Lawleaf

What is a lawsuit loan?

A lawsuit loan is an advance against a pending or already settled case. A lawsuit loan can be provided to a plaintiff who is involved in a personal injury or commercial litigation case.

What is non recourse on a lawsuit loan?

A lawsuit loan isn't exactly a standard loan you would get at a bank. Non recourse means that a funding source will provide you with a cash advance against your lawsuit with an understanding if the case doesn't reach a settlement, you don't repay the loan. A good comparison is similar to hiring an attorney whom works on a contingency fee basis. The attorney if successful will be provided with a percentage of the proceeds. A lawsuit loan is much like the same. Payment is only made if the case settles.

What types of companies provide lawsuit loans?

Lawsuit loans are loaned by hedge funds, angel funding, Venture capital, private investors and sometimes banks.

Why do people request lawsuit loans against their claims?

Most people are looking for some sort of financial relief. A lawsuit loan is secured by clients that need money to get them through the litigation process. The money can be used for anything. Some people believe that lawsuit loans are lent to a plaintiff to help out with their legal fees. While this may be the case for some people, most people use the money to help pay for everyday expenses.

How much money does a lawsuit loan cost a plaintiff?

It depends upon the strength of the case and type of case. The stronger the lawsuit the better the rates. Car accident cases and post settlement loans typically have the lowest rates.

Can I be denied a lawsuit loan?

Yes, if the funding source believes that negligence will be hard to prove they may deny an applicant.

Who reviews the applications prior to providing an answer?

When LawLeaf receives an application for a lawsuit loan we will do the initial review of an applicant. Once we've reviewed the application we will send it out to our funding sources that will have their underwriters review the claim. The underwriters are typically hired insurance adjusters or attorneys. They will make the final decision if the case is viable.

How long does it take to get approved for a lawsuit loan?

The approval process can take less than a day to several days depending. If we are successful in getting the case documents from your attorney immediately after speaking with you, we can get an answer back fairly quickly. Our main goal is to get you approved in a timely manner.

What type of documents do you request from my attorney?

We will request several documents depending upon the type of claim. Some of the documents may include incident reports, police reports, medical reports & copy of the complaint.

Are there separate documents for different types of lawsuits?

Yes, the document we request will depend upon the lawsuit. For instance a personal injury claim would consist of police reports, copy of complaint and medical reports while a commercial litigation claim will consist of expert reports, economic damage reports & proof of defendant’s ability to pay the claim.

What is the quickest way to secure a lawsuit loan with LawLeaf?

The quickest way to begin the application process is to apply online. Once we've received your application we will begin processing your information and contacting you and your attorney for the required information pertaining to the claim.

We provide lawsuit loans throughout the U.S. If you are searching for lawsuit funding, begin by applying online today: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia D.C.