What is Collateral for a Loan?
Posted on: July 28 2022Category:When you apply for a loan, the lender wants some assurance that you will repay the loan. In some cases, a lender will accept a sterling credit history and proof that you have an excellent income instead of security on the loan. More often, the lender prefers to get collateral on the loan. What is […]
Why We Support the New York Consumer Litigation Funding Act
Posted on: July 21 2022Category:At Tribeca Lawsuit Loans, we have long favored sensible reforms and well-considered legislation governing consumer litigation funding. New York State Assembly Bill No. A03315, the New York Consumer Litigation Funding Act, is the kind of action our industry needs. Also known as consumer legal funding, lawsuit loans, and pre-settlement funding, consumer litigation funding finances plaintiffs […]
What Are Commercial Litigation and Business Litigation?
Posted on: July 19 2022Category:Commercial litigation, often referred to as business litigation, refers to civil litigation where one or more parties is a business. While the terms are often used interchangeably, there are specific differences between business litigation vs. commercial litigation. Yet there is also a great deal of overlap between the two. Usually, commercial litigation attorneys can also […]
What is Loan Underwriting and How Does it Work with Legal Lending?
Posted on: July 14 2022Category:When the plaintiff in a lawsuit needs financial support to pursue their rightful compensation, they can apply for fast cash through a lawsuit loan. The loan acts as a cash advance on their future settlement that can be used to pay any expenses. The application, approval, and repayment of a lawsuit loan are very different […]
Financing Freedom
Posted on: July 07 2022Category:You might think that having your conviction reversed after years of protesting your innocence, filing dozens of court documents, and suffering numerous adverse decisions, would signal a rosy start to a new and wondrous life. You might also think that the state whose authorities are responsible for your wrongful conviction would be eager to provide […]
What is Workers’ Compensation and How Does it Work?
Posted on: June 09 2022Category:Every year, nearly 3 million American workers are injured on the job. As a result of their injuries, many require medical treatment, lose wages from time off work, and may need physical or occupational therapy to return to work. Others may be partially or fully disabled and unable to return to the same job. Workers’ […]
What is the Difference Between Defendant and Plaintiff?
Posted on: April 21 2022Category:The plaintiff is not always the victim. A plaintiff is the party who files a lawsuit, while a victim is someone who suffered harm. In civil cases, the plaintiff may be the victim seeking compensation, but in other cases, they may represent an entity or another party. If you get caught up in a lawsuit, […]
The 6 Best Car Accident Loan Companies
Posted on: April 16 2022Category: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 […]
The Difference Between a Recourse and Non-Recourse Loan
Posted on: April 14 2022Category:When it comes to getting a loan, there’s more than one way to pay for it. Any loan that is secured by collateral is either a recourse loan or a non-recourse loan. Unsure what those are? In this blog, we discuss the basics of recourse vs non-recourse loans, how collateral works, and why you may […]