Fair Rate Funding Offers Idaho (ID) Lawsuit Loans.
Idaho plaintiffs can file lawsuits for a variety of reasons. Idaho lawsuits loans are financial transactions which seek to bridge the gap between filing and settlement. ID lawsuit loans offer immediate cash to plaintiffs to meet their everyday needs. Fair Rate Funding offers plaintiffs financial flexibility to refuse low-ball settlement offers and hold out for just compensation.
The Need for Idaho Lawsuit Loans
Idaho legal funding allows plaintiffs to financially withstand the long, drawn out legal process. Delays between the filing of the claim and ultimately receiving compensation are caused by a variety of factors. These can include:
- Where the claim/lawsuit is filed
- The plaintiff’s attorney
- The nature of plaintiff’s medical treatment
- The number of defendants
- The number of plaintiffs
- Which insurance carrier is defending the claim
- And more . . .
While the claim is pursued, personal injury plaintiffs often find themselves unable to work. Financial stress forces many to accept unfair settlement just to ease the financial strain.
ID settlement loans offer plaintiffs immediate relief which bridges the gap between the accident and settlement. During that time, plaintiff lawyers can fight for justice and secure fair compensation.
There is very little formal regulation of lawsuit loans in the state of Idaho. Fair Rate Funding provides “fair rates” to Idaho residents who wish to utilize their potential claim to secure immediate funding.
Although not particular to lawsuit loans, there are Idaho laws that can affect the amount you can access through your lawsuit. For example, Idaho’s modified comparative negligence standard might affect an approval amount.
Comparative negligence is not unique to Idaho and means:
- You can only receive compensation if you are less than 50% responsible for the damages you are claiming.
- Your total compensation is reduced by the same percentage as your percentage of fault, if any.
For example, if a jury attributes you 25% responsibility for an accident which caused you harm and that same jury assessed damages at $200,000, the $200,000 would be reduced by 25% and you would receive $150,000.
If You Have Any Questions, Call 888-964-2224
What is a Lawsuit Loan?
Idaho lawsuit funding, also known as lawsuit loans or settlement loans, are financial transactions where a plaintiff sells a portion of the future proceeds of a lawsuit in exchange for an immediate sum of cash. Fair Rate Funding specializes in Idaho lawsuit funding for personal injury plaintiffs.
If the case is successful, the lawsuit loan is repaid by plaintiff’s attorney. If the case is lost, the lawsuit “loan” is not repaid. This is called non-recourse funding and means lawsuit loans are not really loans at all.
How do Idaho Lawsuit Loans Work?
Once you apply, our underwriters will ask about your case, request the appropriate documents from your attorney’s office and then let you know how much cash we can offer you. In most cases, Fair Rate Funding provides residents of Idaho with an Idaho lawsuit loan advance within 24-48 hours.
Once approved, we will send you some documents for your signature. Your attorney will sign off as well indicating they will repay the advance when you win your case. Afterwards, we will overnight you a check or deposit the cash right into your bank account.
Call us and find out how easy it can be to secure an Idaho lawsuit loan from Fair Rate Funding.
We provide settlement funding services for lawsuits in Idaho and in the following states: Alabama, Alaska, California, Connecticut, Delaware, Florida, Hawaii, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Illinois, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming and the District of Columbia.