Tribeca Lawsuit Loans provides legal case funding to clients with a wide variety of cases and claims. Our pre-settlement loans enable you to meet your immediate expenses by lending you a portion of your anticipated settlement. Pre-settlement legal funding is a form of financing that carries no risk for the borrower. With legal case funding in hand, you can access your future settlement to alleviate current financial pressure and to fight for the full value of your case.
Legal Case Funding with Tribeca Lawsuit Loans
We have provided legal case funding for plaintiffs in lawsuits like:
- Personal injury claims
- Car accident cases
- Employment disputes
- Labor law violations
- Medical device malfunctions
- Medical malpractice
- Qui Tam and whistleblower cases
- Sexual harassment cases
- Worker’s compensation claims
- Wrongful imprisonment
Legal case funding like personal injury settlement loans, accident settlement loans, or lawsuit loans for any of the cases listed above is easy to obtain, especially if you are a party to an active lawsuit. Often, we can process your loan application and deposit the money in your bank account in as little as 24 hours. With this financing, you can avoid the economic pressures that could cause you to settle your claim for less money than it is worth.
What is Legal Case Funding?
Legal case funding provides access to your future financial compensation now when you most need it. Legal cases can take months or even years to make their way through the court system until they are finally resolved through a judgment or settlement. Unfortunately, even when the facts are clearly in your favor, the attorneys for the other side will try to delay the case as a way to pressure both you and your attorney to settle your suit for less money than the case is worth.
Your employment dispute or medical malpractice claim has likely exacerbated your current bills and expenses. In addition, your attorney has probably taken your case on a contingency basis, meaning they will see no money until the case is resolved. This leaves you both under financial pressure to take some money now rather than continue to fight for the full value of your claim.
You may need the services of an expert witness to prove your case, and they must be paid long before your settlement comes through. This is where legal case funding comes in.
Case cost funding or a pre-settlement loan allows you to access your future compensation package to pay your current expenses. As your legal funding company, we evaluate the facts of your case and estimate the size of the settlement you are likely to receive. We then lend you a portion of that amount, to be repaid after you receive your compensation.
Is Legal Case Funding a Real Loan?
Is legal case funding like wrongful termination lawsuit funding or medical malpractice lawsuit funding really a loan? Pre-settlement funding is a loan, but very different from other types of loans in three fundamental ways:
- Your credit history and personal finances are not even considered when qualifying for the loan.
- Your finances and assets are not at risk. Loan repayment comes from your settlement and cannot exceed the amount of the loan.
- A lawsuit loan is a non-recourse loan, which means you are not held personally liable for the debt. If you lose your case, you do not have to repay your loan.
Your future settlement is the collateral for the lawsuit loan. To reiterate, if you lose the case, you repay nothing. That is the essence of a “non-recourse” loan. It means the lender has no recourse to seek repayment of the loan from any source other than the specified collateral. You can safely take legal case funding without risk to your personal finances or property. That is not the case with recourse debt — like a credit card or a mortgage refinance — where you would still have to repay the debt if you lost your case.
Also, unlike other forms of cash advance or loan, legal case funding is usually non-taxed. Since it comes out of your compensation package, it’s considered part of your legal compensation, which is not taxable income. So, the only time you may have to pay taxes on it is if you use the legal cash advance to make an investment.
What Expenses Can Legal Case Funding Help You Pay?
A personal injury settlement loan or any other form of legal case funding is like a cash advance on your settlement package. You are free to use the money in any way you see fit. Most people use their lawsuit loan to cover their expenses while they wait for the case to be settled. Some of the common expenses that plaintiffs use their lawsuit loan for include:
- Medical costs
- Repairs or replacement of any damaged property
- Rent or mortgage payments
- Utility Bills
- Lost wages
- Daily expenses like food, gas, etc.
Legal case funding can cover your living expenses while your case proceeds. It can lessen the financial stress and address your damages while you wait for the case to conclude. This blunts the opposing attorney’s pressure tactics that are designed to force you to settle for less than you deserve.
How Much Does Legal Case Funding Cost?
Pre-settlement loans for auto accidents, malpractice, personal injury, wrongful termination, and more differ based on the fact pattern and complexity of the case. Until we review your case, we cannot determine how much legal case funding you might receive or how much it will cost. However, we can say that while predatory lending companies can charge high, compounding interest rates that eat up your settlement, Tribeca charges only a simple, non-compounding interest rate.
In fact, we charge no fees for your pre-settlement loan. All costs for our legal case funding are spelled out upfront. The entire contract should be easy to understand and written so you know exactly what you are agreeing to.
Our goal is to lighten your burden and alleviate the stress of your situation. Further, we aim to serve you so well that you are pleased to recommend our services. As a result, our team has a 4.5/5 star rating on Trustpilot — a testament to our commitment to client satisfaction.
How Much Money Can You Get With Legal Case Funding?
Your legal case funding comes directly from your eventual settlement or compensation package at the conclusion of your lawsuit. It’s a form of cash advance so that you can take care of present expenses while waiting for future compensation.
As such, the amount you can get for your legal case funding greatly depends on factors related to your case, such as:
- The overall strength of your claim
- Your total damages
- Your expected settlement amount
Tribeca Lawsuit Loans has provided clients with anywhere from $500 to $1,000,000 in legal case funding. We’ve got the resources to help you meet your needs now while you wait for the wheels of justice to finally finish turning in your case.
How to Qualify for Legal Case Funding?
Qualifying for a personal injury settlement loan or any other form of legal case funding with Tribeca is easier than you might expect. There are just a few conditions your case must meet to obtain financing:
- You must be at least 18 years old.
- You must be ready to file a lawsuit or have a settlement pending.
- You must be represented by a contingency-based lawyer.
- The defending party must be insured.
If you meet the above criteria, you will likely qualify for legal case funding. We do not check your credit score or your property holdings because the only source for repaying the loan comes from your settlement. All that matters when it comes to getting funding is the quality of your case.
How to Apply for Legal Case Funding
If you have a lawsuit pending for a car accident, an employment dispute, medical malpractice, or any type of personal injury, you likely qualify for legal case funding from Tribeca Lawsuit Loans. Here’s how the process works:
- You apply: Click the green “Apply Now” button at the top right of this page. Provide some information about your case, including the expected compensation and the expected duration of the lawsuit. Also, provide contact information for your contingency-based attorney or law firm.
- We evaluate: Our team will review your information to determine how much money we can provide for your case. We have helped clients by loaning anywhere from $500 to $1,000,000 in past cases.
- You get your money: We work to get you your money as quickly as possible once your legal case funding is approved and all the paperwork is signed. In some cases, you’ll receive the money in as little as a single day!
We understand that you need to receive your pre-settlement funding as quickly as possible, especially if you have large upcoming or overdue bills. We have streamlined our application process to get your funding approved and released to you fast and hassle-free.
How Risky is Legal Case Funding?
You’re not getting a typical loan or cash advance when you take out legal case funding. This type of funding is non-recourse, which means you ARE NOT held personally liable for the debt.
What does that mean? In simple terms, it means:
- The most we can take as repayment is the agreed-upon portion of your compensation package.
- Your personal finances are never used as a source for debt collection.
- If you lose your case, you owe us nothing!
There is no risk to your finances or property when you take out an accident settlement loan, a personal injury settlement loan, or another form of legal case funding.
How to Know if Legal Case Funding is Right for You?
Just because legal case funding offers many benefits and carries no risk to your personal finances or property doesn’t mean it is the right course for you. Some signs that indicate legal funding is a good choice for you include:
- You have immediate expenses you struggle to pay.
- You have suffered serious injuries or expenses due to the circumstances of your case.
- You are unable to work, or you have suffered a significant loss of current or future income.
- The insurance company is offering a lower settlement than you deserve.
Pre-settlement loans are not free. You’ll undoubtedly keep less of your settlement if you take out one or more such loans. Even with a low, simple interest rate like ours, legal case funding can become expensive if your case extends for years. If you can afford to meet your living expenses and are not facing financial hardship, you may be better off without a loan.
Additionally, if you have received a fair offer for your damages, continued negotiations may be counterproductive. And if you have not lost significant money or income, legal case funding may not be in your best interest.
Do I Need My Attorney’s Approval to Get Legal Case Funding?
Tribeca Lawsuit Loans requires that you be represented by an attorney or law firm before we can work with you. This is both for the safety of our investors and for your benefit, as studies show that clients with lawyers representing them typically earn far more in compensation than those who represent themselves.
We need your attorney’s approval in order to offer you a pre-settlement loan. Most contingency-based lawyers — the type of lawyers we can work with — welcome legal case funding. However, some attorneys do not want to involve a third party in the payment process. In this case, we will communicate with them to try to come to an agreement.
If your lawyer refuses to accept a pre-settlement loan, we will not be able to work with you. However, should you change attorneys to one who is open to legal case funding, we would then be happy to assist you. If you cannot find an attorney who will accept a pre-settlement loan, you may need to resort to other forms of funding, such as recourse debt, to cover your expenses.
Get Your Money Fast
At Tribeca Lawsuit Loans, we can process your legal case funding application and get your money deposited to your bank account within 24 hours once you are approved. We can provide you with anywhere from $500 to $1,000,000, depending upon your case. Our application takes just minutes to complete, and we won’t run a credit check or any evaluation of your personal assets. We’ve disbursed over $45 million to our clients and have the financial resources to assist you.
Ready to get your money in as little as 24 hours? Just click the green “Apply Now” button at the top of the page and answer a few questions about your lawsuit.
If you have any questions about legal case funding or the types of cases Tribeca Lawsuit Loans funds, call us today at (866) 388-2288. One of our team members will be happy to address any questions about the lawsuit loan process.
With Tribeca, you can get the funding you need to fight for the full value you deserve.