If you were affected by the deadly Woolsey wildfire in 2018, you are probably pretty frustrated. If you are, you aren’t alone.
The fire burned more than 97,000 acres of land in Los Angeles and Ventura counties while three people died during the fire.
Many individuals affected by the 2018 wildfire found that their insurance policies were not enough to cover their losses. For someone who had nothing to do with causing the fire, this is a very frustrating situation to find yourself in.
Thankfully, you can file a lawsuit against the responsible party: electricity provider Southern California Edison (SCE).
Filing an SCE lawsuit can help you recover the damages that you are due, but you won’t get money in your pocket overnight. Sometimes lawsuits take years to settle, other times mere weeks.
In any case, it doesn’t happen immediately. This presents a problem for many individuals, as the initial cost of rebuilding one’s home often exceeds the limits of insurance policies.
Thankfully, you can get the financial help you need before your Edison lawsuit settles. All you have to do is take out a lawsuit loan with the help of our Injury Wallet team.
At Injury Wallet, we help our clients get the money they need now to avoid future financial headaches. Furthermore, we guarantee the lowest interest rates in the legal lending industry. The end result is this: you get to keep more of your settlement money.
Read on for more information on lawsuit loans and how Injury Wallet can help with your SoCal Edison wildfire claims.
Get started today by filling out our short application form.
The Southern California Edison Lawsuit
Investigators in California attributed the 2018 Woolsey wildfire to faulty, unsafe electrical components. As a result of this finding, SCE has found itself at the center of numerous lawsuits.
Despite acknowledging no wrongdoing, SCE settled a number of those lawsuits in January 2021 with a $2.2 billion settlement agreement. The agreement pertains to lawsuits filed by insurers against the company.
Thus, the agreement does not necessarily apply to individual lawsuits against SCE.
With that said, however, the $2.2 billion figure shows that claims against the company can be successful, and their potential size is far from insignificant.
Frequently Asked Questions About SCE Wildfire Lawsuit Loans
Lawsuit loans are a growing industry in the United States, but many people have never heard of them. We field countless questions from prospective clients every day, but these are the questions we get asked most frequently.
Read on for more information on how lawsuit loans work and how Injury Wallet can help.
What Is a Lawsuit Loan?
Essentially, a lawsuit loan is a tool that acts as a sort of financial bridge. The bridge covers the gap between the time when someone files a lawsuit and when they receive their settlement.
That time is often a financially precarious one. Often, people find themselves bearing the brunt of bills that they will eventually have covered by the settlement. But this can put a strain on finances in the short and long run.
If you can’t pay the bills, interest piles up, which eats into your eventual settlement. With a pre-settlement loan, you can take care of your immediate financial needs and maximize your injury settlement.
How Do Lawsuit Loans Work?
Lawsuit loans are different from other loans in that they are non-recourse loans. With a typical recourse loan, a lender can seek recovery from any and all assets necessary to cover a debt in the event that a borrower defaults.
With a non-recourse loan, a lender can only recover payment through specified collateral. With a lawsuit loan, this specified collateral is your eventual settlement.
What does this mean in practice? It means that if you lose your case, you don’t have to repay the loan.
How Can Injury Wallet Help Me?
At Injury Wallet, we aren’t a lawsuit lending company. Instead, we connect potential borrowers with potential lenders. Instead of shopping around for a loan and filling out multiple applications, you submit just one application.
We do the rest. We bring your application to the nation’s leading lawsuit lenders, review their proposed agreements, and come back to you with the best one possible.
With our help, you won’t have to worry about reviewing the fine print in countless potential loan agreements. Instead, you can focus on winning your lawsuit and getting your life back in order.
How Do I Qualify for a Lawsuit Loan?
Qualifying for a lawsuit loan is simple. All you have to show is that you are filing a lawsuit and have an attorney representing you in the case.
When a lender gets your application, they check in with your attorney to verify your case and learn more about it’s chances of success.
Using your lawsuit’s chance of success and likely settlement amount, the lenders calculate your interest rate and the amount they are willing to loan you.
Find the Best SCE Wildfire Pre-Settlement Loan Today
Don’t let those bills pile up as you fight your case to get the compensation you deserve. The interest and late fees can eat up so much of your eventual settlement that it may not even cover the entirety of your damages.
Instead, take out a lawsuit loan with the help of Injury Wallet. Doing so will guarantee you the best rate in the industry while also saving you time and effort.
Applying is risk-free, so don’t hesitate to see what our team can do for you. Get started with Injury Wallet today!