Legal Loan

A legal loan is an investment made by a company servicing the law markets, to plaintiffs involved in personal injury suits. It’s important you don’t mistake a legal loan with a traditional lending tool offered by banks. While some banks may provide the funds to legal loan companies, this form of lending is much different. A legal loan is made on a “pay if you win basis”; if you win your suit, you repay the advance. If you are interested in receiving a legal loan, contact LawLeaf today.

There are essentially two types of legal loans. A legal loan can be secured on a pending suit or one that has already been won. While the vast majority of people borrow against their suit that is still in the process of a settlement, some will borrow against a case that has already been won. When a person is involved in a suit their finances can be greatly affected because some people miss work and forced to pay out-of-pocket for medical and other related expenses. These bills and expenses greatly in jeopardy and in some cases people will go into default. This can be problematic for those people that own a car or need money to pay for a mortgage or rent.  

Legal loans are offered to claimants in suits and in return the investor will take a lien on the future recovery. The contract which serves as the lien should state the plaintiff is liable to pay back the money only if they win compensation.

Ten things you should know about legal loans:

• They are offered against personal injury, worker compensation (depending upon the state) and wrongful death cases.
• They can only be available to people represented by an attorney.
• Capital is provided by banks, hedge funds, institutional funds and private investors.
• There are several different rate options depending upon the case (flat rate, compounded monthly, times factors, quarterly increase, bi-yearly increase)
• If you lose your case you don’t have to repay
• There are never credit checks
• There are never employment checks
• There are no minimums or maximums
• The defense is never notified you secured a legal loan
• If you are approved a company will not get involved with the outcome of the suit.

If you apply for a legal loan with LawLeaf you can use the money to help pay for living expenses while waiting for closure. We also make sure the process is 100% confidential. We never notify the insurance company or defense that you are applying for a legal loan with LawLeaf. A representative and underwriter will work directly with your attorney when obtaining documentation, asking questions and underwriting the application.

When you apply with LawLeaf we are always interested in streamlining the process assuring you a fast turnaround. We are in business of getting you approved in the shortest period of time. We understand that most of our clients have no other options available and an approval means piece of mind.

If you are interested in a legal loan, contact LawLeaf today. LawLeaf provides services throughout the United States: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia D.C.

Did you know?

LawLeaf is one of the most experienced and successful companies in the marketplace? We have secured as little as several hundred to millions of dollars on a single application. We are also experience in bringing together investors in sharing the costs of a single legal loan.  If you are interested in being represented by a leader in the marketplace, contact us today.

How do you qualify?

In order to qualify for a legal loan you must be the plaintiff in the suit and have legal representation. The process can take less than a day in some cases. Once you have decided to secure a legal loan against your case you can simply apply online. We handle both pre settlement and post settlement loans. We will determine if you qualify based upon the merits of your case. We will request documentation from your attorney that may include the complaint, accident reports, expert witness reports, settlement offers, settlement letters and medical documents.  After reviewing the documents we will determine whether you will qualify.