Plaintiffs in sexual abuse lawsuits deserve as much compensation as possible, but the legal process takes ages. You may be waiting for the settlement you deserve for months or years. Legal funding helps victims of sexual abuse access their future settlements to cover their current expenses instead of having to wait for a future compensation package. In fact, sexual abuse lawsuit loans can actually help you to win a larger settlement!
How Sexual Abuse Lawsuit Loans Can Get You a Better Settlement
The legal system is notoriously slow. Even an “open and shut” case can take months or even years to make its way to a settlement or jury verdict. Worse, insurance companies and defense attorneys deliberately make the case drag out longer, hoping to leverage your financial hardship against you. Such tactics can force you to accept a smaller settlement now rather than continuing to fight for the full compensation to which you are entitled.
Thankfully, there’s a way around this. With a sexual abuse lawsuit loan, you can use the money from your eventual settlement to pay today’s bills while your attorney continues working for the best settlement possible. In addition, because Tribeca is invested in the successful outcome of your case, we may provide your legal team with the funding needed to strengthen your case. This funding covers expert witnesses and other expensive litigation tools that can build a stronger case.
Whether you need a sexual abuse settlement or a foster care child abuse loan, our team at Tribeca wants to help you get justice.
How Sexual Abuse Lawsuit Loans Work
Legal funding is a safe, no-risk way to get money in the here-and-now while you wait for your attorney to negotiate a fair settlement (or for your case to proceed to trial). It’s a non-recourse loan, which means:
- Your income, personal property, and assets are never at risk.
- Your future settlement is the loan’s collateral and the sole source of money for repaying the loan
- The most we can take as repayment is the collateral (i.e., the agreed-upon portion of your settlement package).
- You are NOT personally liable for repayment (so we don’t touch your personal finances).
- If you lose your case, you will not repay a dime.
Because we have no recourse to access your own money for any reason, our legal funding application asks for no personal financial information. There is:
- NO credit check
- NO income verification
- NO employment verification
- NO asset evaluation
Again, your future settlement is the only possible source of money to repay the sexual abuse lawsuit loan. So, we do ask for the following information:
- The strength of your case
- The expected duration of the lawsuit
- The anticipated settlement or jury award
- Your attorney’s contact information
We require that our clients work with an attorney to pursue their lawsuit settlement or verdicts. Studies show that plaintiffs represented by an attorney consistently win significantly larger settlements and jury awards. We will work closely with your attorney as your legal team fights for your just compensation.
Is There Interest on Sexual Abuse Settlement Funding?
Many businesses offer legal funding, but it generally is not interest- or risk-free. However, Tribeca Lawsuit Loans charges a simple, non-compounding interest rate rather than a compound interest rate. This means the interest is applied to the original loan amount each month rather than the accumulated interest.
This low, simple interest rate gives clients involved in lengthy settlement negotiations, such as those who took out Boy Scouts of America (BSA) pre-settlement funding, a chance to walk away with much of their award. When seeking a sexual abuse settlement funding, always insist on a non-compounding interest rate, and avoid upfront fees as well as “fixed fee” loans that can eat right through your sexual abuse settlement.
Our Maximum Funding Amount
The exact amount we can provide you with for your sexual abuse lawsuit loan depends on several factors, including:
- Your expected compensation or settlement
- How long your lawsuit is expected to last
- The strength of your case and the likelihood of you receiving compensation
- The potential monetary value of your damages
Until we review your application and speak with your attorney, we can’t say how much money you are eligible for. However, our underwriters have approved anywhere from $500 to $2 million in pre-settlement funding in the past.
Sexual abuse lawsuits can have tremendously varied compensation amounts, so it’s necessary to analyze your case when determining how much money we can provide you with.
How to Repay Your Sexual Abuse Lawsuit Loan
One of the best parts about legal funding is that you don’t have to worry about repayment. At the conclusion of your case, your attorney will receive a check for the settlement or jury award amount. They’ll write Tribeca a check for repayment, take out their attorney’s fees, and you get the rest.
What About the Criminal Case?
Many sexual abuse cases also involve criminal charges. Your lawyer can tell you when the best time is to start your civil case. Sometimes it’s before your criminal case, and sometimes it’s after. There are good reasons for each approach.
Tribeca will be glad to help your sexual abuse lawsuit once your lawyer has started the civil case. If you are facing financial difficulty now, you may be able to ask them about starting their case so you can get legal funding.
It’s in your lawyer’s best interest to achieve as much compensation as possible for you. A larger settlement puts more money in your attorney’s pocket. More importantly, it punishes your abuser and helps you get the help you need to rebuild your life. Don’t let financial pain or the defense’s legal strategy prevent you from completing your case and getting the just decision you deserve.
Get Legal Funding for Your Sexual Abuse Lawsuit Today
Visit our Apply Now page to provide us with information about your case and see whether you are eligible for pre-settlement funding. Tribeca has a 94% case acceptance rate, so the odds are good that we can help you cover your expenses while you continue your fight for justice. If you prefer, please call (866) 388-2288 to speak with a friendly, compassionate team member.
The money you need may be in your bank account in just 24-48 hours after your sexual abuse lawsuit loan is approved!