After an accident, the bills can pile up fast. A lawsuit loan can relieve much of the financial pressure you’ll face. Pre-settlement legal funding can help you achieve the maximum award from your case and avoid the pressure that forces plaintiffs to settle for a lower amount.
If you’re approved for lawsuit funding in Hialeah through us, we can offer you up to $1 million in legal funding within 24 hours of applying. If you’re waiting on an accident settlement for your personal injury lawsuit, we can help you get the maximum compensation from your case.
What Is a Lawsuit Loan?
It’s unavoidable – when people hear the word “loan,” they start to panic. That’s why the term “lawsuit loan” can be a little confusing at first, especially if you’re not familiar with them. But, surprisingly, they actually carry no risks for the borrower. So, how do they work?
A lawsuit loan (also known as pre-settlement legal funding) is simply money you can receive now that’s based on the estimated future value of your settlement. Yes, it’s technically a debt, but it’s different from others you’re probably familiar with.
In short, you don’t actually have to pay this loan back unless you win your case. The legal funding company that issues you the legal funding assumes all of the risk. But how does that work?
The IRS classifies lawsuit loans as non-recourse debt, meaning the lender can’t collect what you owe us from your personal assets. This means we would be repaid from your settlement. And the best part for you is that if you don’t actually receive a settlement or get less than you expected, you won’t owe us anything.
What Do Hialeah Lawsuit Loans Cover?
Lawsuit loans cover a wide range of cases for personal injury plaintiffs in Hialeah. We could help you with legal funding as you await your settlement if you’re the plaintiff in any of the following cases:
- Personal injury
- Car accidents
- Product liability
- Jones Act
- Medical malpractice
- Whistleblower and Qui Tam
- Labor violations
- Employment disputes
You can use your Hialeah lawsuit financing to cover everything from medical bills and property damage to groceries, utilities, and your mortgage or rent.
How Do I Qualify for a Lawsuit Loan in Hialeah?
To put it simply, if you are the plaintiff in a case and are expecting a settlement, you likely qualify for pre-settlement funding. However, your lawyer also needs to approve your legal funding. If they don’t approve of third-party funding for your case, we won’t be able to offer you a lawsuit loan.
In most cases, lawyers are more than willing to work with a lawsuit funding company. By working with your lawyer, we can make life easier for everyone involved on your side of the case. Simply apply with us, and you could have money in your account for your settlement in as little as 24 hours.
Easily Apply for Legal Funding in Hialeah, FL
Settlement cases can take months or years to resolve, during which time you’ll face enormous pressure to accept a lower amount of compensation than you could have otherwise obtained. With a lawsuit loan through Tribeca Capital, you can breathe easy as you receive the amount you expect from your settlement up-front.
Our lawsuit loans in Hialeah are risk-free to our clients and can allow you to fight for the maximum settlement possible without sacrificing your personal finances. Contact us today to see if you qualify for pre-settlement legal funding.