Lawsuit funding in San Angelo eases financial burden and helps you pay medical bills, legal fees, and daily living expenses such as gas, mortgage/rent, etc.
Pre settlement loans aren’t new in Texas. A day doesn’t go by without traffic accidents in the state. With personal injury cases pouring in, victims need financial backing to get their deserved compensation.
Lawsuit Loans in San Angelo Explained
A settlement funding is a non-recourse loan that repays rates and principal when the case is settled and won. Lawsuit loans in San Angelo don’t require collateral since you’re cashing in a portion of your future settlement. Therefore, you don’t need to put your assets on the line to get presettlement funding.
Texas has a two-year statute of limitation for personal injury claims. Failure to file your lawsuit within that time frame will invalidate your case, and you won’t be able to apply for pre settlement funding.
To apply for free, call (877) 735-0016
Who can apply for settlement loans?
There aren’t many requirements for presettlement funding. You must check two boxes: a strong case and a lawyer representing you. The legal funding specialists will talk to your lawyer about how solid your case is.
If the defendant doesn’t pay for the settlement, the lawsuit loan firms assume the risks. It’s an investment, and it’s only fitting that they evaluate every case that comes through their doors.
Unfortunately, it’s still not a 100% guarantee that you’d get a lawsuit loan approval right away. Often, plaintiffs have to apply at several firms before reaching a settlement loan.
Process for Settlement Loans
Some would choose not to file a claim because they lack the financial resources. By the time they decide, it’s already too late. Lawsuit loans in San Angelo are the buffer before you get the settlement once you’ve won the case.
High Rise Financial only has a three-step process for settlement loans.
- Apply. You can apply for a pre settlement funding online or over a call. It’s free, and it only takes minutes.
- Case Evaluation. Our lawsuit loan specialists will discuss your claim and the possible amount with your lawyer. You’ll be notified within 24 hours.
- Receive your settlement loan. Once approved and contracts are signed, the lawsuit loan money is available in hours.
Choose the Right Lawsuit Funding Firm
Finding an ethical, legal funding firm is necessary. The state is now home to several settlement loan companies that offer the same services and, often, similar low-interest rates. Here is a guide to help you pick the right pre settlement funding firm.
Responsive and easy to reach
A reputable lawsuit loan firm is quick to address concerns. However, with the many things you’d have to deal with, it’s only better to speak to another person on the line who will answer your concerns.
Transparent contracts and no hidden fees
Read the settlement loan contract before signing. Check for hidden and extra fees. Then, let your lawyer review the document for you.
Don’t go for the first firm immediately without checking whether the interest rate is compounding. You might pay more if the case takes longer to settle.
Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today to get settlement funding in San Angelo, Texas.