What Is Pre-Settlement Legal Funding?

Lawsuits take a long time to resolve. The process for civil cases includes discovery, filing the claim, negotiating with the opposing side’s attorneys, potentially going to trial, waiting for a verdict, and then dealing with any relevant appeals. Depending on the details of your claim, you could end up waiting months and even years before you get the compensation you’re looking for. Pre-settlement funding is a way to pull from that future compensation to cover your expenses in the here and now.

Despite Tribeca Lawsuit Loans’ name, this isn’t really a loan. Unlike a traditional loan, pre-settlement legal funding is a form of non-recourse debt that protects you (the borrower) from unnecessary risk. You get the money to cover your current expenses and pay us back a portion of the eventual settlement or jury award you receive at the end of your case.

If you are struggling with any of the following expenses while your case settles, it might be a perfect time to consider getting pre-settlement legal funding:

  • Rent or mortgage payments
  • Medical bills
  • Replacement costs for destroyed property
  • Daily expenses like gas and food
  • Replacing lost wages

Start the process today by filling out the form on our Apply Now page. If you have any questions about pre-settlement legal funding or would like to speak with a representative, call Tribeca Lawsuit Loans at (866) 388-2288.

Understanding No-Risk Pre-Settlement Legal Funding

Many consumers are reluctant to take out a loan, fearing personal liability for the debt. That’s why Tribeca Lawsuit Loans offers pre-settlement legal funding, which is non-recourse in nature. According to the Federal Reserve, non-recourse debt “is secured by collateral,” but the borrower is not personally liable for the debt. In other words, the only form of recourse that the lender has is taking the collateral for the loan. With pre-settlement legal funding, that collateral is a portion of your future compensation package.

In simpler terms, the most Tribeca Lawsuit Loans can take as payment for your pre-settlement legal funding is a portion of your compensation at the end of your case. That means we can’t and won’t:

  • Garnish any of your wages
  • Demand monthly payments
  • Take any personal finances from you

In fact, you do not have to repay your pre-settlement legal funding if you do not win your case! As the lender, Tribeca Lawsuit Loans takes on all the risk so that you don’t have to. That’s our commitment to you.

Cases that Qualify for Pre-Settlement Legal Funding

At Tribeca Lawsuit Loans, we try to provide as many clients as possible with the funding they need to seek justice and appropriate compensation for the harms they have suffered. That’s why we have a 94% case acceptance rate! Still, there are some requirements you must meet in order to be eligible.

Case Types

If you have a case that warrants a lawsuit, it’s likely that pre-settlement funding is available to you. Some of the cases we’ve help fund in the past include:

  • Qui Tam/whistleblower claims
  • Cases related to the Jones Act
  • Personal Injury claims
  • Product liability claims
  • Medical malpractice lawsuits
  • Employment and Labor Law claims
  • FELA Railroad Act claims

Chances are good that, if you have suffered some sort of personal, physical, or financial harm due to someone else’s actions or negligence, you might have a case that is eligible for pre-settlement legal funding.

Legal Representation

We also require our clients to be represented by an attorney or law firm. In part, this is because we work directly with your lawyer when it comes time for repayment at the end of your case. The repayment process is designed to be as simple and easy on you as possible, so all the work is done by your attorney and by Tribeca Lawsuit Loans. Once you receive your settlement or jury award check, your attorney writes a check for the repayment amount to us and you are finished. It’s quick, straightforward, transparent, and doesn’t require any monthly payments or hassle on your part.

Another reason we require you to have an attorney is that it’s just a good idea. Studies have shown that people who are represented by qualified legal counsel often receive significantly more compensation than those who represent themselves, even after attorney fees are taken into account. We don’t want you to miss out on the compensation you truly deserve!

Apply Today for Pre-Settlement Legal Funding at No Cost to You

Tribeca Lawsuit Loans has an entirely FREE application process for pre-settlement legal funding. Just click on our Apply Now page to get started. You’ll need to supply us with information about your case, such as:

  • Contact information for your attorney or law firm
  • Case type and details
  • Your sought-after compensation amount

Within as little as 24 hours after our team approves your request, you can have anywhere from $500 to $1,000,000 in your bank account to cover your expenses as you wait for the justice you deserve. Pre-settlement legal funding is a great way to counteract the opposing side’s pressure tactics. Often they will try to postpone or delay the case as long as possible in the hopes that you become desperate enough for cash now to agree to a low settlement package. By having the funding you need in your bank account already, you and your attorney can work toward the compensation you truly deserve, rather than the lowball offer the other side is hoping you’ll settle for.

Ready to get your money today? Fill out the form on our Apply Now page or call us at (866) 388-2288 for assistance.

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