Since civil lawsuits, such as employment law claims or personal injury claim cases, can take months or even years to reach a resolution, plaintiffs often struggle financially especially if their claim-related injury has rendered them unable to work.
If this sounds like you, getting a lawsuit advance or pre-settlement loan against your pending lawsuit can be a huge help. These loans are pretty straightforward to get – the lender doesn’t have to check your credit score or financial history to approve it.
They only need to determine how likely you are to win your claim. Once approved, you can get the lawsuit funding in as little as 24 hours. Examples of pre-settlement funding options that may be available to you include car accident loans, construction accident loans, and many others.
For many of our clients, lawsuit settlement loans have helped them obtain a higher settlement from the at-fault party by taking the pressure off their lawyer to settle the case faster for a lowball offer.
How to Get Lawsuit Funding in Baton Rouge, LA
We can’t talk about other lawsuit settlement loan providers in Baton Rouge, but here at Direct Legal Funding, here’s the simple step-by-step process of applying for the pre-settlement advance:
Step 1: Call us or fill out the online form on our website to get started. We only need some basic information about yourself, your claim, and your attorney.
Step 2: We will consult with your lawyer to review your lawsuit.
Step 3: If our underwriters consider us a good fit, we will send you a contract to sign (electronically).
Step 4: After approval, we will deliver the money within 24 hours (via bank transfer, overnight check, or any other mode that’s convenient to you)
State Law Regarding Pre-Settlement Funding in Louisiana
Before applying for a lawsuit advance against your potential future settlement, you should understand how personal injury laws work in Louisiana. The state follows an “at-fault” system for determining damages. This means that the individual responsible for the accident is held accountable for any injuries, property damage, and lost income, etc.
Here are Louisiana’s minimum policy limits:
- $15,000 physical injury liability per individual and $30,000 per accident
- $15,000 uninsured motorist coverage per individual and $30,000 per accident
- $25,000 property damage liability per accident
- $1,000 in medical payments coverage
If your damages exceed the above limits, the person or company responsible for your injuries will have to pay the remaining amount.
Also keep in mind that the statute of limitations for cases of medical malpractice, worker’s compensation, and personal injury in Louisiana is only 1 year. So, if you think your injuries or property damage is caused by another party’s negligent behavior, you should consult with an attorney and file a lawsuit as soon as possible following the incident so you will be in a position to obtain pre-settlement funding.
Previous Cases of Personal Injury Lawsuits in Baton Rouge, LA
A few years ago, a plaintiff was stopped in traffic in Louisiana, when his car was rear-ended by a commercial truck. The plaintiff sustained severe injuries in both wrists, arms, low back, and neck, and had to undergo a cervical fusion to get some degree of function back in the neck. It was determined by a general surgeon and a neurologist that he will need long-term rehabilitation, which could cost up to $2.5 million. He was awarded $3,873,018 by the jury.
In a local case, an East Baton Rouge Parish resident suffered a double leg amputation because of the poorly maintained highway. He received $13,800,000 in settlement from the county.
In cases like these, a car accident loan would be a great help for victims who have to wait for several months or longer for their settlement funds to come in.
Car Accident Statistics in Louisiana
When the COVID-19 pandemic hit the world and people were forced to stay at home, the number of vehicle collision fatalities naturally went down in most places – but not in Louisiana. The number of deaths from traffic accidents in 2021 here somehow managed to set a new record. There were 997 fatalities and 914 crashes in 2021, which is a sharp increase from 828 fatalities and 762 crashes in 2020.
Car accidents are usually caused by some type of negligence, which means the victim can file a claim for damages. If you are in this position, Direct Legal Funding can help you obtain a car accident loan as an advance on the settlement you will receive.
Average Time It Takes to Get Lawsuit Funding in Baton Rouge, LA
If you’re working with a reputable lender like Direct Legal Funding, speed is everything. Once we approve your pre-settlement funding application (which usually takes 48 hours), we can mail an overnight check or wire transfer the money to your account within 24 hours.
Factors That Could Cause a Lawsuit Advance to Take Longer Than Usual
Of course, there’s always room for unexpected delays. The most common causes for a delay in lawsuit funding application processing are:
- The applicant’s attorney is too busy to take our call
- The attorney doesn’t have all the case details at their disposal during our brief interview
- The applicant doesn’t have the required documents (such as insurance papers, hospital bills, medical reports, police incident reports, etc.)
If you want your lawsuit settlement loan application fast-tracked, we encourage you to talk to your attorney and let them know that they should be ready for us to call them. Keep all the necessary documents organized in a neat manner, so you access them quickly. The better prepared you and your attorney are, the faster the process will be.
The Most Dangerous Intersections in Baton Rouge for Drivers
Everybody says their city’s traffic is the worst, but when someone from Baton Rouge says it, they actually mean it. Our traffic is considered the 4th worst in the country, just slightly behind New York, Los Angeles, and Miami. More traffic means drivers spend more time on the roads, increasing the risk of crashes.
Cases of traffic congestion, speeding, and aggressive driving are particularly common on the following roads:
- Staring Lane from Highland Road to Perkins Road
- Nicholson Drive
- O’Neal Lane from Harrell’s Ferry Road & I-12
- Burbank Drive from Lee Drive to Bluebonnet Drive
- Highland Road from Perkins Road to Airline Highway
Best Hospitals and Emergency Care Centers in Baton Rouge for Accident Injuries
Whether you are severely injured or have only sustained minor bruises in an accident, your first priority should be to head to a nearby hospital for a quick checkup. There are many great ERs and medical clinics in Baton Rouge that are open 24 hours a day, 7 days a week, including:
- Baton Rouge General – Bluebonnet
- Baton Rouge General – Mid City
- Our Lady of the Lake Regional Medical Center
- Ochsner Medical Center
- Promise Hospital of Baton Rouge
- St Brendan Specialty Hospital
- Sage Specialty Hospital
- The Spine Hospital of Louisiana at the NeuroMedical Center
The Average Cost of Healthcare in Louisiana
The most recently published data shows that the average cost of health insurance in the state for one person is $7,047. This is almost $25 per individual more than the national average. In other words, getting medical care in Louisiana is not cheap. If you end up with significant injuries in a car crash, you can easily end up with hundreds of thousands of dollars of hospital bills. It is in times like these when a car accident loan can be a real life saver financially.
Contact Us for Low-Interest, No-Risk Lawsuit Settlement Loans in Baton Rouge, Louisiana
Direct Legal Funding has always been committed to offering competitive interest rates to Baton Rouge residents. We are also known for having one of the highest pre-settlement funding application approval rates in Louisiana. If your attorney shows that you have a good case, we can usually give you a lawsuit advance within 24 hours at the most competitive interest rate.
You will bear absolutely no risk and you don’t give any collateral to obtain your lawsuit settlement loan. We only get paid out of the settlement or jury award that you receive. If you lose the case, you do not have to pay us back.