Lawsuit loans (or legal funding) help plaintiffs get the money they need to cover their present expenses. Don’t settle for less than you are owed or feel crushed by financial pressures. With a lawsuit cash advance, your attorney has the time to negotiate a fair compensation package.
Financial assistance like this has many benefits, including being safer than a traditional loan. Legal funding is non-recourse, so your personal bank account is never a source for repayment. Instead, you pay back your Vermont lawsuit loan out of your eventual settlement or jury award.
Vermont Pre-Settlement Funding Requirements
To get a lawsuit loan in Vermont, you’ll need to meet some eligibility requirements. However, applying with us is always free, so you should submit an application if you think you qualify.
You’ll need to have a case type that we fund, which includes most civil lawsuits like:
- Most personal injury cases (including car accidents)
- Product liability claims
- Employment and labor law violations
- Whistleblower lawsuits
- Medical malpractice
- Defective drugs cases
You also must be the plaintiff in your case. You pay your pre-settlement funding back out of your compensation package, so you must stand to receive compensation at the end of the lawsuit in order to be eligible.
Finally, we also require clients to be represented by an attorney or law firm. This is primarily because we work with your lawyer during repayment, allowing you and your family to be free from the hassle of monthly payments. Instead, your attorney simply writes us a check when they receive the compensation package and the repayment process is finished!
How Does Personal Injury Law Affect Vermont Lawsuit Loans?
Many of the lawsuits we fund fall under the broad legal category of personal injury. These are very much affected by laws in Vermont that restrict how long you have to file a claim (the statute of limitations) and how blame for the incident changes compensation (negligence issues).
For example, Vermont Statute 12 V.S.A. §1036 lays out two key ways in which the money you receive in a personal injury lawsuit is affected by how much blame you share for the incident:
- You cannot receive any compensation if you are more than 50% responsible.
- Your percentage of blame is used to reduce your total compensation.
Our underwriting team will examine the details of your case in order to determine whether and how much legal funding we can provide you. This includes checking to ensure that your lawsuit is within the statute of limitations, evaluating the strength of your evidence, assessing how much compensation you stand to receive, and additional factors.
If you live in Vermont but your case is being litigated out of state, we may still be able to offer you settlement loans. Simply contact us online or speak with one of our live agents to find out if we’ll still be able to cover you.
How Many Vermont Lawsuit Loans Can You Get?
We are able to provide clients with up to $1 million in legal funding for Vermont lawsuits. When we provide funding, we always try to take your whole future into account so that you get what you need for the duration of your case.
In some cases, however, the details of your claim might change. New damages, additional evidence, or other factors can come into play that could make it possible for you to get another Vermont lawsuit loan. Just like with your first request for funding, you can simply apply online. You can also speak with our team to discuss the specifics of your updated needs.
Apply Today for Vermont Legal Funding
If you have a lawsuit in Vermont and need cash now, lawsuit lending may be the answer you’re looking for. You don’t have to repay us if you lose your lawsuit, and repayment never comes from your bank account, so you and your family are never left worse off than before your case.
Fill out the application form for a lawsuit loan in Vermont by clicking the Apply Now button at the top of the page. With help from Tribeca Lawsuit Loans, you can meet your needs while your attorney works for the compensation you are owed.
Vermont Lawsuit Loans – Frequently Asked Questions
What is a lawsuit loan in Vermont?
A Vermont lawsuit loan gives a plaintiff the opportunity to access instant money based on the eventual payout of their lawsuit. Because of the long, drawn-out nature of many trials in the U.S., lawsuit loans ensure financial stability in a time when expenses can pile up, putting pressure on a plaintiff to settle early. The eventual settlement acts as collateral for the loan, giving the plaintiff access to the money they require now.
Why is my lawyer taking so long to settle my case?
Unfortunately, many lawsuits take a long time to settle. This is likely not your attorney’s fault, though, as there can be many reasons why the two sides can’t come to a settlement. Oftentimes, insurance companies and defense attorneys intentionally drag out settlement proceedings in order to put financial pressure on plaintiffs in the hopes of forcing them to settle for less.
A Vermont lawsuit loan is a way to avoid being forced to settle by this tactic. With the cash from a lawsuit loan in Vermont, you’ll be able to hold out for the settlement you deserve.
Are pre-settlement loans in Vermont safe?
Lawsuit loans in Vermont are very safe ways to borrow money. Because these loans fall into the category of “non-recourse” loans, borrowers are not personally liable for paying back these loans. The only way to pay them back is the agreed-upon collateral for the loan. For more information, consult the IRS website.
The collateral for this loan is the settlement money at the end of the case. As soon as your lawsuit has reached its conclusion, the settlement will be used to pay back the lawsuit loan in Vermont, plus interest. After that, the attorney will take their fee and pass the remaining sum onto you.
How much does it cost to apply for Vermont lawsuit loans?
Applying for lawsuit loans in Vermont is completely free. We will never charge you to apply, and there is no obligation if you do. Any reputable lender will always be free to apply to and honest about any extra fees and costs.
Not only are Tribeca lawsuit loans free to apply for, but we also offer fair, non-compounding interest rates. We want you to understand how much you’ll owe when you pay back your loan. To get started, apply for free today.
Do I need an attorney to get a lawsuit loan in Vermont?
An attorney is required in order to qualify for a Vermont lawsuit loan. One reason for this is your chances of winning the ongoing lawsuit. Having an attorney greatly increases your chances of winning a settlement, thus improving the situation for both the borrower and lender. Also, your attorney will act as the intermediary for the loan, paying back the lawsuit loan in the case of a settlement, taking out their fee, and then passing on the rest of the money to you.