Starting life after loss, injury, or traumatic experience costs more than a lawsuit could ever repay. There is no way for our justice system to place you back before the incident properly, but it can provide a financial path for you to start your new life journey.
Unfortunately, our justice system is slow. New Jersey’s court system is severely understaffed and in need of judges and other staff, which means that getting some financial relief can take months or years. Our lawsuit loans in Newark can make your wait bearable by providing you a low-risk loan while you wait for your day in court.
How Complicated Can a Lawsuit Get?
The time it takes to get a settlement for a lawsuit depends on the complexity of the claim. So, if you have a complex lawsuit, you may be looking at longer waiting times than if it were a simpler set of facts.
For example, several people were injured in a multi-vehicle car crash off I-280. Each person can find an attorney to sue the other person or several individuals can come together to sue one person. Determining the liability for each person could add to the length of time for the case to resolve.
Can Legal Funding Help Me Pay for My Attorney?
An attorney will ask you to pay one of three ways: a one-time fee, hourly fee, or contingency fee. Each will end up costing you several thousand dollars. Legal funding in Newark can help you pay for those costs by giving you access to your compensation early instead of waiting for your big payout in the end.
A lawsuit loan can help you pay for your attorney as well as all the following items:
- Medical bills
- Home repairs or renovations
- Car repairs
- Mortgage payments
- Credit card payments
- Car insurance
- House insurance
- Medical equipment
- Replace lost wages
We can help you pay your bills and reach peace of mind. We never set limits on how you can use your loan. Once the money hits your account, it is yours to use however you see fit for you and your family.
Are There High-Interest Rates for Pre-Settlement Funding in Newark?
We do not have a standard interest rate because each of our loans is unique. Instead, we can promise that depending on your specific funding needs, we will provide you with the lowest possible interest rate.
We also use a flat rate interest instead of a compound rate. A compound rate can increase your loan daily. A flat rate interest fee increases your principal loan amount slowly and leaves you paying closer to your principal than compound interest.
When Can I Apply for a Lawsuit Loan?
Wherever you are in your legal process, we can help. So long as you have an attorney working with you on your claim, you seek legal funding in Newark.
We try to make the application process as easy as possible with our free application. Here is some information we will need:
- The name of your attorney and law firm
- The predicted value of your case
- The expected length of your case
- The area of law of your case
We believe in involving your legal team because they are the best resource to learn about your situation. Once you qualify, we work with you and your attorney to determine how much New Jersey pre-settlement funding to offer you.
Once you are approved and contracts have been signed between the parties, we will have money in your account in as little as 24 hours.