Wisconsin Lawsuit Loan
The basics of a lawsuit loan in Wisconsin starts with the suit. When a person is involved in negotiations of a settlement or going through the litigation stages of a suit, they may opt to secure a lawsuit loan. By using the potential recovery of the suit as collateral an investor will pay money to the plaintiff by betting on the outcome. A lawsuit loan in Wisconsin can be beneficial to the plaintiff and investor. If the plaintiff is being forced into an early settlement because they are financially strapped they can borrow money in hopes of a larger settlement at a later date; and the investor will benefit by receiving a dividend when and if the case matures. The risk associated with this type of lending is on the shoulders of the investor. If the investor provides a lawsuit loan to a client and the case is lost, the investor loses the investment.
A Wisconsin lawsuit loan is much different than receiving a collateral loan from a bank:
- You don't need a bank account
- You can be unemployed
- You don’t have to use an asset as collateral such as a car or home
- Most people have bad credit or no credit
- If the case is lost you don’t have to repay the loan
- There are no constraints on how you use the money
- You can receive a lawsuit loan in Wisconsin the same day you apply
- All underwriting is based upon the merits of the case and not your current financial position
There are assortments of reasons why individuals apply for lawsuit loans in Wisconsin: money is used for medical expenses, food, mortgage & rent, car payments, vacations and investment opportunities. When an attorney advises their client against an early settlement oftentimes the client is still seeking medical treatment. The costs of ongoing treatments may still be unknown and without a clear indication of potential costs in the future, it can be hard to figure out the right number. If a person were to settle without considering these ongoing costs it could be a financial disaster for the claimant. Once you settle your case, you give up legal recourse for additional compensation not included in the settlement.
LawLeaf we understand the importance of lawsuit loans in Wisconsin because it gives the plaintiff needed cash without having to worry about settling for less.
LawLeaf provides lawsuit loans throughout Wisconsin for a variety of different injuries resulting from accidents:
If you are interested in a lawsuit loan in Wisconsin, begin by applying online with LawLeaf. LawLeaf provides services throughout the state of WI: Appleton, Ashland, Baldwin, Baraboo, Beloit, , Black River Falls, Brookfield, Burlington, Cedarburg, Chilton, Chippewa Falls, De Pere, Delafield, Delavan, Dodgeville, Eau Claire, Elkhorn, Elm Grove, Fond du Lac, Fort Atkinson, Germantown, Grafton, Green Bay, Hartford, Hartland, Hayward, Hudson, Janesville, Jefferson, Kaukauna, Kenosha, La Crosse, Lake Geneva, Lancaster, Madison, Manitowoc, Marinette, Marshfield, Menasha, Menomonee Falls, Menomonie, Merrill, Milwaukee, Monroe, Neenah, New Berlin, New Richmond, Oconomowoc, Oshkosh, Pewaukee, Platteville, Port Washington, Portage, Racine, Rhinelander, Rice Lake, River Falls, Salem, Shawano, Sheboygan, Sparta, Stevens Point, Sturgeon Bay, Sun Prairie, Superior, Thiensville, Watertown, Waukesha, Waupun, Wausau, Wautoma, West Bend, Whitewater and Wisconsin Rapids.