Did you suffer an injury or injustice recently in Florida? Filing a lawsuit has recently gotten a bit complicated after the state has approved a major overhaul of its litigation rules. Hiring a lawyer would be the wisest move, but the next question is – what about the mounting costs that come with it?
When facing a legal battle in Florida, bills can pile up very quickly. At Tribeca Lawsuit Loans, we understand the challenges you may face, and we have a solution to your financial worries.
In this article, we’ll discuss the essential features of legal funding, how it works, the applicable state laws, and how it can benefit the residents of the Sunshine State.
Understanding Florida Legal Funding
Court proceedings can take a lot of time, and at Tribeca Lawsuit Loans, we understand this heavy burden. Legal funding, or what is also referred to as “pre-settlement funding,” plays a vital role in assisting individuals financially regarding their lawsuits here in Florida.
It helps provide the monetary assistance and support that individuals need as they are dealing with the complexity of their cases.
Moreover, it allows individuals to use the funds they receive to manage their necessary expenses, such as rent, debt repayment, medical bills, tuition fees and any other daily costs they may have.
Unlike traditional loans, which make you jump through hoops before approval, we can provide you with a cash advance that does not require any monthly payments whatsoever. You will only repay the amount when your case is successful. Otherwise, you don’t have to pay us at all.
Benefits of Choosing Tribeca for Your Legal Funding Needs in Florida
It’s easy to feel intimidated or bullied by someone who wronged you – may that entity be a powerful corporation or someone with deep pockets – but choosing to pursue litigation is the right thing to do.
Aside from stress, there’s also the uncertainty of winning your case. It almost feels like a gamble to spend a lot of money if your opponent has access to the best law firm in Florida.
This is where we come in – we’re your secret weapon. We’re here to level the playing field with our financial assistance so you can also hire a team of equal or greater caliber to fight for your rights.
With a 94% acceptance rate, we have a proven record of success in pairing clients with pre-settlement funding.
How Florida Legal Funding Works
Tribeca Lawsuit Loans offers an efficient and competent legal funding process for our clients residing in Florida. Here’s a step-by-step guide on how it works:
Application
The first step you need to take is to complete our online application form. This will provide us with the necessary information regarding your case. Our application process is simple and can be completed within a few minutes.
Case Evaluation
Once you’ve completed our online application and we received it, the next step will involve our team of legal experts. They will proceed to carefully review the details of your case.
In terms of eligibility, our team will consider certain factors such as damages, the extent of your claim, liability, and potential success to determine if you are qualified.
Approval And Funding
Once your case meets our criteria, a funding offer will be provided. If you choose to accept the offer, we will deposit the funds into your account as quickly as 24 hours. Then, when you receive the money, you get to decide how to use it.
Repayment
The repayment of the funding relies on the settlement or judgment of your case. If your case is settled successfully in your favor, the funding, along with any other agreed-upon fees, will be repaid from the settlement.
You don’t have to worry about agents who will harass you or call you non-stop. We don’t directly collect the payment from you.
Case Progress Monitoring
Here at Tribeca, we value good communication with our clients. Our team will keep in touch with you and your attorney throughout the whole process to monitor the progress of your case, and if deemed necessary, we can provide more funding for any unexpected costs.
Eligibility Criteria for Legal Funding in Florida
Unlike other companies that would bury you in paperwork and make you jump through hoops, our process is very straightforward. We will not look into your financial status or employment background.
However, there are certain criteria that we follow in determining your eligibility for the funding. Our simple requirements include:
- You should be at least 18 years of age;
- You are the plaintiff in the lawsuit;
- You have legal representation.
Types of Cases We Fund
We provide legal funding for a variety of cases, including:
- Personal Injury Claims
- Car Accidents
- Employment Disputes and Labor Law Violations
- Medical Device Malfunctions
- Medical Malpractice
- Sexual Harassment Cases
- Wrongful Imprisonment And Wrongful Convictions
Required Documentation
During your application, you are required to submit the necessary files in your case documentation. These will help us assess the factors that we need to approve your funding. Generally, these are:
- Medical records;
- Police report, if applicable;
- Insurance information;
- Other relevant documents.
No Credit Check or Employment Verification
We know that unexpected financial challenges can arise during the course of a legal proceeding. That’s why we offer a simple and convenient funding process that doesn’t require credit checks or employment verification for our clients.
We won’t add any unnecessary stress to your situation, so you can focus on your case and your well-being.
Why Legal Funding is a Lifesaver for Many in Florida
Ranked as the most litigious state, Florida has seen a staggering 59,400 cases filed between March 2022 and March 2023. This equates to an alarming rate of 276 cases per 100,000 individuals, surpassing the number in New York by more than double.
In 2023, recent legislative reforms in Florida have played a significant role in fueling this surge in legal proceedings. The impact of these changes is undeniable, as they have catalyzed a remarkable rise in court filings within the state.
In March alone, over 280,000 new cases were filed, representing a remarkable 126% increase compared to previous records. As more and more people file their lawsuits, having access to legal funding would prove useful to Florida residents so they can properly fight for their rights.
Comparing Traditional Loans vs. Legal Funding
There are plenty of reasons why choosing legal funding in Florida is the optimal choice rather than acquiring a traditional loan.
With legal funding, time and financial obligation will no longer be one of your worries. Pre-settlement funding can provide you with a cash advance in only a short period of time.
Interest Rates and Fees
As for interest rates and fees, traditional loans often come with high-interest rates and hidden charges that can burden borrowers.
In contrast, legal funding providers generally base their interest rates and fees on the circumstances of your case.
Repayment Terms
Now, let’s consider the repayment terms. Traditional loans require monthly payments regardless of the outcome of your case.
On the other hand, legal funding is designed to align with the unpredictable nature of legal proceedings. Our clients only have to repay if their cases are successful, providing them with a flexible and less financially restrictive option.
We offer this arrangement to remove the worry of accumulating interest, allowing you to focus on the legal battle ahead.
Application and Approval Process
Finally, traditional loans involve a lot of paperwork, credit checks, and long waiting periods. On the other hand, legal funding simplifies this process by offering a quicker approval timeline, reducing stress during an already challenging time.
Frequently Asked Questions About Florida Legal Funding
Are Lawsuit Loans Or Legal Funding Allowed In Florida?
Yes, lawsuit loans or legal funding is perfectly legal in Florida. There are no prohibitions on funding companies to provide financial assistance to plaintiffs who are waiting for the settlement of their lawsuits.
However, it’s important that you truly understand the terms and conditions before you accept the funding and sign a financial agreement.
Do I Need To Hire A Lawyer In Florida?
It’s always best to hire a lawyer for your case so there can be a professional by your side who can navigate the state’s legal system with ease.
You also have to consider statutes of limitations, which require certain claims to be filed at a specific time.
On our end, we will work closely with your legal counsel as soon as you start your application. Our team and your lawyer will work tirelessly for your best interests.
Tribeca’s Commitment to Ethical and Transparent Legal Funding in Florida
Tribeca’s commitment to transparency means no hidden fees or confusing terms that are designed to trick you into surrendering a large portion of your settlement.
We also won’t manipulate you to drain every dime of your judgment award in our favor. As a client, you can expect a straightforward process that puts you in control.
Legal Funding Disclosure In Florida
Moreover, we always strive to diligently file our clients’ records with the appropriate agencies as part of our duty to uphold ethical funding.
In Florida, the state’s Secured Transaction Registry permits an individual to view the Uniform Commercial Code (UCC) Financing Statement, which provides the debtor’s name and address, the secured party’s name and address, and the nature of the collateral.
Start Your Application Today
Here at Tribeca, we believe that everyone has the right to fight for a fair settlement, and no financial struggle should be a hindrance to taking legal action.
That is why we provide legal funding to help individuals in Florida fight for their rights as they seek the settlement they deserve.
For years, we have provided our clients with transparent and reliable service across the country. The advantages of legal funding also go beyond providing money when you need it.
It’s all about reducing your risks and creating a fair playing field as you go up against powerful people and companies with deep pockets.
We provide a secure and worry-free solution for obtaining the funds you require – we can be your lifeline during this challenging time.
Fill out our secure and confidential form today or call (866) 388-2288 now.