Amarillo lawsuit loans can change the nature of your litigation by giving you access to money from your settlement now instead of months or years into the future. This can spoil defendants’ pressure tactics and let you fight for the full value of your settlement.
Lawsuit loans, also known as legal funding or legal settlement loans, have some key differences from other types of loans you might be more familiar with. Find out what sets them apart and if they could be the right option for you.
How Do Amarillo Pre-Settlement Lawsuit Loans Work?
Settlement negotiations can take months, and even years to resolve, leaving many plaintiffs caught in the lurch and forced to accept a lower award. Defendants expect this to happen, which can lower their obligations to the plaintiff. With a settlement loan, you can prevent this from happening and fight for the maximum award.
A lawsuit loan in Amarillo functions the same as any other loan, but with one key difference. Legal loans are non-recourse, meaning your personal assets can’t be seized to repay them. This differs substantially from personal loans and credit cards, which plaintiffs often turn to for lawsuit financing. The only collateral that can be seized for the loan is your settlement itself.
A legal funding company will offer you a legal loan based on the expected value of your settlement. There’s no credit check or employment verification needed, as all that matters for your Amarillo legal funding is your ability to win your case. Any money you receive is yours to keep and doesn’t need to be repaid if you lose your case, making legal loans truly risk-free.
What Can Amarillo Lawsuit Loans Be Used For?
Amarillo lawsuit loans can be used for anything you want – the money is yours once you receive it. There aren’t any restrictions on how you can spend your lawsuit funding and you don’t have to worry about paying it back. Common expenses that plaintiffs use their money include:
- Medical bills
- Rent or mortgage payments
- Education expenses
- Utilities and groceries
- New vehicle payments
- Debt payments
- Entertainment
How Do I Qualify for an Amarillo Lawsuit Loan?
If you’re already involved in lawsuit negotiations, it’s easy to qualify for an Amarillo lawsuit loan. That’s because all that really matters for your application is your lawsuit itself. Due to the non-recourse nature of pre-settlement funding in Amarillo, your personal assets have no influence on whether or not you qualify.
In order to qualify for an Amarillo lawsuit loan, you simply need to fulfill the following conditions:
- You’ve filed a lawsuit against another party.
- You have a contingency-based lawyer.
If you meet these two basic conditions, there are good chances that you qualify for a lawsuit loan. However, your lawyer must approve of you receiving legal funding in Amarillo, and some don’t want to because they may not want a third party affecting how they get paid at the end of your case. Without their approval, we won’t be able to work with you.
What’s the Interest Rate for an Amarillo Lawsuit Loan?
Unfortunately, we can’t give you a precise amount of interest that you’ll pay for an Amarillo lawsuit loan until you apply for one. However, you can be sure that you’ll receive a low, simple interest rate from us. This will allow you to keep more of your settlement at the resolution of your case.
Some unscrupulous lawsuit lenders charge high, compound interest rates, but we always put our clients’ interests first. Regardless of how much you owe, you won’t ever have to repay more than your settlement is worth. If you happen to lose your case, you’ll owe us nothing.
Apply for an Amarillo Lawsuit Loan Today
At Tribeca Lawsuit Loans, you can qualify for up to $1 million in Amarillo pre-settlement funding within 24 hours of applying. This money could prove crucial to your legal fight and give you the financial resources to fight for your full measure of justice. Apply with us today online or over the phone and soon you could soon get the money you need to relieve the stress of your legal fight.
All of our lawsuit loans are offered on a non-recourse basis, meaning if you lose your case, you owe us nothing. Our legal funding comes with low, simple interest, giving you the chance to walk away with most of your settlement. You’ll also never owe us more than you borrowed. Get in touch with us today and we can discuss your options and the best ways to move forward.