Settlement loans in Gainesville can be an excellent alternative to help with expenses, as you wait for your lawsuit settlement money to arrive. Whether it is a personal injury case or some other matter, the litigation process can take months, if not years. Lawsuit funding can provide ready cash to help you with your current expenses. All this comes with no need for any credit checks.
The average time it takes to get a lawsuit loan in Gainesville, FL
A lawsuit loan is a non-recourse type of loan, which relies on the future settlement as collateral. This is why the application process often requires no credit checks. The average time to receive the money usually takes between 24 to 48 hours. Based on this, certain factors can expedite or delay the process.
Factors delaying the process
- Not furnishing all the required documentation to your attorney, regarding your case
- Not discussing the claim details with your attorney
Factors expediting the process
- Providing all case-related documentation, including incident reports and medical reports
- Keeping attorney information at hand when making an application for a lawsuit loan
Steps to obtain pre-settlement funding in Gainesville, FL
A lawsuit loan is a non-recourse type of loan. That means it relies on the future settlement as collateral. Hence, there is no need for a credit check. Applying for a lawsuit cash advance is easy, and involves the following steps:
- Apply with a reliable legal funding company through their online form or contact number
- Discuss the claim details with your attorney
- Meanwhile, the team at the lawsuit loan company reviews your application
- Once approved, you could receive the money in 24 hours
- A DocuSign agreement needs to be signed by you and your lawyer
- The money is then transferred through one of several convenient channels, such as bank account transfers, overnight checks, or Western Union
Statistics on accidents and injuries in Florida
In 2020, there were a total of 341,399 car accidents reported in FL. This averages out to 933 car crashes each day. In 2020, 3,332 lives were lost due to car accidents, and 15,614 were injured due to such accidents.
It is estimated that 40% of all car crashes in Florida result in injuries. In 2018, Florida had 401,851 traffic accidents, with 3,150 deaths being caused by these traffic accidents.
State law regarding pre-settlement loans in Florida
Florida has a bill pending that seeks to impose additional regulations on lawsuit loans within the state. This bill would enable the Florida Department of State to ensure more extensive regulation of the industry. Case laws in the state have upheld agreements on loans on pending lawsuit settlements where there was no direction or interference from the lender about the litigation.
The Florida Bar allows lawyers to honor the allocation of proceeds for the client from the case to the lawsuit loan organization. In addition, it does not allow lawyers to provide a letter of protection to the organization. Many lawsuit loan organizations offer services to Floridians, and several of them use alternate acknowledgment letters that are compliant with the Florida Bar’s stance on lawsuit loans.
Can an attorney give money to their client in Florida?
The Florida Bar Ethics Opinion 96-1 states that attorneys are not allowed to provide plaintiffs with any financial assistance. Based on this, they are allowed to provide advances for the litigation costs. These expenses will only require repayment once the case is closed.
Can an attorney help their client receive lawsuit loans in FL?
According to the Florida Bar Ethics Opinion 00-3, attorneys are allowed to offer clients information pertaining to non-recourse lawsuit loan (low-interest pre-settlement loan) organizations if the client is in need of financial assistance.
Dangerous roads and intersections in Gainesville, FL
A majority of settlement loan applications are made for personal injury cases. These can often happen due to motor vehicle accidents or slip and fall cases.
There are certain roads and intersections in Gainesville, FL that are notorious for their high risk of causing accidents. You can exercise caution when visiting these areas. Some of the most dangerous intersections in Gainesville, FL include the following:
- Southwest 13th Street and Southwest Williston Road
- Southwest 16th Avenue and South 13th Street
- Northwest 34th Street and Northwest 39th Avenue
- Southwest 20th Avenue and Southwest 62nd Boulevard
- West University Avenue and Northwest 22nd Street
Hospitals and medical centers in Gainesville, FL
If you have suffered a personal injury as a result of a motor vehicle accident, slip and fall case, or even police brutality, it is important to get medical attention at the earliest. You can visit any of the leading hospitals in Gainesville, FL to receive medical treatment.
Some of the top hospitals and medical centers in Gainesville, FL include the following:
- UF Health Shands Hospital
- Shands Hospital
- Select Specialty Hospital
- North Florida Regional Medical Center
- UF Heart Vascular and Heart Neuromedicine
Get your advance on lawsuit settlement today from Direct Legal Funding
Personal injury case settlements can take months or years to close out. As victims wait for the settlement money to arrive, their expenses continue to rise. Victims of personal injury are often saddled with exorbitant medical bills and healthcare costs.
In addition, if there has been an injury, which contributed to a loss of job or income, the worry of taking care of bills can be compounded. This is especially the case if another job is difficult to come by. An advance on lawsuit settlement can help in these situations, providing ready financial assistance at a time when it’s most needed.
At Direct Legal Funding, we offer ready cash at extremely competitive rates. Our loan application process is simple, and we do not require any credit checks. Once you submit your application with us, you can typically expect to receive the money in just 24 hours.
Our dedicated team of specialists will review your case thoroughly and offer you the best rates. We have helped a large number of people in Gainesville, FL get the necessary cash advance to support existing expenses while they wait for their settlement. You can get access to pre-settlement funding today by filling out our online form or calling us at 866-941-5588.