Erie, PA 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 Erie, Pennsylvania
A lawsuit loan is a type of financial aid provided to plaintiffs who are involved in ongoing legal cases, such as personal injury claims. Rather than a traditional loan, this is a non-recourse funding advance based on your projected settlement amount. This means, if you fail to win the case, you are not required to pay back the advance.
LawsuitLoans.io specializes in assisting plaintiffs like you across Pennsylvania with these pre-settlement funds. For more information, please visit our main Pennsylvania Lawsuit Loans page.
To illustrate how it works, let’s look at a hypothetical scenario involving an individual named Arthur. Arthur, a resident of Erie, Pennsylvania, was injured in a car accident. Facing mounting medical bills and living expenses, he sought a lawsuit loan while his personal injury case was being resolved.
Arthur applied for funding through LawsuitLoans.io, where his application was evaluated based on the likely outcome of his case and the potential amount of his settlement. Once approved, Arthur received his lawsuit loan which he then used to cover his pressing financial needs.
This non-recourse advance proved vital to Arthur, making it possible for him to weather the often lengthy legal process without falling into financial instability. His experience illustrates the immense relief and financial stability that a lawsuit loan can bring before the awaited settlement arrives.
If you’re in a similar situation to Arthur, awaiting a legal settlement while grappling with financial pressure, consider applying at LawsuitLoans.io. We’re here to assist you through your challenging times.
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 Pennsylvania Lawsuit Loan Information
If you are in the midst of a lawsuit and need financial assistance, our lawsuit loans may be the solution for you. Below is a brief rundown of vital loan information specific to Pennsylvania:
| Average loan amount by LawsuitLoans.io in Pennsylvania | $16,773.29 |
| Largest loan by LawsuitLoans.io in Pennsylvania | $185,135.00 |
| Average semi-annual rate in Pennsylvania | 19.9% |
| Median personal injury verdict in Pennsylvania | $15,000 to $45,000 |
| Pennsylvania statute of limitations | 2 Years; 42 Penn. Cons. Statutes Section 5524 |
| Pennsylvania fault laws | Pennsylvania is a “choice no-fault” state, allowing drivers to choose between a “no-fault” policy and a traditional “at-fault” policy. |
| Philadelphia population, 2020 | 94,831 |
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Common Case Types We Fund in Erie
At LawsuitLoans.io, we fund a variety of case types in the area of Erie. The most common ones are listed and elucidated below:
Auto and other Roadway Accidents
We offer funds for auto and other roadway accidents involving injury or damages due to someone else’s negligence. This could range from car and motorcycle accidents to pedestrian accidents and truck mishaps.
Premises Liability
This pertains to injury claims initiated because of unsafe or defective conditions on a person’s premises. Slip and fall cases, negligent maintenance, and dog bite lawsuits are some examples in this category.
Medical Malpractice
When healthcare providers fail to meet the standard of care which leads to patient harm, it becomes a case of medical malpractice. This can involve botched surgeries, wrong prescriptions, incorrect diagnoses, and other medical errors.
Labor Law Claims
If you’re a worker who’s been harmed due to safety violations on your job site, we provide funding for labor law claims. These also encompass injuries from falls from height and construction accidents.
Employment Claims
Workplace disputes leading to legal claims such as wrongful termination, discrimination, harassment, and unpaid wages fall under this category.
Other Personal Injury Claims
These include various sorts of personal injury claims like product liability, assault and battery, nursing home negligence, and more.
To get more details about these cases and how we can help you, visit our website or call us toll-free 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 Erie?
An important question many people ask is “Am I eligible for a lawsuit loan in Erie?” It’s crucial to understand that not everyone can be approved for these loans. However, there are some basic eligibility requirements that make the process fairly straightforward.
Firstly, you must have a valid legal claim against an insurance company, self insured company or large public entity. Having a strong, valid case is critical to your eligibility. If you’re currently involved in a personal injury lawsuit or similarly severe claim, you could likely be a candidate.
Secondly, it is compulsory that you have an attorney handling your claim. The presence of an attorney shows seriousness and dedication towards resolving it.
Last but not least, you need to be at least 18 years of age. In addition to these criteria, other factors can influence your eligibility as well. To explore these criteria in finer detail, contact Lawsuit Loans at (800) 340-4973 or apply online through their funding application.
Get Started
Apply today and get funds in as little as 24 hours!
Our Erie Lawsuit Loan Process
If you’re involved in a legal case and need financial help, you might be considering lawsuit loans. A Lawsuit loan is a type of funding that helps plaintiffs meet their financial needs while they wait for their case to settle. Here at LawsuitLoans.io, we offer a straightforward and hassle-free process to secure a lawsuit loan. Let’s break down the main steps.
Apply Online
The first step is simple: Complete and submit our online funding application. You can find it here on our website: LawsuitLoans.io funding application.
We Contact Your Law Firm
Once we receive your application, we will get in touch with your law firm. This allows us to gather more details about your claim and assess the likelihood of a favorable outcome.
We Review Your Case
After speaking with your law firm, we conduct a thorough review of your case. Based on this information, we can make an informed decision about your eligibility for a lawsuit loan.
You Sign a Contract
If your case passes our review, you’ll receive a contract from us. This outlines the terms and conditions of the lawsuit loan. Upon reviewing and agreeing to the terms, you’ll sign and return the contract to us.
You Get Funds
After we receive the signed contract, you will receive the funds. You do not have to wait until your legal case is resolved. The funds will be made available to you as quickly as possible so you can focus on your ongoing legal battle.
Let’s look at an example. Suppose a person named John filed a lawsuit but found himself in serious financial trouble while waiting for a settlement. John applied for a lawsuit loan with LawsuitLoans.io, provided all the necessary details about his case, and signed the contract we sent him after reviewing his application. Before he knew it, the funds were sitting in his bank account, offering relief from his financial stress.
Lawsuit loans can provide the financial help you need to weather the storm of a prolonged legal case. So why wait? Apply now or call us today at (800) 340-4973 if you have any questions.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range widely, anywhere from $500 all the way to over $1,000,000. Your loan amount greatly depends on your specific legal case and its potential worth. If your case is still in progress, LawsuitLoans.io can advance up to a maximum of 25% of your expected portion of the settlement.
For cases that have already been settled, this number goes up. LawsuitLoans.io can offer 50% of your expected portion of the settlement once the case is closed. This higher percentage reflects the decreased risk involved with a case that has already been resolved in your favor.
Here’s an example that may help clarify: Let’s say an Erie plaintiff is involved in a car accident case with an estimated total value of $100,000. The case is still ongoing, meaning it won’t be settled for some time. Upon settlement, medical providers typically receive about one-third of the settlement, or roughly $33,333. The attorney fees also make up another third, leaving the plaintiff with the remaining $33,333. LawsuitLoans.io can advance around 25% of this amount, equaling approximately $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 Erie?
Securing pre-settlement funding for your lawsuit is often a swift and straightforward process. Once you have submitted your application to LawsuitLoans.io, the review of your case begins immediately. We understand that financial urgency is a known issue for plaintiffs, hence we aim to make our decisions in the shortest possible time. Typically, you’ll receive a response from us within just 24 hours.
To illustrate, suppose you submit a funding application for your personal injury claim today. Our dedicated team will start reviewing your case right away, considering all factors that could influence the outcome of your legal claim. Assuming your case meets our funding criteria, you could have cash in hand by tomorrow.
A pre-settlement lawsuit loan can provide you with immediate financial relief, helping you manage your expenses while you wait for your legal case to resolve. So why wait? Contact us on our toll free number, (800) 340-4973, or apply through our online platform at LawsuitLoans.io funding application.
Pros and Cons of Pre-Settlement Funding in Erie, Pennsylvania
When you’re facing a lawsuit, pre-settlement funding can offer much-needed help. The benefits of this type of funding are many. One of the biggest advantages is the financial relief it provides. This funding can help you manage your daily expenses while your case is pending.
Secondly, pre-settlement funding gives you early access to funds. You don’t have to wait until your case settles to receive money. This can be especially useful if your legal proceedings are dragging on for a long time.
Moreover, with the help of pre-settlement funding, you can avoid the pressure of settling your case early. It can give you more time and leverage to negotiate a better settlement.
Perhaps one of the most significant benefits is the non-recourse nature of lawsuit loans. This means that if you lose your case, you do not have to pay back the loan.
However, pre-settlement funding does come with some costs or cons. For instance, such funding generally carries relatively high-interest rates. Therefore, you must think carefully before taking out this loan.
The industry is also generally unregulated or under-regulated. Consequently, you must be extra vigilant while choosing a pre-settlement funding company. Make sure you do thorough research and choose a reputable company like LawsuitLoans.io.
Lastly, to get pre-settlement funding, you need to have a well-developed legal case. Moreover, you need to have an attorney working on a contingency basis. If these conditions are not met, you may not qualify for the funding.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Erie Pre-Settlement Funding FAQs
In this section, we are going to answer some Frequently Asked Questions (FAQs) for Erie residents considering lawsuit loans. Here are the answers to the most common queries:
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies depending on the specifics of your legal case and the amount you borrow. With LawsuitLoans.io, there are no upfront fees or out-of-pocket expenses. You only pay us back if you win your case.
Do I qualify for a lawsuit loan?
To qualify for a lawsuit loan from LawsuitLoans.io, you must have a valid personal injury or another type of legal claim. You also need to have hired an attorney to represent you in your case. To check if you qualify, complete our online funding application.
If you have bad credit, can you get pre-settlement funding in Pennsylvania?
Yes, you can! At LawsuitLoans.io, we don’t run credit checks. Instead, we base our funding decision on the strength of your case. This means even with bad credit, you can get the help you need.
Other Cities we Service in Pennsylvania
LawsuitLoans.io provides funding throughout Pennsylvania. See more about our funding in other key Pennsylvania cities by visiting the pages below:
Get Started
Apply today and get funds in as little as 24 hours!
Erie, PA Cases we Fund
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Erie. Read more about the personal injury cases we fund in Erie 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 Erie here: