The HURT911® personal injury pre-settlement loan calculator for personal injury lawsuits and comparison tool will show you:
- How much your lawsuit loan will cost (how much interest you will pay for your lawsuit loan).
- How much money you will pay back to payoff your lawsuit loan.
- How much you will receive at the end of your case after your lawsuit loan is paid off.
- How much money you will really receive after your lawsuit loan is paid off.
- How much you would receive at the end of your case if you do not get a lawsuit loan.
- Compares the interest, expenses, and costs of one lawsuit loan company vs. another lawsuit loan company so you can see which is the best lawsuit loan.
This is the only pre-settlement loan calculator on the internet that will give you all the information you need about your pre-settlement lawsuit loan and the only calculator to compare one lawsuit loan company vs. another lawsuit loan company.
We are personal injury lawyers. We are not a pre-settlement funding company which means the HURT911® lawsuit loan calculator is unbiased.
To get all the information, you have to enter a little more data than other calculators, but you can leave some fields blank and get a little less info. See the instructions below to enter data in the fields.
How Do I Know If I Can Get a Personal Injury Pre-Settlement Lawsuit Loan?
If you’re injured in an accident because of the negligence of someone and/or a company, you may need to borrow money with a lawsuit loan. Lawsuit loans are only available if you have a personal injury lawyer representing you.
What Is a Personal Injury Pre-Settlement Lawsuit Loan?
Lawsuit loans are really not loans. They are an early advance of some of your settlement money, also known as a pre-settlement advance, lawsuit cash advance, and lawsuit funding. They are technically non-recourse notes or agreements. See how pre-settlement funding is described in this article about a class-action lawsuit against Oasis Legal Finance which provides pre-settlement funding for personal injury lawsuits.
The advantage of it not being a loan is that you don’t have to pay it back if your personal injury case is not successful.
The disadvantage is that lawsuit loan companies can charge more interest than allowed for a loan because they are taking the risk of losing all their money if your personal injury case is not successful.
Should I Borrow Money on My Personal Injury Case?
There are a lot of times when getting a lawsuit loan is beneficial, times when it is not, and times when it can even hurt your personal injury case or result in you losing your case. Please see our article, Lawsuit Loan FAQs, to find out if a lawsuit loan is good for you.
How To Use The Lawsuit Loan Calculator
Compare Lawsuit Loans Cost to Determine Which Is the Best Lawsuit Loan
Use the lawsuit loan calculator just to see how much a lawsuit loan will cost you or to compare the interest and costs of one lawsuit loan company vs. another lawsuit loan company. If you’re not looking to compare lawsuit loans, you can enter the data for just one.
COMPANY A already has the Monthly Rate (2.5%), Annual Monitoring Fee ($100), Compounding Method (Annual), and Application fee ($400) entered for the lawsuit pre-settlement loan company we use. The lawsuit funding company we use charges a one-time $100 Annual Monitoring Fee no matter how many times you get a cash advance and uses an annual Compounding Method, which will cost you less.
Entering Your Data In The Lawsuit Loans Calculator
The lawsuit loan calculator already has the information entered for an actual case we just settled (our client had a broken finger in a construction accident) to show you an example of the cost between two lawsuit settlement cash advance companies. Please change the amounts to your situation.
- Case Settlement > Enter the amount you think your case will settle for.
- Legal Fee > The default is already set to 1/3 for New York and most states.
- Expenses > Leave blank if you can’t estimate. Enter the estimated amount of case expenses. Depending on your settlement amount, a range of $1,500 to $15,000 is fairly typical.
- WC & Medical Liens > Leave blank if you can’t estimate. WC is your Worker’s Compensation lien if you were working when you were injured. You can estimate the amount WC paid for your medical treatment and deduct 1/3 for a lien reduction to get an estimate to enter.
- Annual Monitoring Fee > Find out what the lawsuit pre-settlement funding companies will charge. You can leave this blank if you don’t know it.
- Compounding Method > Find out which method the lawsuit pre-settlement funding companies will use.
- Settlement Date > Enter the approximate date you can estimate for when your personal injury case will settle.
- LAWSUIT FUNDING COMPANY A > Press the Clear All Data button to enter your own data. Then enter the Date, Amount, Application Fee, and Monthly Rate of at least one funding (aka cash advance, aka lawsuit loan). On smartphones, move the screen left to enter the Monthly Rate.
- To Compare Two LAWSUIT FUNDING COMPANIES > Enter the Application Fee and Monthly Rate for COMPANY B.
After using the lawsuit loan calculator enter the lawsuit loan Payoff Amount in our Personal Injury Settlement Calculator.
Questions or suggestions? Please leave a comment below.
The Personal Injury Lawsuit Loans Calculator
| Funding | Date of Funding | Amount Funded | Application Fee | Monthly Rate | Payoff Amount |
|---|---|---|---|---|---|
| 1 | $0.0 | ||||
| 2 | $0.0 | ||||
| 3 | $0.0 | ||||
| 4 | $0.0 | ||||
| 5 | $0.0 | ||||
| 6 | $0.0 | ||||
| 7 | $0.0 | ||||
| 8 | $0.0 | ||||
| Total Funded | $0.0 |
| Funding | Date of Funding | Amount Funded | Application Fee | Monthly Rate | Payoff Amount |
|---|---|---|---|---|---|
| 1 | 08/06/2021 | $0.0 | $0.0 | ||
| 2 | 08/06/2021 | $0.0 | $0.0 | ||
| 3 | 08/06/2021 | $0.0 | $0.0 | ||
| 4 | 08/06/2021 | $0.0 | $0.0 | ||
| 5 | 08/06/2021 | $0.0 | $0.0 | ||
| 6 | 08/06/2021 | $0.0 | $0.0 | ||
| 7 | 08/06/2021 | $0.0 | $0.0 | ||
| 8 | 08/06/2021 | $0.0 | $0.0 | ||
| Total Funded | $0.0 |
Attorney Philip L. Franckel, Esq., personally authored this page and all articles on NYSeriousInjuryAttorneys.com.
Phil Franckel is a well-known personal injury lawyer in New York since 1989. He is a Founding Partner of 1-800-HURT-911, LLP®, the Personal Injury Dream Team™, and a former Member of the Board of Directors of the New York State Trial Lawyers Association. He has an Avvo Top 10 Rating, Avvo Client’s Choice Award with all 5-star reviews, Avvo Top Contributor Award, Multi-Million Dollar Trial Lawyers Award, and others. See Mr. Franckel’s bio for areas of expertise.
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Philip L. Franckel, Esq. is one of the HURT911® Dream Team™ Founding Partners at 1-800-HURT-911® New York; He has a 10 Avvo rating; Avvo Client’s Choice with all 5-star reviews; Avvo Top Contributor; and a former Member of the Board of Directors of the New York State Trial Lawyers Association.
Founding Partner Rob Plevy, Esq.
Robert Plevy, Esq. is one of the HURT911® Dream Team™ Founding Partners at 1-800-HURT-911® New York. Rob began his legal career in 1993 as an Assistant Corporation Counsel defending The City of New York against personal injury lawsuits.
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