Rancho Cucamonga lawsuit loans are available if you’re waiting on a pending settlement. Negotiations for a settlement can take months or even years to resolve, and defendants can deliberately drag them out to place plaintiffs under immense financial pressure.
You can resist these tactics with a lawsuit loan, also known as pre-settlement funding. They carry no risk to borrowers and can give you money from your expected settlement now. Find out if a lawsuit loan is right for you and how it can change your legal battle.
How Does a Rancho Cucamonga Lawsuit Loan Work?
The idea behind a lawsuit loan is simple: instead of waiting to receive money from your settlement, why not get some (or all) of it now? This money can be a lifesaver for plaintiffs, many of whom don’t have the financial means to wage a lengthy legal battle. With this money, you can fight for the full value of your settlement instead of caving to the defense’s pressure.
Unlike other forms of debt you might take on during settlement negotiations, such as a credit card or personal loan debt, a lawsuit loan doesn’t need to be repaid if you lose your case. The only collateral that’s used to repay it is your settlement itself.
This means that if you lose your case, you don’t need to repay the money you received through your settlement loan. Lawsuit loans in Rancho Cucamonga are entirely risk-free for the borrower.
How to Qualify For a Rancho Cucamonga Settlement Loans
It’s surprisingly simple to qualify for pre-settlement funding in California. This is because the debt from the lawsuit loan is considered by the IRS to be nonrecourse debt. That means you don’t need to jump through hoops to qualify. Instead of examining your personal employment history and credit score, the following are usually enough to qualify for a lawsuit loan:
- You have a pending lawsuit that can result in a financial award
- You’ve retained the services of a lawyer working on contingency
As long as you’re involved in a lawsuit and have a lawyer who is willing to be paid on a contingency basis, it’s likely that you’ll qualify for a settlement loan. Your personal finances have no bearing on whether or not you’ll qualify for a lawsuit loan. All that matters is the quality of your case and whether it seems more likely that you will win or lose.
How Long Does It Take to Get a Rancho Cucamonga Lawsuit Loan?
The amount of time that it takes for you to obtain a Rancho Cucamonga lawsuit loan varies depending on which lawsuit funding company you work with. However, reputable Rancho Cucamonga legal funding companies can typically complete this process within a day or so, unless you apply over the weekend.
This is a much faster process than applying for a personal loan or another form of financing through a bank. This is because a legal funding company only looks at information about your case when determining if they will lend to you. They don’t need to complete a lengthy credit check and employment verification and only look at the likelihood of you winning.
Apply for Legal Funding in Rancho Cucamonga Today
Tribeca Lawsuit Loans offers Rancho Cucamonga settlement loans to qualifying clients. We know how hard it can be to fight for justice on your own, especially when you’re up against an insurance company or major corporation. Our pre-settlement funding in Rancho Cucamonga can help to relieve a substantial portion of the financial burden that could force you to settle early.
Contact us today to apply for Rancho Cucamonga pre-settlement lawsuit funding and you could be approved for up to $1 million in 24 hours. We make it easy to get the money you need to get the justice you deserve. Get in touch with us today to get started on this process.