Low-Interest Settlement Loans in Texas
Legal funding is available for those with pending lawsuits. It’s immediate financial assistance to help you settle bills, pay expenses, and ensure you’re not tied into settling for meager compensation. But what is a pre settlement loan? Read more below.
What is a Settlement Loan?
A settlement loan is a cash advance from your future lawsuit compensation. The borrower pays the presettlement funding back when the case is won. There are many ways for borrowers to use their settlement loans. They could direct the presettlement loans towards medical treatment, insurance, car downpayment, etc.
Qualify for Settlement Funding Today
Lawsuit funding firms know that time is of the essence with personal injury cases. Most states have a two-year statute of limitations. Therefore, you need to file your complaint within those two years. Failure to do so may mean losing your case.
Once you file your personal injury case and have a legal representative, you can apply for settlement funding. Every personal injury plaintiff in Texas qualifies for lawsuit loans. The list grows by the day. If unsure, just call our hotline to see if you qualify for settlement loans. Some cases we offer lawsuit funding for are as follows:
- Wrongful death
- Labor law violations
- Hernia Mesh
- Sexual Abuse
- Traffic accidents, etc
Are Settlement Loans Safe?
The best thing about a settlement loan is that it’s risk-free. There is no risk to the borrower, only to the presettlement funding firm. The Internal Revenue Service (IRS) stipulates that borrowers are not personally liable. Therefore, there‘s no fear of losing your assets when you don’t win the case. This is true even when you apply for multiple settlement loans. Furthermore, the more the case develops, the higher your chances of getting another settlement loan if you choose to.
What to Watch Out for with Lawsuit Funding
Interest rates are astronomical with lawsuit loans. Hence, finding and picking a pre-settlement funding firm with the lowest rates is essential. The rates make lawsuit loans expensive. Other pre settlement funding firms have between 27% to 60% annual interest rates! Thus, read the fine print or ask questions before signing any lawsuit loan contract.
Apply for Pre settlement Funding at High Rise Financial.
High Rise Financial offers settlement loans in almost all states in the US. With a lawsuit loan, you have the financial capacity to keep your legal battle on the fairgrounds. Expenses, bills, and other things do not haunt you. Know your options about your settlement loan and see how we can help. We have also developed a seamless lawsuit loan application process at High Rise. Thus, our clients get their settlement loan as fast as 24 hours. Check out the online application today.