At Tribeca Lawsuit Loans, we provide pre-settlement legal funding to clients waiting for their lawsuits to settle or resolve in court. Most of the time, clients want to know what these funds can be used for. The answer is: anything you need! The pre-settlement legal funding process is designed to get you the money you need in the present moment to hold you over until you receive the compensation you deserve. It can be used for lots of items, such as:
- Medical bills
- Repairs to your vehicle or other damaged property
- Rent or mortgage payments
- Daily expenses like food, fuel, and clothing
When you are approved for pre-settlement funding, you can see the money in your bank account in as little as 24 hours. Depending on the facts of your case, your expected compensation, and additional factors, Tribeca Lawsuit Loans can provide anywhere from $500 to $1,000,000.
If you are in the middle of a lawsuit, you know how frustrating and slow the justice system can move. In many cases, the opposing side of the lawsuit will try to stall negotiations or postpone meetings in the hopes that your pressing financial obligations will force you to agree to a lower sum than you deserve. Relieve the pressure by getting pre-settlement legal funding from Tribeca Lawsuit Loans.
Applying for your money is simple and easy. Simply fill out the form on our Apply Now page and our team will evaluate your eligibility. If you have any questions about how the process works, call our office at (866) 388-2288.
Pre-Settlement Legal Funding Is Better than a Loan
The name “Tribeca Lawsuit Loans” might make you think that what we provide is a loan. In reality, pre-settlement legal funding is a specific form of financial assistance that is much safer than a lawsuit loan. As non-recourse debt, pre-settlement legal funding protects you from personal liability. This means:
- We cannot pursue repayment from your personal finances.
- The only repayment source is a percentage of your eventual compensation package.
- You do not have to repay us at all if you lose your lawsuit.
For these reasons, pre-settlement legal funding is risk-free for you. Tribeca Lawsuit Loans takes on all the risk, so you don’t have to worry about being stuck with a repayment plan even if you lose your case.
Pre-Settlement Funding Is Less Invasive
Not only is pre-settlement legal funding a safer alternative to a typical loan, but it is also significantly less of a privacy invasion. Since the repayment comes directly out of your compensation package and has nothing to do with your personal finances, we don’t have to delve into your bank account before approving your application. That means there are NO:
- Credit checks
- Pulling of bank statements
- Reading into your financial history
- Required proof of income
- Hits to your credit score
Instead, the application process will ask you about the details of your lawsuit. That includes the name and contact information of your attorney or law firm, the expected amount of compensation you will receive (based on the amount of damages you are pursuing), the expected length of your lawsuit, and other factors.
Taxes and Pre-Settlement Legal Funding
Another perk of pre-settlement legal funding is that, since repayment for the funds comes out of your eventual compensation package, it is considered part of your compensation. Essentially, this means it usually is not taxed, just as your compensation package is not taxed.
One exception to this general rule involves making investments. Once your pre-settlement legal funding is in your bank account, it is your money to do with as you please. However, any funds you use for investment purposes will be taxed as a regular investment. On the other hand, repairs to your vehicle or damaged property will not.
Qualifying for Pre-Settlement Funding
As long as you currently have a lawsuit in the process of being resolved, you likely qualify to receive pre-settlement legal funding. Many of Tribeca Lawsuit Loans’ clients have personal injury claims, such as medical malpractice lawsuits or car accident cases, but that is not the only legal practice area that can qualify. Some of our previous clients have had cases like:
- Jones Act claims
- Qui Tam or whistleblower lawsuits
- Employment/labor law violations
- Product liability claims
- Defective drugs cases
Also, you will need to have a lawyer or law firm on your side. This helps us assess the validity of your claim and adds to the likelihood that you will receive a significant compensation package. Studies show that clients who are represented by attorneys tend to get more compensation than those who are not—even when attorney fees are added into the equation. Having an attorney on your side is simply better for everyone involved in the pre-settlement legal process. Plus, we work directly with your lawyer when it comes time for repayment, ensuring you do not have to worry about any monthly payment plans.
Apply for Pre-Settlement Legal Funding Today
You can get the money you need while you wait for your case to resolve. Apply for pre-settlement legal funding for FREE by filling out the form on our Apply Now page. If you have any concerns about this form of funding or questions about how the process works, just call our office at (866) 388-2288 to speak with one of our representatives today.