A lawsuit loan in Modesto can give you the cash you need now. As you wait on the money from your settlement, your bills can start to pile up. Unfortunately, many defendants will attempt to drag out the case for as long as possible in the hopes of forcing you to settle for a lesser amount.
This is an especially common tactic in cases where it appears the plaintiff is at little to no fault for the damages and will likely receive substantial compensation. A lawsuit loan can help you obtain the maximum settlement by getting you some of the money you expect from it now.
Can I Borrow Money From My Lawsuit?
Yes, you can borrow against your future settlement. But you’ll need to do your homework before signing any agreement to do so. Lawsuit funding companies offer plaintiffs the chance to get a portion of their settlement up front. However, you will have to repay this amount from the expected future value of their settlement.
Unlike other forms of funding (such as credit cards, payday loans, second mortgages, or a personal loan), there are no exorbitant interest fees or repayment terms when you obtain a lawsuit loan.
You’ll only repay your pre-settlement legal funding if you win your case, since lawsuit loans are considered a form of non-recourse debt by the IRS. If you don’t win, you won’t have to pay anything, unlike that mortgage or credit card bill.
What’s Covered by Modesto Lawsuit Loans?
Lawsuit loans in Modesto can be used for a wide range of cases. If you’re waiting for a settlement, it’s likely that you qualify for a settlement loan. However, it’s a good idea to double-check yours against the following cases:
- Personal injury
- Car accidents
- Product liability
- Labor violations
- Employment disputes
- Jones Act
- Medical malpractice
- Faulty medical devices
- Whistleblower and qui tam
- Wrongful death
Even if your specific type of case isn’t listed, it may still qualify for pre-settlement funding from us. Use your lawsuit financing to cover everything from medical bills and property damage to groceries, utilities, and your mortgage or rent.
Do I Need to Pay Interest on a Modesto Lawsuit Loan?
Our lawsuit loans in Modesto feature simple interest, not the compound interest that is used by many other legal funding firms. This can save you a substantial amount over time, especially if your case drags on longer than expected.
However, you’ll only need to repay this amount if you win your case. That’s because lawsuit loans are treated like an investment, and you won’t have to repay anything if you lose.
What Are the Risks of Lawsuit Loans?
The settlement funding industry is largely unregulated, which presents risks you’ll need to watch out for. Plaintiffs who want to explore their options for obtaining a lawsuit loan should look into the reputation of the company they wish to borrow from. Plaintiffs should also carefully examine the terms of their loan to ensure there are no exorbitant fees attached to it.
If you’re interested in obtaining pre-settlement legal funding, you’ll also need the approval of your lawyer for any third-party funding you may receive. We offer favorable terms and an easy application process, making it simple to get the money you need.
Get Pre-Settlement Legal Funding in Modesto
You don’t need to wait to get the best deal for your settlement. Tribeca Capital Group serves clients nationwide and is well-capitalized, giving us the financial means to offer our clients up to $1 million in 24 hours.
Approval takes just a few minutes and you could have money in your bank account in as little as a day. Call us today or fill out our online contact form for more information about lawsuit loans in Modesto.