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Pre Settlement Funding in New York
Do you have a pending personal injury lawsuit in the state of New York? Personal injury lawsuits can take many months to settle, leaving you without money to pay medical bills, your mortgage, car payments, groceries, and other living expenses.
New York Lawsuit Cash Advance
Alliance Claim Funding can provide you with a lawsuit cash advance. Sometimes referred to as a lawsuit loan, this “loan” is actually an advance against your eventual lawsuit settlement. A Cash Advance is quite different from a loan. Because a cash advance is considered non-recourse it means that if you lose your case, the money is yours to keep with no strings attached. We only collect if you win your case or obtain a settlement.
Lawsuit Funding in New York
We Provide Lawsuit Funding In 39 States
We make reliable lawsuit funding solutions for plaintiffs that address your urgent financial needs.
- There are No employment or credit checks required
The lawsuit advance is based only on your lawsuit.
- You will not have monthly payments
While you wait for your settlement.
- No out of pocket expenses
All fees are recovered in your settlement.
If you don’t find your answer, feel free to give us a call 888-732-3389
New York lawsuit loans are a way for individuals to receive financial assistance during lawsuit proceedings. Through lawsuit loans, an individual can access a pre-settlement lawsuit loan prior to the resolution of their lawsuit, providing them with much-needed financial stability until the resolution is achieved. Whether an individual is defending against a lawsuit or representing themselves in a lawsuit, they may be able to take advantage of lawsuit loans in order to have funds with which to pay bills and other expenses while waiting for compensation from the lawsuit. The rates associated with lawsuit loans depend on a variety of factors such as the length of time the case will take to resolve or the amount being requested. By taking out lawsuit loans in New York, individuals can give themselves financial security and peace of mind during their lawsuit proceedings.
If you decide to apply for a lawsuit loan, the first step is to submit an application with some basic information about your case. Once your application is approved, the funding company will send you an offer letter outlining the terms of the loan. If you accept the offer, you will sign a contract and receive the money in as little as 24 hours.
The amount of money you can borrow depends on many factors, including the strength of your case, the amount of insurance coverage available, and the expected value of your settlement or verdict. Most companies that offer lawsuit loans will advance you up to 10% of your expected recovery.
You do not have to repay the loan if you lose your case. However, if you win or settle your case, you will be required to repay the loan plus interest and fees out of your settlement proceeds. The average interest rate on a lawsuit loan is between 10% and 20%.
When lawsuit plaintiffs need immediate funds, a lawsuit pre-settlement funding can be an advantageous solution for them. By applying for lawsuit pre-settlement funding in New York, applicants are free of the burden of having to wait years for their lawsuits to settle before they receive payments. With lawsuit pre-settlement funding in New York, eligible lawsuit plaintiffs will receive swift donations that better enable them to take care of their pressing financial needs until the lawsuit is eventually resolved. Moreover, lawsuit pre-settlement funding applicants will not solely rely on the lawsuit settlement outcome to be able to make ends meet; they will now find ways to secure necessary funds despite still waiting on their share of the lawsuit settlement.
If you decide that a New York lawsuit loan is not right for you, there are other ways to pay for your legal costs. You may be able to get help from family and friends or take out a personal loan from a bank or credit union. You can also use credit cards or dip into your savings account. Each option has its own pros and cons, so it is important to weigh all of your options before making a decision.