TriMark is one of America’s original legal funding companies. We’ve been providing low cost settlement funding to seriously injured plaintiffs since 2003.
Legal Funding: The “Ace Up Your Sleeve”
At Trimark Legal Funding, we provide fast, discreet financial relief to people who have been seriously injured and are awaiting the conclusion of their legal proceedings.
Our mission is to help you navigate the complexities of the legal system without worrying about the financial burdens that frequently accompany drawn-out legal battles.
Legal funding, also known as lawsuit funding or litigation financing, is a process through which plaintiffs receive one or more cash advances on their anticipated future lawsuit settlement or court award.
This type of funding allows you to have access to the funds you need to cover vehicle repairs, medical expenses, everyday living costs, and other financial obligations while your case is ongoing. With legal funding, you can level the playing field and ensure that your case receives the attention and resources it deserves.
Plaintiff Funding
Plaintiffs have a number of legal funding options available, and they are referred to by a variety of different names.
Lawsuit Funding | Lawsuit Loans | Settlement Loans |
Pre Settlement Funding | Pre Settlement Funding Buyout | Post Settlement Funding |
Inheritance Funding For Heirs & Beneficiaries
Heirs and beneficiaries who are in line to receive an inheritance can receive advance funding on their inherited money, before probate is closed.
Litigation Finance For Attorneys & Law Firms
TriMark offers financing options for individual attorneys, as well as small to medium-sized law firms nationwide.
At TriMark Legal Funding, we understand that legal proceedings can be costly and time-consuming. That’s why we offer a range of legal funding solutions tailored to your individual needs. Whether you are involved in a personal injury lawsuit, medical malpractice claim, or class action suit, our team of experts is here to provide you with the financial support you need to see your case through to its rightful conclusion.
Benefits of Legal Funding:
- Financial Stability: Legal funding provides you with the financial stability you need to cover expenses such as medical bills, living costs, and legal fees while your case is pending. It ensures that you can focus on fighting for justice without the stress of financial uncertainty.
- Level the Playing Field: Lawsuits are often long and drawn out battles, and the opposing party may have deeper pockets to fund their legal defense. Legal funding helps level the playing field, allowing you to hire experienced attorneys, gather evidence, and present a strong case.
- Non-Recourse Advances: Our legal funding solutions are non-recourse, which means that you only repay the advance if you win your case. There is no risk of personal liability or repayment if you do not succeed.
- Quick, Hassle-Free Process: We understand the urgency of your situation, which is why our legal funding process is quick and hassle-free. Our team of experts will guide you through the application process, ensuring that you receive the funds you need as soon as possible.
- Peace of Mind: Legal proceedings can be emotionally draining. With legal funding, you can have peace of mind knowing that your financial needs are taken care of, allowing you to focus on what matters most – building a strong case.
TriMark Legal Funding is committed to providing you with the support and financial resources you need during these challenging times. Our friendly and knowledgeable team is here to answer any questions you may have and guide you through the legal funding process.
Legal Funding Is A Cash Advance, Not A Loan
Legal funding has existed since the late 1990s.
Since then, there has been an ongoing debate about whether legal funding constitutes a loan, such as a bank would make, or if it is something else entirely.
There have been numerous legal opinions written on the topic
Fundamental Differences
Loans
Legal Funding
Application Evaluation
CREDIT-BASED
Banks conduct credit checks before issuing a loan and base their rate on a consumer’s credit score.
Individuals with low or no credit pay high rates or cannot qualify for loans.
CASE-BASED
The funder examines the victim’s case and based on the merits of the case, approves or denies the application. No credit check is conducted and the decision is not based on a consumer’s creditworthiness.
Credit Impact
YES
Inability to repay can severely damage a consumer’s credit history, impairing their ability to access credit in the future.
NO
Consumer legal funding has no negative impact on a consumer’s creditworthiness.
Repayment Requirements
MANDATORY
Repayment is mandatory. Collateral is typically required from the consumer taking out the loan, and banks can go after their paycheck and house in the event of nonpayment.
CONTINGENT
Repayment is contingent. It is only required if the consumer’s case is successful. If their case fails, they do not have to repay. No collateral is required.
Courts and legal experts around the country have recognized these fundamental differences. From New York to Georgia, courts have affirmed that consumer legal funding is not a loan and is not subject to laws regulating loans.
This chart originally appears here.
Don’t let financial constraints hold you back from pursuing justice. Contact us today for a confidential consultation and take the first step towards securing the legal funding you deserve.
Trimark Legal Funding is a trusted and reputable company that provides legal funding to plaintiffs in need. They assist clients throughout the United States who are involved in personal injury lawsuits, commercial litigation, and workers’ compensation cases.
While still in its relative infancy, legal funding is quickly gaining popularity not only among plaintiffs but also among the attorneys and law firms who represent them.
How Legal Funding Got Popular
Since time immemorial, insurance adjusters have only ever had two real tactical advantages to use as leverage during settlement negotiations with injured plaintiffs. Money and time.
And all too often, they weaponized both to compel acceptance of unacceptably low settlement offers. It’s an abuse that goes as far back in history as one cares to research.
Litigation financing, as legal funding is often called, can change all that.
The result is a leveled playing field and balanced negotiations where both sides operate from an “all things being equal” perspective.
How to Qualify for Legal Funding
When you apply for settlement funding, we will gather and review information pertinent to your case.
Here are the basic criteria to qualify and be approved for legal funding:
- You need to have a strong case and there must be a reasonable belief that it will be resolved in your favor.
This means the defendant has either accepted liability or your attorney must be able to prove conclusively that the defendant was negligent and that their negligence is what caused your injuries. - You must be represented by a contingent fee attorney.
This means your attorney has agreed to represent you and pay all case expenses and will only be paid if they win or settle your case. Cases with pro bono (free) and pre se (self) representation are ineligible. - The defendant must be sufficiently insured to pay damages after the case is settled.
It doesn’t matter if the defendant is rich or owns lots of assets; if they are not insured, the case is ineligible for lawsuit funding. There must be an insurance company that, after the case is resolved, is going to cut a check to the plaintiff.
If you satisfy the above criteria, the underwriter will then consider the following:
Your Damages:
- This is the combined total of all the physical, emotional, and financial losses you incurred as a result of the defendant’s negligence. Reimbursement for medical bills and lost wages and compensation for pain and suffering are common examples of damages.
A key point with damages is that there must be proof you sustained significant injury. Your injuries don’t have to be catastrophic or life-threatening, but they do need to be significant. Scuffs, swelling, abrasions, bruising, headaches, ‘loss of consortium’, and the like, by themselves, will not qualify for funding.
Adequate Room For Investment:
- We take the estimated gross recovery and subtract attorney fees, case costs, medical expenses, buyouts for prior legal funding, and any other known or expected liens and deductions to arrive at the estimated net award.
Depending on whether a client needs pre settlement funding or post settlement funding, we use the estimated or actual net award to determine the maximum amount we can invest in a case:
❇️ Pending Cases: We can fund up to 20% of the anticipated net award
❇️ Settled Cases: We can fund up to 50% of the actual net award
You can request any amount you need; just be aware that we can not exceed the maximum.
Attorney Cooperation:
- Your attorney must be willing to participate. They will provide all of the information and documentation about your case. They must also acknowledge that they will repay the legal funding company out of the settlement proceeds after the case is resolved successfully.
Benefits of Legal Funding For Plaintiffs
Missed work and disrupted finances are two of the most common side effects of being seriously injured, and they can cause delinquent bills and late payments. These, in turn, cause unhappy creditors, evictions, repossessions, foreclosures, and bad credit.
Before legal funding became a thing, injured plaintiffs had few financial options to avoid destroying their credit after an accident. Most had to rely on their own savings or help from their families to relieve financial hardships.
Traditional bank loans, home equity loans, and credit cards were commonly used to make ends meet while cases were pending. Of course, utilizing personal credit is not without its drawbacks.
Settlement funding can help plaintiffs stabilize their finances, minimize or eliminate the need to use personal credit lines, and avoid bad credit until their settlement is finalized.
It also provides numerous benefits, including:
- No credit checks. Your credit score is not a qualifying factor and lawsuit funding is not reported on your credit reports. Conversely, personal credit lines typically require good credit and are reported as debt liabilities on credit reports.
- No win/No pay. You only repay a lawsuit cash advance after your case has been resolved successfully. This means either a negotiated settlement or a jury verdict in your favor. If you lose your case, you are under no obligation to repay the money.
- Gives you time and breathing room. If you’re stressed out and anxious because you’re coming up short on your financial obligations, settlement funding may be the answer. Legal funding can enable you to pay bills while providing the time your attorney needs to negotiate the compensation you deserve. It can also help you avoid accepting a less-than-fair settlement offer just because of your financial situation.
- You decide how to use the money. It’s your money so you can use it however you see fit. This might include getting caught up on past-due bills, paying rent or mortgage, insurance, car payments, medical procedures or copays, or basic living expenses like groceries and utilities.
Legal Funding Can Help Attorneys Too
In addition to helping the plaintiff, legal funding can provide substantial benefits to attorneys. These include:
- Relieving Pressure: Attorneys must often choose between doing what is necessary to obtain the best long-term settlement for a client and helping that same client resolve immediate financial problems. Legal funding can help with both. It can alleviate much of that pressure by allowing attorneys the time to develop the strongest case possible, while enabling clients to retain positive control of their finances and not feel pressured to take an early settlement.
- No Subordination of Attorney Fees: Legal funding liens are always subordinate to attorney fees.
- No Interference: We do not interfere with case management in any way and attorneys can continue handling the case as they normally would.
- More Time To Do What You Do Best: When you aren’t distracted by clients in financial crisis, you can focus your full attention and resources into achieving the best outcome for your clients.
How The Legal Funding Process Works
How legal funding works is super-simple:
First, you complete an application
- You can do that online or if you prefer, give us a call at (877) 932-2628 and we’ll take your information right over the phone. And if you don’t feel like doing that either, fill out the contact request below and we’ll call you back.
Next, we gather case info and talk to your attorney
- We’ll contact your attorney for case-related information. An underwriter will review and (hopefully) approve your application. A funding agreement is sent to you and your attorney via DocuSign.
We send you cash
- We can wire your money directly into your checking account. Or if you prefer, it can be sent FedEx Overnight or MoneyGram. You are then free to use the money for living expenses, medical bills, or however else you choose.
Repayment
- After your case is resolved successfully, the defendant’s insurance company will send the settlement check to your attorney. From it, your attorney will deduct attorney fees, case costs, medical liens, and the cash advance. Then they will cut you a check for everything that’s left.
Can Legal Funding Work For You?
As long as their cases meet certain criteria, plaintiffs who are involved in personal injury lawsuits, employment litigation, and even some state workers compensation claims can apply for legal funding while their cases are either pending or after they have been settled.
Plaintiffs can pursue this option if they need some quick cash to help cover daily costs or expenses associated with their injuries. Seriously or catastrophically injured plaintiffs can also request a customized recurring disbursement program that will ensure their monthly expenditures are covered as they are incurred.
Unlike traditional loans where credit checks and collateral are required, legal funding is a ready source of cash that plaintiffs can tap into.
Plaintiffs can use legal funding to reduce stress, regain positive control over their finances, and give their attorneys more time to negotiate the maximum compensation their cases deserve.
Are You Already Pre-Qualified For Legal Funding?
Seriously Injured
Were you injured in an accident due to the negligence of another person or company?
Have An Attorney
Have you retained, and are being represented by, a contingent fee attorney?
Clear Liability
Can your lawyer prove fault (liability) against a sufficiently insured defendant?
Can you answer yes to all 3? If you can, your case pre-qualifies to apply for a pre-settlement lawsuit loan.
And after you’re approved, you could receive your cash in as quickly as 2-3 hours!
Plaintiff-Focused Legal Funding
Personal injury lawsuits usually take a long time to settle. The national average is between six months and three years.
But it’s easy to fall behind financially when you’re hurt, can’t return to work, and are out of money.
If it’s happening to you, a lawsuit cash advance from TriMark Legal Funding could help you turn things around.
Legal Funding Available on Hundreds of Case Types
In addition to settlement advances for all types of motor vehicle accidents and personal injury lawsuits, we provide employment lawsuit loans, workplace injury and workers comp settlement loans, and even civil rights legal funding.
We also provide personal loans, business finance solutions, inheritance loans, law firm financing options, and post-settlement funding for attorneys with settled cases waiting to receive their earned fees.
If you’ve been seriously injured due to the negligence of another person or company, are having trouble making ends meet, and need money now, TriMark Legal Funding can help.
Does Your Case Qualify For Legal Funding?
The bare minimum requirements to be considered for a settlement advance are simple. You must:
- Have significant injuries due to someone else’s negligence
- Be represented by a contingent fee attorney who can show clear liability against a sufficiently insured defendant
And after you’re approved, you could receive cash as quickly as the same day you apply.
If you’re behind on bills and need to get caught up today, let TriMark lend our expertise and support to make things easier for you during this difficult time.
Legal funding is a risk-free cash advance that provides immediate financial relief to injured plaintiffs nationwide.
What Is Legal Funding?
Plaintiff legal funding is referred to by a variety of interchangeable names like pre settlement loans, lawsuit loans, lawsuit funding, post settlement funding, legal loans, and litigation finance, just to mention a few.
Despite what people might call it, however, it is important to note that legal funding is not a loan.
Instead, legal funding is a non-recourse lawsuit cash advance against a portion of the future anticipated value of a plaintiff’s lawsuit settlement.
Rather than credit scores, legal funding approval is based almost entirely on the strengths and merits of the underlying legal claim.
To pre-qualify, there are only a few “must-haves”:
❇️ You must have significant injuries
❇️ Your claim must be represented by a contingent-fee attorney
❇️ There must be clear liability against a sufficiently insured defendant
❇️ You cannot be at fault for your injuries
There are no credit checks, no employment or income requirements, and no monthly payments either.
The best part about non-recourse legal funding is that you don’t have to repay the advance unless, and until, your case is resolved successfully by either a settlement or jury verdict in your favor.
Legal Funding: Born Out of Necessity
Plaintiffs seeking fair compensation for their injuries have always faced an uphill battle. What’s worse is that many insurers have earned a well-deserved reputation for exploiting the financial circumstances of injury victims.
Delay, deception, and other dirty tricks are often used to force premature claims settlements. Regardless of tactics, the goal is always the same; compel vulnerable and financially-compromised claimants into accepting less-than-fair compensation for their injuries.
- 9 Ways To Avoid Getting Duped By Insurance Company Settlement Tactics
- Everything You Wanted To Know About Litigation Finance
In response to decades of abuse, the foundational idea behind plaintiff lawsuit funding was, and still is, simple and well-intentioned:
“Legal funding is intended to help plaintiffs negotiate from a position of strength, rather than from a position of vulnerability or desperation.“
This is frequently called “leveling the playing field”.
TriMark Legal Funding is here to give you a helping hand, right when you need it the most.
Why Wait? Get Fast Pre-Settlement Funding Now!
Apply For Legal Funding Now
Are you ready to take charge of your finances and start putting your life back on the right track?
TriMark Legal Funding has helped thousands of people in situations similar to yours, and we are excited to help you too.
It’s free to apply, it only takes about one minute, and there is no obligation.
Best of all, you could receive your money in as little as 1 hour after you’re approved. And approvals can happen so fast that if you apply now, you could receive the cash you need as quickly as tomorrow.
You can complete our brief application online, or if you prefer, you can call us at (877) 932-2628, and one of our friendly legal funding experts will be happy to answer your questions and take your application right over the phone.
So What Are You Waiting For?
Lawsuit funding from TriMark is just pure financial help, right when you need it most.
When you choose TriMark Legal Funding, you’re in excellent hands, and we always have your back.