Many people do not anticipate needing to file a lawsuit.
Unfortunately, careless and intentional acts of others can result in a situation where a lawsuit offers your only chance of being compensated for your losses.
However, the lawsuit process is likely more complicated than you expect. In most cases, the court system goes significantly slower than the parties involved want it to go.
You might think you can resolve your matter in a few weeks, but then you are stuck waiting months for a court date.
Additionally, you need money to file a lawsuit, to hire an attorney, and to continue paying your other financial obligations. So how can you make this work?
Luckily, Alabama lawsuit loans can give you a leg to stand on.
What Is a Lawsuit Loan?
A lawsuit loan is essentially a cash advance on some of your judgment or settlement funds.
Put simply, you can receive your money immediately instead of waiting for your case to finalize.
You can spend your lawsuit loan on whatever you need, such as bills, household necessities, childcare, vehicle repairs, or any other financial obligation you need to satisfy while you wait for your settlement to process.
After all, most companies will not forgive your delinquent bills just because you have an ongoing lawsuit.
What Are the Benefits of Alabama Lawsuit Loans?
Pre-settlement loans in Alabama can offer a number of benefits, such as:
- Allowing you to catch up on financial obligations;
- Giving your attorney more time to gather information for your case;
- Ensuring you receive the maximum settlement possible instead of settling quickly; and
- Keeping your head above water while you wait for the legal process to wind up.
If your needs are met with your lawsuit loan, your attorney has more time to advocate for the highest possible settlement in your case.
Are Lawsuit Loans the Same as Personal Loans?
Alabama settlement loans are not the same as a personal loan that you would apply for through a banking institution.
Unlike a personal loan, you do not have to pay back a lawsuit loan if you do not prevail in your case.
Additionally, lawsuit loans do not consider things like your income or your employment history when making approval decisions.
Instead, approval is based on the likelihood of your lawsuit being successful.
What Cases Are Eligible for Alabama Lawsuit Loans?
Alabama lawsuit funding is available for several causes of action, such as:
- Car accident claims,
- Slip and fall claims,
- Wrongful death claims,
- Workers’ compensation claims,
- Medical malpractice claims, and
- Nursing home abuse claims.
If you are in the midst of a lawsuit for one of these causes of action, you could qualify for a lawsuit loan.
Injury Wallet can help connect you with a lawsuit loan company that fits your needs.
How Can Injury Wallet Help Me?
Injury Wallet does not offer Alabama lawsuit loans to consumers. Instead, we connect plaintiffs with potential lenders that suit their loan requirements.
We can help you avoid the hassle of checking with multiple lenders to find a legitimate lawsuit loan provider.
We will handle the heavy lifting for you and find the loan with the lowest interest rates.
If you are struggling to stay afloat while you wait for your settlement to finalize, contact Injury Wallet today.