Texas Car Accident Loans

  • Get Cash as Soon as the Same Business Day
  • Rates as Low as 2.5% Simple, Monthly
  • Repay $0 if You Lose Your Case

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    Pre-Settlement Funding for Car Accidents in Texas

    Car accident loans, also known as pre-settlement loans, are special types of financial assistance for individuals who have pending car accident claims. This type of funding is designed to help plaintiffs cover immediate needs and expenses while their case is still in progress – essentially providing a lifeline during a stressful period.

    The term ‘loan’ can be a little misleading as these funds do not function like traditional loans. One key difference is that they are non-recourse advances. What does that mean? Well, non-recourse simply means that the repayment of the advanced funds depends entirely on the outcome of your case. If you win your lawsuit or reach a verdict in your favor – fantastic! The loan is payable from your settlement. However, if for some reason you do not win your case, you won’t be obliged to pay back the loan.

    For example, let’s consider a situation where someone involved in a car accident is unable to work due to injury. The bills are piling up and the strain of financial stress is added to the already existing physical pain. He or she could apply for a car accident loan. This advance would provide much-needed finance to cover living expenses while waiting for their case to be resolved. It’s an invaluable resource in tough times, potentially saving plaintiffs from financial despair.

    How Lawsuit Loans Work

    Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.

    Telephone Icon - Starting the process is easy, just apply online or call toll free

    Apply Online or Call Toll-Free

    Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.

    Review Icon - We quickly review your legal case.

    We Review Your Case

    Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.

    Money Bag Icon - Once we approve your case, you and your attorney sign the contract and you get cash the same day

    You Receive Funds

    You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.

    Key Information About Car Accident Loans in Texas

    This section gives an overview of some important stats about car accident loans in Texas. The details include the average loan amount provided, the highest loan disbursed by LawsuitLoans.io, and more relevant information.

    Average car accident loan amount by LawsuitLoans.io in Texas $9,400.29
    Largest car accident loan by LawsuitLoans.io in Texas $100,500.00
    Average interest rate in Texas 21.3%
    Median personal injury verdict in Texas $12,281.00
    Texas statute of limitations 2 Years; Civ. Prac. & Rem Code Title 2 Ch. 16 Section 16.003
    Texas fault laws Texas is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.

    Get an Instant Quote

    Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.

    Advance Amount:

    Months Until Settlement:

    $2,900

    Total Cost

    Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    $1,697

    Your Savings

    Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    33%

    Percent Savings

    Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

    Apply Now

    Am I Eligible for a Car Accident Loan in Texas?

    Getting involved in a car accident can be stressful and financially draining. But, did you know that if you’ve had a car accident in Texas, you might be eligible for a lawsuit loan? This loan is provided to plaintiffs who are awaiting the settlement of their cases.

    There are several criteria you need to meet to be eligible for this kind of funding. The first is that you must have a valid legal claim. This claim could be against an insurance company or a self-insured company. In other words, someone else has to be at fault for the accident, and legally responsible for the damage caused.

    The second main criterion is that you must have hired an attorney to represent you on a contingency basis. This means that your attorney agrees to be paid their fees only if they win the case for you. They take a percentage of your settlement or judgment as their fee.

    Last but not least, you need to be 18 years old. This is because minors cannot legally enter into a contract under Texas law.

    If you fit these criteria, then congratulations! You might be one step closer to securing a loan to cover your costs while waiting for your case to settle.

    Roadway Accident Cases we Fund in Texas

    Here at LawsuitLoans.io, we understand the stress and hardship that can come with any type of roadway accident. We’re here to provide financial assistance for almost any kind of roadway accident in Texas. Here are just a few examples:

    • Bicycle Accident Loans: We fund cases involving bicycle accidents. You don’t have to struggle financially while recovering from such event.
    • Car Accident Loans: Accidents involving cars can lead to severe injuries. We provide funding to help victims during the legal process.
    • Commercial Vehicle Accident Loans: These involve accidents with vehicles used for business purposes. We can help you cope financially as your case unfolds.
    • Government Vehicle Accident Loans: Accidents involving government vehicles can be complex. While you wait for your claim resolution, we can provide relief with funding.
    • Motorcycle Accident Loans: Motorcycle accident victims may qualify for our pre-settlement funding. You can focus on healing while we handle the financial burden.
    • Pedestrian Accident Loans: If you’re a pedestrian injured in an accident, we can fund your claim to ease your financial worries.
    • Rideshare Accident Loans: Were you involved in a rideshare accident? Our funding solutions can help you manage financially during this tough time.
    • Semi-Truck Accident Loans: Dealing with semi-truck accidents can be a long process. We offer funding options to help get through such cases.

    Get Started

    Apply today and get funds in as little as 24 hours!

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    How Much Money Can I Get From my Car Accident Pre-settlement Loan?

    Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We are able to advance up to a maximum of 25% of your expected portion of the settlement if your case is currently in progress. For cases that have settled, we can offer 50% of your expected portion of the settlement.

    Let’s look at an example. Consider a plaintiff residing in Texas who is involved in a car accident case with an estimated value of $50,000. The case is still progressing and won’t settle for a while. Generally, medical providers receive around 1/3 of the settlement, and the attorney gets another 1/3 of the settlement. As a result, the plaintiff would receive around $17,000. Based on our policy, we can advance approximately 25% of that amount which equates to $4,250.

    Major Cities we Serve in Texas

    At LawsuitLoans.io, we are proud to extend our services to clients nationwide. In the Lone Star State of Texas, we reach out to a multitude of cities, providing pre-settlement funding for personal injury and other legal claims. Here is a list of the top 10 cities we serve in Texas, ordered by population size:

    1. Houston
    2. San Antonio
    3. Dallas
    4. Austin
    5. Fort Worth
    6. El Paso
    7. Arlington
    8. Corpus Christi
    9. Plano
    10. Laredo

    It’s important to note that these are just a few of the cities we serve. If you are a resident of Texas, or any other state, and need litigation funding, do not hesitate to reach out. Contact us at (800) 340-4973 or use our online funding application. We are here to support you through your legal journey.

    Get $500 – $500,000 in as Little as a Single Business Day!

    We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.

    Apply Now

    Cities we Service in Texas

    LawsuitLoans.io provides funding throughout Texas. See more about our funding in Texas by visiting the city pages below:

    Other Cases we Fund in Texas

    LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Texas. Read more about the personal injury cases we fund in Texas here:

    Read more about the roadway accident claims we fund in Texas here:

    Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

    Apply Now

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