Victims of somebody else’s negligence can file legal action to get proper compensation. The settlement reward helps them recover from financial loss while they recuperate. However, not everyone has the finances to pay legal fees and other expenses. Hence, the lawsuit loans.
It’s financial aid for plaintiffs with ongoing personal injury lawsuits. This is where America Lawsuit Loans come in. They offer legal funding to help people suffering from injuries to get hold of money to cover expenses and fees while waiting for their settlement award.
Is it a reputable business? This review will help you decide if America Lawsuit Loans is the right option to get financial help from. Find out more below.
What is America Lawsuit Loans?
America Lawsuit Loans is a legal financing firm based in Fort Lauderdale, Florida. They claim to be a leading provider in the country with the lost interest rate for pre-settlement and post-settlement cash advances.
Like us, they have a daily easy application process. Plaintiffs must fill out the form, submit it, and wait for the firm to contact them and notify them of their approved loan. The process won’t take more than 24 hours. The cases include personal injury cases, car accidents, labor lawsuits, commercial cases, attorney funding, and more.
To apply for free, call (877) 735-0016
Upsides of America Lawsuit Loans Fund
There are several advantages to getting legal funding from lenders such as the America Lawsuit Loans. Some of them are the following:
No monthly payment
Legal funding isn’t like a traditional loan with monthly repayment options. You only have to pay when you receive your settlement award.
You are not obligated to pay for the cash advance if the case isn’t settled in your favor. The IRS sees pre-settlement loans as a form of investment. Therefore, it is exempted from the standard rules in repayment. Like us, the firm can’t take your personal assets other than the agreed-upon amount or force you to pay for the loan if you lose the case.
Lenders work with the attorney for the repayment process
It’s less hassle on your part as the firm contact your attorney when the case is settled and won.
Downsides of America Lawsuit Loans Fund
We want to show you both sides of the coin. We have some reservations about a few things about the firm. Therefore you must evaluate all the aspects of a legal funding company before signing any contracts.
Not transparent with the pricing
One of the significant downsides is the opaque pricing and interest rates. If you don’t read the fine print carefully, you’ll use a chunk of your money to pay for the cash advance. This is not uncommon in the financing industry.
Not a member of industry groups
We’re more comfortable suggesting a firm that is a member of trade associations such as the American Legal Finance Association (ALFA). Legal funding is still unregulated. So, it helps to know that the firm follows the code of conduct of reputable industry groups for protection.
Very few online reviews
The firm doesn’t have many reviews online. There are testimonials, but they’re usually on their website. Their Trustpilot profile only has a single five-star review and an adjusted rating of 3.7 or 5.0. This isn’t enough to gauge how the firm provides its services to clients.
Our Verdict on America Lawsuit Fund
We think that America Lawsuit Fund is a generally reputable firm based on the research collected. Still, you need to ask your legal representative if you have questions. It’s also wise to read the fine print and ask for transparency.
While we know that time is of the essence and that you need the funding as soon as it’s available, it’s still important to do your research. Do a calculation first and talk with the attorney if the deal is fair or not. Ask about their interest rate, the repayment method, the charges, and other things.
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Apply for Legal Funding Today
Legal funding is an excellent option for those needing financial assistance. Many lose their primary source of income due to injuries. Others require long-term medical care.
Unfortunately, many insurance companies stretch out personal injury cases. This puts plaintiffs in a financial bind. They are then forced to accept lowball compensation. A pre-settlement loan will help you get by while waiting for the settlement award. It keeps you focused on what truly matters, winning the case, instead of thinking about the money and expenses.
High Rise offers a non-recourse loan for plaintiffs nationwide. Depending on your case, we offer up to $1 million in funding within 24 hours of the application’s approval. The process is easy and hassle-free too. Apply with us today! We understand your predicament, and we want to help.