What are the requirements to apply for a Lawsuit Loan?We have provided a list of information we require to assist you in finding the right lawsuit loan lender.
The lenders with whom we associate may need to contact you for additional information. However, in most instances, your attorney will provide the needed information.
To get started (i.e., your application cannot be processed without this information), you’ll need to provide the following:
•Plaintiff’s (i.e., the individual who filed the lawsuit) Name
•Plaintiff’s Address (include street address, city, state, and zip code)
•Plaintiff’s Contact Numbers (you must provide a telephone number)
•Plaintiff’s E-mail Address
•Attorney’s Full Name (ensure that you spell the last name correctly)
•Attorney’s Firm Name (if you need to, research this on the Internet)
•Attorney’s Firm Address (include street address, city, state, and zip code)
•Attorney’s Contact Numbers (you must provide the attorney’s fax number)
•Date of Incident, Accident or Injury (be as accurate as possible)
•Detailed Description of the Incident (do not leave this blank)
•Detailed Description of Injuries, Losses or Damages (if you’re uncertain, discuss this with your attorney – this is crucial)
•Requested Loan Amount (if the lender determines that your case is worth more than the requested amount reflects, you will be offered a greater amount)
Plaintiff’s Full Name
The lender must know who will be responsible for repaying the loan if the case is resolved in the plaintiff’s favor. (Remember, if you lose, you pay nothing.)
Plaintiff’s Address
You must include your street address, city, state, and zip code. You may also wish to identify why, if applicable, why your attorney is located in a state other than that in which you reside.
Plaintiff’s Contact Numbers
If you fail to provide a telephone number, your application is dead-in-the-water. The lender will not commence prior to contacting you.
Plaintiff’s E-mail Address
Provide an email address that you may check frequently to enable you to monitor the progress of your lawsuit loan.
Attorney’s Full Name
Rest assured, your attorney will be contacted. Simply stated, no attorney, no lawsuit loan. (One of the most frequent questions we receive is, “May I obtain a loan without an attorney?”)
Attorney’s Firm Name
Research this on the Internet if you have to. Spell it correctly!
Attorney’s Firm Address
You must include the attorney’s street address, city, state, and zip code. Once again, you may also wish to identify why, if applicable, why your attorney is located in a state other than that in which you reside.
Attorney’s Contact Numbers
Remember, you must provide your attorney’s fax number. No fax number, no lawsuit loan!
Date of Incident, Accident or Injury
Be as accurate as possible. Documentation must be consistent with respect to this issue. You may be confident in knowing that the defendant, the party against whom this claim is made, will not pay for injuries sustained on a date other than that for which the defendant is potentially liable.
Detailed Description of the Incident
This section is frequently left blank on applications. It’s like asking the lender to fund a pig-in-a-poke. It ain’t going to happen! Tell the lender how you sustained the loss/injury, in detail.
Detailed Description of Injuries, Losses or Damages
It’s a fool’s-errand to think that the lender will speculate as to this issue. Don’t be shy! Tell the lender what it is that serves as the basis for your claim.
Requested Loan Amount
It is axiomatic that you can only receive up to 10% of what your lawsuit is actually worth. This is one of the real strengths of a lawsuit loan lender. Their vast experience in reviewing cases enables them to quickly analyze, with your attorney’s assistance, the value of your claim, as well as the likelihood of success. Of course, there are no guarantees!
How do you get started in applying for a lawsuit loan?
Reputable lenders and brokers will most frequently permit you to complete a simple, one-page application online. If you provide the foregoing information, all of which should be obtained via the online application, you should find smooth-sailing in obtaining your lawsuit loan.
Legal Settlement Loans is the premier settlement lawsuit loan educational resource. We provide all the needed information to someone looking to get a lawsuit loan during their pending lawsuit.
Visit us today to educate yourself further on settlement loans. Find out if you can meet the requirements for a lawsuit loan. Lawsuit loan requirements!
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