McKinney, Texas Lawsuit Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Lawsuit Loans in McKinney, Texas
A lawsuit loan is a special kind of loan that is provided to plaintiffs who have suffered injuries as they await the resolution of their legal case. These loans are non-recourse advances on a plaintiff’s future legal settlement. In other words, if you receive a loan and your case does not settle in your favor, you do not have to repay the loan.
At LawsuitLoans.io, we provide funding for claims throughout Texas. So, whether you’re based in McKinney or any other area in Texas, we’ll be able to assist you with a lawsuit loan. For more details, visit our main Texas Lawsuit Loans page.
To illustrate how this works, let’s look at a hypothetical scenario involving a plaintiff named Joyce. Joyce is a resident of McKinney, Texas. She was involved in a serious car accident that resulted in significant personal injuries. As a result, she’s embroiled in a legal case seeking damages for her injuries. While waiting for her case to resolve, she faces mounting bills and expenses. To help bridge this financial gap, Joyce applies for and receives a lawsuit loan from LawsuitLoans.io to assist her financially until her case settles.
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
Lawsuit loans can be the key financial lifeline for plaintiffs while they wait out the lengthy litigation process. In the state of Texas, various factors come to play such as the average loan amount, the local statute of limitations and fault laws, among other things. Here’s a glance at some crucial lawsuit loan specifications in Texas.
|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.|
|Houston population, 2020||195,308|
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in McKinney
At LawsuitLoans.io, we provide funds for various types of cases. Below we have listed the most common ones:
1. Auto and Other Roadway Accidents
We often fund cases involving roadway accidents. This includes accidents with cars, motorcycles, trucks, and other vehicles. Our funding can help cover medical bills, lost wages, and other costs while you wait for your legal case to conclude.
2. Premises Liability
If an individual is injured on someone else’s property due to the owner’s negligence, we can provide funding. This includes instances like slip-and-fall cases or harmful conditions that cause injury.
3. Medical Malpractice
Medical malpractice claims arise when a healthcare provider fails to meet acceptable standards of care, leading to patient injury. These cases can be long and complex, but we’re here to support you financially.
4. Labor Law Claims
We also fund cases that involve violations of labor laws, such as unpaid overtime, wage theft, or unsafe working conditions.
5. Employment Claims
Employment claims may involve issues like wrongful termination, harassment, or discrimination. These can be distressing situations, and our funding aims to ease some of the financial pressure.
6. Other Personal Injury Claims
Other than the above, we also offer funding for various personal injury claims. If someone’s negligence caused you harm, you may need financial assistance during the litigation process. We’re here to help.
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 McKinney?
In order to be eligible for a lawsuit loan, from LawsuitLoans.io, there are a few key criteria. To start with, it is imperative that you have a valid legal claim. This means you’re involved in an ongoing lawsuit against an insurance company, a self-insured company or a large public entity. It’s not about wanting justice, but rather, having a substantial claim recognized by the court.
Another crucial requirement is that you must have an attorney working on your case. The presence of a legal representative indicates the seriousness of the lawsuit and stands as evidence of a legitimate claim. It is the relationship with your attorney that allows you to secure a lawsuit loan.
Lastly, you must be at least 18 years old – a legal adult. This is required by law and ensures that all financial actions conducted are legally binding.
To sum up, if you have a valid legal claim, you’re represented by an attorney, and you’re 18 or over, you may be eligible for a lawsuit loan. You can start the process by filling out an application form on our website. For more information, feel free to visit the LawsuitLoans.io funding application or call our toll-free number (866) 594-1343.
Apply today and get funds as soon as the same day you apply!
Our McKinney Lawsuit Loan Process
Understanding the process of obtaining a lawsuit loan can often seem complex. However, at LawsuitLoans.io, we strive to make this as simple and straightforward as possible. Let’s take a look at the five main steps involved in securing financing:
- Apply online: Begin by filling out our simple online application. This is where you’ll provide us with initial details about yourself and your lawsuit.
- We contact your law firm: After we’ve received your application, our expert team will reach out to your law firm. We collaborate with them to get a better understanding of your case.
- We review your case: Our specialists will then thoroughly assess your case. We consider various factors, such as its merits, potential compensation, and risk.
- You sign a contract: Once we’ve determined that your case qualifies for a lawsuit loan, we will present you with a contract to sign. This contract outlines the terms of the agreement, including the amount of the loan and the repayment terms.
- You get funds: After you’ve signed the contract, we will immediately disburse the funds. This typically occurs within 24 hours of signing the agreement.
To illustrate this, let’s consider an example. John has initiated a personal injury lawsuit after a car accident. His legal proceedings are expected to last several months, during which he won’t be able to return to work. However, his bills and living expenses continue to pile up. Thankfully, after discovering LawsuitLoans.io, John applies online and is approved for a loan. With the funds received, he is able to cover his expenses while awaiting his lawsuit’s resolution.
If you find yourself in a similar situation, don’t hesitate to reach out to us at LawsuitLoans.io or call us toll-free at (866) 594-1343. Our aim is to support you financially as you wait for your rightful legal settlement.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans offered by LawsuitLoans.io can range from $500 up to a substantial sum of $1,000,000 or more. Depending on the stage of your case, we offer different funding options.
If your case is still in progress, we can provide you with a cash advance of up to 25% of your expected share of the settlement. In cases where a settlement has been reached but funds haven’t yet been disbursed, we can offer an advance equal to 50% of your anticipated share of the settlement.
Let’s illustrate with an example. Imagine McKinney, a plaintiff involved in a car accident litigation case. The estimated value of his claim stands at $100,000, but the case will not be settled for some time. When settlements occur in such claims, the fund distribution is often broken down as follows: medical providers receive around 1/3 of the compensation amount, the attorney receives another third, and the plaintiff usually ends up with approximately $35,000.
In such a scenario, LawsuitLoans.io could provide McKinney with around 25% of this expected share as a lawsuit loan. This equates roughly to an amount of $8,250 that he can use immediately while waiting for his case to resolve fully.
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 McKinney?
Have you found yourself asking this question? At LawsuitLoans.io, we understand the urgency of your situation. That’s why we strive to work swiftly on your behalf. Once your application for a pre-settlement lawsuit loan is submitted, our team immediately gets to work.
We waste no time in reviewing your legal case and making a decision. In most instances, LawsuitLoans.io resolves and reviews applications within a 24-hour window. This means you could potentially have access to much-needed funds in as little as a day from applying.
Are you curious about what this could look like for you? Take for example, Sarah, a plaintiff from McKinney. After submitting her application, our team reviewed her case and approved her application all within 24 hours. Sarah had funds in her account on the next day!
Pros and Cons of Pre-Settlement Funding in McKinney, Texas
Pre-settlement funding comes with a set of unique benefits and costs that you should consider if you’re dealing with a lawsuit. Let’s break down the pros and cons so you can make an informed decision.
Benefits of Pre-Settlement Funding
The primary benefits of pre-settlement funding are:
- Financial Relief: Lawsuit loans can provide instant relief when you’re faced with mounting bills due to your injury or legal case.
- Early Access to Funds: With lawsuit loans, you don’t have to wait until your case is resolved to receive funds. The money is available as soon as you get approval from your lender.
- Avoiding Early Settlement Pressure: Pre-settlement funding can alleviate the pressure to settle early with a lower compensation amount. You have the necessary funds to survive while your case is being handled.
- Non-Recourse Nature: These types of loans are non-recourse, meaning if you lose your case, you don’t need to repay the loan.
Costs of Pre-Settlement Funding
On the other hand, pre-settlement funding has a few downsides:
- High-Interest Rates: Pre-settlement funding typically comes with high-interest rates in comparison to traditional loans.
- Lack of Regulation: The industry for lawsuit loans is generally unregulated or under-regulated, which could potentially lead to unfair practices.
- Need for Well Developed Case: To qualify for pre-settlement funding, you need a well-developed case and an attorney working on contingency-based pay. This may not be ideal for all plaintiffs.
Get up to $500,000 with rates as low as 2.5% simple, monthly
McKinney Pre-Settlement Funding FAQs
When it comes to pre-settlement funding in McKinney, Texas, there are several common questions that people often ask. We’ve compiled the most frequently asked questions below.
1. How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can vary based on different factors. This includes your individual case details and the amount of money you need. At LawsuitLoans.io, we strive to provide clear and fair pricing. For an accurate estimate, use our funding application.
2. Do I qualify for a lawsuit loan?
To qualify for a lawsuit loan, you typically need to have an active personal injury or other legal claim. You also need a lawyer representing you. If these conditions are met, you could be eligible to receive pre-settlement funding from LawsuitLoans.io.
3. If you have bad credit, can you get pre-settlement funding in Texas?
Yes, at LawsuitLoans.io, we don’t consider credit history when approving applications for pre-settlement funding. Our decision is based solely on the merits of your legal case.
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!