Alabama Lawsuit Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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Important Alabama Lawsuit Loan Information
If you are a plaintiff in Alabama waiting for a lawsuit to resolve, understanding the details of lawsuit loans is essential. A lawsuit loan can provide funds during this difficult period. The table below shows some important and relevant data provided by LawsuitLoans.io for Alabama.
| Average loan amount by LawsuitLoans.io in Alabama | $13,156.54 |
| Largest loan by LawsuitLoans.io in Alabama | $59,145.00 |
| Average semi-annual rate in Alabama | 19.0% |
| Median personal injury verdict in Alabama | $309,062.00 |
| Alabama statute of limitations | 2 Years; Code of Alabama Section 6-2-30 |
| Alabama fault laws | Alabama is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over a million dollars. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. If your case has been settled, we can offer 50% of your expected share of the settlement.
For example, consider a plaintiff in Alabama involved in a car accident case with an estimated value of $100,000. The case is currently unresolved and won’t settle for some time. Typically, medical providers would receive about one-third of the settlement, the attorney another third, leaving roughly $33,000 for the plaintiff. In this scenario, LawsuitLoans.io could potentially advance around 25% of that $33,000, equating to approximately $8,250.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Common Case Types We Fund in Alabama
At Lawsuitloans.io, we provide funding for a variety of case types. Below are some of the most common cases we fund in Alabama:
Auto and Other Roadway Accidents
Roadway accidents, such as car collisions or pedestrian mishaps, can often lead to injures which can be financially demanding. We offer funds to litigants with such claims.
Premises Liability
When accidents occur due to poor maintenance or unsafe conditions on others’ properties, the owner may be held liable. We can help claimants during these cases with necessary funding.
Medical Malpractice
Legal claims involving professional negligence by health care professionals come under this segment. If you’re waiting for such a case to conclude, we can assist with financial backing.
Labor Law Claims
Lawsuit related to labor laws such as wage disputes or unsafe working conditions are something we routinely fund.
Employment Claims
We can also aid with claims involving workplace discrimination, harassment, or wrongful termination.
Other Personal Injury Claims
Other personal injury cases including but not limited to slip-and-fall accidents, dog bites, product liability claims, etc., also fall within our scope of lending.
To learn more about our services tailored to Alabama, please visit Alabama Personal Injury Loans and Alabama Car Accident Loans.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Lawsuit Loan in Alabama?
If you’re wondering whether you are eligible for a lawsuit loan in Alabama, let’s provide a quick overview. The primary eligibility criteria for lawsuit loans include the following:
- Having a valid legal claim: This could be against an insurance company, a self-insured company, or a large public entity.
- Having an attorney: It is crucial that you have an attorney representing you. This is because the process of acquiring a lawsuit loan requires legal understanding and intervention.
- Being 18 years or older: Minor plaintiffs cannot get a lawsuit loan. You must be 18 years old or above to qualify for one.
Above all, a lawsuit loan can serve as a financial safety net while your case progresses. By meeting these criteria, you put yourself in the best possible position for approval.
Get Started
Apply today and get funds in as little as 24 hours!
What Can I Use the Money From My Lawsuit Loan For?
When you secure a lawsuit loan from LawsuitLoans.io, you are provided the financial freedom to use these funds as necessitated by your personal situation. There are, however, general areas where most plaintiffs tend to allocate their funds.
One common area is day-to-day living expenses. When involved in a lawsuit, it’s not uncommon for individuals to struggle financially. A lawsuit can disrupt your ability to work and consequently impact your income. Lawsuit loans can help you navigate through this challenging stage. You may use the funds to pay for utilities, rent, groceries, car payments, or even school fees.
In addition, lawsuit loans can also be used to cover medical expenses. If your lawsuit pertains to an accident or injury that requires medical attention, then the loan from LawsuitLoans.io can provide you with the financial relief needed to pay for medical bills or ongoing treatments. This can range from hospital bills, surgery, therapy, prescriptions, and other costs related to your health needs.
However, it is essential to understand that the funds from lawsuit loans should not be allocated towards litigation or legal case expenses. LawsuitLoans.io provides pre-settlement funding specifically to support plaintiffs personally during their legal cases, not their lawsuit’s operational expenses.
Alabama Pre-Settlement Funding FAQs
In this section, we are going to answer some frequently asked questions (FAQs) about lawsuit loans for those living in Alabama.
How much does it cost to get a lawsuit loan?
The cost of getting a lawsuit loan varies. It depends on factors such as the type of case, the strength of your case, and the duration of your case. Remember that at LawsuitLoans.io, we don’t require monthly payments, and if you don’t win your case, you owe us nothing.
Do I qualify for a lawsuit loan?
Almost anyone with a pending lawsuit who needs financial help can apply for a lawsuit loan. The main requirement is having a personal injury or other legal claim being handled by an attorney. At LawsuitLoans.io funding application, there’s no credit check or employment verification when applying.
Show much funding can I get?
Details about how much funding you can get are determined on a case-by-case basis. Factors considered include the potential return of the case and its projected length. Regardless of the amount, remember that you only pay back if you win your case.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in Alabama
LawsuitLoans.io provides funding throughout Alabama. See more about our funding in Alabama by visiting the city pages below:
Cases we Fund in Alabama
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Alabama. Read more about the personal injury cases we fund in Alabama here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Alabama here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Alabama?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in Alabama.