At Provident Lawsuit Loans, we offer fast and risk-free pre-settlement funding in New York for victims of personal injury lawsuits looking for immediate financial relief.
We offer some of the lowest interest rates in the industry for lawsuit loans and if you lose your case you don’t have to pay back your loan.
With Provident, you can access anywhere from $500 to $500,000 in lawsuit loans, giving you the financial breathing room you need to fight for the compensation you deserve. Don’t let insurance companies pressure you into settling for less – empower yourself with our fast, flexible funding options.
Why Choose Provident for Your New York Lawsuit Loan?
- Lightning-Fast Approval: Get funds in as little as 24 hours after approval.
- Risk-Free and Non-Recourse: If you don’t win, you don’t pay.
- No Credit Checks: Your case merit is all that matters.
- Flexible Use of Funds: Use the money however you need.
- Flat Interest Rate: No compound interest, ever.
Our clients rave about our service, with countless positive reviews and testimonials. But don’t just take their word for it – experience the Provident difference for yourself.
Ready to explore your options? Call us at (800) 908-6860 or apply online now to see how we can help you secure your financial future while you fight for justice
What does a Lawsuit Loan mean for you?
Pre-settlement funding, also known as lawsuit loans or personal injury loans, provides immediate financial relief while you await your settlement. As a victim of someone else’s negligence, you shouldn’t have to suffer financially while seeking justice.
In New York, the legal process can be lengthy and complex. Insurance companies often exploit this, hoping financial pressure will force you to accept a lowball offer. With a lawsuit loan from Provident, you level the playing field, giving your attorney the time needed to negotiate a fair settlement.
Eligibility for New York Lawsuit Loans
To qualify for pre-settlement funding in New York, you must:
- Have an ongoing lawsuit or legal claim
- Be represented by an attorney
- Be at least 18 years old
We fund a wide range of cases, including:
- Personal injury claims
- Car accidents
- Slip and fall incidents
- Medical malpractice
- Employment disputes
- Product liability cases
Don’t see your case type listed? Contact us – we may still be able to help!
The Application Process: Quick and Hassle-Free
Applying for a lawsuit loan with Provident is simple:
- Fill out our online application or call us directly.
- We’ll review your case details with your attorney.
- If approved, receive funds in as little as 24 hours.
No credit checks, no income verification, no hassle. We focus solely on the merits of your case.
How Much Can You Borrow in NY?
Provident offers New York lawsuit loans ranging from $500 to $500,000. The exact amount depends on various factors, including:
- The strength of your case
- Estimated settlement value
- Projected timeline for resolution
Remember, our funding is non-recourse, meaning you only repay if you win your case. It’s truly risk-free financing when you need it most.
What Can you Use a Lawsuit Loan for?
Once approved, you have complete freedom in how you use your funds. Common uses include:
- Paying rent or mortgage
- Covering medical expenses
- Handling day-to-day living costs
- Repairing damaged property
- Replacing lost wages
Don’t let financial stress force you into a premature settlement. With Provident’s support, you can focus on your recovery and legal case without the burden of immediate financial pressures.
Repaying Your New York Lawsuit Loan
Repayment is straightforward and stress-free:
- You only repay if you win your case.
- Repayment comes directly from your settlement.
- Your attorney handles the repayment process.
We use a flat interest rate, ensuring transparency and fairness. No hidden fees, no compound interest – just simple, honest funding when you need it most.
Finding a Reputable Lawsuit Loan Company in New York
When seeking pre-settlement funding, consider these factors:
- Transparency: Look for clear terms and no hidden fees.
- Interest Rates: Opt for flat rates over compound interest.
- Reputation: Check reviews and industry standing.
- Speed: Fast approval and funding are crucial.
- Customer Service: Choose a company that prioritizes your needs.
Provident Lawsuit Loans excels in all these areas according to our happy client testimonials, making us a top choice for New York victims seeking financial relief.
New York-Specific Lawsuit Loan Laws
New York has specific laws governing lawsuit loans:
- Non-recourse funding is legally recognized.
- There’s no cap on interest rates for lawsuit loans.
- Attorneys are allowed to provide advice on funding agreements.
Latest form July 2024: A New York court ruled that litigation funding loans, typically undiscoverable in personal injury cases, can be subject to discovery if they are relevant to specific claims, such as anti-SLAPP counterclaims or allegations of fraudulent accidents.
How NY’s “No-Fault” laws work
Regarding car accidents, New York is a no-fault state. This means that after a car accident, each person’s own insurance company pays for their medical expenses and lost wages, regardless of who was at fault for the accident. This system is designed to ensure quick payment of claims and reduce litigation.
Despite being a no-fault state, lawsuit loans (also called pre-settlement funding or litigation funding) are still available in New York, including for car accident claims. Here’s how it works
- No-fault coverage has limits: While minor injuries are typically covered by no-fault insurance, more serious injuries that exceed certain thresholds can still result in lawsuits against the at-fault party
- Lawsuits outside no-fault: If injuries meet New York’s “serious injury” threshold, a victim can step outside the no-fault system and sue the at-fault driver for additional damages, including pain and suffering.
- Lawsuit loans for car accident claims: In cases where a lawsuit is filed (typically for serious injuries), a plaintiff can potentially obtain a lawsuit loan. These loans are advances against the expected settlement or verdict.
Rest assured, Provident complies with all New York regulations, ensuring a safe and legal funding process.
Pros and Cons of Lawsuit Lending
Lawsuit loans offer several benefits to plaintiffs, providing immediate financial relief during lengthy legal proceedings. They require no credit checks and carry no repayment risk if the case is lost, allowing plaintiffs to potentially negotiate better settlements.
However, these advantages come with trade-offs. The loans typically have higher interest rates than traditional loans, which can significantly reduce the final settlement amount. The terms can be complex, and the industry isn’t uniformly regulated across all states.
While lawsuit loans can be a valuable lifeline for those facing financial strain during a legal battle, it’s crucial to carefully consider both the advantages and potential drawbacks, ideally in consultation with your attorney, before making a decision.
Cities We Serve in New York
Provident Lawsuit Loans proudly serves victims throughout New York, including:
| New York City | Buffalo |
| Rochester | Yonkers |
| Syracuse | Albany |
| New Rochelle | Mount Vernon |
| Schenectady | Utica |
Don’t see your city? No worries – we serve the entire state!
Apply for a New York Lawsuit Loan Today with Tribeca Lawsuit Loans
Ready to take the next step? Apply now for your New York lawsuit loan and experience the Provident difference. Our friendly team is standing by to answer your questions and guide you through the process. Remember, with Provident, if you don’t win, you don’t pay – it’s that simple.
Call us at (800) 908-6860 or apply online now to see how we can help you secure your financial future while you fight for justice
Frequently Asked Questions
At Provident, we pride ourselves on speed. Most applications are processed within 24-48 hours, and once approved, you can receive funds as quickly as the same day.
No. Our lawsuit loans are non-recourse, meaning if you don’t win your case, you owe us nothing. We assume all the risk, giving you peace of mind during your legal battle.
Yes, it’s possible to receive additional funding as your case progresses. However, we evaluate each request carefully to ensure it’s in your best interest.
Our flat interest rate means you’ll never be surprised by ballooning debt. Unlike compound interest, which can grow exponentially, our simple interest structure keeps your costs predictable and manageable.
No, your lawsuit loan does not affect the legal proceedings of your case. It’s simply a financial transaction between you and Provident, allowing you to meet your financial needs while your case progresses.