Arizona lawsuit loans represented by three men in suits having a discussion around a table upon which a judge's gavel sits

Arizona Lawsuit Loans

Are you anxiously awaiting the conclusion of your Arizona lawsuit, hoping for the financial relief it will bring? The wait can be especially arduous, stretching from weeks to months, even years. However, there’s hope—pre-settlement funding in Arizona. This option can provide you with the funds you need today, thus alleviating some of the stress you may be experiencing in your personal or business finances.


Overview of Arizona Lawsuit Loans

An Arizona lawsuit loan is crucial financial support if you’re involved in a lawsuit. These loans, a form of pre-settlement funding, grant you access to a portion of your anticipated settlement. You can then use this money to cover essential personal expenses or ease a cash flow crunch in your small business as your case progresses through the legal system. Importantly, the settlement will repay the loan, ensuring the safety of your income and personal assets.

Qualifying for an Arizona Lawsuit Loan

You need an attorney to qualify for your lawsuit loan. Moreover, the case must be strong and likely to result in compensation. The size of your lawsuit loan is determined by various factors, including the lawsuit’s strength, the settlement’s potential size, and how long the case might take.

The lawsuit loan lender will work closely with your attorney to ensure the process goes smoothly. If the loan is approved, your funds may be deposited into your bank account within 24 hours.

Arizona Lawsuit Loan Regulations

Various regulations will affect your lawsuit based on the type and source of the injury. For instance, if you were in a car accident, you should understand the minimum auto insurance and fault laws.

Accident Fault Rules

Arizona has a pure comparative fault standard that allows injured parties to obtain damages even if they are partially at fault for the accident. However, your settlement will be reduced based on your percentage of fault. This law applies to auto accidents and other incidents that cause personal injury in Arizona. Your chances of receiving a lawsuit loan in Arizona are higher if you can prove that you weren’t responsible for the accident.

Arizona Statute of Limitations

You have two years from the date of injury to file a personal injury lawsuit in Arizona. Usually, the plaintiff forfeits their right to file a personal injury claim when the two-year period expires. However, you could have longer to sue if you were not initially aware of your injuries. In this case, the two-year time limit would start when you became aware of the injury.

Auto Insurance Limits

All states have minimum amounts of insurance that all drivers must carry. In Arizona, the minimum amount is $15,000 in bodily injury per party, $30,000 in bodily injury per accident, and $10,000 in property damage per incident. You should fully understand the insurance limits before you file a personal injury lawsuit in Arizona.


Arizona Lawsuit Loan Costs

If you get a lawsuit loan, the amount you pay for the service will be a percentage of your anticipated settlement. The loan documentation will include a statement about the rate. The lawsuit settlement is collateral for the loan. It will also repay the loan. It is a non-recourse loan, so you have no personal liability for paying the loan back from your personal assets.