Pittsburgh, Pennsylvania 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 Pittsburgh, Pennsylvania
A lawsuit loan is a non-recourse cash advance that offers financial help to plaintiffs who are awaiting the resolution of their legal case. It provides support to those who have been injured and are currently involved in a personal injury claim or other legal processes.
Essentially, it’s an advance on your potential settlement. The cash advance doesn’t have to be repaid if you lose the case. This is known as “non-recourse,” which means that the funding company cannot ask for the money back if there is no successful settlement. In general, any plaintiff in a legal case who expects to receive a cash settlement may apply for a lawsuit loan.
The funds can be used for living expenses, medical bills, or anything else that is required. The aim is to ease financial pressures during potentially long and drawn-out legal proceedings.
Let’s look at a hypothetical situation with Ashley, a resident of Pittsburgh, Pennsylvania. Imagine Ashley was injured in a car accident through no fault of her own and is now involved in a personal injury case. As she waits for her case to resolve, she struggles with mounting medical bills and living expenses. The lawsuit is taking longer than expected to settle. In this scenario, Ashley decides to apply for a lawsuit loan from LawsuitLoans.io. This boost helps her to manage her costs while she awaits her settlement. Once she receives her lawsuit settlement, she then repays the loan.
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 Pennsylvania Lawsuit Loan Information
This section covers essential facts about lawsuit loans in Pennsylvania. The table below reflects the average and maximum amounts loaned by LawsuitLoans.io, the typical interest rate, median personal injury verdict amounts, and Pennsylvania’s specific regulations about personal injury cases.
|Average loan amount by LawsuitLoans.io in Pennsylvania||$16,773.29|
|Largest loan by LawsuitLoans.io in Pennsylvania||$185,135.00|
|Average semi-annual rate in Pennsylvania||19.9%|
|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.|
|Philadelphia population, 2020||302,971|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Pittsburgh
At LawsuitLoans.io, we fund a variety of case types. Check below to find some of the most common claims we support.
Auto and Other Roadway Accidents
Road accidents like car crashes, motorcycle accidents, truck collisions, or pedestrian incidents often result in injuries that lead to legal claims. If you’re involved in a roadside accident and are awaiting case resolution, we can help provide the financial support you need during this challenging time.
This includes incidents where injuries occur due to unsafe or defective conditions on someone’s property. The most common examples include slip and fall cases, construction site accidents, or accidents at amusement parks. We can fund your lawsuit while you wait for a settlement.
Medical malpractice occurs when a hospital, doctor, or other health care professional, through negligence or omission, causes injury to a patient. If you have filed a medical malpractice claim, reach out to us for financial aid as you await justice.
Labor Law Claims
If you have been wronged regarding wages, working hours, or work conditions, you could have a labor law claim. Lawsuit Loans.io provides pre-settlement financing to help workers fight for their rights.
If you’ve faced wrongful termination, discrimination, retaliation, or harassment in the workplace, you may be pursuing an employment claim. During this difficult period, our financial aid can make sure your personal finances are not affected due to a pending lawsuit.
Other Personal Injury Claims
Aside from the above, we also fund various other personal injury claims. This can range from dog bites, defamation, product defects, wrongful death, and more. Contact us for financial support while you wait for your settlement.
To learn more about the funding we provide, visit LawsuitLoans.io or contact us at (866) 594-1343 for a free consultation.
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 Pittsburgh?
If you are involved in a lawsuit and need immediate cash, you might be thinking about getting a lawsuit loan. But, who is eligible to receive a lawsuit loan? Here are the main eligibility requirements:
- Firstly, the applicant must have a valid legal claim. This could be against an insurance company, a self-insured company, or a big public entity.
- Secondly, the plaintiff, that is the person suing, must have an attorney. The process of obtaining a lawsuit loan involves discussion with your attorney who will communicate with the lawsuit lending company.
- Lastly, the applicant must be at least 18 years old. As it’s a financial agreement, a lawsuit loan requires the applicant to have reached the age of majority which is 18 in most states.
In short, if you meet these three criteria, then you are likely eligible for a lawsuit loan. To begin the application process, please visit our LawsuitLoans.io funding application.
Apply today and get funds as soon as the same day you apply!
Our Pittsburgh Lawsuit Loan Process
If you’re involved in a lawsuit and need access to money before your case is resolved, a lawsuit loan might be the solution. Let’s walk through how the process works at LawsuitLoans.io.
There are five main steps for a plaintiff to get funds:
- Apply online: You start by visiting our website at LawsuitLoans.io funding application
- We contact your law firm: Once we’ve received your application, we’ll get in touch with your law firm for additional information.
- We review your case: Our team will carefully review your case’s details, considering factors such as the likely outcome of your case and its projected value.
- You sign a contract: Once approved, you’ll then sign a contract agreeing to repay us from the proceeds of your future settlement or court award.
- You get funds: You receive the funds either by check or direct bank transfer which can help you manage living expenses or cover medical bills while you wait for your case to resolve.
An example illustrates these steps clearly:
Let’s say Jane Doe is a Pittsburgh resident who has a pending personal injury lawsuit. She doesn’t have savings to cover her living expenses while waiting for her case to get resolved. This is where LawsuitLoans.io can step in.
Jane applies on LawsuitLoans.io funding application. We then contact her law firm to get more information about her case. Based on our review, we find that Jane’s case has a good chance of winning. We offer her a loan against her possible future settlement. Once Jane signs the contract, we then send her the agreed fund amount.
In this way, LawsuitLoans.io provides financial assistance when it’s needed the most, allowing plaintiffs like Jane to focus on their case without worrying about their financial hardships.
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 have the ability to advance up to a maximum of 25% of your expected portion of the settlement if your legal case is still in progress. For cases that have already settled, we can offer up to 50% of your expected settlement portion.
Let’s consider an example for clearer understanding. Assume you are a plaintiff from Pittsburgh involved in a car accident case, which has an estimated value of $100,000. The case is not expected to settle anytime soon. In such scenarios, often medical providers and attorneys each receive about 1/3 of the settlement. This leaves you, the plaintiff, with around $35,000.
Given that your case remains unresolved, LawsuitLoans.io could likely advance around 25% of your expected share. This translates roughly 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 Pittsburgh?
If you are a plaintiff with a personal injury or other legal claim, it is natural to wonder how quickly you can receive funds through a pre-settlement lawsuit loan. The process with LawsuitLoans.io is fast and efficient.
Once your application is submitted through our website at LawsuitLoans.io funding application, we will immediately review your case. In most cases, LawsuitLoans.io makes a decision within just 24 hours!
This means that if you submit your application on a Monday, by Tuesday you could already know the outcome of your pre-settlement lawsuit loan request. It really is that quick!
If your case qualifies, you could receive your funds soon after. Eliminate the financial stress associated with waiting for your legal case to resolve and apply today for a pre-settlement lawsuit loan with LawsuitLoans.io.
Pros and Cons of Pre-Settlement Funding in Pittsburgh, Pennsylvania
Pre-settlement funding provides several benefits to claimants. These include financial relief for those faced with a sudden surge in expenses due to injury or loss, early access to funds when the legal case can take months or even years to resolve, reduced pressure to accept an early but underwhelming settlement just to cover immediate costs, and the non-recourse nature of lawsuit loans, meaning you are not obliged to repay if your case does not win.
However, there are also costs or cons to consider. The interest rates on these loans can be relatively high. Also, it’s worth noting that this is generally an unregulated or under-regulated industry, so claimants need to take care in selecting a reputable source for lawsuit loans. Furthermore, claimants need to have a well-developed case with an attorney working on a contingency basis to qualify for pre-settlement funding.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Pittsburgh Pre-Settlement Funding FAQs
1. How much does it cost to get a lawsuit loan?
A lawsuit loan cost varies based on the amount you borrow, the length of the loan, and the risk associated with your case. At LawsuitLoans.io, we ensure that our rates are competitive and fair. We provide a clear and transparent fee structure with no hidden charges.
2. Do I qualify for a lawsuit loan?
To qualify for a lawsuit loan at LawsuitLoans.io, you must be a plaintiff in an active lawsuit. Your case should have merit and a reasonable expectation of a favorable outcome. Most personal injury cases, wrongful death claims, worker’s compensation cases, etc. can make you eligible.
3. If you have bad credit, can you get pre-settlement funding in Pennsylvania?
Yes. LawsuitLoans.io does not consider your credit score while processing your application for pre-settlement funding. The decision is mainly based on the details of your lawsuit. So even if you have bad credit, you can still apply for a lawsuit loan.
Apply today and get funds as soon as the same day you apply!