A Yonkers lawsuit loan could be just what you need to win the maximum settlement from your lawsuit. Litigation can take months or even years to resolve, and during that time you could face mounting expenses that force you to settle your case early.
In many cases, defendants know what kinds of financial pressure you face and purposefully drag out negotiations in the hopes that settle. With pre-settlement legal funding, you can hold out against the defense’s pressure tactics and fight for the justice and award you deserve.
How Does Yonkers Pre-Settlement Funding Work?
Also known as a lawsuit loan, pre-settlement funding allows you to borrow against the expected value of your settlement. It can take months, and sometimes even years before you’re able to collect on this award. As a result, many plaintiffs who simply can’t afford an extended legal fight end up settling for less than they could obtain if they could just afford to keep up the fight.
Yonkers legal funding allows you to treat your future settlement as collateral to borrow against now. This can give you access to some much-needed cash that you can use to cover expenses that otherwise could force you to settle early. With these expenses taken care of, you can focus on the long fight ahead without any stress of wondering if you should settle now.
How Long Does It Take to Get a Pre-Settlement Loan?
Once you apply for pre-settlement funding in Yonkers, you can receive it within a day if you’re working with a reputable legal funding company. We’ve streamlined our application process to make it easy to obtain a Yonkers lawsuit loan, with clients finishing the process in just a few minutes. You shouldn’t face any major hurdles to receiving cash from your lawsuit provided that you qualify.
What Cases Qualify for a Yonkers Pre-Settlement Loan?
Yonkers pre-settlement lawsuit loans can be used for just about every type of lawsuit that is against an insured party. Some of the most common types that we fund include the following:
- Car accidents
- Personal injuries
- Medical malpractice
- Defective device
- Labor/employment disputes
- Jones Act
If your case isn’t listed here, don’t worry – it’s likely you still qualify for legal funding in Yonkers so long as you have an ongoing lawsuit.
What Determines the Amount of Your Yonkers Settlement Loan?
The amount of money you’ll be offered through your Yonkers lawsuit loan will ultimately depend on the likelihood that you can win your case and the size of your potential award. Our company can offer you anywhere from as little as $500 to assist with your case up to $1 million in Yonkers settlement loans.
To determine the amount of legal funding we’ll offer you, first we’ll take a look at your case. We’ll speak with your lawyer and will examine all of the facts about it. Then make a determination as to how much legal funding we’re willing to offer. We won’t need to look at your credit or employment history when lending to you.
Are Lawsuit Loans in Yonkers Legal?
Yes, lawsuit loans are legal in Yonkers. This is a type of nonrecourse debt, meaning we can’t take your personal assets for repayment of your debt. Any repayment will come solely from your lawsuit settlement. This means that if you happen to lose your lawsuit, you won’t owe anything, and will never owe more than the settlement you’re awarded.
Some lawsuit funding companies charge high, usurious interest rates, which can cause local courts or regulators to move against them. We only offer low, simple interest rates to our clients. This gives them a better chance of walking away with more of their settlement after the end of a long lawsuit.
Apply for Pre-Settlement Funding in Yonkers Today
Pre-settlement funding in New York can transform your court case and give you the financial ability to fight for the maximum settlement. At Tribeca Lawsuit Loans, we can offer you up to $1 million in cash from your settlement within 24 hours of the approval of your application. It takes just minutes to apply with us, and once you receive the legal funding it’s yours to spend.
We offer all of our lawsuit loans with low, simple interest rates to give your clients the best chance to walk away with as much of their settlement as possible. We know how challenging it can be to find a reliable legal funding partner, especially if you’re juggling a family and a career or recovering from your losses. Let us assist you to help you achieve the justice you deserve.