Pennsylvania Personal Injury 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 is a Personal Injury Lawsuit Loan and How Does it Work in Pennsylvania
A personal injury lawsuit loan, or pre-settlement funding, is a financial tool available to plaintiffs with ongoing claims. Individuals who have suffered personal injuries due to someone else’s negligence often find themselves facing hefty medical bills, lost income, and other expenses while they wait for their case to reach a conclusion. A personal injury lawsuit loan from LawsuitLoans.io provides these plaintiffs with financial relief.
The way it works is simple. If you have an active personal injury lawsuit in Pennsylvania, you apply for a lawsuit loan by filling out an application located at LawsuitLoans.io funding application. After taking into consideration the strength of your case, potential settlement amount, and other factors, LawsuitLoans.io may approve your application for pre-settlement funding. This is not a traditional loan; if you lose your case, you owe nothing.
Consider, for example, a plaintiff involved in a serious car accident. Despite the accident being no fault of their own, they may face a lengthy court process until they receive their settlement amount. Time off work, mounting medical bills, and basic living expenses can add considerable stress to the already traumatizing scenario. Here, a pre-settlement personal injury lawsuit loan can provide funds for immediate financial relief, allowing the plaintiff to focus on their recovery and legal battle rather than immediate financial concerns.
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.
Pennsylvania Personal Injury Lawsuit Loan Information
In Pennsylvania, LawsuitLoans.io provides helpful funds to plaintiffs with personal injury claims. While they wait for their cases to resolve, we offer much-needed financial support. Here’s a snapshot of personal injury lawsuit loan information specific to Pennsylvania.
|Average personal injury loan amount by LawsuitLoans.io in Pennsylvania||$7,959.78|
|Largest personal injury loan by LawsuitLoans.io in Pennsylvania||$45,247.96|
|LawsuitLoans.io average semi-annual rate for personal injury loans in Pennsylvania||20.8%|
|Median personal injury verdict in Pennsylvania||$15,000 to $45,000|
|Pennsylvania statute of limitations||2 Years; 42 Penn. Cons. Statutes Section 5524|
|Pennsylvania fault laws||Pennsylvania is a “choice no-fault” state, allowing drivers to choose between a “no-fault” policy and a traditional “at-fault” policy.|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Am I Eligible For a Personal Injury Lawsuit Loan in Pennsylvania?
When considering a personal injury lawsuit loan in Pennsylvania, it is crucial to understand the eligibility criteria. Most importantly, the applicant must have a valid legal claim. This claim could be against an insurance company, a self-insured company, or a large public entity.
In addition to having a valid claim, the person seeking funding from LawsuitLoans.io must have an attorney representing them in their lawsuit. This helps ensure that the legal process is followed and increases the chances of a successful claim.
Finally, the applicant has to be 18 years old or older. This age requirement ensures that the person applying for funding can legally enter into a contract with LawsuitLoans.io.
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.
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 consider an example. Suppose there is a plaintiff in Pennsylvania who is pursuing a premises liability claim with an estimated value of $200,000. The client is still receiving treatment for their injuries, and the case may take another year to resolve. Based on standard division, medical providers would receive around 1/3 of the settlement, the lawyer would also get 1/3, leaving the plaintiff with approximately $65,000. In this scenario, we could potentially advance about 25% of that amount, which equates to $16,250.
Apply today and get funds as soon as the same day you apply!
How Can I Use the Money From my Personal Injury Loan?
If you’re a plaintiff in a personal injury case, you might wonder how you can use the funds from a lawsuit loan. It’s quite straightforward – LawsuitLoans.io allows you to use the funds virtually any way you need to.
Think of basic living expenses. Rent, groceries, utilities, car payments – these are all bills that don’t stop when you’re dealing with a legal case. A lawsuit loan can help cover these costs. You’ll be able to keep your life on track without worrying about making ends meet.
Then there are medical expenses. These can skyrocket quickly in personal injury cases. Whether it’s surgeries, physical therapy, or medications, these costs can be daunting. The funds from a lawsuit loan can be used to cover these medical expenses, providing relief and reducing stress.
However, there’s one thing you cannot use the funding for – litigation or legal case expenses. The lawsuit loan is designed to assist you personally, not to finance your ongoing lawsuit.
Most Common Personal Injury Claims we Fund in Pennsylvania
In Pennsylvania, we fund a wide range of personal injury claims. Here’s a brief overview of some common types of cases we fund.
Car Accidents: Pennsylvania sees many car accident claims each year. If you suffer injuries due to another driver’s negligence, you may qualify for funding.
Commercial Vehicle Accidents: Commercial vehicle accidents can involve trucks or buses. They often result in serious injuries and extensive claims.
Premises Liability Claims: Premises liability claims arise when property owners fail to keep their premises safe, resulting in injuries.
Medical Malpractice: In cases of medical malpractice, health care providers may have caused harm through negligence or misconduct.
Work Injuries: Work-related injuries can occur in any job. We can help fund your claim while you focus on recovery.
Slip and Fall Claims: Slip and fall claims are common and can occur on private or public property.
Dog Bite Lawsuits: Dog bites can cause significant harm and result in sizable claims.
Wrongful Death Claims: Wrongful death claims arise from fatal injuries caused by someone’s negligence or intentional actions.
Police Misconduct: Claims of police misconduct often involve violations of civil rights.
In addition to the above, we fund almost any personal injury claim. So if you have a different type of claim not listed here, we encourage you to reach out. We’re here to help.
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.
Our Personal Injury Loan Process
In lawsuit loan funding, the plaintiff follows five simple steps to get the money they need. Below is how the process works:
- Apply Online: You fill out a form on our website to apply for a lawsuit loan.
- We Contact Your Law Firm: Next, we get in touch with your law firm to discuss your legal case.
- We Review Your Case: Our team of professionals thoroughly reviews your case to determine if you qualify for the loan.
- You Sign a Contract: Once your application is approved, we send you a contract which you will sign and return to us.
- You Get Funds: Following completion of the contract, we promptly release the funds to you.
Let’s examine a scenario where a plaintiff with a personal injury claim goes through this process. Imagine John, who was in a car accident and got injured. While he waits for his legal case to resolve, he decides to apply for a lawsuit loan. He visits LawsuitLoans.io and completes the online application form. Our team contacts John’s law firm for additional details about the case. After a thorough review, we find that John qualifies for a pre-settlement loan. We then send him a contract to sign, and once he returns it to us, John gets the funds he needs to manage his expenses while his case is ongoing.
Why Choose LawsuitLoans.io for Pre-settlement and Post-settlement Injury Loans
If you’re seeking a reliable source for pre-settlement or post-settlement injury loans, look no further than LawsuitLoans.io. We distinguish ourselves in this competitive industry with a combination of key qualities that focus on the needs of our clients.
First and foremost, we believe in affordability. Our rates are simple and low, starting at just 2.5% per month. This makes our services accessible to a wide variety of clients who may need financial support during their ongoing legal battles.
Speed is also paramount in our service delivery. We understand that when you’re dealing with a legal case, time is often of the essence. That’s why we strive to make our loan approval processes as quick as possible. In fact, we can offer fast approval as soon as the same day that your application is submitted.
Additionally, we have a refreshing approach when it comes to our repayment terms. Unlike some firms, our interest ceases to accrue after a specific date, meaning your repayment terms are capped and won’t drag on indefinitely. This reduces the financial stress on our clients and allows them to focus more on their cases.
Finally, our key to success is our commitment to transparency and a client-first approach. We’re honest about our terms, and we endeavour to ensure that our clients are fully informed at every stage of the process.
In conclusion, LawsuitLoans.io truly stands out as an ideal choice for pre-settlement and post-settlement injury loans, prioritizing affordability, speed, capped repayment, and transparency. Choose us to experience a different, more client-focused approach to pre-settlement funding.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Pennsylvania Pre-Settlement Funding FAQs
This section aims to answer some of the frequently asked questions (FAQs) by Pennsylvania residents about pre-settlement funding. We cover points from cost, qualification, to value.
How much do personal injury advances cost?
The cost of personal injury advances depends on various factors including the amount borrowed, the length of time until your settlement, and the risk associated with your case. An important factor to remember is that you only repay the amount borrowed if you win your lawsuit. If you lose, you keep the funds and have no obligation to repay.
Do I qualify for a lawsuit loan?
To qualify for a lawsuit loan in Pennsylvania, you need a valid personal injury claim or any other legal claim. It’s also necessary to have an attorney representing you in your case. Finally, your ability to secure a lawsuit loan depends on the law firm’s assessment of your case’s strength and potential settlement value.
Is pre-settlement funding worth it?
This often comes down to individual circumstances. For plaintiffs waiting for their court case to resolve, it can be stressful and financially challenging. Therefore, the assistance provided by pre-settlement funding can indeed be worth it. However, it’s crucial to understand the related costs and terms before deciding whether to pursue this funding option.