Accidents have immediate financial consequences, leaving victims with mounting bills for medical treatment and property repair. But while these unforeseen expenses start adding up, so do your daily costs like rent payments and utility bills. This can leave many Connecticut victims in a financial bind, making them vulnerable to low offers from defendants’ law firms.
A lawsuit loan can ease that stress for victims, giving them a much-needed cash advance to handle today’s expenses. Read on to find out why a lawsuit loan can be a financial decision in your best interest.
What Are Lawsuit Loans?
Lawsuit loans, also known as pre-settlement funding or legal funding, are cash advances from legal funding companies. Lawsuit settlement loans essentially let you tap into a portion of your expected settlement so you can pay for present expenses.
A lawsuit settlement loan is a non-recourse loan, meaning that the only means of repayment for this loan is the agreed-upon collateral. In this case, it’s your future settlement. This loan type can’t demand that you use your income, personal assets, or other property to repay the loan.
How Pre-Settlement Lawsuit Loans Get Repaid
Many people worry that repaying lawsuit loans will come with the same headaches as a traditional loan. This is mostly due to the use of the term “loan” when describing this type of cash advance.
However, a pre-settlement loan is quite different. Because it’s a non-recourse loan, there are no monthly payments to worry about. Repayment only comes around when you win your case.
After your lawsuit settles, your attorney receives a check for the total amount of your settlement. Your attorney then cuts us a check for the agreed-upon share of the settlement. They also deduct their contingency fees from this final award. Any remaining amount after repaying your Tribeca lawsuit loan and your attorney is then sent to you.
But if you lose your case, there’s no debt. You don’t have to repay your settlement funding unless you win your case.
How Do Pre-Settlement Loans Help Me Win A Fair Future Settlement?
Personal injury lawsuits can take months to settle – in some cases, they can even take years. It’s bad enough that you have to deal with medical bills and property repairs as a result of your accident. While you’re dealing with the fallout, your living expenses will quickly add up.
Law firms and insurance companies are all too aware of this, and they’ll use every trick in the book to stall your legal case as much as they can. They know you have bills to pay, and they hope that delaying will put enough pressure on you to cave and accept an unfairly low offer. Sadly, many plaintiffs involved in a personal injury case do fold and end up settling for a fraction of their expected compensation.
By getting lawsuit settlement funding, personal injury plaintiffs will have enough ready cash to pay their daily expenses. Instead of accepting mere pennies on the dollar, you and your attorney can wait it out until your case verdict. Legal funding also buys your attorney enough time to build a strong case and prove the maximum settlement you deserve.
Why Get Pre-Settlement Funds From Tribeca Lawsuit Loans?
A lawsuit loan can be a lifeline to plaintiffs dealing with medical bills and other expenses. Sadly, some lawsuit loan companies only offer litigation funding with excessively high interest rates. Others charge hidden fees or refuse to offer legal funding if you’re partially at fault in your accident.
Tribeca Lawsuit Loans is a different kind of lawsuit loan company. When you get lawsuit funding from us, you can expect:
- Low interest rates
- Transparent lawsuit loan application process
- Responsive and attentive customer service
- No required repayment if you lose your lawsuit
- Additional funding for litigation expenses on a case-to-case basis
- Acceptance of pre-settlement funding over $15,000
- Cash in your bank account within 24 to 48 hours of application approval
Because the only source of repayment is your settlement cash award, your private financial information stays private. You get the following perks:
- No employment check
- No credit check
- No asset evaluation
We understand that applying for a lawsuit loan can be an intimidating and confusing process. Contact us for more details – our team is always standing by and ready to answer your questions about pre-settlement funding!
Types Of Pending Lawsuits We Fund
Connecticut plaintiffs can borrow money from Tribeca for many types of cases. Some of the lawsuit types we’ve funded over the years include the following:
- Automobile accident cases, such as drunk driving accidents or those involving ride-sharing services
- Medical malpractice suits
- Premises liability lawsuits, such as slip-and-fall cases
- Product liability cases
- Wrongful death lawsuits
- Workers’ compensation lawsuits
- Nursing home negligence cases
- Construction accident lawsuits
Not sure if your lawsuit type qualifies for a lawsuit cash advance? Reach us through our contact page details and we’ll reply ASAP! With litigation funding from Tribeca, you’ll have enough money on hand until your case settles.
What Can I Spend A Lawsuit Cash Advance On?
Tribeca doesn’t restrict the way that you’ll spend your lawsuit cash advance. You’re free to use this money as you see fit in your financial situation. Some of the foreseeable expenses you can pay with your legal funding include:
- Medical expenses
- Credit card bills
- Rental and mortgage payments
- Car loan payments
- Wages lost due to missed work days
- Replacement or repairs for your damaged property
- Daily living costs like groceries and utilities
- Student loans
- Legal expenses
- Child care expenses
How Much Money Can I Get In Lawsuit Funding?
The amount you receive in lawsuit funding depends on the circumstances of your case. Each case has a unique fact pattern, with different levels of damage and liability for all involved parties.
Here are factors that affect the amount of pre-settlement funding you’ll receive:
- The severity of any sustained injuries
- Amount of property damage
- Lost income (future and current)
- Incurred medical expenses and cost of ongoing treatment
While a larger award can give you a larger pool to borrow from, Tribeca still gives lawsuit loans to smaller cases. Once you apply for a lawsuit loan, we can go into the specifics of your case and tell you how much funding we can give.
Plaintiffs with a larger expected award can expect to tap into more lawsuit funding.
How Do I Qualify For A Lawsuit Loan?
These are our basic qualifications for a lawsuit loan:
- You’re represented by a contingency-based lawyer.
- You’re at least 18 years of age.
- You’re ready to file a lawsuit or already have a pending lawsuit.
If you fulfill these criteria, you likely already qualify for a same-day lawsuit loan from Tribeca. Unlike traditional lending institutions like banks, we don’t require an employment or credit check.
We require all applicants to have legal representation – this is to protect both your interests and ours. Attorneys consistently win more cases and get larger settlements than victims who represent themselves in court.
If you’re worried about the legal expenses, we may be able to offer additional funding for court costs. This extra funding can be used for expenses such as hiring expert witnesses, which increases your chances of a successful lawsuit.
Reach out to us to find out how you can get litigation funding on top of your lawsuit loan!
Cities And Towns Where We Offer Connecticut Lawsuit Loans
We offer personal injury and car accident lawsuit loans in the entire state of Connecticut. Some of the cities and towns where we offer legal funding money include:
- Beacon Falls
- East Hampton
- New Haven
- West Haven
Don’t see your town or city here? Don’t worry – this is not an exclusive list of the Constitution State areas where we offer lawsuit funding.
Don’t Wait – Contact Tribeca Lawsuit Loans Today!
Waiting for a personal injury lawsuit to settle can take months. In the meantime, your living expenses will start adding up, putting financial and emotional stress on you and your loved ones. The defendant’s legal representation may use this stress to pressure you into accepting a lower offer.
Get legal funding from Tribeca Lawsuit Loans to help you and your lawyer ride out delay tactics. With relief from financial stress, you’ll have the time and money you need to fight for a fair settlement.