Looking for loan options is an overwhelming process. If you are starting a lawsuit or in the middle of one, choosing a legal loan instead of a personal loan or opening a credit card is a start in the right direction.
Our lawsuit loans in Detroit offer simple interest, non-recourse legal funding options that do not require any repayment if you do not win. All it takes to get started with our experienced specialists is a quick call to (866) 388-2288 or to complete our easy application form.
Does My Case Qualify for Legal Funding in Detroit?
We specialize in funding lawsuits for personal injury, product liability, medical devices, medical malpractice, and labor law. We have also funded:
- Car accidents
- Commercial truck accidents
- Wrongful imprisonment
- Pedestrian accidents
- Bicycle accidents
- Motorcycle accidents
- Premise liability cases
- Professional malpractice cases
- Medication error cases
- Police brutality and abuse
- Employment disputes
- Workplace discrimination/sexual harassment
- Hostile Workplace
If your case is not on the list, your civil action may still qualify for our legal funding. We encourage you to reach out to our team of professionals and discuss your loan options.
What’s the Process Like for Pre-Settlement Funding in Detroit?
We have surveyed the land of legal loan service to ensure that you have the best experience. Applying for a legal loan is quick and free. Here is our four-step process from application to repayment:
- You complete your application so we can speak with you and your attorney about your case.
- We approve your request and send you the money you need.
- Your case concludes with either a court-ordered award or a settlement agreement.
- You pay us back an agreed-upon portion of that compensation package.
The Application Process Explained
First, the application requires you to submit information about your lawsuit. This includes information describing your case, the award you’re seeking, and the contact information for your legal team.
In the second step, we approve your application once we verify all the information. Discussing your case with your legal team offers better insight into the complexity of your case. Your attorney can predict better than anyone else the length of your case or the predictive outcome of your claim.
The third and fourth steps can happen within weeks or years of starting your lawsuit. Once the case is resolved, your attorney will receive a check and hold the funds for disbursement. This means that your lawyer will repay us on your behalf, so you don’t have to worry about taking any additional steps.
How Much Interest Is Charged on a Legal Loan in Detroit?
Personal loans and credit card loans traditionally maintain high compounding interest. Compounding interest means takes interest from the principal and then interest off the interest that has accrued. If you do not make your payments on time or on both the principal and the interest, you can see your loan amount debt double or triple.
We prefer a simple interest method. Simple interest is calculated from the original amount of the loan, and that is it. There are no hidden fees or compounding interest. We are not in the business of adding to your debt because our only recourse is your settlement or court-ordered payment.
Contact Tribeca Today to Learn About Your Legal Funding Options
If you are interested in learning about this no-risk legal funding, you can apply today for FREE. You can also call us at (866) 388-2288 if you have any questions about the loan process.
We encourage you to do your homework, but we are confident that our loans will give you the financial certainty you need during very uncertain times.