Wisconsin Lawsuit Loans

What is a Lawsuit Loan and How Does it Work in Wisconsin

A lawsuit loan, also known as pre-settlement funding, is not a loan in the traditional sense. It’s more of a cash advance that plaintiffs can get against their future legal settlement. This funding option is available to those who are in the middle of a legal case and require funds to cover their expenses while waiting for the case resolution.

In Wisconsin, the process starts when you apply for a lawsuit loan from a reliable company like LawsuitLoans.io. After your application, the underwriting team reviews your case details provided by your attorney. Based on the strength of your case and expected settlement amount, you could be approved for funding.

Once approved, you receive the funds without delay. You’re not required to pay back the amount until your case is settled. If for some reason, your case does not end favorably, you’re under no obligation to repay the advanced money. Thus, a lawsuit loan is a risk-free and efficient way to manage your financial needs during a lawsuit.

Important Wisconsin Lawsuit Loan Information

If you are in the middle of a lawsuit in Wisconsin and could use money right away, you might want to consider a lawsuit loan. This article provides key information about lawsuit loans in Wisconsin.

Common Case Types We Fund in Wisconsin

At LawsuitLoans.io, we specialize in funding a variety of case types in Wisconsin. Here are some of the most common ones:

Auto and Other Roadway Accidents

These cases arise from accidents involving cars, trucks, motorcycles, bicycles, pedestrians, and other users of the road. Victims may be eligible for funding while they wait for their legal claims to be resolved.

Premises Liability

In these cases, an individual is injured on another person’s property due to the owner’s negligence. This can include slip and falls, dog bites, swimming pool accidents, and more.

Medical Malpractice

When a healthcare provider fails to provide the necessary standard of care and this leads to patient harm, the victim may seek legal recourse. Funding can help cover personal and medical expenses while pursuing such lawsuits.

Labor Law Claims

These involve employees who pursue legal action against their employers for violations of labor laws. Common violations can include unfair pay, breaches of contract, harassment, and discrimination.

Employment Claims

These center around workplace issues other than labor law violations. Some examples are wrongful termination and whistleblowing. These plaintiffs may also be eligible for lawsuit loans.

Other Personal Injury Claims

There are numerous other personal injury cases we fund. These may include product liability cases, nursing home negligence, and more.

To learn more about these and other case types we fund in Wisconsin, please visit our Wisconsin Personal Injury Loans page and our Wisconsin Car Accident Loans page.

Am I Eligible for a Lawsuit Loan in Wisconsin?

Are you a resident of Wisconsin who is currently wrapped up in a legal battle? You might be wondering if you’re eligible for a lawsuit loan. This type of funding can provide financial relief while you wait for your case to reach resolution. Let’s go over the basic eligibility criteria right now.

To be considered for a loan from LawsuitLoans.io, you need to meet three primary requirements:

• You must have a valid legal claim. This could be against an insurance company, a self-insured corporation, or even a large public entity. In short, someone else should be legally at fault for your current situation.
• You need to be represented by an attorney. While you might be handling some parts of your case yourself, only those applicants with proper legal representation will be considered for a lawsuit loan.
• You must be of legal age. For all states including Wisconsin, this means being at least 18 years old.

If you meet these general criteria, you may be eligible for a lawsuit loan in Wisconsin. Of course, every situation is unique and different factors may affect your eligibility. That’s why it’s always best to get in touch directly with us.

To find more information or start the application process, visit the LawsuitLoans.io website at LawsuitLoans.io or call our toll free phone number at (866) 594-1343. Alternatively, you can start your funding application by heading to the following link: LawsuitLoans.io funding application.

Our Wisconsin Lawsuit Loan Process

Understanding how lawsuit loans work can help in making the lending process easier and less stressful. The steps to get funds from LawsuitLoans.io are quite straightforward, involving five main steps:

• Apply online.
• We make contact with your law firm.
• We conduct a review of your case.
• You sign a contract with us.
• You receive your funds.

Let’s illustrate how this process works by providing an example. Picture a plaintiff, we’ll name him John, who has been involved in a personal injury case. John is eagerly waiting for his case verdict but he is under financial stress caused by medical bills, general living expenses, and legal fees.

John decides to apply for a lawsuit loan to ease financial strain. He goes to the LawsuitLoans.io website and fills out the funding application. We then contact John’s law firm for more details about his ongoing case. After a careful review of John’s case and evaluating its merit, we decide it’s a strong case worth funding. We send John a contract agreement, which he signs, and the funds are transferred to him promptly. This scenario reflects exactly how the Wisconsin lawsuit loan process at LawsuitLoans.io works. And remember, should John lose his case, he owes us nothing – no win, no pay.

How Much Money Can I Get From my Lawsuit Loan?

Lawsuit loans from LawsuitLoans.io can widely range in their amount. These could be anywhere between $500 and $1,000,000 or more. The amount we can advance is highly dependent on the status of your legal case. If your case is still in progress, we may be able to forward up to a maximum of 25% of the portion of settlement you are expected to receive.

However, if your case has been settled, we might be able to offer you as much as 50% of your portion of the settlement.

For example, let’s look at a car accident case based in Wisconsin, where the plaintiff has an estimated potential settlement of $100,000. Unfortunately, the case is still ongoing and might not settle for some time.

In such cases, it is quite common for medical providers to receive around 1/3 of the total settlement amount. Similarly, the lawyer gets another 1/3 of the settlement. This leaves the plaintiff with an approximate amount of $33,000.

In such scenarios, we have the ability to advance approximately 25% of the plaintiff’s expected portion. In this specific example, that would equate to around $8,250.

What Can I Use the Money From My Lawsuit Loan For?

When you receive a loan from LawsuitLoans.io, there are wide range of areas that you can apply this money towards. This includes, but is not limited to, your daily living expenses as well as your medical bills.

With daily living expenses, this could be for anything you need in your day to day life: paying for groceries, covering rent or mortgage payments, utility bills, car payments, or even personal debts. These are all valid uses for your loan funds. Life does not stop because you are waiting for a legal case to resolve; bills still need to be paid, and everyday expenditures continue to accrue.

Medical expenses are another common use for lawsuit loans. This can range from doctor visits and hospital stays to prescriptions and physical therapy treatments. If your claim is related to a personal injury, it is likely that you will have ongoing medical costs that need to be handled. The funds provided by LawsuitLoans.io can help with these.

However, it is important to note that the funds received from LawsuitLoans.io cannot be used for litigation or legal expenses connected to your case. This means the money cannot pay for your attorney’s fees, deposition costs, or expert witness fees. The aim of these funds is to help you maintain stability in your life while waiting for your lawsuit to conclude.

Pros and Cons of Pre-Settlement Funding in Wisconsin

The practice of pre-settlement funding has some definite benefits and drawbacks. Understanding these can help you make the best decision for your situation.

Benefits of Pre-Settlement Funding

One of the main benefits of pre-settlement funding is financial relief. Lawsuit processes are often long, leading to financial stress. These funds can provide relief while you wait for the settlement. Early access to funds also means that you don’t have to wait until your case is resolved to get hold of your money.

Pre-settlement funding can also help to avoid pressure for early settlement. When you are financially strained, it’s easy to accept less than what your case is worth. With pre-settlement funding, you can afford to wait for the right settlement.

Another key benefit is the non-recourse nature of lawsuit loans. This means that if you lose your case, you don’t have to repay the loan.

Cons of Pre-Settlement Funding

However, pre-settlement funding also has its drawbacks. The interest rates are generally quite high compared to traditional loans. Over time, this cost can add up and deplete a significant chunk of your eventual settlement amount.

The industry is generally unregulated or under-regulated, which can leave consumers vulnerable. Due diligence is required before accepting a lawsuit loan.

Finally, you need to have a well-developed legal case, with an attorney working on a contingency basis to qualify for a lawsuit loan. Otherwise, litigation financing companies like LawsuitLoans.io might not approve your loan application.

Major cities we fund in Wisconsin

LawsuitLoans.io provides funding for residents across Wisconsin and nationwide. We are committed to assisting plaintiffs, involved in personal injury cases, in securing pre-settlement funding to cover immediate expenses. Below is a list of the top 10 most populated cities in Wisconsin where we offer our services:

1. Milwaukee
2. Madison
3. Green Bay
4. Kenosha
5. Racine
6. Appleton
7. Waukesha
8. Eau Claire
9. Oshkosh
10. Janesville

If you live in one of these cities, or anywhere else in Wisconsin, and have a personal injury claim or other legal case pending, feel free to apply for pre-settlement funding from LawsuitLoans.io today.

Wisconsin Pre-Settlement Funding FAQs

We understand you may have several questions before choosing a financial solution. Here are your answers to some of the most frequently asked questions by Wisconsin residents:

How much does it cost to get a lawsuit loan?

The cost of a lawsuit loan may vary due to several factors such as loan amount, the progress of your case, and the risk associated with it. At LawsuitLoans.io, we provide transparent and competitive rates for our customers. Please apply online or contact us at (866) 594-1343 for an exact quote.

Do I qualify for a lawsuit loan?

Qualification for a lawsuit loan largely depends on the merit of your case. If you’ve a personal injury or any other legal claim and have hired an attorney, you’re likely eligible. Visit our application page and submit your information to get started!

How much funding can I get?

The amount you can receive depends on the estimation of your potential settlement. Our team will work closely with your attorney to determine the value of your claim. Remember, with LawsuitLoans.io, there’s no limit to the amount you can apply for!

Cities we Service in Wisconsin

LawsuitLoans.io provides funding throughout Wisconsin. See more about our funding in Wisconsin by visiting the city pages below:

• Milwaukee
• Madison
• Green Bay
• Kenosha
• Racine