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How Does Pre-Settlement Legal Funding Work?

Lawsuits take time. While the majority of them settle before ever seeing the inside of a courtroom, settlement negotiations often take months or even years. Unfortunately, the outside world does not stop to wait. Bills pile up, medical debts arise, lost income threatens your livelihood… there are myriad ways that the injured person in a lawsuit is at a disadvantage the longer the negotiations drag on.

That’s where pre-settlement legal funding comes in. When you get pre-settlement legal funding from Tribeca Lawsuit Loans, you borrow forward from your future settlement. In this way, it’s not really a “loan.” Instead, it’s a type of cash advance. There are two important points to understand about pre-settlement legal funding:

  • You pay back the agreed-upon amount from your eventual settlement.
  • You do not have to pay it back if you do not win your lawsuit.

If you have an existing lawsuit and need cash to hold you over while your attorney works toward an acceptable settlement arrangement, get in touch with Tribeca Lawsuit Loans today. We have a 94% case acceptance rate, so chances are great that we can help you. Call (866) 388-2288 or fill out our online form and get approval in as little as 24 hours.

Cases That Qualify for Pre-Settlement Legal Funding

Tribeca Lawsuit Loans provides pre-settlement legal funding in a wide variety of situations. Cases involving personal injury are common examples, including:

  • Auto accidents
  • Product liability claims
  • Defective medical devices
  • Medical malpractice
  • Premises liability claims
  • Faulty pharmaceutical drugs

However, we also provide funding for clients with cases that revolve around labor law, employment law, commercial litigation, FELA railroad claims, and whistleblower cases. In order to get pre-settlement legal funding from Tribeca Lawsuit Loans, your case must qualify under the types of cases we accept AND you must be represented by an attorney or law firm.

Areas Served by Tribeca Lawsuit Loans

Tribeca Lawsuit Loans is dedicated to providing safe, effective financial assistance to clients in need. We make sure to abide by industry best practices and all applicable lending laws in the states we serve. As a national business, we serve clients in every US state EXCEPT West Virginia, Colorado, North Carolina, South Carolina, Kentucky, Montana, Maryland, North Dakota, South Dakota, Vermont, Alaska, New Hampshire, Maine, Indiana, and Illinois.

The Pre-Settlement Legal Funding Process

Our process is designed to get money to people who need it as quickly as possible. We’ve streamlined pre-settlement legal funding into three easy steps, and of those, only one requires you to expend any energy at all.

Step One: You Apply

The first step is simply applying. After reviewing our Cases We Fund page and confirming that your claim falls under the umbrella of claims we serve, you call (866) 388-2288 toll-free or fill out the application form online. You may need to provide information like:

  • The nature of your lawsuit
  • Your expected settlement amount
  • Your financial need
  • The name and contact information of your attorney or law firm

Step Two: We Review

The underwriters at Tribeca Lawsuit Loans will receive your application and go over the details. We may need to contact your attorney to discuss specifics and get their professional perspective on the merits and expectations of your case, including how long they believe your settlement negotiations will take.

Step Three: You Get Paid

Within 24 hours of approval, you can have your money in your bank account. Tribeca Lawsuit Loans is capable of providing anywhere from $500 to $100,000 in financial assistance, depending on the facts of the case. To date, we have funded more than $45 million to people just like you, waiting on the compensation they are owed.

Repaying Your Pre-Settlement Legal Funding

Most clients are particularly interested in learning about the repayment process. Understandably, there is considerable worry over predatory lending practices. However, that’s where pre-settlement legal funding shines.

When you receive funds from Tribeca Lawsuit Loans, you agree to pay us back out of your eventual settlement. Your funding is a form of non-recourse debt, secured by the collateral of your future settlement. That means:

  • We only pursue repayment from the settlement amount.
  • You pay us back in a lump sum once you receive your settlement, rather than in monthly installments.
  • If you lose your lawsuit and do not get a settlement, you do not have to pay us back!

Tribeca Lawsuit Loans takes on the risk when providing pre-settlement legal funding, saving you from having to worry about monthly payments, defaulting on a loan, or having wages garnished. All those are associated with predatory recourse debt instead of the safer non-recourse funding we provide.

Apply for the Money You Need Today

When you get pre-settlement legal funding from Tribeca Lawsuit Loans, that money becomes yours immediately. Use it for daily expenses like food and gas, a replacement for any lost income due to injury, medical bills, or whatever else you need to pay for while your settlement negotiations take place.

Often, the opposing side in a lawsuit will try to drag out the case for as long as possible. They do this because they want to force you to become desperate enough to settle for less than you deserve. Instead, get pre-settlement legal funding from Tribeca Lawsuit Loans to turn the tables on them and take back control over your compensation.

Apply today by filling out our online application form or by calling us at (866) 388-2288.

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