At Tribeca Lawsuit Loans, we offer same day pre-settlement funding in the state of Oklahoma at *very* competitive interest rates
We provide lawsuit loans to those currently in a plaintiff’s lawsuit, including civil and personal injury lawsuits.
We can provide you with a cash advance ranging from $500 to $2,000,000 today, subject to the merit of your injury lawsuit case 🙂
With a broad presence across the state and outstanding reviews and feedback from our satisfied clients, we can make a cash advance available to you quickly in a span as short as 24 hours! Apply Now!
What we Offer: our company’s cash advances/loans (alternatively referred to as litigation funding, lawsuit funding, or case loans) are a versatile financial solution that can be utilized for any expenses that come up while your lawsuit (the plaintiff’s lawsuit) is under process and until you secure the rightful compensation from a successful trial verdict or settlement against the defendant.
Get your personal injury settlement loans today! Dial our friendly and quick team at (866) 388-2288 or reach out to them using our secure online form, if you have any queries or reservations about the pre-settlement funding (or post-settlement funding) process.
Three Steps To Your Pre-Settlement Advance
Step 1: APPLY for A Settlement Loan now
Apply for free via our online application. Our loan application includes the following process:
- No credit check
- No income verification
- No asset evaluation
- No hidden fees
- No money up-front
Step 2: REVIEW
Our fast and proficient team will review your case. We support many different types of cases including personal injury, car accident, premises negligence, workers’ comp, class action and more.
Step 3: FUNDING
Tribeca Lawsuit Loans sends a contract detailing terms of funding. Cash is distributed quickly and securely. You can get your same day pre-settlement loans as soon as your application is approved.
Laws and Regulations of Lawsuit Settlement Funding in Oklahoma
Oklahoma’s Fault Laws
Under the Modified Comparative Fault – 51% Bar rule, a plaintiff cannot recover if they are 51% or more at fault. If 50% or less at fault, the plaintiff can recover, but their recovery is reduced by their degree of fault, as per Okla. Stat. Ann. Tit. 23 § 13.
Statute of Limitations
Oklahoma’s statute of limitations is 2 years, as stated in Title 12, Ch. 3, Sec. 95.
Minimum Policy Limits for Bodily Injury & Property Damage
The minimum policy limits in the state are $25,000 for bodily injury liability per person, $50,000 bodily injury liability per accident, and $25,000 property damage liability per accident.
Minimum UIM Auto Insurance Limits
The minimum underinsured motorist (UIM) auto insurance limits are Liability: 25/50/25.
Workers Compensation Eligibility
Yes, workers are eligible for workers compensation claims in the state which we can work with.
Eligibility of Cases and Adherence to State Laws for Settlement Loans
Unlike many other states, all types of cases in Oklahoma are eligible for settlement loans. However, any advances must conform to state laws, particularly Senate Bill 1016 passed in 2013, which regulates these loans. Tribeca Lawsuit Loans strictly follows all regulations, such as possessing a valid license to do business in the state, granting clients a right to rescission, and not influencing the case.
Provision for Secondary Funding
Tribeca can offer secondary funding for clients who have already received financial support for a case. To facilitate this, the previous financial support must be disclosed so that the lien can be repaid. Personal injury-related lawsuit loans can be sizable and this is a type of advance that our company in can do.
What Does a Lawsuit Loan Look Like?
Lawsuit loans provide financial support to plaintiffs awaiting legal settlements, simple as that. The process begins when a plaintiff applies to a funding company (such as Tribeca), detailing their case and legal representation. The company evaluates the case’s strength, potential settlement, and success likelihood.
Approved loans are non-recourse, meaning plaintiffs don’t repay if they lose. Loan amounts depend on case merit and potential settlement value. Interest rates and fees are negotiated, with funds quickly disbursed to plaintiffs for urgent needs.
Upon case resolution, plaintiffs repay the loan, interest, and fees from their settlement. The process involves legal and ethical considerations throughout. These loans serve as a financial bridge for plaintiffs during litigation.
What’s the Cost of Obtaining a Lawsuit Loan?
The cost of obtaining a lawsuit loan varies based on several factors. Tribeca offers competitive rates for pre-settlement funding in the Sooner State. Costs typically include the principal amount borrowed plus interest and any associated fees. The total expense depends on the case’s complexity, potential settlement value, and duration.
Tribeca employs a transparent pricing model, clearly outlining all charges upfront. Unlike traditional loans, lawsuit cash advances are non-recourse, meaning borrowers only repay if they win their case. This unique structure provides financial security for plaintiffs facing lengthy legal battles in Oklahoma’s court system.
How Much Interest Do We Charge?
Tribeca Lawsuit Loans offers simple interest rates, starting as low as 3% per month, for pre-settlement funding in Oklahoma. These rates are non-compounding, meaning interest is only calculated on the principal amount. Not all of our competitors operate like this!
The specific rate applied depends on factors such as case strength, expected settlement amount, and anticipated case duration.
State laws allow for this type of funding, enabling plaintiffs to access financial support without the risks associated with conventional loans. Tribeca’s transparent approach ensures borrowers fully understand the interest structure before committing to the agreement.
How Much Money Can I Get in an Lawsuit Loan?
Every lawsuit differs from every other one, so we cannot even estimate how much of a lawsuit loan you might qualify to get before you complete our application. However, we can tell you that we can loan our clients from $500 to $2 million based on the facts of each specific case.
When you apply for a lawsuit loan near you, our team of underwriters will contact your personal injury attorney and crunch the numbers to determine how we can best meet your needs. We’ll draw up a contract to finalize our loan offer with that information, purring the exact loan amount we can provide in writing. We’ll also detail the simple, non-compounding interest rate for the loan. We charge no hidden fees and will always treat you with respect.
All of our contracts are written in easy-to-understand language, and we are happy to answer any questions you have during the loaning process.
How Can Oklahoma-Originated Settlement Loans Be Used?
Obtaining a settlement loan comes with no spending restrictions—it’s your cash to use as needed. Commonly, clients allocate funds for:
- Medical expenses
- Home repairs
- Housing payments
- Everyday needs (like transportation and groceries)
- Damage restoration
- Recouping lost income
Need your lawsuit settlement money immediately? A settlement loan is your solution. Simply complete our no-cost application on the Apply Now! page. For any inquiries or assistance with the application, contact the Tribeca Lawsuit Loans team at 866-388-2288.
See a list of frequently asked questions here.
Are Loans for Lawsuit Legal in the State?
Yes, loans for lawsuits are regulated by the Consumer Litigation Funding Act, which sets forth requirements regarding:
- Lending licenses
- Oversight agencies
- Avenues for complaint
- Appropriate lending practices
In addition to the laws that regulate lawsuit funding in the state, Tribeca Lawsuit Loans also abides by industry best practices. We are dedicated to helping Oklahomans have the financial security to get the justice they deserve without risk.
How Our Funding Is No-Risk
Lawsuit loans in this state are considered non-recourse lending. That means you are NOT held personally liable for the debt. Instead of being tied to your personal finances, the debt is tied to your eventual payout in your lawsuit.
You repay Tribeca the agreed-upon portion of your compensation package once your case concludes.
- The agreed-upon portion is all the collateral we can take.
- We never touch your bank account for repayment purposes.
- If you lose your case and do not get a payout, you don’t have to pay us back at all!
Cases that Are Eligible for Legal Funding
We at Tribeca offer litigation financing for a diverse array of cases. Our legal funding company provides settlement advances to help plaintiffs navigate the Sooner State’s unique legal landscape.
In our state’s blend of urban areas and expansive prairies, car accidents are unfortunately frequent. We offer lawsuit cash advances for cases involving:
- Multi-vehicle crashes on busy interstates
- Oil field transportation accidents
- Rural road collisions
- Truck accidents at major distribution centers
- Severe weather-related pile-ups
- Pedestrian incidents in downtown areas
- Motorcycle crashes on scenic routes
- Construction zone accidents
- Agricultural equipment collisions
These accidents often lead to severe injuries like traumatic brain injuries, spinal cord damage, and complex fractures. Our pre-settlement financing also covers slip and fall cases at public venues, workplace injuries in energy sector operations, and premises liability claims at popular attractions.
Beyond personal injury lawsuit loans, we provide legal claim funding for medical malpractice suits, employment disputes in various industries, and environmental lawsuits. Our litigation advance services even extend to unique Oklahoma scenarios like injuries from tornado-related incidents, cases involving Native American tribal law, and accidents related to the state’s aerospace industry.
Tribeca’s lawsuit financing options ensure plaintiffs can stand up to large corporations or government entities without financial strain.
Pre-Settlement Funding for Out of State Cases
Residents in the Sooner State can also qualify for pre-settlement funding for cases that are being negotiated out-of-state. You’ll need to meet the same qualifications as in-state lawsuit loans to apply for these legal loans. Tribeca in OK offers nationwide coverage and can assist you regardless of where your lawsuit was filed.
Get Your Lawsuit Loan Quickly from Tribeca
Tribeca Lawsuit Loans has a 94% client acceptance rate, and we’re ready to add you to our list of satisfied customers. Fill out the form on our Apply Now page to get the ball rolling. You can also call our office at (866) 388-2288 to speak with a team member with questions about the legal funding process, help on your application form, or other matters.
We offer loans in the following locations:
- Broken Arrow
- Norman
- Oklahoma City
- Tulsa
- Edmond
- Lawton
- Moore
- Midwest City
- Enid
- Stillwater
- Muskogee
- Bartlesville
- Owasso
- Shawnee
- Ponca City
- Ardmore
- Yukon
- Duncan
- Bixby
- Del City
We know how financial stress can add to an already difficult time. Let Tribeca take care of that burden, so you can focus on healing and exploring the natural beauty of the Wichita Mountains Wildlife Refuge or the historical National Cowboy and Western Heritage Museum.
Our experienced team will help you navigate the complexities of dealing with insurance companies, allowing you to prioritize your recovery. While we manage the legal process, you can enjoy Oklahoma’s diverse attractions, from Tulsa’s iconic Golden Driller to the historic landmarks along Route 66.
FAQs
What is the civil lawsuit process typically like?
The civil lawsuit process typically starts with the filing of a complaint, which outlines the plaintiff’s case against the defendant. Following this, the defendant is served with a copy of the complaint and is required to respond within a given timeframe.
After the initial pleadings, both parties engage in discovery, a pre-trial process where evidence is gathered. This can include depositions, interrogatories, and requests for documents. If the case is not settled out of court, a trial will take place where the court or jury decides the outcome based on the evidence presented. If the plaintiff prevails, the court will award damages. This entire process can be lengthy, often taking months or even years to resolve.
How does pre-settlement funding work?
Pre-settlement funding, often referred to as a lawsuit loan, is a cash advance given to a plaintiff in a lawsuit, based on the expected settlement or judgement. The process starts with the plaintiff applying to a trusted lawsuit funding company, detailing their case and legal representation. The company then evaluates the case’s strength, potential settlement amount, and likelihood of a successful outcome.
If approved, the company determines the loan amount based on these factors. This loan is non-recourse, meaning if the plaintiff loses, no repayment is required. Once the lawsuit concludes and if a settlement is reached, the plaintiff repays the loan principal, interest, and any associated fees.
Why is my lawyer taking so long to settle my case?
Court system procedures take a while, but defense attorneys and insurance companies also deliberately drag our settlement negotiations. It is a strategy designed to protect their clients from paying the full compensation the case warrants. These stall tactics pressure financially stressed plaintiffs to settle early for a small fraction of their case’s value. Sadly, this cynical play is often successful.
The Oklahoma court system procedures take a while, but defense attorneys and insurance companies also deliberately drag our settlement negotiations. It is a strategy designed to protect their clients from paying the full compensation the case warrants. These stall tactics pressure financially stressed plaintiffs to settle early for a small fraction of their case’s value. Sadly, this cynical play is often successful.
Legal funding like a lawsuit loan provides a cash advance on the future settlement. This money enables the plaintiff to pay their bills and relieve financial pressure while affording their attorney the time necessary to negotiate the best possible compensation. These loans provides a cash advance on the future settlement. This money enables the plaintiff to pay their bills and relieve financial pressure while affording their attorney the time necessary to negotiate the best possible compensation.
How does the insurance company factor into lawsuit loans?
Insurance companies often try to delay settlement negotiations, hoping plaintiffs will accept lower offers due to financial pressure. With a lawsuit loan, you can better withstand these tactics and give your personal injury attorney time to negotiate a fair settlement.
How safe are settlement loans?
Settlement loans are remarkably safe for borrowers due to their non-recourse nature. Tribeca Lawsuit Loans provides pre-settlement funding that carries no personal financial risk to the plaintiff. If the case is unsuccessful, the borrower owes nothing, as repayment is contingent solely on winning the lawsuit. This structure protects residents from potential debt accumulation during legal proceedings.
Tribeca adheres to strict ethical standards and transparent practices, ensuring borrowers fully understand the terms. The company’s commitment to client safety extends to maintaining confidentiality and offering clear, jargon-free agreements, making lawsuit cash advances a secure financial option for plaintiffs.
What are the advantages and disadvantages of lawsuit loans?
Lawsuit loans offer several advantages and disadvantages for plaintiffs. The primary benefit is immediate financial relief, allowing plaintiffs to cover living expenses and medical bills while pursuing their case. This financial buffer can prevent premature settlements driven by economic pressure. Additionally, the non-recourse nature of legal funding means no repayment is required if the case is lost.
However, potential drawbacks include higher costs compared to traditional loans, as lenders assume more risk. The funding may also complicate settlement negotiations. Some critics argue that loans for lawsuits can prolong litigation. Despite these considerations, many plaintiffs find that the benefits of pre-settlement funding outweigh the potential disadvantages, especially when facing lengthy legal battles.
Are personal injury settlements taxable in Oklahoma?
Personal injury settlements in Oklahoma are generally not taxable at the state or federal level. The Internal Revenue Service (IRS) considers compensation for physical injuries or illnesses as non-taxable income. However, certain portions of a settlement may be taxable in specific circumstances. For instance, if the settlement includes punitive damages or compensation for lost wages, those amounts could be subject to taxation.
Additionally, interest earned on the settlement while awaiting distribution may be taxable. State residents receiving personal injury settlements should consult with a tax professional to understand the specific tax implications of their case, as individual circumstances can vary.