It’s common for the at-fault party in a lawsuit to stall proceedings so that the claimant gets desperate enough to settle for a lowball offer. While your Rhode Island litigation goes through the long, drawn-out process of settling or going to court, your bills continue to pile up. Lawsuit loans can help you pay for today’s costs while you wait for tomorrow’s compensation.
If you need cash now to cover your expenses while your case resolves, fill out the online form on our Apply Now page for free. Lawsuit Loan is able to provide Rhode Island lawsuit loans of up to $1 million to clients in need. If you have any questions about the legal funding process, repayment, or other issues related to your application, call our office at (800) 000-0000.
It’s legal to enter into a legal funding arrangement in Rhode Island. However, in 2015, legislators found that many companies were providing lawsuit loans at rates that would have been unacceptable for other forms of lending. To help protect consumers, the state enacted House Bill 5762, which officially includes lawsuit loans under anti-usury laws. Lawsuit Loan provides litigation funding in a wide variety of states, and we adhere to all industry best practices. That includes:
Charging only simple interest rather than compound interest
Providing non-recourse loans exclusively
Never holding you personally liable for any loan-related debt
Requiring NO REPAYMENT at all if you lose your lawsuit
Slip and fall accidents (premises liability)
Car accidents and other personal injury matters
Defective product cases
Business disputes (such as intellectual property lawsuits)
Medical malpractice claims
Employment or labor law violations
One of the most common questions people ask is how much money they can expect, and what determines that amount. Our underwriters look at the details of your Rhode Island lawsuit when estimating how much funding we can provide. Factors that have an impact on the amount of pre-settlement funding we can approve in your case include the expected duration of your lawsuit, how much you expect to receive as compensation, your total damages, and any issues related to fault or liability that may reduce the amount of compensation you receive.
Since our funding is non-recourse, you never have to worry about repaying a lawsuit loan from your personal bank account. Instead, the agreed-upon repayment amount is taken directly from your eventual settlement or jury award, and you keep the rest! Your attorney will receive a check for your compensation package and will write Lawsuit Loan a repayment check out of that amount. There are no monthly fees to worry about, no risk of default, and no need to repay us at all if you end up losing your claim. That’s why we say our Rhode Island lawsuit loans are risk-free for you.
Ready to experience freedom from financial pressure? Apply for a Rhode Island lawsuit loan today so that your attorney can continue to fight for the compensation package you truly deserve. Call the Lawsuit Loan office at (800) 000-0000 if you’d like to speak with a member of our team about the lending process or if you need assistance with your application.
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.