Are you struggling with mounting bills while waiting for your lawsuit to settle in Minnesota? Provident Lawsuit Loans is here to help. We offer fast and risk-free pre-settlement funding in Minnesota for victims of personal injury lawsuits looking for immediate financial relief.
We offer some of the industry’s lowest interest rates; if you lose your case you don’t have to pay back your loan.
We offer pre-settlement funding from $500 to $500,000 to plaintiffs across the North Star State.
Don’t let financial stress force you into accepting a lowball settlement offer! Apply now or call our Minneapolis customer service line at (800) 908-6860 to get the cash you need in as little as 24 hours.
Understanding Lawsuit Loans in Minnesota
A lawsuit loan, also known as pre-settlement funding or legal funding, provides plaintiffs with a cash advance on their anticipated settlement.
This financial lifeline can help you cover expenses while your case is pending, giving you the breathing room to fight for the full compensation you deserve. We can offer a good chunk of your future settlement as an instant cash-advance today, if your case qualifies!
Why Choose Provident for Your Minnesota Lawsuit Loan?
- Fast approval process – often within 24 hours
- No credit checks or employment verification required
- Risk-free, non-recourse funding – you only repay if you win
- Low, simple interest rates – no compound interest
- Flexibility to use funds however you need
- Experienced team with deep understanding of Minnesota laws
- Excellent customer reviews and testimonials
Don’t just take our word for it – our countless positive reviews and testimonials speak volumes about our commitment to client satisfaction.
Types of Cases We Fund in Minnesota
Provident offers lawsuit loans for a wide range of personal injury and civil cases in Minnesota, including:
- Car accidents
- Truck accidents
- Motorcycle crashes
- Pedestrian accidents
- Bicycle collisions
- Slip and fall incidents
- Dog bites
- Medical malpractice
- Nursing home abuse
- Workplace injuries
- Defective products
- Premises liability
- Wrongful death
- Civil rights violations
While auto accidents make up a significant portion of our funding, we also provide loans for less common personal injury cases. For example, we’ve helped plaintiffs involved in boating accidents on Minnesota’s many lakes, victims of negligent security at the Mall of America, and individuals injured by defective farm equipment.
Common Injuries in Funded Cases
Personal injury loans often involve cases with serious injuries such as:
- Traumatic brain injuries
- Spinal cord damage
- Broken bones
- Severe burns
- Amputations
- Internal organ damage
- Soft tissue injuries
- Psychological trauma
Beyond Personal Injury: Other Fundable Cases
In addition to personal injury claims, Provident also offers legal funding for:
- Employment discrimination lawsuits
- Whistleblower cases
- Qui tam actions
- Contract disputes
- Intellectual property litigation
No matter your case type, if you have a valid claim and an attorney, you may qualify for a lawsuit loan in Minnesota.
Common Question: Pre-Settlement Funding & Lawsuit Advances – What Are They?
How Much Can You Borrow?
Provident offers lawsuit loans ranging from $500 to $500,000, depending on the strength and value of your case. Generally, we can advance up to 15% of your expected settlement amount.
Our experienced underwriters will work closely with your attorney to determine the appropriate funding amount for your situation. We are fully licensed to do business in Minnesota and have an established footprint and many happy clients in the state.
The Lawsuit Loan Process in Minnesota
- Apply online or call (800) 908-6860
- We review your case (usually within 24 hours)
- If approved, you receive funds via your preferred method
- Focus on your case while meeting your financial needs
- Repay the advance only if you win your settlement
Using Your Lawsuit Loan Funds
One of the key benefits of a lawsuit loan is the flexibility it offers. You can use the funds for any purpose, including:
- Paying rent or mortgage
- Covering medical bills
- Purchasing groceries and necessities
- Repairing damaged property
- Replacing lost wages
- Supporting your family
- Investing in your case (e.g., expert witnesses)
Don’t let financial pressure dictate the outcome of your case. With a lawsuit loan, you can maintain your quality of life while pursuing justice.
The Safety of Lawsuit Loans in Minnesota
Lawsuit loans from reputable lenders like Provident are designed to protect plaintiffs. As non-recourse funding, you’re not personally liable for repayment. If you don’t win your case, you owe nothing. This risk-free nature sets lawsuit loans apart from traditional borrowing options.
Paying Back Your Lawsuit Loan
Repayment is straightforward with Provident. If you win your case, your attorney will repay the loan directly from your settlement funds. There are no monthly payments to worry about, and you’ll never owe more than your settlement amount. Remember, if you don’t win, you don’t pay.
Finding a Trustworthy Lawsuit Loan Company
- When seeking a lawsuit loan in Minnesota, consider these factors:
- Transparency in rates and terms
- No hidden fees or compound interest
- Direct funder (not a broker)
- Experience with Minnesota cases
- Positive client reviews and testimonials
- Quick approval and funding process
- Clear communication throughout
Provident Lawsuit Loans checks all these boxes, making us a top choice for Minnesota plaintiffs.
Cities We Serve in Minnesota
Provident offers lawsuit loans throughout Minnesota, including:
- Minneapolis
- St. Paul
- Rochester
- Duluth
- Bloomington
- Brooklyn Park
- Plymouth
- St. Cloud
- Woodbury
- Eagan
- Maple Grove
- Eden Prairie
Pros and Cons of Lawsuit Loans
While lawsuit loans can be incredibly helpful, it’s important to consider both sides:
Pros:
- Immediate financial relief
- No risk if you lose your case
- Ability to negotiate for a better settlement
- Flexibility in fund usage
- No credit checks required
Cons:
- Can be expensive if case takes long to settle
- Reduces overall settlement amount
- Not regulated in all states
Despite the potential drawbacks, many plaintiffs find that the benefits of lawsuit loans outweigh the costs, especially when facing financial hardship.
Don’t Let Financial Stress Compromise Your Case
Are you a victim of someone else’s negligence in Minnesota? Don’t let mounting bills force you into a hasty settlement. Provident Lawsuit Loans can provide the financial support you need to see your case through to a fair resolution.
With our fast approval process, competitive rates, and commitment to plaintiff success, we’re the trusted choice for lawsuit loans in Minnesota. Our team understands the unique challenges you’re facing and is ready to help.
Take the first step towards financial stability today. Apply online now or call our Minneapolis customer service line at (800) 908-6860 to discuss your options. Remember, our loans are risk-free – you only pay if you win. Let Provident Lawsuit Loans be your partner in pursuing justice and securing the compensation you deserve.
Frequently Asked Questions
Provident typically reviews and approves applications within 24 hours. Once approved, you can receive funds almost immediately through various payment methods, including direct deposit, wire transfer, or MoneyGram.
While Minnesota doesn’t have specific laws regulating lawsuit loans, they are generally treated as non-recourse transactions. This means you’re not personally liable for repayment, and the funding is only repaid from your settlement if you win your case.
Yes, Provident offers funding for workers’ compensation cases in Minnesota. However, these cases are evaluated on an individual basis, as state laws can impact the likelihood and timing of settlements.
If your case takes longer to settle, you won’t have to make any payments until it’s resolved. Provident uses a simple interest model, so you won’t face compounding interest that can rapidly increase your debt.
No, there are no restrictions on how you use the funds from your lawsuit loan. You’re free to use the money for any purpose, whether it’s paying bills, medical expenses, or daily living costs.
Minnesota follows a modified comparative fault rule, which means you can recover damages as long as you’re less than 51% at fault for the accident. This can impact your eligibility and funding amount. Additionally, Minnesota has a six-year statute of limitations for most personal injury cases, giving plaintiffs ample time to pursue their claims.
Minnesota’s regulations on lawsuit loans, while not explicitly addressed, fall under the broader category of debt settlement services governed by Chapter 332B of the Minnesota Statutes. These laws provide important protections for consumers seeking financial assistance during legal proceedings.
Lawsuit loan companies operating in Minnesota must adhere to strict fee structures. They can choose to calculate fees based on either a percentage of debt or percentage of savings, but these must be clearly disclosed to the borrower. Fees are capped at 15% of the total debt or 30% of the savings negotiated, depending on the chosen structure.
Importantly, funding providers cannot collect any fees before fully performing their agreed-upon services. This protects plaintiffs from paying for services they haven’t received. The law also prohibits any additional charges beyond the allowed fees.
Transparency is key in Minnesota’s approach. Loan providers must promptly notify borrowers of any changes in their case, such as creditor withdrawals or settlement offers. This ensures plaintiffs can make informed decisions throughout the legal process.
While these regulations primarily target debt settlement services, they set a standard for ethical practices in the lawsuit loan industry, offering valuable protections for Minnesota plaintiffs seeking pre-settlement funding.