Joliet lawsuit loans can prove crucial to the outcome of your settlement negotiations. If you’ve filed a lawsuit, you could spend months or even years negotiating with the defense to receive compensation for your damages. This is part of their plan – but you can defeat it with our help.
Defendants often drag out settlement negotiations in the hopes of placing enough financial pressure on plaintiffs that they accept a lower award. With a pre-settlement lawsuit loan, you can use part of your settlement now to pay for your fight for justice.
How Does Joliet Pre-Settlement Funding Work?
You may be expecting a substantial settlement, but you’ll only get it if you can fight for it. Unfortunately, defendants often rely on pressure tactics to get plaintiffs to settle for less than their case is worth. Instead of gambling with your settlement money, you can take a chunk of it now with pre-settlement funding in Joliet.
Also known as legal funding, a lawsuit loan gives you access to a portion of your expected settlement now instead of months or years in the future. Unlike personal loans, second mortgages, credit cards, or other financing options you might be more familiar with, lawsuit loans carry no risks to the borrower and are issued on a non-recourse basis.
Once you receive your lawsuit loan in Joliet, the money is yours to spend in whatever way you see fit. Many plaintiffs use it to cover imminent expenses, such as medical bill payments, rent or mortgage payments, or living expenses. However, you’re under no obligation to use the money a certain way, and you’ll only repay it if you actually win your case.
How Do You Qualify for a Joliet Pre-Settlement Loan?
It’s easy to qualify for a Joliet pre-settlement loan if you’re involved in negotiations related to your lawsuit. So long as you meet the following criteria, it’s likely that you’ll be able to receive legal funding in Joliet from a reputable lender:
- You’ve filed a lawsuit.
- You’ve retained a contingency-based lawyer.
- Your lawyer approves of Joliet legal funding.
If you meet the above conditions, you’re likely to qualify for legal funding. There’s no credit check or employment verification needed in order to qualify for a Joliet lawsuit loan. This is because your personal assets can’t be seized to repay your loan. The only collateral that can be taken as repayment is your settlement itself.
However, without your lawyer’s approval for legal funding, we won’t be able to offer you a settlement loan. This is because some lawyers don’t want to accept third-party funding, which can affect how they are paid. If your current attorney doesn’t want to accept legal funding, you may be able to find one who will.
What Types of Cases Do Joliet Pre-Settlement Loans Cover?
Joliet pre-settlement loans can be used in a wide variety of cases. If you’re engaged in a lawsuit, it’s likely that you’ll be able to obtain legal funding for it. Some of the types of cases that our office covers include the following:
- Car accidents
- Personal injury
- Premises liability
- Jones Act
- Medical malpractice
- Defective device
- Employment dispute
This list isn’t exhaustive, and your case may well be able to qualify for a lawsuit loan even if it isn’t listed here. Our agents can inform you if your case may qualify for settlement loans and walk you through the application process.
How Do Illinois’ At-Fault Laws Impact Your Legal Funding?
Under Illinois’ modified comparative fault doctrine, a percentage of fault is assigned to each party in a lawsuit. Because of this, it can be easier to obtain legal funding here than in some other states. That’s because lawsuits are rarely an all-or-nothing prospect, which can leave legal funding companies exposed to a high risk of a total loss on their investment.
How Does Illinois’ Statute of Limitations Impact Your Legal Funding?
If you’re injured in Illinois and want to file a lawsuit, you have two years to do so after your accident. After this period, you won’t be able to obtain compensation for your damages. This makes it vital to file a lawsuit before the statute of limitations expires.
Apply for a Lawsuit Loan in Joliet Today
At Tribeca Lawsuit Loans, we can provide you with pre-settlement funding of up to $1 million for your case. Within 24 hours of submitting your application, you could be approved and have your legal funding in your bank account and ready to spend. Once you receive your lawsuit loan, it’s yours to keep regardless of the outcome of your case.
We offer low, simple interest rates and non-recourse legal funding to all of our clients. We can give you the financial assistance that you need to meet your current financial obligations so you can stay in your fight for justice. Get in touch with us today online or with one of our live agents to get started.