Hudson County Lawsuit Loans Provide Financial Support
Lawsuit loans, also known as pre-settlement funding are advances on a pending lawsuit/case. Plaintiffs use lawsuit loans to pay expenses while they await the final outcome of their cases. Settlement funding can be an essential tool to bring about just compensation from well financed insurance companies which are often defending civil cases in the New Jersey court system.
More About Hudson County
Hudson County is located in Northeastern New Jersey and borders New York City to the east. The region consists primarily of urban and suburban areas. Hudson County is New Jersey’s smallest and most densely populated county with approximately 725,000 residents according to the 2020 United States Census. The county seat, Jersey City is home to county and state offices and the Superior Court of New Jersey, Hudson County. The Hudson County Courthouse is also known as the Justice William J. Brennan Jr. Courthouse and is listed on the National Register of Historic Places.
The Holland and Lincoln tunnels are major Hudson River crossings linking New Jersey to Manhattan. Cities such as Jersey City and Hoboken have been part of the NY metropolitan area for centuries. Hudson County real estate is in high demand due to its close proximity to the world trade centers located in downtown Manhattan, NY. Residents can use a variety of trains, buses, and ferries to commute to the big city.
Hudson County also houses institutions of higher learning. Most notably, Stevens Institute of Technology (Hoboken) and St. Peters University (Jersey City) are located within the county limits. Hudson County is also known for the Liberty Science Museum and Liberty State Park which boasts incredible views of the Statue of Liberty.
Hudson County Lawsuits and Funding
The beauty of the area and the proximity to New York brings millions of people to Hudson County. This brings a great deal of positive aspects to the area but there is a cost. Increased population and visitors also increases the potential for accidental injury with Hudson County. For example, the NJ Department of Transportation, reports that Hudson County had over 2,300 crashes in 2020. This number was down from 3,500 just a year prior (Covid response). Other accidents such as slip and falls and other premises liability accidents are also common in highly populated areas.
With an increase in accident potential, there is a commensurate increase in the amount of lawsuits seeking compensation. Hudson County plaintiffs experience the effects of a “crowded docket” every day. Lawsuits, no matter where they are filed can take many months or even years to resolve. Many plaintiffs, who are unable to work due to injury, encounter financial pressure while they wait. Unfortunately, many are forced to accept less than fair settlement amounts simply to ease the immediate financial pain.
Hudson County lawsuit loans offer one possible solution.
What is a Hudson County Lawsuit Loan?
Also known as lawsuit funding, lawsuit loans are immediate advances on pending lawsuits. Plaintiffs sell a portion of their future recovery in exchange for an immediate sum of cash. If the case is successful, the advance is repaid according to the terms of the agreement. Lawsuit loan cost depends upon how much time elapses between the lawsuit advance and settlement. The purpose of settlement loans is to help litigants pay their expenses while their attorneys pursue justice and avoid the need to accept low offers just to “pay the bills”.
Lawsuit loans are not loans because traditional loans imply repayment at some point in the future. Lawsuit loan repayment depends upon the plaintiff “winning” the case. Thus, lawsuit loans are non-recourse settlement advances. This means the lawsuit “lender” cannot pursue the plaintiff personally for repayment. Instead, the sole source of repayment must be the settlement proceeds itself.
If you want to learn more about lawsuit loans, simply browse around this site. Here you will find all the answers to frequently asked questions regarding Hudson County lawsuit loans.
Hudson County, NJ Municipalities
Hudson County consists of only 12 municipalities. Hudson County lawsuit loans are available in the following cities:
- Bayonne
- East Newark
- Guttenberg
- Harrison
- Hoboken
- Jersey City
- Kearny
- North Bergen
- Secaucus
- Union City
- Weehawken
- West New York
How to Get Started
The process of obtaining a Hudson County lawsuit loan is simple.
- Contact us via Quick Application or give us a call.
- We contact you immediately and discuss your options.
- With your consent, we will discuss your case with your attorney.
- When approved, we forward a contract for you to sign.
- Once returned, we send funds via overnight courier or electronic bank transfer.
Fair Rate Funding is not just a lawsuit funding company. In most instances, we act as a direct lender. Our rates for lawsuit cash advances are among the lowest in the business.
Call us to get started. The call is FREE. There is no obligation.
