New York 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 New York Lawsuit Loan Information
In this section, we will provide some key statistics about lawsuit loans in New York. This information includes average and maximum loan amounts provided by LawsuitLoans.io, the typical semi-annual interest rate in the state, and details about legal regulations such as the statute of limitations and fault laws. The table below summarizes this data for your convenience.
| Average loan amount by LawsuitLoans.io in New York | $24,106.11 |
| Largest loan by LawsuitLoans.io in New York | $233,714.08 |
| Average semi-annual rate in New York | 19.9% |
| Median personal injury verdict in New York | $287,628.00 |
| New York statute of limitations | 3 Years; Civil Practice Laws and Rules Art. 2 Section 214 |
| New York fault laws | New York 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 to upwards of $1,000,000. While your case is still progressing, we are able to advance up to a maximum of 25% of what you are expected to receive from the settlement. Once your case is settled, we can offer up to 50% of your expected share of the settlement.
Consider this example: a plaintiff from New York who is involved in a car accident case. The estimated value of the case is $100,000, but it’s likely to take some time before it is settled. It’s anticipated that medical providers will receive around a third of the settlement, and the attorney will also get about a third. This leaves the plaintiff with roughly $33,000. In this situation, we would be able to advance around 25% of that amount, which equals to $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 New York
At LawsuitLoans.io, we provide funding for a variety of legal claims. The most common case types we fund in New York include the following:
- Auto and other roadway accidents: These involve incidents where individuals are injured on the road due to others’ negligence.
- Premises liability: This regards injuries sustained on someone else’s property due to unsafe conditions.
- Medical malpractice: This applies when a healthcare professional’s negligent actions lead to patient harm.
- Labor law claims: These consist of cases where employers fail to adhere to labor laws and employees get affected.
- Employment claims: These range from unlawful dismissal to workplace discrimination and harassment.
- Other personal injury claims: These refer to injury claims not classified under the categories above. They could be due to animal attacks, slip and fall accidents et cetera.
For more detailed information about the types of cases we fund, you may visit our New York Personal Injury Loans and New York Car Accident Loans pages.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Lawsuit Loan in New York?
If you’re considering a lawsuit loan in New York, there are some important factors to keep in mind. You might be wondering if you qualify for this kind of financial help. Well, to apply for a lawsuit loan with LawsuitLoans.io, there are primarily three criteria that you need to meet.
Firstly, you should be engaged in a legal claim against an insurance company, a self-insured company, or a large public entity. This means having an ongoing or settled lawsuit to which these entities are part of.
Secondly, you must have an attorney representing your case. The reason being, the lawsuit loan provider (in this case, LawsuitLoans.io) directly works with the attorney while advancing the funds. Your attorney’s involvement is crucial for the process.
Lastly, the applicant should be at least 18 years old. So, if you fit these descriptions and you’re seeking funding while you wait for your legal resolution, then yes, you may be eligible for a lawsuit loan in New York.
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’re a plaintiff that’s received funds from LawsuitLoans.io, you might be wondering how you can use that money. The truth is: it’s up to you! Predominantly, plaintiffs use these pre-settlement funds for living expenses and medical expenses.
LawsuitLoans.io realizes waiting for a case to resolve can put financial strain on a person or family’s life. This funding can help cover those financial gaps. For instance, you may use your lawsuit loan to keep up with rent or mortgage payments. You might buy groceries, make car payments, or pay utility bills. Essentially, these funds can support your regular lifestyle while waiting for your court case to conclude.
A significant portion of individuals also opt to use these funds for medical expenses. For example, this could include treatment fees, prescription costs, or physical therapy sessions needed due to a personal injury case. It’s important that, during your legal battle, your health remains a priority.
However, there is a critical restriction to be aware of. You cannot use the received funds to cover litigation or legal case expenses directly. This means you cannot pay your lawyers or other legal professionals with this money. That said, LawsuitLoans.io is here to lighten your financial burden in other crucial areas of your life as your case progresses.
New York Pre-Settlement Funding FAQs
When dealing with lawsuits in New York, you may have many questions related to pre-settlement funding. Here are some of the most frequently asked questions:
How much does it cost to get a lawsuit loan?
In general, the cost of a lawsuit loan depends on various factors like the amount you wish to borrow, the length of your case, and the perceived risk by the lender. The interest rates vary but are competitive and fair.
Do I qualify for a lawsuit loan?
If you are a plaintiff in a personal injury or other legal case and you have retained an attorney, you likely qualify for a lawsuit loan from LawsuitLoans.io.
How much funding can I get?
The funding amount you can receive depends on the specifics of your case. Funding amounts typically range from a few hundred dollars up to several hundreds of thousands of dollars, depending on the expected outcome of 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.
Cases we Fund in New York
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New York. Read more about the personal injury cases we fund in New York 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 New York here: