Settlements can take months or even years to resolve in court, during which time a defendant or insurance company could intentionally drag it out in the hopes that you settle for less. This is especially common in cases where a plaintiff is likely to win with little to no fault given to them by the court.
Unfortunately, these stall tactics often work, making it important to secure your finances early with pre-settlement legal funding. With a Fontana lawsuit loan, you’ll have the money to keep up with your bills and can avoid the financial pressure that could otherwise make you settle.
What Are the Benefits of a Lawsuit Loan?
Lawsuit loans have several advantages over other types of funding you might seek out as you wait for your settlement. Personal or payday loans, second mortgages, selling personal items, and borrowing money from friends or family carry several disadvantages that can make legal loans more attractive. Here are some of their key advantages:
- No credit check: When applying for a legal loan, you won’t need to pass a credit check. All that matters is your settlement, which will be used as the basis for your loan.
- No risk: If you borrow money, under most circumstances you’ll need to repay it. Unfortunately, if you lose your settlement case, that could mean you have to repay a large sum of money that you don’t have. With legal loans, you won’t need to repay anything if you lose your case.
- You can get the money fast: You could be approved for a lawsuit loan within minutes and get the money into your account within 24 hours.
Lawsuit loans are categorized as a nonrecourse debt by the IRS, meaning your personal assets can’t be taken as repayment for it. You’ll only need to repay in the event that you win your settlement.
If you lose, you won’t owe anything, and the legal funding company that gave you the loan will have to bear the loss. In that case, you’ll get to keep all of the money without having to repay it.
Types of Cases Fontana Lawsuit Loans Cover
A Fontana lawsuit loan can be used to cover a wide range of cases. If you’re a plaintiff waiting on a settlement, we could provide you with the pre-settlement legal funding you’re looking for. We cover the following cases and many others that aren’t listed here:
- Personal injury
- Car accidents
- Medical malpractice
- Medical device liability
- Product liability
- Jones Act
- Whistleblower and qui tam
- Labor violations
- Employment disputes
- Wrongful death
Pre-settlement funding can be used to cover a wide range of expenses you might face while fighting for your settlement. The money you receive could be used to pay for medical bills, your mortgage or rent, or any property damage you may have suffered, such as the loss of a vehicle. Your funding could also be used to pay for living expenses such as groceries and utilities.
Are Lawsuit Loans Legal?
Lawsuit loans are legal, but much of the industry is unregulated. That makes it important to do your research when looking for a legal funding company. Our application process is simple and we don’t have hidden fees or high interest rates, making us a natural partner for many plaintiffs who are trying to get the maximum settlement possible.
Get Pre-Settlement Funding in Fontana Today!
If you need legal funding for your settlement case, contact Tribeca Lawsuit Loans today. We can provide you with the lawsuit loan in Fontana you need to fight for the maximum settlement without compromise. Tribeca Capital Group is a nationwide company that has the resources to help you fight for your case.