If you get injured due to someone’s negligence and cannot continue work, it can be difficult to live comfortably and fight for compensation. Typically, if you are injured, you can sue the negligent party for compensation for your injuries and potential future medical needs. However, starting a lawsuit costs money. Here is how we can help.
Tribeca Lawsuit Loans offers lawsuit loans in Raleigh to people like you who need money while you are waiting for your lawsuit to end. We understand the hardship of being unable to work while you heal from your injuries. Simply call (866) 388-2288 today to get started.
What Is the Difference Between a Legal Loan and a Personal Loan?
There are many differences between a legal loan and a personal loan. Personal loans rely on your personal financial situation to determine your approval and interest rates. Legal funding, however, relies solely on your claim or case.
Here are three reasons why pre-settlement funding in Raleigh is better than a personal loan:
No Credit Score
The average North Carolinian has $700 in outstanding medical debt. We know that debt of any kind can harm your credit score. Thankfully, a legal loan does not require you to submit a credit score.
We base our decision on whether to provide you with legal funding in Raleigh based on your lawsuit type, estimated winnings, and the overall strength of your case. Winning your lawsuit has nothing to do with your personal finances; why should your legal loan?
Payback Dependent on Winning
A personal loan through a bank, credit card, or third party has different requirements on payback. Most provide options starting with immediate repayment options. The payback of a personal loan can begin as soon as you accept the loan.
A legal loan is dependent on your settlement or court-ordered payment. If you do not win your case, then you do not have to pay us back.
When you do win, a check is sent to your attorney. Your lawyer is responsible for handling your award. The attorney will divide the award between their legal team, our agreed-upon payback price, and the remainder is yours.
There are two types of interest: compound and simple. While simple interest stays constant, compound interest is when the interest accrues daily, weekly, or monthly. It increases over time, which means that each increase adds more to your principal.
Each loan we provide is unique, just like every lawsuit is unique. There is no one size fit all loan. We will do our best to curate a loan with reasonable simple interest that best fits your situation, depending on your needs.
When Do I Get Paid?
After applying and getting approved, we can have money in your pocket in as little as 24 hours. It all starts with filling out our free application. Or if you need more information, call us today at (866) 388-2288. We are happy to discuss any questions or concerns you may have regarding the loan process.