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 from a Chicago lawsuit loan lender 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’s the Catch with a Lawsuit Loan?
There is no catch if you go with a reputable and scrupulous lender like Tribeca. Why choose us to get pre-settlement funding 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 back 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?
None! When you apply for pre-settlement funding, Tribeca Lawsuit Loans will never ask you for personal financial information such as:
- Bank balances
- Employment history
- Tax returns
- Credit score
- Credit records
In order to decide how much to lend to you and what your interest rate will be, we need to know the details of your case. We will also need to speak to your lawyer for approval. We can help you get pre-settlement funding for many personal injury 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 lawsuit loan, we need that information and 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 money has no restrictions on spending. It is repayment for the damages you receive and it is not considered income. You don’t have to pay any taxes on receiving 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.
Get Legal Funding in Chicago with One Phone Call
There is literally no downside to speaking with one of our loan officers about getting a lawsuit loan in Chicago. With one simple phone call, or by filling out our contact form, we can get the process started.
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.