Lawsuit Loan can provide clients with up to $1 million in legal funding in as little as 24 hours after your application is approved. That money can be used however you see fit and is simply paid back when you get your eventual settlement or compensation package.
Apply Now for FREE, with no charges or hidden fees. You can also call our office at (800) 000-0000 to speak with a team member about the lawsuit loan process.
In this way, you can think of an Alabama lawsuit loan as a form of cash advance on your settlement package. Here’s another significant bonus to getting a lawsuit loan over some other kind of lending practice: since lawsuit loans are non-recourse, you never pay us back out of your own personal bank account. We only get repaid out of your eventual compensation.
We’ll always provide you with the best possible interest rate for your situation.
We only charge simple interest, NOT compound interest like some other competitors.
Lawsuit loans, as well as other types of consumer loans, are regulated by the Alabama Consumer Credit Act “Mini Code.” Unlike some other states, Alabama sets limits on the amount of financing, charges, and other important aspects of lending. While this makes some companies turn away from providing Alabamians with lawsuit loans, Lawsuit Loan is dedicated to helping plaintiffs and abiding by all the state and federal loan regulations.
In short, lawsuit loans are completely legal in Alabama, but there are specific rules on how they must be provided. Additionally, the Superintendent of Banks in Alabama’s State Banking Department can set further regulations and is given leeway to interpret the rules. Lawsuit Loan is fully licensed to provide lending in the state and operates according to all applicable laws.
You can have the money you need in your bank account in as little as 24 hours after approval, so what are you waiting for? There’s no fee to fill out our online application! If you have questions or concerns about the lawsuit loan process in Alabama, call our office at (800) 000-0000 to speak with a friendly representative.
Fill out the form below for a free consultation and quote.
What is a Lawsuit Cash Advance?
A lawsuit cash advance can give you access to the money you expect to win from your settlement now when you need it most. You could wait months or years to receive money from your case. But if you’re like most people, you have bills that need to be paid now.
Legal funding carries many advantages over other types of financing, such as credit cards, a traditional personal loan, or even a second mortgage. However, it has some clear advantages that help to reduce your overall risk and allow you to take home more of your settlement.
What to Know When Shopping for Lawsuit Loans
If you find yourself in a lawsuit and need money, you may be thinking about taking out a lawsuit loan. Many bold advertisements will be sent to you encouraging you to get your hands on large settlements quickly. As inviting as these loans sound, be sure you take some precautionary steps to decide if this is the best course of action in your particular circumstance.
Do Lawsuit Loan Qualifications Differ by State?
Lawsuit loan qualifications are actually quite similar across states, but may differ somewhat by the provider you select. Reputable legal loan organizations will make the process quick and easy. Lawsuit Loan is focused on helping you meet your financial obligations during the lawsuit process.