Lawsuits are expensive but necessary. For example, if you are pursuing a personal injury lawsuit, you may be waiting for compensation to help with medical bills and lost wages. Even though personal injury lawsuits are some of the most common types of lawsuits, there is no timeline for when a lawsuit begins or ends. So, what do you do while you are waiting?
If you are in a financial bind due to a legal battle, call (866) 388-2288 to find out how a lawsuit loan in Miami can help you. At Tribeca Lawsuit Loans, we help people every day bridge the gap in their finances because of their lawsuit.
Why You Should Pursue Legal Funding in Miami
We think you should be able to continue to live your life while you’re pursuing civil litigation. Tribeca Lawsuit Loans provides legal funding to those who need financial help during their legal battles.
Here are three facts you need to know about choosing to get pre-settlement funding with us:
You Do Not Need a Good Credit Score
A lawsuit loan is not a personal loan. A personal loan from a bank or other third party is often tied up in your personal finances, and the loan provider expects you to pay back the loan personally. Because you are personally responsible for paying back the loan, the lender will look at your credit score and personal finances to determine the amount and interest rate.
We do not do that. The four factors we use to determine if we’ll issue a lawsuit loan include:
- The name of your attorney or law firm
- The predicted value of your case and eventual settlement
- How long you expect your lawsuit to last
- The type of case you have
If your lawsuit is with a reputable law firm and you have meticulous documentation of evidence, the likelihood of your application approval is high. No matter your situation, our team will comb through your legal situation with you and your legal team to assess how we can best serve you.
A Lawsuit Loan Is at No Risk to You
We provide non-recourse loans. This means that we offer loans that are only connected to the outcome of your case. We provide loans contingent on winning the case. If you do not win your case, you are not obligated to pay the loan back.
For example, a Miami Beach resident sued the city for its short-term rental policy and the unconstitutional nature of the excessive fines for failing to follow the short-term rental policy. The city decided to settle the case for $250,000 and drop nearly $200,000 worth of fines.
Had the Miami resident sought a lawsuit loan with us, we could have provided access to that compensation earlier. If the Miami resident lost the cost, he would be at no risk of paying the lawsuit back.
Lawsuit Loans Can Buy You Time
People choose different reasons to apply for a lawsuit loan. Some need the money to pay for bills or medical issues. Others choose legal loans in Miami because they would rather keep their money in savings.
Last, some choose legal loans because it helps buy their case time. You can choose to use these loans to encourage your attorney to stay in the fight and negotiate a better settlement outcome.
However you decided to use your legal loan, we are not here to judge. Once your attorney wins your case, your attorney will receive the award and then parse out the award to their time, us, and the remainder goes to you.
How Do I Apply for Pre-Settlement Funding in Miami?
We try to make the application process as easy and simple as possible. Once you have provided the necessary information, we consult with you and your legal team. We agree upon an interest rate and payback amount.
Once everything is settled and all contracts are signed, we give you the money in as little as 24 hours. Once the money hits your account, you are free to do with it what you will.
Get Started with Your Lawsuit Loan by Connecting with Us Today
If you are interested in learning more about how Tribeca Lawsuit Loans can ease your financial trouble, fill out our Apply Now form or call us at (866) 388-2288 to speak with our professional staff about how litigation funding can help you today.