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.
Eligible Lawsuits
Most of the time, any lawsuit that stems from some form of harm done to you by the actions or negligence of someone else will qualify for settlement legal funding. Whether that is physical harm you have suffered, loss of income, psychological torment, or another form of harm, the important factor is that another party is responsible for your suffering and you deserve compensation.
Lawsuits we have funded in the past include:
- Car accident cases
- Slip and fall claims
- Product liability lawsuits
- Qui Tam or whistleblower cases
- Jones Act claims
Applying for funding is totally FREE, so if you think you have an eligible claim, go ahead and fill out our Apply Now form.
Legal Representation
At Tribeca Lawsuit Loans, we also require you to be represented by an attorney or law firm in order to be eligible for pre-settlement funding. For starters, this is just a good idea. The Insurance Research Council has found that claimants with an attorney earn, on average, nearly four times as much compensation as their counterparts, even after considering the cost of attorney’s fees and legal expenses. But that’s not the only reason we want you to have an attorney.
Our repayment process is designed to be as low-hassle on you as possible. In fact, you don’t have to lift a finger! We work directly with your lawyer when it comes time to repay your settlement legal funding. Once they receive the check for the compensation package from the at-fault party, your lawyer will write a repayment check to Tribeca Lawsuit Loans. You keep the rest!
How Soon to Expect Your Funding
Cases vary, as everyone’s situation is unique. However, Tribeca Lawsuit Loans strives to get finances to the people who need them as quickly and efficiently as possible. After we receive your application, our staff reviews and verifies the information, getting in touch with the law firm representing you if we need additional data.
After our review and approval, you can have your funds deposited in your bank account in as little as 24 hours! The amount we provide is based on the details, strength, and prospective amount of compensation related to your lawsuit. Claims that are likely to result in high amounts of compensation, for example, may qualify for higher amounts of funding. Still, we are prepared to provide eligible clients with anywhere from $500 to $1,000,000 in lawsuit 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.