Wrongful Imprisonment Lawsuit Loans Help Victims
Wrongful conviction lawsuit loans give victims of wrongful imprisonment the ability to access immediate cash prior to settling their case. The cash can be used for any number of reasons and is only repaid if the case is successful.
Wrongful Convictions in the United States
Wrongful convictions have always been a problem. The United States criminal justice system is probably the fairest of all the world’s systems. It uses the “beyond a reasonable doubt” standard so that crimes are difficult to prove.
These concepts are partially born from Sir William Blackstone, an English jurist. The idea, also known as Blackstone’s ratio, is that it is better to allow 10 guilty men go free than to wrongfully imprison an innocent person. The goal of Blackstone’s formulation is not to allow the guilty to go free. It is to ensure the innocent are not unfairly jailed or otherwise punished.
Blackstone’s ideas are firmly impressed upon American criminal law. They are the reason for the presumption of innocence in criminal proceedings. That is, you are presumed ‘not guilty’ until proven otherwise.
Nevertheless, wrongful convictions and unlawful imprisonment continue to this day. It is estimated that as many as 3% -. 6% of all people incarcerated in U.S. prisons have been wrongfully convicted. Estimates also suggest that approximately 4% of defendants sentenced to death are later proven innocent of their crimes.
What Leads to Wrongful Convictions?
There are many sources of error that contribute to wrongful convictions. These might include:
- suggestive lineups
- false confessions
- forensic errors
- tunnel vision by police and prosecutors
- misconduct of prosecutors and/or investigators
- ineffective assistance of counsel
- structural issues with the criminal justice system
- errors in sentencing
- and others . . .
Contributing factors greatly increase the chances a defendant is wrongfully accused and convicted. They can and do happen and some remedies are available to those victimized by the system.
Wrongful Imprisonment Remedies
Those who have been wrongfully convicted lose liberty and freedom, but they also lose much more. Not only did their incarceration prevent them from enjoying their earlier years, many also suffer post release. Most suffer from permanent scars from issues associated with their incarceration. Others face enormous debt from financing legal fees associated with proving their innocence. They are strapped for cash. They need help.
There are some remedies, however. Yet each has their shortcomings, especially as they pertain to the victim’s financial well-being.
Wrongful Conviction Lawsuits
Wrongfully convicted victims can pursue legal or legislative remedies which include constitutional or common law tort remedies, private legislative bills, and claims under state compensation statutes. Some victims pursue compensation under 42 U.S.C §1983 which allows for compensation when a person is deprived of their constitutionally protected rights. Others seek compensation from state lawmakers directly.
The vast majority of monetary compensation for wrongfully convicted or imprisoned involves state compensation statutes. Currently, 35 states have wrongful conviction compensation statutes. A breakdown of these statutes can be found here.
The road to compensation is not an easy one however as some claims are difficult to prove. These difficulties include fronting the costs of litigation and the difficulty of producing evidence related to a crime that occurred perhaps many years in the past. Even if successful, the legal process has taken its toll on the victim both emotionally and financially.
Wrongful conviction lawsuit loans can help.
What is a Wrongful Conviction Lawsuit Loan?
A wrongful conviction lawsuit loan is a financial transaction in which a lawsuit lender advances money on a pending wrongful conviction or imprisonment lawsuit. The plaintiff gets immediate cash to pay for living expenses or other obligations. In return, the plaintiff pledges a portion of the future settlement.
If the case is successful, the wrongful conviction advance is repaid according to the terms of the contract. If the case is lost for some reason, the advance is not repaid. That is because a wrongful conviction lawsuit loan is not actually a loan at all.
Instead, a wrongful imprisonment lawsuit loan is a purchase of a part of the settlement ahead of time. If the case is lost, then what the funding company purchased is worthless. That means the lawsuit funding company has “no recourse” against the plaintiff for repayment. The SOLE source of repayment must be the lawsuit settlement proceeds.
These aspects of a wrongful conviction loan are important because normal loan factors are irrelevant for lawsuit loan approvals. These factor might include:
- Credit scores
- Employment status
- Asset ownership
- Property assessments
Since the plaintiff’s personal money is not at issue, none of these issues are used to evaluate (underwrite) a wrongful conviction lawsuit loan. Instead, the merits of the case are the only factors under consideration.
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How Much Can I Qualify For?
We cannot know how much money will be available to you until we see the specifics of your case. You should know however, we have funded other wrongful conviction lawsuit loan amounts up to $1,000,000.
Most state compensation statutes provide at least $50,000 per year of wrongful incarceration. Federal compensation laws provides for $50,000 each year imprisoned. Some states offer higher limits.
As a general rule, wrongful conviction lawsuit loans are offered at 10-15% of the estimated settlement value of the claim. Thus, a $1 million claim can expect an approval of up to $100,000. Of course, other case specific factors can raise or lower this amount.
What is the Wrongful Conviction Lawsuit Loan Process?
The wrongful imprisonment lawsuit loan process is easy and straightforward.
- You apply with us and provide us with some basic information.
- We contact your attorney to discuss the case and everyone’s expectations.
- When approved, we forward you a contract for signature.
- Once received, we send you your wrongful conviction lawsuit advance via overnight courier or electronic bank transfer.
Fair Rate Funding understands that you’ve been through a lot. We want to help. Our mission is to provide the financial support you need to pursue justice.
How Do I Get a Wrongful Imprisonment Lawsuit Loan?
To apply for a wrongful conviction lawsuit loan, simply fill out this online form, or call us at 888-964-2224. One of our representatives will contact you shortly and walk you through the process.
When you call, you won’t get a phone system or answering service. You get a live person on the phone – one who specializes in helping you get the money you need when you need it.
Call us now and learn how wrongful imprisonment lawsuit loans can help you. The call is free, and you are under no obligation whatsoever. Give us a call, you’ll be glad you did.