18-Feb

Ensure A Proper Payout – How To Approximate Your Future Settlement When Applying For A Lawsuit Loan

Applying for a Lawsuit Loan is actually a very simple and pain-free process for any plaintiff looking to get a hold of some extra cash to get them through difficult times, but it is definitely a good idea to get an approximate idea of what your settlement might be before you apply. Even though many different types of cases are accepted by the best lawsuit loan companies, such as Delta Settlement Funding, it doesn’t mean that each loan is going to arrive at the same dollar amount.
As a plaintiff, you will definitely want to know what your approximate expected settlement is going to be before applying for a lawsuit loan – because the higher the expected settlement, the higher the loan amount you will be able to receive. By looking at the various factors such as the type of case you are involved with, the state in which the case is being tried, and the expertise and experience of your legal representation, you should be able to achieve a fairly accurate prediction of what your settlement amount will be once the case is closed.

Try To Find The Average Payout For Your Case

We understand that although lawsuit loans are quickly becoming one of the most useful financial tools for plaintiffs experiencing a degree of financial strain, they’re not always suited for all situations. To ensure you’re getting the best service possible from both your lawyer and your loan provider, there are some quick and easy questions you can ask yourself to see if you happen to be involved in a case that is suited to attaining a lawsuit loan or not. One of the easiest ways to decide if a lawsuit loan makes sense for you is to find out the average payout for a claim similar to yours.

Average Payouts For Personal Injury

If you happen to be involved in a case which has led you to make a personal injury claim, you can find yourself getting a significant payout after the case has ended. The average payout of a personal injury lawsuit is based entirely on the nature of the injury itself, and you could probably expect to receive a dollar amount starting at $3000 and reaching heights up to $75,000. With expected payouts like that we are certain you’ll have no problem getting a settlement loan with Delta Settlement Funding.

Average Payouts For Vehicle Accidents

Vehicular accidents are one of the most common types of cases that qualify for pre-settlement funding (within the best lawsuit loan companies). If you are a plaintiff in a case that has to do with a vehicle accident, on average you can expect to receive a payout of roughly $21,000; but payouts with this type of lawsuit will usually fall anywhere between $14,000 and $28,000 depending on severity of the accident and the location of the trial.

Average Payouts For Workplace Injury

Workplace injury lawsuits tend to be one of the most situations in which a plaintiff can receive a lawsuit loan. Not only due to the fact that workplace injury lawsuits can take from months to years to rectify themselves, but also because most plaintiffs involved with workplace injuries can no longer achieve gainful employment. However, the good news is that most plaintiffs will see a significant payout coming after all of their waiting.
The average payout that comes from a workplace injury is $21,800 – however that average is really brought down by the fact that 12% of all lawsuits (usually quick settlements) have payouts of less than $2000; thankfully 55% of all workplace injury lawsuits conclude with a settlement of between $2000 and $20,000 for the plaintiff. The national average also tells us that 8% of workplace injury settlements have payouts reaching between $60,000 and $100,000!

Average Payouts For Medical Malpractice

If you happen to be a plaintiff involved in a Medical Malpractice lawsuit, it can be an emotionally devastating situation. Thankfully, cases such as these tend to have much larger payouts than other types of lawsuits due to the severity of the harm and injury involved. If you find yourself in need of filing for a lawsuit loan because you need help bridging the economic gap while dealing with a Medical Malpractice case, take comfort in knowing that these types of lawsuits end up reaching an average payout of $425,000. Not only that, but these days the average jury award tends to reach upwards of over $1,000,000 for the plaintiff.

Claim Payouts Vary Depending on Region

Due to the large degree of variance between state laws, you may find your lawsuit providing you with a payout higher or lower than a similar suit in a neighboring state. Before you get your pre-settlement loan, we suggest you look at the specific average payouts within your state to ensure your making the right choice.

Consult Your Lawyer For A Settlement Estimate

If you find yourself reading this blog because you’re involved in a lawsuit and are inquiring about your own potential payout, chances are you already have one of the best resources to find that answer at your fingertips – your lawyer. Most lawyers have years of experience dealing with similar cases, and they are well aware of the types of payouts that are awarded for those lawsuits. If you’re at all curious about what your payout could be (in the interest of securing a lawsuit loan for yourself), don’t give a second thought to plainly asking your lawyer.

Each Lawyer Is Different

One thing you should always keep in mind when applying for a pre-settlement loan, is that every lawyer is different. For instance, even though the average payout for a Workplace Injury may be around $21,000, there is a possibility that your lawyer has never been able to get a payout even close to that number for their past clients. We suggest that you not only research the aptitude of your legal representation regarding your specific case, but that you also look at the amount of financial reparations they were able to secure for their clients as well. Once you have been able to ensure your legal team will do their best to represent you in court, you shouldn’t have any worries when applying for your future lawsuit loan.

Get A Better Lawsuit Loan With A Higher Expected Settlement

Now that you know the different aspects of your case that will factor into the amount of money you will possibly get as a settlement in your lawsuit, you have a better understanding of the kind of Lawsuit Loan you can find to aid you through the process. Not only will the type of case be a factor in your settlement payout (especially when comparing a Personal Injury case to a Medical Malpractice suit), but also will the state in which your case is being tried, as well as the quality and experience of your legal representation. Once you have figured out the approximate range of your expected settlement, feel free to make your way over to deltasettlementfunding.com – once you take a few minutes out of your day to fill out our simple and expedient application processes, you can expect your pre-settlement loan in as little as 24 hours! With Delta Settlement Funding, you can take the financial pressure out of your legal troubles.