What Is the Maximum that I Can Receive as a Pre-Settlement Loan

What Is the Maximum that I Can Receive as a Pre-Settlement Loan?

When you are in the middle of a lawsuit, sometimes the end of the proverbial tunnel is way out of sight. A lawsuit can take months, or even years, to finally resolve. In the meantime, your bills and financial obligations continue to pile up. Pre-settlement legal funding offers a way out of this predicament without having to settle for less than you deserve.

At Tribeca Lawsuit Loans, our underwriting team can provide up to $1,000,000 in funds now so that you can cover your expenses while you wait for your compensation. In some cases, you may only need a small amount of money to cover specific costs. We’ve provided clients with as little as $500, which sometimes makes all the difference.

The amount you receive for your pre-settlement loan depends on a variety of factors related to your claim. Your position of need, the amount of damages you are seeking, your expected compensation package, the length of time your lawsuit is expected to last… all of these details help us determine the right amount of pre-settlement funding to provide. That’s because repayment for pre-settlement loans comes directly out of your compensation package.

At first glance, you might balk at the idea of paying back funding out of your compensation. However, this way, you are not held personally liable for the debt. It’s basically a way of reaching into the future, grabbing some of the money you are owed, and pulling it into the present to cover your expenses now. Also, this setup protects you from unnecessary risk. If you end up losing your lawsuit due to unforeseen circumstances, you don’t have to pay us back at all.

In the middle of a lawsuit? Get pre-settlement legal funding to ease the pressure. Simply fill out the form on our Apply Now page or call our office at (866) 388-2288 and we will help you with the process.

How You Can Spend Your Pre-Settlement Legal Funds

One of the top questions about pre-settlement legal funding is how that money can be used. However, unlike specially-designated loans like medical funding, there is no set way that you must spend pre-settlement legal funding. It’s your money as soon as it enters your bank account, and you can use it for any expenses that crop up. Common ways of spending pre-settlement loans include:

  • Paying your rent or mortgage
  • Covering daily costs like food and gas
  • Repairing or replacing damaged property
  • Replacing income you have lost due to injury
  • Any other necessary expenses

Even better, pre-settlement legal funding is usually not taxable. That’s because, since it comes out of your eventual compensation package in your lawsuit, it is treated as part of that (non-taxed) compensation. One exception to this is if you use your pre-settlement loan to make investments. Those investments would be taxed as usual.

Cases that Qualify You for Pre-Settlement Loans

Claimants in many types of lawsuits might be eligible for pre-settlement legal funding. As long as you stand to collect a compensation package (whether through settlement negotiations or through the court system), chances are good that you can receive pre-settlement funds. Some of Tribeca Lawsuit Loans’ previous clients have had cases like:

  • Employment law disputes
  • Qui Tam or whistleblower cases
  • Car accident claims
  • Medical malpractice injuries
  • Lawsuits involving the Jones Act
  • Defective drugs lawsuits
  • Faulty or improperly manufactured product cases

We also deal exclusively with clients who are represented by legal counsel. When it comes time for repayment at the conclusion of your lawsuit, your attorney will simply write us a check for repayment out of the compensation you receive. That’s a good policy for many reasons, including the fact that you won’t have to worry about monthly payments or defaulting on the debt.

Also, it’s simply good practice to have an attorney on your side. Studies show that clients who are represented by experienced legal counsel often receive more compensation than those who choose to represent themselves. The opposing side in your lawsuit will likely take advantage of you if you do not have an attorney fighting for the compensation you deserve.

Fill Out Your Application Today for FREE

While we can’t say for sure just how much you can receive for your pre-settlement loan, it may be as much as $1,000,000. Even better, applying is FREE. Fill out the easy-to-use form on our Apply Now page to get the process started, and our team will work to approve your request as quickly as possible.

Don’t let the other side in your lawsuit use your financial vulnerability to force you into a settlement that doesn’t meet your needs. Get pre-settlement legal funding now and give your attorney time to fight for a just arrangement.

Please call our office with any questions or concerns regarding the pre-settlement legal funding process. You can reach us at (866) 388-2288.

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