Washington Lawsuit Loans Made Easy

Am I Eligible for Lawsuit Loans in Washington?

Washington state does not have any laws that impact the availability of lawsuit loans. Therefore, if you have a pending personal injury lawsuit and are represented by a lawyer, you could be eligible for a lawsuit loan.

Eligibility is not determined by the state, but instead by the pre-settlement funding company you choose to apply with. Uplift encourages potential borrowers to apply online and have their case reviewed by our underwriters.

Our underwriters will get in touch with your lawyer to discuss the particulars of your case and its settlement value. Once this information is compiled, we will reach out almost immediately to grant approval if your case is strong enough.

A common misconception among people searching for lawsuit loans is that their credit or income matters. It doesn’t.

Credit and income play no role in the decision to grant lawsuit loans in Washington. The only factor that matters is the viability of the personal injury lawsuit. We look at the estimated settlement value and approve a loan based on the estimated net value of the case, not on any other factors.

How Much Will a Washington Lawsuit Loan Cost Me?

After eligibility, the number one question plaintiffs have is, “How much will a Washington lawsuit loan cost me?” It is a reasonable question because, like most loans, lawsuit loans are expensive.

In Washington, there are no rate limits, so the amount you could end up paying could vary greatly based on the type of settlement loan you opt to accept. There are many companies that offer lawsuit loans across America, and the company you choose will heavily determine the cost of the loan.

One important factor to consider is whether a lender offers a simple or compound interest rate. As the name implies, a compound interest rate requires you to pay interest on acquired interest. For instance, if you start with a $100 loan with a 4.5% interest rate, then at the end of the first month, you will owe $104.50. At the end of the second month, you will once again pay a 4.5% interest rate, but on the new total of $104.50, which can result in a snowball effect.

On the other hand, a simple interest rate is charged only on the principal of the loan. Therefore, if you are charged 4.5% on a $100 loan, your interest will never be calculated on more than that principal amount. With that in mind, a simple interest rate is often the better option, but it also might mean a larger upfront interest rate.

Navigating interest rates can be tricky, but it is important if you want to ensure you choose an affordable settlement loan. Uplift helps consumers by providing them with free access to our lawsuit loan calculator. Simply enter the amount you wish to borrow, an interest rate, and a term to get a basic idea of how much the lawsuit loan will cost you in the long run.

Uplift is proud to be one of the few lawsuit loan companies to offer a simple, non-compound interest rate. This makes us a very affordable option for plaintiffs in Washington who need access to their settlement funds before a case is officially settled.

This is why we cannot stress enough the need to look closely at interest rates. If you want the best deal on a lawsuit loan, you need a low, simple interest rate. Cut through the noise and focus on the strategy that will cost you the least.

Alternatives to Pre-settlement Loans in Washington

We know that settlement loans in Washington can be an expensive way to access funds; however, sometimes people need help addressing the daily costs of living while waiting for a settlement from a personal injury lawsuit.

Severe injuries, unexpected medical bills, and other expenses can be crippling, and sometimes people do not have anywhere to turn for help. This is one reason why lawyers often direct their clients to Uplift for lawsuit loans. Lawsuit loans help provide temporary relief so that injured parties can maintain their quality of life while waiting for financial relief.

However, depending on the situation, settlement loans may not be the only option to help bridge the financial gap that forms after a person is injured and before they are awarded the compensation they are entitled to.

Other local Washington resources that may be helpful include:

• TANF (Temporary Assistance for Needy Families)
• Washington’s Apple Health (Medicaid)
• LIHEAP (Low-Income Home Energy Assistance Program)
• Housing Assistance

If you have exhausted these outlets or need access to emergency pre-settlement funding as soon as possible, then a lawsuit loan may be the logical next step. Contact us to find out more about the process.

Benefits of Lawsuit Funding in Washington

Even though there are costs associated with lawsuit loans in Washington, there are benefits that make them worth a second look.

Settlement loans can be a great way to access funds you are entitled to without too many strings attached. While you will need to pay back the money at the agreed-upon rate once your settlement is approved, you do not need anything else to qualify.
Unlike payday loans or personal loans, which some clients pursue to bridge the gap until their settlement clears, lawsuit loans are only due if you win your personal injury lawsuit. Otherwise, you will never need to repay your loan.

You also do not need a good credit score or a valid source of income to be approved for pre-settlement funding. This makes it an excellent option for people who need funds to pay for daily living expenses and may not qualify for other loan options.

Uplift charges considerably less than competitors that also service Washington State, making us an obvious choice if you are searching for lawsuit loans. We offer simple, non-compounding rates and are upfront about the costs associated with them.

We know you have already been the victim of another person, a workplace, negligence, or an insurance company. Uplift is not looking to victimize you again financially. We are as transparent about the lawsuit loan process as possible so that you can be comfortable and confident with our pre-settlement funding options.

Can I Get Pre-Settlement Funding in Washington with Bad Credit?

Unlike traditional loans, credit is not considered when you apply for lawsuit loans. The only thing that matters is the perceived value of your personal injury case.

We will contact your attorney to discuss your case at length, and then our underwriters will decide whether you are approved for pre-settlement funding. If you have a legitimate personal injury claim, there is a high likelihood that your lawsuit loan will be approved.

Do I Need a Lawyer to Get Lawsuit Loans in Washington?

Yes. As discussed, in order to seek and apply for lawsuit loans in Washington, you must be represented by an experienced attorney who has filed a personal injury claim on your behalf.

Most personal injury lawyers only take on cases they believe they can win since they are paid on a contingency basis. Therefore, simply having a lawyer on your side adds legitimacy to your case.

It also gives us a trusted professional with whom we can discuss the legal aspects and settlement value of your personal injury claim. Once you fill out the initial information, you will not need to be heavily involved in the lawsuit loan process.

Instead, everything will proceed through your attorney, as they will be responsible for repaying the lawsuit loan from the settlement proceeds once they are disbursed. Therefore, in order to be eligible for a settlement loan, you need to have a lawyer.

How Long Does It Take to Get My Funds?

After filing your application with Uplift, our underwriters will compile information and speak to your lawyer. You will be notified as soon as they make their decision.

If approval is granted, you will be offered an array of options designed to give you access to your pre-settlement funding in as little as 24 hours.

We know how important fast and efficient access to lawsuit loans can be, and we do our best to provide payment options designed to meet the needs of every client. Popular payment options include wire transfers, Western Union, and overnight checks. You are not required to have a bank account to get access to lawsuit loans from Uplift.

What are the pros and cons of Washington pre-settlement funding?

Here at Uplift, we want to be upfront with you about the pros and cons of getting a lawsuit loan. Therefore, below we have listed some of the great—and not-so-great—things about pre-settlement funding:

Pros

• Fast funding.
• Repayment is contingent on success.
• Additional funding is available.
• Know how much you have to repay.
• Use the funds for whatever you want.
• Works with your attorney.
• Cap on how much you have to pay.

Cons

• Legal funding can be expensive.
• Some companies are dishonest about rates and terms.
• Some companies don’t have a payback cap. Coupled with compounding rates, this can balloon your lawsuit loan payback to several times what you borrowed.

How big can your cash advance be from Uplift Legal Funding?

Your cash advance can be anywhere between 5% and 20% of your potential settlement. This amount varies on a case-by-case basis. Cases with a high value qualify for a larger lawsuit loan. However, at Uplift, we always try to provide each individual with the amount of pre-settlement funding that is best for them. If we see that a client is impoverished and desperately needs a larger lawsuit loan, we will do our best to help them. Generally, we offer pre-settlement cash advances between $500 and $250,000. However, $250,000 isn’t our cap; if your case is worth more, we can grant more in funding.

What happens if your Washington lawsuit takes longer than expected?

If your lawsuit takes longer than expected, that is completely fine. We have set rates that do not change no matter how long it takes your case to settle. We charge rates between 17.5 and 22 percent. We only apply these rates once every six months, so there is a limit on how much you will be charged yearly.

Sometimes cases take multiple years to settle—five or even 10 years! Here at Uplift, we understand, which is why we put a cap on how much you will have to repay. For example, if you take out a $2,000 lawsuit loan and your rate is 17.5 percent per six months, the maximum you will have to pay back is about $6,300, no matter how long your case takes to settle.

Cases Uplift provides funding for

Here at Uplift, we provide pre-settlement funding for most personal injury cases. Below are just a few of the case types we fund in Washington:

• Washington car accidents
• Workplace injuries (FELA, Jones Act, construction accidents)
• Assault and battery
• Police brutality claims
• Premises liability claims

Notable Washington Personal Injury Lawyers

In order to qualify for legal funding, you must have a lawyer. If you are having difficulty finding one, we have provided a list of a few below. Each of the following law firms has positive reviews online:

Dubin Law Group
115 N 85th St Suite 202, Seattle, WA 98103
(206) 720-1501
Specialties: Medical malpractice, car accidents, truck accidents, motorcycle accidents

Brett McCandlis Brown & Conner PLLC
200 W Chestnut St, Bellingham, WA 98225
(360) 714-0900
Specialties: Wrongful death, bike accidents, pedestrian accidents, sexual abuse

Greaney Scudder Law Firm
203 Madison Ave, Kent, WA 98032
(253) 859-0220
Specialties: Trucking accidents, rideshare accidents, car accidents, motorcycle accidents

Washington Law Center
15 S Oregon Ave, Tacoma, WA 98409
(253) 201-0336
Specialties: Labor accidents, sexual abuse, wrongful death, catastrophic injury

Washington Locations We Serve

Our legal funding services extend across Washington, helping plaintiffs manage bills and expenses while their cases move forward.

We serve the entire state, including the following major city:

• Seattle Lawsuit Loans