Louisiana lawsuit loans help plaintiffs prior to settlement.
Thousands of accidents occur in Louisiana every day. Many of these accidents, whether they are car wrecks, slip and falls or accidents that occur on a private property, result in severe and permanent injury for the party involved.
Accidents can and do happen. Many could have been avoided but for another’s negligence. Negligence means that another person or entity owed a duty of care, that duty was breached and that breach caused the plaintiff to sustain personal injury or other damages.
In Louisiana, state and federal laws protect people who are injured as a result of another’s negligence. These laws allow injured parties to recover money as compensation for their injuries. Tens of thousands of Louisiana personal injury claims and lawsuits are filed in the Louisiana courts each and every year.
Louisiana Plaintiffs Face a Delay in Justice
While some personal injury lawsuits are resolved within months, the vast majority take longer to ultimately compensate personal injury victims in Louisiana and throughout the United States. Many Louisiana lawsuits take years before a settlement is reached.
The time it takes to settle a Louisiana 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 . . .
Because injured plaintiffs are sometimes unable to work, many find themselves in need of some additional cash. Louisiana lawsuit loans from Fair Rate Funding can help.
What is the Purpose of Lawsuit Loans?
The purpose of lawsuit loans is to level the financial playing field between financially strong insurance companies and plaintiffs. Many plaintiffs are unable to work due to the circumstances surrounding their cases. Lawsuit settlement loans allow plaintiffs to pay their bills while their attorneys secure the maximum amount of compensation available.
Louisiana Lawsuit Loans (Lawsuit Funding)
Do you need a lawsuit loan in Louisiana (LA)?
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, and a funding company, such as Fair Rate Funding offers immediate cash in exchange. Fair Rate Funding specializes in Louisiana lawsuit loans for personal injury plaintiffs.
How is a lawsuit loan different than regular loan?
Lawsuit loans are financial transactions where a plaintiff sells a portion of the proceeds of a lawsuit or claim. The lawsuit funding company purchases the proceeds at a discount and expects a return on the purchase price according to the contract. Because the future proceeds are sold, they are not really loan collateral. For this reason, if the lawsuit is unsuccessful, the proceeds will not exist and the purchaser is left holding nothing of value.
In other words, lawsuit loans are not traditional loans which imply repayment at some point from the borrower. Lawsuit loans are not repaid unless the lawsuit is successful.
Is there a credit application?
Louisiana lawsuit loans require no credit application because credit is irrelevant. As stated above, lawsuit loans are an advance on a potential future settlement. There are no payments to make and the lawsuit is the sole means for repayment.
What types of cases are considered?
If you have a personal injury lawsuit and have a lawyer representing you, you could qualify for Louisiana lawsuit loans from Fair Rate Funding. If you need cash now and cannot wait until your lawsuit is resolved, we can help you with Louisiana settlement funding.
- Animal & Dog Bites
- Automobile Accidents
- Aviation Accidents
- Bicycle Accidents
- Boating Accidents
- Birth Injuries
- Brain Injuries
- Burn Injury
- Bus Accidents
- Car Accidents
- Catastrophic Injuries
- Construction Accidents (Labor Law)
- Defective Products
- Drug & Pharma Cases
- FELA (Railroad)
- Legal Malpractice
- Maritime and Jones Act
- Medical Malpractice
- Motorcycle Accidents
- Motor Vehicle Accidents
- Nursing Home Negligence
- Pedestrian Accidents
- Premises Liability
- Slip and Falls
- Third Party Accidents
- Wrongful Death
- and more . . .
Louisiana lawsuit loans afford financial relief for plaintiffs who have a hard time making payments for daily living expenses.
What are LA Lawsuit Loans Used For?
Louisiana lawsuit loans are used for any expenditure but are generally used for:
- medical treatment
- mortgage or rent payments
- car payments
- household expenses
- school tuition
- outstanding debt
- catch up on bills, etc.
In fact, there are absolutely no restrictions on the use of Louisiana lawsuit loans. After all, it’s your money!
If You Have Any Questions, Call 888-964-2224
How to Apply for Lawsuit Loans in Louisiana
We know you have a choice of lawsuit settlement funding companies and are happy to assist you. To obtain Louisiana lawsuit settlement funding in the quickest and easiest manner, please file out this quick application or call us at 888-964-2224.
We will contact you immediately and begin the process. You can then relax and allow Fair Rate Funding to work for you. We routinely provide settlement funding for Louisiana lawsuits within 24 hours of receiving the paperwork from your attorney.
We provide lawsuit funding services in the following states: Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Maine, Massachusetts, Michigan, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Utah, Vermont, Virginia, Washington, Wyoming and the District of Columbia.
Thank you for choosing Fair Rate Funding for Louisiana Lawsuit Funding.