Are you struggling to pay your bills because you were injured, unable to work, and in the middle of a personal injury lawsuit? At Pinnacle Legal Funding, we offer pre-settlement loans — also known as lawsuit loans — as a way for injured victims to receive financial support while they wait for their case to be resolved, whether through a settlement or court verdict.
You can use this pre-settlement funding to cover your treatment expenses, rent or mortgage payments, utilities, groceries, and other living costs — there are no conditions regarding how you spend this money.
With a strong presence in Rhode Island, you can get a settlement cash advance quickly from Pinnacle Legal Funidng, sometimes in just one day. To get started, contact our friendly team at 1-877-4-FUNDING, or use this online form. Don’t worry about proving income or undergoing credit checks since you owe us nothing unless you win your case.
Your Guide to Getting Fast Pre-Settlement Funding in Rhode Island
To support you during this challenging time, our legal funding company has made the loan process straightforward.
Initiating your application
Get in touch with us via a phone call or our website, and provide us with some basic information about your lawsuit, such as the details about your accident, your injuries, and your lawyer’s contact information. We support most types of civil claims:
- Motor vehicle accidents (cars, trucks, motorcycles, bicycles, pedestrians, trains, boats, aviation)
- Ride-sharing accidents (Uber, Lyft, Curb, VIA, Ola)
- Slip and fall accidents
- Product liability
- Dog bites and animal attacks
- Construction accidents
- Premises liability accidents
- Medical malpractice
- Defective drugs or medical devices
- Nursing home abuse
- Workers’ compensation
- Wrongful death
Reviewing your case
We will talk with your attorney to get a deeper insight into the strengths of your lawsuit, the likely timeline, and the expected settlement amount. This allows us to understand your situation to make the best decision possible.
We know that you need this settlement funding fast, so we work around the clock to do our due diligence. You can help speed up this process by contacting your attorney beforehand and letting them know that you need a pre-settlement loan, thereby authorizing them to speak with us.
Determining your loan amount
If your case shows a strong likelihood of success, we will move forward with your application within 24 to 48 hours. The amount you can receive is calculated based on the specifics of your lawsuit (such as your shared fault/liability and your total damages) and your financial needs; the loan could be typically anywhere from $500 to $100,000 or more. Our goal is to provide enough support to ease your financial worries.
Agreeing to the loan terms
With the loan amount decided, we will present you with a contract that outlines the terms of your loan, emphasizing that repayment is only required if you win your case or receive a settlement. You and your attorney should review these terms to ensure you agree with everything.
Receiving your funds
After the contract is signed, we will send you the check or deposit the money into your account, whichever is most convenient for you. For most personal injury claims, our clients can receive legal funding within 24 hours.
Repayment after settlement
With our non-recourse funding, you can relax knowing that repayment for your Rhode Island lawsuit loan is simply deducted from your final settlement or jury award. What is left is entirely yours to keep!
Once your attorney receives your compensation, they will take care of repaying us from that amount. Forget about monthly fees, the risk of not being able to pay, or the obligation to pay us back if your personal injury claim is not successful. This is what makes our Rhode Island lawsuit loans completely risk-free for you.
Your Interests in Rhode Island are Protected Under Anti-Usury Laws
To protect borrowers like you from predatory lending practices, the state has created a set of anti-usury laws under Chapter 6-26 of the Rhode Island General Laws. These laws specify a maximum allowable interest rate that lenders can charge on pre-settlement lawsuit loans to ensure that people in need are not exploited with unreasonably high interest charges, which can lead to debt traps and financial ruin.
Pinnacle Legal Funding strictly follows these state-mandated interest rate caps. You can rest assured that we will never exploit your vulnerable situation.
Things You Should Know Before Applying for Pre-Settlement Funding in Rhode Island
You must file your lawsuit within three years
The statute of limitations for most personal injury cases in Rhode Island is three years from the date on which your accident occurred. There are a few exceptions. For example, if the injured victim is a minor, the injury was only discovered after the statute had passed, or the defendant is a government agency, different statutes apply.
Filing your case within this deadline is important not only to have a valid claim but also because a settlement loan is only available to personal injury plaintiffs who have an active lawsuit.
Your compensation will be reduced by your percentage of fault
Under Rhode Island’s “pure comparative fault” rule, if you are found to be partially responsible for your accident injuries, the monetary damages you can obtain from the at-fault party will be reduced accordingly. For example, if you are awarded $50,000 but you are also assigned a 20% blame for the accident, that 20% will be deducted from your compensation, leaving you with $40,000. When you are applying for a lawsuit cash advance, this factor will be considered when calculating the amount of money you can borrow.
Your attorney should be representing you on a contingency basis
The term “contingency” means that your lawyer works on a “no win, no fee” model. They will only get paid if you win your lawsuit or settle the case, and their fee is a percentage of the award you get. As a result, these attorneys evaluate a case thoroughly before agreeing to represent a client as they have a direct financial stake.
For lenders like us, this is a positive sign that indicates that your lawyer believes your claim has a strong chance of success. It makes it easy for us to approve your application — after all, we rely on your successful outcome to get repaid. If you do not have a lawyer and have decided to represent yourself, it might be challenging to get approved for a lawsuit loan in Rhode Island.
Why Choose Pinnacle Legal Funding for Your Lawsuit Loan Needs?
At Pinnacle Legal Funding, we understand the financial stress that accompanies a personal injury lawsuit. When you are injured, not only are you facing medical bills that can quickly add up, but you may also be unable to work, cutting off a vital source of income. This situation can create a monumental burden as you try to manage your regular living expenses on top of new, unexpected costs like prescription medications, rehabilitation fees, and potential changes to your home to accommodate your injury.
These cases can take a long time to resolve, so the pressure to settle early for a lower amount can be high, simply due to the immediate need for financial assistance. This is what we are here for. When you are in urgent need of cash, reach out to us.
- We do not ask for any collateral.
- You can use the loan as you see fit, be it to pay for your injury care, utilities, mortgage, children’s school fees, or anything else.
- Our application process is completely online. You can get started within a few minutes.
- Most applicants are approved for litigation funding within 24 hours.
- You will always know the costs and the process upfront — no hidden charges or dishonest practices.
- We offer some of the lowest interest rates in the industry (as low as 2%).
- Your credit score does not matter, only your case’s merit does.
- You pay back the loan only when your case settles. We shoulder 100% of the risk.
We operate in all 39 states where lawsuit funding is legal, including Rhode Island. We are well-versed in local regulations, offering you the best service at all times, no matter where you are located. Since we exclusively offer non-recourse loans, you are never personally liable for the debt. We never charge compound interest — only simple interest on your pre-settlement funding amount.If you have any questions, call us at 1-877-4-FUNDING or contact us online. You can also apply directly using this free application form.