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, or head over to our website to fill out a simple application form. After that, we’ll get you an answer within one to two days on whether you qualify for a Raleigh lawsuit loan.
How Do You Qualify for a Raleigh Lawsuit Loan
Qualifying for a Raleigh lawsuit loan is extremely easy. All you need to do is the following:
- Apply using our online application form.
- Wait for our team to review your application. If we need any further information, we will follow up with you or your legal representation.
- Upon approval, get paid your funds and pay us back with the money you win in your settlement.
The steps towards qualification are really that easy. When you get approved, you can get the money you need in as little as 24 to 48 hours. The application process is totally free, and there is no risk or obligation when applying.
The only information we’ll need to determine if you qualify is the following:
- Pertinent personal information
- Info on your legal representation, such as your attorney
- The type of case you’re involved in
- The amount of money requested
With a 94% acceptance rate, chances are we can fund your case. We’ve lent over $45 million to 1,600 clients nationwide and are proud to be a trusted source for Raleigh lawsuit loans. Reach out to our loan experts for more information on cases we fund.
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 Required
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 fits all loan. We will do our best to curate a loan with reasonable simple interest that best fits your situation, depending on your needs.
How to Use Your Settlement Funding in Raleigh
Many personal injury victims in Raleigh that receive one of our loans can use their funds to pay for various financial obligations such as:
- Living expenses such as groceries, utilities, etc.
- Rent or mortgage payments
- Medical expenses
- Property damages
- Vehicle repairs or replacements
The above list is simply some of the most common examples of personal injury victims typically use their legal funding for. At Tribeca, we will never try to restrict how you use the money we give you. Once we lend you the cash you need, spend it however you see fit. After all, the money is meant to support you and your life throughout your legal battle.
Types of Cases That Qualify for Raleigh Lawsuit Loans
We provide funding for so many different types of personal injury cases that the below list is just a few of the most common:
- Medical malpractice
- Product liability
- Motor vehicle accidents
- Workers’ comp
- Animal attacks and dog bites
- Slip and fall
Overall, we encourage every personal injury victim to apply for free using our online application. Our team reviews each and every application submitted thoroughly. As we detailed before, we have a 94% acceptance rate for our lawsuit loans, which means there’s a very good chance we can fund your legal battle and help you win your case. We’ve funded many different types of cases and hope we can support yours as well. For more information on the types of cases we fund, reach out to us online or by phone at (866) 388-2288.
What Interest Rates Do You Offer on Your Loans?
Most loans come with some type of interest attached to them. Some loan companies make their customers pay exorbitant interest rates, however. This leaves little money for you after the end of your legal battle. In some cases, we’ve seen interest rates as high as 60%, which we think are far too high to ever ask of a person involved in a lawsuit.
That’s why we offer our loan customers fair interest rates on our Raleigh lawsuit loans, only shifting our rates to reflect the reality of your legal case. Our interest rates are affected by various details of your legal battle, including:
- Overall strength of case
- Expected compensation (i.e., total damages paid)
- Estimated length of case
Since interest rates depend highly on the details of your specific lawsuit, we can’t give you an estimate until you apply for your loan. For more information on how we calculate interest rates for our lawsuit loans in Raleigh, visit our detailed interest rate page. We’re confident that we can offer you the best interest rate and loan amount for your legal battle, helping you cover expenses and win your case.
Fight Back Against the Insurance Companies
Insurance companies will drag out your personal injury lawsuit in the hopes of getting you to settle for less. While you’re injured, your financial obligations may continue to mount until the pressure becomes too much. This makes you more likely to settle quickly on the insurance company’s terms rather than your own.
The result is a settlement far below the actual value of your damages. You can hold out for a better settlement and stay in the fight using a lawsuit loan in Raleigh. Don’t ever find yourself in a position where you have to settle for less. Get the money you need today so you can win the settlement you rightfully deserve.
Apply for a Pre-Settlement Loan in Raleigh Today
Tribeca’s Raleigh lawsuit loans are intended to help our customers cover major legal expenses and win in court. We offer fair interest rates and loan amounts, making repayment an easy and stress-free process. And remember, no money is owed back in the unfortunate situation that you lose your case. We only get paid back when you win. Furthermore, there is no cost or obligation for applying!
After applying and obtaining approval for your Raleigh lawsuit loan, we can have money in your pocket in as little as 24 to 48 hours. It all starts with filling out our free application. Or if you require more information, call us today at (866) 388-2288. We provide North Carolina lawsuit loans near you.