Louisiana Lawsuit Loans

Am I eligible for a personal injury loan in Louisiana?

To determine if you’re eligible for a pre-settlement loan in Louisiana, you need approval from your lawyer. They will help you determine the appropriate amount to borrow. If your legal team feels you are applying for too much, they may suggest a smaller amount. This ensures you won’t have trouble paying the loan back after the settlement.

To apply for a pre-settlement loan from Uplift, you need to provide your name, phone number, email address, and proof of your personal injury lawsuit. Proof of the lawsuit typically means providing a copy of the lawsuit your lawyer filed. We may ask for additional information depending on your case and the dollar amount of the loan you request.

Do I need a lawyer to get a lawsuit cash advance in Louisiana?

Yes. In Louisiana, you need a lawyer for your case to be considered for a lawsuit loan. Many personal injury lawyers are paid on a contingency basis. This means they receive payment only if they win your case and won’t bill you if they lose. Your lawyer is ultimately responsible for paying back the lawsuit lending company using money from the settlement award.

According to the Louisiana Rules of Professional Conduct 1.8(e), a lawyer in Louisiana may provide security (a guarantee) on a client loan as long as the interest rate charged on the loan doesn’t exceed 10% above the current prime rate.

How can I use lawsuit loans in Louisiana?

Pre-settlement loans help plaintiffs pay for living expenses before their case settles. This can be especially helpful if your injuries make it difficult for you to perform your job. If your income changes as a result of the accident, lawsuit loans can help make up the difference.

These loans can also be used to cover medical bills until the settlement arrives and to pay for ongoing treatment and aftercare, such as chiropractic appointments or physical therapy. However, lawsuit loans may not be used to cover attorney fees. Fortunately, nearly all personal injury lawyers work on a contingency basis, meaning they collect their fees only after a successful settlement.

Generally, lawsuit loans are used for:

• Rent or mortgage payments
• Car payments or car insurance
• Utilities, including electricity, water, internet, and trash removal services
• Groceries and household needs
• Medical bills, copays, and coinsurance

Can a lawsuit loan make my case stronger?

Applying for a pre-settlement loan will not make your case look stronger before a judge or jury. However, when your lawyer works with a lawsuit loan company like Uplift Legal Funding, the loan you receive may put you in a more secure position to see the case through to a just conclusion.

Many times, people who are injured in an accident are left in a financial bind. They may be out of work due to injuries or have a car that is either totaled or needs extensive and expensive repairs. When a plaintiff receives a pre-settlement loan, however, their living expenses are covered, and they may even be able to repair or replace their car, allowing them to continue working. Quick settlements are often pushed by insurance companies so they can pay less money. These fast settlements are frequently accepted by plaintiffs facing financial hardship.

The proper pursuit of a personal injury case takes time. Those injured in an accident may need ongoing medical treatment, including physical and occupational therapy. The costs for this care should be the responsibility of the at-fault party. Therefore, lawyers for injured parties often wait until treatment is completed to draw up a demand for compensation.

Once the demand is sent, the other party’s insurance company may take time to respond. In its response, the insurance company may suggest a different (usually lower) figure. These negotiations between your lawyer and the insurance company take even more time. If the case isn’t settled out of court, a trial can delay the resolution further.

Therefore, pre-settlement loans are often the best recourse for plaintiffs to ensure they receive the full compensation they deserve. The loan takes much of the financial burden off a plaintiff waiting for the conclusion of their case.

How much money do I qualify for?

Every case is different, and therefore the amount of a lawsuit pre-funding loan differs, too. The dollar amount is typically based on the value of your case and is a percentage of the case’s settlement value. The loan amount also depends on whether or not your claim has been decided. For example, you may have won your case but are waiting for the settlement check to arrive. You can apply for a lawsuit loan in these cases, too.

Most legal funding companies loan up to 25% of your portion of the projected settlement award for pre-settlement cases and up to 50% of your portion of the post-settlement judgment. The loan is based on the net value after attorney’s fees, liens, and other fees are paid from the settlement monies.

When applying for a lawsuit loan, it’s important to focus on how much you actually need so that your loan amount is easily repayable.

What kinds of cases qualify for lawsuit pre-funding loans in Louisiana?

Lawsuit pre-funding cases are limited to civil matters. However, just about any type of personal injury case is covered, including negligence claims against insurance companies or other professionals. As a professional lawsuit lending company, Uplift Legal Funding offers loans for many different types of cases. You can explore our services here, and if you don’t see your type of case, please get in touch with one of our friendly client care specialists.

Lawsuit loans can help plaintiffs involved in:

• Car accident lawsuits
• Accidents with a commercial truck
• Bus accidents
• Bike and motorcycle accidents
• Slip and fall accidents
• Dog bite lawsuits
• Medical malpractice claims
• Negligence cases against an insurance company

At Uplift Legal Funding, we specialize in car accident loans and other personal injury loans. These are the most common types of civil cases in Louisiana, and we’re experts in helping people just like you get the funding they need while they await the conclusion of their lawsuits.

Louisiana pre-settlement funding and how Uplift can help you

Uplift offers pre-settlement funding for most personal injury cases in Louisiana. Pre-settlement funding is a cash advance given to accident victims so they don’t have to worry about finances while they fight for a fair settlement. Lawsuit funding can be difficult to understand if you’re not a lawyer or in the industry. Uplift wants to help, so we created a guide to help you choose a lawsuit settlement loan company. From the beginning of the application until you get funded, Uplift is here to help you secure your lawsuit loan.

Below, you will find some FAQs that may help you better understand legal funding in Louisiana. If you’re interested, you can call us at (800) 385-3660 or apply online today.

As the victim, what should you do to ensure you get your Louisiana lawsuit loan?

As the accident victim, there are a few things you should do to ensure you get your funding. Uplift has made a helpful tip guide so you know what steps to take.

Once you have a general idea of what you should do, there are just three simple factors that stand between you and your legal funding:

1. Quality of your case (is it easy to see who is liable?)
2. Stage of your case (how far along is your case?)
3. Cooperation with your attorney (how quickly has your attorney provided us with information?)

After you have completed the application, our personal injury case managers will contact you and your attorney to start the funding process. If you are interested in how it works, you can visit this page for more information.

Personal injury lawyers in Louisiana

Before Uplift can provide you with pre-settlement funding, you must have a lawyer.

If you are having difficulty locating a lawyer, Uplift has listed a few below.

Each of the following firms has a high rating and good reviews online:

Dudley DeBosier Injury Lawyers
Address: 1075 Government St., Baton Rouge, LA 70802
Phone: (225) 379-3333
Specialties: Workers’ compensation, boat accidents, Social Security disability, dog bites

Morris Bart, LLC
Address: 601 Poydras St., Floor 24, New Orleans, LA 70130
Phone: (504) 613-4771
Specialties: Motorcycle accidents, auto accidents, truck accidents, slip and fall

Gordon McKernan Injury Attorneys
Address: 920 Pierremont Rd., Suite 220, Shreveport, LA 71106
Phone: (318) 888-8888
Specialties: Defective products, offshore accidents, wrongful death, explosions, and fires

Broussard & David
Address: 557 Jefferson St., Lafayette, LA 70501
Phone: (337) 233-2323
Specialties: Mass tort litigation, premises liability, aviation accidents, train accidents

Are there alternatives to settlement loans in Louisiana?

Presettlement funding isn’t the only option that Louisiana personal injury plaintiffs have for financial assistance. Many times, plaintiffs may be out of work because of the accident and unable to pay their bills.

Louisiana administers several financial support programs for people unable to pay their bills due to injuries from an accident. These programs are free for those who qualify. You may be eligible for one or more of these programs. These programs can help reduce the amount of money you need to borrow to cover your bills, medical expenses, and housing. If you’re eligible for one or more of these programs, you may have to borrow less money from a legal funding company.

Here are some local resources:

• Utility assistance from LIHEAP, a state-sponsored program to help low-income residents pay their bills. To qualify, your household income must be at or below 60% of the state median income.
• Affordable housing assistance from the Louisiana Balance of State Continuum of Care (BOSCOC). Representatives help individuals and families find low-cost housing in their area.
• Regional food banks: Northwest Louisiana Food Banks, Northeast Louisiana Food Banks, South Louisiana Food Banks, and Central Louisiana Food Banks. These websites help you find food banks in your area.

Benefits of legal funding with Uplift

Once your case is under consideration, you may be wondering what Uplift has to offer that other lawsuit funding companies do not. There are many benefits to choosing Uplift Legal Funding; just a few of them are listed below:

• If you do not win your case, you do not have to pay the loan back.
• We provide legal funding based on the case, not your credit. We never check credit or employment history.
• Uplift works with your attorney to ensure you get your money as fast as possible.
• We have a completely paperless funding process.
• Your funding is transferred to you often within 24 hours of approval.

Call us today at (800) 385-3660 or apply online to see if you qualify in as little as two minutes.