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Get a Lawsuit Loan: What You Need to Know

lawsuit loans

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How to Get a Lawsuit Loan

If you’re in the middle of a pending lawsuit and face financial stress, you may wonder how to get a lawsuit loan. Lawsuits can take months, even years, to resolve, leaving many plaintiffs struggling to cover daily expenses like rent, medical bills, or car payments. Lawsuit loans, also known as pre-settlement funding, offer a financial lifeline to help plaintiffs stay afloat until their cases resolve. In this post, we examine how to get a lawsuit loan and break down everything you need to know about these specialty financial products.

What Is a Lawsuit Loan?

Get a Lawsuit Loan

Lawsuit loans are cash advances to plaintiffs who are waiting for their lawsuits to resolve – either through trial or settlement. Although referred to as lawsuit “loans”, there are some distinct differences between personal loans and lawsuit loans. The most important of these is that lawsuit loans are non-recourse. This means plaintiffs only repay the advance if they are successful.

Technically, lawsuit loan contracts are a sale of a partial interest in the future proceeds of the case. As such, they are considered a partial transfer of property rights. It stands to reason that if someone purchases something, and that something becomes valueless, then it was a bad purchase. If a lawsuit fails, what the lawsuit lender purchased is worthless. The funder has no recourse against the plaintiff personally for repayment.

How Does Getting a Lawsuit Loan Work?

  1. Application Process: The first step in getting a lawsuit loan is applying with a lawsuit funding company. Plaintiffs must provide details about the case, including the type of lawsuit and the estimated settlement amount.
  2. Case Evaluation: The funding company reviews the case by working with the attorney, who generally provides the necessary paperwork. They assess factors like the strength of the claim, the estimated timeline for settlement, and the potential payout.
  3. Approval and Funding: If approved, plaintiffs receive a cash advance, usually within 24 to 48 hours via overnight courier (FedEx or similar) or Electronic Funds Transfer (EFT). The amount available typically depends on the expected settlement value.
  4. Repayment: Once settled, the lender is repaid from the settlement funds, including the principal and any agreed-upon fees or interest. If unsuccessful, the plaintiff is not obligated any further.

Benefits of Getting a Lawsuit Loan

  • Financial Relief: Lawsuit loans help cover essential expenses like medical bills, rent, or groceries while the case is pursued.
  • No Risk: Because lawsuit loans are non-recourse, there is no risk to plaintiffs.
  • Quick Access to Funds: Many lenders can provide funds within a day or two of approval, offering quick financial relief.

If You Have Any Questions, Call 888-964-2224

WE ARE HERE TO HELP YOU!

Things to Consider

Lawsuit loans are an option for plaintiffs and can be helpful in certain situations. They are not without cost. Here are some factors to keep in mind:

  • High Fees and Interest Rates: Lawsuit loans can come with high interest rates and fees, which can eat into what plaintiffs ultimately receive.
  • Need Evaluation: Lawsuit loans are used to cover essential expenses. Lawsuit loans are usually a last resort for plaintiffs in need.
  • Compare Lenders: Not all lawsuit loan companies are the same. Prudent plaintiffs compare terms, fees, and customer reviews before making a decision.
  • Attorney Cooperation: There is no funding without attorney cooperation. Lenders need information about the case and attorney involvement is crucial. Attorneys must also promise to repay the advance at the time of disbursement.
  • Lawsuit loans have high qualification requirements: Lawsuit loans are non-recourse. Accordingly, lawsuit funding underwriters may deny lawsuit loan applications if its outcome is uncertain. 

Who Can Qualify?

Getting a lawsuit loan is typically an option for plaintiffs involved in cases like:

  • Personal injury claims
  • Medical malpractice lawsuits
  • Employment cases
  • Civil Rights lawsuits
  • Product liability cases

To qualify for lawsuit loans, cases must have a strong chance of success, and plaintiffs must be represented by an attorney.

How to Choose the Right Lawsuit Loan Company

When getting a lawsuit loan, it’s essential to work with a reputable funding company. Smart plaintiffs look for lenders that:

Final Thoughts on Getting a Lawsuit Loan

Getting a lawsuit loan can provide much-needed financial relief during a stressful time. However, it’s essential to understand the costs and terms before making a decision. Prudent plaintiffs work closely with their attorneys to determine whether a lawsuit loan is appropriate and to ensure the choice of a reputable lawsuit funding company. By doing research, plaintiffs can make an informed choice and focus on winning their cases without added financial stress.

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Lawsuit Loans Help Your Lawsuit – Here’s How

Engaging in a lawsuit can be both emotionally and financially draining. For plaintiffs facing mounting bills and daily expenses, lawsuit loans offer a financial bridge to ease the pressure. These loans can provide significant benefits, particularly when used strategically. In this post, we explore how lawsuit loans help your lawsuit and why they are worth considering.

Reduces Financial Pressure During Litigation

One of the most immediate ways lawsuit loans help your lawsuit is by alleviating the financial stress of everyday expenses. When you’re waiting for your case to settle, bills like rent, utilities, or medical costs don’t stop. A lawsuit loan gives you the financial breathing room to focus on your case rather than worrying about how to make ends meet.

Lawsuit Loan Basics

Lawsuit loans, also known as legal funding or pre-settlement advances are financial transactions where plaintiffs sell a portion of their recovery ahead of time. They are used most often in civil litigation where legal system delays result in many months or even years to elapse before plaintiffs receive compensation.

Unique Lawsuit Loan Structure

Lawsuit loans are structured as a sale of future property rights and as such are not actually loans in the traditional sense. While traditional lending requires repayment (with interest) at some point in the future, lawsuit loan repayment is entirely dependent upon a successful outcome. In other words, if a lawsuit fails, lawsuit loans are not repaid.

According to the terms of most lawsuit loan contracts, repayment must come from the settlement proceeds themselves. Thus, they are often referred to as non-recourse funding – meaning lawsuit lenders have no recourse against plaintiffs personally. Plaintiffs who receive lawsuit funding and later lose their lawsuit are not responsible for repayment.

This structure ensures that plaintiffs aren’t burdened with additional debt if their case doesn’t go as planned, making it a relatively low-risk option for those in need.

Lawsuit Loan Purpose

Lawsuit loans help plaintiffs pay their expenses while their cases matriculate through the legal process. They are often used to pay living or other expenses while cases progress. This way, plaintiffs can resist accepting low-ball settlement offers due to personal financial trouble.

How Lawsuit Loans Help Your Lawsuit

Lawsuit loans benefit plaintiffs with immediate cash flow. However, lawsuit loans can help your lawsuit as well. Below are the top ways lawsuit loans help your lawsuit:

Reduces Financial Pressure During Litigation

One of the most immediate ways lawsuit loans help your lawsuit is by alleviating the financial stress of everyday expenses. When you’re waiting for your case to settle, bills like rent, utilities, or medical costs don’t stop. A lawsuit loan gives you the financial breathing room to focus on your case rather than worrying about how to make ends meet.

Allow Time for a Fair Settlement

Defendants and insurance companies often exploit plaintiffs’ financial hardships by offering low-ball settlements. Lawsuit loans help your lawsuit because you can afford to wait for a settlement that reflects the true value of your claim. This ability to hold out can often lead to a significantly higher payout.

Your legal team may need time to build a compelling case, gather evidence, and negotiate effectively. Lawsuit loans help your lawsuit by ensuring you don’t rush the process out of financial desperation. With less pressure to settle quickly, your attorneys can pursue the best possible outcome for your case.

In some cases, plaintiffs use lawsuit loans to cover litigation costs, such as expert witnesses, depositions, or court fees. Investing in these elements can strengthen your case, increasing the likelihood of a favorable outcome. By providing the resources you need to present a strong argument, lawsuit loans help your lawsuit directly.

Medical Treatment and Expenses

Lawsuit loans help your lawsuit when used to pay for medical treatment and surgery costs. Accident victims often require extensive medical treatment. Diagnostic testing, surgical intervention, physical therapy, and rehabilitation can be expensive, especially for serious injuries. Some injured plaintiffs compile hundreds of thousands of dollars in medical debt.

Medical costs can be paid with lawsuit loan advances after treatment but also can be paid up-front with programs known as surgery lawsuit loans. Surgical lawsuit funding negotiates an up-front fee for surgery and pays the provider directly. When the case is resolved, the cost for the surgery is repaid. When surgery is not offered under a letter of protection, lawsuit loans can help your lawsuit by paying for necessary surgical procedures at the time of treatment.

If You Have Any Questions, Call 888-964-2224

WE ARE HERE TO HELP YOU!

Who Can Benefit Most from Lawsuit Loans?

While there are many lawsuit loan case types, these transactions are particularly helpful for plaintiffs involved in lawsuits such as:

  • Personal injury
  • Medical malpractice
  • Wrongful death
  • Employment disputes

This is because the above case types often involve a reduction or elimination of incoming household revenues. Personal injury accidents may prohibit plaintiffs from working as they did before the accident. Likewise, wrongful employment cases can reduce a plaintiff’s income. Lawsuit loans help your lawsuit by helping you with financial support.

Tips for Choosing a Reputable Lawsuit Loan Provider

Reputable lawsuit loan companies are transparent with their terms and conditions. Fortunately, shopping for lawsuits has never been easier. Look for lenders with transparent terms and competitive rates. You can also search a lender’s Better Business Bureau profile for more information.

You can also consult your attorney to make sure your case is a viable case for lawsuit funding solutions. Many attorneys have working relationships with lawsuit lenders. This can aid in the search and offer the most competitive terms available.

Finally, make sure you’re clear on repayment obligations and potential costs. Virtually all you need to know about lawsuit loans is discussed in our lawsuit loan blog articles. If you cannot find the answer you are looking for, simply give us a call or contact us online. A live lawsuit loan representative will be happy to assist you.

Why Choose Fair Rate Funding

You obviously have a choice in who you use for legal funding. We offer:

  • Simple and Easy Process – Approval only on the strength of your case.
  • Risk – Free Proposition – Only repay if you win your case.
  • Rapid Approval and Funding – Approvals often within 24 hrs.
  • Up Front Pricing – Absolutely no hidden fees.

Give us a call and learn about your options. We are here to help and are at your service.

Conclusion

For many plaintiffs, lawsuit loans help their lawsuit by providing the financial stability needed to pursue justice without compromising their daily lives. While these loans should be used carefully and as a last resort, they can be a powerful tool to level the playing field against well-funded defendants.

By choosing the right lender and using the funds strategically, lawsuit loans can be an asset in securing a fair and favorable settlement.

Thank you for your interest in Fair Rate Funding.

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Understanding Up Front Lawsuit Funding Fees

If you’re researching lawsuit loans to cover expenses while waiting for your case to settle, you may have come across the term “up front lawsuit funding fees.” In this post, we examine the use of these fees and hopefully gain a better understanding of their place in the legal landscape.

Lawsuit Funding Basics

Up Front Lawsuit Funding Fees

Lawsuit funding, also known as lawsuit loans or pre-settlement funding, are specialty financial transactions with advance cash to plaintiffs involved in pending litigation. Although referred to as lawsuit loans, these deals are actually a sale of the potential future recovery in a case. Thus, they are not loans in the traditional sense. One major difference is that repayment only occurs if the case is successful. If the case is lost, no repayment is due.

Settlement loans are most commonly used in personal injury cases, including automobile accidents, medical malpractice, and premises liability cases. They provide financial relief to plaintiffs who need money for daily expenses, medical bills, or other urgent costs while their legal cases progress.

What Are Up Front Lawsuit Funding Fees?

Up front lawsuit funding fees refer to the charges some lawsuit funding companies require borrowers to pay before receiving an advance on their expected settlement. These fees may cover administrative costs, application processing, or other services provided by the lender. While most reputable lawsuit funding companies DO NOT charge these fees, it’s important to clarify this when discussing terms with a lawsuit lender.

Common Types of Up Front Fees in Lawsuit Funding

The most common types of up front fees in lawsuit funding are:

  • Application Fees – Some lenders charge a non-refundable fee for processing your application and evaluating the merits of your case.
  • Origination Fees -This fee is a percentage of the funded amount, meant to cover the cost of finding the investment. Origination fees are sometimes payments to lawsuit loan brokers for their services.
  • Administrative Fees – These cover the cost of setting up your funding agreement and managing documentation.

Up Front Lawsuit Funding Fees Are Not Common Practice?

Many reputable lawsuit funding companies do not charge up front fees. Instead, they structure their costs as a portion of the settlement amount, payable only if you win your case. This type of arrangement—called “non-recourse funding”—is often more borrower-friendly, as it eliminates financial risk if your lawsuit is unsuccessful.

When comparing funding options, look for transparency in the fee structure and avoid companies with hidden or vague charges. Reputable lenders are upfront about their costs and typically don’t require payment until your case is resolved.

If You Have Any Questions, Call 888-964-2224

WE ARE HERE TO HELP YOU!

Avoiding Up Front Lawsuit Funding Fees

Here are some tips to avoid up front fees when exploring lawsuit funding options:

Search for Well Established Funders

Although lawsuit funding appeared in the legal landscape fairly recently (20 years or so), the business has evolved enough for industry leaders to adopt lawsuit loan best practices. These are designed to take the mystery out of the lawsuit loan process and offer transparency in the transaction.

Research Reputable Companies

Look for companies with lawsuit loan reviews and a clear fee structure. You can also ask your lawyer to recommend a company. Most plaintiff firms have funders they feel comfortable with. Attorneys who have a good working relationship with a lawsuit funder benefit both attorneys and clients.

Ask Questions

Before signing an agreement, ask about any up front lawsuit funding fees and whether they are mandatory. Reputable companies will not shy away from this information. If they do, it is possible they are not offering the best deal.

Read the Fine Print

Once a contract is prepared and forwarded for execution, carefully review the terms and conditions to ensure you understand the full cost of borrowing. A funder which requests up front payment of application, processing or other fees will likely have those conditions on the contract at the time of closing.

The Bottom Line

While most fundable lawsuits are similar, some are simply outside the box of your typical personal injury case. In these instances, up front lawsuit funding fees might be appropriate. However, in the overwhelming majority of scenarios, these fees are not part of the industry’s best practices. Clearly, it’s better to work with a lender that doesn’t require up front fees and only collects payment when your case is successful. After all, being short of cash is the very reason you seek lawsuit funding in the first place. Requiring up front fees creates an often necessary burden added to an already troublesome situation.

By thoroughly researching your options and asking the right questions, you can secure lawsuit funding that aligns with your financial needs while avoiding unnecessary costs.

Fair Rate Funding Costs and Fees

Fair Rate Funding NEVER charges up front lawsuit funding fees. In fact, our rates are among the lowest in the business.

Why Choose Fair Rate Funding

You obviously have a choice in who you use for legal funding. We offer:

  • Simple and Easy Process – Approval only on the strength of your case.
  • Risk – Free Proposition – Only repay if you win your case.
  • Rapid Approval and Funding – Approvals often within 24 hrs.
  • Up Front Pricing – Absolutely no hidden fees.

Give us a call and learn about your options. We are here to help and are at your service.

Lawsuit Loan

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What are Lawsuit Loans? – Asked and Answered

Many people are curious about what lawsuit loans are and how they differ from traditional loans. Essentially, a lawsuit loan is a cash advance for plaintiffs expecting a settlement. The loan is secured against the potential future settlement, and repayment is only required if the plaintiff wins or settles the case. In this post, we explore the question: “What are lawsuit loans?”. We uncover what lawsuit loans are, how they work, their pros and cons, key factors to consider, and offer insights as to their use.

Understanding What Are Lawsuit Loans

What are Lawsuit Loans

A lawsuit loan, also known as legal funding or pre-settlement funding, is a cash advance provided to plaintiffs involved in pending lawsuits. Lawsuit loans are not loans in the traditional sense since repayment only occurs if the case is successful. Instead, they are a partial sale of the lawsuit’s future recovery. Because of this, lawsuit funding companies cannot pursue plaintiffs personally for repayment. Repayment must come from the settlement proceeds themselves. If the case is lost, no repayment is due.

Settlement loans are most commonly used in personal injury cases, including automobile accidents, medical malpractice, and workers’ compensation claims in some states. They provide financial relief to plaintiffs who need money for daily expenses, medical bills, or other urgent costs while their legal cases progress.

How They Work

The lawsuit loan process generally progresses through the following steps:

  1. Application: Plaintiffs apply for funding through a pre-settlement funding “lender”. The application process involves providing information about the case and the attorney handling it.
  2. Case Evaluation: The lender reviews the case details, focusing on its strength, potential settlement amount, and expected time frame. Unlike traditional loans, credit history or income levels are not key factors for approval.
  3. Approval and Offer: If lenders see the case’s potential, an offer is made. How much funding is available depends on the estimated value of the case and other factors. The amount offered is usually a fraction of the anticipated settlement value. A general rule of thumb is 10-15% of the case’s prospective settlement value, if the case were to settle immediately.
  4. Repayment: If the plaintiff wins or settles the case, the lender is repaid from the proceeds and in accordance with the lawsuit loan contract. If the case is lost, the plaintiff owes nothing.

This non-recourse feature makes legal funding unique, as they pose a lower financial risk to plaintiffs compared lawsuit loan alternatives.

If You Have Any Questions, Call 888-964-2224

WE ARE HERE TO HELP YOU!

Understanding the pros and cons of pre-settlement funding also helps understand what they are. When considering a lawsuit loan, plaintiffs benefit from weighing the benefits and drawbacks to make an informed decision. Lawsuit loan benefits include:

  • Immediate Financial Relief – Legal funding provides immediate cash, which are normally used to cover living expenses, medical bills, or other expenditures during the lengthy litigation process.
  • No Credit Checks – Credit scores are irrelevant for pre-settlement funding approvals. Access to legal funding is based on the case’s merits of the case, not the plaintiff’s credit score or income. Thus, plaintiffs who might not qualify for personal loans can still obtain lawsuit funding.
  • Non-Recourse: If the lawsuit yields no recovery, no repayment is made. This makes lawsuit loans a risk free option for plaintiffs.

Lawsuit loan critics point to multiple problems. These include potentially high costs associated with the additional risk lawsuit lenders assume in the transaction. Lawsuit loan rate structures can vary but most reputable lawsuit funding companies will charge 18% every six-months after the advance date. Lawsuit loan fees can also contribute to the final repayment amount.

While costs are generally higher than personal loans, legal funding offers a specialty marketplace in which plaintiffs can sell a portion of their lawsuit prior to recovery. This service has risk and is priced accordingly. Characterizing lawsuit loans as predatory simply mislabels the free market’s response to plaintiffs’ legitimate needs.

What Are the Lawsuit Loan Requirements?

To qualify for a pre-settlement funding, plaintiffs typically need to meet several requirements:

  • Active Legal Case: You must have an ongoing lawsuit with a potential for monetary compensation.
  • Attorney Representation: An attorney must be handling your case, usually on a contingency fee basis (i.e., they get paid only if the case wins).
  • Strong Case Merits: The case needs to show a reasonable chance of success, as this determines the lender’s willingness to provide funding.

Types of Lawsuit Loans

Pre-settlement funding comes in several varieties, each catering to different legal needs:

  • Plaintiff Pre-Settlement Funding: This is the most common type, providing cash advances while the case is ongoing. The money is repaid if the case ends favorably.
  • Plaintiff Post-Settlement Funding: For plaintiffs who have already reached a settlement but are waiting for the payout, post-settlement funding provides a bridge loan.
  • Attorney Funding: This type supports law firms working on contingency, helping them cover costs related to case preparation.

Is a Lawsuit Loan Right for You?

Lawsuit loans are financial tools designed to help plaintiffs manage expenses during the course of a legal case. They offer significant benefits by providing non-recourse funds but come with high costs that can affect the final settlement amount. Understanding what legal funding is, how it operates, and what factors to consider can help you make a sound decision tailored to your financial needs during a legal battle.

Deciding whether to take a lawsuit loan requires a careful assessment of your financial situation and case prospects. If you have any questions regarding pre-settlement funding, give us a call at 888-964-2224. A live lawsuit loan representative will pick up the phone and answer all your questions.

Why Choose Fair Rate Funding

You obviously have a choice in who you use for legal funding. We offer:

  • Simple and Easy Process – Approval only on the strength of your case.
  • Risk – Free Proposition – Only repay if you win your case.
  • Rapid Approval and Funding – Approvals often within 24 hrs.
  • Up Front Pricing – Absolutely no hidden fees.

Give us a call and learn about your options. We are here to help and are at your service.

Lawsuit Loan

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How to Repay Lawsuit Loans

Lawsuit plaintiffs often face financial strain. Lawsuit loans, also known as legal funding or settlement loans, can be a financial lifeline. They provide financial relief by offering immediate cash during litigation. Some questions may arise as to how to repay lawsuit loans. This post will examine this question in detail. In so doing, we’ll break down everything you need to know about repaying lawsuit loans, including how they work, your repayment options, and tips to manage the process effectively.

What Are Lawsuit Loans?

Lawsuit loans are non-recourse loans, which means you don’t have to repay the loan if you lose your lawsuit. The loan is typically advanced against a potential settlement or judgment from your legal case. How much of an advance depends on the strength of the case, the attorney’s opinion, and the projected settlement value of the lawsuit.

While lawsuit loans can be a great way for plaintiffs to get cash when they’re in a financial bind, these financial transactions can be costly. Settlement loan cost is one of the main lawsuit loan criticisms offered by opponents.

Understanding How Lawsuit Loan Repayment Works

Because personal loans and lawsuit loans are not the same, repayment is a bit different. Here’s how it typically works:

Repay Lawsuit Loans

Repayment Source

Lawsuit loans are repaid from the proceeds of your settlement or judgment. This means that you won’t make monthly payments, and the loan is only repaid when you win or settle the case. It also means the lawsuit “lender” cannot pursue a plaintiff personally for repayment. According to most lawsuit loan contracts, repayment must come from the lawsuit proceeds themselves.

Repayment Amount

When your case is resolved, the lender will be paid from the settlement or judgment amount. The loan repayment includes the amount borrowed, plus any fees or interest that have accrued. Some lawsuit loans may carry compound interest, which can accumulate quickly (See this post comparing compound and simple interest charges in lawsuit loans).

Non-Recourse Loan

Since lawsuit loans are non-recourse, you won’t have to repay the loan if your case is unsuccessful. However, if you win or settle, the lender will take their portion directly from your settlement before you receive the rest. Again, lenders cannot pursue repayment from plaintiffs personally. Lawsuit advances must come from lawsuit proceeds.

How Lawyers Repay Lawsuit Loans

Repaying lawsuit loans is largely dependent on the outcome of your case. When a case is successful (there is a recovery), the proceeds are generally deposited into an Attorney Trust Account. These are accounts set up by attorneys, under the guidelines of state bar associations, from which client funds are held and disbursed. It is from these accounts that attorneys pay any and all liens on the file. These might include:

After these liens are paid, plaintiffs receive the remainder of the funds.

If You Have Any Questions, Call 888-964-2224

WE ARE HERE TO HELP YOU!

Understanding How to Repay Lawsuit Loans

Before you search for lawsuit loans, it’s essential to fully understand common terms and conditions. Pay attention to:

  • Interest rates: Lawsuit loan interest rates are often higher than traditional loans, sometimes exceeding 30% or more annually.
  • Fees: In addition to interest, lenders may charge administrative fees, processing fees, and other costs. Lawsuit loan fees add to the total repayment amount.
  • Repayment conditions: Be clear on how the lender will be repaid and the consequences of losing the lawsuit. Make sure the deal is non-recourse and that no repayment is due in the event you lose your case.

Other considerations should also be examined. These commonly include:

Attorney Participation

Your attorney must participate in the lawsuit loan process. In fact, attorney cooperation is the number one reason why lawsuit loans are approved for funding. You should know that there are ways you can help your attorney with your settlement loan application. By understanding the proper way to handle the process, you will be in a better position to secure the best possible terms while still receiving the help you need.

Prepare to Repay the Lawsuit Loan In Full

Offering plaintiffs lawsuit loans is a business. And businesses want to profit. Without profits, there is no business. So when you win your case, and you’re awarded a settlement or judgment, prepare to repay the lawsuit loan in full, in accordance with the terms of the agreement. As described above, any lawsuit loan repayment is deducted from your total settlement amount. While repayment reduces the amount you receive at the time of disbursement, remember you already received a portion of your recovery in advance.

Plan for Your Post-Settlement Finances

Once your case is resolved, planning for your financial future can be crucial. Set aside funds to pay off the lawsuit loan promptly. Remember, repayment is made through an attorney trust account. You are left with the remainder. Consider how you will manage your remaining funds responsibly to avoid falling into financial difficulty again.

Avoid Additional Loans

While lawsuit loans can provide immediate relief, taking out multiple lawsuit loans can quickly snowball into a very large payoff amount. Be cautious when considering additional lawsuit loans. Only borrow what is necessary for your immediate financial needs.

Conclusion

Repaying lawsuit loans requires careful planning, awareness of the loan terms, and collaboration with your attorney and lender. It’s essential to fully understand the repayment process, including interest rates, fees, and your options for repaying the loan once your lawsuit is resolved. This understanding can ensure that repaying lawsuit loans doesn’t become a burden once your case reaches a conclusion.

If you’re considering taking out a lawsuit loan, give us a call or apply online today. We’ve been helping plaintiffs with financial support since 2007.

Why Choose Fair Rate Funding

You obviously have a choice in who you use for legal funding. We offer:

  • Simple and Easy Process – Approval only on the strength of your case.
  • Risk – Free Proposition – Only repay if you win your case.
  • Rapid Approval and Funding – Approvals often within 24 hrs.
  • Up Front Pricing – Absolutely no hidden fees.

Give us a call and learn about your options. We are here to help and are at your service.

Lawsuit Loan

Apply Now

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How to Avoid Predatory Lawsuit Loans

Lawsuit loans are a valuable tool for plaintiffs who need immediate cash while waiting for their lawsuits to resolve. Lawsuit loans are a financial lifeline for those facing lengthy legal battles. Critics however point to predatory lawsuit loans as a legitimate concern. They say that predatory lawsuit loan terms trap unsuspecting plaintiffs with confusing terms, and vague repayment communication. In this post, we explore predatory lawsuit loans in more detail, discussing what they are, how to spot them and what can be done to avoid the trap.

What Are Predatory Lawsuit Loans?

Predatory Lawsuit Loans

Lawsuit loans are defined as specialty financial transactions where plaintiffs sell a portion of their future recovery in return for an upfront amount of cash. Lawsuit loans are largely unregulated in many states. This leaves lawsuit lenders wide latitude in how much they charge for this service. Market forces generally do a good job in establishing competitive pricing since lenders compete for fundable lawsuits. However, because companies can charge whatever a plaintiff is willing to accept, some plaintiffs pay more than they otherwise should, if they are unaware of other viable alternatives.

Predatory lawsuit loans refer to high-cost, and often misleading funding terms that prey on vulnerable individuals. While traditional lawsuit loans best practices typically offer some degree of fairness, not all funding companies adhere to those policies. Instead, predatory loans come with exorbitant fees, sky-high interest rates, and unclear terms that can result in plaintiffs owing much more than necessary.

These types of loans are typically offered to plaintiffs who have filed personal injury, employment discrimination, or other types of lawsuits, and they are often marketed as “no-risk” or “non-recourse” loans. This means that if the plaintiff loses their case, they are not required to repay the loan. However, the high cost and the lack of clear terms can make it very difficult for plaintiffs to make informed decisions in predatory situations.

Qualities of Predatory Lawsuit Loans

The basic premise of a lawsuit loan is that the lender advances money to the plaintiff in exchange for a portion of the potential settlement or judgment. While this may sound reasonable, predatory lawsuit loans often operate under the guise of “fast cash” without properly disclosing the costs involved. They generally involve the following:

  1. High Fees and Interest Rates: Predatory lenders often charge excessive interest rates, which can result in the plaintiff owing far more than they borrowed. These interest rates are frequently structured as daily or monthly compounded rates, which means the debt grows rapidly over time.
  2. Unclear or Confusing Terms: Many predatory lenders hide fees or fail to explain the full cost of the transaction. Plaintiffs may be unaware of the true amount they will owe if they settle their lawsuit.
  3. Large Percentage of the Settlement: In many cases, the lender will take a substantial portion of the plaintiff’s settlement or award. This could be as high as 30%-50% or more, leaving the plaintiff with far less than expected.
  4. Pressure Tactics: Some predatory lenders employ aggressive marketing strategies, pressuring plaintiffs to accept loan offers quickly without fully understanding the terms.
  5. No Clear Timeline: Predatory lawsuit loans often lack transparency regarding the loan’s repayment structure or timeline. This makes it difficult for plaintiffs to know what portion of their settlement will be used to repay the lawsuit loan.

If You Have Any Questions, Call 888-964-2224

WE ARE HERE TO HELP YOU!

Red Flags of Predatory Lawsuit Loans

Recognizing predatory lawsuit loans can be challenging, but there are a few things to look for. Here are some signs that you may be dealing with an exploitative predatory lawsuit loan:

Extremely High Fees

Most lawsuit loan criticism involves high repayment costs. Look for loans that charge excessive fees or compound interest rates. Some lawsuit loan fees are common and represent the cost of providing lawsuit loans to customers. Others can be simply designed to gouge a financially vulnerable plaintiff. If the fees seem unusually high compared to industry standards, you may be dealing with a predatory lender.

Vague Terms

If the lender does not provide clear, written terms or is unwilling to explain all aspects of the loan agreement, this is a significant red flag. Terms should be clear and easily understood. Most reputable lawsuit funders place the pricing schedule on the front page of the contract. If you are unsure as to what any terms mean and the company will not explain them, perhaps it is time to look elsewhere for funding.

Pressure to Sign Quickly

If a lender pressures you to accept an offer immediately without giving you the time or resources to understand the terms, they may be simply trying to get the deal done regardless of the plaintiff’s needs. Legitimate businesses rarely feel the need to use these tactics. They fund cases every day – it’s the clients which normally need to get the deals done quickly.

High Repayment Percentage

Be wary of offers that ask for a large percentage of your settlement, particularly if the loan repayment could leave you with little to nothing after the case is resolved. The majority of plaintiff funding applies a percentage rate and amount of time between funding and payment to the lawsuit loan contract amount. Plaintiffs can easily shop for lawsuit loans online and compare pricing.

How to Avoid Predatory Lawsuit Loans

When considering lawsuit loans, plaintiffs would do well to take steps to protect themselves from predatory lending practices. Here are some tips to help you make an informed decision:

  1. Do Research: Take the time to research different lawsuit loan providers. Look for lawsuit loan companies that have good reviews, are transparent with their fees and terms, and are willing to answer your questions in detail.
  2. Understand the Terms: Before agreeing to any loan, carefully read the terms and conditions. Pay attention to the interest rates, fees, and repayment structure. Ask the lender to explain anything you don’t understand, and don’t sign anything until you are clear about what you’re agreeing to.
  3. Seek Professional Advice: Consult with a financial advisor or attorney before taking out a lawsuit loan. They can help you assess whether borrowing money is in your best interest and may help you find more reasonable alternatives.
  4. Consider Alternative Financing Options: In some cases, it may be better to explore other financing options, such as personal loans, credit lines, or borrowing from family or friends. While these options may not be ideal, they can offer more favorable terms than lawsuit loans.
  5. Work with Reputable Companies: Only work with well-established legal funding companies (Fair Rate Funding – Since 2007). A reputable company will have clear terms, transparent fees, and a strong track record of customer satisfaction.
  6. Check for State Regulations: Some states have laws regulating settlement funding, including caps on interest rates and fees. Be sure to research your state’s laws to ensure that the lender is in compliance with these regulations.

Conclusion

Lawsuit loans are a viable solution for plaintiffs’ immediate financial problems. Getting saddled with a predatory lawsuit loan can be a disaster. Understanding the potential pitfalls and taking steps to protect yourself, you can avoid falling into the trap of predatory lending. Always read the fine print, ask questions, and consult with professionals before making any decisions about lawsuit funding. Remember, while a lawsuit loan can provide temporary relief, it’s important to ensure that you’re not sacrificing your entire recovery in the process.

If you find yourself in need of financial assistance during a lawsuit, give us a call to discuss your options. You will reach a live lawsuit loan representative who will answer all your questions. With proper guidance, plaintiffs can get the help they need while avoiding predatory practices.

Thank you for your interest in Fair Rate Funding.

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Understanding Lawsuit Loan Eligibility

If you’re involved in a legal battle and facing financial difficulties, you might be considering a lawsuit loan to help cover expenses. However, not everyone qualifies for this type of funding. Understanding the criteria can help you determine if you are eligible for a lawsuit loan and guide you through the process.

What is a Lawsuit Loan?

Eligible for a Lawsuit Loan

A lawsuit loan, also known as pre-settlement funding, is a cash advance against a potential settlement in a lawsuit. It allows plaintiffs to obtain part of their expected compensation prior to the case’s resolution and is particularly beneficial for individuals who are struggling with medical bills, living expenses, or other financial obligations during the lengthy legal process.

Lawsuit loans and personal loans differ in a myriad of ways. The most important difference is that lawsuit loans are structured as a sale of a potential recovery. Thus, repayment is contingent upon winning the case. Lawsuit loans are therefore “non-recourse” funding which means funding companies cannot pursue repayment directly from the plaintiffs personally. Repayment must come from the lawsuit proceeds directly.

Key Factors for Lawsuit Loan Eligibility

To determine if you are eligible for a lawsuit loan, several factors are taken into consideration:

Type of Case

The nature of your legal case significantly impacts your eligibility. Lawsuit loans are typically available for personal injury cases, medical malpractice, wrongful termination, and certain consumer protection cases. If your case falls into one of these categories, you may qualify for a lawsuit loan.

Case Status

Lawsuit lenders will evaluate the current status of your case. Generally, you should have already filed a lawsuit/claim, have an attorney on contingency fee retainer and your case should be moving forward.

Strength of the Case

Lenders assess the strength of your case based on the evidence and potential damages. If your attorney believes you have a strong case with a high likelihood of a favorable outcome, you are more likely to be eligible for a lawsuit loan. Providing documentation, such as your attorney’s assessment, can strengthen your application.

Attorney’s Involvement

Having an attorney is crucial when applying for a lawsuit loan. Lenders require verification from your attorney regarding the details of your case. This ensures the lender has accurate information about the case’s viability and potential settlement amount. Attorneys must also sign part of the lawsuit loan contract acknowledging the transaction.

Financial Need

While financial need is not always a formal requirement, demonstrating that you are experiencing financial hardship can help your lawsuit loan application. Many individuals seeking a lawsuit loan are facing mounting medical bills or inability to meet living expenses, making it essential to communicate your financial situation effectively.

If You Have Any Questions, Call 888-964-2224

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The Application Process

If you believe you are eligible for a lawsuit loan, the application process is relatively straightforward:

  1. Initial Consultation: Most lenders offer a free consultation to evaluate your case. This is an opportunity to discuss the specifics of your situation and gauge your eligibility.
  2. Documentation Submission: You will need to provide relevant documents, including case details, attorney information, and any evidence supporting your claim.
  3. Case Underwriting: Lawsuit loan underwriters assess your case’s strength and potential settlement amount. This may involve contacting your attorney for additional insights.
  4. Funding Agreement: If approved, you will receive a funding agreement outlining the terms, including repayment conditions. It’s crucial to read this carefully and consult your attorney before proceeding.
  5. Receive Funds: Upon signing the agreement, you’ll receive the funds either by electronic funds transfer (EFT) or overnight check. The lawsuit loan process usually lasts a few days but often within 24 hours.

Lawsuit Loan Eligibility Takeaways

Understanding whether you are eligible for a lawsuit loan can provide significant relief during a stressful legal process. By assessing the type of case you have, its status, and the strength of your claim, you can determine your chances of securing funding. If you’re facing financial challenges while awaiting your settlement, exploring lawsuit loans may be a viable solution.

If you find yourself in need of financial support during your lawsuit, don’t hesitate to give us a call. You might just discover that you are eligible for a lawsuit loan, paving the way for a smoother legal journey.

Thank you for your interest in lawsuit loan eligibility and Fair Rate Funding.

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Lawsuit Loan Fees – What You Need to Know

Lawsuit loans, also known as pre-settlement funding, are financial transactions which serve as a financial lifeline for plaintiffs awaiting settlements during lengthy legal battles. They are offered in an unregulated marketplace and as such, pricing can vary immensely. Those wishing to obtain lawsuit loans would do well in understanding lawsuit loan transactions and their cost. In this post, we examine these costs by listing the most common types of lawsuit loan fees. The hope is that you can make informed decisions in your search for financial relief.

What Are Lawsuit Loans?

Lawsuit loans are not typical loans. Instead, they are cash advances provided to plaintiffs based on the anticipated settlement or judgment in a pending lawsuit. If the case is won, the plaintiff repays the lender out of the lawsuit proceeds. If the plaintiff loses the case, the lawsuit loan is not repaid. This non-recourse nature of lawsuit loans makes them attractive, but it also comes at a higher cost.

Personal loans and lawsuit loans are different. Lawsuit “lenders” risk money on advances that may never be repaid. Regular loans imply repayment at some point in the future. Lawsuit loans are entirely dependent upon a successful outcome. They carry more risk. And that additional risk must be reflected in lawsuit loan costs.

Common Types of Lawsuit Loan Fees

Fees on financial transactions generally consist of two types. First, there are up front fees which reflect the costs of investigating the transaction and whether it will be profitable for the lending institution. Second, fees associated with the processing of the transaction itself which are contained in the financial contract signed by the grantor and receiver of the money.

Lawsuit Loan Fees

Up Front Lawsuit Loan Fees

You will generally NOT see upfront lawsuit loan fees in the legal funding industry. This makes sense because plaintiffs seeking lawsuit loans are usually doing so as a last resort to solve their financial troubles. If a plaintiff is having financial issues, upfront lawsuit funding fees are an unnecessary barrier to securing the help they need.

On Contract Lawsuit Loan Fees

The cost of processing lawsuit loans can be offset by on-contract fees. These fees are added to the advance amount and the resulting sum is often referred to as the “purchase price”. That is, the amount of money paid by the lawsuit lender (buyer) to the plaintiff (seller) in the transaction. Remember, plaintiffs sell a portion of their recovery in lawsuit loan transactions. The deals are structured as a transfer of property rights in a portion of the future proceeds of a lawsuit, if any.

Lawsuit loan fees can have any number of labels placed on them. Below we explore some of the more common lawsuit loan fee types.

Lawsuit Loan Rates

One of the most significant costs associated with lawsuit loans is the lawsuit loan rate. Lawsuit loans generally use two different types of rate structures – compounded and non-compounded. Compounded rates calculate repayment by charging a monthly percentage rate applied to the purchase price. The next month, the percentage rate is calculated on the previous month’s balance and so on. Thus, the rate “compounds” on the balance and can be more expensive if the lawsuit drags on for years.

Non-compounded lawsuit loan rates are more common in the industry and companies compete for good cases to fund. This type calculates the percentage rate on the original amount and adds it the payoff. The calculation is always on the original purchase price and not on the payoff balance. To better understand the differences between the two rate structures, please refer to Lawsuit Loans – Getting Down to the Truth.

Fair Rate Funding charges a “fair” rate of 18% of the contract amount every six (6) month period thereafter for preferred cases. We also provide a lawsuit loan price guarantee – if we approve your application and another legal funding company sends you a written contract to advance the same amount at a lower total cost, we will beat that deal or pay you $250 guaranteed!

Origination Fees

Some lawsuit lenders charge lawsuit loan origination fees, which cover the cost of acquiring the case. These are typically a percentage of the loan amount and are added to the advance amount as describe above. Origination fees are common when lawsuit funding brokers refer their clients to funding companies. They need to be compensated for their work and the origination lawsuit loan fee represents this compensation.

Processing Fees

Processing fees are lawsuit loan fees which cover administrative tasks related to your application and approval. These include tracking down documents, contract drafting, tax lien, bankruptcy and child support searches, and coordination with your attorney’s office. Like other lawsuit loan fees, this fee is added to the amount the plaintiff actually receives and is reflected in the purchase price.

If You Have Any Questions, Call 888-964-2224

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Underwriting Fees

Before granting a lawsuit loan, lenders evaluate the merits of the case to assess the likelihood of a favorable outcome. Some companies charge a fee for this evaluation, and this is known as an underwriting fee. It is used to offset the cost of having lawsuit loan underwriters evaluate the claim/lawsuit. They are generally a few hundred dollars but can be higher depending on the case’s complexity.

Settlement Fees

Once your case settles, some lenders may charge an additional settlement fee when collecting their repayment. This fee is usually a flat charge in addition to the principal and interest owed. Although most companies do not charge settlement fees, you should ask whether such fees apply and how they affect the total repayment amount.

How to Minimize Lawsuit Loan Fees and Cost

Loan fees are found in most loan transactions, not just lawsuit loans. These fees are used to offset processing costs in both traditional and legal lending. As noted above, legal lending carries more risk to investors. Lawsuit loan fees are one method used to price in this risk.

The good news is that if you are considering a lawsuit loan, there are ways to minimize lawsuit loan fees. These include:

  • Shop Around – Different lenders offer different fee structures, so it’s essential to compare offers from multiple companies before committing.
  • Negotiate Terms: In some cases, lenders may be willing to reduce their fees or interest rates, particularly if your case has strong potential for a favorable outcome.
  • Borrow Only What You Need: Since interest and fees accumulate over time, borrowing only the minimum amount necessary can help keep the loan costs manageable.
  • Ask About Non-Compounding Interest: Most legal lenders may offer non-compounding interest, which can save you a substantial amount in the long run.
  • Consider Other Funding Sources: Before taking out a lawsuit loan, consider other financing options, such as personal loans, family assistance, or the selling of personal possessions.

Getting Started

Lawsuit loans provide much-needed financial relief for plaintiffs facing lengthy legal battles, but it’s essential to fully understand the fees involved. From lawsuit loan rates to origination and processing fees, the costs can add up quickly, especially if your case takes time to settle. By shopping around, negotiating terms, and borrowing conservatively, you can minimize the financial burden and make a more informed decision that best supports your case.

Why Choose Fair Rate Funding

You obviously have a choice in who you use for legal funding. We offer:

  • Simple and Easy Process – Approval only on the strength of your case.
  • Risk – Free Proposition – Only repay if you win your case.
  • Rapid Approval and Funding – Approvals often within 24 hrs.
  • Up Front Pricing – Absolutely no hidden fees.

Give us a call and learn about your options. We are here to help and are at your service.

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What to Know When Considering a Lawsuit Loan?

Being involved in a lawsuit can be challenging. Whether you’ve been injured in an accident or wrongfully terminated, lawsuits bring a whole host of new experience for plaintiffs. Some might be surprised at the time it takes to ultimately receive compensation. Others experience cash flow issues which are difficult to deal with. Regardless of the reasons why you’re considering a lawsuit loan, you’ve come to the right place. In this post, we examine the things you need to know when considering a lawsuit loan.

What is a Lawsuit Loan?

Lawsuit loans are specialty finance transactions where plaintiffs in civil lawsuits sell a portion of their compensation prior to recovery. Lawsuit funding companies offer this financial service to plaintiffs who are suffering financially and have nowhere else to turn. Lawsuit loans are often a “last resort” to raise immediate cash for these litigants.

How Do Lawsuit Loans Differ from Regular Loans

Considering a Lawsuit Loan

Lawsuit loans are structured as a transfer of property rights in the future proceeds of a case. They are advances on a potential recovery. If there is no recovery (the case is lost), the lawsuit loan is not repaid. Because the repayment of pre-settlement funding is contingent upon the plaintiff’s case settling, there are no monthly payments, collateral, insurance, or credit checks required.

Regular loans are different in that they are either repaid or defaulted upon. The contract specifies repayment at some point in the future under all circumstances. It is not contingent upon a certain event or occurrence. Further, regular loans normally require periodic payments to reduce the loan balance.

Perhaps the biggest difference between regular loans and lawsuit loans is the cost. Because there is additional risk to the “lender”, lawsuit loans are generally more expensive than typical loan agreements. When a lawsuit with funding is lost, it represents a total loss of the funding capital. Lawsuit loan pricing reflects the cost of providing the service and the risk of loss of the entire investment made by the “lender”.

Considering Lawsuit Loan Rates and Fees

Lawsuit loan rates are normally at the forefront of settlement loan regulation arguments made by parties who discourage the practice. Opponents wish to categorize lawsuit loans as regular loans and seek to regulate the practice for plaintiffs’ “own protection” from predatory lending practices.

As described above, lawsuit loan pricing reflects the additional risk lenders must accept to provide these products at a profit. Most states recognize the differences. Some states however, prohibit the practice altogether.

What’s most important when considering a lawsuit loan is to understand exactly what the cost should be. If they are offered in a jurisdiction where lawsuit lending is not regulated, funding companies can charge whatever they want. That’s the bad news.

The good news is that clients can shop for lawsuit loans to find the best deal. And shopping has never been easier since most reputable lawsuit loan companies charge competitive rates to their clients. Even further, many companies adhere to lawsuit loan best practices to help their clients understand exactly what they are getting in return for pledging a portion of their future recovery.

Why Consider Fair Rate Funding for Your Lawsuit Loan

If you are considering a lawsuit loan, you know it can be a great tool to help you get through financial difficulty until your case resolves or you’re able to return to work. If you’ve been injured in an accident and need cash to cover expenses we can help. To apply for a lawsuit loan call Fair Rate Funding at 888-964-2224 or Apply Now online.

Why Choose Fair Rate Funding

You obviously have a choice in who you use for legal funding. We offer:

  • Simple and Easy Process – Approval only on the strength of your case.
  • Risk – Free Proposition – Only repay if you win your case.
  • Rapid Approval and Funding – Approvals often within 24 hrs.
  • Up Front Pricing – Absolutely no hidden fees.

Give us a call and learn about your options. We are here to help and are at your service.

Lawsuit Loan

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Car Accident Settlements – A Typical Personal Injury Lawsuit Type

Car accidents are a typical personal injury lawsuit type. They arise when one party is harmed by another through no fault of their own. Generally, car accident cases involve claims of physical, economic and other damages on behalf of the injured/harmed party. In this post, we explore how car accident settlements work.

Recognizing the Need to Protect Citizens

Society understands there are trade-offs with any human advancement. Accordingly, we protect individuals/entities from harm by recognizing certain causes of action to seek redress. Once such advancement is the use of motor vehicles for transportation. The trade-off is the possibility of harm due to another’s negligent behavior.

Car Accident Settlements

Understanding the possibility of harm is one thing. Another is protecting people from it. In the case of automobile injuries, there is enough data for insurers to assess the likelihood of loss. This creates the ability for drivers to insure against this possibility. Indeed, having automobile insurance coverage in place is mostly a pre-requisite for the lawful operation of motor vehicles throughout the United States. Virginia and New Hampshire are currently the only states which do not require car insurance.

Civil Justice System Aims

The civil justice system aims to place plaintiffs in the same position as they were prior to being “wronged” by a defendant(s). If this cannot be practically accomplished (like in the case of permanent personal injuries), then compensation comes in the form of money.

Car accident settlements begin when injured parties make claims for compensation. At-fault parties turn these claims to their insurers. Insurers investigate, process and if necessary, settle the matter for their policy holders.

Negligence is the legal framework from which car accident settlements naturally arise. In fact, car accidents are the ideal type of negligence lawsuit since liability is often easily established. Car accident settlements are based upon a legal claim for damages under the legal system – the very system which is designed to compensate victims under established negligence laws.

Car Accident Settlements – Initiating the Process

Initiating a claim that will eventually become a car accident settlement involves proving the at-fault driver was negligent. Negligence requires the plaintiff prove the defendant had a duty to exercise reasonable care, the defendant breached that duty, this breach caused the plaintiff’s injuries or damages, and that the plaintiff suffered actual harm as a result. These elements are crucial in establishing liability and seeking compensation in a car accident settlement.

So the first step is uncovering who is at fault. If the other party was negligent, the next step is finding out how the plaintiff was harmed. Most car accident settlements involve claims for personal injuries sustained as a result of the accident. Other personal injury damages include lost wages, medical costs, property damage and other out of pocket costs.

If there are damages, then the last requirement is uncovering who has the money available to compensate the plaintiff. In most car accident settlements, there is an insurance policy in place to pay for damages. The ability to pay damages is the final piece in the puzzle.

The Car Accident Settlement Process

The car accident settlement process involves multiple steps which are outlined below. These are typical of car accident settlement negotiations but some individual cases may not require all of the phases listed.

Gathering Evidence

The first phase of the process involves collecting evidence to support the claim. This may include photos of the accident scene, witness statements, police reports, medical records, and other relevant documentation.

Make a Demand

Most lawyers will compile a demand letter which sets forth the claim in detail. In it, plaintiffs outline the claim and the reasons why settlement is appropriate. Since settlements make sense for all parties, some insurers will entertain settlement and make a settlement offer prior to formal proceedings being initiated.

Formal Complaint and Service

If settlement offers are simply low-ball attempts to settle cheaply, plaintiffs initiate formal proceedings by drafting a complaint (also known as a petition or lawsuit) outlining the case and filing it with the appropriate court. The defendant must be formally served with the complaint and a summons, which informs them of the lawsuit and their obligation to respond.

Discovery

Both parties exchange information and gather evidence through the discovery process. This may include depositions, interrogatories (written questions), requests for documents, and possibly expert witness reports.

Negotiation

During the litigation phase but before going to trial, opportunities for settlement negotiations often arise.

If You Have Any Questions, Call 888-964-2224

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Settlement or Trial

When car accident settlement negotiations fail to yield a satisfactory offer, plaintiffs may choose to pursue justice at trial. This opens a whole other area of legal system delays plaintiffs must endure.

Even if a trial is successful and a jury renders a verdict in favor of a plaintiff, the post trial process still awaits. This can include:

  • Post-Trial Motions: After the verdict, either party may file post-trial motions. These motions can include:
    • Motion for Judgment Notwithstanding the Verdict (JNOV): This motion asks the court to overturn the jury’s verdict because there was insufficient evidence to support it or because the jury reached a decision that was contrary to the law.
    • Motion for a New Trial: This motion asks the court to order a new trial on the grounds that there were errors during the trial (such as improper jury instructions, misconduct by jurors or attorneys, or newly discovered evidence).
  • Entry of Judgment: If no post-trial motions are filed, or if they are denied by the court, the judge will enter a judgment based on the jury’s verdict. This judgment specifies the amount of damages awarded to the plaintiff if the defendant was found liable.
  • Appeals: Either party may appeal the judgment to a higher court if they believe that legal errors were made during the trial that affected the outcome. Appeals are typically heard by appellate courts, which review the trial record and legal arguments presented by both parties.

Car Accident Settlement Takeaways

As you can see, the car accident settlement process can be a long, drawn out affair. Many plaintiffs must wait many months or even years before receiving compensation. Legally entitled plaintiffs generally seek car accident settlements to avoid these delays. Sometimes delays are unavoidable, leaving many plaintiffs in financial trouble.

Auto Accident Settlement Funding is an Option

When this situation arises, car accident lawsuit loans can be a viable solution. Lawsuit loans are financial transactions that keep plaintiffs financially afloat while they pursue justice. Plaintiffs use lawsuit funding to pay for all types of expenses, such as:

  • Medical treatment and surgery loans
  • Living expenses
  • Housing
  • Transportation
  • Past debts
  • School tuition
  • and more . . .

Why Choose Fair Rate Funding

You obviously have a choice in who you use for legal funding. We offer:

  • Simple and Easy Process – Approval only on the strength of your case.
  • Risk – Free Proposition – Only repay if you win your case.
  • Rapid Approval and Funding – Approvals often within 24 hrs.
  • Up Front Pricing – Absolutely no hidden fees.

Give us a call and learn about your options. We are here to help and are at your service.

Lawsuit Loan

Apply Now
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