basic needs during the legal proceedings.
- Early Access to Funds: With pre-settlement funding, the waiting time for funds drastically decreases enabling you to meet your financial obligations timely.
- Avoids Early Settlement Pressure: Since financial stress is reduced, plaintiffs are not pressured into accepting settlements that are below the fair value.
- Non-Recourse Feature: If your case doesn’t win, you don’t have to pay back the loan. This feature, called non-recourse, can give you peace of mind during legal battles.
Costs or Cons of Pre-Settlement Funding
While pre-settlement funding has undeniable benefits, it also comes with certain costs one should be aware of:
- High Interest Rates: Pre-settlement loans tend to have higher interest rates compared to traditional loans.
- General lack of regulation: The pre-settlement funding industry is generally unregulated or under-regulated, which can lead to predatory lending practices.
- Requirement for a Developed Case: To avail of pre-settlement funding, the plaintiff must have a well-developed case with an attorney working on a contingency basis.
In conclusion, it’s important to weigh the pros and cons before deciding on pre-settlement funding. It could offer financial reprieve but must be sought after with complete understanding of its terms.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Portland Pre-Settlement Funding FAQs
If you are a Portland resident exploring pre-settlement funding options, you likely have questions. Here, we tackle some of the most frequently asked questions to help you make an informed decision.
How much does it cost to get a lawsuit loan?
Costs associated with a lawsuit loan can differ based on the specifics of your case. At LawsuitLoans.io, we ensure to offer competitive rates and always strive to provide full transparency about any associated costs upfront.
Do I qualify for a lawsuit loan?
Eligibility for a lawsuit loan primarily depends on the strength of your case. If you have a valid legal claim and a lawyer representing you, you’re likely to qualify for funding from LawsuitLoans.io.
If you have bad credit, can you get pre-settlement funding in Oregon?
Yes, you can. We don’t focus on your credit history. Instead, our main concern is the strength of your case. As long as you have a solid legal claim, even with bad credit, you could qualify for pre-settlement funding.
Apply today and get funds as soon as the same day you apply!