Welcome to Injury Lending, a leading provider of information about legal funding and pre-settlement loans for personal injury clients.
We understand that being involved in an accident can be a stressful and overwhelming experience, and we’re here to help you understand how to ease your financial burden while you await your settlement.
At Injury Lending, we’re committed to providing our clients with fast and affordable funding options that are tailored to their circumstances.
Whether you’re struggling to pay medical bills or to cover your living expenses, our team of experienced professionals is here to help you get the information you need to get financial assistance that you need when you need it the most.
Our mission is to provide our clients with the highest level of customer service and support. We believe in treating all of our clients with the compassion and respect that they deserve.
Let us help you understand how to get the financial support you need to move forward with your life. Injury Lending is the clear choice for anyone seeking understanding of pre-settlement funding for a personal injury case.
Settlement Advance Loans
Settlement advance loans are structured to help alleviate financial stress for personal injury clients while they wait for a case to settle.
If you have been injured in an accident and have insurance, you may not be considering other options. Out-of-pocket expenses can mount quickly in many cases for property damage, medical bills, or even lost wages.
Additionally, even with most types of insurance coverage, insurance companies often minimize the amount of compensation paid out to injured parties. This may result in you getting a lower settlement than you are entitled to.
Securing a pre-settlement advance loan can alleviate some of that pressure, and Injury Lending can help you find affordable solutions. If you need financial assistance while you wait to win your case, contact Injury Lending to learn more about loan options and get the help you need to get back on your feet.
Cash Advance on Pending Lawsuits
A cash advance on a pending lawsuit, also known as pre-settlement funding, lawsuit funding, or settlement advance loans is a financial option for those waiting for a settlement from a pending lawsuit.
Personal injury claims arise from a variety of situations where one party suffers harm or injury due to negligence or actions of another party. There are many types of personal injury claims, but some of the most common types of personal injury claims include:
If someone is injured on somebody else’s property because of hazardous conditions like wet floors or uneven surfaces, they may be able to file a personal injury claim against the property owner.
When a person is injured in a car crash due to another driver’s actions or negligence, a personal injury claim may be an appropriate way to seek compensation for damages.
If somebody is injured at work due to the negligence or actions of an employer or third party, a patient can file a workers’ compensation (“workman’s comp”) claim or personal injury claim.
If a dangerous or defective product causes injury, a product liability claim may be filed against the manufacturer or distributor of that product for personal injury.
If a doctor or healthcare provider is negligent or makes a mistake that causes damage, it may be grounds for a medical malpractice case. This can include failures to diagnose or treat an injury or illness, misdiagnosis or errors in treatment, or surgical mistakes.
Families of people who have died as a result of another person’s negligence may seek compensation by holding those liable for the person’s death accountable for expenses incurred.
It is important to recognize that the circumstances of each case are always different. The legal process for personal injury lawsuit claims can be especially lengthy, and as a result, you may be struggling to cover your expenses while you wait for your case to settle – that’s where seeking a lawsuit cash advance can help.
At Injury Lending, we understand how stressful waiting for your case to settle can be, so our experienced professionals offer a straightforward process for obtaining a lawsuit cash advance.
What is a pre-settlement loan?
In contrast to most other types of financial loans, pre-settlement loans are considered “non-recourse,” meaning that lenders only seek financial recourse from money that the client can secure. In other words, with a pre-settlement loan, the client is responsible only for repayment if a case settles; no repayment is necessary, and no assets are seized, if you lose your case.
These types of loans give you access to funds before you win your case to help pay for expenses incurred throughout the legal process.
How does pre-settlement financing work?
Unlike a traditional loan, pre-settlement funding is not based on a person’s income or credit history, but on the potential value of the settlement when your case is won.
Oftentimes, access to pre-settlement advance funds can be secured within 24 hours of approval.
Once your personal injury case’s settlement is received, those settlement proceeds are used to repay the loan company.
This type of pre-settlement funding is an overall stress-free and convenient way for personal injury plaintiffs to obtain financial support for legal funding.
How much does legal funding cost?
The cost of a settlement advance loan can vary depending on the specifics of your case, including the amount of your settlement and the time it takes for your case to settle. This is usually determined by a percentage of the total amount of the loan.
Loans are often approved in a matter of hours, and clients often gain access to legal funding within 24 hours of approval.
Lawsuit Loans Interest Rates
Legal funding through pre-settlement advance loans works differently from most other traditional loans. Legal funding does not accrue additional costs through traditional interest rates, but a one-time fee that is paid back when your case is won. This means that there are no monthly payments or compounding interest, which makes this type of legal funding a straightforward and affordable option for those who need it.
To best ensure that you receive – and keep – the compensation that you are entitled to when you win your case, it’s important to bear a few things in mind before applying for a personal injury settlement loan.
Steps You Should Take Before Applyion for a Personal Injury Settlement Loan
1
Consult your personal injury attorney
Consulting personal injury attorneys can help determine the validity of a claim and provide advice on how to navigate the legal process. Discuss with your personal injury attorney whether they accept legal funding through personal injury settlement loans.
2
Determine how much advance funding is necessary for your personal injury lawsuit loan
To avoid undue expenses down the road, only apply for a loan in an amount that you know you will need. You can do this by carefully calculating as much as you can regarding your damages can help to ensure that you don’t miss out on being compensated for expenses. Additionally, keep a close record of expenses throughout the process.
What expenses are the most important for you to cover soonest? Consider medical expenses, and even securing transportation – expenses often extend well outside of just legal funding for a personal injury attorney.
Applying for too much can mean your application might not get approved, which can prevent you from gaining access to funds when you need them the most.
In cases where an application is denied, it does not mean that you can’t qualify at a later time. For example, if evidence of liability is provided in your personal injury case, or your personal injury case moves closer to a trial, you can always discuss the option again with your attorney and reapply with more confidence.
Can my lawyer deny me from getting a pre-settlement loan?
No! While personal injury attorneys are expected to be representing plaintiffs before applying for personal injury settlement loans, deciding to seek injury pre-settlement loans is up to you; nobody else can restrict that.
Personal injury attorneys have their clients’ best interests in mind, so it’s important to listen to their advice. If a lawyer is advising you against seeking personal injury pre-settlement funding, be sure to ask them why. The more you know about your circumstances, the better equipped you are to apply for a personal injury loan with confidence.
If you’re struggling to make ends meet while waiting for your personal injury settlement, Injury Lending is here to help. Take the next step toward financial peace of mind, and apply for legal funding through Injury Lending today. We look forward to getting you back to where you belong.
Talk to us
Have any questions? We are always open to talk about your situation and how we can help you.