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How Long Does It Take to Get a Lawsuit Loan?

January 23, 2021

When you have an active pending lawsuit, you know that it will take some time before receiving a conclusion. That’s why lawsuit loans are designed to help get you the cash you need now. 

Litigation takes time, regardless of how clear-cut your case may seem. Even when you have a strong case, you know it can take months—or even years—until you get a decision. Fortunately, it’s never been easier for qualified applicants to get access to the funds they need, now. Read on if you’re interested in learning about how long it takes to get a lawsuit loan. 

Lawsuit Loan Application Process: How Long Does it Take?

Lawsuit loans were invented to help relieve the financial burden of personal injury victims with active pending civil litigation. By providing you with a forward on the compensation you expect to receive at the conclusion of your lawsuit, you’re able to cover the bills you have now. 

After all, just because you’re injured and can’t work doesn’t mean your auto, home, and medical bills don’t need to be paid.

The lawsuit loan industry is still relatively new, but it’s growing rapidly due to the clear benefits it has over other types of traditional lending. In fact, at some lenders, you might be able to get access to your funds just hours after your application has been processed. So, to answer the question, “How long does it take to get a lawsuit loan?” the answer is— for many, not long at all. 

Factors in Lawsuit Loan Applications

Lawsuit loan providers take a few key factors into consideration when deciding whether an applicant is qualified—and no, your credit score isn’t one of them. For lenders, the most important element for granting a lawsuit loan is the strength of your case. 

If you have a strong claim for financial remedies, you’re likely to be a competitive applicant. In order to apply, it’s also necessary to have active pending legislation, and have an attorney to sign off on your application. 

What Happens if I Lose My Case?

The good news about lawsuit loans is that, as a form of non-recourse lending, you won’t get stuck footing the bill if you lose. Lawsuit loans, unlike traditional loans, can hold only the value of your future award as collateral. This means that, if you lose, you owe us nothing—allowing you to enjoy the benefits of a forward on your compensation, with none of the risk. 

Contact a Lawsuit Loan Company Today

At Money First Lending, we’ve built our business around a desire to provide a source of transparent, responsible consumer litigation funding in our community. We know what it’s like to make hard choices—but we hope the decision to go with Money First Lending is not one of them. 

Call 702-623-3333 or fill out the form below to contact us today for your Las Vegas lawsuit loan needs.