Tempe, AZ 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
What Are Lawsuit Loans in Tempe, Arizona?
A lawsuit loan, simply put, is an advance on your future legal settlement. It serves as a financial lifeline to plaintiffs who have suffered personal injury or other legal claims and are waiting for their cases to resolve.
This type of loan is what we call non-recourse. This means that if you lose your case, you owe nothing. The risk is all on the lender, not on the injured party. It effectively provides necessary financial help during the challenging times, particularly when the legal process drags on.
At LawsuitLoans.io, we extend these loans to plaintiffs throughout Arizona, ensuring they have the needed resources while awaiting legal settlements. To learn more, visit our main Arizona Lawsuit Loans page at LawsuitLoans.io – Arizona Lawsuit Loans.
To understand how it works, consider a hypothetical example: Natalie, a resident of Tempe, Arizona, is a victim of a car accident. While waiting for the resolution of her personal injury case, Natalie faces mounting financial pressures. Given the sometimes dragged-out legal process, her attorney suggests applying for a lawsuit loan. And thus, Natalie reaches out to LawsuitLoans.io. Our team quickly evaluates her case and approves a cash advance. Natalie gets the money she needs for living expenses and medical costs, providing her relief while her lawsuit is still in progress.
This example sheds light on the nature and process of lawsuit loans. They are designed not only to provide financial cover but also to facilitate a peaceful waits for a lawsuit’s culmination.
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.
Important Arizona Lawsuit Loan Information
If you’re dealing with a lawsuit in Arizona, we want to give you some key information. Before we go into details, let’s review some stats that will give you essential context about lawsuit loans available from LawsuitLoans.io in Arizona.
| Average loan amount by LawsuitLoans.io in Arizona | $19,847.00 |
| Largest loan by LawsuitLoans.io in Arizona | $44,940.00 |
| Average semi-annual rate in Arizona | 18.6% |
| Median personal injury verdict in Arizona | $5,000 to $80,000 |
| Arizona statute of limitations | 2 Years; Arizona Revised Statutes Section 12-542 |
| Arizona fault laws | Arizona is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
| Phoenix population, 2020 | 180,587 |
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Common Case Types We Fund in Tempe
At LawsuitLoans.io, we strive to help those dealing with various legal battles by providing financial support. Let’s take a look at the most common case types we fund in Tempe.
Auto and Other Roadway Accidents
Roadway accidents are sadly a common occurrence. These may involve cars, trucks, motorcycles or pedestrians. If you’re in the midst of such a claim, our pre-settlement funding can lessen your financial stress.
Premises Liability
If you’ve been injured on someone else’s property due to negligence, then this is a premises liability case. Whether it’s a slip, trip, or fall, we can provide needed funds while you wait for your settlement.
Medical Malpractice
Healthcare providers should always prioritize patient safety. However, if they fail to meet their duty of care, leading to injuries, you may have a medical malpractice case. Our lawsuit loans can assist during this difficult time.
Labor Law Claims
Workplace safety is crucial, but sometimes employers disregard this. If you’ve suffered an injury in the workplace due to employer negligence, financial support from LawsuitLoans.io can aid your recovery.
Employment Claims
In cases involving wrongful termination, harassment, or discrimination, we stand ready to help cushion the financial impact with funding for your employment claims.
Other Personal Injury Claims
Beyond these areas, we also extend our services to a variety of personal injury claims. No matter your situation, utilize our application to explore how LawsuitLoans.io can help you.
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.
Am I Eligible for a Lawsuit Loan in Tempe?
If you’re considering a lawsuit loan, it’s important to understand the eligibility criteria. Let’s go over them briefly.
Firstly, you’ll need to have a valid legal claim. This means that you are currently involved in a lawsuit against an insurance company, a self-insured company, or a large public entity. Without such a claim, there’s nothing for the loan to be secured against, so this is a must-have.
Secondly, you should already have an attorney representing you in your case. A lawsuit loan is not the same thing as hiring a lawyer – it’s designed to help you stay financially stable while your legal proceedings are ongoing.
Finally, you will need to be at least 18 years old to apply for a lawsuit loan. This is a standard requirement across the board – no matter where you’re applying from.
Get Started
Apply today and get funds in as little as 24 hours!
Our Tempe Lawsuit Loan Process
Understanding how lawsuit loans work is essential for anyone considering this financial solution. Here, we will explain the five stages in our lawsuit loan process.
- Apply online: Start your loan request on our website, LawsuitLoans.io funding application. The application asks for basic information about your lawsuit.
- We contact your law firm: After receiving your application, we touch base with your lawyer or law firm for more details about your case.
- We review your case: Our team conducts a thorough evaluation of your case to make sure it meets our criteria for a lawsuit loan.
- You sign a contract: If your case qualifies, we prepare a loan agreement. You (and your attorney) need to sign this document before we disburse funds.
- You get funds: Once the signed agreement is back with us, we release the lawsuit loan funds. You can use this money to address your immediate financial needs while waiting for the resolution of your case.
To illustrate, consider a scenario where John has a personal injury claim pending. He has mounting medical bills and living expenses but expects a substantial settlement. John submits an application to us, his lawyer provides necessary information, we assess and approve his case for pre-settlement funding. John then signs the contract, and we send the funds straight to his account within hours of approval.
How Much Money Can I Get From my Lawsuit Loan?
LawsuitLoans.io offers a broad range of lawsuit loans. Depending on your case, you can receive anywhere from $500 to more than $1,000,000. For ongoing cases, we can provide up to a maximum of 25% of what you would receive from the settlement.
For settled cases, we can offer half of your expected portion of the settlement. Let’s illustrate with an example. Consider a plaintiff in Tempe involved in a car accident case. The estimated value of this case is $100,000 but the case is still not concluded.
Usually, medical providers and attorneys each get approximately 1/3 of the settlement value, leaving around $35,000 for the plaintiff himself or herself. LawsuitLoans.io can advance up to 25% of the plaintiff’s share which comes out to $8,250 in this example.
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.
How quickly can I get a pre-settlement lawsuit loan in Tempe?
If you are a plaintiff waiting for your case to reach a conclusion, you may be wondering how quick you can access pre-settlement lawsuit loans. We at LawsuitLoans.io aim to provide quick and easy access to funding for plaintiffs like you.
After you submit your application for a lawsuit loan, we immediately begin our review process. Our team carefully assesses the details of your case and within 24 hours you will have a decision. If your application is approved, funds can start flowing to your account shortly thereafter.
For example, let’s say John from Tempe submits an application for a pre-settlement loan on Monday morning. By Tuesday morning, our team has assessed his case and made a decision. If John’s application is approved, he could see funds in his account as early as Tuesday afternoon. This fast turnaround time allows John, and plaintiffs like him, to focus on their legal case without worrying about financial stress.
In summary, once your application is submitted to LawsuitLoans.io, you could potentially receive your lawsuit loan within 24 hours, serving as an immediate lifeline while you wait for your legal case to resolve.
Pros and Cons of Pre-Settlement Funding in Tempe, Arizona
Pre-settlement funding is a unique tool that offers a range of benefits for individuals awaiting the resolution of their legal case. One of the main advantages is the financial relief it provides. This assistance can be crucial, particularly during times when the plaintiff may not be able to work due to their injuries.
Besides immediate financial support, pre-settlement funding also allows access to funds more early than waiting for the legal case to settle at court. It helps in continuing the necessary legal fight without feeling pressured to accept an early settlement.
Another notable benefit is the non-recourse nature of lawsuit loans offered by companies like LawsuitLoans.io. This means if the plaintiff does not win the case, they do not need to repay any of the money they received.
However, like any financial product, there can also be drawbacks to pre-settlement funding. One of the essential factors to consider is the relatively high interest rates that can accompany these advances. The industry, in many areas, is either unregulated or under-regulated which can pose potential complications.
And finally, to benefit from pre-settlement funding, one must have a well-developed case being managed by an attorney on a contingency basis. That means your case must be strong, and the likelihood of winning should be high.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Tempe Pre-Settlement Funding FAQs
As a resident of Tempe considering a lawsuit loan, there are several questions you may be asking yourself about the process. Some of the most common include the cost of getting a lawsuit loan, if you qualify for a loan, and if bad credit affects your eligibility as an Arizona resident. We’ll answer these frequently asked questions for you below.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can depend on a variety of factors, including the nature of your case, its strength, and potential settlement amount. However, at LawsuitLoans.io, we aim to make funding affordable and accessible to all plaintiffs.
Do I qualify for a lawsuit loan?
To qualify for a lawsuit loan with us, you must have a legal claim and be represented by an attorney. Our team will review your case details to determine whether you’re eligible for pre-settlement funding. If approved, you could receive funds within 24 hours.
If you have bad credit, can you get pre-settlement funding in Arizona?
Yes. At Lawsuit Loans, your credit history does not affect your likelihood of getting a lawsuit loan. We understand that legal disputes can strain your finances, and our mission is to provide relief, regardless of your financial history. Your loan approval is based on the strength of your case, not your credit score.
Get Started
Apply today and get funds in as little as 24 hours!
Tempe, AZ Cases we Fund
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Tempe. Read more about the personal injury cases we fund in Tempe 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 Tempe here:
Does LawsuitLoans.io Directly Fund Cases in Arizona?
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 Arizona.