Virginia Lawsuit Loans Made Easy

How Do Virginia Lawsuit Loans Work?

Most people don’t have a lot of experience with personal injury lawsuits, so it’s understandable that you have no idea what a lawsuit loan is or how it works. In fact, it is possible that a friend or even your lawyer suggested a lawsuit loan and you are on Google attempting to figure out what it is.

While a lawsuit is a very complicated matter, a lawsuit loan is not – at least not for you. If you have a solid claim then you have a very good chance of being approved for a pre-settlement loan. Unlike other types of lawsuit pre-settlement loans, your credit, income, and/or debt does not impact your eligibility.

The only thing that matters is the strength of your case.

Simply put, lawsuit pre-settlement loans are loans that are taken against the future payout of your case. If you don’t win the case you don’t have to pay us back, which is why Uplift only offers lawsuit settlement loans to clients with strong cases. We work with your attorney to figure out those details, the only thing you need to worry about is making that initial phone call and scheduling a review of your case.

Apply online, or give us a phone call and we will gather information about your pending lawsuit and your attorney. Once we have the basics, we will talk to the law firm representing you and our underwriters will decide an appropriate amount for your loan. Within 24 hours of approval, you will cash in hand via a direct deposit, wire transaction, or even overnight check.

Virginia Lawsuit Loans Quick Reference Guide

How Much Funding Can I Qualify for in Virginia?

The amount of funding that you can qualify for is not based on credit or income, but instead on the merits of your case and its projected value. A case that is stronger or includes serious injuries will most likely receive a larger settlement than a smaller case with minor injuries. Therefore, the scope of how much funding you will qualify for a fair settlement will vary widely from person to person.

Most companies that offer lawsuit loans in Virginia will fund up to 25% of the projected value for pre-settlement cases, and up to 50% of the net portion of the case if it is post-settlement and you are simply waiting for the payment to be disbursed.

Keep in mind that the net portion of your case is not the full amount of the settlement you are awarded. Similar to taxes, the gross amount is the total amount you are awarded, while the net portion is that amount minus liens, lawyer fees, processing fees, etc.

Like any other type of loan, it is important to be responsible when seeking out lawsuit loans. You need to be careful to focus on the amount you need to help bridge the gap before your settlement is awarded not how much you want. Lawsuit loans do have interest and other fees attached to them and can be an expensive way to finance things that could wait. That said, they are an excellent way to access the money you are entitled to when you are financially struggling after an injury.

What Can I Use My Pre-settlement Lawsuit Loans To Pay?

Lawsuit loans are similar to personal loans, once they are awarded there are no stipulations that dictate how you can spend the money. You do not need to show proof of purchase or deposit to Uplift and are free to spend your pre-settlement funding as you wish.

Our typical clients use their lawsuit loans to pay for medical bills, mortgage payments, and other medical expenses related to personal injuries while waiting for their future settlement, in addition to covering living expenses that are magnified by the loss of income. That said, there are no real restrictions or laws that prevent plaintiffs from spending their money in any way they see fit.

The only thing you may not do with lawsuit funding is use them to pay attorney fees. However, your personal injury attorney should be working on a contingency basis so this is a null point.

How to Compare Rates for Lawsuit Loans in Virginia

Given the fact that lawsuit loans do not depend on credit or income, you need to pay close attention to the compound interest rate you are offered. The interest rate attached to your settlement loans will heavily influence how much the loan costs you in the long run.

Many lawsuit loan companies in Virginia will tell you they offer the lowest rate, which is clearly not possible. The same way you would shop around for a car loan or mortgage loan, you need to shop around for a lawsuit loan rate that fits your expectations.

The internet has made it easy to quickly compared pre-settlement funding options. Use it to ensure that you feel 100% confident about the choice you make. The money you receive from a settlement loan is not free. It is money that you are entitled to as the victim of an accident or someone else’s negligence.

Protect your money by comparing lawsuit loans before signing any binding contracts.

Is Pre-Settlement Funding Considered a Loan in Virginia?

Despite the fact that most people within the industry refer to personal injury loans as lawsuit loans, according to Virginia law, lawsuit loans are simply the assignment of legal case proceeds.

This makes pre-settlement loans possible but does not require the lawsuit loans to be issued and regulated the same way a traditional loan from a bank would be.

According to Virginia law, a lawyer is allowed to help clients pursue and find lawsuit loans if they note that the client needs help with living expenses. However, a lawyer themself is not allowed to lend any funds directly to their clients.

Do I need a Lawyer to Receive Lawsuit Loans in Virginia?

While lawyers are not allowed to personally lend funds to clients, they play a pivotal role in allowing their clients to pursue legal funding.

Lawyers are ultimately responsible for paying the pre-settlement loan company once the settlement is approved, therefore they need to be contacted for proper disbursement of funds. In addition, lawyers only take on personal injury cases they are confident they can win. The presence of a lawyer adds legitimacy to your case.

Lawsuit loans do not cost you anything if you do not win the case. You are not responsible for paying back the money if the plaintiff loses and you do not receive a settlement. Therefore, all lawsuit loan providers will only offer settlement loans if there is a high expectation of settlement, which is secured by the presence of a lawyer.

What Type of Cases Qualify for Lawsuit Loans in Virginia?

Most lawsuit loans are awarded for personal cases which cover a broad range of subcategories including car accidents, dog bites, truck accidents, bike accidents, pedestrian accidents, property injuries, medical malpractice, and slip and fall cases. In addition, legal funding may be available for cases that involve labor law, workers’ comp, employment negligence claims against an insurance company, product liability, and potentially fund workers compensation cases.

Uplift specializes in providing lawsuit funding financial support for those pursuing car accident claims, but we also work with a wide range of other cases. Contact us to see if your case is eligible and we will do our due diligence and let you know.

Is There a Benefit to Choosing a Local Virginia Lawsuit Loan Company?

The simple answer is no. Choose a local plumber, don’t worry about the location of the person who is financing your lawsuit loans. Choose the company that offers you the best interest rate, hard stop.

No lawsuit funding company in Virginia will provide you with same-day loans, so do your research, choose a reputable company with a good interest rate, and then receive your funds in a timely fashion.

The internet has now made it very easy to find lawsuit loans providers across the nation, and it is not uncommon to do so. Take a look at your mortgage and/or car loan. Chances are it is with a bank that is not within your state. The physical location of a lender has no bearing on your pre-settlement lawsuit loan or the potential for approval.

Once again, the only thing that matters is the status of your case. If you have a strong case, then the only other thing that matters is the interest rate you are offered.

Uplift is able to promise a 24-hour turnaround from the time your pre-settlement legal funding is approved to the time it is in your possession.

Uplift provides non-recourse lawsuit settlement cash advances to help you win your case by relieving the pressure of paying for expenses that keep piling up. With a population of 8,535,519 Virginia is the 12th largest state in the United States. With a population that large accidents are bound to happen. Don’t let an accident completely side-track your life. Get the lawsuit funding you need so you can fight the case without worrying about making ends meet.

Learn alternatives to Virginia lawsuit loan stores

We know fast funding for your personal injury case is at the forefront of your mind. You need funding for your Virginia lawsuit and you need it now. However, before you seek out risky loans from loan stores you should consider legal funding.

A Virginia lawsuit loan is legal funding that is specifically granted for people who are battling a case. It is pre-settlement legal funding that is supposed to help you make ends meet while you are in your lawsuit. You can use the legal funding for whatever you like. This means it case be used to pay for legal fees during the case, pay medical bills and expenses, pay rent/mortgage, and much more.

Lawsuit Loans are an alternative to going to loan stores that offer risky loans with high rates. A lawsuit loan with Uplift can offer as little as $500 and as much as $250,000 in lawsuit funding while still keeping rates low. Contact us today or apply online today.

What makes a Virginia lawsuit loan with Uplift different?

Finding a pre-settlement loan funding company that will help you win your case is hard. Uplift will do its very best to ensure you get the lawsuit funding you need in order to battle your case head-on.

Below are just a few reasons why Virginia lawsuit loans are different from Uplift legal funding:

• Personal Injury: We provide pre-settlement funding for most personal injury cases in Virginia. We know that this cash advance will help you pay for whatever expenses you have.

• Non-recourse: Uplift is a non-recourse lender. This means we provide a lawsuit cash advance to clients. If you do not win your case, you do not have to pay the cash advance back. This means there is no risk in applying for legal funding with us.

• Non-compounding rates: Pre-settlement funding with Uplift offers rates that are non-compounding. This means that after you have won your personal injury case, you will only be charged rates based on your original funding amount. This way after your Virginia lawsuit has passed, the rates you pay back are low and manageable.

• Funding efficiency: Once you have been approved for legal funding in Virginia, you will get your cash advance right away, in as little as 24 hours. Uplift understands that this lawsuit funding is critical in relieving the stress you may feel during your case. This is why we offer two paperless options of depositing your funding and one paper option.

Uplift is here to help you get through your Virginia lawsuit. We know our lawsuit funding will help our clients greatly, so we do everything possible to make sure rates stay low. If you are interested call us today at (800) 385-3660 to see if you qualify for funding in as little as 2 minutes.

Regulation of Virginia Pre-Settlement Funding

Due to a lack of regulations, nearly all legal funding companies provide pre-settlement funding in Virginia. Lawsuit cash advances allow you time to fight your case and receive the award you deserve.

Uplift does and will continue to follow best-practice procedures. This means we keep our client’s best interests in mind at all times. We do this even though it is not required by law in Virginia. We want to help our clients get through an already tough situation.

Notable personal injury law firms in Virginia

Uplift is unable to get you your lawsuit funding unless you have an attorney. If you are having difficulty finding an attorney, we have compiled a list for you below.

Each law firm has at least a 4.5 on google rating and very positive reviews:

Allen, Allen, Allen & Allen
1809 Staples Mill Rd, Richmond, VA 23230 (804) 353-1200 Specialties: Workers Compensation, Wrongful death, Car accidents, Catastrophic injury accidents, Impaired driving accidents

The Strong Law Firm
8206 Leesburg Pike #209, Vienna, VA 22182 (703) 215-2294 Specialties: DUI accidents, Organ damage, T-Bones accidents, Slip and fall accidents

The Offices of Locklin and Coleman
9253 Mosby St #100, Manassas, VA 20110 (703) 392-6686 Specialties: Nursing home negligence, Dog bites, Premise Liability, Motor vehicle accidents

The Kendell Law Firm
259 Hydraulic Ridge Rd STE 103, Charlottesville, VA 22901 (434) 227-5977 Specialties: Truck accidents, Pedestrian accidents, car accidents, slip and fall claims

Virginia Personal Injury Statistics

Accidents are one of the leading causes of death in Virginia. While in the past three years the overall accident death rate in Virginia has gone down, accidents are still the third leading cause of death for Virginians.

Virginians drive an average of 2.3% more miles than other Americans. This means that there are more people and cars on the road in Virginia. This contributes to accidents being the 3 leading causes of death in Virginia. However, it is not the only factor.

Seat belt use and drunk driving habits play a large part in the car accident death rate.

Residents from Virginia earn about a C when it comes to buckling up. On average Virginians buckle up 70% of the time. Lack of wearing a seat belt can be the difference between a fatal accident and survival.

However, when it comes to drinking and driving Virginians score higher than the national average! This means people from Virginia drink and drives less than their fellow American drivers.

Partly because of these factors, Virginia’s car accident fatality rate is 9.0. While it is lower than the national average of nearly 11%, it is still one of the main causes of death in Virginia. If there is a tragic car accident, don’t let it completely bulldoze your life. Get the legal funding you need to get through the case and earn what you deserve, start the application process now to recover compensation.

Why consider Uplift Legal Funding for a lawsuit loan in Virginia?

There are many benefits to applying for lawsuit loans with Uplift legal funding. We have listed a few of these reasons below:

Best-practice: Uplift follows best practice procedure. This means we always act with our client’s best interest in mind. In the state of Virginia, it is not required for lawsuit loan companies to do this. However, uplift wants to help you.

• Rate transparency: Unlike some lawsuit loan companies, Uplift is always transparent about our rates. You can call us and speak to one of our qualified personal injury case managers and we can give you an estimate of what your rates will be. We want you to know how much you’ll be paying back for your lawsuit loan with us. No hidden fees or charges.

• No credit check: In the state of Virginia, Uplift does not require a credit check to qualify for a lawsuit loan. We never check employment history or creditworthiness. The quality of your case is all that matters to us.

• Not a loan company: Uplift is not a loan company. Loans from loan companies can be risky, and charge incredibly high rates. Uplift does not do this. Our lawsuit funding is non-compounding and, if you do not win your case, you do not have to pay the cash advance back.

Uplift’s goal is to help relieve the pressure added expenses cause while you are in your lawsuit. Our pre-settlement funding can be used to pay for whatever you need. This could be rent/mortgage, medical expenses, legal bills, car insurance and more.

Next Steps in Lawsuit Funding

Uplift is a non-recourse funding agency which means if you do not win your settlement, you do not have to pay the funding back. Uplift additionally uses non-compounding rates. This means we only charge rates based on your initial fund amount. With Uplift being a non-recourse company and having non-compounding rates, there is no risk to you when seeking a lawsuit loan from us. We offer pre-settlement funding for a variety of cases, find out if you qualify today. Call us at (800) 385-3660 or apply online for a fast approval process.

Why consider Uplift Legal Funding for a lawsuit loan in Virginia?

There are many benefits to applying for lawsuit loans with Uplift legal funding. We have listed a few of these reasons below:

Best-practice: Uplift follows best practice procedure. This means we always act with our client’s best interest in mind. In the state of Virginia, it is not required for lawsuit loan companies to do this. However, uplift wants to help you.

• Rate transparency: Unlike some lawsuit loan companies, Uplift is always transparent about our rates. You can call us and speak to one of our qualified personal injury case managers and we can give you an estimate of what your rates will be. We want you to know how much you’ll be paying back for your lawsuit loan with us. No hidden fees or charges.
• No credit check: In the state of Virginia, Uplift does not require a credit check to qualify for a lawsuit loan. We never check employment history or creditworthiness. The quality of your case is all that matters to us.
• Not a loan company: Uplift is not a loan company. Loans from loan companies can be risky, and charge incredibly high rates. Uplift does not do this. Our funding is non-compounding and, if you do not win your case, you do not have to pay the cash advance back.

Uplift’s goal is to help relieve the pressure added expenses cause while you are in your lawsuit. Our pre-settlement funding can be used to pay for whatever you need. This could be rent/mortgage, medical expenses, legal bills, and more.

Uplift is a non-recourse funding agency which means if you do not win your settlement, you do not have to pay the funding back. Uplift additionally uses non-compounding rates. This means we only charge rates based on your initial fund amount. With Uplift being a non-recourse company and having non-compounding rates, there is no risk to you when seeking a lawsuit loan from us. Call us at (800) 385-3660 or apply online.