Racine, 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 Racine, Wisconsin
A lawsuit loan is a financial advance given to an injured plaintiff while they await the resolution of their legal case. It serves as a lifeline to individuals who need immediate funding to cover bills and expenses as they pursue justice. These non-recourse financial advances are based on the potential settlement amount of a person’s legal claim, rather than their personal credit or income.
This advance cash provided by LawsuitLoans.io is not a traditional loan. The repayment depends entirely on the outcome of your legal claim. If you win, the advance is repaid from your settlement. If you lose, you owe nothing.
We fund all kinds of personal injury claims across the state of Wisconsin. If you want more information specific to our services in Wisconsin, please visit our main Wisconsin Lawsuit Loans page.
Let us walk you through a hypothetical example. Meet Michelle, a resident of Racine, Wisconsin, who was unfortunately involved in a car accident. She sustained injuries that required ongoing medical attention and kept her out of work for several months. While she pursued her legal case against the responsible party, her bills began to pile up — from medical expenses to utility bills and groceries.
Michelle decided to apply for a lawsuit loan with LawsuitLoans.io using our online application form. Due to her legit personal injury claim, she was approved and provided with the much-needed funds. This ongoing financial assistance helped Michelle manage her bills and focus on her recovery while her legal case was in progress. Her life became significantly less stressful, thanks to the lawsuit loan.
In conclusion, lawsuit loans offer financial relief to injured plaintiffs waiting for their legal cases to resolve. With lawsuit loans, you can focus on your health and legal fight, while we handle the financial stress.
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
A lawsuit loan is help provided to plaintiffs who are pursuing a lawsuit in court. With this type of financial aid, plaintiffs can get the funds they need while waiting for their case to be resolved. These details below provide specific information about the average and largest loan amounts offered by LawsuitLoans.io in Wisconsin, as well as other essential details about semi-annual rates, verdict averages, limitation statutes, fault laws, and population data in 2020.
|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.|
|Wisconsin Racine population, 2020||77,816|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Racine
As a pre-settlement funding company, LawsuitLoans.io provides funds for several different types of cases. The following are the most common case types we fund:
Auto and Other Roadway Accidents
These tend to be one of the most common types of personal injury claims. We provide funding for plaintiffs who have been injured due to road accidents, whether they are drivers, passengers, cyclists, or pedestrians.
Premises liability involves incidents that take place on someone else’s property due to their negligence. Examples include slip and fall accidents, inadequate security leading to injury, and dog bite cases.
Patients who suffer injuries due to negligence or failure of medical practitioners to provide an acceptable standard of care can seek legal claims. We help fund these complicated and often lengthy cases.
Labor Law Claims
Plaintiffs who have suffered injustices in the workplace under labor law can count on our funding. This includes issues like employment discrimination, unpaid wages, and illegal work practices.
We also offer funding for employment disputes, such as wrongful termination, harassment, and discrimination claims.
Other Personal Injury Claims
Aside from those mentioned, any injury caused by someone else’s negligence falls under personal injury. We provide funding for diverse types of personal injury claims.
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 Racine?
If you’re considering a lawsuit loan, the first step is to understand the eligibility requirements. The good news is that they’re pretty straightforward.
The primary eligibility criteria for a lawsuit loan includes the following:
- Having a valid legal claim against an insurance company, a company that insures itself, or a large public entity. This means you’re involved in a legal dispute with one of these parties over an injury you’ve suffered.
- Having an attorney. Pre-settlement funding is not possible without a lawyer representing you in your case. This is because your attorney plays an essential role in the legal proceedings, including communication with the funding company about your case.
- Being 18 years old. You must be a legal adult to apply for a lawsuit loan. LawsuitLoans.io cannot offer funding to minors due to legal restrictions.
If you meet these basic requirements, you may be eligible for a lawsuit loan from LawsuitLoans.io. To begin the application process, please visit our application page or feel free to reach us by phone at (866) 594-1343.
Apply today and get funds as soon as the same day you apply!
Our Racine Lawsuit Loan Process
If you’re a plaintiff in a legal case and you need quick access to funds, a lawsuit loan can be a solution. We at LawsuitLoans.io are here to guide you through this process which is quite straightforward and involves five main steps:
- Apply online: Start by visiting our application page and filling out the required details.
- We contact your law firm: After receiving your application, we engage with your law firm to learn more about your case.
- We review your case: Our experienced team reviews all information provided to determine if your case qualifies for a loan.
- You sign a contract: If your case qualifies, we draft a contract outlining the loan amount, terms, and fees. You then review, sign and send it back.
- You get funds: Once the contract is signed and returned, we proceed to transfer the approved funds directly to you.
Let’s put this into perspective with an example. Suppose John suffered personal injuries due to someone else’s negligence and has engaged a law firm to pursue his compensation claim. Due to financial difficulties, John decides to apply for a lawsuit loan from LawsuitLoans.io. He fills out the online application form and within a short time, we get in touch with his law firm to garner relevant information. After reviewing and determining that John’s case is strong, an agreement is drawn up and given to John for his perusal and signature. Once John signs the contract, we immediately transfer the agreed loan amount directly into his account.
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.
For example, consider a plaintiff from Racine in a car accident case with a $100,000 estimated value. This case is still in progress and will not settle for some time. Of this amount, medical providers would receive around 1/3 of the settlement, the attorney another 1/3, leaving the plaintiff with approximately $35,000. We could advance around 25% of that final amount or roughly $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 Racine?
If you’re a plaintiff with an ongoing legal suit in Racine, obtaining a pre-settlement loan could be a straightforward and swift process. With LawsuitLoans.io, typically, all it takes is completing an application and allowing us to review your case. Once the application is submitted, we move promptly to assess your case within 24 hours.
For example, if you apply for a loan on Monday, you will most likely have our decision by Tuesday. This prompt review allows you to have quick access to funds that could assist in covering living expenses, medical bills, legal costs, and other incidentals that may accrue as you await the resolution of your legal claim.
At LawsuitLoans.io, we understand the urgency in need for financial support during such sensitive periods, and we endeavor to offer solutions that not only relieve your financial pressure, but ultimately contribute to the success of your ongoing lawsuit.
Pros and Cons of Pre-Settlement Funding in Racine, Wisconsin
The pros and cons of pre-settlement funding are important to consider for anyone in Racine, Wisconsin who might be considering this form of financial relief. Pre-settlement funding, commonly referred to as lawsuit loans, offers several distinct benefits as well as a few potential drawbacks.
Benefits of Pre-Settlement Funding
One of the foremost advantages of pre-settlement funding is the financial relief it provides. It offers a lifeline to those who are waiting for their legal case to resolve – a period that could take many months or even years. Additionally, plaintiffs gain early access to funds which otherwise would not be available until the conclusion of their case. This can alleviate financial strain during what is often a challenging time.
A major benefit is the reduction of pressure to settle a case early due to financial constraints – a situation that sadly many plaintiffs find themselves in. Furthermore, lawsuit loans are non-recourse by nature. This means if the plaintiff’s claim fails, they are typically not required to repay the funds advanced to them.
Pitfalls of Pre-Settlement Funding
However, it’s crucial to acknowledge the costs or potential downsides associated with pre-settlement funding. One of these is the relatively high-interest rates, which can accumulate significantly over the lifespan of the loan.
The pre-settlement funding industry is generally unregulated or under-regulated. This lack of oversight can put vulnerable plaintiffs at risk. Lastly, to qualify for pre-settlement funding, a plaintiff needs to have a well-developed legal case. They must enlist the services of an attorney who is willing to work on a contingency basis.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Racine Pre-Settlement Funding FAQs
If you are a Racine resident considering pre-settlement funding, you likely have several questions. Below are the answers to some frequently asked questions.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can vary depending on a number of factors, including the amount of money you need, the likelihood of winning your case, and more. At LawsuitLoans.io, we strive to offer the most affordable rates possible. Visit our website or call us at (866) 594-1343 for a personalized quote.
Do I qualify for a lawsuit loan?
Generally, if you have a personal injury or legal claim and have hired an attorney, you qualify for a lawsuit loan. However, each situation is different, and our team reviews each application individually. Complete our online application to see if you qualify.
If you have bad credit, can you get pre-settlement funding in Wisconsin?
Yes! At LawsuitLoans.io, we believe that everyone should have access to pre-settlement funding regardless of their credit history. That’s why we base approval on the merit of your case, not your credit score. If you have bad credit, don’t let that discourage you from applying for pre-settlement funding with us.
Apply today and get funds as soon as the same day you apply!