Ocean County Lawsuit Funding Supports Civil Litigants
Ocean County lawsuit loans allow plaintiffs to meet their obligations while their lawsuits are litigated. Lawsuit loans level the playing field between plaintiffs and deep pocketed insurance companies which defend against their claims by allowing plaintiff attorneys the time necessary to secure just compensation.
Ocean County Location and Background
Ocean County is part of the Jersey Shore and located on the coast in central eastern New Jersey. Consisting of beach towns and surrounding areas, the county is mostly suburban with some more densely populated areas in Lakewood, and Toms River. Toms River is the county seat and is home to county offices and the Superior Court of New Jersey, Ocean County. Ocean County College is also located nearby as well as Georgian Court University in Lakewood. Georgian Court opened in 1908 on the winter estate of the railroad tycoon family of Jay Gould.
Ocean County borders Monmouth County to the north, Burlington County to the west, and Atlantic County to the South. Ocean County is the fastest growing county in New Jersey since 2020 and ranks as the NJ’s sixth most populated county with over 500,000 residents. By extension, many consider Ocean County to be part of the New York metropolitan area.
Millions of people travel to Ocean County every year. It is centrally located between New York City (70 miles), Philadelphia (50 miles) and Atlantic City in neighboring Atlantic County. Beach towns such as Seaside Heights, Seaside Park, Point Pleasant, Long Beach Island provide access to some of the most beautiful beaches in the world. Other attractions include Great Adventure Amusement Park in Jackson, NJ in the western part of the county. Also, Island Beach State Park is known for its 3,000 acres of coastal dunes, fishing, boating and sun worshiping.
Ocean County Lawsuits
The sheer number of Ocean County visitors brings economic stability and diverse experiences to the area. Unfortunately, large amount of people in a small area has its downside. At the Jersey Shore, visitors and residents alike can expect more dangerous conditions on roadways and thus more accidents. This is especially true in the summer months when Ocean County tourism is at its peak. According to the NJ Department of Transportation, Ocean County had almost 12,000 crashes in 2020 and almost 15,000 in 2019. Of those crashes, over 2,600 reported injuries in 2020. Also, the large amount of business patrons in the area can lead to an increase in slip and fall type negligence claims during the tourist season.
Accidents can result in serious injuries and inevitably result in lawsuits where injured parties seek compensation for their conditions. The legal process is time consuming since the large number of cases overwhelms the courts’ ability to judge them. This condition is known as a “crowded docket” as plaintiffs can wait years before their claims resolve even if the elements of negligence are easily proven.
Unfortunately, many injured plaintiffs are no longer able to work leaving them in financial straights while they wait out the process. Insurance companies know this situation well. They often use a plaintiff’s financial condition as leverage in forcing plaintiffs to accept low-ball settlement offers simply to ease immediate financial concerns.
Ocean County lawsuit loans attempt to level the playing field and are a solution to this problem.
What is a Ocean County Lawsuit Loan?
Lawsuit loans are financial transactions where plaintiffs sell a portion of their lawsuit settlement prior to receiving them. Lawsuit funding companies advance money prior to settlement so plaintiffs can pay for living and other expenses while they wait for the case to progress. Other uses for the settlement advances might include paying for:
- past debts
- surgical and other medical treatment
- mortgage or rent
- car payments or other transportation costs
- and more. . .
In truth, lawsuit loans can be used in any way plaintiff see fit. It’s their settlement money after all, plaintiffs are just getting it prior to settlement.
Differences between loans and lawsuit loans
Lawsuit loans are not “loans” in the traditional sense since repayment depends on the plaintiff winning the case. Instead, they are a partial assignment of rights to the settlement proceeds. If the case is lost, the lawsuit loan is not repaid. The lawsuit proceeds must be the source of the repayment. A lawsuit lender cannot pursue the plaintiff personally for repayment. Ocean County lawsuit loans are non-recourse funding.
To learn more about lawsuit loans visit our frequently asked questions page.
If You Have Any Questions, Call 888-964-2224
Ocean County, NJ Towns and Cities
Ocean County consists of 33 municipalities. Ocean County lawsuit loans are available in the following cities:
- Barnegat Light
- Bay Head
- Beach Haven
- Harvey Cedars
- Island Heights
- Little Egg Harbor
- Long Beach
- Ocean Gate
- Pine Beach
- Point Pleasant
- Point Pleasant Beach
- Seaside Heights
- Seaside Park
- Ship Bottom
- South Toms River
- Surf City
Getting Started with Ocean County Lawsuit Loans
To be eligible for Ocean County lawsuit loans you must:
- have a pending claim
- be over the age of 18 and
- be represented by an attorney.
The lawsuit funding process is easy and begins with a Quick Application. After we speak to you about your options, we contact your attorney to discuss the details of your case. Once approved, you sign and return the funding agreement. When received, you receive your lawsuit loan. It’s really that simple!
Keep in mind, we will NEVER get involved with the handling of your case. That is between you and your attorney. Instead, we wait upon settlement just as you would. We are your silent partner and will remain that way.
If you were involved in an accident or civil case, have an attorney and want to get cash prior to settlement, Fair Rate Funding can help you! Civil lawsuits often cause both physical and financial hardship.
When financial strain forces you to consider accepting less than you deserve, don’t wait – call Fair Rate and let us help you.