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America Lawsuit Loans has been serving clients awaiting their settlements for over ten years. Based in Fort Lauderdale, they offer litigation funding and are a popular option for plaintiffs who are looking for pre- and post-settlement cash advances. Could they be the right partner for you as you fight for your full settlement?
We want to give our prospective clients a view of all their legal funding options by investigating web reviews. We feel like they have much to offer and could well serve those prospects who decide to work with them instead of us. Find out if America Lawsuit Loans is the right partner for your legal funding needs.
How Does America Lawsuit Loan’s Lending Process Work?
America Lawsuit Loans has a relatively simple application process that can take just a few minutes to complete. If you’ve been in an accident and need money from your settlement fast, or if you’ve already begun the litigation process and can foresee a lengthy legal battle, America Lawsuit Loans makes it easy for you to get the cash you need now.
Here’s what you can expect if you apply for a pre-settlement cash advance from them:
- Once you’re approved, you could have your money within 24 hours
- You can use your money to pay for anything you want without restrictions
- Once you receive your compensation package from your settlement, your lawyer will send a portion of it to America Lawsuit Loans as repayment
America Lawsuit Loans offers pre-settlement cash advances for a wide variety of cases, including personal injury claims, labor law and employment disputes, commercial litigation, and more. If you’re waiting on a settlement, it’s likely that America Lawsuit Loans will be able to help you.
Advantages of America Lawsuit Loans
America Lawsuit Loans has several advantages in its favor that make it a company that plaintiffs want to work with. These help to make pre-settlement cash advances preferable to other forms of funding, such as a credit card or personal loan, for those who need money while waiting for their settlement. See if that makes America Lawsuit Loans the right partner for you.
They Offer Non-Recourse Funding
America Lawsuit Loans offers non-recourse funding, which means you won’t have to pay anything back that you receive if you lose your case. The IRS considers pre-settlement cash advances a form of investment and exempt from traditional rules mandating repayment from your personal assets.
If you decide to cover your expenses and any lost income with another form of financing, you’ll still have to repay it, even if you lose your settlement case.
Many Different Types of Cases Are Covered
Finding the right legal funding company can be a challenge since so many tend to focus on one type of case. America Lawsuit Loans covers a wide variety of cases, including personal injuries, car accidents, defective medical device cases, and employment and labor disputes.
With over a decade of experience in the industry, they also have the expertise to set expectations for your case and how much you might obtain from it.
Nationwide Coverage
Some lawsuit funding companies only service certain states, which makes it difficult for plaintiffs who are outside of their area of service to obtain lawsuit funding. That’s because each state has their own rules regarding legal funding, and legal funding companies tend to avoid the same states due to the additional challenges they’ll face by doing business there.
With the nationwide coverage offered by America Lawsuit Loans, you can get access to non-recourse legal funding wherever you live.
Disadvantages of America Lawsuit Loans
While America Lawsuit Loans offers many advantages, it does have its share of drawbacks. It’s important to evaluate everything that a legal funding company has to offer before making a commitment. You could find that you take on more responsibility or financial obligations than expected if you choose the wrong legal funding company.
Few Online Web Reviews
Unlike some other legal funding companies, America Lawsuit Loans has few online web reviews. Trustpilot, a website on which lawsuit funding companies are commonly reviewed, only has a single five-star review of America Lawsuit Loans.
While the lack of reviews doesn’t mean that customers are receiving poor service, it does make it difficult to evaluate the service you’ll receive from them and what kinds of challenges arise during the legal funding process.
Lack of Membership to Industry Organizations
While America Lawsuit Loans enjoys a strong reputation within the legal funding industry, it has yet to join industry groups that are dedicated to promoting ethical and business best practices.
As the legal funding industry is largely unregulated, industry groups such as the American Legal Finance Association (ALFA) take on an added importance. However, even though America Lawsuit Loans hasn’t yet joined one of these groups, they can still abide by their recommendations.
Opaque Pricing
Unfortunately, America Lawsuit Loans doesn’t give much information about their pricing. This is common in the lawsuit funding industry, where terms are typically made specifically for a plaintiff and aren’t necessarily transferable to another case. This means your offer from America Lawsuit Loans could be vastly different from what you could receive from another company.
Sign Up For Legal Funding Today
If you’re in need of legal funding ahead of your settlement, work with High Rise Financial today. We offer nationwide coverage and offer non-recourse legal funding for a wide variety of cases. If you’re waiting on a settlement, it’s likely that you qualify for pre-settlement legal funding with us.
With High Rise FInancial, you can receive up to $1 million in funding within 24 hours of your application’s approval. It takes just a few minutes to apply and most people who are waiting on a settlement are already pre-qualified. Apply today to get the money you need to fight for your full settlement!