Wisconsin Personal Injury 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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What is a Personal Injury Lawsuit Loan and How Does it Work in Wisconsin
A personal injury lawsuit loan, also known as pre-settlement funding, is a financial tool that provides cash-strapped plaintiffs with an advance on their future legal settlement. This type of loan is designed for individuals who have filed a legal claim following a personal injury and are waiting for their case to resolve.
In Wisconsin, as in other places, the process for obtaining a personal injury lawsuit loan is fairly straightforward. After your application is approved by a lending company like LawsuitLoans.io, they will provide you with some portion of your expected settlement ahead of time. Once your case is settled, the proceeds from the settlement repay the loan. If you do not win your case, you do not need to repay the loan.
For example, let’s consider a plaintiff named John who suffered considerable injuries in a car accident caused by a drunk driver. He files a lawsuit seeking damages to help cover his medical expenses and lost wages. While waiting for his settlement to be finalized, he struggles to pay his medical bills and regular living costs. In such situations, a personal injury lawsuit loan can come to the rescue. The loan could provide John with the money he needs while he waits for his lawsuit to settle.
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.
Wisconsin Personal Injury Lawsuit Loan Information
If you are involved in a personal injury lawsuit in Wisconsin, you may be eligible for a pre-settlement loan from LawsuitLoans.io. This funding can help you cover expenses while you wait for your lawsuit to resolve. Here are some statistics and details about personal injury loans in the state of Wisconsin:
| Average personal injury loan amount by LawsuitLoans.io in Wisconsin | $697.50 |
| Largest personal injury loan by LawsuitLoans.io in Wisconsin | $900.00 |
| LawsuitLoans.io average semi-annual rate for personal injury loans in Wisconsin | 23.1% |
| Median personal injury verdict in Wisconsin | $31,000.00 |
| Wisconsin statute of limitations | 3 Years; Chapter 893 Section 893.54 |
| Wisconsin fault laws | Wisconsin is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible For a Personal Injury Lawsuit Loan in Wisconsin?
If you are involved in a personal injury case in Wisconsin, you might be wondering if you are eligible to apply for a lawsuit loan. Here, we will go over the basic eligibility criteria for obtaining this kind of financial aid.
First and foremost, you must have a valid legal claim against an insurance company, a company that insures itself, or a large public institution. In other words, if you are taking legal action because you believe that one of these entities is responsible for your injury, it could make you a candidate for a lawsuit loan.
Secondly, you must have an attorney on your case. This stipulation is in place not only to ensure that your claim is legitimate, but also to protect you, the borrower. A law professional can help guide you through the process and make certain that your interests are being served.
Lastly, you must be at least 18 years old to apply for such a loan. This rule is standard across the board for financial agreements and is non-negotiable. Regardless of the details of your injury claim, if you’re not of legal age, you do not qualify.
In conclusion, while these are the main criteria one must meet to be eligible for a personal injury lawsuit loan in Wisconsin, they may vary slightly based on specific circumstances. Be sure to reach out to LawsuitLoans.io or call us at (800) 340-4973. You can also submit an application at our website here.
How Much Money Can I Get From my Personal Injury Lawsuit Loan?
Personal injury 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 personal injury cases, we can offer 50% of your expected portion of the settlement.
Let’s illustrate with an example. Consider a Wisconsin plaintiff who is pursuing a premises liability claim with an estimated value of $200,000. The client is still treating for their injuries and the case may take another year to resolve. Medical providers usually get paid around 1/3 of the settlement, the attorney gets another 1/3, and as a result, the plaintiff would receive around $65,000. At LawsuitLoans.io, we can advance around 25% of that amount or $16,250.
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Apply today and get funds in as little as 24 hours!
How Can I Use the Money From my Personal Injury Loan?
If you’ve been granted a personal injury loan from LawsuitLoans.io, you must be wondering how you can use these funds. The freedom for fund usage is fairly broad. However, there are certain things you cannot spend the money on.
Mainly, plaintiffs use these funds for their cost of living and medical expenses. These loans provide an immense relief to those who are going through tough financial times due to an ongoing legal process. They ensure that even though the case has not resolved, your day-to-day life is not severely impacted by it.
For instance, the funds can be utilized to pay for rent or mortgage, utility bills, groceries, transportation costs, child care, or even school fees. We fully understand these are crucial expenditures that cannot be put off, regardless of your ongoing lawsuit.
Alongside this, medical bills related to the ongoing case can pile up and become unmanageable during this period. These too can be paid using the borrowed funds, ensuring that your health is never compromised due to financial constraints.
However, a notable point is that these funds cannot be used for litigation or legal case expenses. This includes any attorney fees, court costs, deposition expenses, expert witness fees, or other case-related costs. Though these costs can be high, they are strictly excluded from being covered by the personal injury loan.
The focus of LawsuitLoans.io is on helping you maintain your standard of living and handling your personal ailments while you wait for the resolution of your lawsuit.
Most Common Personal Injury Claims we Fund in Wisconsin
At LawsuitLoans.io, we offer funding for a variety of personal injury claims in Wisconsin. These typically include:
- Car Accidents: This category includes any type of collision involving motor vehicles.
- Commercial Vehicle Accidents: These involve accidents with trucks, buses, and other large vehicles used for business purposes.
- Roadway Accidents: Anything from motorcycle crashes to pedestrians struck by vehicles falls under this category.
- Premises Liability Claims: These claims arise when an injury occurs on someone else’s property due to their negligence.
- Medical Malpractice: These lawsuits deal with injuries suffered due to medical errors or negligence.
- Work Injuries: If a worker gets injured on the job, they may have a claim for compensation.
- Slip and Fall Claims: This covers cases where people get hurt by slipping, tripping, or falling due to an unsafe condition.
- Dog Bite Lawsuits: These are cases where a person is injured by another person’s pet.
- Wrongful Death Claims: If a person’s death is caused by someone else’s negligence, their loved ones can file this type of claim.
- Police Misconduct: This includes any form of improper, illegal, unjust, or fraudulent behavior by law enforcement officers.
We also fund nearly any other personal injury claim. If you have any questions, feel free to reach out to us at any time.
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.
Our Personal Injury Loan Process
At LawsuitLoans.io, we believe in transparency and simplicity. This section focuses on giving you a clear picture of how lawsuit loans work at our firm, breaking down the entire process into five easy to understand steps.
Below are the five main steps that a plaintiff needs to go through to get funds:
- Apply online: Fill out the simple application form on our website to start the lawsuit loan application process.
- We contact your law firm: After receiving your application information, we reach out to your law firm to get more details about your case.
- We review your case: Our skilled and experienced underwriting team assesses your case thoroughly to determine eligibility.
- You sign a contract: If your case meets our requirements, we send you an agreement detailing the terms of the lawsuit loan. Upon agreeing with the terms, you sign the contract.
- You get funds: The agreed-upon funds are then transferred to you quickly, most times within 24 hours of signing the agreement.
To help illustrate the above process, let’s consider an example of a plaintiff, John Doe, with a personal injury claim:
John was recently involved in a car accident and suffered injuries. Due to this, he has filed a lawsuit seeking compensation and currently waiting for the legal proceedings to conclude. In the meantime, John has financial obligations and decides to apply for a lawsuit loan to help meet his expenses. He fills out the application here, we review his case in consultation with his law firm and decide that John is eligible for pre-settlement funding. We then send John the contract, which he signs after thoroughly understanding the terms, and finally, we transfer the agreed-upon funds to John. This helps him meet his financial needs while his court case is being resolved.
Why Choose LawsuitLoans.io for Pre-settlement and Post-settlement Injury Loans
LawsuitLoans.io stands out in offering pre-settlement and post-settlement injury loans. We have many advantages that make us a top choice. Here are some of the highlights that set us apart:
Low, Simple Rates
We offer low, simple rates that start at just 2.5% per month. This makes our pre-settlement and post-settlement funding affordable, allowing you to focus your energy on recovering from your injury.
Fast Approval
At LawsuitLoans.io, we understand that waiting for a legal case to resolve can be stressful and time-consuming. That’s why we offer fast approval processes, with some decisions being made as quickly as the same day.
Capped Repayment Terms
Our capped repayment terms mean that interest stops accruing after a certain date. This ensures that your loan repayment is manageable and predictable, allowing you to plan ahead with confidence.
Industry-leading Transparency and Client-first Approach
We pride ourselves on being transparent about our loan terms, with no hidden fees or charges. Our clients are our first priority. We aim to support you through your legal case every step of the way while providing you with high-quality pre-settlement funding services.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Wisconsin Pre-Settlement Funding FAQs
We understand that you may have some questions about pre-settlement funding in Wisconsin. To help you out, we have compiled a list of frequently asked questions and answers.
How much do personal injury advances cost?
Personal injury advance costs vary based on your unique case details. This can include the strength of your case, the anticipated settlement amount, and other variables. Specific pricing is provided upon approval.
Do I qualify for a lawsuit loan?
To qualify for a lawsuit loan, you must have an attorney, have a pending lawsuit, and the case must be strong enough to result in a favorable settlement or verdict.
Is pre-settlement funding worth it?
Pre-settlement funding is often a lifeline to plaintiffs who find it difficult to meet their financial obligations while waiting for a settlement. If you need temporary financial support and anticipate a successful case resolution, it might be worth considering pre-settlement funding.
Remember, for more information, visit our website LawsuitLoans.io or call us at (800) 340-4973. You can also fill an application via this link: LawsuitLoans.io funding application. We’re always ready to assist our clients.
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Apply today and get funds in as little as 24 hours!
Other Cases we Fund in Wisconsin
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Wisconsin. Read more about the personal injury cases we fund in Wisconsin here:
- 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 Wisconsin here:
Other States in Which we Fund Personal Injury Loans
LawsuitLoans.io provides personal injury loan funding for residents of many other states: