Lawsuit Loans Applicants Can Simplify the Process
Applying for lawsuit loans has never been easier. In this post, we examine how to apply for lawsuit loans in the best possible manner. Applying properly for lawsuit funding can greatly increase your chances of success and tap into the advantages of lawsuit loans.
Applying for Lawsuit Loans on the Phone
One way to apply for lawsuit loans is to call a lawsuit funding company directly. How to shop for a lawsuit funding company is a different topic altogether but most, if not all lawsuit lenders will have a toll free phone number for you to call.
Dialing directly has the advantage of you actually speaking to a live person. On the call, prospective applicants can avoid giving sensitive information if they are so inclined.
Using this method, you may have to wait in a queue to apply for lawsuit loans as most lawsuit funders use automated phone systems. These can be tiresome for many who are wanting quick answers to their lawsuit funding questions prior to application.
We understand this may be a concern for some and we know your time is valuable. When you call Fair Rate Funding to apply for lawsuit loans, you will speak to a live representative who will answer your questions on the spot. You can then move on to other personal business and let us work on your lawsuit funding application. We are here to help after all.
Online Inquiries
All high ranking lawsuit loan companies have online application forms right on their websites. These forms take down your basic information and some information about your case. The good thing about the online form is that you don’t speak directly to a lawsuit funding company at the time of application. You can also apply for lawsuit loans with multiple funders quickly.
The lawsuit loan approval process is not done online, however. At some point, lenders want to speak with plaintiffs directly. Most online forms just give lenders the ability to see what your case is generally about. For larger funders, they are able to prioritize funding leads in the order in which they will most likely be able to help. That is, the most “fundable” cases are called first. These include automobile accidents, slip and fall cases, etc. Eventually, plaintiffs with more exotic case types will be contacted.
Lawsuit Loan Prerequisites
Most lawsuits are possible candidates for funding. However, some eligibility requirements routinely arise when applying for lawsuit loans.
First, you must have a valid claim/lawsuit. This is obvious since without a case/claim, there would be no applying for lawsuit loans.
Second, you need to be 18 years or older. 18 years is the age of majority in the United States. Contracts with persons under 18 years old generally can be rendered void if the minor wants to discharge their obligations under the agreement. The idea is that younger people lack the education and experience to make legal decisions.
Third, you must be represented by an attorney and the attorney paid on a contingency fee arrangement. Lenders will not fund pro se plaintiffs (those who represent themselves in court). They want professionals handling the cases they invest in. Although there are some exceptions, the contingency fee arrangement is also mandatory. Lawsuit lenders want to see attorneys have a stake in the outcome of the case. That is why generally speaking, plaintiff lawsuit loans are not given to pay for attorney’s fees.
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What’s the Best Way to Apply for Lawsuit Loans?
Online forms often merely serve as a screening tool for lawsuit funding companies. The best way to contact a lender is to contact them via telephone. As stated above, applying for a lawsuit loan must consist of a phone call anyway. Why not just cut to the chase and dial direct?
Further, all questions regarding the lawsuit loan process can be asked and answered during the initial call. When applying for lawsuit loans, it’s always best to avoid surprises regarding contract terms and lawsuit loan costs. These issues can be resolved early on in the process with a simple phone call.
We know you have a choice in lawsuit funding companies. We thank you for your interest in how to apply for lawsuit loans and for choosing Fair Rate Funding.
