Aberdeen, South Dakota 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 Aberdeen, South Dakota
A lawsuit loan, otherwise known as pre-settlement funding, is a way for injured plaintiffs to obtain an advance on their future legal settlement. This kind of financial assistance can be extremely helpful for those awaiting the resolution of their case, providing necessary funds to cover urgent expenses.
You should understand, these are non-recourse loans. That’s because you only have to repay them if your case successfully settles. If you lose the case, you owe nothing. LawsuitLoans.io provides this service throughout South Dakota, helping people when they need it most. For more information specific to your state, please check our main South Dakota Lawsuit Loans page.
Let’s consider a hypothetical situation: Meet Christian, a resident of Aberdeen, South Dakota. He got into a car accident and was seriously injured. While Christian started his legal proceedings for personal injury compensation, he found himself struggling with medical bills and living costs as his lawsuit was still unresolved.
In such a scenario, Christian decided to apply for a lawsuit loan from LawsuitLoans.io. He filled out the application online, received approval, and had access to the funds he needed to meet his immediate financial commitments. Even better, Christian knew he’d only need to repay the loan if his case was successful and resulted in a settlement.
This way, a lawsuit loan could aid Christian in getting through a financially tough time while waiting for his case to settle. For many people like Christian in Aberdeen, and throughout South Dakota, our lawsuit loans can be a lifeline in difficult times.
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 South Dakota Lawsuit Loan Information
As you consider your options for lawsuit loans in South Dakota, the data presented in the table below provides an insightful overview. These figures pertain to the average loan amounts, median personal injury verdicts, and various legal aspects relevant to South Dakota. Remember, our team at LawsuitLoans.io is here to guide and support you through this process.
|Average loan amount by LawsuitLoans.io in South Dakota||$27,089.67|
|Largest loan by LawsuitLoans.io in South Dakota||$62,469.00|
|Average semi-annual rate in South Dakota||20.8%|
|Median personal injury verdict in South Dakota||$31,000.00|
|South Dakota statute of limitations||3 Years; Title 15 Ch. 2 Section 15-2-14|
|South Dakota fault laws||South Dakota is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.|
|Spearfish population, 2020||28,495|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Aberdeen
There are several common case types that we fund at LawsuitLoans.io in Aberdeen. Here, we cover some of those cases and provide a brief overview of each type.
Auto and Other Roadway Accidents
We often fund auto and other roadway accidents. These are incidents that occur on roads and highways, and they typically involve cars, motorcycles, buses, trucks, or pedestrians. In many of these cases, neglect or reckless driving contributes to the accident.
Premises liability is another type of case that we often fund. These are incidents where someone gets hurt on someone else’s property because of unsafe or defective conditions. This can include slip and fall accidents, inadequate maintenance, or negligent security.
Medical malpractice cases are where healthcare providers fail to meet established standards of care, resulting in injury or harm to patients. They form another significant chunk of cases we provide funds for.
Labor Law Claims
Labor law claims refer to disputes between employees and employers regarding wage and hour violations, discrimination, and workplace safety. Such issues can lead to lawsuits and we help plaintiffs manage their finances while waiting for resolutions.
Employment claims encompass a variety of issues such as harassment, wrongful termination, and breach of contract. LawsuitLoans.io assists by providing pre-settlement funding for such cases.
Other Personal Injury Claims
Besides the ones mentioned above, we fund a variety of other personal injury cases. These can range from dog bites to product defects, and from nursing home abuse to assault and battery. If you’re facing any such legal battle, we’re here to 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 Aberdeen?
If you have found yourself asking this question, you’ve come to the right place. Lawsuit loans are designed to provide you with the financial support you need while you wait for your legal case to resolve. But not everyone can apply – there are certain eligibility criteria you have to meet. Let’s briefly go over these qualifications so that you can determine if a lawsuit loan may be an option for you.
Firstly, the core criterion is that you must have a legitimate legal claim. This could be against an insurance company, a self-insured company, or a large public entity. The purpose of a lawsuit loan is to support plaintiffs who are locked in a legal battle and need financial help before their case concludes. Therefore, having a valid legal claim is an essential prerequisite.
Secondly, you should be represented by an attorney. LawsuitLoans.io works directly with your attorney to review your case and determine the amount of funding you may receive. Your attorney also plays a crucial role in your lawsuit loan process, so you must have one.
Finally, you must be at least 18 years old. Being an adult is a legal requirement to enter into a contract, and a lawsuit loan is a type of contract. Therefore, anyone seeking a lawsuit loan needs to be at least 18 years old.
Now that you know the primary eligibility criteria, you can start determining whether a lawsuit loan might be a viable solution for your financial needs while your case is pending.
Apply today and get funds as soon as the same day you apply!
Our Aberdeen Lawsuit Loan Process
If you’ve been a victim of personal injury or injustice, waiting for a legal outcome can be tough. Life’s costs don’t wait, but luckily lawsuit loans can help. Our Aberdeen lawsuit loan process allows plaintiffs to get funds to help with expenses until the legal suit resolves. Let’s walk you through this process.
Step 1: Apply Online
The first step is to apply online at our website LawsuitLoans.io. It’s fast, easy, and free. The application asks for basic information about your case and your attorney’s contact details.
Step 2: We Contact Your Law Firm
After submitting your application, we will contact your law firm for more details. This helps us understand your case better to make decision on your funding request.
Step 3: We Review Your Case
Once we have all the information, our team of experts reviews your case. They look at different factors like the strength of your claim and the expected settlement amount.
Step 4: You Sign a Contract
If your application is approved, we will send you a contract. This document outlines the terms of the loan, repayment terms, and fees involved. Once you sign this contract, you’re one step closer to receiving your funds.
Step 5: You Get Funds
The final step is receiving your funds. After signing the contract, we directly deposit the funds into your account. Now, you can use these funds to cover any immediate needs while waiting for your lawsuit to resolve.
For example, let’s say you were in a car accident and are unable to work. High medical bills and lack of income have you worried about paying your bills. You apply for a lawsuit loan using our easy online application and provide your attorney’s contact details. We reach out to your law firm, review your case, and approve your request. After signing the contract, you receive the funds in your account. Now, you can focus on recovery instead of finances while waiting for your lawsuit to resolve.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can vary greatly. They can be as small as $500 or as large as over $1,000,000. The amount we can advance depends on your case.
If your case is still in progress, we can advance up to a maximum of 25% of your expected share of the settlement. However, if your case has already been settled, we can offer up to 50% of your expected share of the settlement. Let’s visualize this with an example.
Consider a plaintiff in Aberdeen who is involved in a car accident. The estimated value of their case is $100,000, but it will not be settled for some time yet. In most cases, medical providers are paid roughly one-third of the settlement, and the attorney receives another third. This leaves the plaintiff with approximately $35,000. LawsuitLoans.io can advance around 25% of that expected portion, which would equal about $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 Aberdeen?
If you need money fast while waiting for your lawsuit to be settled, LawsuitLoans.io is the right place for you. We know the hardships that come with waiting for a legal case to resolve which may take months or even years. That is why we operate with speed to lighten your burden.
With LawsuitLoans.io, as soon as you submit your application, our team of experts will review your case promptly. Our approval process is quick, usually within 24 hours. This swift process ensures that plaintiffs can receive their funds sooner rather than later.
For instance, let’s say you were injured in a car accident in Aberdeen and you filed a personal injury lawsuit. While you’re waiting for the settlement, you’re also dealing with medical bills and loss of income. This is where LawsuitLoans.io comes in handy. Just head over to our website, fill out the simple application form, and we’ll start reviewing your case immediately. Typically, within 24 hours, you’ll have our decision.
In conclusion, never let financial strain add to your worries while waiting for your settlement. At LawsuitLoans.io, we ensure you get your pre-settlement lawsuit loans as quickly as possible. Contact us today at (866) 594-1343 or apply through our funding application.
Pros and Cons of Pre-Settlement Funding in Aberdeen, South Dakota
Pre-settlement funding comes with its own benefits and drawbacks. Understanding these will help plaintiffs make an informed decision.
Benefits of Pre-Settlement Funding
- Financial Relief: One key benefit is the immediate financial relief it provides. This can help cover living expenses, medical costs, and legal fees while waiting for a case resolution.
- Early Access to Funds: Pre-settlement funding grants access to funds as soon as the application is approved, often within a few days.
- Avoiding Early Settlement Pressure: When under financial strain, plaintiffs might feel pressured to settle early for less than they deserve. Pre-settlement funding alleviates this stress, allowing them to pursue the full value of their case.
- Non-Recourse Nature: If a case is lost, the plaintiff does not have to repay the pre-settlement funding. This non-recourse nature is another advantage of lawsuit loans.
Drawbacks of Pre-Settlement Funding
- High Interest Rates: The interest rates for pre-settlement funding can be relatively high, compared to traditional loans.
- Lack of Regulation: It’s important to note that this is a generally unregulated or under-regulated industry. This can lead to potential risks and unforeseen complications.
- Case Development Requirement: Finally, pre-settlement funding requires a well developed case. An attorney must also be working on the case on a contingency basis.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Aberdeen Pre-Settlement Funding FAQs
Have you been considering lawsuit loans? If so, you likely have some questions. Here we’ll answer the most common questions from Aberdeen residents about pre-settlement funding.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can vary based on many factors. These may include the amount of money you seek and the specifics of your case. LawsuitLoans.io works tirelessly to provide reliable and affordable options for plaintiffs.
Do I qualify for a lawsuit loan?
Every situation is unique, but in general, if you have a valid personal injury claim or another legal claim and are represented by an attorney, you might qualify for a lawsuit loan. Contact LawsuitLoans.io to find out more about eligibility requirements.
If you have bad credit, can you get pre-settlement funding in South Dakota?
Yes, you can. Your credit history does not influence your eligibility for pre-settlement funding. The strength of your case is what really matters. Don’t let concerns about poor credit discourage you from seeking the financial help you may need during your lawsuit.
Apply today and get funds as soon as the same day you apply!
Does LawsuitLoans.io Directly Fund Cases in South Dakota?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in South Dakota.