At Tribeca Lawsuit Loans, we offer same-day pre-settlement loans in Louisiana at competitive interest rates to meet the needs of those currently in personal injury and other plaintiff’s lawsuits.
Looking to borrow money from your lawsuit? At Tribeca, we are capable of advancing you a cash amount ranging from $500 to $2,000,000 in cash, contingent upon the worth of your injury lawsuit case.
With high ratings and positive reviews and testimonials from former clients, and a widespread presence throughout Louisiana, we stand as a reliable source for your needs. We can secure you a cash advance in a minimum of 24 hours! Apply Now!
Our company’s lawsuit loans, also known as case loans or lawsuit funding, can be allocated towards any expenses that occur while your lawsuit is still ongoing and before you receive your rightful compensation from a successful trial verdict or settlement against the defendant. Many of our clients utilize the funds from the settlement loans we distribute for expenses such as medical bills, rent or mortgage payments, utility bills, or even daily costs like food or transportation.
Get your personal injury lawsuit funding today! Reach out to our friendly and experienced team at (866) 388-2288 or connect with them using this straightforward online form for any questions or worries you have about the pre-settlement funding process.
At Tribeca, we are licensed in the state. Our underwriters don’t require a credit check or proof of income for our lawsuit settlement loans because you are not obligated to pay back Tribeca if your case is unsuccessful.
Three Steps To Your Settlement Loan with Tribeca Lawsuit Loans
Step 1: APPLY for pre-settlement funding now
Apply for free via our online application. Submit your application to us for funding. Our loan application includes the following process:
- No credit check
- No income verification
- No asset evaluation
- No hidden fees
- No money up-front
Step 2: REVIEW
Our fast and proficient team will review your case. We support many different types of cases including personal injury, car accident, premises negligence, workers’ comp, class action and more.
Step 3: FUNDING
Tribeca Lawsuit Loans sends a contract detailing terms of funding. Cash is distributed quickly and securely. You can get your same day pre-settlement funding as soon as your application is approved.
Lawsuit Funding Laws and Requirements in Louisiana
Liability and Statutory Regulations
The state employs a Pure Comparative Fault system (L.S.A. – C.C. Art. 2323), where, except for intentional torts, the defendant’s liability is offset by the plaintiff’s percentage of liability. The state upholds a 1-year Statute of Limitations as per Ci. Code. Art. 3492.
Insurance Coverage Minimums
The minimum policy limits for bodily injury and property damage are $15,000 for bodily injury liability per person, $30,000 bodily injury liability per accident, and $25,000 property damage liability per accident. The minimum Underinsured Motorist (UIM) auto insurance limits follow a 15/30/25 liability model.
Exclusion of Workers Compensation
Workers compensation cases are ineligible for funding.
Pre-Settlement Funding Limitations
Legal funding companies in the Bayou State are restricted from offering loans on workers comp cases or soft tissue injury-only cases. If plaintiffs have received previous funding for their case, a lien will be filed against them. Therefore, when applying for pre-settlement funding from Tribeca Lawsuit Loans, such instances must be disclosed so repayment can be arranged.
How Pre-settlement Funding Works
Pre-settlement funding provides financial support to plaintiffs awaiting lawsuit settlements. The process begins when a plaintiff applies to a funding company, detailing their case and legal representation. The funding company evaluates the case’s strength and potential settlement amount. If approved, the company determines the loan amount based on these factors.
Lawsuit loans are non-recourse, meaning plaintiffs don’t repay if they lose their case. This introduces risk for the funding company, emphasizing the importance of thorough case review. The loan terms, including interest rates and fees, are negotiated. Once agreed upon, the funding company disburses the loan to the plaintiff.
Upon successful settlement, the plaintiff repays the loan, interest, and fees from the settlement amount. The process involves legal and ethical considerations, including the impact of borrowing against future settlements and the influence on litigation. Pre-settlement funding serves as a financial bridge for plaintiffs in need during legal proceedings.
Louisiana Lawsuit Loan Eligibility
Dealing with a lawsuit can be an immensely challenging and difficult time, especially when you need access to cash fast. Instead of caving to the insurance company and accepting a lowball settlement, our lawsuit loans can help give you the push forward to continue your fight for a settlement that covers all of the damages you sustained.
To be eligible for our lawsuit loans, you need to provide the following information:
- How you got injured and the type of injury sustained
- Estimated amount of your settlement
- Basic information from you and your lawyer
- The amount of money you need
That is all the information you are required to provide to be eligible – no need to recite the entire history of the Superdome. Once we review your application and the information you provided, we’ll notify you of approval faster than you can say “Laissez les bon temps rouler.” Upon approval, you’ll get the money you requested, delivered as swiftly as an airboat through the bayous of the Atchafalaya Basin. Ok,, we’ll stop!
Don’t worry about your credit score or other financial information. The only thing that matters to be eligible for a lawsuit loan from Tribeca is the information listed above.
Client Testimonials
What People Say About Tribeca Lawsuit Loans
“Five stars for Tribeca ! I can honestly say that working with Tribeca law suit loans was very simple and rewarding. The staff were all very courteous and user friendly. I was able to secure a $ 10,000 dollar loan within days of contacting them. I have delt with other companies and there is no comparison, Tribeca is upfront and honest, willing to go the extra mile to assist you. Don’t hesitate to give them a call, I am so glad I did. God bless, Harvey Murphy” – Harvey Murphy (August 24, 2024)
What Types of Cases Qualify for Louisiana Settlement Loans?
We at Tribeca offer litigation financing for a wide variety of cases. Our legal funding company provides settlement advances to help plaintiffs navigate the Pelican State’s unique legal landscape.
In Louisiana’s mix of vibrant cities and bayou country, car accidents are unfortunately frequent. We offer lawsuit cash advances for cases involving:
- Multi-vehicle crashes on elevated highways
- Truck accidents at major ports
- Swamp tour boat collisions
- Pedestrian incidents in the French Quarter
- Mardi Gras parade-related accidents
- Oil field transportation mishaps
- Streetcar collisions in New Orleans
- Rural road accidents
- Weather-related pile-ups during hurricane season
These accidents often lead to severe injuries like traumatic brain injuries, spinal cord damage, and complex fractures. Our pre-settlement financing also covers slip and fall cases at festivals, workplace injuries in the petrochemical industry, and premises liability claims at popular attractions.
Beyond personal injury, we provide legal claim funding for maritime accidents, environmental lawsuits, labor law disputes in various sectors, product liability, Faulty drugs or medical devices, medical malpractice, whistleblower protection violations and sexual abuse. Our litigation advance services even extend to unique scenarios like injuries from alligator encounters, cases related to the state’s music industry, and flood-related property disputes.
Tribeca’s lawsuit financing options ensure plaintiffs can stand up to large corporations or government entities without financial strain.
We also require our clients to be represented by an attorney before receiving a lawsuit loan. This is for our protection as well as yours, since having a lawyer on your side makes you much more statistically likely to receive the compensation you deserve.
What is the cost associated with Pre-Settlement Funding?
The cost of pre-settlement funding loans varies based on several factors. Tribeca Lawsuit Loans offers competitive rates for pre-settlement funding in the Pelican State. Costs typically include the principal amount borrowed and a simple interest rate, which accumulates over time.
The total expense depends on the case’s complexity, anticipated settlement value, and duration. Tribeca’s legal funding specialists and underwriters work diligently to provide transparent pricing, ensuring plaintiffs understand all associated costs.
Unlike traditional loans, these lawsuit cash advances are non-recourse, meaning if the case is unsuccessful, the plaintiff owes nothing. This unique structure makes legal funding a low-risk financial option for residents pursuing justice.
What Interest Rates can Louisiana residents expect on Lawsuit Loans?
Interest rates on lawsuit loans are competitive and tailored to each case. Tribeca Lawsuit Loans offers simple interest rates, typically starting around 3% per month, avoiding compound interest that can inflate costs (like many of our competitors do!)
The specific rate depends on factors such as case strength, expected settlement amount, and anticipated case duration. The state’s legal landscape and local regulations also influence rates. Tribeca’s transparent approach ensures plaintiffs understand the interest structure before accepting pre-settlement funding.
How Can I Use My Louisiana Lawsuit Loan?
We don’t restrict you on how you decide to use your lawsuit loan!! Typically, personal injury victims spend the money they receive on urgent financial obligations, including the following.
Medical Expenses
Even with health insurance, medical care isn’t cheap. Just one night in the hospital can rack up thousands of dollars in bills. You can use the funds you receive in your lawsuit loan to pay off your medical expenses.
Living Expenses
Getting injured won’t stop bills from coming in. If your injuries prevent you from working, you’ll quickly find it difficult to pay for your mortgage or rent, groceries, electric bills, etc. With a lawsuit settlement loan, you can have a financial cushion that allows you to comfortably pay your housing and living costs while you focus on your legal affairs and recovering from your injury.
Property Damages
If you suffered a car accident or your accident caused damages to your personal property, you don’t have to front the cost on your own. Our accident loans can help you pay for any repairs, fixes, or maintenance.
Are Lawsuit Loans Legal in Louisiana?
Yes! Lawsuit loans are legal and are endorsed by state courts. Tribeca offers lawsuit funding in this state.
There is no regulation of lawsuit loans. While this is good, since it means we can provide you with the money you need, it also means you need to exercise caution. Only pursue legal funding from reputable companies like Tribeca.
Here are some factors you should consider before applying with a lawsuit loan lender:
- Online reviews from previous customers
- Transparency throughout the funding process
- Free applications
- Easily understandable loan terms
- Simple interest rates rather than compound interest rates
Remember, there are many predatory lenders out there looking to make money off of you with bad loan terms and high interest. Always do your research and never accept any loan offer that sounds shady or too good to be true.
Are These Settlement Loans Safe?
At Tribeca, our pre-settlement funding is completely safe and risk-free. There are no:
- Hidden fees
- Repayments from your personal finances
- Wage garnishments or property seizures
Instead, repayment comes always and only from your eventual compensation package. Once your attorney receives the check for your settlement or jury award, they will send us the agreed-upon portion and you keep the rest.
Since settlement loans from Tribeca are non-recourse, you never have to worry about paying us back out of your bank account. Plus, you don’t pay us back at all if you lose your case.
Other Locations Served
We proudly serve all, including these cities:
| Lafayette | Ruston |
| New Orleans | Hammond |
| Shreveport | Opelousas |
| Baton Rouge | Sulphur |
| New Orleans | Natchitoches |
| Baton Rouge | Gretna |
| Shreveport | Zachary |
| Lafayette | Pineville |
| Lake Charles | Thibodaux |
| Kenner | Crowley |
| Bossier City | Baker |
| Monroe | Minden |
| Alexandria | Youngsville |
| Houma | |
| New Iberia | |
| Slidell |
Get Your Pre-Settlement Funding in the State Today
Apply for free with Tribeca for your lawsuit loan by filling out the form on our Apply Now page. You’ll be asked to include information about your case, including the estimated amount of your eventual settlement.
After approval, we can have the money in your bank account within as little as 24 to 24 hours. If you need money now, don’t wait until the last minute to apply for settlement funding! Got questions? We’ve got the answers you need. Call our office at (866) 388-2288.
FAQs
What is the civil lawsuit process typically like in the state?
The civil lawsuit process generally begins with the plaintiff filing a complaint in the appropriate court. This is followed by the defendant receiving a summons and a copy of the complaint, to which they must respond. Afterward, both sides engage in a discovery process, exchanging relevant information and evidence. If the case is not settled during this period, it proceeds to trial, where both parties present their case. A judge or jury then makes a final decision.
How can a lawsuit loan help me in Louisiana?
A lawsuit loan can help plaintiffs who are awaiting a judgment or settlement by providing them with immediate funds to cover expenses like medical bills, daily living expenses, and legal fees. This financial assistance can ease the financial strain during the lawsuit process, allowing the plaintiff to focus on their case. Furthermore, since these loans are non-recourse in nature, the plaintiff is not required to repay the loan if they lose their case.
What is the maximum amount available for a Lawsuit Loan in Louisiana?
The maximum amount available for a lawsuit loan varies based on the specifics of each case. Tribeca offers pre-settlement funding ranging from $500 to $2 million, depending on the anticipated settlement value. Factors influencing the loan amount include the strength of the case, extent of injuries, liability clarity, and expected compensation. Louisiana’s legal landscape and specific case types also play a role in determining maximum funding amounts. Tribeca’s experienced underwriters work closely with plaintiffs and their attorneys to assess the optimal funding amount, ensuring it meets immediate financial needs without overextending the potential settlement. This tailored approach allows residents to access substantial legal funding while maintaining case integrity.
What are the advantages and disadvantages of obtaining a lawsuit loan?
Lawsuit loans offer several advantages and disadvantages for plaintiffs in the state. The primary benefit is immediate financial relief, allowing plaintiffs to cover living expenses and medical bills while their case progresses. This financial cushion empowers plaintiffs to resist lowball settlement offers and pursue fair compensation. Additionally, the non-recourse nature of legal funding means no repayment is required if the case is unsuccessful.
However, potential drawbacks include the cost of funding, which can reduce the final settlement amount. Interest rates, while simple and transparent with Tribeca, accumulate over time. Some critics argue that lawsuit lending may complicate settlement negotiations. Ultimately, the decision to pursue pre-settlement funding should be made after careful consideration of individual circumstances and consultation with legal counsel.
Does Tribeca offer post-settlement funding?
Yes, Tribeca offers post-settlement funding in addition to pre-settlement funding. This can be helpful if you’ve won your case but are still waiting for the settlement to be processed.