Legal funding can help you meet your needs while you endure a long, drawn-out litigation process. If you’re involved in a lawsuit, you could be waiting years before seeing compensation.
But a lawsuit cash advance lets you bring a portion of that compensation package into the present.
Unlike other forms of litigation funding, lawsuit loans in Illinois do not have to be used for any particular expense. You can use the money to pay for rent or mortgage, utility bills, medical debt, or even as a replacement for lost income due to injury.
Illinois Legal Funding: How Does It Work?
There are only a few steps in the application process for an Illinois lawsuit loan. We have designed our process to be as simple and efficient as possible.
Step One: You Apply
First, you fill out the application form online. It’s completely free, with no hidden costs, and it does not obligate you to accept any lending arrangement.
Step Two: Our Underwriters Evaluate
Next, our team checks out the details behind your lawsuit. We may contact your attorney for additional information as well. To get a better understanding of the amount you’ll need, we will look at factors such as:
- Your total expected compensation
- The overall strength of your evidence
- Issues with Illinois’ comparative negligence law (735 ILCS 5)
- Previous awards in similar cases
Step Three: Get Your Money
After we have approved your application and you have signed the lending agreement, we can have up to $1 million in your bank account in as little as a single day!
Step Four: Repayment
This is the step in which lawsuit lending is crucially different from (and safer than) traditional lending. Once your lawsuit concludes, your attorney will get a check from the other party for the settlement or jury award. Out of that amount, they will send us a repayment check for the agreed-upon portion of the compensation package.
Since Illinois legal funding is non-recourse, your personal bank account is never a source of repayment. We don’t touch your finances. Instead, you simply send us a portion of your compensation. If you lose your lawsuit, you don’t have to pay us back at all!
Qualifying for Illinois Pre-Settlement Funding
We have a case acceptance rate of over 94%, so you are likely to be eligible for our Illinois legal funding. First, you’ll need to have a type of case we fund, which can include:
- Any personal injury claim (such as car accidents or product liability)
- Medical malpractice
- Employment or labor law violations
- Federal whistleblower lawsuits
- Cases related to the Jones Act
- Defective drug lawsuits (including class action suits)
You must be the plaintiff in your case. The plaintiff is the party who is seeking compensation for some form of harm. Also, you must be represented by an attorney or law firm. This helps increase the likelihood that your case will end successfully and cuts back on risk for both you and us.
Apply Today for Your Illinois Lawsuit Loan
If you have an ongoing lawsuit and need cash to help you and your family through the next months and years, legal funding could be the right solution for you. Tribeca Lawsuit Loans is a respected lender in Illinois and offers completely free applications.
We take on all the risk so that you and your family are safe. Click the Apply Now button to get started and take that first step toward the money you deserve with a lawsuit loan in Illinois.