At Tribeca Lawsuit Loans, we facilitate prompt pre-settlement financing in the state of New York at competitive pricing, designed to accommodate the requirements of those presently involved in personal injury lawsuits.
Are you looking to leverage your lawsuit for some quick cash? We can offer you an advance ranging from $500 up to $2,000,000 in cash, subject to the merit of your injury lawsuit case. We take pride in our high ratings and positive reviews from former clients, and our substantial footprint across New York. We’re capable of supplying a cash advance in just 24 hours! Apply Now!
Our establishment’s Lawsuit loans (also referred to as case loans or lawsuit funding) are available for any financial obligations that surface while the plaintiff’s lawsuit (your lawsuit) is underway and prior to you obtaining your deserved compensation from a successful trial verdict or settlement against the defendant. Numerous clients utilize the monies we disburse for expenditures such as medical bills, rent or mortgage payments, utility bills, or even everyday costs like food or commuting.
Obtain your funding today! Reach out to our affable and proficient team at (866) 388-2288 or touch base with them using this convenient online form, for any inquiries or reservations you might harbor about the pre-settlement funding procedure. Our lawsuit settlement loans do not necessitate a credit check or income verification because you’re under no obligation to reimburse Tribeca Lawsuit Loans if your case does not prevail.
Three Steps To Your Cash Advance
Step 1: APPLY for Lawsuit funding in New York 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.
Laws and Regulations of Lawsuit Funding in New York
Key Legal Information
– In New York, Tribeca Lawsuit Loans average case funding varies but can go up to $2,000,000 depending on your lawsuit.
– Fault Laws: Pure Comparative Fault (N.Y. C.P.L.R. § 1411)
– Statute of Limitations: 3 years (Civil Practice Laws and Rules, Art. 2, Sec. 214)
– Minimum policy limits: $25,000 bodily injury liability per person, $50,000 per accident, and $25,000 property damage liability per accident
– Minimum UIM auto insurance limits: Liability 25/50/10, UM BI: 25/50, PIP: $50,000
– Workers’ compensation eligibility: Not Eligible
Ethical Concerns and Attorney Guidance
New York law permits attorneys to advise clients on pre-settlement funding. However, the New York City Bar Association has expressed concerns regarding potential pitfalls and possible conflicts of interest in third-party lawsuit funding. Attorneys must maintain control over litigation and ensure their professional judgment isn’t influenced by funders.
Rules for Third-Party Funders
New York law stipulates that third-party funders must disclose specific details in their contracts, such as the total cash advance, one-time fees, percentage fee, and the total repayment amount at six-month intervals up to 36 months. Contracts must allow plaintiffs to cancel the agreement within five days of receiving funding without penalties or obligations. Additionally, contracts must include a written certification that the plaintiff’s attorney has reviewed and explained all terms.
Qualifying for a Lawsuit Settlement Loan in New York
We make it easy for you to qualify for a New York lawsuit loan. If you’re looking for someone near you to provide you with the money you need fast, look no further. Tribeca can help personal injury victims throughout the entire state of New York.
To qualify, all you have to do is the following:
- Fill out our online application
- Wait for our team to review your application
- If you qualify, obtain the money you need within 24 to 24 hours
The process is truly that simple. When you provide your information, we only need the basics such:
- Contact information for you and your attorney
- The type of lawsuit you filed
- Your state of residence
- How much money you would like to receive
Types of Cases That Qualify for Lawsuit Loans in New York
As long as you are the plaintiff in an ongoing lawsuit in New York, you may qualify for funding from our team. Some of the cases we’ve funded in the past involved:
- Personal injury claims
- Whistleblower Act violations
- Labor law disputes
- Employment discrimination lawsuits
- Medical malpractice
- Premises liability
- Sexual abuse
- Civil rights abuse
- Commercial litigation
The list goes on. Additionally, we require all clients we provide with a New York lawsuit loan to have an attorney or law firm on their side. Representation from skilled legal counsel greatly increases both the amount of compensation you eventually receive and your likelihood of winning your case.
Don’t worry if you don’t see your particular type of case listed above. These are only a few of the most common that we provide funding for. We encourage every personal injury victim to reach out and apply for funding. We thoroughly review every application submitted and will do our best to assist you.
What If I’m Not Located in New York City?
Our New York team provides funding across the state, regardless of where in the Empire State you live. New York City? Of course. Poughkeepsie? There, too! But we also help clients in:
We also offer pre-settlement funding for litigation outside of New York State. If you have a case next door in New Jersey, you won’t have to worry about tracking down another legal funding company that serves that market or crossing the border just to apply for legal funding. We can work with you regardless of where your case is being argued or negotiated.
New York Lawsuit Loans Can Help You Win a Bigger Settlement
When you use a New York lawsuit loan, you ease your financial stress and can afford to pursue justice. And, since Tribeca is invested in the successful outcome of your lawsuit, we may provide your attorney with case funding. Expert witnesses, forensic testing, and other litigation expenses can be steep, but they can also strengthen your case to win a more considerable compensation.
You can use the funds from your New York settlement loan to pay expenses like:
- Medical bills
- Mortgage or rent
- Property repairs
- Utilities
- Replacing lost wages
- Daily costs (food, gas, etc.)
We never restrict how you can use your funds. While most personal injury victims use their New York accident loans for financial obligations, you can use them on whatever expenses you need covered.
Are Lawsuit Loans in New York Legal?
Yes! New York lawsuit loans, also referred to as “pre-settlement funding,” are perfectly legal. Considered to be a non-recourse loan, not only does the state allow lawsuit loans but the laws about them are designed to protect you from risk.
A non-recourse loan like a New York accident loan or a wrongful death lawsuit loan in New York uses your future settlement as the collateral for the loan. Because the collateral is the sole source of funding to repay the loan, the lender has no recourse to attach your income, assets, or property to recoup the loan.
In fact, should you lose your case when relying on a Tribeca lawsuit loan, you won’t owe us a dime. That’s why our loan application process is very different from conventional loans. We ask:
- NO income verification
- NO credit check
- NO employment verification
- NO asset accounting
Once again, your future lawsuit settlement is the only source for repaying your New York lawsuit loan. In addition, our application process is simple, straightforward, and free.
How Much Money Can You Get?
New York lawsuit loans are not one-size fits all. They are determined by the facts of your case, including the amount of compensation you expect to receive, the extent of your damages, and the percentage of fault attributed to you.
Until we review the details of your case, we cannot say how much pre-settlement funding we can provide. Our team can approve anywhere from $500 to $1,000,000. We make our decision after analyzing your application and discussing your case with the lawyer or law firm that represents you.
Do Lawsuit Loans in New York Charge Interest?
Our company charges a flat, simple interest rate instead of the compound interest rate charged by predatory lenders. The precise interest rate depends upon the details of your case. We cannot tell you the interest rate we can offer until we examine your case with your attorney.
Don’t Let Insurance Companies Force You to Settle for Less
Insurance companies may pretend to be on your side, but in reality, they’re not. Their only interest is to get you to settle for as little as possible, thus saving them lots of money and legal headache. The way they do this is by dragging their feet through legal proceedings.
The longer they take to settle your case, the harder your financial situation becomes. While you’re injured, that doesn’t mean bills will suddenly stop coming. You still have to meet your financial obligations, and that can be extremely difficult while focusing on your lawsuit. In addition, your injuries may also make it impossible to work while you recover.
All of these factors force personal injury victims to settle for a lowball amount. However, with a New York lawsuit loan, you can continue to stay in the fight and win the settlement you deserve. Get the money you need now to win a fair settlement later on down the road!
Apply for Free and Get Your Money Quickly
You can call (866) 388-2288 to speak with a team member about applying for your settlement loan in New York. We will walk you through the ins and outs of the lawsuit loans process. Or, simply head over to our Apply Now page to get the ball rolling. Once you are approved, you may receive your money in as little as 24 to 24 hours once all the necessary documents are signed.
FAQs
What is the civil lawsuit process typically like in New York?
In New York, the civil lawsuit process typically commences with the plaintiff filing a complaint in court. This is followed by the defendant’s answer or motion. Next, both parties exchange information in the discovery phase. If the case isn’t settled during this time, the court schedules a trial. If the plaintiff wins, they may be awarded damages. This process can be complex and lengthy, hence some plaintiffs opt for pre-settlement funding.
How does pre-settlement funding work in New York?
In New York, pre-settlement funding involves a plaintiff applying for a loan from a funding company, like Tribeca Lawsuit Loans, while awaiting the settlement of their lawsuit. The company reviews the merits of the case and if approved, provides a non-recourse loan which need not be repaid if the plaintiff loses. The repayment, including fees and interest, is made from the settlement amount. The process is regulated under New York law to ensure fair practices.