Do Pre-Settlement Funds Show Up on Your Credit Report

Do Pre-Settlement Funds Show Up on Your Credit Report?

Pre-settlement legal funding is a form of financial assistance available to claimants waiting on their lawsuits to settle or conclude at trial. Some clients may worry about the effect of such funding on their credit score, but the good news is that pre-settlement legal funding is “attached to” your eventual compensation package. That means, just like the compensation itself, it should not show up on your credit report. Furthermore, when you get pre-settlement legal funding from Tribeca Lawsuit Loans, there is no credit check. Instead, the application and qualification process has to do with the details of your claim rather than your personal financial and credit history.

In this way, pre-settlement legal funding is a safer, risk-free alternative to traditional loans. Instead of bank statements or credit scores, the information you’ll need to supply Tribeca Lawsuit Loans with in your application includes:

  • The identity and contact information of your attorney or law firm
  • Your expected settlement or jury award amount
  • The type of lawsuit you have (i.e. the area of law to which it applies)
  • Your case’s expected duration

All of this information will be important in determining the amount of funding to provide, as well as the simple interest attached to your pre-settlement funds. Unlike traditional loans and other lawsuit lenders, Tribeca Lawsuit Loans uses simple interest rather than compound interest.

You can apply for pre-settlement legal funding through Tribeca Lawsuit Loans for FREE by filling out the form on our Apply Now page. Our team is also available to answer your calls at (866) 388-2288. Get the money you need to meet your expenses today, with no risk to you and no hit on your credit report.

Why You Need Pre-Settlement Legal Funding

Lawsuits can take a long time to resolve. Sometimes, it’s years before you receive the money you deserve. Meanwhile, your medical bills, rent, daily expenses, and other pressing matters continue to pile up. Add in the fact that many claimants in civil lawsuits are injured and become at least temporarily unable to work, and you have a recipe for desperation.

The opposing side in your lawsuit often knows the kind of pressure you are under. They are banking on your lost wages and rising costs to force you into accepting a settlement that does not adequately meet your needs. That way, they save money, and you are left in the lurch.

By getting pre-settlement legal funding, you can circumvent these tactics and allow your attorney or law firm the time it takes to negotiate an appropriate settlement. It can even hold you over if you need to take your case through the trial process. Many of the clients who get funding through Tribeca Lawsuit Loans use the money to pay for:

  • Rent and mortgage payments
  • Medical expenses, including necessary medical equipment for the home
  • Property repair or replacement costs
  • Daily expenses like food
  • Legal fees

Your Eligibility for Pre-Settlement Legal Funding

Cases that involve lawsuits between individuals or between an individual and a corporate entity may be eligible for pre-settlement legal funding. Tribeca Lawsuit Loans has a 94% case acceptance rate, and there is no cost to apply, so the best move is to fill out the form on our Apply Now page to see whether you are eligible.

Some of the claims we have helped fund in the past include:

  • Qui Tam lawsuits
  • Car accident cases
  • Premises liability (slip and fall accidents)
  • Defective drugs claims
  • Medical malpractice
  • Jones Act lawsuits
  • Employment Law disputes

Chances are good that if your lawsuit stems from harm you have received due to the actions or negligence of another person, company, or government entity, you should be eligible for pre-settlement legal funding.

Additionally, we require all clients to be represented by an attorney before being approved for funds. This is for many reasons, including the fact that studies show claimants with attorney representation earn as much as four times more in compensation than claimants who do not hire an attorney. Another reason is that we go to your attorney for repayment at the conclusion of your case. Your attorney writes Tribeca Lawsuit Loans a check out of the settlement or jury award you receive, preventing you from having to worry about:

  • Defaulting on repayment
  • Monthly payment plans

Instead, your lawyer writes the check, and that’s the end of the matter. You keep the rest!

Apply for Pre-Settlement Legal Funding at NO COST

The application process at Tribeca Lawsuit Loans is simple and straightforward. Once you fill out the form on our Apply Now page, for FREE, our staff verifies and evaluates the information you provide. In as little as 24 hours after you are approved, you can have anywhere from $500 to $1,000,000 in your bank account to help you meet your needs while your case settles.

Fill out the application form now to start the process. If you have any concerns or questions regarding the eligibility requirements, application process, or repayment, you can call our office toll-free at (866) 388-2288. Our team is ready to help you fight for justice by getting you the funds you need today.

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