Pre-settlement legal funding is not a lawsuit loan. And it is not simply medical funding. Instead, it’s a no-risk way to get the money you need in the present day while you want the months or (sometimes) even years for your lawsuit to conclude. Unlike other forms of financial assistance, pre-settlement legal funding has no restrictions on what it can be used for. You can use to it pay for things like:
- Your medical bills
- Rent or mortgage payments
- Utility bills
- Property repair or replacement costs (such as a car after a car accident)
- Daily expenses like food, clothing, and gas
Essentially, pre-settlement legal funding is a way of pulling from your eventual settlement or compensation package to pay for expenses in the here and now. As non-recourse debt, this form of funding protects you from personal liability as well, so you don’t have to worry about monthly repayment plans, wage garnishment, or hits to your credit score. The funding is not tied to your personal finances but instead uses a portion of your eventual compensation as collateral.
If you have a lawsuit in the works, it will likely take a considerably long time until you get the compensation you deserve. Consider getting pre-settlement legal funding from Tribeca Lawsuit Loans to get you through this period and give your attorney time to negotiate a fair settlement. Fill out the form on our Apply Now page to apply for FREE, or call our office at (866) 388-2288 to speak to a representative. We’re happy to go over the funding and repayment process and handle any other questions you might have.
Qualifying for Pre-Settlement Legal Funding
If you have a personal injury lawsuit in the works, chances are good that you qualify for pre-settlement legal funding in the form of personal injury lawsuit loans. At Tribeca Lawsuit Loans, we have helped fund lawsuits in a wide variety of legal practice areas, such as:
- Employment law disputes
- Car accident claims
- Slip and fall injuries
- Product liability lawsuits
- Qui Tam and whistleblower cases
- Medical malpractice
- Claims related to the Jones Act
Approval for pre-settlement legal funding does not rest on your personal financial situation, since we do not pursue any repayment out of your bank account. Instead, it depends on the strength, duration, and expected compensation in your case. That means we DO NOT require:
- Invasive looks at your financial history
- Proof of income
- Credit checks
Additionally, there should be no impact to your credit score from taking on pre-settlement legal funding. As far as spending the money, it is yours to do with as you please the minute it is in your account. Further, it usually is not taxed, since pre-settlement funding is considered part of your compensation package (which is usually not taxed). One exception to this, however, is if you use the funds to make otherwise taxable investments.
Our Attorney Requirement
You pay back Tribeca Lawsuit Loans from your compensation package at the end of your lawsuit. However, we make the process incredibly simple by working directly with your attorney or law firm. Some clients may be reluctant to seek services from a lawyer, but studies show that you stand to have more success (and obtain higher amounts of compensation) when an attorney is on your side. This is true even after attorney fees are taken into account, suggesting that people who are not represented by a lawyer or law firm are often taken advantage of by the opposing side.
In any case, at the conclusion of your lawsuit, you should be presented with a check for the settlement amount or jury award from the at-fault party. Your attorney will then write a check to Tribeca Lawsuit Loans for the agreed-upon repayment amount, ensuring that you don’t have to worry about monthly payment plans or missing a payment date. Remember: if you don’t recover compensation, you don’t have to pay us back at all!
Apply for Pre-Settlement Legal Funding Today for FREE
Medical bills can creep up on you, and the opposing side in your lawsuit might use their impending pressure to force you into settling for less than you truly deserve. With pre-settlement legal funding, you can pay your medical bills, as well as your other expenses, giving your attorney time to fight for appropriate compensation.
Apply for your pre-settlement legal funding today for FREE by filling out the form on our Apply Now page. Call our office to discuss your case with a representative if you have any questions or concerns. You can reach us at (866) 388-2288.
Take control of your lawsuit, fight for justice, and feel the relief of up to $1,000,000 in your bank account in as little as 24 hours after you are approved. Fill out the form or call today!