If you are looking for a legal line of credit, you will have plenty of options available to consider.  Many people search for this type of help when they are facing criminal or civil suits.  Of course, there may be some things you will need to do to make sure you can even qualify for such help.  While you can just do random online searches to see what you can find, it’s not very effective in most cases.  Let’s look at how to get a legal line of credit and include some non-traditional methods that you may not have considered in the past.

Through Attorneys

Believe it or not, some attorneys, especially the more prominent ones, will help you out with a legal line of credit if you use their services.  To find out who offers this type of service in your area, make some phone calls or search online.  To make sure you ask for this type of service upfront, so you don’t waste your time meeting with a lawyer, only to find out that they will not extend you a legal line of credit.  It will save you a lot of time and headache when you narrow the field from the beginning.  Best of all, you can get lawyer advice free by phone.

Through Law Firms

Like individual attorneys, law firms will sometimes extend a legal line of credit to those that can qualify.  In some cases, they may not only look at your situation, but the lawyer’s track record and case history as well.  This is important to keep in mind, since it means you must select an attorney that is very capable of handling your case.  So, not only will you be searching for financial help, but also for a great attorney with a  proven record of success in cases similar to the ones you are facing.  This works well for representation for denied health benefits.

Through Banks

You can apply for a loan, which could essentially serve as a legal line of credit, if you dedicate the loan to this type of service.  This is not a traditional method, but it is just as effective as going through an attorney in most cases.  You will need to meet strict bank requirements to get this type of assistance.  This will generally not vary at all through banks, but they could, at least in theory, bend a bit if you have a very good case, since it could improve their odds of getting their money back from you.

Pay if You Win

This is not exactly the same thing as a legal line of credit, but it can serve the same basic type of purpose.  This will generally only apply to civil cases, when you are the plaintiff, but there could be some exceptions made.  In general, you will pay a percentage of your winnings, but nothing should you lose your case.  Keep in mind that you could be required to pay as much as 50% of your case winnings through attorneys and law firms that offer this type of help.  It’s a viable alternative to a legal line of credit for many people, but it can cost you a lot of the money you could potentially be awarded.  Since the attorneys and law firms stand to gain a lot of money this way, they are more likely to extend you a legal line of credit.  It can work no matter what you are looking for, including dog bite cash.

How to Qualify

If you are looking for a legal line of credit, whether to defend of file a lawsuit, or to protect yourself from criminal charges, you will generally need to meet some basic requirements.  Let’s look at some of those qualifications right now, so you can effectively decide whether or not to apply for this type of help.

Score/Ranking:  You will need to have a good payment history and score to qualify for this type of loan (which is essentially what this is).  Remember there are no guarantees that you will win your case, so the banks, firms, or lawyers must make sure that you will still be able to pay them if you don’t win your case.  The law can be tricky, so this comes as no surprise to most looking for a legal line of credit to help them get through their tough times.

Strong Cases:  Don’t waste your time if you have a flimsy case.  You will need to have a very solid case, from the view of the attorneys, not you, to qualify for a legal line of credit through law firms or attorneys, and possibly through the banks.  Financing like this is a risk, so the firms need to make sure they  minimize the risk through examining your case carefully.  Be sure you are prepared to explain your side of things fully and bring or inform the parties of all evidence you have to support your court case, so you can improve your odds of getting approved.  

Civil Lawsuits:  In general, you will have better luck getting approved for a legal line of credit if you are filing a civil lawsuit, especially is it’s against someone or some entity with deep pockets, like an insurance company.  Typically, it’s much easier to get approved if you are going to potentially get awarded money from the lawsuit.  Of course, this can vary a little bit, but in general, it will make it easier to get a legal line of credit to present your case in court.  Civil suits can go for big money, so it lessens the risks the lenders have to take.

Settlement Potential:  In many cases, you will find it much easier to get a legal line of credit if your case has a strong potential for settlement before the trial.  This means you will need to either have a very strong case, or the type of case that the defendant will not want to go public.  If your case has really good potential for a substantial settlement before it ever goes to court, you will likely find it much easier to get a legal line of credit in the majority of cases.  Keep this in mind as you apply for this type of financing help for your court case and trial.