Need financial support during your lawsuit but worried about credit checks? Lawsuit loans offer plaintiffs immediate cash advances without the need for a credit check, allowing you to cover living expenses and other financial obligations while your case is pending.
In this article, we explain how lawsuit loans work, why credit checks are often not required, and how Tribeca can assist you.
How to Qualify for a Lawsuit Loan without Good Credit
Credit checks are not a strict necessity for lawsuit funding, but certain qualification requirements are taken into consideration while determining eligibility. The following tips will improve your chances of being granted a lawsuit loan even if you have poor credit:
Select a Reputable Loan Company: Working with a reputable and trustworthy lawsuit financing company, like Tribeca Lawsuit Loans can greatly improve your chances of approval, even if your credit is bad.
Describe Your Case Clearly: When requesting a settlement loan, be prepared to give specific case information, including the type of the lawsuit (personal injury, medical malpractice, workers’ compensation, etc.), the anticipated settlement amount, and those involved.
Seek Professional Legal Assistance: Hiring a skilled lawyer can strengthen the validity of your claim and improve your chances of getting a settlement loan. Your case can be successfully presented to the lawsuit settlement loan provider by an experienced attorney, who will emphasize its advantages and chances of success.
Collateral and Repayment Options: Some providers may consider collateral or present additional repayment options. With your chosen provider, go over these options to investigate your options based on your particular situation.
Frequently Asked Questions
Why is a credit check not necessary?
Credit checks are usually not necessary for litigation financing from Tribeca. The case merits and chances of a favorable settlement or verdict are the main factors that determine whether the loan will be approved.
What types of lawsuits are eligible for lawsuit loans?
Cases involving personal injury, medical malpractice, workers’ compensation, and discrimination are just a few of the various types of cases for which lawsuit loans are offered.
Are theseloans the same as traditional loans?
No, lawsuit loans are distinct from regular loans. They are non-recourse advances, and repayment is only required in the case that the plaintiff prevails or obtains a settlement. Conventional loans rely on monthly payments, no matter how the case turns out.
How long does it take to receive a loan?
The time it takes to obtain a settlement loan varies on the provider and how complex the case is. However, dependable lenders like Tribeca Lawsuit Loans provide short approval times and fast funding after the application process. Often, in just 24 hours!
What is post-settlement funding?
Post-settlement funding is a type of financial assistance where a plaintiff gets a cash advance shortly after their lawsuit is settled and they can no longer wait for it to be disbursed.
What happens if I lose my case?
Usually, you have no obligation to give back the litigation loan if you lose your case. Lawsuit funding is non-recourse, thus repayment is conditioned on a favorable verdict.
Seek Tribeca’s Help in Obtaining A Lawsuit Loan Today Even if Your Credit Score is Low
Plaintiffs are given a lifeline by lawsuit loans during the frequently drawn-out legal process. They provide financial security, instant access to money, and the freedom to take care of urgent demands without the necessity for a credit check.
Tribeca stands out as a trustworthy and highly regarded provider in the field, providing plaintiffs with effective and transparent services. If you discover that you require financial support while involved in litigation, think about the advantages of pre-settlemenet loans and get in touch with Tribeca Lawsuit Loans for assistance.
You can obtain a FREE initial consultation when you contact us today by filling out our secure form or by calling our toll-free number 866-388-2288 right now.