In recent years, the world of lawsuit lending has come under scrutiny. If you are in the middle of a lengthy lawsuit, you likely need cash now so that you can weather the opposition’s stall tactics. There are several options, including straightforward loans as well as pre-settlement legal funding (also called pre-settlement loans). While traditional lawsuit loans have been exposed for adding risk to the already injured, as reported by the New York Times, pre-settlement legal funding protects the borrower from personal liability.
You can get a pre-settlement loan, or pre-settlement legal funding, from Tribeca Lawsuit Loans. Unlike other forms of lending, this is non-recourse, which means there is no risk to you. You pay us back the agreed-upon percentage of your eventual settlement or compensation package, and that’s it. To get pre-settlement legal funding, all you need to do is fill out the FREE form on our Apply Now page. The form will ask you questions about:
- The details of your lawsuit
- The expected length of your legal battle
- Names and contact information for your attorney or law firm
- Your expected amount of compensation
After our team reviews your application and contacts your attorney, you can be approved for up to $1,000,000. That money can be in your bank account in as little as 24 hours after approval! If you have a lawsuit in the works, you might be worried about your present financial obligations, like medical bills, even as you pursue significant compensation. Get a pre-settlement loan to ease the pressure and allow your lawyer to fight for the amount of compensation you truly deserve.
If you have any questions about the pre-settlement legal funding process, feel free to call Tribeca Lawsuit Loans at our office by dialing (866) 388-2288.
Why You Need a Pre-Settlement Loan
Pre-settlement legal funding is a great way to ease your financial burdens and give you peace of mind as you fight for justice. Many times, lawsuits can take months and even years to resolve. This often leaves injured or financially harmed people struggling to make do while the opposing side continues to drag their feet in negotiations. If your case must go all the way through the court system before resolving, that can add even longer to your wait time.
Getting pre-settlement legal funding gives you a piece of your compensation package now so that you can relieve the pressure to settle for less than you deserve. You can use a pre-settlement loan for any expenses, such as:
- Medical care
- Installation of medical equipment in your home
- Repair costs for damaged property (such as a vehicle)
- Rent or mortgage payments
- Daily needs, such as food, fuel, and clothing
- Utility bills
It is your money to do with as you see fit! When you get pre-settlement legal funding, you get financial freedom so that you can focus on recovering the compensation package you deserve instead of letting the opposing side dictate the terms of a negotiation.
How Non-Recourse Lending Protects You
There are two types of debt: recourse and non-recourse. Pre-settlement legal funding is non-recourse, which protects the borrower (that’s you!). When you get a pre-settlement loan, the collateral that backs the loan is a portion of your eventual legal settlement or jury award. Since it is non-recourse, the most the lender (that’s us!) can take as repayment is that agreed-upon portion of your compensation package. In other words, you are never held personally liable for the debt and your personal finances will not be at risk.
Another important takeaway is that non-recourse pre-settlement legal funding does not set you up for monthly payments. We work directly with your attorney at the conclusion of your lawsuit. Once they get a payment check from the at-fault party, they write Tribeca Lawsuit Loans a check for the agreed-upon amount of repayment, and that’s the end of the matter. You don’t have to worry about remembering payment dates at all.
Plus, non-recourse has another perk. No matter how airtight a lawsuit might seem, there is always a slight chance that you may take it to court and lose. If you lose your case, you do not have to pay us back at all!
Qualifying for a Pre-Settlement Loan
In order to qualify for pre-settlement legal funding from Tribeca Lawsuit Loans, you will need to have a lawsuit claim. As long as you are the claimant, you are likely eligible for pre-settlement funding. In the past, we have helped clients with cases as disparate as:
- Car accident injuries
- Medical malpractice
- Nursing home abuse and neglect cases
- Product liability (faulty manufacturing)
- Slip and fall cases
- Employment and labor law disputes
- Whistleblower claims
Also, since Tribeca Lawsuit Loans works directly with your lawyer, you need to be represented by an attorney or law firm. This benefits you as well since clients who are represented by experienced legal counsel statistically receive much more compensation.
Apply for a Pre-Settlement Loan for FREE
To get your pre-settlement loan, simply fill out our FREE application on our Apply Now page. Our team will check your eligibility, get in touch with your attorney for further details, and decide whether to approve your request. If you are approved, you can have up to $1,000,000 in your bank account in as little as 24 hours.
Unsure about the pre-settlement legal funding process? Give us a call at (866) 388-2288 and one of our representatives will help guide you through the steps you need to take to apply.