Seeking legal counsel is the first step in your journey to finding justice, but that doesn’t ensure a speedy resolution. The timeline of a lawsuit from start to finish can be anywhere between several months to several years. The litigation process is costly, from legal costs to the financial impact of the actions that lead to your claim.
A lawsuit loan in Austin can help you remain solvent while you pursue your lawsuit. Tribeca Lawsuit Loans makes it easy to stay afloat without going into debt during your legal journey. Simply call (866) 388-2288 or complete our easy, online application form.
What is an Austin Lawsuit Loan?
Choosing to accept a loan is a hard decision. You must consider whether you can repay the loan in a timely fashion. Typical loans are credit cards, student loans, or personal bank loans. A lawsuit loan in Austin is different. A lawsuit loan, often called pre-settlement funding or legal funding, bets that you will win your case, and it provides the money to help you do so.
This means that you get the financial support for your legal battle assuming that you will win your lawsuit. Your future compensation is the collateral for the Austin lawsuit loan. It is a non-recourse loan, which makes it far safer than conventional loans.
What is a Non-Recourse Loan?
A non-recourse loan, like an Austin settlement loan, is a far better option than a typical recourse loan for one big reason:
- You are not personally liable for the debt.
Credit cards, mortgages, and personal loans can be examples of recourse loans. A recourse loan means that creditors can take your assets or wages to fulfill a debt if you don’t make your payments. If you have a recourse-type loan, the creditor can sue you for any remaining balance.
A non-recourse loan, like legal funding in Austin, cannot do any of those things. Instead, a non-recourse loan strictly regulates what money can be used to repay the loan. Your collateral, in this case, the settlement for your lawsuit, is the sole source of funds that can be used to repay the debt.
Because we will never see a cent of your personal finances, we don’t pry into your private financial information. Our Austin lawsuit loan application involves no credit check and no income verification.
The lender of a non-recourse loan has no recourse to go after your assets or wages and cannot sue you personally for the remaining balance of the debt. In fact, if you lose your lawsuit and don’t get a settlement, you won’t owe us a penny!
A lawsuit loan in Austin can allow you to pay your bills, ease your financial stress, and afford to wait for the settlement your attorney is negotiating. Best of all, it can also help you to get better compensation!
How Austin Settlement Loans Can Get You a Better Settlement!
You knew that filing a lawsuit could be challenging, but you didn’t expect it to be such a long, hard slog. Sure, the courts are backed up, but how can the process drag on so long? Turns out, the defense attorney and insurance company are being paid to slow the settlement negotiations as much as they can!
The opposition is so eager to delay because they are using your financial stress against you. They hope your mounting bills will force you to accept a mere fraction of the compensation they owe you so that you can get some money now. It is an ugly practice that is both legal and highly effective. Many plaintiffs wind up settling for just 35% – 40% of the value of their lawsuit because they cannot afford to hold out any longer.
With a pre-settlement loan in Austin, you can dip into your future settlement to pay today’s bills while waiting for the total compensation package your lawyer is negotiating. And, since Tribeca is invested in the successful outcome of your lawsuit, we may provide additional case funding to pay litigation expenses, like expert witnesses to help strengthen your case.
What Cases Can Be Funded by an Austin Lawsuit Loan?
At Tribeca, we have experience providing legal funding for a broad array of personal injury cases, including:
- Car Accidents
- Slip and falls
- Medical malpractice
- Product liability
- Employment law violations
- Commercial litigation
- Sexual Abuse
- Civil rights
And many more.
How Do I Apply for Legal Funding in Austin?
Our legal funding has a sophisticated yet straightforward three-step process for applicants:
- You apply for pre-settlement funding.
- We review your application, including discussions with your attorney.
- You receive cash in your bank account, which can happen within 24 hours from approval.
Here is some of the basic information we look for when you start your application with us:
- The name of your attorney or law firm
- The predicted value of your case and eventual settlement
- How long you expect your lawsuit to last
- The type of case you have (i.e., the area of law)
With this information and a consultation with your attorney, we can craft a pre-settlement loan in Austin to best meet your needs.
Why We Must Talk with Your Lawyer
Our staff is professionally trained to assess your situation, but we choose to discuss your case with your legal team because they know best about your situation. Even though you are a strong advocate for yourself, your attorney is a legal professional who has critical insights into the potential outcome of your case.
A predatory loan company could provide you with big loans with compound interest, which puts you further into debt. Our team wants to offer the right amount in an Austin lawsuit loan to help you in your situation without the danger of putting you further into debt. And, to ensure you keep as much of your future settlement as possible, we charge only simple, non-compounding interest rates.
How Do I Payback Pre-Settlement Funding in Austin?
After speaking with you and your attorney, we will assess the amount of funding we can provide in an Austin lawsuit loan with interest. When you win your lawsuit, your attorney will receive a check for the full amount of your compensation. We will get a portion of that check, your attorney will take their fees, and you will get the remainder.
The Austin lawsuit loan is paid back without any hassle. And, if you do not win your case, then we do not ask for our money back.
Applying for Austin Pre-Settlement Funding is FREE!
Start your Austin settlement loan application today. Our online application is simple and quick. We accept applications day and night. If you have any questions or concerns about the process, feel free to reach out to one of our team members by calling us at (866) 388-2288 to speak with our professional staff about how litigation funding can help you today.
Let us help you to get the compensation you deserve.