Lawsuits can take a lot of time to resolve. It’s not unheard of for a case, from the incident that sparks it to its resolution, to take many months to several years before the harmed person gets the compensation they deserve. Unfortunately, bills don’t wait and the opposing side in a lawsuit can use your desperation for money in the present moment to force you to accept a settlement offer that is far too small for what you are truly owed.
Tribeca Lawsuit Loans offers pre-settlement legal funding for just this sort of situation. When you are approved, you get your money now and pay it back once you receive the compensation package at the end of your case. However, we also know that life is uncertain, medical issues can arise unpredictably, and additional legal fees can spring up when you least expect them.
In some cases, it is possible to apply for pre-settlement legal funding more than once. Tribeca Lawsuit Loans will undertake a no-obligation review of your current funding situation in order to better meet your needs. We also offer this service for clients who currently have loans from other lenders and who may have been rejected for additional pre-settlement legal funding.
For more information about multiple applications for pre-settlement legal funding, call the offices of Tribeca Lawsuit Loans at (866) 388-2288. If this is your first time looking into pre-settlement legal funding, go ahead and fill in your information on our Apply Now page. Applying is totally FREE, and the funding is non-recourse. That means it has no risk to you!
How Pre-Settlement Legal Funding Works
Pre-settlement legal funding is not a loan. Instead, the better terminology to use is a cash advance. Essentially, you are dipping into your future settlement or jury award in order to pay for expenses in the here and now.
Unlike a traditional loan, pre-settlement legal funding is non-recourse, which means that Tribeca Lawsuit Loans (the lender) is strictly limited on how we can go about seeking repayment. This protects you and puts all the risk on us.
Once you get pre-settlement legal funding, the money is yours. Many clients spend it on items like:
- Medical bills
- Covering lost wages due to injury
- Necessary expenses like food and clothing
- Rent or mortgages
When You Need Additional Funds
Expenses often crop up unexpectedly. You might be hit with payment for a surgery that you did not realize you were going to need, the cost of hiring an expert witness for your case, court fees, and other costs.
When you apply for pre-settlement legal funding the first time, the team at Tribeca Lawsuit Loans reviews your case and decides on the amount of financial support we can provide. However, lawsuits are volatile entities, and there are many twists and turns. It’s possible to need additional funds when new developments arise in your case.
Alternatively, you might have a lawsuit loan or pre-settlement funding from another lender who refuses to reassess your need for new funds. If that’s the case, don’t panic. Tribeca Lawsuit Loans is happy to check out cases that have been rejected by our competitors, and we might be able to provide you with another instance of pre-settlement legal funding.
Below is an example of a situation in which you might qualify for more pre-settlement legal funding.
- We provide you with anywhere from 10% to 20% of the full value of your expected compensation.
- During the course of your lawsuit, factors become apparent that increase the likelihood of a higher settlement at your case’s conclusion.
- Upon review, Tribeca Lawsuit Loans may offer additional funding.
The reason we typically provide 10-20% of the total value of your expected compensation is that we want to ensure that you are not taken advantage of. At the end of your case, we will be repaid, your attorney will be reimbursed for court costs and lawyer’s fees, and then you keep the rest. We never want you to be left with crumbs after fighting so hard for the compensation you deserve.
Apply for Pre-Settlement Legal Funding with Tribeca Lawsuit Loans Today
If you are new to the lawsuit loan industry or if you already have existing pre-settlement legal funding, you still may qualify for funds from Tribeca Lawsuit Loans. Applying is FREE, and you do not have to repay the funding if you lose your case, so there is absolutely no risk to you.
To start the process and have up to $1,000,000 in your bank account after approval, simply fill out the form on our Apply Now page. You can also call (866) 388-2288 to speak with one of our representatives about any questions you may have regarding the pre-settlement legal funding process.