AddressTribeca Capital Group, LLC3415 S. Sepulveda Boulevard, 11th FloorLos Angeles, California 90034Call: 24/7Phone: 866-388-2288
Settlement funding, also known as a lawsuit loan, is a form of cash advance that gives California lawsuit claimants money in the here-and-now instead of having to wait for their lawsuit to slog through the system. If you are a plaintiff in the middle of a case, struggling to pay your bills, a California lawsuit loan may be exactly the help you need.
Don’t bow to financial pressure and settle your lawsuit for mere pennies on the dollar. With a California settlement loan, you can meet your current financial responsibilities while continuing to fight for the compensation you deserve!
What is a California Lawsuit Loan?
Because lawsuits take months and even years to settle, many plaintiffs are strapped for cash. The medical bills, property repairs, and other legal damages on top of their regular expenses often drive them to settle early for a mere fraction of their case’s value. Legal funding like California lawsuit loans near you was born to meet the needs of financially stressed plaintiffs and provide the money they need to continue fighting for a just settlement.
Your future settlement serves as the collateral on a California lawsuit loan. There is no credit check or income verification required, and you can get your money within just 24 hours of approval. You can use the funds to pay your mortgage or rent, medical bills, or anything you need. Best of all, legal funding can help you win a better settlement!
Win a Bigger Settlement With a California Lawsuit Loan
As the plaintiff in a lawsuit, you’re likely facing a powerful and well-financed opponent. If you have suffered harm from a defective product or medical device, you’ll have a corporation’s entire legal department arrayed against you. Even in a car accident, you’re not facing another individual but their insurance company.
These companies often delay the lawsuit, dragging out the proceedings for months or even years. This deliberate ploy leverages your financial hardships to force you to settle for less money. California lawsuit settlement loans provide you with the cash you need to meet your expenses, so you can fight for the compensation that is rightfully yours.
At Tribeca, we help you to level the playing field.
Because we’re invested in the successful conclusion of your lawsuit, we may also provide case funding for your attorney. This can pay for expert witnesses and other litigation expenses to strengthen your case.
California Lawsuit Loan Eligibility
Our team provides legal funding and California lawsuit loans to clients across the Golden State. Headquartered in Los Angeles, we can serve you no matter where you live. We’ve helped lawsuit claimants in cities like:
- Los Angeles
- San Diego
- San Jose
- San Francisco
The list goes on! As long as you are the plaintiff in an existing lawsuit, you should qualify for legal funding. Some of our California lawsuit loans have funded clients with cases that dealt with:
- Personal injury
- Labor law
- Qui Tam
- Medical malpractice
- Sexual abuse
- Civil rights litigation
- Wrongful Death litigation
- Commercial litigation
And so much more! We provide the legal funding you need to pursue just compensation. Whatever type of California lawsuit settlement loan you need, Tribeca is here to help!
How Can California Lawsuit Loans Be Used?
When you take out a settlement loan in California, there is no restriction on how you use the funds. It is your money! Frequently, our clients use the money for:
- Medical bills
- Property repair
- Rent or mortgage payments
- Daily costs (gas, food, etc.)
- Property damage repair
- Replacing lost wages
Do you need the money from your lawsuit settlement now? A California lawsuit loan is the answer. Fill out our FREE application form by heading over to our Apply Now page. Call the Tribeca Lawsuit Loans team at 866-388-2288 if you have any questions or issues regarding the application process.
But is taking on more debt a good idea when you’re in financial distress? If it is a non-recourse loan, you bet!
What is a Non-Recourse Loan?
Legal lending like California lawsuit loans or personal injury lawsuit loans is structured as non-recourse loans. In a non-recourse loan, the collateral (in this case, your future lawsuit settlement) is the only possible source of funds to repay the debt. Your lender has no resource to attach your income, assets, or personal property to repay the loan. In fact, should you lose your case, you would owe us nothing!
Because your finances can never be used to repay us, our California lawsuit loan application includes:
- NO credit check
- NO employment verification
- NO asset evaluation
- NO proof of income
We will never see a single cent of your money, so we have no interest in your private finances. Your future settlement is the only source for repaying your California lawsuit loan. Therefore, our application DOES ask information about your case, including:
- Contact information for you and your attorney
- Information regarding the type of lawsuit you filed
- Your total damages in the case thus far
- How much money you would like to receive
Applying for a California lawsuit loan near you is quick, easy, and FREE!
How Much Money Can I Get in a California Lawsuit Loan?
Every lawsuit differs from every other one, so we cannot even estimate how much of a California lawsuit loan you might qualify for before you complete our application. However, we can tell you that we can loan our clients from $500 to $2 million based on the facts of each specific case.
When you apply for a California lawsuit loan near you, our team of underwriters will contact your attorney and crunch the numbers to determine how we can best meet your needs. We’ll draw up a contract to finalize our loan offer with that information, purring the exact loan amount we can provide in writing. We’ll also detail the simple, non-compounding interest rate for the loan. We charge no hidden fees and will always treat you with respect. All of our contracts are written in easy-to-understand language, and we are happy to answer any questions you have during the loaning process.
Do California Lawsuit Loans Charge Interest?
Our company charges a flat, simple interest rate rather than the compound interest other lenders charge. This helps ensure that we provide the lowest possible rates. While we can’t give you a specific percentage here, since that depends on the details of your claim, we can say that we always work to benefit our clients. Our goal is to help you pay your bills so you can pursue your claim to its completion. And we work to ensure that you will be able to keep as much of your settlement as possible. You repay your California lawsuit loan out of your eventual compensation package.
Applying for Your California Lawsuit Loan Is Free!
Head to our Apply Now page to get started, completely FREE. Provide facts about your case and the contact information of your attorney. If you have any questions or concerns regarding California lawsuit loans near you, feel free to call our office at (866) 388-2288 to speak with a helpful team member.
We offer California lawsuit loans near you in the following locations and more:
- Chula Vista
- Costa Mesa
- Daly City
- El Cajon
- El Monte
- Elk Grove
- Garden Grove
- Humboldt County
- Huntington Beach
- Jurupa Valley
- Long Beach
- Los Angeles
- Monterey County
- Moreno Valley
- Rancho Cucamonga
- San Bernardino
- San Diego
- San Francisco
- San Jose
- San Mateo
- Santa Ana
- Santa Clara
- Santa Clarita
- Santa Maria
- Santa Rosa
- Simi Valley
- Thousand Oaks
- West Covina
We look forward to assisting you with a California lawsuit near you so that you can get the compensation your case merits.
California Lawsuit Loans – Frequently Asked Questions
What are lawsuit loans in California?
California lawsuit loans provide plaintiffs in civil cases with early access to their future settlements so that they can pay their current bills. When a lawsuit continues for months or even years, the plaintiff may struggle to make ends meet. Legal funding can alleviate the economic pressure while allowing their attorney the time needed to negotiate the best possible settlement.
Why is my lawyer taking so long to settle my case?
Lawsuits can drag on for months or even years, but this is not the fault of the plaintiff’s attorney. There are three primary causes of the slow pace of lawsuits. First, the civil courts’ system is slow and in need of essential personnel to run more efficiently. Second, civil cases often have complicated fact patterns that take time to investigate thoroughly. Third, defense attorneys and insurance companies deliberately stall negotiations, dragging them out as long as possible. This delay tactic is designed to leverage the plaintiff’s financial distress against them, hoping it will force them to settle for a small fraction of their case’s worth.
Sadly, this cynical ploy is highly effective. Many plaintiffs are forced to settle for just 20-30% of their lawsuit’s value just to get enough money to pay their bills. A California lawsuit loan can provide the cash needed to relieve the financial pressure, pay the bills, and allow the attorney the time necessary to negotiate a just compensation.
Are California pre-settlement loans safe?
Yes, California settlement loans are entirely safe for the borrower. This is because settlement loans are structured as non-recourse loans, which can be repaid solely from the loan’s collateral. In legal funding, the collateral is the lawsuit’s future compensation. Therefore, the borrower’s income and assets can never be touched to repay the loan. In fact, they are not even checked during the application for funding.
The Internal Revenue Service (IRS) describes non-recourse loans by saying that borrowers are not personally liable for repaying them. Therefore, not only are California pre-settlement loans safe for the borrower, but if the lawsuit is lost, there is no need to repay the loan.
How much do lawsuit loans cost in California?
A California lawsuit loan costs a portion of your future compensation. The portion size will be spelled out before you sign the loan documents. The lawsuit’s settlement serves as the loan’s collateral and is the sole source of funds for repayment. Your income and assets will never be at risk. There should be no application fee for legal financing, and quality legal funding companies will not charge compounding interest but only a simple interest rate.
Do I need an attorney to get a California lawsuit loan?
Yes, you must have representation by a contingency-based attorney to qualify for a California lawsuit loan. This is for two reasons. First, attorneys consistently win their cases with far larger settlements than those who represent themselves. Since your legal lender will be repaid only if you win your case, this is a key consideration. Then, when your compensation is paid, it goes directly to your attorney. First, they send the lender the agreed-upon portion of the settlement. Then, they deduct their fees and send the balance to the client.