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3 Best Lawsuit Loan Companies In Kentucky

Searching for a reliable and top legal funding company in Kentucky? We’ve compiled a list of 3 top-rated lawsuit loan companies that operate in the state of KY.

Kentucky Lawsuit Loans [hide]

1. Capital Now Funding 

9300 Shelbyville Rd Suite 401, Louisville, KY 40222 / Website / Application Form / Google Reviews

Capital Now Funding

Capital Now Funding offers nationwide pre-settlement legal funding, also known as nonrecourse civil litigation advance funding. Repayment of funds advanced by Capital Now Funding is contingent upon the settlement of your case or a favorable judgment, with no absolute obligation otherwise. 

They have created a positive online reputation with 4.8 stars on Google.

FEATURED REVIEW

They do a wonderful job and an even more excellent services and customer service…

“…I highly recommend them to anyone.”

–Victor Williams via Google


2. Hope Capital

460 Allen Dr, Salyersville, KY 41465 / Website / Application Form / Facebook Reviews

hope capital

A proceeding to trial can take months or even years. Meanwhile, your injuries will necessitate ongoing medical care, potentially forcing you to take time off work, leading to significant financial strain.

Hope Capital can help you when you need financial assistance fast. No credit check, employment verification, or loan application is required to apply for Hope Capital funding.

FEATURED REVIEW

“Hope Capital is probably the most personable, helpful and genuinely caring company I have ever had the pleasure of doing business with.”

–Sarah Young via Facebook


3. Barrister Capital

225 S Hurstbourne Pkwy # 105, Louisville, KY 40222 / Website / Application Form / Google Reviews

barrister capital

Barrister Capital’s pre-settlement funding enables you to utilize the funds received to regain stability, with repayment only due upon the settlement of your case.

They provide a straightforward application process for pre-settlement funding, making the legal funding process quick and easy.

They value client relationships by providing honesty and transparency. They have many positive online reviews and a favorable reputation.

FEATURED REVIEW

They were courteous kind and helped me out quickly two different times.

“They got to the point they contacted my lawyer quickly and got back with me quickly and the process was very easy. Hoping they can help me one more time this year!”

–Chameleon Grant via Google


How Do Lawsuit Loans Work?

Lawsuit loans work similarly to traditional loans—with one key difference. A typical loan is what is known as a recourse loan.

If you default on a recourse loan, your lender can recoup their expenses by seizing any assets you have. 

The same is not true when it comes to lawsuit loans. Lawsuit loans are a type of non-recourse loan.

When you default on a non-recourse loan, your lender can only seek repayment through whatever specific collateral you put up to secure the loan.

With lawsuit loans, the collateral is your eventual settlement or jury award. Thus, if you lose in court or don’t settle out of court, you don’t have to repay your lender a single penny. 


Lawsuit Funding in Kentucky: State Laws To Keep In Mind

Before you take out a Kentucky pre-settlement loan, there are a few Kentucky laws you should keep in mind.

Notably, you should know about Kentucky’s statutes of limitations and liability rules.

These rules, generally concern your claim. However, whatever affects your claim is important to your lawsuit loan.

Kentucky’s Statutes of Limitations

Statutes of limitations are laws that limit the amount of time that a party can take legal action on a certain issue.

If you fail to initiate a lawsuit before the statute of limitations runs, that’s it; the courts will likely reject your claim outright.

The most important statutes of limitations to keep in mind regarding your civil claim are the limitations on property damage and personal injury.

Kentucky’s statute of limitations on property damage is two years from the date on which the property was damaged. For personal injury damages, you have just one year from the date of the injury to file a lawsuit.

It is very important to keep both of these limitation periods in mind if you file a claim involving both personal injury and property damage.

If you forget about the difference, you may end up having only a valid property damage claim.

While these are the two most common statutes of limitations that relate to civil claims, there are others. Always ask your attorney about statutes of limitations to ensure that you don’t let one pass you by.

There are also some exceptions to each of these rules, so make sure you talk to your attorney about those too.

Kentucky Liability Rules

Kentucky’s liability rules will have a huge impact on the outcome of your claim, so it helps to familiarize yourself with them.

Generally, to successfully hold someone liable for their negligence in Kentucky, you need to establish four elements:

  1. The existence of a duty of care between yourself and the defendant,
  2. A breach of that duty of care on the part of the defendant,
  3. You suffer real damages, and
  4. There is a compelling causal link between the breach of duty and the subsequent damages.

Without these four elements, you won’t have much of a negligence claim.

Liability for car accidents does not require a showing of negligence in the way we outlined above. Instead, courts look at each party’s degree of fault to determine liability.

Kentucky uses what is known as a pure comparative negligence system to assess fault in car accidents. In this system, each party is assigned a percentage of the blame.

The percentage of blame you receive corresponds to a reduction in the amount of damages you can recover. 


Injury Wallet Can Help You Find The Best Lawsuit Loan Company in Kentucky For You and Your Case

Not all lawsuit loans are created equal, and not all lawsuit lenders are created equal. Every Kentucky lawsuit lender has its unique internal processes.

Because pre-settlement funding is a loan at the end of the day, it helps to shop around for the best deal. Interest rates and fees can vary wildly between different lenders.

However, shopping for a loan is difficult and time-consuming. You have to submit multiple applications to different lenders, wait for their responses, and then read through their loan agreements.

After shopping a few hours for legal funding companies, you may want to give up.

Instead of going it alone, let Injury Wallet help find you the best cash advance in Kentucky for your specific needs. All you have to do is fill out one simple application.

Then, we do the rest. We submit your application to dozens of the best lawsuit loan companies and come back to you with the best rate available—and you get to keep more of your settlement.

Don’t delay financial stability. Instead, get started with Injury Wallet today!

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