Pre-settlement legal funding is a form of financial assistance that is more akin to a cash advance than a loan. Used during the negotiation process of a lawsuit, this type of funding is typically non-recourse, which means the borrower is protected. At Tribeca Lawsuit Loans, we have provided pre-settlement legal funding for a range of personal injury and civil lawsuits, including:
- Auto accident cases
- Slip and fall claims
- Employment law disputes
- Whistleblower cases
- Lawsuits stemming from the Jones Act
- Faulty product injuries
- Medical malpractice
The negotiation phase of a lawsuit can drag on for months, with some cases failing to resolve for years. Meanwhile, the injured person can suffer from lost wages and medical bills coming due even as everyday expenses like rent or mortgage payments pile up. In many situations, the opposing side knows that they can benefit from extending the negotiations for as long as possible, making the injured person desperate. By getting pre-settlement legal funding, you can counteract this tactic and obtain the funds you need to finance your lifestyle while waiting for a favorable outcome in your case.
If you have a pending lawsuit and need money now, consider pre-settlement legal funding from Tribeca Lawsuit Loans. We take on all the risk so you don’t have to! In total, our clients have received more than $45 million from us, and we have a high rate of approval. For more information, call our office at (866) 388-2288. If you are ready to apply for your cash now, simply fill out your information on our Apply Now page and we will be in touch.
How Pre-Settlement Funding Works
When it comes down to it, pre-settlement legal funding is essentially a way to borrow from your future self. Through Tribeca Lawsuit Loans, you pull finances from the settlement you expect to receive at the conclusion of your lawsuit. Then, once your case is finalized and you receive the settlement or jury award, your attorney sends a check for the repayment amount to us. It’s that simple!
The Application Process
When you apply for pre-settlement legal funding, the good news is that the process is not dependent on your personal finances. There is NO:
- Credit check
- Bank statement check
- Financial history check
Instead, our decision relies more on the details of your claim. Since we are repaid out of your eventual settlement, our staff looks into the expected settlement you will receive when approving funds. The validity of your case, the length of the expected negotiation process, and the amount of your damages are all factors that can influence our decision. We can approve anywhere from $500 to $1,000,000, depending on the facts of your case and your financial need.
The Repayment Process
Tribeca Lawsuit Loans works directly with your attorney or law firm when it comes time for repayment. Once they get a check for the settlement or jury award that you are owed, they write a new check for the agreed-upon amount to Tribeca Lawsuit Loans. Since this process is streamlined through your attorney, there are NO:
- Monthly payments
- Risk of default
Also, our pre-settlement legal funding is non-recourse in nature. That means the most we can take as repayment is a percentage of your eventual settlement since the settlement is the effective collateral that backs the advance with which you are provided. We can’t and won’t pursue payment from your personal finances, and you don’t have to worry about predatory practices like wage garnishment. Plus, if you wind up losing your claim and coming away without a settlement or jury award you don’t have to repay your pre-settlement legal funding.
That’s what it means to provide no-risk financial aid to our clients, and it’s why we have over 1,630 customers who are happy with our services.
Common Uses for Pre-Settlement Legal Funding
At Tribeca Lawsuit Loans, we aim to provide funding to you as efficiently as possible. After your case is approved, you can expect the money in your bank account in as little as 24 hours. That money is yours to do with as you see fit. Some of the most common uses for pre-settlement legal funding include:
- Purchasing necessary medical equipment for your home
- Providing food and clothing for your family
- Replacing lost income resulting from your injury
- Paying off medical bills
- Paying your rent or mortgage
While pre-settlement legal funding is usually considered part of your settlement and (in most cases) is not taxable, you will need to pay taxes on it if you use it for certain purposes, such as making an investment.
Learn Whether Your Case Qualifies for Pre-Settlement Legal Funding
If you are in the midst of a lawsuit and are represented by an attorney or law firm, you might qualify for pre-settlement legal funding from Tribeca Lawsuit Loans. Applying is FREE so there is no reason not to fill out the form on our Apply Now page. In fact, we have an acceptance rate of 94%, so chances are good that you are eligible.
Don’t let the opposing side in your lawsuit pressure you into settling for a small amount. You deserve the full compensation to which you are entitled. With pre-settlement legal funding from Tribeca Lawsuit Loans, you can give your lawyer enough time to negotiate a positive result.
For more information, answers to your questions, or to voice concerns about the process, call our office today at (866) 388-2288 and a member of the Tribeca Lawsuit Loans team will be happy to assist you.