Providence legal funding can transform your legal fight for your settlement, giving you the financial ability to outlast the defense’s pressure tactics. In many instances, they’ll try to stall talks in the hopes of dragging them out and forcing you to settle for a lesser amount.
Legal funding can level the playing field for plaintiffs, especially if you’re up against a well-funded defendant. Find out if a lawsuit loan in Providence is the right option as you move forward through your settlement negotiations or litigation.
What Are Providence Lawsuit Loans?
Lawsuit loans, also known as pre-settlement funding or simply legal funding, is a type of financing available to those waiting on lawsuits. You could be waiting for months, or potentially even years, to receive money from your settlement. In the end, you could be forced to accept a lower award than you could potentially win simply because you can’t afford to keep fighting.
Settlement loans offer a financial lifeline to many plaintiffs who are facing lengthy legal battles. A lawsuit loan allows you to borrow against your future settlement, with the expectation that you will repay it once you win. Even though a lawsuit loan is still technically a loan, it carries no risks to the borrower and doesn’t need to be repaid if you lose your case.
Credit cards or personal loans, which require repayment whether you win your case or not, present substantial risk to those who are borrowing on them to finance a lawsuit. They also carry high interest rates and a lengthy application process. With a lawsuit loan, you can breathe easier knowing you take on no risk from your loan.
What Types of Cases Are Covered By Providence Lawsuit Loans?
Providence lawsuit loans can be used to cover a wide range of cases, including the following:
- Car accident
- Personal injury
- Premises liability
- Defective device
- Medical malpractice
- Jones Act
- Employment dispute
If you’re waiting on a settlement, then it’s likely that you’ll be able to obtain a lawsuit loan for it. Even though your particular case may not be listed here, you could still qualify for pre-settlement funding in Providence. Get in touch with us to find out what types of funding is available for your case.
How Can a Lawsuit Loan in Providence Help You?
Lawsuits are expensive, and most people just don’t have the money to fight one for an extended period of time. This is especially true if you’ve suffered significant financial damages from the event that led to your lawsuit. A loss of income can be especially straining, as can high medical bills and other debts you might have incurred.
Providence lawsuit loans can give you cash that you can use to handle any expenses you might face during your case. Plaintiffs often use pre-settlement funding to pay for the following:
- Medical bills
- Rent or mortgage payments
- Unpaid debts
- Childcare expenses
- Groceries, gas, or utilities
You can spend your lawsuit funding however you wish – there are no limitations on how you can use it. Once you receive the money, you’re free to spend it however you wish with no strings attached.
With fewer financial worries, your lawyer will also have more time to build a stronger case on your behalf. This added runway can be critical to helping you win the maximum settlement possible from your lawsuit.
What Are the Requirements to Obtain Providence Lawsuit Loans?
Unlike personal loans, credit cards, or second mortgages, it’s very easy to obtain a Providence lawsuit loan. However, you still need to meet the following conditions to qualify:
- You have a pending settlement or lawsuit
- You’ve retained a contingency-based lawyer
- Your lawyer approves of receiving legal funding in Providence
Yes, lawsuit loans really are that easy to get if you have a pending lawsuit. As a lawsuit loan is nonrecourse debt, a legal funding company doesn’t need to verify your credit or employment to determine if you qualify for Providence pre-settlement funding. The only factors they will look at are whether your lawyer approves of being paid this way and how likely you are to win your case.
How Long Does It Take to Get a Providence Lawsuit Loan?
Providence legal funding companies typically make the process of applying for a lawsuit loan simple. A reputable company will have a fast application process that takes just minutes to complete. With a company like this, you could get money in your account within a day or two at most. If you apply on a weekend, you can expect your money to take a little longer to arrive.
Check and see how much time you can expect to wait to receive your legal funding if you’re trying to apply quickly. You can compare between companies and pick the one that best suits your financial needs. However, be sure that you’re getting the best deal for your money and aren’t being taken advantage of if you need it now.
How Much Does a Providence Lawsuit Loan Cost?
Without knowing the specifics of your lawsuit, we’re unable to give you an estimate as to how much your Providence lawsuit loan could cost. However, a reputable legal funding company will charge a low, simple interest rate, sometimes as little as 1-3%. Legal funding in Providence for riskier cases typically costs more than it does for those where it seems you’re sure to win.
Regardless of what lender you choose, you should avoid settlement loans that carry high or compounding interest rates. Even a low compound interest rate could grow your debt significantly, especially in cases that last for a long time. You could end up paying most, if not all, of your settlement back by the time you win your case.
The good news is that regardless of what you owe on paper, you’ll never be held liable for any amount greater than your settlement is worth. This makes lawsuit loans risk-free in a way like no otter financing option available to you.
Apply For a Providence Lawsuit Loan Today
Tribeca Lawsuit Loans can provide you with up to $1 million in Providence lawsuit loans within 24 hours of the approval of your application. We process applications within just a few hours to help our clients better fight for their full settlement. We serve clients across the United States and are well-capitalized, allowing us to fully support your case.
We know how hard it can be to carry on your fight for justice when you have to worry about paying your bills. We can help to alleviate that pressure so you can proceed with a clear mind toward the justice you deserve. Contact us today and we can help you obtain the legal funding you need to keep up your legal fight.