Plaintiffs are pursuing compensation in paraquat lawsuits. These individuals are claiming manufacturers of herbicides that contain this chemical did not properly warn them about the risks associated with their products, resulting in Parkinson’s disease. If you are involved in one of these lawsuits, now may be a good time to pursue a types of funding.
At Silver Dollar Financial, we take the guesswork out of class-action legal funding. We offer paraquat lawsuit loans with flexible terms and conditions. To learn more, reach out to us.
What You Need to Know About Paraquat
Paraquat was first used in the United States in 1961, according to the U.S. Centers for Disease Control and Prevention (CDC). It is a toxic chemical commonly used in herbicides globally. In the United States, it is classified as “restricted use” by the U.S. Environmental Protection Agency (EPA), and only licensed applicators are allowed to use it.
CDC points out the most likely method of exposure to paraquat comes from ingestion (swallowing). It also notes the chemical can easily be mixed into food and beverages. There is a risk of poisoning due to skin exposure to the chemical as well.
In November 2023, ABC News reported some countries had expressed concerns relating to the use of paraquat due to the risk of Parkinson’s disease. Previously, some people have claimed herbicide manufacturers knew about the health risks associated with the chemical dating back to the 1970s. Many people have been exposed to the chemical, and some have proceeded with lawsuits against these manufacturers following a Parkinson’s disease diagnosis.
Paraquat Lawsuits in the United States
To date, many people who have been exposed to paraquat have filed lawsuits. They have submitted claims against Syngenta, Chevron, and other manufacturers of products that contain the chemical. As of February 2024, at least 5,000 paraquat-related lawsuits have been filed.
Plaintiffs have claimed herbicide manufacturers exposed them to a dangerous chemical that may have contributed to their Parkinson’s disease diagnoses. Some have submitted claims in the hopes of holding these manufacturers accountable for their negligence. Others have done so to help spread awareness about the dangers of paraquat.
Just because you seek damages in a paraquat lawsuit does not mean you will get compensation. Regardless, a lawsuit loan gives you money you can use while your litigation is underway. With a clear understanding of how legal funding works, you can decide if this option is right for you.
How a Paraquat Lawsuit Cash Advance Works
A product liability lawsuit loan works in a similar way to financing you can request from a bank or credit union. It differs in terms of requirements. Here is what you will need if you want to request legal funding based on a paraquat claim:
- You must be involved in a paraquat lawsuit.
- You must hire a lawyer to represent you.
- Your lawyer must work on contingency.
- Your attorney must approve your legal funding request.
With a standard loan, you will likely have to undergo a credit check and get a review of your financial history. These are not required if you pursue legal funding. In addition, you are not required to pay back your lawsuit funding unless you win or settle your case.
Paraquat Lawsuit Loan Benefits
Legal funding gives you money you can use for the duration of your paraquat lawsuit. You have the flexibility to spend your money however you choose and do not have to repay it until you get compensation. Along with this, there are many reasons why people request lawsuit loans, such as:
- Instant Funding: You may be able to get legal funding in as little as 24 hours.
- No Income Required: You do not have to be employed to qualify for a pre-settlement loan.
- Easy Application: You can fill out an application for pre-settlement funding online or submit your request over the phone.
If you are interested in a legal loan, Silver Dollar Financial can help you out. Our team can discuss paraquat lawsuit loans and all they entail. For more information, contact us today.
Cost of a Paraquat Lawsuit Loan
You do not have to pay anything to apply for legal funding. There are no application fees or other charges. This is the case even if you decide not to get pre-settlement funding after you submit your application.
With a pre-settlement loan, you receive money and can use it however you want. Meanwhile, your attorney keeps working with you and builds an argument designed to help you secure compensation from any at-fault parties in your lawsuit. If your lawyer succeeds, you will receive damages — and at this point, you can repay your loan.
A lawsuit loan may include simple interest, and your pre-settlement company is upfront about this amount. After you win or settle your claim, your attorney deducts the amount you owe in lawsuit funding from your compensation. They then send a check to cover your loan amount, and you receive the remainder of your settlement.
How Much Time It Takes to Get Paraquat Pre-Settlement Funding
It may be much faster to get a lawsuit loan versus a traditional one. Generally, a pre-settlement funding company can review and approve a loan request within one day. Comparatively, a bank or credit union may need days or weeks to decide on a request.
Keep in mind that no two lawsuit funding companies are exactly the same. To pick out the right loan, discuss your request with the business. The best legal funding provider ensures you can connect with lawsuit loan specialists who can address your concerns and questions.
If you submit a lawsuit loan application but want help along the way, do not hesitate to ask for it, either. Your legal funding company can help you submit the required application materials. It will do everything it can to approve your request for funding as quickly as possible.
Submit Your Request for a Paraquat Lawsuit Loan
Do not wait any longer to get paraquat pre-settlement funding. The team at Silver Dollar Financial is available to review your loan request. To get started, contact us today.