Cumberland County Lawsuit Loans Provide Support
Cumberland County lawsuit loans provide financial support to plaintiffs while they wait for their lawsuits to conclude. They are advances of cash to plaintiffs by lawsuit funding companies. The purpose of settlement loans is to avoid plaintiffs from having to accept less than fair compensation simply because of their immediate financial issues.
More About Cumberland County
Cumberland County is located in southwestern New Jersey, on the Delaware Bay. It consists largely of farmland and suburban areas. Cumberland County historically was home to a thriving oyster trade and was once known as the “Oyster Capital of the World” as well as glass making enterprises. Currently, Cumberland County industry is largely agricultural consisting of over 70,000 acres of farmland. Cumberland County accounts for nearly 1/5th of NJ’s agricultural value and thus a major part of the Garden State’s agricultural output.
Cumberland County ranks 16th of New Jersey’s 21 counties. Its most populated city, Vineland has over 60,000 according to the 2020 United States Census. The county seat, Bridgeton, is home to county offices and the Superior Court of New Jersey, Cumberland County. Bridgeton, NJ is also near South Woods State Prison which opened near Bridgeton in 1997. South Woods is the largest state prison in New Jersey.
Cumberland County Lawsuits and Funding
Although Cumberland County is NOT NJ’s most populated region, it is far from the least populated area. Part of the famous Northeast Corridor ranging from Washington, DC to Boston, many people still live in the area. People interacting means accidents are not only possible, but all too common. For example, the NJ Department of Transportation noted that Cumberland County had over 3,200 crashes in 2020. Further, 966 reported injuries from the accidents.
Accidents give rise to accident lawsuits as injured victims seek compensation under various societal safety nets put in place for this purpose. Injured plaintiffs seek justice by filing lawsuits in Cumberland County courts under the legal theory of negligence.
Lawsuits take time however, and many injured parties must wait several years before they receive any type of compensation. This can lead to financial trouble, especially if plaintiffs can no longer work to pay their bills.
Of course, the insurance companies are aware of this situation and some use it to gain a tactical advantage in negotiating a final settlement. Knowing a particular plaintiff is in financial straights, insurers offer less than fair compensation hoping plaintiffs will accept it because of their situation. The tactic often works as plaintiffs succumb to the financial pressure.
Cumberland County lawsuit loans are one solution to this problem.
What is a Cumberland County Lawsuit Loan?
Lawsuit loans are advances on a potential settlement. Cumberland County lawsuit loans are simply lawsuit loans in which the plaintiff resides in the county.
Cumberland County lawsuit loans were designed to help plaintiffs access the value of their cases prior to settlement. Structured as a sale of future settlement proceeds, lawsuit loans allow plaintiff attorneys to pursue justice properly and thoroughly – without the additional stress of a plaintiff who is desperate for cash.
Lawsuit loans are specialty finance and are not actually “loans” in the traditional sense. Typical loans are repaid at some point in the future. Lawsuit loans are only repaid if the case is successful. Thus, lawsuit loans are non-recourse settlement advances.
If you want to learn more about lawsuit loans, give us a call or simply browse around this website. Here you will find answers to frequently asked questions regarding Cumberland County lawsuit loans.
If You Have Any Questions, Call 888-964-2224
Cumberland County, NJ Municipalities
Cumberland County consists of 14 municipalities. Cumberland County lawsuit loans are available in the following areas:
- Deerfield Street
- Dividing Creek
- Port Elizabeth
- Port Norris
How to Get Started
The process of obtaining a Cumberland County lawsuit loan is very simple. We can have cash in your hands in as little as 24 hours. Simply contact us and start the lawsuit funding process. With your permission, we contact your attorney and review the details of the case. For more information about how we evaluate cases, visit this post about underwriting lawsuit loans.
Once approved, we send you a contract. Once executed, we send your cash via wire or overnight carrier. For more information about how lawsuit funding works, click here.
Call us to get started. Tell us your story. We can help.