Utah Lawsuit Funding Helps Plaintiffs
Fair Rate Funding is known as a leader in the lawsuit funding business. We specialize in Utah lawsuit loans (UT Lawsuit Funding) for Utah plaintiffs. If you are involved in an Utah (UT) lawsuit and are in need of immediate cash, you can apply for UT lawsuit funding and have cash in hand within one business day!
Why Lawsuit Loans?
Although some lawsuits are settled quickly, most last much longer. Often many months or even years elapse before Utah victims are compensated.
The time it takes to settle a UT 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 . . .
This situation is often exploited by financially strong insurance companies who know full well how to delay what eventually must be paid. In many cases, victims must accept less than their lawsuit is really worth simply to avoid financial hardship. Utah lawsuit loans can help.
Fair Rate Funding specializes in Utah lawsuit funding (UT Lawsuit Funding) for plaintiffs. We can help you get the financial help you need to cover your living expenses, medical treatment, investment opportunities or whatever. In fact, there are no restrictions on the use of a lawsuit loan!
What Are Lawsuit Loans?
Lawsuit loans, also known as settlement loans, are specialty financial transactions where a plaintiff sells a portion of the future proceeds of a lawsuit and receives immediate cash in return. Fair Rate Funding specializes in UT lawsuit loans for plaintiffs.
Lawsuit loans are not actually loans in the traditional sense of the term since traditional loans imply repayment at some point in the future. Lenders expect to be repaid plus interest at some definitive point in the future.
Compare that to lawsuit loans which are actually a sale of the future property rights of a portion of the settlement. Basically, the plaintiff sells a part of the settlement before it actually settles. Because of this, lawsuit loans in Utah and elsewhere require repayment only if the case is successful.
Further, lawsuit loans are different than traditional loans because they are non-recourse. This means your Utah lawsuit loan is repaid only from a settlement and never from you personally.
If You Have Any Questions, Call 888-964-2224
What are UT Lawsuit Loans Used For?
Utah 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.
Again, there are absolutely no restrictions on the use of Utah lawsuit loans. After all, it’s your money!
How Do I Get Started?
We currently service plaintiffs throughout the entire state of Utah. This includes the following metropolitan areas:
- Salt Lake City
- West Valley City
- West Jordan
- St. George
- South Jordan
Once you apply, our underwriters will give you a brief interview on how your accident happened, request the appropriate documents from your attorney’s office and then let you know how much of a case advance we can offer you. In most cases, Fair Rate Funding provides residents of Utah with a Utah lawsuit loan advance within 24-48 hours.