Legal funding allows lawsuit plaintiffs to get cash now in the hopes of pursuing a larger payout in the future. We are licensed to provide lawsuit loans in Maryland of up to $1 million, depending on the details of your claim. These loans have several benefits over traditional lending practices.
For example, you can use legal funding to cover all your current expenses. Compare that to other forms of lending, such as medical funding, which you must use for specific purposes. Additionally, lawsuit loans are non-recourse, which means you are not personally liable for the debt.
Benefits of Pre-Settlement Funding in Maryland
The ability to spend your lawsuit cash advance however you need is not the only reason many plaintiffs flock to this type of loan. There are also numerous benefits related to the non-recourse nature of Maryland lawsuit cash advances.
- You do not have to pay back your lawsuit loan if you lose your claim.
- All repayment is taken from your eventual compensation package rather than your personal finances.
- Repayment is handled by your attorney all at once, so there are no monthly payments.
- No credit check or deep dive into your finances is necessary.
With a traditional loan, you might end up being on the hook for large repayments on a monthly basis even if you lose your lawsuit. That could leave you and your family worse off than before you got your rightful compensation! Instead, Maryland litigation loans protect your personal finances and are only repaid out of your settlement package (and only if you win your case).
How Much Can You Get as a Maryland Lawsuit Loan?
Since repayment comes from your compensation, the details of your claim are the factors that determine the value of your pre-settlement funding. For example, an underwriter on our team may look at items like the following when approving a Maryland lawsuit loan:
- The amount of damages you are suing for
- Previous jury awards in similar cases
- Your total expected compensation package
- How long your lawsuit is expected to last
- Issues related to Maryland’s negligence law that may affect your compensation
Maryland lawsuit loan providers can work with your attorney to get the most accurate information possible regarding your case and financial situation.
Our Legal Funding Process in Maryland
You can pursue pre-settlement funding with ease using our simple three-step system. First, you apply via our online application form. Then, our team will evaluate the strength of your lawsuit and judge how much we can provide you with in legal funding. Once you have been accepted and signed the agreement, you can get the money in as little as a single day.
After your case resolves, your attorney will get a check from the at-fault party for the compensation amount (if you have won your lawsuit). Then, they simply write us a check for the agreed-upon repayment amount and you keep the rest!
We can also assist you if you’re looking for legal funding out of state. We offer pre-settlement funding across all 50 states. For instance, lawsuit loans in Philadelphia are available if you live in Maryland but are pursuing litigation in Pennsylvania.
Apply for Maryland Legal Funding From Tribeca for Free
To start the process for obtaining a Maryland lawsuit loan, click on the Apply Now button at the top of Tribeca Lawsuit Loans’ website. There are no hidden fees and no obligation, so it never hurts to apply. Our underwriters will assess your case and get back to you with a quote regarding how much legal funding we are able to provide.