Maine Lawsuit Loans
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- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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Important Maine Lawsuit Loan Information
This section is designed to provide important lawsuit loan information for residents of Maine. Understanding the typical loan amounts, semi-annual rates, median injury-related verdicts, and local state laws can help you make informed decisions about your financial options in relation to your ongoing personal injury or legal dispute. Below we have outlined lawsuit loan statistics and state-specific regulations for your reference:
| Average loan amount by LawsuitLoans.io in Maine | $130,067.00 |
| Largest loan by LawsuitLoans.io in Maine | $130,067.00 |
| Average semi-annual rate in Maine | 20.0% |
| Median personal injury verdict in Maine | $27,000 to $113,500 |
| Maine statute of limitations | 6 years; Maine Revised Statute Title 14 Section 751 |
| Maine fault laws | Maine 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 offered by LawsuitLoans.io can greatly vary in the amount. The range can be from as little as $500 to as much as $1,000,000 or more. We effort to provide as effective and generous service as possible. Therefore, for cases that are still being legally resolved, we can advance up to a total of 25% of your projected settlement share.
If your case has been settled already, we’re able to offer an advance of 50% on your expected portion of the settlement. To ensure you get a clear understanding, let’s provide an example for your easy reference.
Consider a plaintiff from Maine who is involved in a car accident legal case. The estimated value of this case is about $100,000. However, the case is still under progress and will require more time to reach the resolution. Based on general estimates, medical providers usually receive about 1/3 of the total settlement, so does the attorney. This leaves the plaintiff with a likely share of around $33,000.
In such a situation, LawsuitLoans.io can advance roughly 25% of the plaintiff’s projected share from the settlement. This comes around to an amount of $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 Maine
At LawsuitLoans.io, we support a wide range of case types in Maine. While each case is unique, here are some of the most common case types that we fund.
Auto and Other Roadway Accidents
We provide funding for cases arising from roadway accidents. This covers any accident involving motor vehicles, pedestrians, cyclists or any other parties on the road.
Premises Liability Cases
Premises liability is another common case type we fund. This includes situations where a person has been injured due to unsafe conditions on someone else’s property.
Medical Malpractice Claims
We also fund medical malpractice claims. These are cases where injury or harm befalls a patient due to negligence or omission by a medical professional.
Labor Law Claims
Funding is also available for labor law claims. This involves situations where workers’ rights have been violated, such as unsafe working conditions, unpaid wages, or discrimination.
Employment Claims
In addition to labor laws, we also fund employment claims. This considers scenarios like wrongful termination, discrimination, or other unfair treatment in the workplace.
Other Personal Injury Claims
Lastly, we cater for other personal injury claims not listed above. Irrespective of the cause, if you have a personal injury claim, we can likely provide you with funding.
To learn more about what we fund in Maine, check out Maine Personal Injury Loans and Maine 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 Maine?
Are you interested in acquiring a lawsuit loan? Aware of the requirements? Here’s a brief overview of the eligibility criteria for lawsuit loans for you to consider.
One, have a valid legal claim. This means you should be a plaintiff against an insurance company, self-insured company, or a large public entity. These entities are often involved in personal injury cases and other legal matters that require financial settlements.
Two, have legal representation. Having an attorney handling your case is essential to qualify for a lawsuit loan. The legal expertise of an attorney is crucial in providing the necessary documentation and legal advice during the application process.
Three, be at least 18 years old. Lawsuit loans are legally binding agreements, therefore, you must have the legal capacity to enter into such contracts. In most states, this age is 18 years old.
To find out more about the specifics of qualifying for lawsuit loans, visit LawsuitLoans.io or call our toll free phone number (800) 340-4973.
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 receive a lawsuit loan, the way you spend it is largely up to you. Many plaintiffs like you use these funds to cover living expenses such as rent, utilities, groceries, and car payments. This is especially helpful in cases where your legal case prevents you from working or reduces your income.
In addition, lawsuit loan funds can also be used to cover medical expenses. From routine doctor’s visits to surgeries and physical therapy, these funds can be a lifeline as you navigate both your health and your legal journey.
However, there is one key thing that you cannot use the funds for: litigation or legal case expenses. While LawsuitLoans.io provides this money to help you stay afloat during your trial, it cannot be used to fund the trial itself or any associated legal costs.
Maine Pre-Settlement Funding FAQs
Getting the right information before applying for lawsuit loans is very important. Here we answer some Frequently Asked Questions (FAQs) by Maine residents:
How much does it cost to get a lawsuit loan?
LawsuitLoan.io offers competitive rates when it comes to a lawsuit loan. However, the exact amount may vary, based on a number of factors including your case and its expected value. It’s best to either apply online or call 800-340-4973 for a personal evaluation of your situation.
Do I qualify for a lawsuit loan?
If you’re involved in a legal case and have a lawyer representing you, then yes, most likely you qualify for a lawsuit loan. The approval of lawsuit loans often depends on the strength and value of your case. So, if you feel you could benefit from pre-settlement funding, we encourage you to apply or call us for more information.
How much funding can I get?
The amount of funding varies greatly and is dependent on the specifics of your case. In many situations, however, you can get a significant portion of your expected settlement as a loan. We encourage you to apply online or reach us at our toll free number 800-340-4973 to get an estimate. Remember, there’s no upper limit to how much funding you may receive.
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 Maine
LawsuitLoans.io provides funding throughout Maine. See more about our funding in Maine by visiting the city pages below:
Cases we Fund in Maine
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Maine. Read more about the personal injury cases we fund in Maine 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 Maine here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in Maine?
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 Maine.