Yes, there is interest in pre-settlement legal funding.
At Tribeca Lawsuit Loans, we charge simple interest on the funds you receive, ensuring you pay significantly less over time compared to lenders who use compound interest. Simple interest means the interest is calculated only on the principal amount, not on accumulated interest, saving you money in the long run.
Additionally, our pre-settlement legal funding operates as non-recourse debt, which means you are not personally liable for repayment if you lose your case. This allows you to cover expenses now without the pressure of settling for less than you deserve. In this article, we’ll explain how our simple interest works, the benefits of non-recourse funding, eligibility requirements, and how you can apply to receive funds in as little as 24 hours.
Whatever interest rate we agree upon is charged only to the base amount of funding you receive rather than the ongoing total. In short, you wind up paying far less than you would if you took out a compound-interest loan. Additionally, pre-settlement legal funding from Tribeca Lawsuit Loans operates as non-recourse debt.
That means you are not held personally liable for the repayment amount. There are:
- NO wage garnishment policies
- NO monthly payments
- NO invasive look into your finances
- NO credit checks
Pre-settlement legal funding is based on the details of your case, including how much compensation you expect to earn at the case’s conclusion. It’s a way of covering expenses now so that you take away the pressure to settle for less than you deserve.
If you are ready to explore the world of lawsuit lending and the freedom it allows, apply for pre-settlement legal funding from Tribeca Lawsuit Loans today. Call our office at (866) 388-2288 to speak with a representative about any questions or concerns you have. To apply, simply fill out the online form on our Apply Now page and we will review your information as soon as possible. In some cases, we can have money in your bank account in as little as 24 hours after approval!
When You Can Get Pre-Settlement Legal Funding
While Tribeca Lawsuit Loans has a 94% case acceptance rate, there are some qualifications you must meet before you are eligible to receive pre-settlement legal funding.
Apply Now to Start the Pre-Settlement Legal Funding Process
If you are currently languishing in the months and years that many lawsuits take between the initial incident and the resolution, don’t wait another minute. Fill out the form on our Apply Now page to start the process of securing the money you need.
Many times, the opposing side will try to stall or play hardball, hoping that you will become more desperate for cash as bills pile up, leading you to accept a settlement offer that is nowhere near as much as you deserve. Settlement legal funding can help you avoid that issue by paying for all your necessary expenses while your attorney works toward a favorable outcome.
Tribeca Lawsuit Loans has helped more than 1,600 clients in a wide variety of cases. Apply today to add your name to the list! If you have any questions about pre-settlement legal funding, simple interest, or the repayment process, call us at (866) 388-2288.