If you’re interested in taking lawsuit loans from third-party lenders then you need to know the requirements. This article explains what information you’ll need while applying online for a settlement loan with pre-settlement financing companies like ours. If you have any questions regarding the requirements to apply for a settlement loan a read of this article will help you with all the queries.
Details Needed While Applying for a Lawsuit Settlement Loan
Below is a list of all the different details that companies like America Lawsuit Loans will need to help you get the best settlement loans. Just check the bullet points mentioned below, those are some initial details that a company may ask for.
Lenders may contact you for additional information; however, they’ll most likely get that information from your attorney.
- Plaintiff’s Full Name
- Plaintiff’s Address
- Plaintiff’s Contact Numbers
- Plaintiff’s E-mail Address
- Attorney’s Full Name
- Attorney’s Firm Name
- Attorney’s Firm Address
- Attorney’s Contact Numbers
- Date of Incident, Accident, or Injury
- Detailed Description of the Incident
- Detailed Description of Injuries, Losses, or Damages
- Requested Loan Amount
Plaintiff’s Full Name
The full legal name of the plaintiff on the lawsuit case documents would be the actual person’s name applying for the settlement loan and who would be responsible for paying it back if the case reaches a verdict in their favor.
The current legal address of the plaintiff on the lawsuit case documents needs to be your current address; you do not have to use the address on your case documents since you may have relocated since the start of your lawsuit.
Plaintiff’s Contact Numbers
For the current telephone, mobile, or working number of the plaintiff on the lawsuit case documents, you must provide at least one phone number. We suggest a home or mobile number so you do not have to discuss your settlement loan at work.
Plaintiff’s E-mail Address
A valid e-mail address of the plaintiff on the lawsuit case documents, you need to provide an e-mail address that you check often. You may need to respond to specific things via e-mail to complete your settlement loan request.
Attorney’s Full Name
The name of the attorney that is currently handling your pending lawsuit is crucial information since the lawsuit settlement loan lender needs to speak if your attorney before approving any money to the plaintiff.
Attorney’s Firm Name
The name of the firm your attorney works under is required to verify information regarding your attorney and any past cases he may have handled. In most cases, only the attorney will need to be contacted.
Attorney’s Firm Address
The address of your attorney’s firm would be the location where the attorney handling your pending lawsuit works out. However, you should verify with your attorney that the firm’s main address.
Attorney’s Contact Numbers
You must provide a contact number and a fax number for the attorney handling your pending lawsuit; this is required to send over any documents that need to be signed or reviewed before approving your lawsuit loan.
Date of Incident, Accident, or Injury
The date of the occurrence is listed on your case’s legal documents. For example, if you were in a car accident this would be the date the accident happened. This should match whatever the court documents claim.
Detailed Description of the Incident
You’ll need to provide a clear, detailed summary of what happened. The more details you provide the better chance of you getting approved or helping speed up approval. For example, if you were in a car accident you would want to explain where it happened, how it happened, accident conditions, or other useful information regarding how the incident took place.
Detailed Description of Injuries, Losses, or Damages
You’ll need to provide a clear, detailed summary of what losses, damages, or injuries the plaintiff received during the incident. You should provide everything that is mentioned in your legal case documents, and do not include stuff that is not being sought after in your current lawsuit.
Requested Loan Amount
The actual amount of money you wish to receive, remember you can only receive up to a certain percentage of what your lawsuit is worth. This is standard with almost all settlement loan providers. You can request to get an offer and see the maximum amount you can receive and decide on an amount after that.
How to get started and apply for a settlement loan?
If you have all of the above information available you can use the online application to submit your settlement loans request.
We’ll review your information and provide it to experts present at our company and find you the best deal.
All the above-given information is going to count off some importance while filling for lawsuit loans, hence always place the correct details, any error to the documentation can get your application for legal funding rejected.