Get Pre-Settlement Legal Funding in Pennsylvania within 24 Hours

Mayfair Legal Funding offers quick pre-settlement legal funding in Pennsylvania which you can access at any stage of your lawsuit. With low non-compounding interest rates and no upfront charges, we can provide a lawsuit loan for your personal injury claim including vehicle collisions, medical malpractice and many more types of legal cases.

Mayfair Legal Funding, recognized for its positive reviews, distinguishes itself by actively supporting the local community in the Keystone State through the provision of cash advances. These advances, ranging from $500 to $1,000,000, are tailored to the specific details of each ongoing case. Mayfair specializes in funding various case types, including car accidents, medical malpractice, personal injury claims, and commercial litigation, among others.

Operating across the entire state of Pennsylvania, Mayfair streamlines the approval process with a simple application form and a prompt yet thorough evaluation. Clients can secure a cash advance within 24 hours, addressing immediate financial needs during legal proceedings. These funds are versatile and can be used to cover a range of expenses, including medical bills, property damage, vehicle repairs, rent, and lost wages.

Mayfair’s lawsuit loans in Pennsylvania are structured as non-recourse loans. By utilizing future compensation as collateral, this approach acknowledges the inherent uncertainties in legal outcomes, providing a risk-free repayment guarantee. Mayfair only requires repayment upon a successful case resolution, showcasing a client-centric approach and offering financial relief. In the unfortunate event of a lost case, clients are exempt from repayment obligations, underscoring Mayfair’s commitment to a funding solution that prioritizes clients and minimizes risks.

Take the initial step towards securing pre-settlement funding with Mayfair Legal Funding. Contact our dedicated team today at (866) 357-1338 or reach out through our online form for any questions or concerns.

Pennsylvania Lawsuit Loans FAQ's

Yes, pre-settlement loans are a safe option in the United States including Pennsylvania. Pre-settlement loans or lawsuit loans are non-recourse in nature and comes with a secure, risk-free repayment structure. You will only be required to repay your legal funding company once you win your case since your settlement serves as your loan’s collateral. If your case is unsuccessful, you are not obligated to repay the loan.

Yes, you must be represented by a qualified attorney to obtain a pre-settlement loan. Legal representation not only helps your case but also helps you secure a more substantial settlement package that benefits both the borrower and the lender. Your attorney will be receiving the compensation packing and will be paying your provider from this settlement. After he deducts his legal fees, the rest of the remaining amount is sent to you.

In Pennsylvania, personal injury settlements are generally non-taxable however, there’s an exception to this rule.  If the settlement is for lost wages, wrongful termination, back pay, or compensation for loss of business, it may be taxable. It’s advisable to consult your attorney for more information on the tax implications of your case and the potential changes in tax laws.

You have the flexibility to use the funds according to your needs and priorities. This includes various purposes such as medical expenses, legal fees, debt settlement, transportation, home modifications, educational costs, and everyday living expenses. The funds aim to ease the financial strains associated with being engaged in an ongoing lawsuit.

Classified as a non-recourse loan, lawsuit loans ensure that repayment is only required upon winning your case. Once your attorney receives the compensation check, they manage the fund disbursement process. After repaying the funding company’s share from the settlement, your attorney deducts their fees and forwards the remaining settlement amount to you.

If you lose your case, you are not obligated to repay the loan. Mayfair Legal Funding understands the risks and doesn’t require you to repay the loan. You won’t owe your legal funding company.

Steps To Get Your Legal Funding

To ensure and quick and easy experience in getting your lawsuit loan, we have optimized our application process into three simple steps:

  1. You Apply: Visit our Apply Now page to provide the details of your case, contact information, as well as of your attorney. Our process includes no credit check, no income verification, no hidden fees and no upfront costs.
  2. We Review: Our team of experts will evaluate your case and we will work closely with your attorney to ensure we don’t miss anything.
  3. You Get Funded: Mayfair Legal Funding will then send a contract outlining the terms. Once signed, you receive your cash quickly and securely.

Our goal is to deliver your funds directly to you within 24 hours of applying and your next moves are key to expediting the process. After sending in your application, immediately inform your attorney of your application with Mayfair Legal Funding and grant them authorization to communicate with us.

About lawsuit loans in Pennsylvania

Lawsuit loans, also known as legal funding or pre-settlement funding, are a financial lifeline for individuals involved in legal disputes, including those in the state of Pennsylvania.

These unique financial instruments provide plaintiffs with the means to cover their living expenses and other financial obligations while their lawsuits are pending.

The key benefit of a lawsuit loan is that it provides immediate financial relief when plaintiffs need it most. Legal battles can be lengthy and financially draining, such as medical bills, and other expenses that can pile up. Lawsuit loans can help ease this financial burden, allowing plaintiffs to focus on their cases without worrying about their finances.

What types of lawsuits can you get a loan for?

Lawsuit funding is available for a broad range of personal injury cases, including car accident lawsuit loans, which are among the most common.

Other types of legal funding cover workers’ compensation, negligence, defective products or drugs, slip-and-fall accidents, premises negligence, police brutality, commercial truck accidents, employment and labor law violations, whistleblower (Qui Tam complaints), defective medical devices, and wrongful arrests.

The loan terms and conditions are typically guided by the complexity of the case and the advice of an attorney and the funding company.

How Mayfair Legal Funding Can Help

At Mayfair Legal Funding, we’re focused on offering pre-settlement funding for a wide range of legal cases in the state, including personal injury, premises liability, auto accidents, and medical malpractice. Our expertise allows us to handle the unique aspects of your lawsuit effectively, and we’ve received high praise from numerous clients for our support.

A Financial Bridge in Tough Times

We provide essential financial support while you’re awaiting the outcome of your personal injury or other plaintiff’s claim, aiming to ease the stress associated with these periods by offering a financial lifeline.

Merit-Based Approvals

Your eligibility for funding from Mayfair is determined by the strength of your case, not your credit score or income level. We collaborate with your attorney to review your case swiftly, ensuring a risk-free process with funding secured against potential claim proceeds, not your personal assets.

Swift Application Process

Recognizing the importance of time, our application procedure is streamlined for speed and efficiency. Funds are typically dispersed within 24 hours post-approval, ensuring you receive the financial help promptly.

Transparent and Superior Service

Our dedication to clarity, fairness, and exceptional customer care distinguishes us. We’re committed to guiding you through the funding process with transparency and to providing comprehensive support and understanding.

Repayment Conditional on Success

We don’t have any upfront sign-up charges, and we operate on a “No Win, No Fee” basis, meaning you only repay if you win your case. This policy underlines our commitment to your success, with no hidden charges, even in the event of a loss.

Secure and Regulated Services

Mayfair adheres to strict regulatory standards, valuing your privacy and confidentiality above all. We maintain the highest accreditation levels and ensure your information is always protected.

Educational and Financial Guidance

To aid our clients further, we offer extensive resources and free consulting to better understand lawsuit financing. Our experts are here to help you make well-informed decisions.

Mayfair Legal Funding – Your Ally for Justice

Our client-focused approach includes a robust complaint resolution system, ensuring any issues are addressed efficiently. Mayfair Legal Funding stands as more than just a funding source; we’re a dedicated ally in your pursuit of justice, committed to helping you secure the financial stability you need during your legal journey.

Are Lawsuit Loans Legal in Pennsylvania?

Lawsuit loans are legally recognized in Pennsylvania and receive endorsement from state courts. Mayfair is dedicated to helping the local community by offering lawsuit loans to plaintiffs who are financially affected by their lawsuits. Mayfair is committed to complying with the relevant laws and regulations that govern legal funding practices. By strictly adhering to these laws, Mayfair ensures the protection of all parties involved. Mayfair distinguishes itself by providing plaintiffs in Pennsylvania with cash advances at the lowest rates while upholding the highest standards.

Pennsylvania Laws and Regulations

Pennsylvania does not have specific legislation explicitly dedicated to the regulation of lawsuit loans. Instead, the state relies on its general contract and usury laws to guide the activities of lawsuit funding providers.

Under this framework, these providers are obliged to operate within the bounds of these broader contract laws when crafting agreements with plaintiffs, emphasizing transparency and the establishment of fair terms.

Pennsylvania’s interest and usury laws are paramount in this context, placing a cap on the interest rates applicable to loans. These laws enforce a maximum interest rate of 6% per annum. The primary aim is to shield consumers from the perils of excessively high and inequitable charges.

In addition to these financial safeguards, lawsuit funding providers that are active in Pennsylvania are also subject to the state’s consumer protection laws. These regulations are strategically designed to thwart deceptive practices and ensure that plaintiffs are equipped with a thorough comprehension of the terms and costs linked to their funding.

To illustrate, when securing a lawsuit loan in Pennsylvania, it is obligatory for the funding company to provide clear and comprehensive disclosures regarding the interest rate, any associated fees, and the specific terms governing repayment within the agreement.

Understanding these laws and regulations is of paramount importance for anyone contemplating a lawsuit loan in Pennsylvania. They serve as crucial safeguards, shielding consumers from predatory lending practices and assuring that funding agreements are marked by fairness, transparency, and ethical conduct.

Secure Your Pennsylvania Lawsuit Loan with Mayfair Legal Funding Today

Unlike other loans, lawsuit loans are structured as non-recourse loans. This uses your future compensation as collateral, indicating that by acknowledging the uncertainties that come with legal outcomes, Mayfair offers a risk-free repayment guarantee. Until you win your case, Mayfair doesn’t get paid and if you lose your case, you are free from the burden of repayment.

Do I Qualify For Pennsylvania Legal Funding?

To be eligible for legal funding in Pennsylvania, you must meet three fundamental criteria:

  1. You must be at least 18 years old.
  2. You must have legal representation operating on a contingency basis.
  3. You must be actively involved in an ongoing legal lawsuit.

Having legal representation is essential when seeking legal funding, as it plays a crucial role in protecting the interests of all parties. Plaintiffs with legal representation are more likely to achieve favorable outcomes compared to those without representation. Additionally, attorneys possess negotiating skills that contribute to securing a potentially larger settlement amount.

How Much Does a Lawsuit Loan Cost?

The expense of a lawsuit loan is tailored to each case, with Mayfair charging a fixed interest rate rather than the compound interest commonly utilized by traditional loans. This decision is aimed at ensuring clients receive the most competitive rates possible. While specifying an exact percentage is challenging due to the case-specific nature of the loan, Mayfair is committed to securing a positive outcome for clients. The primary objective is to assist individuals in maintaining a comfortable lifestyle and addressing financial needs during the waiting period for case settlement. Mayfair determines the interest rate based on factors such as:

  1. Case Complexity
  2. Anticipated Duration
  3. Expected Compensation Amount
  4. Overall Strength.

It’s crucial to understand that legal funding rates lack the same regulations as traditional loan rates, and variations among lenders should be taken into account when comparing offerings from different providers.

How Long Does a Lawsuit Loan Take

Each legal funding company operates under different approval processes. The disbursement of funds is typically sent within 24 hours or more depending on which company. It’s an important factor to consider when searching for the right funding company to provide financial assistance. Some providers have a simplified process while others require more time for assessment. We recommend exploring the differences within each legal funding company to find the one that best suits your needs.

How Much Money Can I Legally Get in Pennsylvania?

After we review your application, we will give you an overview of the potential funds you can receive. Mayfair provides lawsuit loans from $500 to $1,000,000 which is contingent on the details of your case. You will be presented with a contract stating the exact loan amount and fixed interest rate. Mayfair values fairness and transparency which is why we can assure you that there are no hidden charges. If you have any inquiries regarding lawsuit loans, don’t hesitate to reach out to our team.

Applying for your Pennsylvania Settlement Loan is Free

Click the Apply Now button on the top right of your screen to get started or call us at (888) 357-1338 to speak with a helpful and friendly funding specialist. Applying for pre-settlement legal funding with Mayfair is completely FREE. We specialize in funding Pennsylvania settlement loans and can quickly qualify you and get the ball rolling for your case. All you need to do is simply provide the facts about your case and the contact information of your attorney.

We offer Pennsylvania settlement loans near you in the following locations and more:

  • Philadelphia
  • Pittsburgh
  • Allentown
  • Erie
  • Reading
  • Scranton
  • Bethlehem
  • Lancaster
  • Harrisburg
  • Altoona

We look forward to assisting you with your lawsuit so that you can get the compensation your case merits to cover your expenses.

Pennsylvania Updated Auto Accident Statistics

In recent years, Pennsylvania has witnessed notable fluctuations in its auto accident statistics. In 2019, the state recorded a historic low in traffic fatalities, with only 1,059 reported, marking the lowest figure since its record-keeping began in 1928.

However, this trend took an unfortunate turn in 2020 when, despite reduced roadway traffic due to various factors, fatalities increased to 1,129. The situation continued to worsen in 2021, with a further rise to 1,230 fatalities. Fortunately, in 2022, the state saw a reversal in this trend, with a 4% decrease, bringing the total fatalities down to 1,179.

The table presented below, sourced from the recent Pennsylvania Crash Information Tool report, serves as a valuable resource. It enables the general public to access frequently requested crash data, thereby offering valuable insights into the state’s road safety environment.

Year Traffic Fatalities
2019 1,059
2020 1,129
2021 1,230
2022 1,179
Top-Ranked Pennsylvania Personal Injury Lawyers

1. Michael van der Veen, van der Veen, Hartshorn & Levin
609 Hamilton Street Suite 7
Allentown, PA 18101

2. John Zervanos, Soloff & Zervanos, P.C.
1525 Locust Street 8th Floor
Philadelphia, PA 19102

3. James E. Beasley, Jr., MD., The Beasley Firm, LLC
1125 Walnut Street
Philadelphia, PA 19107
(215) 650-8512

4. Anthony J. Baratta, Baratta Law LLC
3500 Reading Way
Huntingdon Valley, PA 19006

Hiring a competent, experienced licensed injury attorney in Pennsylvania is vital to ensure the success of your personal injury claim. These professionals possess the knowledge and expertise needed to navigate the intricacies of the legal system in the state.

Here’s why their representation matters:

  • In-Depth Knowledge of Pennsylvania Laws. Personal injury laws can vary significantly from one state to another. A local attorney is well-versed in Pennsylvania’s specific laws, regulations, and legal precedents, ensuring that your case is handled effectively.
  • Experience with Insurance Companies. Seasoned personal injury lawyers have dealt with insurance companies numerous times. They understand the tactics used by insurers to minimize payouts and can negotiate on your behalf to secure a fair settlement.
  • Legal Expertise. Personal injury cases often involve complex legal processes, including filing court documents, gathering evidence, and presenting a compelling case in court. An experienced attorney can guide you through these processes with precision.
  • Case Assessment Competent attorneys can evaluate the strength of your case and provide realistic expectations. They can advise you on whether to settle or pursue a lawsuit, always keeping your best interests in mind.
  • Maximized Compensation. With their negotiation skills and knowledge, licensed injury attorneys work to maximize your compensation. They aim to ensure you receive the compensation you deserve for your injuries, medical expenses, lost wages, and pain and suffering.

When facing a personal injury claim in Pennsylvania, seeking the services of a top-ranked, licensed injury attorney can significantly enhance your chances of a successful outcome. Their expertise and advocacy are essential in securing the compensation you need to recover from your injuries and move forward with your life.

If you’re ready to apply, reach out to our dedicated team today at (866) 357-1338, or connect with us through our online form for any inquiries or concerns.