Plaintiffs involved in common lawsuits such as auto accidents and medical malpractice typically don’t have the financial means to make ends meet while they wait for a settlement or a winning verdict. Many injured victims get a cash advance on a lawsuit because everyday bills don’t care that you’re out of work due to an accident. Men and women involved in these claims often have children or others who depend on them financially, which makes matters more complicated.
Legal Capital Corp offers modest cash advances on lawsuits in Chicago and nationwide, and most plaintiffs come to us with questions, including:
What Types of Lawsuits Qualify for a Cash Advance?
There is a wide range of lawsuits eligible for a cash advance or “pre-settlement funding,” which mostly centers around personal injury claims, such as:
- Auto accidents
- Premises liability such as slip, trip, and fall accidents
- Nursing home abuse and neglect
- Construction site incidents
- Elevator accidents
- Product liability
- Medical malpractice
- Legal malpractice
- False arrest
- Dog bites
- Wrongful death
If you don’t see your type of lawsuit listed above, you may still be able to qualify for a cash advance on your settlement. Make sure you speak with your attorney before pursuing pre-settlement funding to ensure a speedy process and avoid choosing a company with hidden fees and compounding interest rates.
How Much of a Cash Advance Can I Get for a Lawsuit?
The amount of your cash advance for a personal injury lawsuit varies but is based on the estimated worth of your case. Pre-settlement funding is often limited to 15-20 percent of that estimation. That limitation is there to protect you as you don’t want to borrow more than your lawsuit is worth, and you also don’t want to overshoot the amount without considering medical costs, legal expenses, and the contingency fee for your injury lawyer.
The goal of a lawsuit cash advance is to provide a modest loan amount that will help you get through your day to day without going into debt or losing your home. These advances offer financial security in a time when many individuals and families are struggling to see the end of their physical and legal battles.
What If I Lose My Lawsuit After a Cash Advance?
While this varies depending on the company that provides your cash advance, Legal Capital Corp assumes all the risks when we provide pre-settlement funding to injured plaintiffs. If you lose your lawsuit, you don’t pay back your cash advance.
Legal Capital Corp has helped countless people make ends meet in our nearly 20 years of business. We pride ourselves on offering no-interest cash advances with low, capped fees because we understand the hardships injured victims face through the long, arduous claims process.
Contact Legal Capital Corp in Chicago
If you’re interested in a cash advance on your lawsuit, fill out our free online application today or contact us in Chicago at (312) 204-7939 with questions. We provide pre-settlement funding in Chicago, Illinois, and nationwide.