Texas Legal Funding

According to the Texas Department of Transportation’s statistics on crashes and injuries in 2019, there were 439,388 total crashes, comprising 139,598 possible injuries. A serious traffic collision can leave the accident victims with huge medical bills and other expenses. 

Although you can recover damages by filing for a personal injury claim, the legal process is usually stressful and overwhelming. But acquiring legal funds in Texas can provide you with the financial stability you need while pursuing your injury claims.

What Is a Settlement Loan in Texas?

A settlement loan is a non-recourse cash advance that you get depending on the potential value of your personal injury claims. The “collateral” for the loan is your potential settlement, not your personal assets. By obtaining a pre settlement loan, you will only pay back your loan when you win your legal case.

Eligibility for Settlement Loans

Eligibility for legal funding in Texas is based on the strength and potential value of your case. We do not perform a credit check or income validation to approve your application. Our experts will receive relevant information from you and contact your attorney to discuss your case.

If you need a pre-settlement loan, contact us today to discuss your pre-settlement funding options. Your personal credit history or finances do not impact your eligibility for funding. The quality of your case and whether or not your lawyer approves of third-party funding are the only factors we will consider when weighing your approval.

Legal Funding We Offer in Texas

We offer pre-settlement funding and other risk-free pre settlement loans to Texas accident victims and their families. We offer settlement loans for the following types of cases:

• Personal injury lawsuits
• Premises liability lawsuits
• Auto accident lawsuits
• Medical malpractice lawsuits
• Product liability claims

What’s more, our pre-settlement funding can offer the legal funding you need to meet your basic needs and financial obligations. We also offer alternatives that get you the immediate funds you need to pay your medical bills, rent, utilities, food, and settle monthly expenses. With our settlement loan, you may not need to apply for a regular lawsuit loan.

Is Pre-Settlement Funding Legal in Texas?

In short, yes, pre-settlement legal funding is legal in Texas. The practice of third-parties funding lawsuits is known as champerty and maintenance and is legal in Texas and 16 other states.

The landmark 2006 case Anglo Dutch Petroleum International Inc. v. Haskell established that Texas does not maintain legal provisions against third-party legal funding. Texas courts found that this funding actually constitutes an investment and not a loan since there is no “absolute obligation” of repayment.

How Is Pre-Settlement Funding Regulated in Texas?

There are few specific regulations impacting pre-settlement legal funding in Texas. However, your ability to use it will be constrained by Texas’ laws and regulations for filing a lawsuit. You’ll have only two years to file a claim in most cases before the statute of limitations on them expires. 

Texas also uses a modified comparative fault and a 51% fault threshold, which can lead to a lower settlement if you’re found to be partially at-fault.

Get Pre-Settlement Funding in Texas

In case you want to apply for lawsuit funding in Texas, it is important to work with a reliable legal funding company. We understand the challenges personal injury victims go through. Hence, we offer the best service possible to our esteemed clients.

Our legal funding experts will help you with the following:

• Provide you access to affordable and risk-free legal funding in Texas.
• Process your pre-settlement funding application efficiently and ensure that it is approved within 24 hours.
• Guide you through the entire application from start to finish.
• Offer absolute honesty, fairness, and transparency without any hidden fees or charges.
• Treat you right and help you understand your available options.

Contact High Rise Financial Today

If you have any questions about our legal funding options in Texas, do not hesitate to contact High Rise Financial. We’re available to discuss your needs and help you understand your available options. Call us today to apply for a pre settlement loan and achieve financial stability as you fight for your justice.