A lawsuit loan is a fantastic way to get money from your lawsuit before it’s finished. Why should you have to wait when you know your case is assured? Tribeca can extend part of the settlement to you right away, sometimes as soon as 24 hours after approval.
Lawsuit loans are a cash advance on your final settlement. When you win your case, your lawyer will pay Tribeca back through your settlement proceeds. We offer these lawsuit loans in Thousand Oaks and across the country. This lending is risk-free to you. If you lose your case, you don’t have to pay us back!
Why Is a Thousand Oaks Lawsuit Loan Risk-Free?
Lawsuit loans in Thousand Oaks fall under a category of lending called non-recourse lending. In a traditional loan, if you cannot pay your loan, then lenders have legal options (recourse) to get their money back. In a non-recourse situation, we cannot pursue those options.
The only way we can get money back is through your settlement. Thus, if you lose your case and don’t get a settlement, you don’t have to pay us back. Even if you get less than you wanted and owe more than your loan amount, we cannot get the remaining money once your settlement is exhausted.
This risk is why we require certain things from your case to qualify for a lawsuit loan. Tribeca extends lawsuit loans as low as $500 and as high as $1 million, depending on your case circumstances.
What Do You Look For in a Case?
First, it has to be a case where you expect financial compensation. If you’re filing a civil case seeking a different result, we cannot help you. Lawsuit loans borrow against the expectation of a future settlement. Take a look at the cases we fund for more information.
Second, you need to have a lawyer on your side. A case that has a lawyer attached to it means that a legal expert thinks you have a case and a chance of winning. During your evaluation period, we will speak with your lawyer about your case details.
Some of the details we look for through your lawyer are the value of your case, the chances of your success, and whether there are legal obstacles to your success. These can be things like negligence questions or statute of limitations issues. We are a nationwide lender and know how complicated these can be from state to state.
How Much Could I Get from Thousand Oaks Legal Funding?
When we make an offer, we decide on a portion of the total value to lend, but never the full value. Your lawyer needs to be paid and we also want you to end up with a large settlement after your case ends.
Tribeca pledges to never use tactics like compound interest or variable interest, unlike some of our competitors. These tactics can suck up more money from your settlement than you think. That’s not fair to you! We only charge simple interest and explain our contracts thoroughly during your loan offer meeting.
Legal funding in Thousand Oaks is intended to serve as a stop-gap while you wait on your case to finish. We think that everyone should have the right to finish their lawsuits to their ultimate conclusion without worrying about their financial situation. We encourage you to use your loan money to make sure that happens.
How Do I Apply for Pre-Settlement Funding in Thousand Oaks?
The first thing to do is to speak with our loan team. We can get you set up with Thousand Oaks pre-settlement funding easily. Simply call the number on your screen or, if you prefer email, use the Apply Now button to reach out.
We will ask you a few questions about your case and contact your lawyer to decide if your case qualifies. Many cases do and you could have money as soon as 24 hours after your application! Applying is free, so you have nothing to lose by asking us if you qualify for a lawsuit loan.