Smyrna, DE 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 Smyrna, Delaware?
Lawsuit loans, also known as pre-settlement funding, provides a financial lifeline to plaintiffs who are injured and awaiting a legal settlement. These loans offer a financial cushion to injured individuals unable to meet their expenses due to legal delays. Lawsuit loans are non-recourse advances; that means you don’t have to repay if you lose your case.
At LawsuitLoans.io, we extend our lawsuit loan services throughout Delaware. We encourage our clients across Delaware to learn more about our process on our main Delaware Lawsuit Loans page.
A Lawsuit Loan Example: Shirley, The Car Accident Victim
Let’s consider a hypothetical example. Meet Shirley, a resident of Smyrna, Delaware. Shirley was seriously injured in a car accident, landing her a sizable personal injury case. However, until her case is resolved, she struggles to pay her bills and daily expenses.
Shirley decides to apply for a lawsuit loan through LawsuitLoans.io. She fills out our online application at LawsuitLoans.io funding application, providing the necessary details about her case. Once her application is approved, Shirley receives the needed funds, helping her manage her financial needs while she waits for her legal case to resolve.
This is how lawsuit loans can provide essential support to plaintiffs like Shirley, allowing them to focus on winning their case rather than stressing over impending bills.
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 Delaware Lawsuit Loan Information
If you’re involved in a lawsuit and need financial help while waiting for your case to resolve, a lawsuit loan may be an option for you. See the table below for important lawsuit loan information specific to Delaware.
| Average loan amount by LawsuitLoans.io in Delaware | $3,754.50 |
| Largest loan by LawsuitLoans.io in Delaware | $8,425.00 |
| Average semi-annual rate in Delaware | 20.6% |
| Median personal injury verdict in Delaware | $31,000.00 |
| Delaware statute of limitations | 2 Years; Title 18 Delaware Code Title 10 Section 8101 |
| Delaware fault laws | Delaware is a “no-fault” state, but also allows for “at-fault” claims, meaning your own insurance may cover your losses. |
| Wilmington population, 2020 | 12,883 |
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Common Case Types We Fund in Smyrna
At LawsuitLoans.io, we provide funding for a variety of claim types. The most common cases we fund in Smyrna encompass a broad range of lawsuits.
Auto and Other Roadway Accidents
Whether you are a pedestrian, driver, or passenger involved in a roadway accident, we provide pre-settlement funding. Accidents might include car, truck, motorcycle, or other forms of vehicular mishap.
Premises Liability
These claims often involve injuries sustained due to unsafe conditions on someone else’s property. This can include slip and fall accidents, inadequate maintenance, and more. We step in with funds to see you through the legal process.
Medical Malpractice
If you have suffered due to negligence from a healthcare professional or institution, we fund your legal claims in your medical malpractice case.
Labor Law Claims
We also fund labor law claims, where workers’ rights have been violated. Cases may involve unpaid overtime, violations of minimum wage laws, or other unfair labor practices. We help you cope with financial stress as your case proceeds.
Employment Claims
Disputes between employees and employers, such as, wrongful termination, discrimination, or harassment at work also qualify for our funding.
Other Personal Injury Claims
Any kind of injury that arises as a result of someone else’s negligence or intentional action can qualify for our funding. This category can be incredibly inclusive and expansive.
To learn more about the case types we fund in Smyrna, please visit LawsuitLoans.io or give us a call at (800) 340-4973.
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 Smyrna?
If you are planning to apply for a lawsuit loan in Smyrna, understanding the eligibility criteria is crucial. First and foremost, you must have a valid legal claim against an insurance company, a self-insured company, or a large public entity. This claim should be related to personal injury or another similar legal case.
Second, you will need to have an attorney representing you in your case. Lawsuit loan companies likeLawsuitLoans.io prioritize applicants who have a legal expert guiding them through the process. Having an attorney increases the likelihood that your case will successfully resolve.
Finally, you must be at least 18 years old to qualify for a lawsuit loan. This age requirement is standard across most financial services, including lawsuit loans.
To recap, the primary eligibility criteria for a lawsuit loan in Smyrna include having a valid legal claim, being represented by an attorney, and being at least 18 years old.
Get Started
Apply today and get funds in as little as 24 hours!
Our Smyrna Lawsuit Loan Process
Getting a lawsuit loan is a straightforward process. LawsuitLoans.io is here to help you at every step of the way. In general, there are five main steps that a plaintiff must complete to acquire funds.
- Apply online: To begin, you’ll need to fill out an application on our website. It’s simple and quick, and you can do it from the comfort of your own home.
- We contact your law firm: After you have submitted your application, we’ll reach out to your lawyers to get more information about your case.
- We review your case: Once we receive the necessary details about your case from your law firm, our team of experts will carefully review it.
- You sign a contract: If your case qualifies for a lawsuit loan, we’ll send you a contract to sign. This document will outline the terms of the loan and repayment details.
- You get funds: After you sign the contract, you will receive the funds. You can use this money for any personal expense as you wait for your case to settle.
Let’s illustrate this process with an example. Let’s say John is a plaintiff in a personal injury case. John decides to apply for a lawsuit loan through LawsuitLoans.io. He fills out the application online and submits it. Our team then contacts John’s law firm to gather more information about his case. After reviewing the case details, we determine that John’s case qualifies for a loan. We send John a contract outlining the loan terms. Once John signs the contract, he receives the funds directly into his bank account. John now has the money he needs to cover his personal expenses while he waits for his case to resolve.
That’s how simple and convenient our lawsuit loan process is at LawsuitLoans.io!
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s illustrate this with an example: Imagine a plaintiff from Smyrna, involved in a car accident which resulted in a lawsuit with an estimated value of $100,000. The case is still in progress and is not expected to settle for some time. Typically, the medical providers would receive about 1/3 of the total settlement, the attorney would receive 1/3 of the settlement, and the remaining amount, approximately $35,000, would go to the plaintiff.
In such cases, we at LawsuitLoans.io can advance around 25% of the plaintiff’s portion of the settlement, which would equate to around $8,250.
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 Smyrna?
If you’re involved in a lawsuit and need financial help as you wait for a settlement, you may be interested in what LawsuitLoans.io offers. They provide pre-settlement funds to plaintiffs fighting personal injury and other legal claims.
So, how quickly can you get these funds? Well, the process is straightforward and quicker than you might think. Once your application is submitted, reviewed, and approved, you could receive funds faster than expected. Let’s break it down step-by-step:
- Submit your application: Complete the easy online application form at LawsuitLoans.io funding application. This step involves providing information about your case and your attorney details.
- Case review: After receiving your application, the team at LawsuitLoans.io reviews your case thoroughly. This step allows them to understand the merits of your claim and the potential settling amount.
- Decision: Post-review, LawsuitLoans.io makes its decision. The good news is that they strive to give their decision within 24 hours of receiving your application. That’s right! Within a day, they will inform you about your pre-settlement funding application status.
- Fund transfer: Upon approval, they transfer the funds directly into your account. The speed of this transfer often depends on your bank’s policies.
To sum up, LawsuitLoans.io understands that waiting for a legal case to resolve can be a long and strenuous process. Hence, they ensure to make their part of the process swift and hassle-free for their clients.
Pros and Cons of Pre-Settlement Funding in Smyrna, Delaware
Pre-settlement funding can be a lifesaver for some individuals who are dealing with personal injury and other legal claims. Lawsuit loans like those offered by LawsuitLoans.io provides significant benefits for plaintiffs as they await the resolution of their cases.
One of the main benefits is financial relief. With pre-settlement funding, plaintiffs have the monetary assistance they need to handle their everyday expenses. This can be very helpful, especially for those unable to continue working due to their injury or claim.
Another benefit is the early access to funds. Instead of waiting for a lengthy litigation process to conclude, plaintiffs receive funds to cover their costs right away. This early access ensures peace of mind during an otherwise stressful time.
Thirdly, it helps in avoiding early settlement pressure. Having financial support enables you to fight your case without rushing into an unfair settlement because of financial strain.
Lastly, the non-recourse nature of lawsuit loans means that if you lose your case, there’s no need to pay back the loan.
However, like all financial decisions, it’s important to understand that pre-settlement funding has its costs too.
The most notable disadvantage of pre-settlement funding is the relatively high interest rates involved. Given the associated risks for lenders, the interest rates charged on these loans can be quite high.
Another issue is the generally unregulated or under-regulated nature of the industry. While some states have regulations in place for lawsuit loans, others do not. This situation can potentially leave borrowers vulnerable to unethical practices.
Lastly, the necessity of having a well-developed case with an attorney working on a contingency basis is another factor to consider when contemplating a pre-settlement loan. This aspect means you must have enough confidence in your case to invest in a lawsuit loan.
To learn more about pre-settlement funding and how it may help you, feel free to call us at (800) 340-4973 or reach us at LawsuitLoans.io funding application.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Smyrna Pre-Settlement Funding FAQs
As residents of Smyrna search for legal financial aid, several common questions often arise. Here, we’ll answer a few of the most frequently asked questions.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies depending on many factors including the specifics of your case and the amount you need advanced. LawsuitLoans.io works to provide competitive rates to those in need. For detailed information about costs, kindly reach out to us at (800) 340-4973 or visit LawsuitLoans.io.
Do I qualify for a lawsuit loan?
Lawsuit loans are generally available to plaintiffs who have a pending or settled personal injury lawsuit or any other legal claim. However, each case is unique; we assess applications individually to determine eligibility. To see if you qualify, fill out an application at LawsuitLoans.io funding application.
If you have bad credit, can you get pre-settlement funding in Delaware?
Yes. At LawsuitLoans.io, we primarily focus on the merits of your case, not your credit score. Therefore, having bad credit does not restrict you from obtaining pre-settlement funding with us. Start your application process today at LawsuitLoans.io funding application.
Other Cities we Service in Delaware
LawsuitLoans.io provides funding throughout Delaware. See more about our funding in other key Delaware cities by visiting the pages below:
Get Started
Apply today and get funds in as little as 24 hours!
Smyrna, DE Cases we Fund
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Smyrna. Read more about the personal injury cases we fund in Smyrna 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 Smyrna here: