Lawsuits can take a very long time to resolve. In the meantime, bills must be paid. If one finds themselves out of work and unable to pay for food, rent and other life expenses, taking a settlement advance could be the right decision to take. These advances are typically not considered loans; if one loses a lawsuit, the institution who gave you the advance does not need to be repaid. Additionally, these advances can be obtained within days of signing a contract for them. Tribeca Lawsuit Loans can assist in securing these funds.
Lawsuit advances are funds paid to you from the future hope that you will win your case. If you win your lawsuit, then you will use part of the money that you won to pay back the institution that paid you your advance. The limit on your advance is typically 15 to 20 percent of the expected sum that you will receive if you win your case. In order to get an advance, one has to contact a credible institution who handles these types of transactions. They will request information about your case and form a contract with you quickly if you are eligible. The interest rates can be a little high because of the risk that the institution takes in lending you money that you could potentially be freed from repaying.
Tribeca Lawsuit Loans can assist you in securing these advances quickly. Many states offer protection laws that help both the lender and borrower. These laws keep both parties safe, but not all states have such laws. It is important to reference your state and local ordinances to see how obtaining an advance can impact your litigation. Since attorneys are not allowed to give you advances or conduct business transactions for ethical concerns, getting a lawsuit advance could be the only option to keep up on mortgage payments and other similar expenses.
Since it is free to fill out an application, inquiries into lawsuit advances won’t be determinantal. The decision about offering you an advance is made as soon as you fill out the inquiry. These advances will not affect your credit score. Additionally, your credit score will not be taken into account in determining if you are eligible. Tribeca Lawsuit Loans only requires a free application to get the process started in quickly giving you your lawsuit advance.