Call 888-964-2224 for IL Lawsuit Funding Now!
Fair Rate Funding is a leader in Illinois lawsuit loans and is proud to serve lawsuit funding in IL. If you or a loved one was involved in an accident, have a lawsuit, and need cash now, you can qualify for Illinois lawsuit loans through Fair Rate Funding!
Fair Rate Funding offers Illinois lawsuit loans (IL lawsuit loans) for plaintiffs who are struggling to make ends meet during the litigation process. We help plaintiffs get the money they need, when they need it. Lawsuit loan money is used to cover all types of expenses.
Fair Rate Funding also facilitates attorney lawsuit funding for law firms who need specialty cash flow solutions.
What is an Illinois Lawsuit Loan?
Lawsuit loans are financial transactions in which a lawsuit “lender” advances cash in return for a portion of the future proceeds of a lawsuit. The plaintiff pledges a certain portion of the settlement to the lawsuit loan company and receives immediate cash to use at his discretion.
A defining lawsuit loan feature is if the case is lost, the lawsuit loan is not repaid. This fact makes lawsuit loans “non-recourse” funding and really not a “loan” in the traditional sense of the word.
Why Do Plaintiffs Need Settlement Funding?
While some personal injury lawsuits are resolved within months, the vast majority take longer to ultimately compensate personal injury victims in Illinois and throughout the United States. Many Illinois lawsuits take years before a settlement is reached.
The time it takes to settle an Illinois lawsuit depends on a multitude of factors, such as:
- The county where the lawsuit was filed
- The experience of the attorney and his/her relationship with the defendant and/or his/her insurance carrier
- The extent of the medical treatment
- The number of defendants
- The number of plaintiffs
- And more . . .
While every case is different, when a Illinois personal injury attorney is retained by a plaintiff, he goes to work compiling the necessary medical records, evidence of liability, and other documents. He/she must also ascertain any available insurance coverage and reach out to that carrier to let them know there is a potential claim. Most of the time, these tasks go on “behind the scenes” while the plaintiff obtains treatment for his/her injuries.
Many legal funding clients are personal injury plaintiffs who find themselves unable to work because of their injuries. This leaves many in financial turmoil and often forces plaintiffs to accept “low-ball” settlement offers from the insurance companies defending the claim/lawsuit. Because the plaintiffs are struggling financially, plaintiff sometimes accept these unfair settlements simply to temporarily ease their immediate financial concerns.
Settlement loans (lawsuit loans) allow plaintiffs to meet their financial obligations so that their attorneys can fight for a more appropriate settlement.
If You Have Any Questions, Call 888-964-2224
How Does Illinois Lawsuit Funding Work?
The process for lawsuit loans in Illinois is as follows:
- Apply for funding easily online or over the phone (888-964-2224). Provide us basic information about your case and attorney.
- We gather documents and speak with your lawyer about the case. We then approve you either for the amount you request or an amount we are comfortable with.
- Once approved, you are forwarded a contract for signature. Your attorney will sign off as well indicating the firm will repay the advance according to the contract.
- We then send you the lawsuit advance via overnight courier or bank transfer.
Illinois citizens can apply for IL lawsuit funding with lawsuit funding companies which provide Illinois lawsuit funding for plaintiffs who need cash now, before their case is settled. If you live in Illinois and are involved in a lawsuit, Illinois lawsuit loans from Fair Rate Funding can help you.
How Do I Qualify for Lawsuit Loans (Lawsuit Funding)
If you have a personal injury lawsuit and have a lawyer representing you on a contingency fee basis, which means the attorney is only paid if you win the lawsuit, you may be eligible for Illinois lawsuit funding from Fair Rate Funding. If you need cash now while waiting for your case to settle, we can provide Illinois settlement funding to help you while your case is litigated.
Qualifying for a Illinois lawsuit loan may be a lot easier than you think. If you were injured in Illinois, through no fault of your own, and have an attorney working on your case, you will likely qualify for a Illinois accident loan. Fair Rate Funding makes it easy to apply for lawsuit loans for all kinds of cases such as:
- Illinois personal injury lawsuit loans
- Labor law violations
- Wrongful termination
- Wrongful death lawsuit loans in Illinois
- Illinois car accident loans
- Many more
How Do I Apply for Settlement Loans?
To begin, complete the application form or click the “Apply Now” at bottom of this page, and an experienced agent will call you shortly. Or feel free to contact us directly at 888-964-2224 and we will begin working on your case immediately.
We provide settlement funding services for lawsuits in Illinois and in the following states: Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, 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.
Thank you for choosing Fair Rate Funding for Illinois Lawsuit Funding.