One of the most commonly asked questions about pre-settlement legal funding, also known as lawsuit loans or lawsuit cash advances, is what interest rate you can expect.
Since the specifics of your funding arrangement largely depend on the details of your lawsuit, we can’t give you a definite interest rate. Those cases that are judged to be more of a risk may have higher interest rates, while those that are surer bets may have lower.
What we can tell you is that we’ll provide you with the lowest possible interest rate for your pre-settlement loans. After analyzing your application and getting in touch with your attorney or law firm for additional information, we’ll have a better idea of the funding we can get you.
We use a flat rate rather than a compounded rate. There are no hidden fees.
What Influences Your Lawsuit Loan Rate
Loan rates are NOT based on your personal finances or credit score. In fact, we don’t need to do a deep dive into your private bank account information and you will NOT be subject to a credit check at all.
Instead, interest rates for pre-settlement legal funding depend on factors related to your lawsuit:
- The overall strength of your case
- Your expected compensation (i.e. your total amount of damages)
- How long your case is expected to last
Our Repayment Process
Many people who take out lawsuit loans or pre-settlement legal funding dread the repayment process. At Tribeca Lawsuit Loans, we make it simple and stress-free for you.
First, if you wind up losing your lawsuit, you don’t have to pay us back at all! You are not personally liable for the funds, and Tribeca Lawsuit Loans simply takes the loss.
Hopefully, you’ll win your lawsuit. In that case, you’ll pay us back the portion of your compensation package that you’ve agreed to. Remember: no hidden fees. Even better, we go directly through your attorney when it comes time for repayment. Here’s how it works:
Step One: Your Case Resolves
Whether through settlement negotiations or a successful trial in court, your case ends in compensation for you. Hurray!
Step Two: Your Attorney Gets a Check
The at-fault party in your lawsuit will send a check to your lawyer’s office for the compensation amount. Your lawyer will then take out their attorney’s fees.
Step Three: Your Attorney Sends Us a Check
Finally, your lawyer will write a check for the agreed-upon amount to Tribeca Lawsuit Loans. You keep the rest of your rightfully earned compensation.
It’s that simple. There are no tricky loopholes for you to jump through and no need to worry about monthly repayment dates.
Instead, we do everything through your attorney so that you and your family don’t have to stress about the repayment process.
Apply for FREE
You can spend pre-settlement funding however you need. It’s your money. To apply today for FREE, visit our Apply Now page and we’ll take it from there.
In as little as 24 hours after approval, you can have up to $1 million in your bank account to cover your needs while your lawsuit settles.