Pre-settlement legal funding is a way for people in civil cases to meet their financial obligations during the time it takes to settle their claims. In some cases, the settlement negotiation process can drag on for months and even years, and that’s not even including the time it takes for a case to go through the court system. During all that time, the person who was harmed by the initial situation may still have outstanding debts they need to meet, such as:
- Medical bills
- Lost wages
- Daily expenses such as food and clothing
- Replacement of damaged property
Personal injury claims, employment law disputes, wrongful death cases, and a host of other legal matters may qualify an individual for pre-settlement legal funding from Tribeca Lawsuit Loans.
If you meet the eligibility requirements and have a significant financial need during your lawsuit, it’s time to take control of your situation and get funds. Call the offices of Tribeca Lawsuit Loans at (866) 388-2288 to speak to one of our representatives. You can also fill out your information in the form on our Apply Now page to get the process started immediately. Applying is always FREE, and there are no upfront costs associated with pre-settlement legal funding.
Cases We Fund
The first step in testing eligibility is to see whether you fit into one of the many types of claims that Tribeca Lawsuit Loans funds. In the past, our clients have come to us for funding in cases including:
- Wage disputes with employers
- Defective product claims
- Premises liability injuries
- Auto accidents
- Medical malpractice
- Cases related to the Jones Act
- Whistleblower cases
- Faulty pharmaceutical drug claims
If you are injured or your loved one is killed in an act that resulted from the direct fault or negligence of another individual or corporate entity, you likely are eligible for pre-settlement legal funding. Even if you do not see your specific case type listed here, you should inquire about our ability to provide you with the funding you need while your case settles.
Additional Eligibility Requirements
In order to be eligible for pre-settlement legal funding from Tribeca Lawsuit Loans, you also need to fit additional criteria. Since the funds we provide serve as non-recourse debt (which protects you and puts all the risk on us), we have to be sure that your case meets our standards.
Having an Attorney
You will need to provide us with the contact information of the lawyer or law firm that is representing you in this case. We work directly with the attorney when it comes time for repayment, as well as at the beginning of your case so that we can understand your likely settlement amount and craft a funding arrangement that meets your needs.
Plus, having an attorney is just a good idea. Studies performed by the Insurance Research Council show that claimants who make use of an attorney obtain 3.5 times more compensation, on average, than those who don’t get legal assistance. Even after attorneys’ fees, you stand to make more money in your claim by having a lawyer than if you try to negotiate by yourself.
Having an Official Lawsuit
To be eligible for pre-settlement legal funding, you also must be represented by an attorney and be in the negotiation process for a settlement. This helps ensure that you are serious about your claim, that your case is legitimate and has merit, and that there is a high likelihood that you will end up with a settlement once your case concludes.Â
Since Tribeca Lawsuit Loans are repaid out of your eventual settlement, you must be represented by an attorney who will be responsible for distributing the settlement funds and repaying the various legal liens.
Live in The Right State
Unfortunately, some states have more permissible rules for legal funding than others, which can impact your access to a lawsuit loan. While lawsuit funding is legal nationwide in the United States, some state laws make it a risky proposition for legal funding companies.
In general, legal funding companies are often hesitant to do business in states that abide by a contributory negligence doctrine. This is because they have a much greater risk of losing their entire investment, which can occur if the plaintiff is found to be at all responsible for their own damages.
How Repayment Works
Pre-settlement legal funding has no upfront costs. If you are eligible and are approved, you can get anywhere from $500 to $1,000,000 in your bank account in as little as 24 hours. There are NO:
- Credit checks
- Monthly payments
- Intrusive looks at your bank statements
Instead, we are repaid as a percentage of the settlement you end up with. Here’s how that process works.
- Your case concludes with a negotiated settlement or a jury award.
- Your attorney receives a check for the settlement or award amount from the at-fault party.
- Your attorney writes a check to Tribeca Lawsuit Loans out of that settlement amount.
- You keep the rest!
This way, you don’t have to worry about repaying us yourself, and you aren’t on the hook for monthly payments that can rack up high interest. Even better: if you lose your claim, you don’t have to pay us back at all.
Apply for Pre-Settlement Legal Funding Today
If you are in the middle of a long, drawn-out negotiation process for a legal matter, it’s important to ensure that you are financially stable. That way, the other side can’t pressure you into accepting a settlement that does not truly meet your needs.
To help right the ship and hold you over until your case concludes, consider getting pre-settlement legal funding from Tribeca Lawsuit Loans. Fill out the form on our Apply Now page to start the process and get money in your bank account in as little as a single day after you apply. You can also call us at (866) 388-2288 and we will be happy to address any concerns or answer any questions about the pre-settlement legal funding process.