Passaic County Lawsuit Loans Help Litigants
Passaic County lawsuit loans help plaintiffs pay their expenses while they wait for their lawsuits to settle. Lawsuit funding allows plaintiffs to pursue fair compensation for their injuries and other damages.
Passaic County Facts and Figures
Passaic County is located in northeastern New Jersey and consists mostly of urban and suburban areas. Many consider Passaic County to be part of the New York metropolitan area due to its proximity to Manhattan.
Passaic County is New Jersey’s eighth (8th) most populated county with over 500,000 residents according to the 2020 United States Census. The county seat, Paterson, is the county’s most populous city. Paterson is the location of state and county offices including the Superior Court of New Jersey, Passaic County. The Passaic County Court House address is: 77 Hamilton Street, Paterson, New Jersey 07505 and phone number – 973-653-2910. Paterson is also home to the Paterson Great Falls National Historical Park.
The city of Passaic began as an industrial town formed on the banks of the Passaic River which empties into Newark Bay and then into the Atlantic Ocean. There, factories produced textiles, cables and wiring. Passaic is also known as “The Birthplace of Television“. In 1931, W2XCD began transmitting television signals from DeForest Radio Corporation into homes.
Passaic County is also home to William Paterson University which was established in 1885 and is a public university located in Wayne, NJ.
Passaic County Lawsuits and Funding
Many of Passaic County’s smallest municipalities are densely populated. Large numbers of people living in close proximity to each can bring diverse ethnic exposure and are positive to the area.
The bad news is that such a mass of people also increases the chance for accidents both on the roadways and otherwise. In 2020, the NJ Department of Transportation, reported 2,726 automobile crashes in Passaic County. This number was down from over 4,000 in the previous five (5) years. Other accidents involving injuries are also common in densely populated regions.
Thankfully, society’s safety nets allow injured accident victims to seek redress within the court system. Accident lawsuits make up the majority of civil lawsuits. Unfortunately, getting compensated for injuries is no easy task as many plaintiffs must wait many months or even years before they see any relief. Further, many are injured and no longer able to work leaving them in financial turmoil.
This situation results in many injured plaintiffs to accept low-ball settlement offers to address immediate financial concerns. If they had the financial means to endure the legal process, they would be able to secure compensation that is fair and just.
Passaic County lawsuit loans offer one possible solution to this dilemma.
What is a Passaic County Lawsuit Loan?
Lawsuit loans are special financial transactions where plaintiffs sell a portion of their settlement ahead of time. The lawsuit funding industry originated so that plaintiffs can keep up with living and other expenses while the case progresses through the system. Again, the purpose of settlement loans is to avoid having to accept low-ball offers from insurance companies simply because immediate cash is needed.
Just to clarify, lawsuit loans are not “loans” in the traditional sense since repayment depends upon the success of the case. If the plaintiff loses, the lawsuit loan is not repaid. Further, the sole source of repayment must be the recovery itself. Accordingly, lawsuit loans are referred to as non-recourse since the lawsuit funding company has no ability under the contract to pursue the plaintiff personally for repayment.
The added benefit is that creditworthiness is irrelevant for purposes of lawsuit loan approvals. Income verification, employment status and history, all criteria for traditional loans are not part of the lawsuit loan process.
To learn more about lawsuit loans visit our frequently asked questions page.
If You Have Any Questions, Call 888-964-2224
Passaic County, NJ Municipalities
Passaic County consists of 21 municipalities. Passaic County lawsuit loans are available in the following cities:
- Little Falls
- North Haledon
- Pompton Lakes
- Prospect Park
- West Milford
- West Paterson
Get Started with Lawsuit Funding
The process of obtaining an Passaic County lawsuit loan is quite simple.
- Complete our Quick Application.
- We contact you to discuss your case.
- We discuss your case with your lawyer.
- When approved, we forward you a contract.
- You sign and return.
- We fund your case via overnight courier or electronic bank transfer.
Fair Rate Funding is a direct lender. Our rates for lawsuit cash advances are among the lowest in the business.
Call us to get started. We are here to help.