Get Your Legal Funding with High Rise Financial Today
Texas faces a real crisis in terms of traffic accidents and deaths. Reports show that, on average, 11 people died every day due to traffic-related accidents last year. Consequently, personal injury cases increased as well. Victims find themselves fighting legal battles to get proper compensation.
However, personal injury cases take a long time to settle. Insurance companies often drag the case to pressure victims to settle for a lowball offer. Due to the piling bills and expenses, many are forced to accept offers less than deserved. Thus, the existence of lawsuit loans.
Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today at (866) 407-6404 to get settlement funding in Pearland, Texas.
What Are Lawsuit Loans?
Lawsuit loans are for victims waiting to receive a court award or future settlement. The pre settlement loan firm provides the cash advance. Borrowers can get their money within 24-hours once the lawsuit loan application is submitted, evaluated, and approved.
Pay for the settlement funding once the case is won and the court award is disbursed. But how do you know if you qualify for a lawsuit loan? Read more below.
Lawsuit Funding Eligibility
There are not many qualifications when applying for settlement loans. Residents in Texas with an ongoing personal injury lawsuit and have legal representation can apply. It is also available for the following cases:
- Wrongful death
- Employment discrimination
- Medical malpractice
How Much Settlement Loan Can I Receive
The answer depends on the pre settlement funding provider you’re going to apply to. On average, borrowers can borrow somewhere between 10% to 20% of the estimated future settlement. Therefore, if you expect to receive a $100,000 court award, your settlement loan limit is $20,000.
Lawsuit Loan vs Traditional Loan
Although termed a loan, a settlement loan is still different from a traditional loan. Traditional loans involve collateral. The creditor assumes ownership if the debt is not paid.
On the other hand, lawsuit loans don’t have collateral since the legal funding is based on the future judgment award. Since it’s a non-recourse loan, there’s no need to repay the lawsuit loan if the case is lost.
Pre Settlement Loans FAQs
A settlement loan is a new financing option. Here are frequently asked questions on legal funding.
When can I get my settlement loan?
Most pre settlement funding firms boast of their fast process, usually a 24-hour turnaround. You can expect to receive your fund hours after you submit your application.
Can I get more than one presettlement funding?
The answer is yes. You can apply for multiple loans granted that you haven’t borrowed the maximum amount yet. However, you can’t borrow from more than one settlement loan firm.
How does the state law affect my settlement loans?
Timing is critical in your personal injury claim. Texas has a two-year statute of limitations, meaning you won’t be able to apply for pre settlement funding.
Apply for a Lawsuit Funding
Are you pursuing a personal injury case and need financial funding? High Rise Financial offers settlement loans to personal injury plaintiffs in Pearland, Texas. We take pride in helping people get compensation.
Don’t settle for less. Inquire about our presettlement funding today.