Lawsuit Settlement Loans For Injured Plaintiffs
TriMark is one of America’s foremost lawsuit loan companies. We provide pre-settlement loans and settled case funding to injured plaintiffs nationwide.
Get Help Fast: It’s Free & Easy To Qualify
At TriMark Legal Funding, we provide pre-settlement and post-settlement lawsuit funding advances to plaintiffs involved in pending and settled legal claims, often in 24 hours or less.
No Compensation Until Settlement or Verdict
When you are injured in an accident, you may need to file a lawsuit to recover damages for lost wages, medical bills, or other harm resulting from your injuries. However, even if your lawsuit is successful, you will not receive any financial compensation until the case settles or concludes after a verdict.
Trials Often Take Longer Than Expected
Plaintiffs are often surprised at how long a trial can take. Model standards proposed by theNational Center for State Courtssuggested that 90% of general civil cases should take up to a year from start to finish. However, these standards are only guidelines. In reality, many civil cases are not resolved until 12-18 months after they are filed. Procedural rules, extended discovery periods, and scheduling conflicts can all cause delays.
“Plaintiffs may face financial difficulties during long trials since they can’t collect damages until the case is settled or a verdict has been reached.”
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What is aLawsuit Loan?
Despite the name, a lawsuit loan is not a traditional loan at all. It is a cash advance provided by a funding company based on the expected settlement from a pending lawsuit. When you apply for a lawsuit cash advance, the funding company evaluates your case and provides a certain amount of money to you based on their estimated value of your legal claim. One of the most attractive features about lawsuit loans is that if you do not win your lawsuit, you do not have to repay the money that you received from the funding company.
“If you do not win your lawsuit, you do not have to repay the lawsuit loan you received from the funding company.”
Job or Income Loss
Plaintiffs who have been injured in an accident or involved in a workplace dispute often lose their jobs and the ability to earn money for themselves.
Need for Longer Recovery Time
While your lawsuit is pending, work may be difficult due to lingering injuries. A lawsuit loan gives you time to receive the medical treatment you need and recover from your injuries rather than rushing back to work too soon.
Need to Get Better Settlement
Lawsuit loans give you the time and flexibility so your attorney can negotiate a fair settlement.
Inability to Access Other Sources of Funding
Traditional loans and credit cards all involve a credit score check and good credit scores. This can be problematic for people who have fallen behind on their bills, causing their credit scores to take a hit. There may also be application fees and lots of paperwork to fill out. With a lawsuit loan, you can qualify regardless of your credit score, and the application process is fast, free, and easy.
Compounding Financial Problems
Mortgage or rent, utility bills, car payments, medical bills, and all your other expenses have to be paid whether or not you have received your settlement. Getting behind on your financial obligations can have a snowball effect and lead to serious consequences like foreclosures, evictions, vehicle repossessions, and even bankruptcy. Lawsuit loans can help you avoid these undesirable outcomes.
Can You Get a Lawsuit Loan for aPersonal Injury Case?
Personal injury cases are one of the most common types of general civil litigation. Personal injury lawsuits can arise from awide variety of situationsincluding car accidents, slip-and-fall incidents, dog bites, assault and battery, and medical malpractice cases.
To recover damages, a plaintiff must first file the lawsuit. In order to qualify for a lawsuit loan, you must be represented by a contingent fee attorney. The attorney will file the lawsuit on your behalf in state or federal court depending on your claims.
Once the case is filed, it triggers a series of procedural rules and deadlines. However, these deadlines may be adjusted due to scheduling problems or other issues, causing the case to take longer. According tosurvey data, only 21% of personal injury cases are resolved within one month of the case being filed. Another 27% are resolved within six months of the filing date. However, the remaining 52% of cases take up to a year or more before a settlement or verdict is reached.
As the cases drag on, some of the plaintiffs involved in these cases may lose their jobs due to their injuries or may need extra money to pay for medical care or past bills. However, they will not receive damages unless they receive a favorable settlement. A pre-settlement loan allows these plaintiffs to gain advance access to their future settlement or award to solve their current financial problems.
How Do You Apply for aLawsuit Cash Advance?
Plaintiffs in complex legal cases already have a lot on their plate. You may already know a lawsuit loan could help you, but don’t know how to get started. TriMark Legal Funding specializes in helping personal injury victims. Getting a lawsuit loan is a simple 3-step process:
1. Start the Application Process
Contact TriMark to get started with your application. You can apply easily online or by phone. At TriMark, before we fund a case, we evaluate the pending lawsuit and determine a possible settlement range. Applying is quick, easy, and free, and you are under no obligation to accept the funding proposal.
2. Review Funding Proposals from Lawsuit Loan Companies with Your Attorney
Next, your dedicated TriMark representative will work with your attorney to review your case. If you qualify, we will provide documentation regarding your funding offer. We recommend that you review this documentation with your attorney to make sure you understand the terms of the agreement and we are available to answer any questions you have.
3. Accept the Proposal and Pursue Your Case
Once you accept our funding proposal, your lawsuit cash advance can be available in as little as 24 hours. At TriMark, once the funding has been provided, we have no further involvement in the case until it is settled or a verdict is rendered. During that time, you and your lawyer control your case and settlement negotiations.
“After your loan is funded, the funding company has no control over how your lawsuit is managed.”
What Case Types are Eligible forLawsuit Loans?
Lawsuit loan companies often offer settlement funding for these types of legal claims:
- Personal Injury: Claims arising fromcar accidents, slip-and-falls, medical malpractice, product liability, toxic exposure, sexual abuse, and wrongful death.
- Workplace Injury: Workers’ comp lawsuits, railroad-related work accidents, maritime accidents, andconstruction accidents.
- Employment claims: Cases for sexual harassment,employment discrimination, hostile work environment, whistleblower protection, workplace retaliation, and wrongful termination.
These are just some of the types of cases that may be eligible. TriMark funds almostevery typeof litigation including medical malpractice and premises liability cases. If you are unsure if your case qualifies, contact us.
