Get a Pre-Settlement Lawsuit Loan in Florida Quickly

At Tribeca Lawsuit Loans, we offer immediate pre-settlement funding in the state of Florida at competitive interest rates to meet the needs of those currently in personal injury lawsuits.

Need to take out funds from your lawsuit? We can front you anywhere from $500 to $2,000,000 in cash, contingent on the value of your injury lawsuit case. With our broad presence throughout Florida, we are well-rated and reviewed by former customers. We can arrange for a cash advance for you in as brief a period as 24 hours! Apply Now!

Our company’s Lawsuit loans (also termed as case loans or lawsuit funding) can be deployed for any out-of-pocket expenses that crop up while the plaintiff’s lawsuit (your lawsuit) is in progress and before you receive your justified compensation from a successful trial verdict or settlement against the defendant. Numerous clients utilize the funds we are able to distribute for their medical bills, rent or mortgage payments, utility bills, or even routine expenses like food or commuting.

Get your funding today! Reach out to our congenial and seasoned team at (866) 388-2288 or contact them through this speedy online form, with any queries or doubts you might have about the pre-settlement funding process. For our lawsuit settlement loans, we do not require a credit check or proof of income because you aren’t obligated to pay Tribeca back if your case is unsuccessful.

Florida blue and yellow banner lawsuit Loan

Three Steps To Your Cash Advance

Step 1: APPLY for Lawsuit funding in Florida now

Click applySubmit your application to us for funding. Our lawsuit loan application includes the following process:

  • No credit check
  • No income verification
  • No asset evaluation
  • No hidden fees
  • No money up-front

Step 2: REVIEW

Tribeca is reviewing the applicationOur fast and proficient team will review your case. We support many different types of cases including personal injury, car accident, premises negligence, workers’ comp, class action and more.

Step 3: FUNDING

Tribeca will fund if your application is approvedTribeca Lawsuit Loans sends a contract detailing terms of funding. Cash is distributed quickly and securely.

Specific Laws and Regulations regarding Lawsuit Funding in Florida

Florida Pre-Settlement Funding with Tribeca

In Florida, Tribeca’s average case funding varies but can go up to $2,000,000 depending on your lawsuit. Under the state’s Pure Comparative Fault law (F.S.A. § 768.81(2)), if a plaintiff is at fault, their recovery amount will decrease proportionately by their fault percentage. Plaintiffs have a statute of limitations of 4 years (Title 8, Ch. 95, Sec. 95.11) to file their lawsuit.

Insurance Limits and Workers’ Compensation Eligibility

Florida sets minimum policy limits of $10,000 for both property damage liability per accident and personal injury protection. The required UIM auto insurance limits are 10/20/10 for liability and $10,000 for PIP. Bodily injury liability is not mandated by Florida, but many carriers require a 10/20 limit. Workers’ compensation claims are eligible for lawsuit funding in the state.

Implications of Florida Being a No-Fault State

Florida operates under a no-fault system, whereby each party’s insurance covers their own injuries and damages in a car accident, regardless of fault. However, a personal injury lawsuit is allowed if the accident resulted in serious injury, including a permanent injury, significant and permanent scarring or disfigurement, significant and permanent loss of a body function, or death. Soft tissue injuries are typically not funded, but terms regarding “significant” injuries are negotiable.

Eligibility for Pre-settlement Loans

Pre-settlement loans in Florida are available to those with valid workplace accident claims who have sustained accident-related injuries, reside in Florida, or have an ongoing case in the state. The plaintiff’s occupation doesn’t influence loan eligibility. However, plaintiffs with prior financial support for the same case are ineligible for funding from Tribeca Lawsuit Loans. Note that sharing information for the loan process could potentially affect attorney-client privilege.

How Florida Pre-settlement Funding Works

The process of obtaining pre-settlement funding or a lawsuit loan in Florida begins with the plaintiff, the individual or entity who is suing another party, known as the defendant. The plaintiff often finds themselves in a situation of pressing financial need. They look to use funds from a lawsuit loan for various expenses while they await a settlement or judgment.

The plaintiff initiates the application process with a trusted funding company, detailing their case merits, the lawsuit type – which could be personal injury, workers’ compensation, or a civil rights case, among others – and their legal representation. The quality of their attorney or law firm can often influence the decision of the funding company.

Once the application is submitted, it triggers the approval process. The funding company carries out a risk assessment, evaluating the strength of the case, the potential settlement amount, and the likelihood of a successful outcome. The type of lawsuit can significantly impact the eligibility and loan amount, as can the estimated settlement timeline.

Upon approving the application, the funding company determines the loan amount – the sum of money the plaintiff can borrow against their potential settlement. This decision is influenced by several factors, including the case merit and the potential settlement amount.

More Information on Litigation Loans and How the Process Works

The approved loan is a non-recourse loan, meaning if the plaintiff loses their case, they are not required to repay the borrowed amount. This characteristic of lawsuit loans introduces considerable risk to the funding company, further underlining the importance of a detailed case review.

Terms of the loan, such as the interest rate and repayment terms, are then negotiated. The interest rate denotes the rate at which the loan accrues cost over time. Fees, such as origination or processing fees, may also apply, contributing to the total repayment amount.

Once all terms are agreed upon, the funding company advances the loan to the plaintiff. The funding speed – how quickly the funds are disbursed – can often be crucial for the plaintiff.

The process doesn’t end here. Once the lawsuit is resolved, and if it results in a settlement, the plaintiff must adhere to the repayment terms, returning the principal loan amount, interest, and any associated fees.

Throughout this process, there are legal and ethical considerations but regardless the process usually goes smoothly. Some considerations include the implications of borrowing against a future settlement, the potential influence on the litigation process, and the terms of the loan agreement.

In conclusion, obtaining a lawsuit loan is a multifaceted process. It involves the plaintiff, their case, the funding company, and many moving parts, including the application and approval processes, risk assessment, and eventual repayment. It serves as a financial bridge for those in need while they await the resolution of their legal battles.

How Can a Cash Advance Be Risk-Free?

If you are in financial distress, continuing your lawsuit may feel nearly impossible. You may feel tempted to accept the lowball offer from the defense for just about 30% of the actual value of your case. All of this sounds exciting, but how can a loan possibly be “risk-free”?

It is wise to be careful when entering into any financial dealings! A lawsuit loan is very different from conventional loans like a mortgage, a car loan, or credit cards. Our legal funding is structured as a non-recourse loan. The critical distinction is that a non-recourse loan can be repaid solely from the loan’s collateral, which is your future settlement in this case. The lender cannot hound you for payment, put a lien on your horse, or garnish your wages the way a conventional loan lender can. With a non-recourse Florida lawsuit loan near you, your personal finances, income, and assets can never be touched. That’s why we say the loan is risk-free!

And, since we cannot touch your personal finances to repay the loan, we will never invade your financial privacy. Our Florida settlement loan application includes:

  • No credit check
  • No income verification
  • No asset listing

So, if the loan can be repaid solely from your settlement, what happens if you lose your case? If you lose your case — you owe us nothing!

Can a Legal Loan Help Get Me a Larger Settlement?

Insurance companies and defense attorneys drag things out. This is how they work to shield their clients from the consequences of their actions. When you’re fighting a big insurance company, you’re dealing with an experienced and well-armed legal adversary whose job is to limit the amount of money you receive. Tribeca works to level the playing field. By giving you access to your future compensation today, we empower you to pay your bills, alleviate your financial stress, and continue your lawsuit to a just conclusion.

Insurance companies and defense attorneys count on the typical financial strain claimants experience to pressure them into accepting a smaller settlement offer. Loss of income, increased medical bills, and other factors can drastically change your financial situation quickly. The insurance companies and defense know that and take full advantage of your compromised position. Knowing their client’s  actions put you in financial distress, they seek to leverage that pressure to force you to accept a small fraction of your case’s true value.

That may sound unfair to you, and we couldn’t agree more. That’s why Tribeca helps level the playing field in Florida with a no-risk lawsuit loan at competitive interest rates. When you have enough money to pay your bills and put food on the table, the pressure moves from you to the insurance company. Putting the pressure on the insurance company means you have the leverage to work out the most favorable claim settlement.

Even better, since Tribeca Lawsuit Loans is invested in the successful outcome of your case, we may provide your attorney with case funding to strengthen your claim. This money can be used to pay for expert witnesses and other litigation expenses. We call that a win!

Will I Qualify for Funding?

Qualifying for an advance may be a lot easier than you think. Tribeca wants every customer to get the relief they deserve, and that’s why we make the eligibility factors as straightforward as possible. We make it easy to apply for lawsuit loans for all kinds of litigation:

Because insurance companies always have a lawyer, going into a court proceeding without your own lawyer is a losing proposition. That potentially unfair advantage for the insurer is why we only work with claimants with legal representation.

Legal Funding Eligibility

To be eligible for a Florida personal injury lawsuit loan, all you need to do is fill out an application. Our application process is painless and easy to complete.

Provide Us with Information About Your Case

To get started with your application, below is the only information you’ll need to provide us with:

  • Your basic info
  • Info about your legal representation
  • How your accident occurred and the type of injury you sustained
  • The severity of your injury and the extent of your damages
  • How much money you need
  • How much your settlement is estimated to be worth

Once you provide us with this information, you can submit the application. We handle all types of cases, so never hesitate to apply — it’s free!

Submitting Your Application

After submitting your application for litigation funding online, our team of expert financial consultants will review all of the information you provided. If we need any further information, we will reach out to you or your lawyer. We know that time is of the essence, so we work fast through this step.

Notification of Approval

If your application checks out, we will notify you of approval for your Florida lawsuit loan. You will receive funds in 24 hours or less. Once you get the money, you’re free to use it however you please.

Do I Need to Go Through a Credit Check?

When you apply for a lawsuit loan with us, you do not have to submit to a credit check. In fact, we don’t require you to submit any other financial documentation like your pay stubs or savings accounts. We care about what you included with your application and nothing more. Why? After suffering traumatic physical and mental injuries in an accident, you may be in a poor spot financially. We want to help fund personal injury victims regardless of financial status, so we don’t require any credit checks or other inquiries for accident loans.

How Much do These Loans Cost in Florida?

The cost of a Florida lawsuit loan is a portion of your future compensation, defined before signing the loan documents. The lawsuit’s settlement, which is the loan’s collateral, is the only source for repayment. There shouldn’t be any application fee, and reputable legal funding companies will charge only a simple interest rate, not a compounding one.

How Do Settlement Loans Get Paid Back?

You may wonder how you’re supposed to pay back your lawsuit settlement loan in the Rocky Mountain state. Whatever money you receive gets paid back through the settlement you eventually win. However, if you don’t win a settlement, don’t worry. You won’t get held liable for any repayment. This is because our pre-settlement loans are non-recourse.

Non-recourse loans are borrower-sided and put the risk of repayment on us. In other words, you will never have to worry about repaying us if you don’t win. At Tribeca, getting the funds you need doesn’t have to come at a steep cost because we absorb all of the risk.

Do Florida Lawsuit Loans Charge Interest?

Our company charges a flat, simple interest rate rather than the compound interest other lenders charge. This helps ensure that we provide the lowest possible rates. Competitors can charge much higher rates, as in Florida the maximum permissible interest rate is 18% per annum for loans up to $500,000.00 according to Florida statute § 687.02. We work to ensure you get the lowest possible rates and that you will be able to keep as much of your settlement as possible!

What Can I Use My Lawsuit Loan for?

You can use your pre-settlement funding for a wide variety of financial obligations. Here are a few of the most common that most injury victims will typically spend their funds on:

Medical Expenses

You shouldn’t pay for the costs of your medical expenses out of pocket when your injuries were caused by the negligence of another party. While you wait for settlement money to come through, you can use your  lawsuit loan to pay for treatment, prescriptions, hospital visits, and more.

Property Damages

Aside from your injuries, an accident can also cause damage to personal property such as a car. If you need replacements or want to make repairs, you can put the funds you receive from your loan towards any property damages you sustained.

Rent or Mortgage Payments

While you’re injured, you may be unable to work or have a significant reduction in your wages. If it’s getting hard to make ends meet and pay for your rent or mortgage, our legal funding has you covered and will help you meet monthly payments.

Costs of Living

Along with rent or mortgage payments, living costs can also quickly add up. Utilities and groceries are essential, and it can be hard to pay for them while you’re injured and fighting for your settlement. You can use your funds to buy food and pay for power, water, gas, etc.

Why Choose Tribeca in Florida?

Quick Approvals: Tribeca Lawsuit Loans understands your time is precious. That’s why we’ve streamlined our process to help answer your questions on the phone within 2-4 minutes, and ensure rapid loan approval (often within 24 hours). Our commitment to efficiency means you can move forward with your legal proceedings with minimal delay, ensuring that when time matters, we’re there to provide the quick financial support you need.

Safety and Privacy: At Tribeca, your privacy and security aren’t just an afterthought; they’re our priority. From the moment you begin your application to the instant you receive your funds, we employ stringent security measures to ensure your personal information remains confidential. With us, you can apply with the confidence that your data is in safe hands.

Risk-Free Lending: We believe in standing by our clients, which is why we offer a ‘no win, no fee’ guarantee. If your case doesn’t succeed, you won’t be burdened with the repayment. This risk-free approach ensures that you can focus on your case without the added stress of financial liability hanging over your head.

Transparent and Fair Pricing: Understanding your financial obligations shouldn’t be complicated. That’s why Tribeca offers non-compounding interest rates, calculated only on the initial funded amount. This means no surprises and more manageable costs. We’re committed to providing a transparent, fair pricing structure, so you know exactly what you’re getting with no hidden fees.

No Monthly Payments: Forget about the hassle of monthly payments. With Tribeca, your repayment happens only if and when your case settles. This contingency-based approach means you won’t owe us anything until you receive your settlement. Your plaintiff attorney handing your lawsuit will handle the repayment to Tribeca directly, ensuring a smooth and stress-free process. We’re here to support you, not complicate your life.

How to Apply

We understand that when clients apply for settlement loans, they likely need financial relief fast. That’s why we have streamlined our application process to three simple steps:

  1. You Apply – Simply visit our Apply Now page to provide your name and contact information and that of your attorney. We also need to know the type of lawsuit you filed and the state where you reside.
  2. We Evaluate – When we receive your application, our underwriters leap into action, contacting your attorney to learn about your case. They crunch the numbers to determine the lawsuit loan we can offer.
  3. You Get Your Money – We do our best to process your application speedily. As soon as we get all the loan documents signed, we deposit the money into your bank account, often within just 24 hours!

You can help speed up the process of approving and funding your loan. Please contact your attorney, notifying them that you have applied to Tribeca Lawsuit Loans for a cash advance and authorizing them to speak with us.

How Can I Use My Funds?

You can use settlement loans for anything you want because they aren’t restricted to specific expenses. You get a quick and comprehensive solution for your financial situation to make your stressful circumstances more manageable. Many of our customers use their money for these and other expenses:

  • Daily costs like food and travel expenses
  • Rent or mortgage payments
  • Utility bills
  • Medical bills
  • Property repair or replacement costs

When you need car accident loans, wrongful termination relief, or malpractice settlement loans, we have the solution. You can get the financial relief you need without going into debt or spending any of your own money. And because our compensation comes from the insurance companies (by way of the compensation they pay out) and not our customers, you can’t lose — even if the insurance company wins.

Get Your Money Fast with Tribeca Lawsuit Loans in Florida

Call our office at (866) 388-2288 with any questions or concerns about the pre-settlement funding process. After you are approved, you can have your money in your bank account in as little as 48! No credit check or proof of income is needed for our lawsuit settlement loans because you don’t have to pay back Tribeca if you lose your case.

We offer loans near you in Florida in the following convenient locations:

Let us put your financial distress to rest while you fight for the compensation you deserve. It could make all the difference!

Frequently Asked Questions

What is a lawsuit loan?

A lawsuit loan gives the plaintiff in a civil suit early access to their settlement. Legal lending acts like a cash advance against future compensation. When a lawsuit drags on for years and financial pressure builds, a lawsuit loan enables the plaintiff to pay their bills and relieve the stress while their attorney negotiates for the best possible settlement.

How long do lawsuits take to settle?

The civil court system is slow, and COVID-19 made it slower. However, when lawsuits stretch past months and into years to settle, this is typically due to deliberate strategies to delay the settlement. This is a ploy used by defense attorneys and insurance companies as they try to shield their clients from responsibility for their actions. When negotiations drag on, a plaintiff experiencing financial stress is pressured to settle for a small fraction of the compensation in exchange for getting the cash quickly. Sadly, this tactic often works, and many plaintiffs are forced to accept mere pennies on the dollar for the damages they have suffered.

What is the civil lawsuit process typically like in Florida?

The civil lawsuit process in Florida typically involves the plaintiff filing a complaint, followed by the defendant’s response. This is followed by a period of discovery, where both parties gather evidence and exchange information. Settlement negotiations may occur, and if a settlement is not reached, the case proceeds to trial. At trial, both sides present their arguments and evidence, and a judge or jury renders a verdict. Appeals may follow, if applicable. Throughout this process, plaintiffs in Florida may consider lawsuit loans, such as those offered by Tribeca Lawsuit Loans, to help cover their financial needs during the lawsuit.

Are pre-settlement loans safe?

Florida pre-settlement loans are safe, with no risk to the borrower. Legal funding is structured as non-recourse loans, for which the Internal Revenue Service (IRS) says the borrowers are not personally liable. A non-recourse loan can only be repaid from the loan’s collateral. The collateral in a Florida settlement loan is the lawsuit’s future settlement. Because the loan is non-recourse, your income and assets can never be touched to repay the loan. And, should you lose your lawsuit, you don’t have to repay the settlement loan!

Are personal injury settlements taxable in Florida?

In general, personal injury settlements or awards are not taxable in Florida. This means that you do not have to pay state income taxes on the amount of money you receive as a result of a personal injury lawsuit settlement or award. However, there are some exceptions to this rule that you should be aware of. If your settlement or award included compensation for lost wages, a tax deduction for medical expenses, or punitive damages, those portions of your settlement or award may be taxable. It is important to consult with an attorney to discuss the specific circumstances of your case.

How much does it cost to apply for alawsuit loans?

No reputable legal lending company will charge you an application fee for a Florida lawsuit loan. Look for another lender if you are asked to pay an application fee or if the funding company is not transparent about all fees and costs. You should also pay only a simple, non-compounding interest rate. The best lawsuit loan companies want you to take home as much of your compensation as possible.

Are personal injury settlements taxable in Florida?

In general, personal injury settlements or awards are not taxable in Florida. This means that you do not have to pay state income taxes on the amount of money you receive as a result of a personal injury lawsuit settlement or award. However, there are some exceptions to this rule that you should be aware of. If your settlement or award included compensation for lost wages, a tax deduction for medical expenses, or punitive damages, those portions of your settlement or award may be taxable. It is important to consult with an attorney to discuss the specific circumstances of your case.

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