California has some of the best consumer protection laws in the country. You surely have seen a Proposition 65 message on products before to warn people against carcinogens, but that’s not the only protection law this state has.
Cities like Torrance also allow litigants to apply for lawsuit loans to cover costs while they wait for their settlements to clear. Think of them like cash advances on your final settlement award. Tribeca is a leading national lender of these lawsuit loans.
Type of Lawsuits that May Qualify for Torrance Legal Funding
A Torrance lawsuit loan gives you the money to pursue justice and find another job without worrying about your bills. Most civil lawsuits can qualify for a lawsuit loan in Torrance. The majority of the cases we see involve personal injury lawsuits, things like:
- Motor vehicle accidents
- Medical malpractice
- Slip and fall cases
- Dog bites
- Nursing home abuse
We also see labor law violations and whistleblower cases in our offices. California labor law is strong, but many people fear pursuing damages because they may lose their jobs. Unemployment questions can get dicey due to the lawsuit.
If you knew there was a way you could get the money to cover your bills while you recovered and hunted for a new job, would you take it? That’s what we offer residents in Torrance with our lawsuit loan program.
How Your Torrance Pre-Settlement Funding Amount Is Determined
Our current maximum loan amount is $1 million, but most offers are much smaller than that. Here’s how we determine how much we can offer you.
- You answer a few simple questions on our application form or over the phone.
- We speak with your lawyer about the details of your case, including how much you’re eligible to win.
- We calculate a reasonable offer and simple interest rate.
Unlike some of our competitors, we want to ensure you still have a sizable settlement at the end of your case. We never charge compound interest and our contracts clearly state how much we will take from your settlement once your case finishes. No surprises!
Even a small loan can mean the difference between covering your most essential bills or having your credit take a dive, or worse. Insurance companies love to delay cases to pressure people financially. We take that pressure off.
How Legal Funding in Torrance Differs from Traditional Loans
There are three ways that traditional loans differ from our pre-settlement funding in Torrance. First, lawsuit loans are non-recourse loans. We can only get paid back through your settlement. All of your other assets are safe. A traditional lender can garnish wages and put liens on your property to get paid back, plus they can ruin your credit score.
Second, approval is much easier. All we will ask questions about is your case. We don’t look at employment status, credit scores, account balances, or any other embarrassing financial questions.
Third, there are no monthly payments to worry about. Your lawyer will pay us back in one lump sum after they receive the settlement check. This means no worries about bills from us or annoying creditor calls.
Get Torrance Legal Funding From Tribeca
Getting started with Tribeca Lawsuit Loans couldn’t be any easier. Simply click the Apply Now button at the top of your screen to get started. If you prefer to call us instead, you can use the number at the top of this page.
Whether you live in Torrance or somewhere else in California, our office is ready to speak with you. We can even help you if your lawsuit is in another state. For any questions, use our contact page to reach out to us.