Top Lawsuit Funding Companies in the US 2023-2024

When you are the plaintiff in a lawsuit, you may be faced with rising debt. When the defense offers mere pennies on the dollar for a case your attorney insists is worth much more — what can you do? This is the common problem pre-settlement funding was designed to solve. It serves as a cash advance on your future settlement so you can pay the bills you have today.

There’s no shortage of pre-settlement funding companies to choose from if you’re searching for legal funding and lawsuit loans. But not all of them are reputable, and some are downright predatory. Nevertheless, there are fine companies that could be better-suited partners depending on your needs and the specifics of your case.

At Tribeca Lawsuit Loans, we strive to provide you with the best legal funding options in the country. We are a legal finance company that offers lawsuit loans for a broad array of cases. We are deeply invested in making democracy and justice more accessible to all. Your finances should not be a barrier to getting the fair hearing and compensation your case deserves.

Keeping that in mind, we have prepared this guide to the best lawsuit loan companies in the nation to help you choose a settlement loan company. We hope to help you find the pre-settlement legal lender who can help you best achieve justice – even if it’s not us.

Tribeca's guide to pre-settlement loan companies
Tribeca’s guide to the best pre-settlement loan companies in the U.S.
What you need to know before you choose a company.

Download Our Guide on Finding the Best Lawsuit Loan Company for You

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10 of the Best Lawsuit Funding Companies

If you need a lawsuit loan, it’s critical that you work with a legal finance company of integrity that protects your interests — not just their bottom line.

Here are the 10 top-rated lawsuit funding companies in the U.S.:

  1. Tribeca Lawsuit Loans – (866) 388-2288
  2. US Claims – (877) US Claims
  3. America Lawsuit Loans – (888) 335-3537
  4. Direct Legal Funding – (866) 941-5588
  5. Legal Bay – (877) 571-0405
  6. DRB Capital – (877) 300-1674
  7. Peachtree Financial Solutions – (866) 581-6225
  8. Liberty Settlement Funding – (855) 643-0333
  9. Signal Funding – (800) 635-1167
  10. Oasis Financial – (877) 333-6680

Frequently Asked Questions About Pre-Settlement Loans

If you’re considering taking out a lawsuit loan, you’ll have some questions. Here are some of the most common questions we find our clients asking:

How do I find the lowest-cost pre-settlement funding company?

You can find the lowest-cost pre-settlement funding for your case by keeping the following factors in mind:

  • Interest rates: Some companies will charge different interest rates depending on your credit score and how strong they feel your case to be. Be wary of compound interest rates that can result in larger repayments.
  • Maximum principal loan amount: The higher the cash advance you get, the more you have to repay. Talk to funding companies to find out how much money they think you’ll need in pre-settlement funding. Avoid borrowing more money than you need for your expenses.
  • Additional fees, if any: Always read the fine print. Some companies may have hidden fees for costs like underwriting, document preparation, and delivery. These surcharges can add up to a hefty sum that will reduce your compensation.
  • Percentage versus flat-rate fees: Some companies may charge the same amount for similar transactions. Others may charge a percentage based on the number of documents or transactions conducted.

Always ask your licensed funding company to provide a comprehensive breakdown of all their fees, including how often these fees are applied. This will help you save thousands of dollars in unforeseen charges on your lawsuit loan.

Where can I find pre-settlement loans near me?

You can find pre-settlement loans near you by looking up the terms “lawsuit loan company” or “pre-settlement funding company” online. Search engines will typically display nearby pre-settlement funding companies on the first results page.

If you’ve already looked up “pre-settlement loans near me”, but want to know more about a company’s reputation, check established review sites like TrustPilot. These provide testimonials and helpful feedback from actual customers that won’t hold back on criticism.

These review sites also indicate how long a company has been lending, the average amount that clients get in loans, and whether they’ve had trouble repaying their cash advances. Tribeca Lawsuit Loans confidently points to our TrustPilot with no reservations because of our multiple benefits and consistently high ratings.

Tribeca Lawsuit Loans has been offering pre-settlement funding for 30 years, providing excellent customer service and flexible lending policies on a case-to-case basis. We do not require a credit score check, have no hidden fees, and offer free case consultations before you apply for a loan.

We offer loans of up to $2 million for different personal injury lawsuits across multiple states. Check out our TrustPilot page and see for yourself why we’re one of America’s top lawsuit funding companies.

What are class action lawsuit loan companies?

Class action lawsuit loan companies are companies that give pre-settlement funding for cases that involve multiple plaintiffs. Also known as mass torts, class actions are cases involving several people who have been injured by a company or a product.

Class action lawsuits can take months or even years to settle because of the amount of evidence needed on the severity of injuries, responsibility of the company or manufacturer, and amount of fair compensation for each plaintiff.

If a company’s actions have negatively impacted your physical and/or mental health, you may be one of many who can file a class action lawsuit for rightful compensation. However, while a class action lawsuit is being tried in court, your bills for medical care and daily expenses will start piling up. At-fault entities know this and will try to delay cases to force plaintiffs to accept lowball settlements.

A class action lawsuit loan can help you stay afloat while waiting so you win your rightful compensation. Contact us if you need lawsuit funding. Tribeca Lawsuit Loans has provided loans to plaintiffs in cases involving the IVC Filters and Camp Lejeune, as well as defective drugs like Truvada.

What is a Lawsuit Loan Cash Advance?

There are many terms for pre-settlement funding companies and the lawsuit loans they offer. While the words change, the essence of litigation funding remains the same. It acts as a risk-free cash advance on future compensation for your lawsuit case. Legal finance companies use your future settlement as the collateral on the lawsuit loan, giving you access today to the funds you will win when the case settles.

How Can Lawsuit Loans Be Risk-Free?

Lawsuit loans should always be structured as non-recourse loans. A non-recourse loan is very different from typical loans like home loans, car loans, and credit. A lawsuit loan uses your future compensation as the loan’s collateral. Because the loan is non-recourse, your future compensation is the sole source of money that can be used to repay the loan. Your income, assets, and property can never be attached to repay a lawsuit loan. The lender has no recourse to access your personal finances. In fact, if you don’t win your case, you don’t have to repay the loan!

This is why litigation funding companies say lawsuit loans are “risk-free.” Your personal finances are at no risk with a non-recourse loan.

When and How Do I Repay a Pre-Settlement Loan?

Because a lawsuit loan is a non-recourse loan, there is no need to make any payment until your settlement is funded. At that point, the system of repayment is simple:

  • Your attorney receives a check for the total compensation.
  • Your attorney cuts a check for the agreed-upon portion to repay the loan and sends it to the legal finance company.
  • Your attorney deducts their fees and sends you the balance.

Repaying the loan from a pre-settlement funding company is really that simple.

I Have Bad Credit. Can I Still Get a Lawsuit Loan?

Because lawsuit loans are non-recourse, your credit rating, income, property, and other assets should have no effect on whether you qualify for the loan. The best pre-settlement funding companies will never ask you for sensitive financial information because it has no part in repaying your loan.

If a legal finance company asks to run a credit report or investigates your finances, something is wrong. Either their loans are not structured as non-recourse, or they intend to sell your personal information. Either way — run!

How Will Interest Rates Be Calculated on a Lawsuit Loan?

Most litigation funding companies charge interest on their lawsuit loans. However, some legal financing companies advertise that they charge no interest at all. They charge a “fixed fee” instead. This is your cue to grab your wallet and read the fine print. This pay structure will eat right through your future compensation and may leave you with nothing.

The best lawsuit loan companies will charge only a simple, non-compounding interest rate. When speaking to you and your lawyer, a settlement funding company will assess your loan application on a case-by-case basis. They will determine the probability of winning and how much your settlement might be. Depending on these factors, the funding company will set an interest rate and explain it to you clearly.

Most reputable litigation funding companies will not charge one base interest rate. After consulting with your lawyer and before signing any official documents, you should know exactly what the interest is that they are charging you.

The best lawsuit loan companies should explain everything about the pre-settlement loan and interest rate in easy-to-understand language. This is critical, especially with the terms and conditions. There should be no hidden fees. The lender should be willing to help you with any questions you have about the loan and the application process.

If a legal lender is being difficult or pressuring you into signing when you do not fully understand the terms and conditions, find another institution. It can be very damaging to enter into a contract without fully understanding the details.

Will a Pre-settlement Funding Company Work Directly With My Lawyer?

The best pre-settlement funding companies will always ask to speak to the lawyer representing you. If the company you’re considering doesn’t, it may be a good idea to consider a different firm.

Your attorney has vital information that a litigation funding company needs to fully understand your specific need and facilitate an appropriate loan for you. In addition, your lawyer is crucial in helping the legal lender evaluate how much pre-settlement funding to offer you.

This matters a great deal because the very best lawsuit loan companies want to ensure that you come out of the entire experience with a significant portion of your compensation intact. Unfortunately, too many litigation funding companies are happy to let you run through your entire settlement just to repay a larger loan than necessary. If the company’s sole concern is making as much money as possible, they are not looking out for your best interest, and you need to work with someone else.

Do I Need an Attorney to Get a Lawsuit Loan?

The best pre-settlement funding companies will require that you have legal representation for your lawsuit. This protects both the lender’s interests and your own. Studies repeatedly show that experienced litigation attorneys are far more likely to win a case than individuals who represent themselves. The trained lawyer also consistently wins far higher compensation than those who represent themselves.

How Complicated is a Lawsuit Loan Application Process?

The best pre-settlement funding companies have simplified their lawsuit loan applications to just three simple steps:

  • You Apply: You provide your contact information and your attorney’s, the type of lawsuit you have, and the state where you are suing.
  • Application Evaluation: The legal finance company’s underwriters contact your attorney, crunch the numbers and determine the loan to offer.
  • Get Funded: Once all the loan documents have been signed, the litigation funding company will deposit your money into your account.

A critical point to consider when applying for a lawsuit loan. The best pre-settlement funding companies will charge no upfront fees. If there is a fee to apply or to process your loan application, this is not a company you should be doing business with.

How Quickly Can the Pre-Settlement Cash Advance Be Paid Out?

The average cost of a car accident in the U.S. is $78,900. Bills need to get paid, and legal finance companies know that time is of the essence. Therefore when all the legal documents have been signed, cash advances will be transferred usually within 24 hours. Reliable settlement funding companies will make sure the transfer is completed swiftly.

However, when you are in financial distress, it is easy to mistake “fast” legal lending for “good.” Therefore, look beyond the promised speed of a legal finance company to truly judge their quality.

What Qualities Make for the Best Lawsuit Loan Companies?

Legal lending is an honorable profession that helps people achieve the compensation they deserve. However, not all legal finance companies are reputable. There are plenty of sharks out there just looking to make a fast buck. When seeking out the best lawsuit loan companies, look for institutions that do (or don’t do) the following:

  • Charge simple, non-compounding interest rates.
  • Do not charge a “fixed fee.”
  • Do not charge application or processing fees.
  • Do not charge e-signature fees.
  • Do not charge excessive delivery and handling fees.
  • Do not charge brokerage fees.
  • Communicate well with your attorney.
  • Answer your questions clearly and in full.
  • Fund quickly, but never rush you to commit to a loan.
  • Have excellent reviews from previous clients.

Need a Lawsuit Loan? Apply to Tribeca today!


We’ve covered the following:

  • What a normal lawsuit loan application process looks like.
  • What to look for in the best lawsuit loan companies.
  • Red flags you should be aware of.

Now, let’s take a closer look at our 10 top-rated lawsuit funding companies in the U.S.


1. Tribeca Lawsuit Loans – (866) 388-2288

Headquartered in New York and Los Angeles, Tribeca Capital Group is a reputable pre-settlement funding company run by Rory Donadio. They help plaintiffs through financial hardship during expensive trials.

Tribeca’s settlement loans are 100% risk-free, as they are structured as non-recourse loans. This means you only pay back the cash advance when you win your case and have received the settlement.

Tribeca deals with nearly every type of lawsuit and is always happy to find a way to help you. Therefore, each case is assessed individually. This legal finance company speaks directly with your lawyer, and the application process is simple and fast. Within 24 hours, they can have a cash advance paid out to you.

Attorney at Law Magazine agrees: Tribeca Lawsuit Loans Rated #1 for Better Lawsuit Loans.


2. US Claims – (877) USClaims

According to USClaims funding reviews, this is one of the best settlement funding companies because, with over 20 years of experience, they were one of the first. Legal lending is still a young industry, and USClaims was there from the beginning. This is a friendly company with excellent client service. They offer pre-settlement loans for a variety of cases, including:

  • Car accidents
  • Medical malpractice
  • Surgery funding
  • Dog bite injuries
  • Premises liability
  • Slip and fall accidents

Their pre-settlement funding can be used to pay your household bills or cover any legal expenses you have. You can receive the lawsuit funding loan within 24 hours, with the exception of the weekend.


3. America Lawsuit Loans – (888) 335-3537

America Lawsuit Loans is a Florida-based legal finance company. They offer cash advances on their client’s future lawsuit settlement packages. Like every company on this list, their lawsuit loans need only to be paid back when you win your case.

Approval of a lawsuit loan happens in 24 hours. They specialize in a large range of different cases, including product liability, personal injury, car accidents, and employment cases. They do not perform credit checks, and the approval depends solely on the individual cases.


Direct Legal Funding is a New York-based litigation funding company that helps with cash advances when you are facing a lawsuit. Direct Legal Funding will speak to your lawyer to assess if you are eligible.

They deal with cases of personal injuries, car accidents, and workers’ compensation. They operate on a no-win-no-fee basis.


Legal Bay is a New Jersey-based pre-settlement funding company. Helping injured parties with legal funding when facing a lawsuit so you can pay your bills or cover expensive legal fees. They will speak to your attorney to determine whether you are eligible for financing.

Legal Bay deals with various different cases, including wrongful imprisonment, sexual harassment, and wrongful death, to name a few. They have a simple online application form, and they approve legal funding in 48 hours.


6. DRB Capital  – (877) 300-1674

Based out of Delray Beach, Florida, DRB Capital helps with structured settlements and is specialized in annuities. They deal with lawsuits related to personal Injury, medical malpractice and others.

DRB Capital has an excellent reputation on multiple independent review platforms and has been in business for over a decade strong.


7. Peachtree Financial Solutions – (866) 581-6225

Based in Pennsylvania, Peachtree Financial Solutions is a legal finance company that provides loans to people facing lawsuits using their future settlements as the loan’s collateral. The lending amount depends on the value of your potential settlement. They will deal with your lawyer directly, who will then need to fill out the claim form, after which a contract will be sent to them.

Peachtree Financial Solutions deals mainly with product liability, personal injury, medical malpractice, wrongful death, and premises liability claims. They approve loans within 48 hours, and they can have the money in your bank account in up to 3 days, depending on the amount.


8. Liberty Settlement Funding – (855) 643-0333

Liberty Settlement Funding is a Florida-based personal injury funding company. They help people in financial need with pre-settlement funding to pay their regular expenses on top of potential medical bills and an expensive lawsuit. They will look at your individual case and cater to your specific needs.

This litigation funding company has a quick approval procedure and can have funds paid out within 24 hours. They have experience with premises liability, work injuries, product liability, Jones Act cases, medical malpractice, mass tort, road accident cases, and many more.


9. Signal Funding – (800) 635-1167

Based in Florida, Signal Funding offers lawsuit funding loans assessed within 24 hours with an easy application process. They deal with accidents, product, and premises injury cases, workplace accidents, and worker’s compensation claims.

Signal Funding pre-settlement funding or consumer litigation funding is non-recourse based, like the other companies on this list, which gives them a no-win-no-fee structure.


10. Oasis Financial – (877) 333-6680

Founded in 2003, Oasis Financial has emerged as one of the best pre-settlement loan companies in the United States. The company’s founders are attorneys who saw how their clients struggled to pay their bills during a lawsuit. As its namesake suggests, Oasis Financial seeks to offer a financial reprieve to those seeking justice.

Oasis Financial has a sterling reputation and carries an A+ rating from the Better Business Bureau, making it a reputable partner for anyone seeking legal funding. Their amount of legal funding ranges from $500 to $100,000. Over nearly two decades since its inception, the company has assisted over 250,000 clients in securing the compensation they deserve.

Choose the Best Lawsuit Loan Company for You

At Tribeca Lawsuit Loans, we help plaintiffs resist the delays and lowball offers from defense attorneys so they can win the compensation they deserve. We welcome your questions before, during, and after the loan application process. You can contact us online or give us a call at (866) 388-2288. A friendly team member will be happy to assist you!

You can apply for a lawsuit loan by phone or visit our Apply Now page to get started! Soon, the financial pressure will ease so you can get the compensation your case deserves.

How Long Does A Settlement Check Take To Clear?

How Long Does A Settlement Check Take To Clear

A settlement check can take about six weeks after negotiations between parties to clear. However, this estimated period can be delayed by weeks or even months by a number of variables, which can put a lot of stress on injured victims. Even after a check is received by your law firm or personal injury attorney, they still have to make all necessary deductions before you receive your balance of the settlement award.

How long does a settlement check take to clear, and what are the factors that can delay your settlement check timeline? Read on and find out what you can do to shorten the process, as well as how pre-settlement funds can help when you experience prolonged delays.

The Personal Injury Settlement Process

According to the Bureau of Justice, just 4% of all personal injury claims go to trial. In most cases, you or your personal injury lawyer will have an out-of-court agreement with the at-fault party and their insurance company.

A settlement is a legally binding agreement that concludes the dispute between yourself and the at-fault party. Once a case has been settled, you won’t be entitled to make a later claim for damages related to the incident involving yourself and the at-fault party.

Settling a personal injury claim is typically in the interest of both parties, as it saves you and the at-fault party valuable time and money spent waiting for the court’s decision. Once a settlement agreement has been successfully negotiated, the steps towards your check’s release can start.

The 5 Steps To Getting Your Settlement Funds

Accepting the settlement funds offer from the other party is only the beginning. These are the five steps that need to be completed before your settlement money can be deposited into your escrow account.

Signing Of Release Forms And Other Documents

Signing a release form shows that you agree to the settlement money being offered and you will no longer pursue the other party for later legal claims related to the events that caused your personal injury.

Both you and your lawyer should read the form carefully before you sign it. If there are any terms you don’t understand, don’t be afraid to ask for a simplified explanation. This ensures that you know the precise conditions you’ve agreed to. Your attorney will then send the signed release forms back to the other party’s insurance company.

Note that, if there are multiple parties involved, you may need to sign several release forms. One party may disagree with some of the terms in the form, which will result in a new form being drafted.

Processing For Signed Release Forms

Once the other party’s insurance company receives your signed release forms, it will start processing these. On average, this should take the insurance company seven to ten business days to complete. However, note that some companies may take the maximum allotted time period of 30 days to finish processing your forms.

After the insurance company processes your forms, it will issue a check and send it to your law firm. The check is typically payable to both you and your personal injury lawyer.

Depositing The Settlement Proceeds Check Into Escrow

Once your lawyer has received the personal injury claim settlement check, they will deposit this into an escrow or trust account. It will stay in this account until the issuing bank clears it to ensure that the at-fault party’s insurance company has enough money to pay for your settlement agreement.

Covering Various Unpaid Debts

When your settlement check has been cleared by the bank, your lawyer will use a portion of this money to pay off unpaid bills related to your personal injury case. These include:

  • Medical treatment bills
  • Health insurance company payments, if they covered medical expenses related to your injury
  • Legal fees to any attorneys you may have hired before your previous counsel
  • Child support

It’s important to pay your liens to medical providers, insurers, and government agencies. Otherwise, you may incur serious penalties. Talk to your lawyer if you have any questions about how these debts affect your settlement.

Paying Legal Fees

After paying off the outstanding medical liens and debts to other related parties, your lawyer will deduct the agreed-upon legal costs from your settlement money. Before you hire a lawyer, you sign an attorney-client contract that specifies the percent of the settlement they will receive as legal costs.

Legal costs can vary from case to case, but they typically cover the following:

  • Gathering medical records and other evidence from medical providers
  • Expert witness fees
  • Court reporting costs
  • Deposition-related costs

Ask your lawyer for an itemized statement of your legal expenses, especially if you have any issues with the total cost.

Receiving The Remainder Of Your Settlement Money

Once you’ve checked your lawyer’s itemized statement and paid off your legal bills and liens, your lawyer will send you a check amounting to the remainder of your settlement.

What Are The Common Reasons For A Delayed Personal Injury Settlement Check?

While it shouldn’t take more than a couple of weeks for your attorney to receive a settlement check after the settlement process has successfully concluded, there are some things that can delay payment. Here are the most common reasons why victims experience prolonged delays in their settlements:

Prolonged Processing By Insurance Companies

On average, insurers take seven to ten business days to process your release forms. However, some companies only write checks on certain days of the week or process payments only several times a month.

In other instances, there may be simple clerical errors that delay the processing of your paperwork. All of these internal issues and protocols can extend the process up to a maximum of 30 days.

Check Clearance Times

When your attorney’s law offices receive the check from the at-fault party’s insurer, they deposit it into an escrow or trust account and wait for the issuing bank to clear it. It can take five to seven days for the check to be cleared.

However, expect delays if this check is deposited into an escrow account on a weekend or a holiday such as Labor Day or Thanksgiving. This is because weekends and holidays are not included in the issuing bank’s clearing period.

Complications With Liens And Bills

If you have outstanding medical bills or medical liens, your attorney will pay these off using your settlement award. Settling bills is normally straightforward, but if the state puts liens against your settlement, it can take months to resolve.

Your lawyer can only deduct legal fees from your settlement after these bills and liens have been resolved. If you have any issues with the breakdown of your legal expenses, this will delay the release of your settlement check even further.

How Can You Speed Up the Delivery of a Settlement Check?

There are some things that you can do to shorten the timeline of your settlement check’s delivery. Streamline the settlement process by doing the following:

  • Talk to your attorney about your outstanding liens and bills for quick payment once your settlement check arrives.
  • Prepare a release form in advance. Once you and the other party agree on an amount for the settlement, all you’ll have to do is make minor changes to reflect that value on the prepared form. Then, it’ll be ready for quick signing and sending to your law firm.
  • Communicate regularly with your attorney, and don’t delay sending documents or signing required forms. This will help your lawyer ensure that settlements finalize as quickly as possible.

You may find that, despite doing all of these steps, you’re still waiting for a long time for your settlement. During this period, your living expenses and other bills may pile up, putting financial stress on you and your loved ones. One solution to this is pre-settlement funding.

What Is Pre-Settlement Funding?

Pre-settlement funding is a form of non-recourse finance. This is also known as a lawsuit loan, litigation funding, or a legal cash advance.

“Non-recourse” means that this is risk-free to your personal finances, as the only collateral for the loan is your settlement money. If your case is settled, your income, home, and other personal assets can’t be used to repay this advance. If you lose your case, you won’t have to repay your legal funding loan.

If you apply for legal funding with Tribeca Lawsuit Loans, you can get an advance worth around 10% to 30% of your personal injury settlement. The amount will depend on the circumstances around your case, such as who is liable for your injury, the scale of your damages, and the other party’s coverage.

Once we learn more about your claim, we’ll have a better estimate of how much we can offer you in legal funding. Contact us for a free consultation to find out how much you can receive as a lawsuit loan.

Get Pre-Settlement Funding Today With Tribeca Lawsuit Loans

Legal funding can help cover your medical bills, lost wages, and other expenses while you wait for your settlement. Apply for lawsuit funding with Tribeca Lawsuit Loans for free! Just call us at (866) 388-2288 or visit our Apply Now page to get started.

We’ve provided up to $45 million in lawsuit funding to our clients, easing their financial burdens. Let us give you the resources you need while waiting for a court decision or check clearance!

Is A Knee Injury Settlement Calculator Reliable?

Image of a knee injury settlement calculator used in personal injury loans

Have you suffered a knee injury in an accident, such as a slip-and-fall incident or a car accident? A generic knee injury settlement calculator can only give you a rough idea of your estimated settlement value. Every settlement amount is unique depending on the circumstances of a knee injury.

How can you calculate the fair settlement you’re entitled to in a knee injury case, and what factors affect your knee injury settlement value? Read on to find out more so you can plan for your financial future.

Each Personal Injury Case Is Unique

It’s difficult to give an exact estimate of a knee injury settlement’s value. While some generic online calculators can estimate this amount, they rarely reflect the final claim value. This is because each injury case is unique and has circumstances that can impact how much compensation you’re entitled to.

How Can An Auto Accident Cause A Knee Injury?

Car accidents such as head-on collisions and sideswiped can cause different kinds of serious injuries, including knee injuries. Some of the most common knee injuries include:

  • Broken bones
  • Kneecap fractures
  • Meniscus tear
  • Torn or sprained ligaments
  • Bruises and contusions

Some victims of motor accidents think that they don’t have a knee injury just because they don’t feel any immediate physical pain. However, such an injury and its effects on your health can take a while to be felt.

Always seek medical treatment immediately after being involved in a car accident. This will document the extent of your injuries for your personal injury settlement, as well as determine the amount of medical care and physical therapy you’ll need.

If you delay getting treatment, this can have a negative impact on your personal injury settlement. The other party’s insurance company may question the severity of your injury if you wait too long to see a doctor.

How Can You Estimate the Potential Value of A Knee Injury Settlement?

The right equation includes the following elements of your knee injury case to estimate the potential value of your knee injury settlement.

Severity Of Knee Injuries

Simply put, more serious knee injuries are entitled to higher compensation than minor injuries. For example, a few bruises won’t get you as large an award as a severe injury that requires multiple knee surgeries or a knee replacement.

Some serious knee injuries don’t just need immediate medical care – they may also require physical therapy so you can fully recover. Apart from the cost of your immediate emergency medical care, any knee surgery and physical therapy will be factored into your estimated settlement amount.

Your injury may also require continuous medication, consultations with specialists, and equipment for mobility. Your injury settlement should also account for these future medical bills.


Auto insurance laws differ from state to state. Some states have at-fault insurance laws, where both your liability and that of the other party can affect your settlement award. If you’re found to be partially at fault for a car crash, this could reduce your settlement from the other party’s insurance company.

Liability can take time to prove, whether in negotiations or during court proceedings. The at-fault party’s insurance company may take advantage of this and lowball the offer. As bills continue to pile up and legal processes grind on, victims may end up settling for these unfairly low amounts just to cover their expenses.

In this scenario, pre-settlement funding a.k.a. a lawsuit loan can give you the resources you need to successfully resist a low offer and fight for a fair settlement amount. By getting a no-risk cash advance on the value of your settlement, you get enough money to cover immediate expenses such as medical bills and living expenses.

Pre-Existing Injuries

If you already had a pre-existing knee condition or degenerative knee complaint, this may reduce the amount of your knee injury claim. However, this doesn’t mean that you won’t be entitled to compensation. Consult your lawyer to find out more about the impact of your pre-existing conditions on your knee injury settlement value.

Pain And Suffering

In some knee injury lawsuits, victims find that they suffer emotional pain and suffering after their accident. They may experience issues such as sleepless nights, stress, and panic attacks. These are categorized as non-economic damages for which you should be rightfully compensated.

Lost Income And Effect On Employment

Many victims need time to recover from their injuries, resulting in time off from their job. In the most serious knee injury claims, some victims can no longer perform their old jobs. Your potential settlement must factor in lost wages from missed days of work, as well as the accident’s negative impact on your ability to support yourself.

Property Damage

You may also have suffered damage to your property, such as your car or your home, as a result of an auto accident. Your personal injury claim should also include the cost of repairs or replacement of damaged property.

There’s No Substitute For Expert Legal Advice

The more of the above factors involved in your personal injury, the more complicated your case gets. Consult an experienced personal injury lawyer to find out more about the settlement process and how you can get the maximum settlement value.

A personal injury attorney can tell you more about the average settlement amount in personal injury cases similar to yours. They can also help you get the documentation you’ll need for a personal injury claim and negotiate with the at-fault party and their insurer.

Personal injury lawyers are more successful than victims at negotiating settlements. They are more likely to win the case in court, as well as get a larger settlement amount. If you’re worried about the cost of legal counsel, fret not – a lawsuit loan can help you cover your legal fees and your living expenses.

What Is A Lawsuit Loan?

Lawsuit loans, also known as pre-settlement funding or lawsuit funding, are risk-free cash advances on your knee injury settlement. It’s risk-free because if you lose your case, you won’t have to repay it. If you win your case or settle out of court, the only collateral that can be used to repay it is your settlement award. A funding company can’t force you to use your income, assets, and personal property to pay off this loan.

Waiting for a knee injury settlement can be a lengthy process, and as you wait for your claim to be processed, your bills will start to pile up. Lawsuit loans help you access funds from your settlement now, so you can pay off these expenses and focus on your recovery.

These cash advances can also help you resist settling for a lowball knee injury settlement offer because you have enough funds to pay your bills and lawyer. Because funding companies don’t get anything unless you win or settle, they may even offer additional case funding so your lawyer can hire expert witnesses, gather documents, and get the time they need to prove your claim.

Tribeca Lawsuit Loans offers lawsuit loans with fair, transparent interest rates and no hidden fees. Contact us through our site details to find out how you can apply for pre-settlement funding!

Apply For A Knee Injury Settlement Loan For Free!

Tribeca Lawsuit Loans offers pre-settlement loans for personal injury claims, including knee injury lawsuits. We can offer up to $2 million for a knee injury lawsuit cash advance, and we’ve lent an estimated $45 million to our clients in different states.

Our knee injury loan application process is quick, easy, and free. In some cases, we can even approve an application within 24 hours and send a settlement cash advance right away. Contact us by calling (866) 388-2288 or click Apply Now and one of our team members will happily assist you.

Get the financial resources you need to resist a low offer and pay your living expenses. With help from Tribeca Lawsuit Loans, you’ll be able to fight for the settlement amount you deserve!

This is a better fit and has a better flow – whilst keeping “personal injury settlement calculator” phrase.

The 6 Best Car Accident Loan Companies

Filing a car accident case can help injured plaintiffs financially recover from a motor vehicle accident. A fair lawsuit settlement would cover treatment for serious injuries, property damage, and other expenses incurred.

However, they may wait for months before their cases get resolved. Bills keep piling up in the meantime, putting financial and emotional stress on auto accident victims. Thankfully, a car accident cash advance can take that heavy burden off your shoulders.

Tribeca Lawsuit Loans is one of the best car accident loan companies, and we’d be happy to give you pre-settlement funding if you qualify. But should you choose to get a cash advance elsewhere, we also recommend five other great companies in our guide.

Read on to find out which companies made our list of the best car accident loan companies, why we recommend them, and how a cash advance can ease your auto accident woes.

What Is A Pre-Settlement Advance?

Also known as lawsuit funding or a pre-settlement loan, a pre-settlement advance lets you borrow money and repay it when you receive your case settlement. While it’s often referred to as a loan, it’s not a traditional loan – instead, it’s a non-recourse loan.

This means your loan’s repayment is tied to the result of your auto accident case, with the settlement amount serving as collateral. If your car accident attorney or law firm wins your lawsuit, you repay your car accident loan using your settlement money. But if you lose your case, you won’t have to repay your car accident settlement loans.

A pre-settlement car accident company has another big advantage over traditional lending institutions. Unlike credit card companies or banks, lawsuit loan companies won’t demand that you use your income, personal property, or other assets to repay your auto accident loan. This is always clearly stated during your car accident loan application to protect your consumer rights.

Why Should I Get A Car Accident Loan?

Waiting for auto accident claims to be resolved can be a long, tiring process – it can take months or even years for a court to make a final ruling. During this time, auto accident victims may be hard-pressed by costs like utilities, medical bills, and credit card payments. But because of their injuries, they may find it hard to pay these off.

The at-fault driver’s insurance company may take advantage of this to dig in their heels and delay offering a settlement. These companies will hope that the financial stress will make you accept a low car accident settlement.

With car accident lawsuit funding, this won’t be an issue. You’ll have financial relief for your legal fees and other expenses while your case is being tried. This gives you the resources you need to resist an unfair offer, so your lawyer can win the best possible settlement for you.

Why Are You Recommending Other Funding Companies?

We’re recommending other funding companies because we want to make sure that you get enough car accident lawsuit funding to win your case, even if it’s not from Tribeca. We’ve funded many car accident loans over the years, but some car accident victims may have to seek cash advances elsewhere.

Sure, there are many websites online that claim to do rankings for the best legal funding company. However, many of these pages are little more than paid ads written by people who aren’t even in the industry.

We’re familiar with the services provided by each car accident funding company on this list as we all operate in the same field. All of these choices have great customer service, flexibility, and experience with personal injury cases. We also make it a point to know what kind of feedback they get because that pushes our company to improve as well.

This makes our guide much more reliable for those who need a pre-settlement cash advance.

The 6 Best Car Accident Loan Companies

If you’ve filed or are planning to file a car accident claim, you may need financial assistance while waiting for your case to be resolved. These are six of the best companies for a car accident settlement advance.

Tribeca Lawsuit Loans

Phone number: (866) 388-2288

Tribeca Lawsuit Loans has funded thousands of pre-settlement auto accident loans as well as loans for other personal injury cases. We put our company on this list because of our fair interest rates, highly responsive customer support team, and transparent application process.

A quick look at Trustpilot reassures many applicants that we have a sterling reputation, with nearly 250 reviews earning 4.4 out of 5 stars. Testimonials regularly vouch for the helpfulness of our team, which gives clients much-needed support while they recover from motor vehicle accidents.

Our application process is also straightforward – we don’t require credit checks, employment verification, or an income threshold. We give anywhere from $500 to $2 million, depending on the nature of the personal injury lawsuit. Applicants may also qualify for additional litigation funding to get extra resources to win their case.

Contact us for a free consultation about your case and how big a car accident advance you’ll need. We’d be happy to walk you through our services and check if you qualify for an auto accident settlement loan from us.

Direct Legal Funding

Phone number: (866) 941-5588

New York-based Direct Legal Funding is one of the most highly respected legal funding companies. This company prides itself on being able to send a risk-free cash advance to your bank account within 24 hours of receiving your verified documents, just like Tribeca Lawsuit Loans.

Similarly, Direct Legal Funding doesn’t require credit checks. It also doesn’t require monthly payments for your car accident settlement loan. It boasts interest rates as low as 2%, which makes its car accident settlement loans more affordable for plaintiffs.

Note that this company doesn’t set an upper limit for the amount you can take out in a car accident lawsuit loan. While this is an advantage if you expect a large settlement that will take time to prove, it can be a heavy loan to repay.

America Lawsuit Loans

Phone number: (888) 335-3537

America Lawsuit Loans is a Florida-based pre-settlement funding company. It offers auto accident settlement loans as well as legal funding for other cases like:

  • Personal injury lawsuits
  • Employment disputes
  • Product liability cases

America Lawsuit Loans doesn’t require credit checks for its qualified applicants. Its application process is free, and you won’t be required to repay your car accident loans if you lose your case.

Note that this company doesn’t have many customer reviews online. It only has a single review on Trustpilot and an overall rating of 3.7 out of 5 stars on the site. While this isn’t necessarily a red flag, customer feedback is invaluable for gauging the quality of service and overall client satisfaction.

US Claims

Phone number: (877) 872-5246

US Claims has over two decades of experience in lending pre-settlement auto accident loans. It’s known for giving lawsuit funding for a variety of cases, such as auto accidents, dog bite injuries, and slip-and-fall cases. It can grant lawsuit funding in amounts ranging from $500 to $1 million, depending on the circumstances of your case.

Because of its warm customer service and fast application process, US Claims has earned a top spot on our list. It has a decent amount of client feedback on Trustpilot as well, with nearly 80 reviews on the site and a 4.7 out of 5-star rating.

Note that it doesn’t operate in every state. If you live in Arizona, Mississippi, or other states where it doesn’t offer funding, you’ll have to get an accident loan elsewhere. US Claims also doesn’t count weekends in its 24-hour approval window, so you’re better off applying with other companies if you need an auto accident loan over the weekend.

DRB Capital

Phone number: (877) 300-1674

DRB Capital, based in Florida, offers lawsuit funding through products like structured settlements or lump-sum payments. Apart from giving accident loan annuities, it also offers structured settlement payments for car accident loans. Known for good customer service, the company connects clients to specialists who will walk them through the application process.

As with Tribeca, DRB Capital can send pre-settlement car accident funding within 24 hours of application approval. However, it doesn’t serve clients in every state. If you live in Arizona, Arkansas, Illinois, Maryland, Minnesota, or Nevada, DRB Capital can’t give you a car accident loan.

DRB Capital also has limited feedback from its customers, with only 13 reviews on Trustpilot. While it does have a high rating of 4.4 out of 5 stars on the site, the scarcity of its client testimonials could be discouraging for some applicants.

Bridgeway Legal Funding

Phone number: (800) 531-4066

New York-based Bridgeway Legal Funding has been offering pre-settlement loans since 2009. Like Tribeca, it offers non-recourse car accident loans. This means you don’t have to repay your Bridgeway car accident cash advance if you lose your case.

If you need immediate car accident loans, Bridgeway can grant one within 24 hours of approving your application. With over 300 reviews on Trustpilot and a rating of 4.8 out of 5 stars, you can sift through the customer feedback and see a long history of good service. It’s also responsive to customer reviews on the site, which is a promising sign that the company cares about customer satisfaction.

However, the company needs to improve its pricing transparency. Its sites don’t indicate what flat fees it charges (if any) or if it charges compounding interest. If you’re considering getting a car accident loan from Bridgeway, ask about all extra costs on top of the principal of your lawsuit funding.

Get Car Accident Lawsuit Funding From These Reliable Companies

For many victims, a car accident cash advance is the most affordable way to pay off living expenses while waiting for their settlement. If you plan to file a motor vehicle accident claim, consider applying for car accident settlement loans from the six companies in our guide.

Do you live in a state that isn’t served by the other companies on our list? Get a free consultation from us – just send us a message or give us a call at (866) 388-2288. With an auto accident settlement advance from Tribeca, tomorrow’s settlement can cover today’s needs.

FAQs About Car Accident Loans

Can a lawsuit loan company restrict how I spend my car accident settlement loan?

No, as a general rule, most lawsuit advance companies offer car accident lawsuit funding without any restrictions on how you spend the money. This gives you the freedom to spend it on any expenses while waiting for your car accident settlement, such as:

  • Medical bills for immediate care and future treatment
  • Rent or mortgage payments
  • Property repair or replacement
  • Replacement of lost wages
  • Other daily living expenses

Can I get car accident lawsuit funding without a lawyer?

No, you can’t get car accident lawsuit funding from a reputable company without approval from your car accident lawyer. If a company offers loans for your car accident claims without your lawyer’s approval, this is a big warning sign to steer clear.

Note that your accident attorney can’t stop you from getting an auto accident cash advance if you think it’s the best decision. If you think you should get car accident loans, you can hire a new lawyer to represent you and get their approval instead.

How much will my pre-settlement car accident loan cost me?

Your pre-settlement car accident loan won’t cost you a cent until the case has been settled. If you win, then your settlement will be used to pay off your auto accident pre-settlement loans. But if you lose your motor vehicle accident case, you don’t have to repay your cash advance.

What should I look for in a car accident lawsuit advance company?

You should look for the following qualities in a car accident lawsuit advance company:

  • A clear and simple application process – extra points if you can apply online
  • Transparent interest rates
  • No hidden fees
  • Responsive, friendly customer service
  • Fast approval of lawsuit settlement loans

If a company has these qualities, you can expect that the process of getting and paying off loans for car accident lawsuits will be easy and hassle-free. Contact us if you have questions about our application process, fees, and interest rates – we’d be happy to help you out!

The 5 Best Litigation Finance Companies

When people look for litigation funders, their online searches may lead them to pages that claim to rank companies based on funding, customer service, and the ease of their application process.

When people look for litigation funders, their online searches may lead them to pages that claim to rank companies based on funding, customer service, and the ease of their application process. But in reality, many of these pages are little more than paid advertisements written by people who don’t have a clue about lawsuit financing. Few of them offer relevant insights about the services of these litigation finance firms, let alone explain why you should choose them over the rest.

  1. Tribeca Capital Group
  2. Lex Shares
  3. Omni Bridgeway
  4. Burford Capital
  5. Nera Capital

This is why our litigation financing company has decided to do something different. We’ve listed five of the best litigation finance companies. Yes, we compete with them in the litigation finance industry, but this is precisely why our recommendation is more trustworthy. We’ve studied each company’s background, experience, and quality of service, making our feedback far more reliable than that on LinkedIn or Yelp.

We hope that you’ll rely on our litigation funding firm in the event of a pending lawsuit. However, if you choose to take your business elsewhere, we still want you to get help from the top litigation firms – and these are the companies we consider the best.

The 5 Best Litigation Funding Firms

Tribeca Capital Group

Headquartered in Los Angeles, California, Tribeca Capital Group offers lawsuit cash advances to clients in the United States. All too familiar with the slow pace of the legal system, the company disburses cash advances in as little as 24 hours. Its simple, straightforward, and fast cash advance approval process has helped thousands of litigants pursue their claims, with funding ranging from $500 to $1 million.

Unlike other companies that offer non-recourse litigation funding, Tribeca doesn’t require credit checks. It also doesn’t require personal asset valuation from your law firm or business partners.

We believe that our funding company has the experience, quality of service, and resources that earn it a spot in the top five companies. Apart from earning a sterling 4.4 out of 5 stars rating on Trustpilot, this rating was garnered through nearly 250 reviews. We also maintain rigorous ethical standards as a proud member company of the Consumer Attorneys Association of Los Angeles (CAALA) and the Alliance For Responsible Consumer Legal Funding (ARC).

Tribeca Capital Group funds a wide range of lawsuits, such as commercial litigation cases, sexual harassment lawsuits, and whistleblower cases. Reach us through our contact page for a free consultation on your case – our team is standing by and ready to help.


Founded in 2014, LexShares’ main offices are based in Boston and New York. The company’s non-recourse financing means law firms and businesses that avail of its services have no obligation to repay if the case is lost. LexShares assesses claims through a comprehensive analysis of damages, the expected litigation budget, and the client’s engagement structure with their attorneys.

It could take up to a week for LexShares to approve an application, which puts this company out of reach for businesses in need of immediate financial relief. The company also assesses an applicant company’s creditworthiness, so those with a shakier financial situation may have to look elsewhere.

However, LexShares enjoys an excellent reputation with clients and its industry peers alike, having funded single cases with as much as $3.5 million. It’s also handled case portfolios for companies and law firms, with multiple lawsuit settlements serving as collateral.

Ranked by Chambers and Partners in its 2021 and 2022 Litigation Support Guide, LexShares has earned high praise for its flexibility and efficiency.

Omni Bridgeway

Listed on Australia’s stock exchange, Omni Bridgeway is another top choice for global lawsuit financing. The company operates in 23 international locations and offers financing solutions from all stages of litigation ranging from case inception to post-judgment recovery and verdict enforcement. They work around the clock in different time zones, so their expertise is within reach any time your needs arise.

The company has years of expertise in providing funding in civil and common law jurisdictions. As recently as August 2022, Omni announced that it had as much as $1 billion ready to invest in litigation opportunities, attesting to the company’s financial soundness and capacity to accept various claims.

We highly recommend Omni because of its experienced legal and arbitration team, with over 20 members recognized in Who’s Who Legal Thought Leaders in 2020 and 2021. Omni was also honored with the Canadian Lawyer Readers’ Choice Award as a Top Litigation Funder in 2018, 2019, and 2020.

Burford Capital

With six main offices found in North America, England, and the Asia-Pacific region, Burford Capital offers legal finance and risk management services to businesses across the globe. To date, the company has received 11,000 funding requests over its 13-year record of profitability.

In 2021, Burford committed a total funding of $1.1 billion to various companies and law firms. Apart from building accurate litigation budgets, the company helps clients with expense management and offers competitive prices on its funding offers.

The company also stays abreast of the latest legal and financial developments worldwide by hosting events, holding webcasts, and regularly publishing its financial review, the Burford Quarterly. Like Tribeca, Burford’s investments are typically non-recourse, giving clients a financing option that poses no risk to their personal assets.

Nera Capital

Based in England and Ireland, Nera Capital has decades of experience in investing in litigation finance. The company has helped over 26,000 litigants since its founding, with a team that boasts fast in-house decision-making. Nera Capital’s application process can take several days, but as an upside, they also consider new types of claims and class actions that they don’t even list on their site.

Like Tribeca Capital Group, Nera Capital doesn’t require monthly payments of interest. Another similarity it has to Tribeca is that it doesn’t restrict the use of your borrowed funds, allowing businesses to manage their cash flow.

Nera Capital also has strong ties to various organizations and companies within the industry, such as after-the-event (ATE) insurance companies, litigators in law firms, and claim originators. This gives them a wealth of knowledge to assess your estimated compensation and determine your loan amount with high accuracy.

What Is Litigation Finance?

Litigation finance, also known as litigation funding, dispute finance, or third-party lawsuit funding, gives capital to a litigant while they await the outcome of their suit. Such a financial arrangement is offered to individuals, businesses, and law firms, with the future proceeds of their lawsuits serving as sole collateral. This allows parties to cover their litigation expenses and other costs without jeopardizing their company or firm’s bottom line.

What Should You Look For In A Litigation Funding Company?

Litigants should compare company benefits, track records, and industry acknowledgments to find the best third-party funder – these are qualities that every reputable funding company should have. Here’s why:

Reasonable Interest Rates

While many lawsuit funding companies offer fast access to a portion of your settlement, they may charge unreasonably high interest rates. Compare each lender’s rates and keep an eye out for flat-rate versus compounded interest.

Clear, Straightforward Contract Terms

A lending company’s financing agreement should list all charged fees, whether one-time or recurring. It should also clearly write out the contingency nature of the funding, the party responsible for paying the company, and how the company is compensated in exchange for funding.

In addition, their proposed arrangement should also state where and when the company’s compensation will be paid out. This prevents future misunderstandings and allows straightforward recovery in the event of a successful trial.

Control Over Your Lawsuit Matters

A funding company only provides the money you need to answer for expenses during your lawsuit, like attorney fees. Consequently, the company shouldn’t be able to dictate your lawyer’s legal strategy or bar you from pursuing certain suits. If a company’s funding documents state that they can have some form of influence over your chosen legal avenues, this is a warning sign to steer clear.

Benefits Of Litigation Finance

Some plaintiffs may wonder why they should get capital from a litigation finance company instead of traditional lending institutions, such as banks or credit companies. Here are compelling reasons why you should work with a litigation funder.

Flexibility Of Agreement

Typical lending institutions will require clients to state their intended use for loans, and the use of this money is limited strictly to this purpose. This is where a litigation finance company presents you with a major advantage: the ability to use your borrowed funds as you see fit.

Litigation funding can be used to cover litigation costs, the expenses connected to filing legal disputes, and even other reasonable expenses that are necessary for a plaintiff. For example, litigation funding may be used to cover operational costs to protect a business from the risk of closure during lengthy trials.

Its financial resources can also be used to help litigants pursue contingency litigation that would otherwise be too costly. Litigation finance gives claimants and their lawyers a flexible source of money, helping them resist an unfairly low settlement offer. This improves the chances that lawsuits will be tried in court based on justice and merits, as opposed to the financial strength of the parties.

Immediate Accounting Benefits

Self-funding cases can have a negative impact on your books. Because this adds to your operating expenses, it reduces your overall profit – potentially rattling existing partners and scaring off future investors.

However, litigation funding doesn’t get added to your operating expenses. In some cases, it can even be considered revenue. Because it doesn’t go on your expense column, it frees up working capital for other high-priority business costs. This can paint a better financial picture for a law firm or company, allowing business to go on as usual.

Freedom From Rising Interest Rates

Traditional debts such as conventional loans are typically tied to the Federal Reserve’s interest rates. This means the cost of a loan can increase at any time, potentially putting a lawsuit out of your financial reach.

In comparison, the interest rates and terms of a litigation funding loan are set based on the strength of claims, the size of their expected settlements, and the dispute’s collectibility.

Protection Of Personal Assets

Interest-bearing loans from banks or other lending institutions will require a client to repay the loan’s value with interest, even if they suffer a loss in court. But because litigation funding is non-recourse funding, litigation financing companies only collect a return on their investment when a lawsuit is successful. This protects companies and law firms from the onerous burden of a traditional loan’s debt obligation, regardless of the result in court.

The nature of litigation finance agreements means that the lawsuit’s settlement is collateral. This protects a law firm’s partners or company’s board from demands on their personal assets.

Sufficient Time To Build A Strong Case

Preparing for a lawsuit can be an expensive endeavor, especially if a defendant’s counsel or insurance company employs delaying tactics. Because of how long it can take to reach a verdict and settlement, many defendants end up folding despite the strength of their claims.

The backing of a litigation finance company helps businesses and law firms afford legal representation and other resources to win cases in their respective courts. With this financial help, plaintiffs can hire persuasive expert witnesses, compile all necessary evidence, and consult companies about all issues related to their situation.

Consult Us For Litigation Financing Solutions

Resisting lowball offers from defendants and their attorneys is a difficult task on its own, let alone when juggled with operational concerns. Tribeca Capital Group offers flexible funding so you can pursue legal remedies without hurting your company’s finances. Depending on the analysis of your case, you can receive litigation funding ranging from $500,000 to $1 million.

Reach out to us for a free case consultation through our contact page. We’ll reply to you right away with an amount estimate so you can apply immediately and get much-needed financial resources to fight for the compensation your company deserves!

How Much Can Child Support Take From Settlement?

Image posing the question of how much can child support take from a personal injury settlement?

How much child support will be taken from your personal injury settlement will depend on a few factors, including whether you’re behind on your payments, how much you owe, whether you receive a large settlement, and your state laws.

After an injury or an accident, your child support obligations may be the last thing on your mind. Especially as medical bills pile up and you lose income from missing work. But if you do miss your payments, bear in mind that the state can deduct your child support arrears from your personal injury award.

How much can child support take from settlement funds for personal injuries? Let’s find out.

Understanding Personal Injury Settlements

A personal injury settlement is an agreement that states that an injured person has agreed to accept money from the person(s) who caused them harm. Entering such a contract means that the injured person releases or absolves the other party from any liability incurred from the circumstances that led to the injury.

The most common personal injury claims are for:

What is the Average Amount You Can Receive For a Personal Injury Settlement?

The average amount you can receive from a personal injury case can range anywhere between $3,000 to $25,000. What counts as fair compensation will depend on things like the severity of your injuries, your medical expenses, the pain and suffering the injury caused you, and income lost due to absence or loss of employment.

How Long Does It Take to Agree to a Settlement?

It can take anywhere from a few months to several years for personal injury cases to settle. Sometimes, cases can take multiple exchanges and negotiations between the plaintiff’s personal injury attorney and the defendant’s lawyers. If cases go to court, they can take several years to settle.

Here are some of the main reasons why your personal injury claim could take a while to settle:

  • You have a complex case that requires a thorough investigation
  • Your case involves a large sum of money
  • You take longer than expected to recover and need several follow-up procedures
  • Your or the defendant’s insurance company is not particularly cooperative

Understanding Child Support

Child support is a financial obligation that a non-custodial parent must take on to assist the custodial parent in child-rearing. Child support helps cover necessities such as food, clothing, health care, shelter, and education. This fixed sum is paid to the child’s custodian on a weekly, bi-weekly, monthly, quarterly, or annual basis until the child turns 18.

How is Child Support Calculated?

The main factor judges consider in child support cases is how much the parents earn. Sometimes, courts consider both parents’ income, while others only look into the non-custodial parent’s income. Other factors that judges tend to consider include:

  • The amount of time that each parent spends with their child
  • Any child support or alimony that both the custodial and non-custodial parent receives from a previous marriage
  • Whether the parent pays for the child’s health insurance (and how much they’re paying)
  • Whether the parent pays for daycare services (and how much)
  • The age of the child
  • Whether the parent/s are residing with a new partner or spouse who takes part in paying for household expenses

How Does a Personal Injury Settlement Affect Child Support?

A personal injury settlement can be affected by child support obligations when the non-custodial parent fails to make their payments or has a child support lien against them. In other words, if you are in child support arrears, your missed child support payments will be deducted from your personal injury award.

If you’ll use your personal injury settlement to compensate for lost wages, your settlement may be considered as income. In this case, the court will recalculate how much child support you must pay out. This also happens when the settlement award is large enough to raise your income dramatically. The court may raise the required amount to be paid to reflect the income change. This is common in cases where the injured party incurs catastrophic injuries or immensely high medical bills.

When Will My Personal Injury Settlements Be Used to Pay Back Child Support?

Your personal injury settlements will only be garnished for child support if you are behind on your payments. If you are up-to-date on your child support payments, there is no reason for the court to garnish your compensation for personal injuries.

It should be noted that your personal injury award will always cover your medical bills first. Only after your bills are settled will the court order you to pay child support arrears from your personal injury claim.

Some states allow you to only pay a portion of your arrrears, while others require you to pay all of your unpaid child support before you can receive your settlement. Be sure to check the laws of the state where you’re obligated to make child support payments.

What to Consider Before Accepting a Personal Injury Compensation Offer

After an accident, the last thing you want to deal with is a lengthy and complicated legal battle. If the other party is willing to offer you a fair settlement, it may be tempting to accept their offer and move on. However, there are a few things you should consider before accepting any personal injury compensation offer.

The Severity of Your Injuries

Don’t just think about the immediate effect of your injuries, such as your medical bills or your lost income. Consider how your injuries will impact your ability to gain employment and whether you will need to spend on things like personal mobility devices and home modifications in the future. Some people may also need additional care or treatment to relieve symptoms or address chronic issues resulting from the injury.

You will only be able to determine all of these things once you have achieved your maximum medical improvement or MMI. Once you’ve reached this point and your doctor has determined that you can halt treatment, that is the only time that you should consider accepting a settlement offer.

The Non-Economic Damages Caused By Your Accident

Non-economic damages refer to non-monetary losses such as emotional distress, loss of community or companionship, lowered quality of life, reputational damage, pain and suffering, etc. Despite being called “non-economic” damages, these effects can impact your ability to earn a wage or incur additional expenses in the form of therapy or medication.

Whether You Can Get A Better Offer

Settling a personal injury case is often the best option for both parties because it can be difficult and time-consuming to hash things out in court. But there will be times when you should take a chance and take your case to court, especially if you believe you deserve to be awarded a higher compensation.

Now, if your lawyers think you have a chance at convincing a jury you should be compensated more for your injuries, you have to prepare for a potentially lengthy trial. This is why it’s important not only to hire a good team of lawyers but to have something to fall back on financially during this time.

Get Pre-Settlement Funding Today With Tribeca Lawsuit Loans

Need help covering your medical bills, lost wages, mortgage, and even your child support payments while you wait for your settlement? Apply for settlement loans with Tribeca Lawsuit Loans! Applications are easy and free – just call us at (866) 388-2288 or visit our Apply Now page to get started.

With Tribeca Lawsuit Loans, you are under no obligation to pay your loan until you win your settlement amount. Get the peace of mind that you can take care of your affairs while amid your lawsuit.

Cervical Spine Injury Settlement Amounts: Factors & Averages

Image of a cervical spine injury illustrating settlement amounts

Average cervical spine injury settlement amounts normally range from $100,000 to $200,000. However, car accidents can cause very serious neck and back injuries that can raise this average settlement amount, especially if they have lifelong effects. If you suffered a cervical spine injury in a car accident, you should file a claim within your state’s statute of limitations to get much-needed medical treatment like cervical fusion.

What are the average cervical spine injury settlement amounts, and what circumstances affect compensation in a personal injury case? Keep reading to learn more and find out how much you should receive as a neck injury settlement amount!

What Is A Cervical Spine Injury?

Cervical spine injuries are damage to the spinal cord caused by blunt trauma or penetration in an accident. Cervical spines comprise the top seven vertebrae in the spinal column, and damage to these areas can cause significant pain and lifelong health problems.

Most neck injuries’ complications become apparent after 24 to 72 hours. The most common effects of spinal cord injuries include the following:

  • Lack of hand-eye coordination
  • Numbness, weakness, or tingling in your feet, hands, and legs
  • Partial or total paralysis
  • Unconsciousness
  • Clear spinal displacement or deformity
  • Shoulder or neck pain

Car accident victims should always seek immediate medical attention to document their injuries for a personal injury claim. Though the effects of a car crash or rear-end collision aren’t often immediately felt, they can result in severe injuries that need expensive, lifelong therapy and medication.

Because of these high medical costs and the strong likelihood of lost wages, it’s crucial that you hire experienced personal injury attorneys to win you the maximum compensation. A fair settlement will give you the financial resources to cover future medical expenses.

What Factors Affect Cervical Spine Injury Settlement Amounts?

The following factors can affect the settlement for your spinal neck and cord injuries:

  • Severity of injury
  • Pre-existing conditions
  • Lost income and impact on earning capacity
  • Pain and suffering
  • Degree of liability in your car accident case

Here’s a quick breakdown of these factors that can affect your back and neck injury settlement.

Severity Of Cervical Spine Injury

More serious injuries are entitled to higher compensation. For example, minor bruising will get a much smaller award than car accidents that result in permanent spinal cord damage or need cervical fusion.

Some victims in car accident cases have to undergo cervical fusion surgery to heal properly. Others suffer permanent injury to their cervical spine, requiring ongoing medication and physical therapy. Apart from the cost of immediate care for your cervical injury, a fair settlement should factor in future medical bills for therapy and spinal fusion surgery.

Pre-Existing Conditions

A pre-existing condition such as herniated discs or chronic shoulder pain can lower your neck injury settlement. However, this doesn’t mean you aren’t entitled to compensation for your spinal cord injury. Talk to your attorney to find out how your pre-existing neck and back conditions can affect your case.

Effect On Wages And Earning Capacity

Spinal injuries can impact your mobility and overall well-being. Many victims find that after such an injury, they need a long period of time to recover. This forces them to take time off from work. For the most serious shoulder and neck injuries, some victims may even have to quit their jobs as they can no longer perform their tasks.

Your neck injury settlement should factor in any lost income due to missed work days. In the event that your neck injuries make it difficult or even impossible for you to work, your settlement should also account for the loss of future earning capacity.

Pain And Suffering

Apart from neck and back injuries, many personal injury victims suffer from emotional distress after an accident. This can cause mental health problems such as anxiety attacks, depression, and post-traumatic stress disorder. These are non-economic damages that deserve compensation.

Degree Of Liability

In some states, both your liability and the liability of the at-fault party can affect your back injury settlement. If you’re proven to be partially at fault for your accident, this can reduce your back injury compensation.

What Is the Average Cervical Spine Injury Settlement?

The average settlement amount for a spinal injury case ranges from $100,000 to $200,000. This average amount typically covers the cost of the following:

  • Immediate medical bills
  • Future physical therapy
  • Lost income from work days missed due to neck and back injuries
  • Loss of employment and future earning capacity
  • Emotional pain and suffering

This average settlement can go up to $400,000 to $600,000 if the following are needed after your accident occurred:

  • Cervical fusion surgery
  • Chronic pain in your neck and back
  • Herniated disc replacement surgery
  • Rotator cuff tearing
  • Treatment for traumatic brain injuries
  • Medical care for soft tissue injuries

This is by no means an exclusive list of factors that can raise the average settlement for cervical spine injuries. An experienced personal injury attorney can help you establish these and other future costs for a fair back injury settlement.

While your car accident lawyer negotiates your claim with the other party’s insurance company, you may need to cover immediate expenses like utilities and rent. Pre-settlement funding can help you pay for these mounting costs so you can resist lowball offers and get the average settlement you deserve!

What Is Pre-Settlement Funding?

Also known as lawsuit funding or a lawsuit loan, pre-settlement funding is a risk-free cash advance on your neck injury case settlement. It’s risk-free for your personal finances because if you lose your auto accident case, you don’t have to repay this loan.

If you win the case or negotiate an average settlement amount out of court, you can’t be forced to repay the loan from your income or personal property. The only collateral for this loan is the settlement from your car accident.

Waiting for your spine or neck injury settlement can take weeks or even months. While you wait for the at-fault party’s insurance company to process your claim, your bills will start piling up. Pre-settlement funding can help you access a portion of your settlement immediately so you can pay off these bills and focus on getting better.

Pre-settlement funding can also help you win a higher average settlement amount. An insurance company will take time to approve your claim, and they know that car accident victims face serious financial burdens while waiting. They take advantage of this pressure to offer unfairly low settlements for personal injury claims.

With a pre-settlement cash advance, you can resist this pressure and give your personal injury attorney enough time to build your case. Because funding companies don’t get anything back unless you win or settle, they may even give you additional funding for your auto accident case.

Tribeca Lawsuit Loans provides pre-settlement funding with low, transparent interest rates and no hidden fees. Get a free consultation from us so we can find out more about your motor vehicle accident and the amount you’ll need for back injury lawsuit funding.

How Can I Qualify For A Pre-Settlement Loan?

You can qualify for a pre-settlement loan if you meet the following conditions:

  • You have an attorney-client relationship for your claim with a contingency-based lawyer.
  • You’re at least 18 years old.
  • The at-fault party is insured.
  • You either have pending neck injury settlements or plan to file a lawsuit.

If you meet these qualifications, you’re likely qualified for a loan from Tribeca. Because your personal finances and income won’t be used to pay off this loan, credit checks aren’t part of our criteria. All that matters during your application are the circumstances of your car accident and the conditions above.

Our clients are required to have legal counsel from a law firm or car accident attorney to protect both their interests and ours. This is because a personal injury lawyer consistently wins more cases and a higher average settlement amount.

Apply For A Free Pre-Settlement Loan From Tribeca Today!

If you’re worried about covering living expenses while waiting for your neck or back injury settlement, fret no more! Get a free case evaluation and loan application from Tribeca Lawsuit Loans. We can help you get the funding you need to manage your medical bills and resist lowball offers from at-fault parties.

We’ve lent up to $45 million to spinal cord injury victims across different states. Our customers can get a cash advance of up to $2 million depending on the circumstances of their neck injury claims. Contact us at (866) 388-2288 to learn more, and our team members will quickly handle your case!  Apply now.

What Is a Motor Vehicle Accident (MVA)?

Have you been in a motor vehicle accident and as a consequence are unable to work? Your regular bills still need to be paid and rent will still be due. If you need an immediate cash advance to cover your bills and legal expenses Tribeca Lawsuit Loans has a straight forward and fast application process. Tribeca will quickly contact your lawyer to confirm some details, following which, we will transfer you your car accident loan, all within 24 hours.

After a car accident, it can be financially challenging to get back onto your feet while you are awaiting a motor vehicle accident settlement. Most likely you will deal with the other person’s car insurance company. Insurance companies will try to get away with paying as little as possible. This is when auto accident loans can help.

What is a Motor Vehicle Accident Loan?

A Motor vehicle Accident Loan or a Car Accident Loan is not a traditional loan. In the sense that if you lose your case you will not have to repay the loan. This is called a non-recourse loan. These loans are only available if you have started a Motor Vehicle Accident Lawsuit or a Car Accident Lawsuit. They are designed to bridge the financial gap after the car accident until you receive your compensation in the form of a Motor Vehicle Accident Settlement or Car Accident Settlement.

How Much Money Can I Borrow?

Pre-settlement Loans at Tribeca are assessed on an individual basis and depends on how big a Motor Vehicle Accident Settlement you expect to get. No pre-settlement cash advance is too small or too big, Tribeca Lawsuit Loans deals with $500 or over $2,000,000 cash advances.

A settlement can compensate for vehicle damages together with damage to any personal property due to the car accident and any other costs, supported with proof of payment i.e. taxi costs to get home, car rentals, etc. 

In case you have suffered injuries you might also be entitled to compensation for loss of income and any medical expenses. And on top of that any pain and suffering you might experience mentally or physically from the car accident. These symptoms might only show up weeks after the accident, therefore, best to let an experienced attorney handle your Motor Vehicle Accident Lawsuit, as they know that most insurance companies will attempt to cover medical expenses up to that point. After accepting this you will not be able to request more compensation.

[RELATED] How Much To Expect From a Car Accident Settlement?

Acclaimed Case

In 2014, the comedian Tracy Morgan sustained serious injuries after a Wal-Mart truck hit his limousine. The Motor Vehicle Accident killed James McNair, and cause injuries to the rest of the passengers. The Wal-Mart driver had not slept for over 24 hours and had pleaded guilty. Although non-disclosed the paperwork suggests that Wal-Mart paid more than $90 million in the settlement.

What is the next step?

Tribeca Lawsuit Loans are 100% risk-free because you will not have to pay us back if you lose your case. Call us now on 866-388-2288 or use the online application form.

Do I Have To Report My Settlement To Medicaid?

image of a social worker reporting a settlement to medicaid office

If you are injured by the negligent actions of someone else, you may be entitled to a personal injury loan.

While this settlement is intended to compensate you for your costs, lost income, damages, and emotional pain and suffering, a settlement could impact your ability to obtain future Medicaid benefits. 

Your eligibility criteria for Medicaid will dictate whether a lump sum personal injury payment will affect your coverage. Today’s guide outlines the different types of Medicaid eligibility categories and the different ways in which lump sum settlement impacts benefits.

What Are Medicaid Benefits?

Medicaid is a means-dependent insurance program jointly operated by the U.S. government and state Medicaid agencies. Medicaid is intended to provide access to basic medical care for those with lower incomes at little or no cost. 

Unlike other government benefit programs, Medicaid subjects applicants to much stricter eligibility requirements. Some requirements are retroactive.

Different Types of Medicaid Eligibility Categories and How They Impact Medicaid Coverage

Lump sum payments affect Medicaid eligibility in different ways depending on the eligibility category. 

These are the two main Medicaid categories: 

  1. MAGI (modified adjusted gross income) Medicaid
  2. Non-MAGI Medicaid

1) MAGI (modified adjusted gross income) Medicaid

Modified adjusted gross income Medicaid is intended for: 

  • Children aged under 19.
  • Adults aged 19 to 64 without Medicare coverage.
  • Parents
  • Pregnant women.
  • Caretaker relatives with or without Medicare coverage.
  • Certified disabled individuals without Medicare coverage.

To qualify for this category of Medicaid, your household’s monthly income must not exceed state limits. Income limits vary from state to state.

MAGI Medicaid has no asset or resource limits, meaning that property, bank accounts, cash savings, and other personal assets are not qualifying factors for MAGI Medicaid eligibility.

Per modified adjusted gross income Medicaid, a lump sum payment counts as income if applicable income tax rules consider the lump sum payment as income. 

For those with this type of Medicaid coverage, it is unlikely that a lump sum settlement loan will impact your benefits immediately. Regardless of whether or not your payment pushes your income beyond the qualifying monthly limit, you should get Medicaid coverage until the initial authorization period expires. You may be deemed ineligible to re-certify, but you need only wait for a month or so before reapplying. 

2) Non-MAGI Medicaid

This type of Medicaid is intended for the following:

  • Adults aged over 65.
  • Recipients of Medicare.
  • Recipients of SSI
  • Recipients of TANF
  • Recipients of foster care

To qualify for non-modified adjusted gross income Medicaid, total household income must be below state monthly limits. Additionally, resources like property, bank accounts, cash savings, and other personal assets must be lower than state resource limits.

For this type of Medicaid, lump sum payments are considered as income for the month payment is received. There is an asset-resource test for non-MAGI Medicaid.

If a personal injury settlement causes your monthly household income to exceed state monthly income limits, you will only be ineligible for that month. You may also be held accountable for any Medicaid services received in that month.

If you retain any of the payment moving forwards, you may be held liable for the costs of all Medicaid services received during the months in which your household income exceeds state resource limits. 

An effective way of minimizing the sum repayable to Medicaid is to transfer the lump sum settlement in the month that payment arrives. Taking this approach, you will limit your exposure to Medicaid ineligibility to just one month.

What Assets are Exempt for Medicaid?

Most assets are considered countable assets for the purposes of establishing Medicaid eligibility. These are the main exceptions:

  • Your primary residence valued at up to $500,000.
  • A motor vehicle.
  • Some types of life insurance.
  • Funeral contracts.
  • Wedding or engagement rings.

Personal injury loans are considered as countable assets when establishing eligibility for Medicaid.

The prevailing factor for eligibility, though, is your present financial situation. Medicaid is intended to provide low-cost medical care for those without private health insurance plans and without access to employer health insurance plans. 

For individuals without disabilities, Medicaid determines financial eligibility for coverage by assessing your countable assets. If those countable assets exceed the state limits, your Medicaid eligibility could be rescinded.

What are countable assets, then?

What Are Considered Countable Assets for the Purposes of Medicaid?

Government-funded financial assistance is intended for those without the assets to fund care services. If you request coverage from Medicaid, the office will assess your financial resources by examining your countable assets. 

A countable asset is any asset that may count against the state asset limit used to establish who qualifies for Medicaid coverage.

Countable assets include:

  • Property
  • Bank accounts
  • Liquid funds
  • SSI (social security income)
  • Bonds
  • Stocks
  • Mutual funds

Beyond your countable assets, the main qualifying factor for Medicaid coverage is your placement on the federal poverty line. 

The Relationship Between the Federal Poverty Line and Medicaid Eligibility

Your placement on the federal poverty line depends on: 

  • Your monthly and annual income.
  • The number of people in your household.

Your placement on the poverty line is used to establish whether or not you are eligible for Medicaid and Medicare. Although monthly income limits vary from state to state, household monthly income must not exceed $2,000 to qualify for Medicaid.

You must not own property exceeding the monthly minimum income value, typically items from $2,000 to $3,000. This limit only applies to non-essential items.

Will My Personal Injury Settlement Affect My Medicaid Coverage?

If a lump sum payment from a personal injury settlement pushes your monthly income over the state limits, this may render you ineligible for Medicaid coverage. 

Any lump sum payment that adds to your countable assets may mean you become ineligible for Medicaid benefits. 

Do I Have to Report My Settlement to Medicaid?

Yes, you must report any lump sum award to Medicaid.

Recipients of MAGI Medicaid must report lump sum payments to NYSOH (New York State of Health). In most cases, recipients will maintain Medicaid benefits throughout the initial authorization period.

Recipients of non-MAGI Medicaid must report lump sum payments to HRA (New York City Human Resources Administration) in the month payment is received. HRA will then recalculate your Medicaid eligibility taking the payment into account.

What Are the Consequences of Not Reporting a Lump Sum Payment to Medicaid?

If you fail to report a lump sum personal injury settlement to Medicaid in the month of receipt, you could be required to reimburse Medicaid for the cost of any services received during months when you were ineligible if this information comes to light.

How Can I Protect My Medicaid Benefits?

If you are expecting a personal injury settlement and you are currently in receipt of Medicaid benefits, the best way to protect your coverage is to seek expert legal guidance. While it is challenging to maintain Medicaid coverage, how you use the lump sum after settling your case is the deciding factor in whether you remain eligible.

Personal injury settlements, as outlined above, are considered as countable assets. That said, this only becomes such when the payment is transferred into your bank account for immediate use.

To explore the most effective way of reallocating those funds, consider retaining a personal injury attorney on a contingency fee basis. They can advise you on the best steps to take to reallocate funds from a lump sum settlement without jeopardizing your Medicaid coverage – by using a Special Needs Trust, for instance. An attorney may refer you to a financial professional specializing in this field.

What Are Special Needs Trusts?

A Special Needs Trust is typically intended for those without the capacity to manage substantial sums or with impaired mental faculties. These trusts can also be created to store lump sum payments from personal injury settlements. 

By locking the funds up in this type of trust, you will be prevented from freely accessing the funds. As such, you may find you remain eligible for Medicaid coverage since you will not have immediate control over the funds.

Systems and guidelines are implemented to preserve the funds for a specified purpose. Typically, funds may only be withdrawn to meet the costs of accident-related expenses.

Placing the settlement funds in trust means they are no longer considered a countable asset. The funds will be sent to medical providers who had placed liens on them, meaning you would otherwise be spending the funds in any case.

Tribeca Lawsuit Loans: Fast and Risk-Free Settlement Funding

If you are waiting for a personal injury case to settle, you may find yourself facing mounting expenses for medications, surgery, and rehabilitation, while at the same time needing time off work and losing income. 

One risk-free solution is to consider pre-settlement funding, otherwise known as lawsuit loans or legal funding. At Tribeca, we provide a cash advance of between $500 and $2 million based purely on the strength of your personal injury case. Your income, employment status, and creditworthiness are not relevant to your application.

You are only legally obliged to repay this cash advance if you win your case. Get a cash advance in 24 to 48 hours from Tribeca by calling (866) 388-2288.


Fill out the form for a free consultation and quote. Get cash within 24 hours of approval.
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