Are you considering filing a lawsuit in Florida but stressing over where to get the money to pay the legal costs? Aside from spending on your lawyer, you also have to think about filing fees, expert witnesses, and process serving expenses.
Don’t worry. Florida Lawsuit Loans can help you with your legal bills and more. Find out what lawsuit loans are and how our services can help you in challenging times.
What Is A Lawsuit Loan?
A lawsuit loan, “litigation finance,” or “legal funding,” is a type of funding arrangement that provides cash advances with respect to awards expected from legal settlements and lawsuit judgments.
So if you have a pending case in court, or if you plan to file a case, you can borrow money the funds you need from a funding company, like Florida Lawsuit Loans. Borrowers can pay back the loan once the funds from the settlement are disbursed with a charged interest.
What Are The Benefits Of A Lawsuit Loan?
Compared to a traditional debt where they can squeeze everything out of your pocket if you don’t pay them back, a lawsuit loan or legal funding is more beneficial because it’s:
When Do You Need A Lawsuit Loan?
Investopedia explained that lawsuit loans could be beneficial if you have a rightful claim but don’t have any room in your budget to go against your opponent in court.
For example, if you’re a victim of a personal injury, such as a car accident or a botched surgery, you might have to wait months or even years before you actually go to trial and receive a settlement.
In the meantime, you may be unable to work if you’re recovering from your injuries, which results in a loss of income. A lot of people get discouraged from filing a case because they don’t want to choose between feeding their families or pursuing litigation.
The good news is you don’t have to make that choice anymore. Cash from a lawsuit loan or advance funding can help provide for your needs while the case is awaiting settlement.
How Can You Apply For A Lawsuit Loan In Florida?
With three easy steps, you can get the funds that you need for your legal journey in Florida.
Step 1: Application
Do you want to know if a lawsuit loan is right for you? You can find out by filling out our confidential application form and providing the details of your case. Our consultation is free and we will advise you whether it can proceed or not.
We might ask for additional supporting documents, such as police reports, and medical files, so make sure that you have those ready too.
Step 2: Review
Upon submitting your application, our team of experts will review and decide whether to approve or deny it. Our funding decision would depend on certain factors, like the strength of your case, your legal representation, the duration that it can take in court, and the chances of reaching a favorable settlement.
Once we’ve determined that you’re qualified to receive financial assistance, we will send you the details of our agreement, along with the interest rate.
Step 3: Funding
After being notified that you’re eligible for a lawsuit loan, we’ll contact you about finalizing the contract terms. This process can take as quickly as 24 hours to a few days. If you agree with our proposed interest rate, we can send you the money immediately so you can spend it on your daily expenses.
How Can I Repay You?
If you win your case, you’ll pay us back from the proceeds of your settlement, based on the interest rate that was stated in our agreement. However, if you lose your case, you don’t have to repay us a dime of your money.
What Are Florida’s Legal Requirements For Lawsuit Loans?
Lawsuit loans are legal in Florida, and here are the legal requirements that you need to comply with to apply for one:
- You should be at least 18 years of age;
- You are the plaintiff (a person injured or wronged) in the lawsuit;
- You have legal representation.
Statutes Of Limitations
After you’ve checked your eligibility, you will also have to see if you can file your case based on Florida’s statutes of limitations. These serve as a timeline for plaintiffs to sue when an offense has been committed:
- Injury to Person: 4 years
- Libel Or Slander: 2 years
- Fraud: 4 years
- Injury to Personal Property: 4 years
- Professional Malpractice: 2 years
- Medical Malpractice: 2-4 years
- Trespass: 4 years
- Written Contracts: 5 years, 1 year for specific performance
- Oral Contracts: 4 years
- Domestic Judgments: 20 years
- Foreign Judgments: 5 years
We strongly advise for you to talk with your lawyer about these legal requirements for any clarifications.
What Are The Cases You Fund In Florida?
- Car Accidents
- Civil Rights Violations
- Commercial Litigation
- Employment Discrimination or Harassment
- Mass Tort
- Medical Malpractice
- Personal Injury Cases
- Product Liability
- Workers’ Compensation
- Whistleblower Cases
- Wrongful Death
Frequently Asked Questions
Where Can I Spend The Money?
When you received the funds from us, you don’t have to just spend it on your lawyer’s fees. You can use the money however way you want: for groceries, repairing your house, paying your debt, medical bills, and more.
How Can a Cash Advance Be Risk-Free?
A lawsuit loan is “risk-free” because it’s a non-recourse arrangement. This is the reason why if you lose your case, you don’t have to pay us anything back. We also won’t go after your properties as collateral. You’ll only repay the funds if you win a settlement.
Should I Hire A Lawyer in Florida?
We strongly recommend that you hire legal representation to help you navigate Florida’s legal system. We’ll also work closely with your lawyer to protect your best interests.
Apply For A Lawsuit Loan Now
With Florida Lawsuit Loans, you have a steadfast ally committed to tailoring financial solutions to your distinct circumstances.
Take charge of your legal battle with confidence and financial stability. Our services range from accident prevention to financial assistance.
We are proud to serve all of Florida, including West Palm Beach, Miami, Jacksonville, Orlando, and Tampa. For immediate assistance, please call us at (555) 111-1212 or fill out our secure online form.