Litigation often takes months or years to resolve. Meanwhile, the claimants in lawsuits (who already are dealing with the damages associated with the case) can experience extreme financial pressures as bills and expenses pile up. If that has been your experience in a Connecticut lawsuit, consider a lawsuit loan to help you cover your costs.
Tribeca Lawsuit Loans provides up to $1 million in legal funding to clients in need. Applying is completely FREE, and you don’t have to pay us back if you end up losing your case. Fill out the form on our Apply Now page to let us know about your situation.
If you’d rather talk to a team member first, you can reach us at (866) 388-2288.
How Your Connecticut Lawsuit Loan Amount Is Determined
The money you receive in legal funding is directly related to your lawsuit’s potential compensation package. That’s because you repay the funding out of that eventual settlement or jury award. In this sense, you can think of a Connecticut lawsuit loan as a cash advance on your future compensation.
When our underwriters determine how much we can provide you with as a lawsuit loan, they evaluate factors like:
- The value of your expected settlement
- Previous jury awards in similar cases
- The estimated duration of your lawsuit
- Any issues related to fault or negligence
For example, if you are partially responsible for the damages for which you are suing, this can affect your compensation. Connecticut has a comparative negligence law that diminishes the total of your jury award by the percentage for which you are at fault, per Connecticut Code §52-572h. If you are 20% responsible for an accident that caused you $100,000 in damages, your total compensation will be lowered by 20% as well, to a total of $80,000.
The Legality of Connecticut Lawsuit Loans
There is very little regulation on legal funding in Connecticut. However, Tribeca Lawsuit Loans also provides pre-settlement funding in other states with more stringent requirements. We know the industry’s best practices and we always abide by them.
Some ways that we help protect you from risk include:
- Offering simple interest rather than compound interest
- Exclusively providing non-recourse loans
- Requiring NO REPAYMENT if you lose your lawsuit
How Lawsuit Loan Repayment Works
At the conclusion of your lawsuit, your attorney should be provided with a check from the at-fault party for the settlement or jury award amount. Then, they write Tribeca a check for the agreed-upon repayment amount and you keep the rest!
You don’t have to stress over monthly payments, defaulting on your loan, or other worrisome topics. Instead, you get a portion of your compensation package today and keep the rest at the end of your lawsuit.
Apply Today to Get Your Connecticut Lawsuit Loan
If you are ready to experience freedom from financial stress in the wake of your litigation, fill out the FREE form on our Apply Now page. Depending on the facts of your case, we can have anywhere from $500 to $1 million in your bank account within as little as 24 hours of approval.
To learn more about the lawsuit lending process or discuss your application with a team member, call the Tribeca Lawsuit Loans office at (866) 388-2288.