Kent, Washington 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 Kent, Washington
A lawsuit loan is a type of financial help that you can obtain if you’re involved in a personal injury case or other legal claims. But what exactly is a lawsuit loan? A lawsuit loan is also known as “pre-settlement funding”. It’s a non-recourse advance on a plaintiff’s future legal settlement. This means if your case wins, the repayment comes from the settlement. If it loses, you owe us nothing.
At LawsuitLoans.io, we offer financial assistance to plaintiffs throughout Washington State. For more details, you can visit our main Washington Lawsuit Loans page. We have a simple application process and our toll-free number is (866) 594-1343 for any questions.
Let’s say Betty, a Kent, Washington resident, was involved in a car accident. As much as she wants to work, her injuries are compromising her ability to do so. While waiting for her case to settle, she struggles financially. She decides to apply for a lawsuit loan through LawsuitLoans.io to cope with her financial needs. After submitting her application and given approval, we provide her funds to carry her over until her case settles. This way, Betty can continue living without the financial hardships that often come with personal injury cases.
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 Washington Lawsuit Loan Information
If you are planning to apply for a lawsuit loan in Washington, here’s some key information you need to know. Lawsuit loans can give financial relief during the legal process. The table below provides important figures regarding lawsuit loans and personal injury claims within this state:
|Average loan amount by LawsuitLoans.io in Washington||$10,756.05|
|Largest loan by LawsuitLoans.io in Washington||$60,262.00|
|Average semi-annual rate in Washington||20.7%|
|Median personal injury verdict in Washington||$8,900 to $78,000|
|Washington statute of limitations||3 Years; Title 4 Ch. 16 Section 4.16.080|
|Washington fault laws||Washington is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.|
|Seattle population, 2020||136,588|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Kent
We want to be transparent about the types of cases we fund here at LawsuitLoans.io. We provide support for multiple legal situations and case types; it’s important for clients like you to understand them. Below is a quick overview of common cases we fund in Kent:
- Auto and other roadway accidents: These usually involve injuries from any form of vehicle accident. Car, truck, motorcycle, bicycle accidents, or even pedestrians harmed by vehicles all fall under this category.
- Premises liability: If you have been hurt on someone else’s property due to the negligence of the property owner, you can file a premises liability lawsuit. The most common premises liability claims include slip-and-fall accidents and dog bites.
- Medical malpractice: When healthcare providers fail to maintain professional standards, resulting in injury or harm, you could have a medical malpractice claim. Misdiagnosis, surgical errors, and negligence are typical examples.
- Labor law claims: Workers who have been measurably harmed (physically, emotionally, or financially) due to their employment conditions may have valid labour law claims. Possible examples are workplace safety violations, wage theft, and unfair dismissal.
- Employment claims: Both minor and serious breaches of employment laws (like workplace discrimination, harassment, or wrongful termination) can lead to employment claims.
- Other personal injury claims: This category covers various situations, excluding those already mentioned, whereby an individual sustains an injury due to the negligence or intentional act of another party.
If you’re involved in any of the above cases, don’t hesitate to reach out to us for assistance. Our team at LawsuitLoans.io is dedicated to providing you with the funds necessary to move forward while your case is being resolved.
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 Kent?
If you have found yourself asking this question, we are here to help. Firstly, let’s identify the primary eligibility criteria for obtaining a lawsuit loan. The three necessary conditions to be met are as follows:
- Legal Claim: You must have a valid legal claim against an insurance company, a self-insured company, or a large public entity.
- Legal Representation: It is mandatory to have an attorney working on your case. We work directly with your attorney during the approval process.
- Age Requirement: You must be 18 years old or above.
These are the key pillars in determining whether or not you are eligible for a lawsuit loan. Additional factors may also influence the decision, but these hold the greatest weight.
Apply today and get funds as soon as the same day you apply!
Our Kent Lawsuit Loan Process
Lawsuit loans, also known as pre-settlement funding, offer a financial solution for plaintiffs waiting for their legal case to resolve. A lawsuit loan is not like a regular bank loan. It is a sort of cash advance that you receive against the two potential outcomes of your case: a win or a settlement. Here at LawsuitLoans.io, our process for getting a lawsuit loan in Kent is simple, fast, and transparent. Let’s go through it step-by-step.
The first step is to apply online. You can do so by filling out our brief application form on the LawsuitLoans.io funding application page. We require some basic information about you and your case to understand and evaluate your need better.
After receiving your application, we contact your law firm to gather more details about your case. This helps us assess the probability of you winning or settling your case.
Once we have all the necessary information, we review your case thoroughly. We look at the nature of the lawsuit, your injury, the negligence of the other party, and other related factors. This review allows us to decide whether or not to approve your loan request.
If your application is approved, we will send you a contract to sign. This contract outlines all the terms and conditions of the lawsuit loan. Signing the contract indicates that you agree to these terms and conditions.
Upon receiving the signed contract, we will transfer the funds to you. This is the final step of the process. Your lawsuit loan is now successfully granted, and you can use this money for your living expenses or any other financial needs while you wait for your case to settle.
For instance, consider the case of a plaintiff with a personal injury claim waiting for his lawsuit to settle. He applies for a lawsuit loan with LawsuitLoans.io. We contact his law firm, review his case, and evaluate the likelihood of him winning the lawsuit or reaching a good settlement. Based on our evaluation, we approve his application and send him a contract to sign. Once he signs and returns the contract, we transfer the funds immediately. The plaintiff now has immediate access to money that enables him to manage his financial situation while he waits for his lawsuit to resolve.
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 consider an example: A Kent plaintiff in a car accident case has an estimated settlement value of $100,000. With the case still in progress and not due for settling for some time, how’s the distribution of this settlement? Medical providers get paid around one-third of the settlement. Another one-third goes towards attorney fees, and the plaintiff receives about $35,000.
In such a scenario, LawsuitLoans.io can advance around 25% of the plaintiff’s portion that amounts to approximately $8,250. This gives plaintiffs valuable financial flexibility as they wait for their settlement.
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 Kent?
If you are engaged in a lawsuit and need cash immediately, getting a pre-settlement loan from LawsuitLoans.io can be a valuable option. Once you have submitted your application, our team will review your case details and make a decision within 24 hours.
Let’s provide an example for clarity: Suppose you have filed a claims case for a personal injury caused by another party. You find yourself unable to work due to your injuries and mounting medical bills are adding to your stress. This is a common scenario for many people waiting for their day in court to seek the compensation they deserve.You decide to obtain a pre-settlement loan with LawsuitLoans.io. After submitting your application, our team goes straight into processing mode. We carefully review your application and assess your case details. After just 24 hours, we come to a decision regarding your eligibility. If approved, you can receive your funds immediately, providing immediate relief to your current financial situation.
So, in essence, the speed at which you can receive a pre-settlement lawsuit loan largely depends on how promptly you apply and how swiftly we can process your information. With LawsuitLoans.io, you could get your loan within a day of applying.
Pros and Cons of Pre-Settlement Funding in Kent, Washington
Pre-settlement funding offers several benefits to plaintiffs. Let’s take a look at them and some potential downsides.
Benefits of Pre-Settlement Funding
- Financial Relief: One of the primary benefits of pre-settlement funding is financial relief. This option provides funds to plaintiffs who need money for living expenses or for paying medical bills. Instead of having to wait for the legal case to resolve, they can use these funds immediately.
- Early Access to Funds: Pre-settlement funding allows plaintiffs to have access to funds well before their case is resolved. This immediate access relieves some financial strain.
- Avoiding Early Settlement Pressure: Pre-settlement funding could mean plaintiffs are less likely to feel rushed into accepting an undervalued settlement since they will have some financial comfort while they wait.
- Non-recourse Nature of Lawsuit Loans: Unlike most loans, pre-settlement loans are non-recourse. This means that if a plaintiff loses the case, the company doesn’t seek repayment from any other source than the settlement itself.
Cons of Pre-Settlement Funding
- High Interest Rates: Pre-settlement funding can come with high interest rates due to its risk factor, so recipients should make sure they understand the long-term cost before proceeding.
- Under-regulated Industry: It’s important to note that the lawsuit loan market is often under-regulated or unregulated, leaving some potential for unethical practices.
- Need for Well Developed Case: To be eligible for a pre-settlement loan, plaintiffs need to demonstrate a high likelihood of case success. This generally means they must have an attorney working on a contingency basis and a well-developed case.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Kent Pre-Settlement Funding FAQs
In the following section, we aim to address some frequently asked questions Kent residents might have about pre-settlement funding.
How much does it cost to get a lawsuit loan?
The cost of getting a lawsuit loan can vary based on several factors. These may include the amount you seek to borrow and the details of your lawsuit. LawsuitLoans.io provides free price quotes after reviewing the details of your case.
Do I qualify for a lawsuit loan?
If you are involved in a personal injury or any other type of legal claim and you work with an attorney, you likely qualify for a lawsuit loan with LawsuitLoans.io. Generally, the main eligibility factor is having a valid lawsuit.
If you have bad credit, can you get pre-settlement funding in Washington?
Yes, you can. At LawsuitLoans.io, we don’t consider your credit history in our decision to provide you with funding. Instead, we base our decision on the merits of your legal case.
Apply today and get funds as soon as the same day you apply!