If you have a pending lawsuit due to an injury or negligence, you might wonder whether you can get a lawsuit loan even if you’re unemployed. The good news is that you can get a lawsuit loan without a job.
Injury Wallet can assist you in finding the most suitable pre-settlement loan option to meet your needs.
We aim to provide you with the best options and save you the trouble of searching for loan companies on your own.
What Is a Lawsuit Loan?
A lawsuit loan, commonly known as pre-settlement funding, is available to plaintiffs while their lawsuit is pending. It is a loan that provides cash in advance for a pending settlement award or lawsuit judgment.
The lender will give you a portion of your expected settlement or award, which you will repay with interest if you win your case. If you lose your case, you’ll pay nothing.
Why Would I Apply for a Lawsuit Loan?
Lawsuit loans can be a lifeline for people injured in an accident or suffering some other injustice.
They can provide much-needed financial assistance while your case is pending, so you don’t have to go into debt or sacrifice your quality of life.
How Can I Get a Lawsuit Loan Without a Job?
Lawsuit loans differ from traditional loans because the lender does not consider your credit score or employment history when deciding whether to approve you.
This means you can get a lawsuit loan while unemployed. This is because the loan is repaid with the proceeds of your lawsuit settlement or award. You do not have to repay the loan if you lose your case.
How to Apply for a Lawsuit Loan
To apply for a lawsuit loan, you must provide the lender with information about your pending lawsuit, such as the type of accident or injury you suffered, the name of your attorney, and the estimated value of your case.
The lender will require your medical records and documentation related to your lawsuit.
To qualify for a lawsuit loan, you need to show that your lawsuit has merit (meaning that you have a good chance of winning).
For unemployed loan applicants, some lenders require you to have a good track record of paying your bills on time.
Let Injury Wallet Help You Find Your Lawsuit Loan
If you’ve been injured in an accident and are struggling to make ends meet, a lawsuit loan can help.
We’re here to make the process as easy and stress-free as possible. Just answer a few questions, and we’ll work to match you with the right lender.
Here’s why you should work with Injury Wallet:
- We secure the most affordable rates for lawsuit loans,
- Our team of experts can help you through the entire process, and
- We’re committed to providing our clients with the best possible service.
Contact us today to learn more about lawsuit loans and how we can help you get the money you need.