Pre-settlement legal funding is a form of financial assistance available to claimants waiting on their lawsuits to settle or conclude at trial. Some clients may worry about the effect of such funding on their credit score, but the good news is that pre-settlement legal funding is “attached to” your eventual compensation package. That means, just like the compensation itself, it should not show up on your credit report. Furthermore, when you get pre-settlement legal funding from Tribeca Lawsuit Loans, there is no credit check. Instead, the application and qualification process has to do with the details of your claim rather than your personal financial and credit history.
In this way, pre-settlement legal funding is a safer, risk-free alternative to traditional loans. Instead of bank statements or credit scores, the information you’ll need to supply Tribeca Lawsuit Loans with in your application includes:
- The identity and contact information of your attorney or law firm
- Your expected settlement or jury award amount
- The type of lawsuit you have (i.e. the area of law to which it applies)
- Your case’s expected duration
All of this information will be important in determining the amount of funding to provide, as well as the simple interest attached to your pre-settlement funds. Unlike traditional loans and other lawsuit lenders, Tribeca Lawsuit Loans uses simple interest rather than compound interest.
You can apply for pre-settlement legal funding through Tribeca Lawsuit Loans for FREE by filling out the form on our Apply Now page. Our team is also available to answer your calls at (866) 388-2288. Get the money you need to meet your expenses today, with no risk to you and no hit on your credit report.
Why You Need Pre-Settlement Legal Funding
Lawsuits can take a long time to resolve. Sometimes, it’s years before you receive the money you deserve. Meanwhile, your medical bills, rent, daily expenses, and other pressing matters continue to pile up. Add in the fact that many claimants in civil lawsuits are injured and become at least temporarily unable to work, and you have a recipe for desperation.
The opposing side in your lawsuit often knows the kind of pressure you are under. They are banking on your lost wages and rising costs to force you into accepting a settlement that does not adequately meet your needs. That way, they save money, and you are left in the lurch.
Loans against personal injury claims can circumvent these tactics and allow your attorney or law firm the time it takes to negotiate an appropriate settlement. The pre-settlement funding you receive can even hold you over if you need to take your case through the trial process. Many of the clients who get funding through Tribeca Lawsuit Loans use the money to pay for:
- Rent and mortgage payments
- Medical expenses, including necessary medical equipment for the home
- Property repair or replacement costs
- Daily expenses like food
- Legal fees
Your Eligibility for Pre-Settlement Legal Funding
Cases that involve lawsuits between individuals or between an individual and a corporate entity may be eligible for pre-settlement legal funding. Tribeca Lawsuit Loans has a 94% case acceptance rate, and there is no cost to apply, so the best move is to fill out the form on our Apply Now page to see whether you are eligible.
Some of the claims we have helped fund in the past include:
- Qui Tam lawsuits
- Car accident cases
- Premises liability (slip and fall accidents)
- Defective drugs claims
- Medical malpractice
- Jones Act lawsuits
- Employment Law disputes
Chances are good that if your lawsuit stems from harm you have received due to the actions or negligence of another person, company, or government entity, you should be eligible for pre-settlement legal funding.
Additionally, we require all clients to be represented by an attorney before being approved for funds. This is for many reasons, including the fact that studies show claimants with attorney representation earn as much as four times more in compensation than claimants who do not hire an attorney. Another reason is that we go to your attorney for repayment at the conclusion of your case. Your attorney writes Tribeca Lawsuit Loans a check out of the settlement or jury award you receive, preventing you from having to worry about:
- Defaulting on repayment
- Monthly payment plans
Instead, your lawyer writes the check, and that’s the end of the matter. You keep the rest!
Apply for Pre-Settlement Legal Funding at NO COST
The application process at Tribeca Lawsuit Loans is simple and straightforward. Once you fill out the form on our Apply Now page, for FREE, our staff verifies and evaluates the information you provide. In as little as 24 hours after you are approved, you can have anywhere from $500 to $1,000,000 in your bank account to help you meet your needs while your case settles.
Fill out the application form now to start the process. If you have any concerns or questions regarding the eligibility requirements, application process, or repayment, you can call our office toll-free at (866) 388-2288. Our team is ready to help you fight for justice by getting you the funds you need today.Applying for pre-settlement legal funding from Tribeca Lawsuit Loans is a completely FREE process. There are no upfront costs, and the funding is repaid as a percentage of your eventual settlement when your lawsuit resolves. In other words, you never have to worry about having to pay us back from your own personal bank account, and getting pre-settlement legal funding won’t harm your finances.
Here’s some more good news. Not only is it free to apply for your pre-settlement legal funding, but the funding itself is non-recourse in nature. That means the most you will ever have to pay is a percentage of your settlement since the settlement is the collateral used to back your funding. This is one key way Tribeca Lawsuit Loans protects you from risk when you get pre-settlement legal funding from us. Other ways include:
- No credit check required, so low credit doesn’t disqualify you.
- All repayment comes from your settlement (no monthly payments).
- You don’t repay us at all if you lose your case!
If you are in the middle of a long, drawn-out negotiation process and need some money now, Tribeca Lawsuit Loans can help. Apply for pre-settlement legal funding today by entering your information into the form on our Apply Now page. You can also speak to a representative with any questions or concerns by calling (866) 388-2288.
How the Pre-Settlement Legal Funding Process Works
It costs nothing to apply for pre-settlement legal funding through Tribeca Lawsuit Loans. In fact, we make our application and approval process as simple as possible so that we can get you the money you need without the wait. What follows are the steps in our funding process.
The first step in this process is the only one you need to initiate. You will need to fill out our application form with the relevant information about your need for pre-settlement legal funding. While there is no credit check required and no bank statement information, we will need the following data:
- Your contact information
- The contact information for the attorney or law firm representing you
- Information about the kind of lawsuit you have
- Information about your expected settlement amount
After we receive your application, our staff does their due diligence by getting in touch with your lawyer. We’ll confirm data about your case, discuss the details regarding your expected settlement outcome, and make a determination about our ability to supply you with the funding you need.
In as little as 24 hours after our team approves you, the money you need can be in your bank account. Tribeca Lawsuit Loans provides pre-settlement legal funding in amounts ranging from $500 to $1,000,000, depending on the details of each client’s case. To date, our team has been able to help clients to the tune of over $45 million.
Repaying Your Pre-Settlement Legal Funding
While pre-settlement legal funding doesn’t cost you anything upfront, you repay the amount you owe as a percentage of your overall settlement or jury award at the conclusion of your case. We work directly with your attorney when it comes time for repayment, so you don’t have to worry about monthly payments, forgetting to send a check, or other complications. Plus, it’s always better to work with an attorney anyway. Research from the Insurance Research Council has shown that people represented by legal counsel earn more than three times as much as those who choose to go it alone.
When Tribeca Lawsuit Loans Gets Paid
Once your lawsuit settles or concludes in court, your attorney will receive a check for the agreed-upon (or court-ordered) amount. Before sending it your way, the attorney will write Tribeca Lawsuit Loans a check to repay the pre-settlement legal funding. You keep the rest!
If Your Case Goes Awry
The vast majority of the cases approved by Tribeca Lawsuit Loans are successful (92%, in fact!). However, we know that nothing in the legal world is guaranteed. In some unfortunate cases, you might wind up losing your claim in court and receive no compensation.
Don’t panic in this situation. Remember, personal injury loan companies shoulder all of the risk of non-recourse funding. That means you owe us nothing if you lose your claim. This is part of what we mean when we say that pre-settlement legal funding comes with no risk. Even if you lose your claim, you don’t have to worry about digging into your personal finances to repay us.
Apply for Pre-Settlement Legal Funding for FREE Today
Once you receive pre-settlement legal funding from Tribeca Lawsuit Loans, that money is yours to do with as you see fit. Many of our clients use the funding to finance their lives while their settlement negotiations drag on. That way, they can counteract any stall tactics used by the opposing attorneys and ensure that their own lawyer can arrive at a more suitable settlement arrangement.
What can you use the funding for? Anything you need! This includes:
- Replacing wages you’ve lost due to injury
- Making rent or mortgage payments
- Purchasing necessary medical equipment for your home (such as handicap ramps)
- Paying off your medical bills
- Funding your daily life, such as buying food or gas for your car
Ready to see the difference that pre-settlement legal funding can make? Apply today by filling out the form on our Apply Now page. If you wish to speak with a human representative, just call our offices at (866) 388-2288. Take control of your negotiations today by getting pre-settlement legal funding at no upfront cost to you.