Get A Lawsuit Loan in Utah

At Tribeca Lawsuit Loans, we offer same day pre-settlement funding in Utah at competitive interest rates.

We provide lawsuit loans to those currently in a plaintiff’s lawsuit, including civil and personal injury lawsuits 🙂

Looking to draw money from your lawsuit? We can facilitate a cash advance in Utah ranging from $500 to $2,000,000, contingent on your case’s value (we provide many personal injury loans).

We are highly reviewed by clients, and we maintain a broad presence throughout Utah. We are capable of supplying you with a cash advance in a minimal timeframe of 24 hours! Apply now for your same day pre settlement loans!

Get your funding today! Reach out to our friendly and experienced team at (866) 388-2288 or connect with them via this quick online form, for any queries or doubts you have regarding the pre-settlement funding process.

Three Steps To Your Pre-Settlement Funding

Step 1: APPLY for pre-settlement funding in Utah now

Free to apply by submitting your application to us for funding. 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.

What is a Utah Lawsuit Loan?

A lawsuit loan, also known as a pre-settlement loan or pre-settlement funding, is a tool available to plaintiffs across the United States, including Utah. It is designed to provide immediate financial relief by offering a cash advance on a lawsuit’s future settlement.

This type of loan leverages the anticipated settlement as collateral, ensuring that repayment is contingent upon the successful resolution of the case.

The primary entities involved in a lawsuit loan include the plaintiff, the lending institution, the personal injury attorney or law firm representing the plaintiff, and the future settlement itself.

This financing option not only aids plaintiffs in managing current expenses but also strategically positions them to pursue a more substantial settlement by alleviating the pressure to settle early due to financial constraints.

Specific Laws and Regulations Regarding Lawsuit Funding in Utah

In Utah, Tribeca’s average case funding varies but can go up to $2,000,000 depending on your lawsuit.  The state follows the Modified Comparative Fault – 50% Bar law, as per U.C.A. § 78B-5-818(2), which permits plaintiffs to recover only when the defendant’s fault exceeds that of the plaintiff’s.

Statute of Limitations and Insurance Policy Limits

The Statute of Limitations in Utah stands at 4 years, according to Title 78, Ch. 12, Sec. 78-12-25. Insurance policy limits for bodily injury and property damage are set at $25,000 per person, $65,000 per accident for bodily injury liability, and $15,000 for property damage liability. Personal injury protection is set at $3,000.

Auto Insurance and Workers Compensation

The state mandates minimum Underinsured Motorist (UIM) auto insurance limits at 25/65/15, with Personal Injury Protection (PIP) at $3,000. However, workers’ compensation claimants are not eligible for funding.

Regulations and Disclosure Requirements

Personal injury plaintiffs in Utah are required to disclose any previous funding received during the case. Should there be a lien, Tribeca Lawsuit Loans must arrange for its payment. For lawsuits against the state or a political subdivision, Utah’s H.B. 407 bill necessitates the disclosure of all funding sources.

Disclosure and Transparency

Although pre-settlement funding is mostly unregulated in Utah, Tribeca Lawsuit Loans adheres to best-practice disclosure guidelines. This means all rates, fees, and repayment terms are outlined clearly and prominently in all documentation.

Client Testimonials

What People Say About Tribeca Lawsuit Loans

“Five stars for Tribeca ! I can honestly say that working with Tribeca law suit loans was very simple and rewarding. The staff were all very courteous and user friendly. I was able to secure a $ 10,000 dollar loan within days of contacting them. I have delt with other companies and there is no comparison, Tribeca is upfront and honest, willing to go the extra mile to assist you. Don’t hesitate to give them a call, I am so glad I did. God bless, Harvey Murphy” – Harvey Murphy (August 24, 2024)

What Case Types Do we Offer Pre-Settlement Funding For?

We at Tribeca offer pre-settlement funding for a diverse array of cases in Utah. Our legal funding company provides settlement advances to help plaintiffs navigate the Beehive State’s unique legal landscape.

In Utah’s mix of urban centers and stunning natural landscapes, motor vehicle accidents are unfortunately frequent. We offer lawsuit cash advances for cases involving:

• Multi-vehicle crashes on busy Salt Lake City freeways
• Truck accidents in mountain passes
• Tourist vehicle collisions near national parks
• Pedestrian incidents in growing urban areas
• Ski resort shuttle bus accidents
• Off-road vehicle crashes in desert regions
• Construction zone pile-ups
• Winter weather-related accidents on snowy roads
• Motorcycle incidents on scenic byways

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 popular attractions, workplace injuries in mining operations, and premises liability claims at ski resorts and outdoor recreation areas.

Beyond personal injury cases, 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 Utah scenarios like injuries from rock climbing accidents, cases related to the state’s tech industry, and disputes involving public land use.

Tribeca’s lawsuit financing options ensure Utah plaintiffs can stand up to large corporations or government entities without financial strain.

Are Lawsuit Loans Legal in Utah?

Yes. Legal funding is completely legal in Utah and is regulated by the state to ensure that consumers are kept safe. Tribeca offers lawsuit funding in Utah. All regulations can be found in the Litigation Funding Practices Act. They include important points like:

• Requiring lenders to be licensed and registered in the state (Tribeca is fully licensed in Utah)
• Requiring specific notices to be given to consumers regarding fees/interest
• Limiting the annual interest rate on lawsuit loans

Tribeca abides by all these regulations as well as industry best practices. For example, we only charge simple interest rather than compound interest.

How Much Can You Get as a Utah Lawsuit Loan?

The amount you receive as a Utah lawsuit loan directly depends on your lawsuit. Those who stand to earn higher amounts of compensation often are eligible for higher amounts of funding. When you apply for a Utah lawsuit loan, our pre-settlement funding underwriters will look into factors like:

• Your expected compensation amount
• How long your lawsuit is expected to last
• Any issues related to liability that may reduce your compensation
• Jury award precedents in similar cases

Depending on our findings, Tribeca is able to provide you with anywhere from $500 to $2 million. After you have been approved and all the contract paperwork is signed, we can have the money in your bank account in as little as 24 hours! Spend it on anything you need, including rent or mortgages, transportation costs, food, medical bills, and more.

How Much Do Settlement Loans Cost in Utah?

In Utah, lawsuit loans offer financial support to plaintiffs awaiting their settlement. Tribeca Lawsuit Loans stands out by providing some of the lowest interest rates in the industry.

Unlike traditional compound interest models, Tribeca ensures a simpler, flat interest rate starting at just 3% a month. This method significantly benefits clients by guaranteeing a manageable repayment amount from the future compensation package, without any hidden fees or escalating costs.

Tribeca’s approach to interest rates emphasizes transparency and affordability, ensuring that plaintiffs retain a larger portion of their settlement.

Interest Rates on Utah Pre-Settlement Funding

For plaintiffs in Utah seeking financial relief through lawsuit loans, understanding the interest rates is crucial. Tribeca Lawsuit Loans distinguishes itself by offering simple interest rates starting at 3% per month, providing one of the lowest rates in the industry. This approach ensures clients can manage repayment from their settlement without the burden of compounding interest.

With Tribeca, the focus is on aiding clients to maintain financial stability while their cases are pending, ensuring they can pursue their claims effectively without financial strain. This model promotes transparency and fairness, allowing plaintiffs to retain a larger portion of their compensation.

Apply Now with Tribeca!

If you are ready to experience financial freedom while your personal injury attorney works to get you the best compensation possible, fill out our FREE online application form. Our team is also ready to take your calls about the lawsuit loan process at (866) 388-2288.

We offer lawsuit loans in the following locations in Utah:

• Salt Lake City
• Provo
• West Jordan
• West Valley City
• Orem
• Sandy
• Ogden
• St. George
• Layton
• South Jordan
• Lehi
• Millcreek
• Taylorsville
• Logan
• Murray
• Draper
• Bountiful
• Riverton
• Spanish Fork
• Roy

Our team has extensive experience working with insurance companies, helping you navigate the complexities of your case so you can concentrate on your healing. While we handle the legal process, you can take time to appreciate Utah’s natural beauty—from the iconic Delicate Arch at Arches National Park to the striking landscapes of Zion National Park and the calming waters of the Great Salt Lake.

FAQ

What is the civil lawsuit process typically like in Utah?

1. Filing a Complaint: The process starts when the plaintiff (the person bringing the lawsuit) files a complaint in the appropriate court. The complaint outlines the legal and factual basis for the claim.
2. Serving the Defendant: The defendant (the person being sued) is then served with a copy of the complaint and a summons.
3. Response from the Defendant: The defendant has 21 days to respond to the complaint (30 days if served outside of Utah). The response can be an answer, a motion to dismiss, or another relevant pleading.
4. Discovery: Both parties then enter the discovery phase, where they exchange evidence and gather information about the case. This can involve depositions, interrogatories, and requests for production of documents.
5. Negotiation and Settlement: Throughout the process, parties may negotiate and could reach a settlement agreement to avoid going to trial.
6. Trial: If a settlement isn’t reached, the case goes to trial where a judge or jury will determine the outcome. The plaintiff must prove their case by a preponderance of the evidence.
7. Judgment and Appeals: After the trial, the court issues a judgment. The losing party may appeal the judgment to a higher court within 30 days.
8. Collection: If the plaintiff wins, they may need to take additional steps to collect the money awarded in the judgment.

Can I obtain a lawsuit loan in Utah?

Yes, lawsuit loans, also known as pre-settlement funding, are available in Utah. Companies like Tribeca Lawsuit Loans offer this financial assistance to plaintiffs involved in legal cases in Utah. Lawsuit loans are based on the potential settlement or judgment of the case. To apply for funding, plaintiffs provide details about their case and legal representation. The funding company evaluates the merits of the case, the likelihood of success, and the estimated settlement amount.

If approved, the plaintiff receives a non-recourse cash advance, which means repayment is only required if they win the case. The funds can be used to cover living expenses, medical bills, legal fees, and other financial obligations during the lawsuit process. It’s important to note that specific regulations and requirements govern lawsuit loans, so consulting with a legal professional and the chosen funding company is recommended for personalized guidance and information.

Does Tribeca Lawsuit Loans offer post-settlement funding in Utah?

Yes, Tribeca Lawsuit Loans offers post-settlement funding in Utah. This type of funding can be beneficial for plaintiffs who have won their case but are still waiting for the settlement to be paid out. Post-settlement funding can help bridge the gap between when the settlement is agreed upon and when the funds are actually received.

How does the insurance company factor into the lawsuit loan process?

The insurance company plays a significant role in the lawsuit loan process. When evaluating a case for pre-settlement funding, lenders like Tribeca Lawsuit Loans consider the insurance coverage of the defendant.

The insurance company’s policy limits and willingness to negotiate can impact the potential settlement amount, which in turn affects the amount of funding a plaintiff may be eligible to receive. Additionally, the insurance company’s tactics and timeline for settling claims can influence the duration of the lawsuit, which is another factor considered in the funding decision.

Are Utah settlement loans safe for borrowers?

Utah settlement loans are generally safe for borrowers due to their non-recourse nature. This means that if the plaintiff loses their case, they owe nothing to the lender. Tribeca Lawsuit Loans further ensures safety by maintaining transparency in their terms and conditions. The company does not require credit checks or employment verification, focusing solely on the merits of the legal case.

Utah law provides some consumer protections, though specific regulations for lawsuit loans are limited. To maximize safety, borrowers should work with reputable lenders like Tribeca, carefully review all documents, and consult with their attorneys before accepting any pre-settlement funding offer. This approach helps mitigate risks and ensures a secure financial solution during legal proceedings.

What are the advantages and disadvantages of lawsuit loans?

Lawsuit loans offer several advantages and disadvantages for Utah plaintiffs. Pros include immediate financial relief, allowing plaintiffs to cover living expenses and medical bills while awaiting settlement. This financial buffer can prevent premature settlements driven by financial pressure, potentially leading to larger compensation. Lawsuit loans also don’t require credit checks or income verification, making them accessible to many.

However, cons include potentially high interest rates compared to traditional loans, which can significantly reduce the final settlement amount. The non-regulated nature of lawsuit lending in Utah means terms can vary widely between lenders. Additionally, while non-recourse, these loans may complicate settlement negotiations. Plaintiffs should carefully weigh these factors, consulting with their attorneys to determine if a lawsuit loan aligns with their legal and financial strategy.

Are personal injury settlements taxable in Utah?

Personal injury settlements in Utah 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. This includes settlements for medical expenses, pain and suffering, and lost wages directly related to the injury. However, certain portions of a settlement may be taxable in Utah.

For example, punitive damages, which are meant to punish the defendant, are typically subject to taxation. Interest earned on a settlement and compensation for emotional distress unrelated to physical injury may also be taxable. Utah follows federal guidelines on this matter. It’s advisable for plaintiffs to consult with a tax professional to understand the specific tax implications of their settlement, as individual circumstances can vary.