Legal funding, also known as a lawsuit loan, is an arrangement in which a lender provides the plaintiff in a lawsuit with money in the present while they wait for their case to resolve. Then, at the conclusion of the lawsuit, the lender is paid back out of the claimant’s compensation package according to an agreed-upon percentage.
Lawsuit loans help you fight for the compensation you deserve instead of settling for less just because your bills are starting to pile up. They remove the pressure to settle and allow your attorney to seek the best possible outcome in your case.
Lawsuit Loans Are Legal In Arizona
It’s perfectly legal to get a lawsuit loan in Arizona. In fact, the state regulates the market to make sure that lenders abide by specific rules that protect consumers’ rights. For example, Arizona Senate Bill 1403 requires:
- Full licensure as a legal funding lender
- A maximum interest rate amount
At Tribeca, we provide pre-settlement funding to clients across the state, abiding by all applicable state and federal laws as well as operating according to industry best practices. Whether you live in the largest cities like Phoenix, Mesa, Tucson, Chandler, and Scottsdale or live in the most remote rural areas, we’re here to help you get the money you need, fast.
Types of Cases We Fund
As long as you are the plaintiff in an ongoing lawsuit, you likely qualify for lawsuit loans. Tribeca has provided funds to clients in cases that include:
- Product liability claims
- Car accidents
- FELA-related railroad worker injuries
- Whistleblower or Qui Tam cases
- Medical malpractice
- Employment or labor law violations, such as employment discrimination
How Our Lawsuit Loans Keep You Safe
Some clients are reluctant to take on what they view as “extra debt.” However, our pre-settlement arrangements ensure that you are kept safe. For starters, we cannot touch your personal finances.
We are solely repaid out of the agreed-upon percentage of your eventual settlement or jury award. Other ways we keep you safe include:
- We offer exclusively non-recourse loans.
- We cannot seize collateral other than the agreed-upon portion of your compensation.
- You don’t have to pay us back at all if you lose your lawsuit!
Apply for FREE to Get Your Arizona Lawsuit Loan
Struggling to withstand the stall tactics of the opposing side in your lawsuit? Get help today by filling out our FREE online application form. We’ll take a look at the relevant aspects of your case to determine whether you qualify for a loan, as well as how much we can provide you in your situation.
Call our office at (866) 388-2288 to speak with a team member and learn more about the process of getting pre-settlement funding in Arizona.