Florida 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 Florida Lawsuit Loan Information
This section provides key information about lawsuit loans in Florida. Before we delve into exact figures, it’s important to know that a lawsuit loan can provide needed financial assistance before your case concludes. It is not a traditional loan but rather, a cash advance against a future settlement. The guide below presents some details on this topic.
| Average loan amount by LawsuitLoans.io in Florida | $13,207.54 |
| Largest loan by LawsuitLoans.io in Florida | $202,214.00 |
| Average semi-annual rate in Florida | 20.7% |
| Median personal injury verdict in Florida | $31,000.00 |
| Florida statute of limitations | 2 Years; Florida Statutes Section 95.11(4)(b) |
| Florida fault laws | Florida is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
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 all the way up to $1,000,000+. How much we can advance depends on the status of your case. If your case is still in progress, we can offer up to a maximum of 25% of your expected portion of the settlement. For settled cases, we are able to offer as much as 50% of your expected portion of the settlement.
Let’s take an example. Let’s say you’re a plaintiff in Florida involved in a car accident case with an estimated total value of $100,000. This case is still in progress and will not be settled for some time. Typically, medical providers would get paid around a third of the settlement, your attorney would receive another third, leaving about $33,000 for you. From that remaining amount, we could potentially advance around 25% of it, which would be about $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 Florida
At LawsuitLoans.io, we provide funding to plaintiffs for a variety of legal claims. Here are some of the most common case types we fund in Florida:
Auto and Other Roadway Accidents
These involve cases where someone has been injured in an automobile or other roadway accidents due to another party’s negligence.
Premises Liability
This includes cases where a person has been injured on someone else’s property because of unsafe conditions that the proprietor failed to fix.
Medical Malpractice
These are situations where a healthcare professional has failed to provide the standard level of care, leading to patient injury or harm.
Labor Law Claims
Cases involving alleged violations of labor and employment laws, such as wage theft, discrimination, or wrongful termination, are also funded by us.
Employment Claims
We fund Employees who have suffered injustice in the workplace against employers for reasons such as discrimination, harassment, or wrongful termination.
Other Personal Injury Claims
These encompass a range of incidents where an individual has been hurt due to someone else’s negligence.
To learn more about our funding for these case types in Florida, please visit Florida Personal Injury Loans and Florida 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 Florida?
Understanding the eligibility criteria for lawsuit loans is crucial for plaintiffs in Florida. The primary qualifications to avail of these loans are as follows:
- A valid legal claim against an insurance company, a self-insured firm, or a large public entity. This claim serves as the basis of your loan.
- Having an attorney. A crucial factor for eligibility is that you should be represented by an attorney. This is because your attorney’s role is to negotiate the settlement of the lawsuit. Without them, it would be challenging to estimate the potential settlement amount accurately.
- Lastly, you must be at least 18 years old. This requirement ensures that the borrower is legally permitted to enter into a contract.
If you meet these three main criteria, you may well be on your way to getting a lawsuit loan in Florida.
Get Started
Apply today and get funds in as little as 24 hours!
What Can I Use the Money From My Lawsuit Loan For?
If you are a plaintiff with a pending legal claim, and you’re considering a lawsuit loan from LawsuitLoans.io, you may be wondering how you can use the funds. The short answer is you’re able to use these funds to cover living expenses and medical costs that may be piling up while you await the resolution of your case.
Living expenses cover a broad range of needs within your personal life. For instance, you may use the money received from your lawsuit loan to pay for rent or mortgage payments, utility bills, groceries, transportation costs, and daily necessities. Maintaining a suitable standard of living during this period can reduce financial stress, allowing you to focus on your recovery and case.
The funds you receive from your lawsuit loan also provide relief for mounting medical expenses. This could involve hospital bills, prescription medications, physical therapy, medical equipment, or even future doctor visits related to your case. Your health is crucial, and lawsuit loans help ensure that you can care for it even during difficult times.
Though the flexibility provided by the lawsuit loan is vast, it’s important to note there’s one area where using lawsuit loan funds is not permitted. You cannot utilise these resources to finance your litigation or legal case expenses. Other arrangements should be arranged for these costs as the primary purpose of a lawsuit loan is to assist individuals through the challenging phase between filing a lawsuit and receiving the settlement or court award.
Florida Pre-Settlement Funding FAQs
Many Florida residents have questions about pre-settlement funding. These are some of the most frequently asked questions and their answers.
1. How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies depending on your case specifics and the amount of funds needed. Here at LawsuitLoans.io, we evaluate every case individually. The interest rates are typically 1-3% monthly. We pride ourselves on having no hidden fees or costs.
2. Do I qualify for a lawsuit loan?
If you are currently involved in an active lawsuit and represented by a lawyer, then yes, you most likely qualify for a lawsuit loan with us. However, the final eligibility depends on the details of your case. Please visit our application page to find out if you qualify.
3. How much funding can I get?
The funding amount is different for everyone. It depends on the specific facts and circumstances of your lawsuit. Generally, you can anticipate receiving between 10-20% of your estimated case value. However, please call us toll-free at (800) 340-4973 for a more targeted estimate based on your individual 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 Florida
LawsuitLoans.io provides funding throughout Florida. See more about our funding in Florida by visiting the city pages below:
Cases we Fund in Florida
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Florida. Read more about the personal injury cases we fund in Florida 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 Florida here: