Fort Worth, Texas Lawsuit Loans

What Are Lawsuit Loans in Fort Worth, Texas

A lawsuit loan, also known as pre-settlement funding, is a type of financial aid available to plaintiffs who are awaiting the settlement of their court cases. These loans act as advances on the potential future legal award or settlement amount. At LawsuitLoans.io, we offer lawsuit loans in Fort Worth, Texas and throughout the rest of the state.

Something unique about lawsuit loans is that they are non-recourse. This means that if the plaintiff doesn’t win their case, they don’t need to repay the loan. The loan is solely repaid from the settlement amount if and when it is awarded.

Let’s consider Ralph, a resident of Fort Worth, Texas. Following a slip and fall accident, Ralph filed a personal injury case. While he waits for his legal case to be resolved, he encounters financial struggles due to medical bills and lost wages. Fortunately, Ralph finds out about lawsuit loans and decides to apply for one with LawsuitLoans.io to help him through this difficult period.

Ralph’s lawsuit loan provides him with the necessary funds to cover his living expenses while his case is ongoing. Once his case is settled, a portion of the settlement goes towards repaying the lawsuit loan. Remember, if Ralph had not won his case, he would not be required to pay back the loan.

If you’re a plaintiff like Ralph in Texas interested in a lawsuit loan, you can visit our Texas Lawsuit Loans page for more information.

Important Texas Lawsuit Loan Information

Among various parts of the United States, the financial alternatives like lawsuit loans for the plaintiffs have different values and conditions. In this section, we will focus on Texas. Take a look at the below table for important lawsuit loan information in Texas provided by LawsuitLoans.io:

Common Case Types We Fund in Fort Worth

At LawsuitLoans.io, we provide funding for a variety of legal case types in Fort Worth. Here are some of the most common ones:

• Auto and Other Roadway Accidents: These are cases involving accidents on the road. This can include cars, motorcycles, trucks, or pedestrians.
• Premises Liability: These types of claims happen when someone gets hurt on another person’s property due to unsafe conditions. An example might be a slip and fall at a store.
• Medical Malpractice: This is when a healthcare provider harms a patient by not meeting the proper standards of care. Examples could include surgical errors or misdiagnosis.
• Labor Law Claims: These claims involve issues with employment laws covering workplace safety, pay, and rights.
• Employment Claims: Cases of wrongful termination, discrimination, or harassment at work fall under this category.
• Other Personal Injury Claims: We fund many other types of personal injury claims. Some examples are dog bites, product liability, or assault cases.

Am I Eligible for a Lawsuit Loan in Fort Worth?

If you are involved in a lawsuit, one question you may be asking is whether you are eligible for a lawsuit loan in Fort Worth. The eligibility requirements for lawsuit loans are straightforward. Here is a brief overview:

• Having a valid legal claim: To be eligible for a lawsuit loan, you need to have a valid legal claim against an insurance company, a self-insured company or a large public entity.
• Having an attorney: You also need to have an attorney who is handling your case. LawsuitLoans.io only provides funding to plaintiffs who are legally represented.
• Being at least 18 years old: You must be 18 years old or older to be considered for a lawsuit loan.

Do you check all the boxes? Great! Visit the LawsuitLoans.io funding application to get started with your application right now.

Our Fort Worth Lawsuit Loan Process

For those seeking financial aid while waiting for a legal case to settle, lawsuit loans are an effective solution. This section will briefly explain how lawsuit loans work. Mainly, the process involves five crucial steps.

1. Apply online: The first step is filling out an application on our website. Simply head over to the LawsuitLoans.io funding application page and complete the form.
2. We contact your law firm: After you’ve submitted your application, we reach out to your law firm for detailed insights about your ongoing case.
3. We review your case: Once we receive the necessary information, our experts review it thoroughly to determine if you qualify for a lawsuit loan.
4. You sign a contract: If your application is approved, you will be asked to sign a contract outlining the terms and conditions of the lawsuit loan.
5. You get funds: After signing the contract, the funds will be transferred to your bank account to help you with your living expenses and legal fees until your case gets resolved.

Now, let’s look at an example of obtaining a lawsuit loan. Say John Doe, a plaintiff with a personal injury claim, applies for a lawsuit loan with LawsuitLoans.io. After submitting his online application, our team contacts his law firm to better understand the specifics of his case. Impressed with the strength of his claim, we approve his application and prompt him to sign a contract laying out the repayment terms. Once he signs the contract, we deposit the funds to his bank account. This way, the financial strain of his everyday expenses and legal fees is eased, allowing John to focus mainly on his ongoing case.

How Much Money Can I Get From my Lawsuit Loan?

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

Let’s consider an example: suppose there is a Fort Worth plaintiff in a car accident case with an estimated value of $100,000. The case is still in progress and will not settle for some time. Medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement and the plaintiff gets around $35,000. In this case, LawsuitLoans.io can advance around 25% of that amount or $8,250.

How quickly can I get a pre-settlement lawsuit loan in Fort Worth?

As a plaintiff waiting for your legal case to resolve, time is of the essence. The good news is, applying for a pre-settlement lawsuit loan doesn’t have to take long. At LawsuitLoans.io, we understand that every moment counts, and we are committed to delivering an answer as quickly as possible.

As soon as your loan application is submitted, our team gets to work reviewing your case. We aim to process each application efficiently and make a decision within 24 hours. This means, if approved, you could receive your funds within a day.

Let’s illustrate this with an example. If John, from Fort Worth, has an ongoing personal injury case and he applies for a loan on Monday, his case could be reviewed and a decision made by Tuesday. And if approved, funds could be transferred to him within the week. It’s quick, simple and there to help when you need it most.

Pros and Cons of Pre-Settlement Funding in Fort Worth, Texas

Pre-settlement funding comes with a variety of benefits and drawbacks. Knowing both sides can help people make the best decision about using this service.

Benefits of Pre-Settlement Funding

One of the biggest advantages of pre-settlement funding is financial relief. For many plaintiffs in personal injury cases, the process can be long and financially draining. Instead of struggling to pay medical bills or support themselves and their families, they can obtain funds early through this type of pre-settlement funding.

In addition, pre-settlement funding provides early access to funds. This means that plaintiffs don’t have to settle their case early due to financial pressure. It allows them more time to negotiate a better settlement.

Another major benefit is the non-recourse nature of lawsuit loans. If a plaintiff loses their case, they don’t have to repay the loan. This is a unique feature compared to traditional loans.

Cons of Pre-Settlement Funding

Despite the many benefits, pre-settlement funding also has several drawbacks. The most notable of these is the high interest rates. These rates can be significantly higher than those of typical bank loans.

Moreover, the pre-settlement funding industry is typically unregulated or under-regulated. This means that consumers may not always be guaranteed fair treatment or full protection under law.

The last main drawback is the necessity for a well-developed case with an attorney working on a contingency basis. Without this, obtaining pre-settlement funding can be difficult.

Fort Worth Pre-Settlement Funding FAQs

How much does it cost to get a lawsuit loan?

The cost of obtaining a lawsuit loan from LawsuitLoans.io varies based on the specific details of your case. Generally, there are no upfront fees or hidden costs. The amount you repay is fully contingent upon the outcome of your case. If you don’t succeed in your lawsuit, you won’t have to repay anything.

Do I qualify for a lawsuit loan?

To qualify for a lawsuit loan from LawsuitLoans.io, you need to be involved in an ongoing legal case that has a strong possibility of being successful. Also, you must have a lawyer representing your case. LawsuitLoans.io works directly with your attorney to assess your eligible loan amount.

If you have bad credit, can you get pre-settlement funding in Texas?

Yes, you can! At LawsuitLoans.io, your credit score isn’t a factor in determining your eligibility or the amount of your pre-settlement funding in Texas. All that matters to us is the strength of your case. If you have a good law suit with favorable chances of success, you can be approved for funding even if you have a backdrop of bad credit.

Other Cities we Service in Texas

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

• Houston
• San Antonio
• Dallas
• Austin
• El Paso
• Arlington
• Corpus Christi
• Plano
• Lubbock
• Irving
• Laredo
• Garland
• Frisco
• Amarillo
• Grand Prairie
• McKinney
• Brownsville
• Killeen
• Pasadena