WFiling a lawsuit and waiting for a settlement or verdict can be a time-consuming and expensive process. It may take anywhere from months to even years before money is actually awarded. Of course, in the meantime, expenses continue to build up. 

A lawsuit advance, sometimes called pre-settlement funding, allows plaintiffs to access some portion of the expected settlement or award before the case settles. Tribeca Lawsuit Loans offers lawsuit advances to help plaintiffs move on with their lives and pay for necessary expenses while waiting for the complicated legal process to conclude. 

How a Lawsuit Advance Works
A lawsuit advance involves a company advancing money before a court award or settlement. Most companies require documentation such as medical information and other details from an attorney about the case. If you win your case, the amount advanced with interest charges is returned to the company. If the case is not settled in your favor, no money will be owed. In the simplest terms, a lawsuit advance company buys your right to some of the settlement or court award in exchange for an advance while the case remains pending. 

Because lending companies take a risk as you will not need to pay back the advance if you do not win your case, not all cases will qualify for a lawsuit advance. 

Should You Consider a Lawsuit Advance?
No matter how seriously you have been injured, life will go on and financial pressures will mount. You may be unable to work and facing medical bills in addition to mortgage and debt payments, utilities, and other costs of living. 

If you are still recovering, have lost your job, or you are facing other serious financial needs while you wait for your case to end, a lawsuit advance can help you relieve the financial stress and begin to put your life back together. The proceeds of the advance can be used to cover living expenses, debt payments, and medical bills while you wait for a settlement. Pre-settlement funding may even give you more time to negotiate a better settlement to take care of your future medical expenses, lost wages, and other needs. 

There are no upfront costs to take out a lawsuit advance and you will only pay fees if you win your case. This can give you the financial freedom to move forward with your claim without the pressure of unpaid bills and mounting expenses. If you are waiting for money from a settlement, contact Tribeca Lawsuit Loans to apply for pre-settlement