If you’re waiting for your settlement in Massachusetts, a lawsuit loan could give you access to some of that money now when you need it most. Personal injury lawsuits can take months or even years to be resolved, during which time you could suffer financially. Insurance companies often exploit this by dragging out your case so you will settle for less.
A Massachusetts lawsuit loan, also known as legal funding, can help you cover medical bills from your accident and general living expenses. If you’ve lost income as a result of your accident, this could be a welcome financial relief and could be just what you need to be able to fight for your full settlement. Find out how legal funding works and if it’s right for you.
Filing a Personal Injury Lawsuit in Massachusetts
If you’re a Massachusetts resident who is filing a lawsuit, you may be eligible to apply for Massachusetts lawsuit loans. These loans are designed to help you meet your financial obligations while you wait for your case to move through the legal system. These are just some of the types of claims you may be able to get lawsuit funding for:
- Automobile accident
- Personal injury
- Slip and fall case
- Medical malpractice
- Commercial litigation
- FELA railroad claims
- Sexual abuse claims
You have been wronged and deserve legal justice, but you may find yourself in a lower-paying position or out of work altogether due to your accident or injury. At the same time, you may be racking up doctors and hospital bills while trying to pay for daily living expenses.
A lawsuit loan could give you the financial breathing room that you need to cover your expenses and to keep up your legal fight.
Massachusetts Legal Funding Requirements
If you’d like to obtain Massachusetts legal funding, you’ll need to fulfill some basic criteria first. If the following apply to you, then it’s likely that you qualify for a lawsuit loan: you have a lawyer, or you’ve filed a lawsuit and are waiting for a settlement. And that’s it – so long as you have a pending settlement and are represented by a lawyer, you most likely qualify for legal funding.
You can apply for legal funding at any time during which your case is in progress. However, if you don’t have a lawyer, or if your lawyer refuses to accept legal funding, we won’t be able to help you.
How Do Lawsuit Loans Work?
Lawsuit loans work differently than other types of loans you might be more familiar with. Most types of debt are classified by the IRS as recourse, meaning that the lender can seize and liquidate a borrower’s collateral should they default. However, in the case of nonrecourse debt, like lawsuit loans, a borrower’s personal assets can’t be taken as payment for the loan.
What this means for you is that your settlement will be used as collateral for your lawsuit funding, not your personal assets. Any repayment of your lawsuit loan will come from your settlement alone. If you lose your settlement or if you receive less from the court than you did from us, you’ll owe nothing.
A lawsuit loan could give you the financial breathing room that you need to cover your expenses and to keep up your legal fight. If you’re a Massachusetts resident but your case is being litigated out of state, don’t worry. We can provide you with legal loans across the United States, whether you need New York pre settlement funding or lawsuit loans in another state.
Apply for a Lawsuit Loan in Massachusetts Today
At Tribeca, we can offer you lawsuit loans for your pending settlement case. Qualifying applicants can be approved within 24 hours and receive up to $1 million in legal funding. You shouldn’t have to choose between pursuing justice for yourself and paying the bills, and with us you won’t have to.
We offer non-recourse legal funding at low interest rates to our clients. We can give you the financial muscle to continue your fight at no risk to your own finances. Apply today and get the pre-settlement legal funding you need to take care of yourself and your loved ones while you fight for the full value of your settlement.