Morris County Lawsuit Loans
Morris County lawsuit loans support plaintiffs while their lawsuits are pursued. They are cash advances to plaintiffs by lawsuit funding companies prior to settlement. Lawsuit loans allow plaintiffs to pay their expenses and allow them to reject low-ball settlement offers from insurers.
More About Morris County
Morris County is located in northern New Jersey approximately 30 miles west of New York City. It consists largely of farmland and suburban areas. Morris County ranks 10th of New Jersey’s 21 counties by population with over 500,000 residents. Its most populated city, Parsippany-Troy Hills has over 56,000 according to the 2020 United States Census. The county seat, Morristown, is home to county offices and the Superior Court of New Jersey, Morris County.
Morris County was named after Colonel Lewis Morris, governor of New Jersey in 1738–39. During the Revolutionary War, Morris County was known as The Military Capital of the American Revolution, because of its strategic location, which prompted Gen. George Washington and his Continental Army to make their winter encampments near Morristown on two different winters. Later, the area was an industry leader in iron ore production in the 1800’s.
Today, Morris County contains major shopping centers and is the home to major pharmaceutical companies such as Pfizer, Bayer and Novartis. Other Fortune 500 companies such Johnson & Johnson, Honeywell and Colgate-Palmolive are headquartered in Morris County.
Morris County Lawsuits and Funding
Morris County is part of the famous Northeast Corridor ranging from Washington, DC to Boston, Major roads such as Route(s) 80, 287, and 78 are part of the Interstate Highway System and run through the area. So do major US Route(s) 46,202 and 206. Millions of people travel through Morris County every day. This equates to many automobile accidents. The NJ Department of Transportation reported that Morris County had almost 15,000 crashes in 2019 of which 2,636 reported injuries.
Morris County is New Jersey’s seventh largest county. Multi-million dollar shopping centers and strip malls are prevalent throughout the county. Business invitees to these establishments naturally result in slip and falls, trip and falls, and other accidents.
When accidents occur, victims seek redress within the legal system. Injured plaintiffs seek justice by filing lawsuits in Morris County courts under the legal theory of negligence. Morris County Superior Court adjudicates most negligence actions in the area.
Lawsuits take time however, as the wheels of justice turn slowly. Many injured parties wait times range from many months to several years before they receive any type of compensation. This can lead to financial trouble, especially if plaintiffs can no longer work to pay their bills.
Financially strong insurers represent the vast majority of defendants in negligence lawsuits. They are aware of the precarious position of many injured plaintiffs and often use it to their advantage. Knowing plaintiffs struggle during litigation, insurers offer low-ball settlement offers hoping they will be accepted due to plaintiffs’ financial condition. The strategy sometimes is effective as some plaintiffs succumb to the financial pressure.
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What are Morris County Lawsuit Loans?
A lawsuit settlement loan provides cash in advance for a pending settlement award or lawsuit judgment. The types of cases commonly eligible for a lawsuit loan include:
- Personal injury
- Auto accidents
- Injuries in the workplace
- Slip and falls
- Medical malpractice
- Product liability
- Wrongful death
Lawsuit loans are specialty finance and are not actually “loans” in the traditional sense. Typical loans are repaid at some point in the future. Lawsuit loans are only repaid if the case is successful. Thus, lawsuit loans are non-recourse settlement advances. Because of the unique nature of these transactions, personal credit is not part of the underwriting process. This benefits many applicants since they are already in financial trouble.
If you want to learn more about lawsuit loans, give us a call or simply browse around this website. Here you will find answers to frequently asked questions regarding Morris County lawsuit loans.
Morris County, NJ Municipalities
Morris County consists of 39 municipalities. Morris County lawsuit loans are available in the following areas:
- Boonton
- Boonton Township
- Butler
- Chatham borough
- Chatham township
- Chester borough
- Chester township
- Denville
- Dover
- East Hanover
- Florham Park
- Hanover
- Harding
- Jefferson
- Kinnelon
- Lincoln Park
- Long Hill
- Madison
- Mendham borough
- Mendham township
- Mine Hill
- Montville
- Morris
- Morris Plains
- Morristown
- Mount Arlington
- Mount Olive
- Mountain Lakes
- Netcong
- Parsippany-Troy Hills
- Pequannock
- Randolph
- Riverdale
- Rockaway borough
- Rockaway township
- Roxbury
- Victory Gardens
- Washington
- Wharton
How to Get Started
The lawsuit loan process is very simple. We can have cash in your hands in as little as 24 hours. Simply contact us and give some details about your situation. We will contact your attorney and review the case.
Once approved, we send you a contract. When it’s returned, we send your cash via wire or overnight carrier. Call us and see how lawsuit funding can work for you.
