Personal injury lawsuit cases can take years to settle. Meanwhile, the party who has suffered injuries may have unusually high medical bills, be off work, and even be disabled.
If this has happened to you, you may be wondering how to deal with mounting debt, while trying to heal from your injuries. A lawsuit loan can help. There are many lawsuit loan companies out there, but how do you know which is the best for you?
Tribeca Lawsuit Loans is a fairly new company that offers lawsuit loans similar to those offered by Silver Dollar Financial. Let’s see how they compare.
A Summary of Tribeca Lawsuit Loans
While Tribeca Capital Group, LLC incorporated in 2017, it didn’t start its lawsuit loan business, under the name Tribeca Lawsuit Loans, until early 2019. The business is registered in Verona, NJ, although its website claims to be headquartered in Los Angeles.
Like Silver Dollar Financial, Tribeca offers a lawsuit loan based on what it determines your case settlement may be worth. Each offers non-recourse funding which means if you do not win your case, your loan is forgiven. You will not owe the initial amount of the loan or interest unless you win.
When any lawsuit loan company offers a non-recourse loan, it is taking a gamble. You can bet they have well-trained, experienced agents to determine the chances of your winning your case.
Does Tribeca Lawsuit Loans have Honest Reviews?
Tribeca has 230 reviews on Trustpilot. That number of reviews for a young company is impressive, although their reviews have slacked off in the past year. When you look deeper, within the last 12 months, 47 of their reviews came in response to personal, manual invitations. Fourteen of the 61 during that same time were organic.
Only eight of Tribeca’s Trustpilot reviews are negative, six coming within the past year. Five of those were flagged by Tribeca leaving only one still online in which the reviewer called the company “Vulture Culture.” Unlike Silver Dollar Financial which has an “A” rating with the Better Business Bureau (BBB), Tribeca is not BBB-accredited.
One individual filed a complaint with the BBB claiming the company, “Deceived customers . . . Lied about cost of loans . . . Lied about time to receive funds Weeks to broker loans rather than hours as represented . . . Lied about company No offices, attorneys or accountants on staff as represented to consumers.”
Silver Dollar does not have any complaints on file with the BBB. On Google, Tribeca has 14 reviews and a 4.9-star rating. Silver Dollar Financial rates five stars, although through fewer reviews.
What Types of Loans Does Tribeca Lawsuit Loans Offer?
Both Tribeca and Silver Dollar Financial offer lawsuit loans, also known as pre-settlement funding. Silver Dollar Financial also offers inheritance or estate loans to its customers.
Tribeca may offer a client up to $1 million. Silver Dollar limits its loans to $100,000. While we aren’t here to judge how you handle your finances, a lower cap will help to assure you come out with funds from your settlement to help you into the future. If you owe the lender $1 million, you may have nothing left by the time you finally win your case.
To Whom Does Tribeca Offer Loans?
Neither Tribeca nor Silver Dollar Financial offers loans in the traditional manner that banks might. Banks depend on credit scores, tax records, employment history, and collateral to decide whether to offer a loan and how much.
Most lawsuit lenders don’t want any of that. They want to predetermine whether you are going to win your case. If they believe you will, they will offer you funds.
When you contact a lawsuit lender they will want your general contact information, and the name and number of your attorney. By applying for the loan, you are permitting your lawyer to share the facts of your case with the lender.
Tribeca and Silver Dollar Financial both offer lawsuit loans in personal injury cases such as:
- Car accident cases
- Bicycle accident cases
- Bus accident cases
- Workers’ compensation or employment disputes
- Medical malpractice
- Medical device problems or malfunctions
- Pharmaceutical drug cases
- Slip and fall accident cases
Most anything within the realm of a personal injury lawsuit can be eligible for a lawsuit loan.
How Quickly Could You be Approved and Receive Funding?
While lawsuit loan companies function in similar ways, there are subtle differences that may be of importance to you. One is how long it takes to approve your loan. Another is how fast you can receive financing.
Tribeca Lawsuit Loans boasts it can get you financing in as little as 24 hours. With Silver Dollar Financial, we also strive to get your funds into your bank account within a day.
We know time is important to you. Silver Dollar Financial also works quickly to get your loan approved, often within a day, depending upon the time of day you make your request and the availability of your attorney.
What are the Differences Between Tribeca Lawsuit Loans and Silver Dollar Financial?
The two companies have similarities and some differences. Tribeca and Silver Dollar Financial both offer:
- Ease of application – unlike traditional lenders there are no credit checks, no unearthing your financial records, and we don’t care where you are employed.
- Non-recourse funding – if in the end, you do not win your case, you will owe neither Silver Dollar Financial nor Tribeca anything. That is the basis of a non-recourse loan.
- Personal injury lawsuit funding – both companies offer to fund almost any lawsuit that falls under the umbrella of personal injury cases.
What Sets Silver Dollar Financial Apart
Here’s where we differ:
- Quick approval – while Silver Dollar Financial states we will get your approval within a day or two – Tribeca does not state how long your approval will take. Both companies do say that once approved, you should receive your funding within 24 hours.
- Funding cap – Tribeca states it will offer up to $1 million in loan funding. Silver Dollar Financial will lend a maximum of $100,000 per case. That cap is important as it allows for you to have a more positive financial outcome once a settlement is reached.
- Accreditation by the Better Business Bureau – Silver Dollar Financial is approved and accredited by the Better Business Bureau with an “A” rating. Tribeca Lawsuit Loans is not accredited with the BBB.
Silver Dollar Financial Can Help You Pay Your Bills Today
Silver Dollar Financial has the staff and resources to get you the funding you need fast. Our agents are fully trained and experienced in researching lawsuits and offering you financing when we think you have a winning case.
Why not apply with us here on our website. Or, if you have further questions, feel free to contact us. We are here for you!