Killeen, Texas Lawsuit Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
Apply in Seconds
What Are Lawsuit Loans in Killeen, Texas
Lawsuit loans are types of financial advances provided to plaintiffs who get injured and need to pursue a legal claim. This is not exactly a loan but a non-recourse advance on a potential future legal settlement. That means, if you lose your lawsuit, you don’t have to pay back the money received from us.
Let’s take a hypothetical situation to clarify the concept: Meet Paul, a Killeen resident who got injured in a car accident due to someone else’s negligence. With medical bills piling up and the inability to work, Paul is struggling financially. After hiring an attorney, his legal case may take some time to be resolved.
During this period, Paul applies for a lawsuit loan with LawsuitLoans.io and gets approved. Now, he can use these funds to cover his living costs and medical expenses until his compensation arrives. Should Paul lose the case, there will be no obligation to pay back the amount received, as our advances are non-recourse. This way, a lawsuit loan can offer some financial relief for plaintiffs like Paul during a stressful period.
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.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Important Texas Lawsuit Loan Information
If you are pursuing a legal case in Texas and considering a lawsuit loan, it’s essential to understand relevant facts and statistics about these loans. Below is a table that provides key information about LawsuitLoans.io services in Texas. The data includes lawsuit loan amounts, median personal injury verdicts, and statutory limitations.
|Average loan amount by LawsuitLoans.io in Texas||$10,473.47|
|Largest loan by LawsuitLoans.io in Texas||$182,596.60|
|Average semi-annual rate in Texas||21.1%|
|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.|
|Killeen population, 2020||153,095|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Killeen
At LawsuitLoans.io, we assist clients with various case types. Here is a list of the most common ones we fund in Killeen:
Auto and Other Roadway Accidents
Car crashes and other roadway accidents often result in severe injuries. These cases can take time to resolve while you recover. We provide funding throughout this process to help ease your monetary concerns.
Premises Liability Claims
If you were hurt on someone else’s property due to their negligence, this may fall under premises liability. Funding from us can help cover your expenses as your case progresses.
Medical Malpractice Claims
Medical malpractice includes instances when a healthcare professional causes injury or harm through negligence or omission. These cases can be complex, but we’re here to provide financial support during the proceedings.
Labor Law Claims
These cases involve violations of your rights as a worker. If you’re involved in such a claim and need financial assistance, we can provide pre-settlement funding.
This includes wrongful termination, discrimination, harassment, and more. While these cases are being resolved, we can provide you with necessary funds to afford everyday living costs.
Other Personal Injury Claims
We also fund a wide variety of other personal injury claims. No matter what type of injury you’ve suffered, our goal is to offer pre-settlement funding to bridge the gap between the legal process and your recovery.
To learn more or if your case type isn’t mentioned, contact us at (866) 594-1343 or fill out our funding application.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your savings and cost when you choose LawsuitLoans.io. While we sometimes offer interest rates as low as 2.5%, our calculator assumes an interest rate of 2.9%. This calculator is illustrative – please contact us for an instant, written quote for your request.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Lawsuit Loan in Killeen?
Eligibility for lawsuit loans requires meeting some specific criteria. Their purpose is to provide help during tough times when awaiting a legal verdict. The main conditions you need to meet are explained below.
First, you must have a valid legal claim. This could be against an insurance company, a self-insured company, or a large public entity. It’s important to note that these financial aids operate on the bases of genuine legal cases and hence their establishment is key.
Secondly, it is crucial to have an attorney representing your case. Lawsuit loan funding companies like LawsuitLoans.io aim to work directly with your attorney to understand your case and determine potential payouts from your lawsuit.
Lastly, the individual seeking the loan needs to be at least 18 years of age. While we believe everyone deserves help, this condition is imposed in accordance with legal age restrictions for entering contracts.
In short, if you have a valid claim and legal representation, and are above the age of 18, you could be eligible for a lawsuit loan.
Apply today and get funds as soon as the same day you apply!
Our Killeen Lawsuit Loan Process
If you are involved in a personal injury or other legal case, you might be eligible for a lawsuit loan. A lawsuit loan can give you the funds you need while waiting for your case to resolve. Here at LawsuitLoans.io, we have a straightforward and easy-to-follow process.
Step 1: Apply Online
The journey to get lawsuit funding begins with an application. You can easily start this process by visiting our funding application page.
Step 2: We Contact Your Law Firm
Once we receive your application, we’ll make contact with your law firm. This is to gather necessary information about your case.
Step 3: We Review Your Case
After we’ve made contact with your law firm, our team of experts will then review your case. We strive to make this process fast and efficient so that you’re not left waiting.
Step 4: You Sign a Contract
If your case qualifies, we will send a contract for you to sign. This contract details the terms of the lawsuit loan.
Step 5: You Get Funds
After signing the contract, you will receive your funds. We pride ourselves on providing fast funding, giving you the financial support when you need it most.
Let’s bring these steps to life with an example. Suppose you’re involved in a car accident lawsuit. While dealing with medical bills and loss of income, you find yourself struggling financially. You apply for a lawsuit loan with LawsuitLoans.io. After contacting your attorney and reviewing your case, we send a contract with the loan terms. Once you sign, you receive your much-needed funds, allowing you to focus on your recovery and your case without financial stress.
At LawsuitLoans.io, we’re committed to providing financial support to plaintiffs in need. We keep our process simple and quick so you can get your funds as soon as possible. For any queries, call us on our toll-free number (866) 594-1343.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range anywhere between $500 to over $1,000,000. Depending on the circumstances and status of your case, we are able to advance up to a maximum of 25% of the amount you are expected to receive from your settlement. This is applicable for cases that are still in progress. For cases that have been settled, the amount we can offer increases to 50% of your expected portion of the settlement.
Let’s demonstrate this using an example. Suppose you are a plaintiff in Killeen who has been involved in a car accident. The estimated value of your case is $100,000. However, your case is ongoing and is expected to settle after a considerable length of time. In such scenarios, medical providers often receive around a third of the settlement while another third goes to the attorney. This means you, the plaintiff, are left with approximately $35,000 from the settlement. If you apply for a lawsuit loan, we are able to advance around 25% of the expected payout which equates to $8,250.
Get $500 – $100,000 as soon as today
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 day you apply with us.
How quickly can I get a pre-settlement lawsuit loan in Killeen?
For many defendants, the urgency to secure funds is a top concern. At LawsuitLoans.io, we understand this need and work diligently to review your case promptly after you submit your application.
In most instances, we make a decision within 24 hours. This means that you could potentially have access to your pre-settlement funds as early as the next day. However, the exact timing can vary depending on the specific details of your case.
To offer some perspective, let’s consider an example. Suppose you suffered a personal injury due to a car accident in Killeen, Texas. After seeking medical treatment and legal advice, you decide to pursue a lawsuit against the responsible party. Many legal proceedings can take several months to even years to resolve. In this waiting period, you may find yourself struggling to cope with mounting bills and medical expenses. Here is where LawsuitLoans.io steps in.
By submitting an application to LawsuitLoans.io, you provide us with essential facts about your case. We use this information to evaluate your anticipated settlement, potential award amount, and your probability of winning the lawsuit.
After a swift review, typically within 24 hours, we reach a decision. If approved, we can transfer your pre-settlement funds directly to your bank account, providing you with the financial relief you need while you wait for your lawsuit to settle.
Pros and Cons of Pre-Settlement Funding in Killeen, Texas
The process of seeking legal resolution often brings with it a high level of uncertainty. Lawsuit funding or pre-settlement funding can be viewed as a lifeline of support for those navigating these challenging times. This article seeks to help you understand the benefits, as well as the drawbacks, of pre-settlement funding.
Benefits of Pre-Settlement Funding
- Financial Relief: The most straightforward advantage is the financial relief provided, helping litigants cover their day-to-day expenses while their legal cases are still unresolved.
- Early Access to Funds: Pre-settlement funding allows plaintiffs early access to funds even before their legal case resolves.
- Avoiding Early Settlement Pressure: With funds already in hand, plaintiffs can comfortably decline uncompromising early settlement offers that might not meet their best interests.
- Non-Recourse Nature of Lawsuit Loans: Lawsuit loans are non-recourse, which means if the plaintiff loses their case, they owe nothing back.
Potential Drawbacks of Pre-Settlement Funding
- High Interest Rates: Pre-Settlement funding is known for its relatively high interest rates, which can lead to substantial repayment amounts, especially for lengthy legal proceedings.
- Lack of Regulation: The lawsuit funding industry is generally unregulated or under-regulated, leaving some room for predatory practices.
- Contingent on Case Development: To qualify for pre-settlement funding, one needs to have a well-developed case. Plus, an attorney must be working on a contingency basis, potentially limiting accessibility.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Killeen Pre-Settlement Funding FAQs
For Killeen residents seeking legal funding, there are several common questions and concerns. Below are the answers to some frequently asked questions:
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies depending on your case details and the amount you request. At LawsuitLoans.io, we provide affordable, non-recourse loans with clear terms and rates. We can discuss potential costs with you and guide you towards the best possible solution.
Do I qualify for a lawsuit loan?
Qualifying for a lawsuit loan generally depends on the strength of your case. If you have a valid personal injury claim or other pending legal case, and have the services of a lawyer, chances are high you qualify. You don’t need employment verification or a good credit score to qualify.
If you have bad credit, can you get pre-settlement funding in Texas?
Absolutely! Your credit score is not a barrier to getting pre-settlement funding with us. We focus more on the strengths of your case rather than your credit history. So, even with bad credit, you can still apply for and receive pre-settlement funding in Texas.
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:
Apply today and get funds as soon as the same day you apply!