Sometimes, legal action is necessary to right a wrong you’ve suffered. Unfortunately, civil litigation can be expensive as it drags on. This only compounds the difficulties you’re already experiencing.
At Tribeca Lawsuit Loans, we specifically curate loans for legal matters. We provide lawsuit loans in San Francisco that are dependent on the outcome of your claim. Find out how we tailor our legal funding to your needs and the details of your case by calling (866) 388-2288 today.
How Is a Legal Loan Different than a Personal Loan?
A personal loan is something you contract with your bank or third-party company for any reason. Typically, a personal loan requires you to provide the creditor with your credit score or financial history. The interest rates are high, and they may require you to start paying back the loan as soon as you receive the loan.
A legal loan, otherwise known as a lawsuit loan or pre-settlement funding, is different from a personal loan because it is only provided to those in a lawsuit. We provide simple, low interest rates that are calculated based on your situation.
Is It Easy to Apply for Pre-Settlement Funding in San Francisco?
The application process for a lawsuit loan is simple. Here is some of the basic information we look for:
- The duration and expected value of your case.
- The type of your civil lawsuit (e.g., car accident, slip and fall)
- Contact information for the law firm or attorney you’ve retained
After you provide us with this information, we start researching your case by reaching out to your legal team. We discuss your situation with your attorney because we want to provide you with an amount that is reasonable and a payback amount is feasible.
Once we have verified and approved your application, you can have cash in your bank account in a day.
How Can I Spend My Lawsuit Loan in San Francisco?
Unlike other loans, we do not stipulate how you spend your loan. Many choose to use the loan to pay for medical matters or credit card debt. Here are other ways our clients have used their loan:
- Keep mortgage payments up to date
- Replace wages lost due to injury
- Purchase medical equipment for your home or car
- Buy medication
- Fund daily life such as buying food, gas, or entertainment
Is Legal Funding in San Francisco Like a Cash Advance?
When you receive the cash from your lawsuit loan, you are receiving money as if it is your settlement or court-ordered compensation. It is early access to money that is coming your way. That is why we take the money from your resolved lawsuit, rather than requiring monthly payments after distributing the loan to you.
Is Repaying a Lawsuit Loan Complicated?
The process of repaying your lawsuit loan is simple. When you’ve reached a successful conclusion to your case, whether it’s through a jury verdict or settlement agreement, your lawyer will receive your compensation. Your attorney will then be responsible for repaying the loan from your settlement. After any remaining legal fees, your lawyer will distribute the remainder to you.