Madison, Wisconsin 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 Madison, Wisconsin
A lawsuit loan, also known as a pre-settlement funding, is a type of financial support that benefits a plaintiff. If you have been injured and are dealing with a legal claim, a lawsuit loan can act as a life preserver until your case settles.
In the eyes of the law, these are non-recourse advances on your future legal settlements. This means you don’t have to pay back the advance if you lose your legal case.
Let’s use a hypothetical situation to show you how it works. Meet Anthony, a Madison, Wisconsin resident and a victim of a car accident. Due to the accident, he cannot work and has massive medical bills. As he awaits the settlement of his legal case, he is facing significant financial difficulties. That’s when Anthony decides to apply for a lawsuit loan from LawsuitLoans.io.
After submitting his application through our online portal, we review his case in detail. Once approved, Anthony receives his advance which he utilizes to cover his living expenses and medical bills. This grants him some peace of mind as he waits for his case to resolve without having to worry about financial stress. If Anthony wins his legal case, he repays the lawsuit loan out of his settlement. If he loses, he owes us nothing.
This is an overview of how LawsuitLoans.io can help get you through a difficult period with our lawsuit loans. If you need a similar level of financial trust, we would be more than happy to discuss and assist you with it.
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 Wisconsin Lawsuit Loan Information
Lawsuit loans can provide a useful financial tool during a legal case. These loans offer plaintiffs a way to manage expenses while waiting for their lawsuit to be resolved. The following table gives crucial information about the lawsuit loans we offer and on the state where the lawsuit is taking place.
|Average loan amount by LawsuitLoans.io in Wisconsin||$14,248.33|
|Largest loan by LawsuitLoans.io in Wisconsin||$71,825.00|
|Average semi-annual rate in Wisconsin||21.7%|
|Median personal injury verdict in Wisconsin||$31,000.00|
|Wisconsin statute of limitations||3 Years; Chapter 893 Section 893.54|
|Wisconsin fault laws||Wisconsin is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.|
|Madison population, 2020||269,840|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Madison
At LawsuitLoans.io, we understand that legal claims can take time to resolve. In the meantime, you might need financial support. So, what types of cases do we fund? Here are some common examples:
Auto and Other Roadway Accidents
Car crashes and similar accidents often result in serious injuries. These cases typically center around determining who is at fault.
This involves accidents that occur on someone else’s property, such as slips and falls. The property owner could be held responsible for compensation.
Medical professionals sometimes make mistakes that harm their patients. In such instances, you may have a valid malpractice claim.
Labor Law Claims
Labor laws ensure fair treatment at work. If you’re treated unfairly or illegally, LawsuitLoans.io can help you with advance funding while your case is ongoing.
If you faced discrimination, wrongful termination, or wage theft at work, you could sue your employer. We can provide immediate funds for your living expenses during the case period.
Other Personal Injury Claims
Any accident that causes personal injury due to someone else’s negligence can be claimed. This includes everything from dog bites to defective products.
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 Madison?
If you’ve made the decision to pursue legal action, you may find yourself wondering: Am I eligible for a lawsuit loan in Madison? The simple answer is, you could be.
Getting a lawsuit loan largely depends on meeting certain eligibility criteria. This criteria includes having a valid legal claim. This could be against an insurance company, a self-insured company, or even a large public entity.
Another key criterion is having an attorney. If you are representing yourself, you will not qualify for lawsuit loans. The reason is this: lawsuit loan companies rely heavily on the information your attorney provides about your case. This information helps them decide whether to fund you or not.
Last but not least, you must be at least 18 years old. This is a standard requirement across all legal and financial services, including lawsuit loans.
Do these criteria apply to you? Then there’s a good chance you might be eligible for a lawsuit loan. If you’re ready, you can get started right now by applying online at our LawsuitLoans.io funding application.
Apply today and get funds as soon as the same day you apply!
Our Madison Lawsuit Loan Process
If you are engaged in a lawsuit and find yourself in need of financial support, we have the solution for you. Our lawsuit loan process is designed to be straightforward and simple, easing your stress during this challenging time.
There are five main steps in our process:
- Apply online: You can submit your application directly on our website. This initial step requires some basic information about your case and your legal representative.
- We contact your law firm: After receiving your application, we reach out to your law firm to gather additional information about your case. The attorney-client privilege is maintained throughout.
- We review your case: Once we have all necessary details, we assess your case. This assessment helps us determine the amount of funds you could potentially receive.
- You sign a contract: If we decide your case qualifies for pre-settlement funding, we’ll send you a contract to sign. This contract outlines the terms of the lawsuit loan.
- You get funds: Once you’ve signed the contract, you will receive your funds. You can use these funds as needed while you await resolution of your court case.
To illustrate this process, imagine John, a plaintiff in a personal injury lawsuit who has lost his income due to his injuries. He applies for a lawsuit loan through our online platform. We contact his law firm to gather required information, then review his case. Based on our assessment, we approve John for pre-settlement funds and send him a contract to sign. Upon receipt of the signed contract, John receives his funds, providing him with much-needed financial relief.
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 look at an example: Suppose you’re a plaintiff named Madison involved in a car accident case. The estimated value of the case is $100,000 and it’s still in progress, meaning it will not settle for some time. Once settled, medical providers will receive around 1/3 of the settlement, the attorney will also get 1/3 of the settlement, leaving you with around $35,000. In this scenario, LawsuitLoans.io can provide an advance of around 25% of that amount, or $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 Madison?
LawsuitLoans.io offers one of the fastest funding services available. We understand how urgent your financial needs can be, and our team consistently strives to make funds available to plaintiffs as soon as possible.
Our process is simple and efficient; once your application has been submitted on our secure application platform, our team gets to work immediately. We meticulously review your case details and make a funding decision within 24 hours.
To illustrate, let’s imagine you apply for a pre-settlement lawsuit loan early Monday morning. After we receive your application, our team initiates a comprehensive review of your case. By Tuesday, you should typically hear back from us with a funding decision.
This speed provides peace of mind to plaintiffs who are often dealing with mounting legal bills and living expenses while waiting for their cases to resolve. We at LawsuitLoans.io are here to help. Contact us today via our website or toll free phone number (866) 594-1343 to get started.
Pros and Cons of Pre-Settlement Funding in Madison, Wisconsin
Pre-settlement funding, while waiting for a legal case resolution, has both benefits and drawbacks. The key is to understand them fully before making a decision. Here are the pros and cons you should consider.
Benefits of Pre-Settlement Funding
- Financial Relief: This type of funding can offer financial relief when you’re unable to work due to a personal injury or another legal claim.
- Early Access to Funds: Lawsuit loans grant you early access to funds, which can be crucial in handling daily expenses and medical bills.
- Avoid Early Settlement Pressure: With pre-settlement funding from LawsuitLoans.io, you won’t feel forced into accepting an early, insufficient settlement.
- Non-Recourse Loans: If you lose your case, you won’t have to pay back the lawsuit loan. This is because lawsuit loans are considered non-recourse loans.
Costs or Cons of Pre-Settlement Funding
- High Interest Rates: Most lawsuit loans come with a higher interest rate compared to other loans.
- No Strict Regulation: The pre-settlement funding industry is often under-regulated. Some complain there is not enough oversight over companies that offer these services.
- Need for a Well-Developed Case: To qualify for a lawsuit loan, you typically must have a solid case with good prospects of success. Plus, your attorney must be willing to work on contingency.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Madison Pre-Settlement Funding FAQs
There are several common questions that residents of Madison often ask regarding pre-settlement funding. Below, we will answer these frequently asked questions to provide a clear understanding of lawsuit loans.
How much does it cost to get a lawsuit loan?
The cost of getting a lawsuit loan varies depending on your case’s details and the risk involved. There are typically no upfront fees associated with obtaining a lawsuit loan, but there may be interest fees added onto the loan amount to cover the risk taken by the lender. It is essential to carefully read all loan documents and understand all terms before accepting a lawsuit loan.
Do I qualify for a lawsuit loan?
Qualification for a lawsuit loan primarily depends on the merit of your case. If you have a strong case with a high likelihood of success, you are likely to qualify for a lawsuit loan. The final approval of the loan also depends on a review of your legal claim, its potential value, and the likelihood that you will receive a settlement or award.
If you have bad credit, can you get pre-settlement funding in Wisconsin?
Yes, you can get pre-settlement funding even if you have bad credit. Lawsuit loans are non-recourse, which means if you do not win your case, you do not have to pay back the loan. Since the risk is based on your lawsuit’s outcome, your credit history is not a significant factor for approval.
Apply today and get funds as soon as the same day you apply!