At Tribeca Law
Need to secure funds from your lawsuit? We can facilitate an advance ranging from $500 to $2,000,000 in cash, contingent on the value of your injury lawsuit case. We have garnered positive reviews and ratings from previous customers and have a broad presence throughout Rhode Island. We’re capable of providing you with a cash advance in as fast as 24 hours! Apply Now!
Our company’s lawsuit loans (also known as case loans or lawsuit funding) can be utilized for any expenses that occur while the plaintiff’s lawsuit (your lawsuit) is ongoing and prior to receiving your rightful compensation from a victorious trial verdict or settlement against the defendant. Many clients utilize the funds we disburse for them for medical bills, rent or mortgage payments, utility bills, or even daily necessities like food or transportation.
Secure your funding today! Reach out to our friendly and experienced team at (866) 388-2288 or connect with them using this quick online form if you have any inquiries or issues regarding the pre-settlement funding procedure. No credit check or proof of income is necessary for our lawsuit settlement loans since you don’t need to repay Tribeca Lawsuit Loans if you lose your case.
Three Steps To Your Cash Advance
Step 1: APPLY for Lawsuit funding in Rhode Island 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 Rhode Island
- Average Funding per Case by Tribeca Lawsuit Loans:
Tribeca can fund from $500 up to $2,000,000 depending on the case value.
- Fault Laws in Rhode Island Pure Comparative Fault:
Plaintiff’s negligence may be considered in his right to recovery under R.I.G.L. § 9-20-4.
- Statute of Limitations
23 years as per Title 9, Ch. 1, Sec. 9-1-14.
- Minimum Policy Limits for Bodily Injury & Property Damage:
Bodily injury liability: $25,000 per person and $50,000 per accident. Property damage liability: $25,000 per accident.
- Minimum UIM Auto Insurance Limits:
Liability limits are set at 25/50/25.
- Worker’s Compensation Information
Workers are eligible for compensation. All employers within Rhode Island must provide worker’s compensation insurance. This no-fault system compensates those injured on the job for medical bills, lost injuries, and permanent impairments resulting from their injuries. This includes both traumatic injuries and occupational diseases.
An important note is that anyone who has applied for a pre-settlement loan elsewhere cannot apply for an advance from Tribeca Lawsuit Loans for the same case.
Are Lawsuit Loans Legal in Rhode Island?
Yes. Lawsuit loans are legal in Rhode Island. Lawsuit loans are endorsed by state courts but are contingent upon the specifics of each case. Tribeca offers lawsuit funding in Rhode Island.
The principle of champerty will frequently be upheld by Rhode Island courts, which may put a financing agreement in jeopardy. However, there aren’t any restrictions or legislation that forbid financing in the state.
Rhode Island Lawsuit Loan Regulations
It’s legal to enter into a legal funding arrangement in Rhode Island. However, in 2015, legislators found that many companies were providing lawsuit loans at rates that would have been unacceptable for other forms of lending. To help protect consumers, the state enacted House Bill 5762, which officially includes lawsuit loans under anti-usury laws.
Tribeca Lawsuit Loans provides litigation funding in a wide variety of states, and we adhere to all industry best practices. That includes:
- Charging only simple interest rather than compound interest
- Providing non-recourse loans exclusively
- Never holding you personally liable for any loan-related debt
- Requiring NO REPAYMENT at all if you lose your lawsuit
Who Can Get a Rhode Island Lawsuit Loan?
It’s completely free to apply for pre-settlement funding from Tribeca Lawsuit Loans, so you should always submit an application to see whether we can help you. In general, you should qualify as long as you are the plaintiff/claimant in a lawsuit and stand to receive compensation at the conclusion of your case.
Some of the case types we’ve funded in the past include:
- Slip and fall accidents (premises liability)
- Defective product cases
- Medical malpractice claims
- Car accidents and other personal injury matters
- Business disputes (such as intellectual property lawsuits)
- Employment or labor law violations
Your Case Determines How Much You Receive as a Rhode Island Lawsuit Loan
One of the most common questions people ask is how much money they can expect, and what determines that amount. Our underwriters look at the details of your Rhode Island lawsuit when estimating how much funding we can provide.
Factors that have an impact on the amount of pre-settlement funding we can approve in your case include the expected duration of your lawsuit, how much you expect to receive as compensation, your total damages, and any issues related to fault or liability that may reduce the amount of compensation you receive.
How Rhode Island Lawsuit Loans Are Repaid
Since our funding is non-recourse, you never have to worry about repaying a lawsuit loan from your personal bank account. Instead, the agreed-upon repayment amount is taken directly from your eventual settlement or jury award, and you keep the rest!
Your attorney will receive a check for your compensation package and will write Tribeca a repayment check out of that amount. There are no monthly fees to worry about, no risk of default, and no need to repay us at all if you end up losing your claim. That’s why we say our Rhode Island lawsuit loans are risk-free for you.
Fill Out Our Free Rhode Island Lawsuit Loan Application Today
Ready to experience freedom from financial pressure? Apply for a Rhode Island lawsuit loan today so that your attorney can continue to fight for the compensation package you truly deserve.
Call the Tribeca Lawsuit Loans office at (866) 388-2288 if you’d like to speak with a member of our team about the lending process or if you need assistance with your application.
We offer lawsuit loans in the following locations:
How do I qualify for a lawsuit loan in Rhode Island?
In the event of an injury caused by another individual or entity, you immediately become eligible for pre-settlement funding in Rhode Island.
What is the civil lawsuit process typically like?
The process of securing pre-settlement funding or a lawsuit loan begins with the plaintiff, the party bringing forward the lawsuit against the defendant. They file a claim within a relevant jurisdiction — the court that has the legal authority to adjudicate their case. The claim specifies the actions leading to the lawsuit and details the injuries, or damages, for which they seek compensation from the defendant.
During this stage, pleadings are documented by both parties. These papers detail their respective stances and provide initial evidence backing their positions. Each party is represented by their chosen attorneys.
The litigation then moves into the discovery phase, a pre-trial period that allows each side to gather additional evidence from one another to fortify their case. The onus of proof generally rests with the plaintiff who must provide ample evidence to substantiate their case’s credibility.
The court case progresses to trial under a judge’s oversight and potentially a jury’s supervision too. This jury, made up of sworn-in individuals, is responsible for delivering a verdict based on all evidence provided during proceedings. The judge ensures accurate application of law during judgment procedures. Previous court rulings may also play an influential role in current decisions.
However, full trials aren’t always necessary as settlements are often agreed upon between plaintiffs and defendants before reaching verdict stages. If no settlement can be achieved or if any part is discontented with trial results, they may appeal to superior courts for reconsideration of lower court judgments.