Legal-Bay is a popular choice for lawsuit lending, having more than 20 years of combined industry experience. They require no monthly payments and no out-of-pocket or upfront expenses for you. Like with us, you only have to repay your loan if you win your case and receive compensation.
For these reasons and more, Legal-Bay was included in our list of Top Lawsuit Loan Companies in the U.S. in 2021. We’ve provided a more detailed breakdown here so that you can make the best possible decision about which company you choose for your lawsuit loan.
How Specialized Is Legal-Bay?
Many of the cases funded by Legal-Bay fall under the general personal injury umbrella. Those can be cases like:
- Nursing home abuse
- Car accident lawsuits
- Medical malpractice
- Premises liability
- Product liability
However, the company actually offers lawsuit loans for a variety of case types. For example, you may be able to receive financial assistance from Legal-Bay if you have a Civil Rights-related case (such as police brutality), or even a workers’ compensation claim. As long as you are the plaintiff in your lawsuit and stand to get compensation, you should be eligible.
This lender truly shines in the area of online reputation. With over 130 Trustpilot reviews and an average of five stars, it’s safe to say that Legal-Bay is beloved by almost all of its former clients. Verified customers report that the funding is legitimate, the approval process is quick, and the company is generally receptive and easy to contact.
Legal-Bay has more than two decades of experience providing lawsuit loans, so there is plenty of history and reliability on display here to warrant its legitimacy.
The Cost of Legal-Bay Pre-Settlement Funding
As is standard practice for legitimate, ethical lenders in the lawsuit loan industry, Legal-Bay offers funding non-recourse cash advances. This means:
- There are no monthly payments for you
- Repayment does not come out of your personal finances, but out of your compensation package
- You pay back nothing if you lose your lawsuit
Another positive is that the company offers a free case evaluation and application procedure. You can fill out the online form, the company’s team of underwriters will assess your situation, and you should have the money in your account in as little as 24 hours after your case is approved for funding.
One Important Factor: Interest Rates
Not all lawsuits are equally risky, and even the most seemingly straightforward cases can collapse. For this reason, every client of Legal-Bay will get a unique interest rate based on the risk of their situation. The company lists a maximum interest of over 26%, which can be steep. Check the details of your contract before signing on for Legal-Bay’s pre-settlement funding.
Get Your Legal Funding Fast
We like Legal-Bay and approve of the high regard in which its customers hold the company. But if you’re already here, feel free to apply for legit legal funding from Tribeca. Click on the Apply Now button at the top of the page to get started. You’ll see why more than 1,630 clients have given us over 300 positive online reviews.