Case Studies

The 5 Best Litigation Finance Companies in the US

What Are The Best Litigation Finance Companies in the US?

When people search 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 aren’t exactly qualified experts in lawsuit financing. This is why our legal financing company has decided to do something different. We’ve reviewed them all,provided relevant insights and listed out the five best litigation finance companies.

Yes, we compete with them in the commercial 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 legal 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

If you need funding for serious litigation, 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 5 top-rated litigation funding companies in the U.S.:

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

About The Top 5 Rated Litigation Finance Companies

Tribeca Capital Group

Headquartered in Los Angeles, California, Tribeca Capital Group offers commercial litigation funding and lawsuit cash advances to clients in the United States. All too familiar with the slow pace of the legal system and defense attorney’s stall tactics, the company disburses cash advances that can be measured in hours and days, not weeks and months.

Commercial lawsuits for broken contracts, intellectual property disputes, bankruptcy litigation, whistleblower claims, and more vary widely in fact patterns, damages, and complexity, but Tribeca’s simple, straightforward, and fast cash advance approval process has helped thousands of litigants pursue their claims, with funding ranging from Dollar amounts in the several thousand, into the millions.

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 complex lawsuits, including 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.

LexShares

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 One Consider When Looking for 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.

Other important attributes to consider when deciding on what constitutes a top commercial litigation funding firm:

  1. Reputation: The firm should have a strong, positive reputation within the legal and financial communities.
  2. Experience: Look for a firm with extensive experience in handling cases similar to yours.
  3. Transparency: The firm should be clear about its terms, fees, and the process involved.
  4. Success Rate: Investigate their track record of successful funding and case outcomes.
  5. Financial Stability: Ensure the firm has the financial resources to support your case through to completion.
  6. Ethical Standards: The firm should adhere to high ethical standards and comply with all relevant regulations.
  7. Case Assessment: They should have a thorough and fair process for assessing the merits of your case.
  8. Communication: The firm should maintain open and regular communication with you throughout the process.
  9. Flexibility: Look for flexibility in funding arrangements to best suit your specific needs.
  10. Client Testimonials: Positive feedback from previous clients can be a strong indicator of reliability and quality.
  11. Expertise: The firm should have experts with legal and financial acumen to understand the complexities of your case.
  12. Confidentiality: Ensure they have strict confidentiality policies to protect sensitive information.
  13. Speed of Funding: Check how quickly they can make funds available after approval.
  14. Terms and Conditions: Understandable and fair terms and conditions are crucial for a transparent agreement.
  15. Industry Knowledge: The firm should have a deep understanding of the industry related to your legal issue.
  16. Professional Network: A firm with a strong network can provide additional resources and support.

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!

MacLaren Hall Lawsuit

Victims of abuse at MacLaren Hall are bringing lawsuits for compensation. Victims suffered physical, sexual and emotional abuse while staying at the facility run by the Los Angeles County Department of Child and Family Services.

Today, victims are making their voices heard by taking legal action. They are seeking compensation and recognition of the harm that they have endured.

Tribeca Lawsuit Loans is proud to partner with MacLaren Hall victims and with other abuse survivors. Contact us to learn more about our lawsuit loans and how we help victims on the path to justice.

What is the Lawsuit for MacLaren Hall?

The lawsuit for MacLaren Hall is brought by victims who suffered abuse while staying at the foster care facility in Los Angeles County. Although it was meant to be a place where children were protected, the facility was often a place where children encountered brutal abuse. The lawsuit is intended to seek accountability for offenders and justice for the victims.

What Happened at MacLaren Hall?

At MacLaren Hall, children were physically, sexually and emotionally abused. When children bravely reported the abuse, they were often punished, and the abuse was covered up. Abuse of children continued for decades at the facility until lawsuits resulted in its closure.

The more than 60,000 children in California’s foster care system depend on the state to provide a safe place to live. Over the decades that MacLaren Hall operated, tens of thousands of children made their way to MacLaren Hall, for what was meant to be temporary accommodation. These children expected their needs to be met. The children rightfully expected safe living conditions.

What they encountered was horrific abuse – abuse that was allowed to continue, and abuse from which the children could not escape.

What Can MacLaren Hall Victims Do?

If you are a victim of abuse while staying at MacLaren Hall, you may participate in a lawsuit to claim financial compensation. Claims are ongoing now, seeking financial compensation and institutional changes to prevent abuse. If you stayed at MacLaren Hall, you may be a part of a claim.

Tribeca Lawsuit Loans wants to help. We empower plaintiffs to bring their claims by providing immediate cash before a settlement is reached. Contact us to learn more and begin your case.

History of MacLaren Hall

            The beginnings

MacLaren Hall opened to children in 1961. It was meant to be a temporary shelter for children facing abuse or neglect. Children were meant to only stay there temporarily until they could be placed in foster care or returned home.

Children could be brought to the facility if they were removed from a home on an emergency basis, or after a removal hearing. In California, officials may remove a child from their home if it is necessary to keep the child safe. At a hearing, the agency seeking removal must prove that it is necessary to remove the child because of a substantial danger to the child’s physical health, well-being, emotional health or because of sexual abuse without a reasonable means to protect the child without removal.

Tens of thousands of children were brought to the facility during the decades that it operated. Although the California 30 Days to Family® program requires the state to provide notice to relatives within 30 days of a child’s removal, with the goal of facilitating kinship placements, children often languished in the facility for one year or more. Whether they stayed for a short time or for a long time, children often encountered horrors at the hands of those who were meant to protect them.

            The abuse

Abuses at the facility took a variety of forms. Children were subjected to sexual assault, battery and molestation. They were physically abused. Overcrowding and inadequate living conditions ran rampant in the facility. Children who were at the facility because of abuse or neglect were housed with children who were in the system because of juvenile delinquency and children who had profound mental health needs.

Victims didn’t have an effective way to report or stop the abuse. When they spoke out, they were often punished. Widespread violence continued unchecked in the facility.

            The accountability

In the 1980s, there were some reports of misbehavior at the facility. Reports of drug sales and child abuse reached the press, and prompted minor improvements. However, the trauma continued. Children who sought help were simply ignored or even punished. It wasn’t until lawsuits began in the early 2000s that offenders and their enablers were made to account for what occurred.

Lawsuits are continuing to be filed today. Tribeca Lawsuit Loans is partnering with victims to enable them to seek justice as they rebuild their lives in the aftermath of abuse.

Types of Abuse at MacLaren Hall

            Sexual abuse

Children at the facility were often subjected to horrific sexual abuse. Two victims say their abuse included penetration, molestation and other forms of sexual abuse. The victims describe being treated like “garbage.” Children kept silent in the face of abuse to avoid punishment for speaking up.

            Physical abuse, assault and battery

Victims say that they were subjected to beatings and other forms of physical abuse. Children were placed in restraints even though use of restraints violated policy and the children had done nothing to deserve the treatment.

            Mental abuse

The children who were abused at MacLaren Hall suffered mental injury. Victims may experience anxiety, flashbacks, difficulty in employment and personal relationships, difficulty regulating mood and other emotional harm.

            Physical neglect

Young children were not diapered regularly. They could be heard crying into the night.

            Medical neglect

Children’s medical needs were not sufficiently addressed. Some were overmedicated, given medication they didn’t need or not given sufficient medical attention.

Mental neglect

Residents were not given adequate mental health care. Sometimes, mental health needs were identified but treatment was not provided.

            Lingering placement

Despite directives to find stable care for children in the foster system, children often remained at MacLaren Hall for one year or more. The facility was surrounded by a chain-link fence with barbed wire. Children were monitored with floodlights in a facility that felt more like a prison than a home.

            Inappropriate living conditions

Children at the facility because they were in state care were exposed to children with violent or delinquent behavior.

What Caused the Abuse at MacLaren Hall?

There may have been several contributing factors to the abuse that occurred at MacLaren Hall. A lack of background checks resulted in dozens of employees working at the facility that should have been disqualified. Inadequate funding and a lack of leadership in developing other options for children caused overcrowding and long-term placements that were never intended. In addition, a lack of accountability and complacency allowed offenders to continue abusing children.

Legal Basis for a MacLaren Hall Lawsuit

There may be several legal grounds for a MacLaren Hall lawsuit. Plaintiffs may claim that the government violated civil liberties when subjecting victims to abuse in the facility. Claims may be based on 42 U.S. § 1983, which gives victims the right to seek redress in court for deprivation of rights, privileges or immunities secured by the Constitution and laws. See United States v. Lanier, 520 U.S. 259 (1997).

In addition, a claim may be based on assault and battery, negligence, neglect, intentional infliction of emotional distress or negligent infliction of emotional distress. Having multiple causes of action doesn’t necessarily increase compensation. However, it can require defendants to address all the ways that they may have allowed harm to occur.

Victims of sexual assault should know that California lawmakers passed the Sexual Abuse and Cover-Up Accountability Act, effective in 2023. The law revives claims of sexual assault occurring after January 1, 2009, that may otherwise be barred by the statute of limitations. If you are a sexual abuse victim, you should know that there are time limits to bringing a claim. However, you should speak to a legal professional about the time limit that applies in your case, because California lawmakers have passed laws to allow more victims to seek justice.

How long do victims have to file a MacLaren Hall lawsuit?

Generally, MacLaren Hall lawsuit victims have until their 40th birthday to file a claim. However, they may have within five years of realizing the impact of what occurred to them and that they are a sexual assault victim. It’s important to contact a lawyer to determine the time frame for a victim to begin a claim.

Damages Suffered by MacLaren Hall Victims

Victims of abuse at MacLaren Hall have suffered physical and mental trauma. This trauma impacts their daily lives. Their suffering may include:

  • Broken bones, bruises, internal organ damage, brain injuries and other physical trauma
  • PTSD, flashbacks and nightmares
  • Trust and relationship issues that impact their professional and personal lives
  • Difficulty maintaining employment
  • Anxiety, living in a state of high alert
  • Social isolation, depression, feeling helpless
  • Aggression
  • Unexplained pain, chronic illness
  • Substance abuse

Harm to victims may cause physical, mental and financial consequences. California law allows victims to seek economic and non-economic damages. Each case is unique, and a legal professional can complete a personalized case review to explain the compensation that may be available for a particular victim.

Outcomes for MacLaren Hall Lawsuit Claims

MacLaren Hall lawsuit claims may seek:

  • Settlement compensation – A negotiated resolution that parties reach by agreement. A settlement fully resolves all issues in the case.
  • Trial verdict – You have the right to have your claim heard in court. A judge or jury decides the case and the appropriate compensation.
  • Reforms – you may seek an injunction or an agreement for the institution to change policies and practices. These changes can prevent harm to others.

Help for All Abuse Victims

Sadly, MacLaren Hall is not an isolated case. Too many children who are placed in the foster care system find abuse when they need protection. Tribeca Lawsuit Loans is committed to helping abuse victims. Lawsuit loans can help victims bring their legal claims.

If you have a pending lawsuit, Tribeca Lawsuit Loans may help you. You may receive your cash in as little as 24 hours. MacLaren Hall victims and all victims of abuse in foster care may qualify for our services. Contact us to learn more. Get a free consultation and quote. Get cash within 24 hours of approval.

MacLaren Hall FAQs

Is McLaren Hall in El Monte still open?

McLaren Hall in El Monte no longer houses children in foster care. The facility closed to residents after lawsuits brought by those who were sexually abused while they were minors living at the facility. Today, the facility is still used as child protective services offices for Los Angeles County. The offices are used for service and intake and for providing Parent in Partnership (PIP) program information.

When did MacLaren Hall close?

MacLaren Hall closed in 2003 as part of multiple lawsuits seeking closure of the facility. Victims bringing the lawsuits sought shuttering of the housing complex as part of their claims for justice. They were successful in bringing the facility to a close for housing foster children.

Where was MacLaren Hall?

MacLaren Hall was located at 4024 Durfee Avenue, El Monte, CA 91732. It sat on Durfee Ave between Ramona Blvd and I-10. It was north of I-10 in east Los Angeles.

Why did MacLaren Hall close?

MacLaren Hall closed when survivors came forward to bring a class action lawsuit alleging years of abuse at the facility. The shut down was part of a settlement from a lawsuit brought by the American Civil Liberties Union of Southern California.

How much is the MacLaren Hall lawsuit?

Survivors filed lawsuits against Los Angeles County, with one claim resulting in a $20.6 million award. The lawsuit resulted from allegations that social workers failed to report the sexual assault of a child.

What became of MacLaren Hall?

Because of the lawsuits against MacLaren Hall, the facility closed as a center to house children. The County continues to use the site for other operations. In 2022, Prima Development requested approval to begin a construction project on the property including residential units, vocational training and a medical clinic.

Has the MacLaren Hall lawsuit been resolved?

While some MacLaren Hall lawsuits have been settled, others are still ongoing. A victim may still bring a claim, though they should be aware that time deadlines apply.

I Have A Structured Settlement And I Need Cash Now

How Tribeca Lawsuit Loans Can Help You Achieve Financial Freedom

Individuals who have been caught up in insurance claims or personal injury lawsuits frequently receive structured settlements as a funding structure. Structured settlements offer a series of recurring payments over a long period of time as opposed to a single-sum payout, this can be referred to as an annuity. Even though this method provides security and steady funds, there are times when you might need cash from your structured settlement right away.

Tribeca Lawsuit Loans is aware of your need for financial adaptability and provides services to make it easier for you to get access to cash in structured settlements. We will discuss the significance of getting cash right away as you read on, along with the choices you have.

What are structured settlements?

Long-term financial security is intended to be offered through structured settlements. But there are times when having access to cash right away is vital. Obtaining cash can significantly improve your financial situation, whether you’re trying to pay off debts, make investments in an exciting new venture, be an investor or face unforeseen medical costs.

The Periodic Payment Settlement Act of 1982 (Public Law 97-473) was passed by the US Congress, and it explicitly recognized and supported the use of structured settlements in tort cases involving significant physical injuries.

The Need for Cash Now

Because of how unpredictable life is, things might abruptly change. You can get across circumstances where having access to money is essential. Here are some typical circumstances where you may require money right away:

  • Medical emergencies or expensive procedures
  • Consolidation of debt or repayment
  • Education-related costs
  • Home improvements or repairs
  • Launching a business or funding a profitable opportunity
  • Unexpected financial commitments

Waiting for periodic installments from a structured settlement might not be viable in such instances. Fortunately, you have choices that let you change your structured settlement into a one-time payment.

Options for Getting Cash Now

You have two main alternatives when you need money from your structured settlement: selling it or getting an advance or loan on it. Let’s examine each choice in greater detail:

Sell Your Structured Settlement

The process of selling your structured settlement entails giving up your entitlement to collect future payments in favor of an instant lump amount. With this choice, you can quickly access a sizeable percentage of your compensation and meet your immediate financial obligations. Important things to take into account when releasing your structured settlement include:

What happens when you sell your structured settlement?

You essentially trade your future payments for a one-time payout when you sell your structured settlement. When you need money right away, this may be a good option because it gives you more financial freedom.

Benefits of Selling Structured Settlements

  • Access to funds right away: If you sell payments, you can get a lump sum payout right away, which is valuable in emergencies.
  • Attaining financial goals: Whether you wish to start a company, pursue your education, or debt relief, selling your structured settlement can give you the funds you need.
  • Simplified financial management: You can simplify your financial preparation and handling by combining all of your future payments into one lump sum.

Process of Selling Structured Settlements

Selling a structured settlement entails the following steps:

  • Evaluation: To ascertain the worth of your structured settlement and weigh the pros and cons of selling, you need to consult a professional.
  • Finding a buyer: Do your homework and pick a reliable business that specializes in buying structured settlements.
  • Documentation and agreement: After a potential buyer is confirmed, a contract stating the conditions of the transaction must be examined and approved by both parties.
  • Court approval: To guarantee the transaction is equitable and in your best interests, selling a structured settlement frequently needs to be approved by the court.
  • Receiving the lump money: The buyer will issue you the stipulated lump sum payment upon approval from the courts.

Advance or Loan Against Your Structured Settlement

Getting an advance or loan against your structured settlement is another alternative if you are unable to sell your full settlement. This enables you to keep the remaining component of the structured settlement while receiving a portion of the upcoming payments immediately. Take into account the following elements:

What happens when you take an advance or loan from your structured settlement?

You can access part of your future payments quickly by taking out a loan or advance over your structured settlement. With this choice, you can still get quick money while keeping the settlement’s structure.

Benefits of Receiving an Advance or Loan

  • Quick access to money: Getting an advance or loan gives you the funds that you require without having to wait for periodic installments, much like selling your structured settlement does.
  • Flexibility: You may satisfy your current financial requirements while still receiving future payments from your structured settlement by opting for an advance or loan.
  • No requirement to sell: If you’d like to keep your structured settlement but require money now, you can get a loan or advance.

Process of Receiving an Advance or Loan

The steps involved in getting an advance or loan against your structured settlement usually go as follows:

  • Evaluation: Identify the part of your structured settlement that you want to access quickly and compare the terms and conditions of several lenders.
  • Application and required paperwork: Finish the application procedures along with providing the lender with the required papers.
  • Approval and agreement: An agreement explaining the terms of the advance or loan will be provided to you once your application is granted.
  • Disbursement: After the contract is signed, the lender will hand over the allowable sum.

Frequently Asked Questions

What is a structured settlement?

In a structured settlement, which generally often results from a personal injury lawsuit or insurance claim, the recipient receives regular payments over a predetermined length of time. It offers long-term financial stability.

How does selling a structured settlement work?

In exchange for an upfront lump sum payment, once you sell a structured settlement, you provide a third party with the authority to receive future installments.

How much money can I get for my structured settlement?

The terms of your settlement, the duration of the payments, and the current economy, when you get your structured settlement, will all impact how much funds you can obtain.

How long does it take to acquire the cash?

The length of time it takes to acquire your money from selling your structured settlement or from receiving an advance or loan relies on several variables, including the complexity of the transaction, any applicable court approval procedures, and the efficiency of all parties concerned.

Will my credit score be impacted if I sell my structured settlement?

Your credit score will not be impacted if you sell your structured settlement. It isn’t a loan or debt; rather, it is a transaction involving the transfer of rights to future payments from the settlement.

Obtain a Structured Settlement From Tribeca Today

Although structured settlements offer financial security, there are times when quick funding is essential. Tribeca Lawsuit Loans is a company offering cash for structured settlements that provide options to assist you in getting the money you require. You may handle your finances and take care of your immediate needs whether you decide to sell your structured settlement or get an advance or loan against it. Your structured settlement shouldn’t limit your possibilities for achieving financial freedom.

Call us at 866-388-2288 or fill out our contact form to discuss how Tribeca Lawsuit Loans can help you get cash from your structured settlement. We will review your case for FREE.

What Is A Legal Funding Agreement?

Legal funding agreements are essential in giving financial assistance to those who engage in court proceedings. These lawsuit cash advances are intended to assist plaintiffs who cannot afford the resources to pay their legal fees. Tribeca Lawsuit Loans, a reputable business in the field, is one trustworthy means of getting legal funds.

Tribeca’s Lawsuit Loans get approved as quickly as 24 hours! Contact us right away to assess your case.

How Does A Legal Funding Agreement Work?

An agreement involving a plaintiff and a legal funding provider is called a legal funding agreement, lawsuit funding agreement, third-party funding, plaintiff funding, or litigation funding agreement. It is considered a “non-recourse civil litigation advance”, implying that repayment comes from a percentage of the settlement funding, judgment/award, or an agreed-upon fee, which enables the plaintiff to get a head start on a prospective settlement.

Types of Legal Funding Agreements

Different legal funding arrangements are available to meet the various demands of litigants. Here are three common instances:

Single-Case Funding

An individual lawsuit can be funded through single-case funding. It grants plaintiffs to get the funds they need for legal fees, living expenses, and other expenditures associated with their case, such as personal injury lawsuit funding, medical malpractice funding, workers’ compensation funding, civil lawsuit funding, and more.

Portfolio Funding

Funding for various cases is provided to law firms or individual attorneys through portfolio funding, for instance, attorney funding. With this kind of funding, law firms are able to manage their budget better and take on several cases at once.

Law Firm Financing

By providing funds to meet operating costs, litigation costs, and other business-related requirements, law firm financing aids law firms and lawyers financially.

Advantages and Disadvantages of Legal Funding Agreements

Legal funding arrangements include upsides and downsides. Let’s examine them carefully:

Advantages:

  • Allows access to justice for plaintiffs who can’t afford legal fees: Legal financing agreements level the playing field by offering monetary assistance to people who might otherwise be incapable to take on their case. They also provide plaintiffs who cannot pay legal costs with a chance at justice.
  • Minimizes plaintiffs’ financial risks: By securing legal funding, plaintiffs can avoid the cost of covering upfront legal bills. This frees them from stressing about their financial security so they can concentrate on the case at hand.
  • Provides funds for living expenses while a lawsuit is pending: Lawsuits can be drawn out, and plaintiffs frequently struggle financially during this period. By giving funding for living expenses, legal funding arrangements serve to lessen this burden and guarantee plaintiffs can support themselves throughout the legal procedure.

Disadvantages:

  • High fees and interest rates: Compared to conventional loan choices, legal funding sources frequently impose fees and interest rates for what they provide.
  • Loss of control over the case: When signing a legal funding agreement, plaintiffs could be required to give the funding business access to information about their case. This then makes it harder for them to maintain control of the legal procedure.
  • Risk of bad publicity: In certain circumstances, the engagement of legal funding businesses may be perceived negatively by the other party or the public, resulting in unwelcome attention or negative publicity.

How to Obtain a Legal Funding Agreement

The general processes for obtaining a legal funding arrangement are as follows:

When researching legal financing providers, look for organizations with a solid reputation for delivering dependable and honest funding services. A reputable and established source of legal funds is Tribeca Lawsuit Loans.

Afterward, get in touch with the selected legal finance business and give the relevant details about your case. The business will assess your case’s merits and decide whether you are eligible for funding.

If accepted, thoroughly go over all of the costs, interest rates, and repayment conditions outlined in the legal funding agreement.

Once you are content with the terms, accept the legal funding agreement to get the finances you need to assist your case.

How to Apply for Funding

The only action you must take is to apply online, which is the initial step in receiving your pre-settlement legal funds from Tribeca. Enter your contact information and the specifics of your claim in the form on our contact page.

Specifically, our application does NOT:

  • Request for a credit check
  • Need employment verification
  • Include checking your finances or bank account
  • Impact your credit score

Frequently Asked Questions

Who qualifies for legal funding agreements?

Plaintiffs in many types of cases, involving personal injury, medical malpractice, workers’ compensation, civil actions, and more, have access to legal funding arrangements. Legal funding providers may have different eligibility requirements.

What is post-settlement funding?

Post-settlement funding is a financial option made available to plaintiffs following the conclusion of their legal action. It gives plaintiffs early access to a portion of their settlement money, giving them cash now rather than enduring the wait for the full settlement award.

It can be invested in new prospects or utilized to meet urgent financial requirements. Although Tribeca Lawsuit Loans does not provide post-settlement funding, it is crucial to note that this information can be used to comprehend the concept in context.

What is the turnaround time for funding?

Depending on the intricacy of the case and the procedures followed by the legal funding organization, it may take either more or less time to receive funding. Usually, it can take days to a few weeks. However, you can get the funds from Tribeca in just 24 hours!

Which cases fall under the scope of legal funding agreements?

Various situations, involving personal injury, medical malpractice, product liability, employment conflicts, and others, may be covered under legal funding agreements. The particular requirements for eligibility may vary between funding providers.

What occurs if the case is dropped or is resolved for a smaller sum than anticipated?

Most of the time, litigants are not forced to pay back the funding amount if the funded case is unsuccessful. However, conditions may differ between legal funding firms, therefore it’s important to thoroughly read the contract.

Can attorney expenses be paid using legal funding?

Yes, you can use legal funding to cover your lawyer’s fees and other case-related costs.

Obtain Legal Funding From Tribeca Lawsuit Loans Right Away

Legal funding agreements offer plaintiffs a lifeline when they need financial support to fight for their legal entitlements. Plaintiffs can get the money they need to handle the legal procedure effortlessly by working with trustworthy legal funding organizations like Tribeca Lawsuit Loans. Although there are advantages and disadvantages to legal funding arrangements, they provide a significant option for those seeking justice who are limited by a shortage of resources.

To submit a no-cost application, submit the information on Tribeca’s contact form. Call us right now at 866-388-2288 if you’re seeking more details prior to making decisions.

Pre-Settlement Funding For Class Action Lawsuits

Handling the legal procedure in class action lawsuits may be economically difficult for plaintiffs. The expenditures of everyday living expenses and legal counsel can pose considerable financial difficulties. Pre-settlement financing also called lawsuit funding or litigation financing, on the contrary, provides individuals seeking class action lawsuits with the monetary assistance they require throughout the litigation process.

As you read on, the benefits of pre-settlement funding, the way it works, who is qualified, and ways to apply, frequently asked questions will be discussed, allowing plaintiffs to arrive at informed financial choices.

Benefits Of Pre-Settlement Funding For Plaintiffs

Plaintiffs in a class action case confront various financial challenges. Pre-settlement money offers various benefits that relieve these expenses and level up the playing field, allowing individuals to fully assert their legal entitlements.

1. Financial Relief During the Legal Proceedings

Plaintiffs frequently face financial difficulties as a result of growing expenditures and being unable to operate at the highest level. Pre-settlement funding fills the void by providing urgent funds to meet living expenses, medical bills, and other necessities. This settlement cash advance guarantees that plaintiffs can maintain their quality of living during the lawsuit process.

2. Covering Daily Living Expenditures

Plaintiffs may handle their day-to-day costs without worrying about going into debt or enduring financial challenges thanks to legal funding. This money can be allocated for rent or mortgage payments, utilities, food, and other necessities. Plaintiffs may concentrate on the legal procedures and their overall well-being if their financial strain is reduced.

3. Accessibility to Quality Legal Counsel

In class action cases, adequate legal counsel is critical. However, high-quality legal aid is frequently expensive. Plaintiffs might use pre-settlement funding to employ qualified attorneys who engage in class action litigation. Plaintiffs who have access to qualified legal professionals can create a solid case and boost their odds of achieving a successful outcome.

3. Ability to Negotiate Fair Settlements

Plaintiffs can use pre-settlement funding to seek fair settlements with defendants. Plaintiffs can survive the prolonged lawsuit process with the financial assistance given, reducing the urge to take on low settlement offers their monetary constraints. This enables them to wait for a more equitable settlement that adequately benefits them for their losses.

How Pre-Settlement Funding Works

Pre-settlement funding, commonly called lawsuit funding, plaintiff financing, or lawsuit loans, is a type of financial assistance that offers cash advances to plaintiffs based on the anticipated value of their settlement. It is not a typical loan because repayment is based on how successfully the case is resolved. A summary of the procedure is provided below:

  • Evaluation of the Case’s Merits: Tribeca Lawsuit Loans thoroughly assesses the case’s merits before awarding pre-settlement funding. This evaluation takes into account many factors, including liability, damages, and the potential settlement value.
  • Documentation and Application Process: Plaintiff funding applicants must compile the necessary paperwork, which may include details of their legal counsel, case information, and medical history. After that, they will send Tribeca Lawsuit Loans an application for assessment.
  • Review and Approval: The lending firm examines the application, evaluates the merits of the claim, and establishes the amount of funding. The plaintiff and their legal representative will be informed of the funding offer if it is accepted.
  • Disbursement of Funds: The plaintiff receives the cash after accepting the funding offer. They are free to use the funds for any additional debts, living expenses, legal fees, or medical costs.

Who Is Eligible for Pre-Settlement Funding

Individuals interested in various kinds of funding for cases may be eligible for pre-settlement funding. In general, the following requirements are taken as criteria for qualification:

  • Criteria for Eligibility: Pre-settlement funding applicants must have a strong case and legal representation for them to be eligible. Additionally assessed are the case’s merits, prospective settlement value, and chances of success.
  • Availability for Different Types of Class Action Lawsuits: Lawsuit loans from Tribeca is available for numerous class action claims, including those involving personal injury, product liability, medical malpractice, employment issues, and more.
  • Importance of a Strong Case: Although eligibility standards may differ between financing sources, having a solid case with sizable damages and a strong chance of prevailing improves the likelihood that pre-settlement funds will be approved.

How to Apply for Pre-Settlement Funding

Pre-settlement funding applications are simple to send in. The steps are as follows:

  • Gathering Necessary Documents and Information: Those who are bringing a claim ought to collect the necessary paperwork, including the contact information for their lawyer, the facts of the case, any relevant medical records, and any further evidence to support it.
  • Selecting a Reputable Funding Provider: It’s vital to pick a settlement funding provider with a good reputation and pre-settlement funding capabilities. For instance, Tribeca Lawsuit Loans has a reputation for providing clients with integrity and professionalism.
  • Submitting the Application: The plaintiff can send in their application for pre-settlement funds once they have gathered all required paperwork. Information regarding the scenario, the amount of funding requested, and contact details ought to all be included in the application.
  • Review and Approval Process: The settlement funding company will go over the application and assess the case’s merits. The plaintiff shall be sent a funding offer following approval, and if they accept, the cash will be distributed as agreed.

Frequently Asked Questions

How is pre-settlement funding different from a loan?

Pre-settlement financing is not like a typical loan. It is non-recourse funding that relies on the likelihood that a lawsuit will be settled. Repayment is conditional on the case’s success, unlike a loan that requires assets as collateral.

Is pre-settlement funding available for all types of class action lawsuits?

Yes, there is typically pre-settlement funding available for various class action claims, including those involving personal injury, product liability, employment conflicts, and more.

How much pre-settlement funding can I receive?

Pre-settlement funding amounts vary based on the strength of the case, the prospective settlement value, and the settlement funding company’s guidelines. For instance, Tribeca Lawsuit Loans grants funding that can range from $500 to $1 million.

What happens if I lose my class action lawsuit?

In most cases, the plaintiff is not forced to shell out the pre-settlement funding if they lose their class action lawsuit. The risk is taken on by the funding business because it is non-recourse.

How is repayment of pre-settlement funding handled?

The pre-settlement cash advance is reimbursed from the settlement sum if the plaintiff prevails and secures a settlement. The plaintiff’s attorney collaborates with the funding firm to guarantee an efficient repayment procedure.

Testimonials from Satisfied Clients

Here are a few testimonies with 5-star reviews on Trustpilot from plaintiffs who received assistance from Tribeca Lawsuit Loans’ pre-settlement funding:

Brian Ketner: “Hello I wasn’t sure what to expect when I started this. You hear so many different things but I must say from the first time I talked to William he calmed me took his time to explain everything and answered all my questions heist very politely his job and guided me from start to finish as we moved forward his co-worker Golda was involved with paperwork and also if I had questions when I did I would write are call and in no time they responded back they made this very easy for me and I felt very comfortable with them both so my final words to all if you find yourself in need of a advancement on your settlement don’t look else wards call William or Golda you will be happy you did and to William and Golda thank you and Tribeca for everything”

Kwaynae Raki: “Greatly appreciate it. I just want to say these people have good hearts ❤️and they are very understanding & easy to work with. Plus I never had any problems getting multiple loans. Go with a company who is genuinely willing to help thanks Golda and William you guys are amazing.”

Anastasia I.: “Great experience working with Golda. I worked with Golda Moghadam and she was extremely helpful throughout the entire process. The whole funding process took about 24 hours from start to finish. I would definitely reach out to Golda and Tribeca in the future.”

Curt: “Highly Recommend. First off, Golda is an awesome person to work with, from the get-go she was very helpful and stayed in contact with me throughout the whole process. These loans take time to process especially if your attorney is too busy to give them the info they need to make a decision, my time was exactly 4 days to get all the info and make a decision, I signed my contract on Friday afternoon and the cash is on its way today Monday. Golda is someone you can have confidence in and who goes to bat for you. I highly recommend Tribeca and Golda to help with your needs. Thank you very much, Golda.”

Virgil Goodson: “Highly recommend. Highly recommend If you need a Pre-settlement loan, Tribeca is the BEST! I called Tribeca and William (Will) picked up quickly. Heard my case and got right to work. Communication with my Attorney and Tribeca was fast. He explained the process and kept me updated until the funding was completed.”

Contact Tribeca Today For Your Pre-Settlement Funding Needs

In conclusion, plaintiffs in class action cases who require financial help during the legal process can benefit from pre-settlement funding from reliable companies like Tribeca Lawsuit Loans. While awaiting a settlement, the stress of growing bills is lessened by this non-recourse cash advance. Pre-settlement funding responds to the immediate financial demands of plaintiffs by assessing the case’s merits, setting up a simple application process, and granting early access to funds. They may concentrate on the dispute without having to worry about finances.

To ensure a swift and transparent process when considering pre-settlement financing, it’s essential to select a reputable funding provider like Tribeca Lawsuit Loans. Call us at 866-388-2288 or use our secure form right away to discuss your alternatives and get the money you require.

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.

Liability

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.

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.

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