How To Apply For A Lawsuit Loan At RapidLawsuitFunding.com
If you’ve ever tried applying for a loan before, you understand how difficult and time consuming it can be; there seems to be an unending amount of personal questions, and every single aspect of your life is scrutinized in the most invasive way. Thankfully, lawsuit loans (especially those offered by RapidLawsuitFunding.com) are not typical loans. They shouldn’t even be regarded as loans. That is because Lawsuit Loans are financial investments from a third-party funding company.
With regular loans, you have to pay back the money you’re given no matter what. However, with Lawsuit Loans, you only have to pay back the money you’re given if you win your case. This means that since they’re technically not “loans“, you don’t have to go through the same tiresome process when applying. Getting the proper funding you need to fight your litigious battle is easier than ever when you apply for a lawsuit loan with Rapid Lawsuit Funding!
The Information Rapid Lawsuit Funding Needs And Why
Lawsuit Loans are not a new thing for Rapid Lawsuit Funding, and through our experience in the pre-settlement loan industry, we’ve learned how to streamline our application process. We understand that any plaintiffs who are applying for funding with us are generally doing so because of mounting bills and financial pressures. That said, we like to keep our application process as simple and painless as possible. When applying for a lawsuit loan through RapidLawsuitFunding.com, all applicants will be asked a few simple questions regarding who they are, who their legal representation is, their current case, and their loan history.
To further clarify the steps of our process (and to make it easier for all applicants), we’ve outlined the basics of our it below with a brief explanation as to why we need that information.
Who Is Filling Out The Lawsuit Loan Application?
The primary piece of information we’ll need from our applicants is their Name, Email Address, and Date. Please note that this is the contact information for the person completing the application and not necessarily the plaintiff. We understand there are many reasons in which a plaintiff may not be able to fill out an application form, and may need someone else to apply on their behalf. All contact from Rapid Lawsuit Funding can either be made to the person applying for the lawsuit loan and the plaintiff or just the plaintiff themselves. However, regardless of who fills out the form, , the loan will only be given to the plaintiff.
How Much Money Is The Plaintiff Hoping To Be Receive?
In our application process, we will also ask for a Funding Request Amount. This is to better understand your financial situation and the type of settlement loan you are looking for.
Who Is The Client That Is Looking For Pre-Settlement Funding?
It goes without saying that during the application process, we will also request information on the actual plaintiff who requires a lawsuit loan.
Rapid Lawsuit Funding needs this information as our first step to identifying the client.
Date of Birth
In the case of common and duplicate names (James Smith, or Maria Garcia for instance), we require this information as a secondary tier of client identification.
Client Address, City, State, Zip Code
We require the client address to see if any other lawsuit loans have been issued to other plaintiffs (past or present) currently living at the client’s home.
Social Security & Driver’s Licence Number
This information is used to do a cursory check on all applicants for better assessment their ability to settle their lawsuit. For example, a driving record full of previous infractions might affect a plaintiff’s ability to find judgment in their favor for a vehicular accident case.
Type Of Case And Current Status
Perhaps the most important piece of information Rapid Lawsuit Funding needs to know regarding all clients refers to the Type Of Case in which they are currently involved. For instance, there is an enormous difference in the average judgement awards between an Automobile Accident lawsuit and a Medical Malpractice case, and the size of the loan you get greatly depends on this. For more information on the average financial payouts of common lawsuits, see our blog entry on How To Approximate Your Future Settlement When Applying For A Lawsuit Loan.
Among the essential information is also at What Stage You Are In The Legal Proceedings; whether you’ve just filed the lawsuit, have a trial date, you’re in mediation, or you’re in appeal? Knowing how far along you are in the proceedings will give us a better idea of how long it will take for a verdict to be reached from the date your loan is issued.
Have You Had Any Previous Lawsuit Loans
If you have ever applied or been awarded an advance with a lawsuit loan in the past, we would like to know your Previous Funding Amount, Name Of The Legal Funding Companies (or ‘company’), and the Payback Amount. This information is mainly used to give us a better understanding of how familiar new clients are to the practices of settlement loan companies, and their methods of delivery and repayment.
For any plaintiff looking to be given a pre-settlement loan with Rapid Lawsuit Funding, we also require that they provide their solicitor’s contact information, including the Attorney Name, Attorney Address (including City, State, and Zip Code), Attorney Phone Number, and Attorney Fax Number.
This information NECESSARY when applying for a lawsuit loan. Even though Rapid Lawsuit Funding will issue any loans directly to the plaintiff, we will make all funding arrangements and decisions through their solicitor. We will need to speak with your solicitor to get a much clearer understanding of your case, as well as get an idea of their background in representing plaintiffs in such cases. All of these factors will affect the amount of money the plaintiff will receive.
If you are a plaintiff in a lawsuit and you currently do not have any legal representation, there are many resources you can turn to to find a lawyer so you are able to apply for lawsuit funding.
Resources For Clients To Find Attorneys
The American Association For Justice is a legal organization that was founded on the principles of ensuring every plaintiff gets a fair day in court. On the American Association For Justice website, clients will be able to find experienced local attorneys from all across America.
If you are a client looking for a solicitor to represent you in a personal injury case, the National Association of Personal Injury Lawyers website has an extensive directory of law practitioners who are very experienced and ready to help.
Another good resource for plaintiffs involved in Personal Injury cases is InjuryBoard.com, which is a community of not only lawyers who are experts in personal injury law, but media professionals, activists, and industry safety experts as well.
For a directory of local lawyers that also offers advice and customer ratings, clients can either visit Legal Genius or Avvo.com.
Experience How Easy It Is To Apply For A Lawsuit Loan With Rapid Lawsuit Funding
The abovementioned is the basic information you’ll need to provide Rapid Lawsuit Funding to get your lawsuit loan, aside from a few case-specific questions. As you can see, we have tried our best to make the application process a quick and simple one. Once you fill out our standard application form, you can expect to receive your lawsuit loan in as soon as 24 hours!. And considering the no-risk nature of pre-settlement funding, what do you have to lose? If you need a few more dollars in your pocket before you receive your settlement in court, don’t delay – APPLY TODAY!