If you’ve suffered damages in San Bernardino as part of a personal injury case and are waiting on a settlement, a lawsuit loan could help you. A settlement could take a long time to resolve, and you could face mounting pressure to accept a lower amount just to pay your bills.
With a lawsuit loan in San Bernardino, you won’t have to take any less than you’re owed. You can get up to $1 million to cover bills, medical expenses, property damage, and daily costs while you give your lawyer enough time to fight for an appropriate settlement or jury award in court.
Are Lawsuit Loans Worth It?
If you’re waiting on a settlement, you might ask if lawsuit loans are worth it. Many plaintiffs struggle to pay their bills after an accident, but legal loans are an inexpensive and low-risk source of potential funding. They can be a highly useful source of cash that allow you to conduct your case for as long as necessary to obtain the maximum settlement possible.
The reason for this is because even though lawsuit loans constitute a form of debt, the IRS categorizes it as nonrecourse. This means that you’re under no obligation to pay it off from your personal assets. Your settlement itself forms the collateral for the loan, meaning that it alone will be used to repay the loan.
If there is no settlement, there is no need to repay the amount you received—it’s yours to keep, with no strings attached.
What Kinds of Cases Do San Bernardino Lawsuit Loans Cover?
If you’re waiting on a settlement in San Bernardino, it’s likely that you qualify for pre-settlement legal funding. There are numerous cases we fund. But if you don’t see yours on this list, it doesn’t mean we can’t work with you. A few case types include:
- Car accidents
- Personal injury
- Medical malpractice
- Product liability
- Jones Act
- Whistleblower and qui tam
- Labor violations
- Employment disputes
- Wrongful death
The San Bernardino lawsuit financing you receive is yours to spend however you see fit. You could use it to pay for anything without restrictions. It can be used to cover anything from replacing your vehicle, paying off your medical bills, covering your mortgage or rent, or any other expenses you might face.
San Bernardino Lawsuit Loans for Negligence Cases
The size of your award that you can get in a negligence case depends on your share of the fault for the accident.
Under the pure comparative negligence system used in California, you can expect to recover a share of the damages that’s equal to the proportion of the defendant’s responsibility. This also means that defendants may be able to claim some amount of compensation if a plaintiff is held to be partially responsible.
The amount of legal funding you receive will be calculated according to estimates of both the size of your expected settlement and your potential responsibility for the damages. This could cause your San Bernardino lawsuit loan to be higher or lower than you had anticipated.
Why Choose Tribeca Lawsuit Loans?
Tribeca Lawsuit Loans is a nationwide company with the financial resources necessary to provide you with reliable funding for any case. Our application process is fast and easy, and you could be approved within minutes.
We make sure that our clients get their money fast, and yours could be in your account within 24 hours of your application approval. Learn more about your legal funding options by contacting us today.