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 case 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 navigate the finances of your lawsuit. Tribeca Lawsuit Loans makes it easy for you to stay afloat without going into debt during your legal journey. Simply call (866) 388-2288 or complete our easy, online contact form.
What Is a 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 is different. A lawsuit loan, often called pre-settlement funding or legal funding, bets that you will win your case.
This means that you get the financial support for your legal battle assuming that you will win your lawsuit. It is a non-recourse loan, which is better makes safer than other types of recourse loans.
What Is a Non-Recourse Loan?
A non-recourse loan is a better option than a 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 the creditors can take your assets or wages to fulfill a debt. If you have a recourse-type loan, the creditor can sue you for any remaining balance.
A non-recourse loan, like the legal funding we provide, cannot do any of those things. A creditor of a non-recourse loan cannot go after your assets, wages and cannot sue you personally for the remaining balance of the debt.
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)
Why It’s Important That We Talk with Your Lawyer
Our staff is professional 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 that you cannot pay back, which puts you further into debt. Our team wants to offer the right amount to help you in your situation without the danger of putting you further into debt.
How Do I Payback Pre-Settlement Funding in Austin?
After speaking with you and your attorney, we will assess the amount of the funding with interest. When you win your lawsuit, your attorney will receive a check. We will get a portion of that check, your attorney will take any remaining fees, and you will get the remainder.
The 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.
Get Started with Your Austin Pre-Settlement Funding Today
Start your pre-settlement funding today. 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.