Newark, New Jersey Lawsuit Loans Help Plaintiffs
Lawsuit loans are essential lifelines for plaintiffs who need cash prior to settlement. Many injured plaintiffs are unable to work due to injuries, Newark lawsuit loans help Newark residents with immediate financial support.
What is a Newark Lawsuit Loan?
Newark lawsuit loans are specialty financial transactions offered to Newark, New Jersey plaintiffs who need cash prior to settlement. Also known as lawsuit funding or settlement loans, lawsuit loans are advances on a potential future settlement by a lawsuit funding company. In return for an immediate amount of cash, litigants pledge a portion of their settlement back to the company at the time of recovery. The amount depends on how much time elapses between funding and the receipt of settlement funds.
Despite its name, Newark lawsuit loans are not actually loans in the traditional sense. Traditional loans imply repayment and interest at some point in the future. Lawsuit loans are dependent upon a successful outcome. If the lawsuit is lost, the advance is not repaid. This unique feature of lawsuit loans in Newark and elsewhere means the lender cannot pursue the plaintiff personally for repayment. Thus, they are referred to as non-recourse agreements.
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Newark New Jersey Location and Neighborhoods
Newark is one of the nation’s oldest cities, NJ’s most populated city and is essentially part of the New York Metropolitan area. It is the county seat of Essex County and located approximately 10 miles west of Manhattan.
The city contains five political wards which include the North, South, Central, East and West Wards. Within each ward are a number of historic neighborhoods and villages.
North Ward
- Broadway
- Forest Hill
- Mount Pleasant
- Roseville
- Seventh Avenue
- Woodside
South Ward
- Clinton Hill
- Dayton
- Port Newark
- South Broad Valley
- Weequahic
Central
- Lincoln Park
- Downtown
- Government Center
- Springfield/Belmont
- University Heights
- Teachers Village
West
- Fairmount
- Ivy Hill
- Vailsburg
- West Side
East
- Ironbound (Down Neck)
- Four Corners
- Five Corners
- Gateway Center
Why Use Lawsuit Loans in Newark?
Lawsuit loans can be used for a variety of reasons. Most plaintiffs use the money to pay for:
- Medical treatment and surgery
- Living expenses
- Housing
- Transportation
- Past debts
- School tuition
- and more . . .
In truth, any use of a Newark lawsuit loan is proper since, unlike traditional car loans or mortgages, there are no restrictions. After all, it is the plaintiffs’ settlement money. The only difference is they are receiving it prior to actually settling the case.
How to Obtain a Newark Settlement Loan
Plaintiffs can experience both physical and financial hardship. If you live in Newark, have a lawsuit and need cash now, Fair Rate Funding can help you!
We offer our Newark, New Jersey area clients the best possible terms. We are a direct lender so whenever possible, we pass the savings along to you.
To get started, give us a call at 888-964-2224 or contact us today. We are here to help you get what you need, when you need it. When financial strain forces you to consider accepting less than you deserve, don’t wait – call Fair Rate and let us help you. Apply Now.
