Personal Injury Loans: Cases We Fund

While finding the best pre-settlement loan company can be challenging, the process to get approved is actually quite simple. Working together with your attorney, the process from start to finish can take less than 24 hours in some cases.

The first step is applying for the lawsuit cash advance. You can typically do this through most loan company’s website. This streamlines the process and allows funding to work faster. Like all steps, this should be done with your attorney. You may need to provide a few specific details about your case that your lawyer may know more about.

In many cases, you can actually be pre-approved for a pre-settlement loan. There are certain qualifications that applicants must meet, but it’s a quick and easy approval process.

After your lawsuit loan is approved, the pressure is off you. The funding company will work directly with your attorney to finalize the financial details. At Provident Lawsuit Loans, we will determine how much money we can advance, and give you and your attorney a contract to sign.
If the contract is suitable, we can get you your funding quickly. In some cases, it can be delivered the same day through a variety of delivery options. We understand that many financial issues are time-sensitive, so we make the process as quick and easy as possible.

Are you concerned that your case will not meet our criteria? Qualifying for a personal injury funding is not as difficult as you might think. All you need to qualify is the following the three elements:

You’ve hired a personal injury attorney on a contingency basis. We require that you have hired an attorney on a contingency fee basis to pursue your injury claim. We work closely with your attorney and they pay us back if your case is successful.

You have a physical injury claim against an insurance company or self-insured entity. Your claim must be against some financially responsible entity that has the ability to pay for your damages.

You’re over the age of 18. This is a simple one. We can only give personal injury loans to legal adults.
If all of the above statements are true, then you pre-qualify for legal funding.

Apply online or give us a call at (800) 908-6860 to get approved today.

Determining the amount of your lawsuit advance is simple. We typically advance 5% – 15% of the total value of your claim. We can assess the value of your claim within minutes of speaking with your attorney.

To evaluate your personal injury claim, we will work closely with your attorney to look at liability, coverage, and damages.

Liability. To understand whether your claim will be successful, we consider liability. We want to know who is responsible for your injuries, and understand the story behind your accident.

Coverage. Liability or personal injury coverage is typically the maximum value we can assume for your case. Most commercial policies have substantial coverage. For auto accidents, most states have minimum policy limits. If policy limits are unknown, we can usually assume that there is at least state minimum insurance coverage.

Damages. One of the first thing we asses is the damages. Major injuries typically imply a higher value than soft tissue injuries. Unlike most personal injury funding companies, we can provide funding on soft tissue injuries.

Once we have calculated the value of your case, we can typically offer up to 15% of your case value as an advance.

The cost of a personal injury loan varies from company to company. The way to ensure you get a good rate is to shop around. Don’t let any company or person tell you that you shouldn’t get offers from a few different funding companies.

Here at Provident, our rates vary from case to case; however, they’re nearly always non-compounding, unlike many of our competitors. This means you are only paying interest based on the principle, keeping the cost low. With a compounding rate, your monthly interest is based off the new amount owed that month (including interest), resulting in hundreds or even thousands of extra dollars over time.

Best of all, our pre-settlement funding only costs you if you win your case. Should you lose, you don’t owe us a penny for the funds we provided.

For more specific information on available interest rates, give us a call. We can provide you with a locked-in rate quote within minutes.

We believe that everyone should have access to justice. By applying for a personal injury settlement loan from Provident Lawsuit Loans, you get cash upfront and — just like contingency representation by your attorney — we only get paid back if you win.

We offer fast and affordable funding to plaintiffs nationwide. Call us today at (800) 908-6860 or apply online.