It’s comforting to know that you have a settlement or an insurance claim that’s sure to come. It’s not so comforting when you have to wait for all the paperwork to finish. You need money now, not when your paperwork and court dates are finished. There is a solution. A lawsuit loan in Chicago, IL can help you get a portion of your settlement right away.
Tribeca Lawsuit Loans has a 94% approval rating and can loan amounts up to $1,000,000, depending on your situation.
What is a Pre-Settlement Loan in Chicago, IL?
After you’ve been injured or harmed, it can take months or even years for your case to come to a close and for you to receive the compensation you deserve. During that time, you may have medical bills to pay or may have lost your job. You may also need to pay your lawyer in order to pursue your case. A Chicago lawsuit loan is a bridge loan that provides you with money while your case is ongoing.
If you work with Tribeca, our repayment is tied only to your earnings. So if you don’t get paid, you won’t have to pay back your Chicago settlement loan.
What’s the Catch with a Chicago Lawsuit Loan?
There is no catch if you go with a reputable and scrupulous lender like Tribeca. Why choose us to get settlement funding in Chicago from your lawsuit or insurance claim? The answer is our transparent loan process.
We only offer flat interest non-recourse loans. It’s the last part that is most important. A non-recourse loan means that we can only get paid through your settlement. If you lose your case, you don’t have to pay us back!
A flat interest rate also makes it very easy to calculate how much we’ll take at the end of your settlement. There’s no worry about compounding interest rates making your final payment skyrocket because your case dragged on too long.
What Financial Information Do You Need for a Lawsuit Loan in Chicago, IL?
None! When you apply for legal funding in Chicago, IL, Tribeca Lawsuit Loans will never ask you for personal financial information such as:
- Bank balances
- Employment history
- Tax returns
- Credit score
- Credit records
How Do You Determine the Amount of My Pre-Settlement Loan in Chicago?
To decide how much we can lend to you and what your interest rate will be, we need to know the details of your case and speak to your lawyer for approval. We can help you get pre-settlement funding for many personal injuries and other types of claims.
Why Do I Need My Lawyer to Approve My Lawsuit Loan?
When we speak to your lawyer to arrange a Chicago settlement loan, we need your lawyer’s expertise to decide how much to lend you. We need to know the strength of your case, your expected amount of compensation, and how long your case is likely to last.
Your attorney will only approve you for a lawsuit loan in Chicago if they believe your case is likely to result in a successful settlement or court award.
How Will I Pay You Back?
Unlike most loans, you will never have to worry about monthly payments with us. Remember, if you lose your case, you do not have to pay us back. If you win, your lawyer handles all the paperwork.
When you win a case, it’s your lawyer that gets the check first. Once they have the check, they’ll pay themselves for legal fees, then write us a check for the agreed amount. You keep the rest of the compensation.
In most cases, the potential withdrawal limit is no more than 10%-20% of the final compensation, so you do not have to worry about getting left with nothing by getting a lawsuit loan now.
Am I Allowed to Use the Money for Anything I Need?
Yes. Settlement funding in Chicago has no restrictions on spending. It is repayment for the damages you will receive and is not considered income. You don’t have to pay any taxes on it. You can immediately pay for things like:
- Mortgage and rent payments
- Medical bills
- Car payments
- Insurance payments
- Pay off debt
- Buy needed medical equipment for your recovery
- Pay everyday expenses
The average cost of a car accident or another type of injury may be much higher than you realize. Many injured people are shocked when they see exactly how expensive being hurt by another party’s negligence can be. This makes it easy to get into financial trouble.
Lawsuit Loans Near You
At Tribeca, our teams are located around the United States so that we can provide pre-settlement funding to as many people as possible, including in Chicago. Chicago is one of the country’s biggest and most vibrant cities, but it also has its fair share of challenges. For example, it’s not uncommon for Chicago residents to experience injurious car accidents or to be the victims of medical malpractice. With so many employers in the city, a certain number of employees may be mistreated or face workplace harassment.
If you live in Chicago and are currently pursuing a lawsuit, we can help you stay financially afloat in the meantime. We also work in several other Midwestern states, including:
What are the Benefits of Chicago Settlement Loans
Should you consider seeking a Chicago lawsuit loan while you wait for a payout from your lawsuit? Many plaintiffs find that their case moves more slowly than expected and that they have major expenses to cover throughout their case. Here are just a few reasons our customers seek legal funding in Chicago, IL:
- To pay medical bills as a result of an injury
- To cover prescription costs or pay for needed medical devices
- To finance legal bills
- To make up for lost wage (if you can’t work or were inappropriately let go from your job)
- To fund your case and avoid taking a lowball offer
- To cover medical bills and travel costs (doctors appointments and legal appointments)
- To pay your everyday bills (rent, utilities, etc.)
The main benefit of obtaining a lawsuit loan in Chicago, IL, is that this money gives you time. Often, insurers or the opposition’s legal team will offer a lowball settlement to make you go away. Sadly, many plaintiffs take this low payout because they cannot afford to see their case through to the end. A lawsuit loan will give your attorney time to fight your case and get you the largest payout possible.
Get Legal Funding in Chicago with One Phone Call
There is no downside to speaking with one of our loan officers about getting a lawsuit loan in Chicago, IL. Start the process with one simple phone call at (866) 388-2288 or by filling out our contact form.
While many creditors will work with you if you have a lawsuit or claim pending, they won’t wait forever. Get funding now from Tribeca Lawsuit Loans, and you can get them off your back.