At Tribeca Lawsuit Loans, we supply instant pre-settlement funding in the state of Louisiana at attractive interest rates, aiming to assist those currently involved in personal injury lawsuits.
Looking to borrow money from your lawsuit? We are capable of advancing you an 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 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 we distribute for expenses such as medical bills, rent or mortgage payments, utility bills, or even daily costs like food or transportation.
Get your funding today! Reach out to our amiable 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. We don’t require a credit check or proof of income for our lawsuit settlement loans because you are not obligated to pay back Tribeca Lawsuit Loans if your case is unsuccessful.
Three Steps To Your Cash Advance
Step 1: APPLY for Lawsuit funding in Louisiana now
Submit your application to us for funding. Our lawsuit 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.
Lawsuit Funding Laws and Requirements in Louisiana
Liability and Statutory Regulations
Louisiana 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 in Louisiana.
Pre-Settlement Funding Limitations
Legal funding companies in Louisiana 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
The process of obtaining pre-settlement funding or a lawsuit loan in Louisiana begins with the plaintiff, the individual or entity who is suing another party, known as the defendant. For example, a plaintiff in New Orleans, injured in a car accident, might be facing considerable medical bills while unable to work. The plaintiff often finds themselves in a situation of pressing financial need. They look to use funds from a lawsuit loan for various expenses like medical costs, daily living expenses, and legal fees while they await a settlement or judgment.
The plaintiff initiates the application process with a trusted funding company, such as Tribeca Lawsuit Loans, detailing their case merits, the lawsuit type – which could be personal injury, workers’ compensation, or a civil rights case, among others – and their legal representation. The quality of their attorney or law firm can often influence the decision of the funding company. For instance, an attorney with a strong track record in car accident lawsuits in Baton Rouge might positively influence the loan approval.
Once the application is submitted, it triggers the approval process. The funding company carries out a risk assessment, evaluating the strength of the case, the potential settlement amount, and the likelihood of a successful outcome. In Louisiana, for instance, the type of lawsuit can significantly impact the eligibility and loan amount, as workers’ compensation cases are not eligible for funding.
Upon approving the application, the funding company determines the loan amount – the sum of money the plaintiff can borrow against their potential settlement. This decision is influenced by several factors, including the case merit and the potential settlement amount. For example, a plaintiff in Shreveport with a strong wrongful termination lawsuit might be granted a higher loan amount due to the potential high settlement.
The approved loan is a non-recourse loan, meaning if the plaintiff loses their case, they are not required to repay the borrowed amount. This characteristic of lawsuit loans introduces considerable risk to the funding company, further underlining the importance of a detailed case review. If our plaintiff from New Orleans unfortunately loses their case, they wouldn’t have to repay the loan.
Terms of the loan, such as the interest rate and repayment terms, are then negotiated. The interest rate denotes the rate at which the loan accrues cost over time. Fees, such as origination or processing fees, may also apply, contributing to the total repayment amount. For instance, a plaintiff from Lafayette may negotiate an interest rate of 3% per month on their loan.
Once all terms are agreed upon, the funding company advances the loan to the plaintiff. The funding speed – how quickly the funds are disbursed – can often be crucial for the plaintiff. In urgent cases, a fast-disbursing company like Tribeca Lawsuit Loans might be the difference between a plaintiff in Lake Charles keeping their home or facing foreclosure.The process doesn’t end here. Once the lawsuit is resolved, and if it results in a settlement, the plaintiff must adhere to the repayment terms, returning the principal loan amount, interest, and any associated fees. For example, after a successful settlement, our Shreveport plaintiff would repay the loan from the settlement amount received.
Throughout this process, there are legal and ethical considerations but regardless the process usually goes smoothly. Some considerations include the implications of borrowing against a future settlement, the potential influence on the litigation process, and the terms of the loan agreement. For example, a plaintiff from Bossier City must understand the cost of borrowing and the influence it might have on their willingness to settle their case.
In conclusion, obtaining a lawsuit loan is a multifaceted process. It involves the plaintiff, their case, the funding company, and many moving parts, including the application and approval processes, risk assessment, and eventual repayment. It serves as a financial bridge for those in need while they await the resolution of their legal battles. For Louisiana residents from Alexandria to Monroe and everywhere in between, a lawsuit loan could be a lifeline during a difficult time.
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 Louisiana 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 in Louisiana, 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. Once we review your application and the information you provided, we will notify you of approval. Upon approval, you will get the money you requested. Don’t worry about your credit score or other financial information. The only thing that matters to be eligible for a Louisiana lawsuit loan is the information listed above.
What Types of Cases Qualify for Louisiana Lawsuit Loans?
Tribeca funds a wide variety of cases, so you may be eligible regardless of what kind of lawsuit you have. Some of our previous clients include those with claims like:
- Product liability
- Car accidents
- Faulty drugs or medical devices
- Medical malpractice
- Employment or labor law disputes
- Whistleblower protection violations
- Sexual abuse
We also require our clients to be represented by an attorney before receiving a Louisiana 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.
How Can I Use My Louisiana Lawsuit Loan?
We don’t restrict you on how you decide to use your Louisiana 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 in Louisiana, 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 Louisiana accident loans can help you pay for any repairs, fixes, or maintenance.
Are Louisiana Lawsuit Loans Legal?
Yes! There is no regulation of lawsuit loans in Louisiana. 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 Louisiana 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 Lawsuit Loans Safe?
This can depend on which company you go with. 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 Louisiana lawsuit 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 of Louisiana, including these towns:
Get Your Pre-Settlement Funding in Louisiana Today
Apply for free your Louisiana 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 a Louisiana lawsuit loan! 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 Louisiana?
In Louisiana, 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?
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 lawsuit loans are non-recourse in nature, the plaintiff is not required to repay the loan if they lose their case.