Plano, 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 Plano, Texas
Lawsuit loans, also known as lawsuit advances or pre-settlement funding, are a financial aid solution for plaintiffs embroiled in legal cases. If you have been injured and are pursuing a legal claim, these loans can provide you with the needed funding while your case is still being resolved. It’s worth noting that lawsuit loans are non-recourse advances. This means that if you don’t win your case, you do not have to repay the loan.
At LawsuitLoans.io, we offer funding for a range of legal claims throughout Texas. You can explore more about what we offer by visiting our main Texas Lawsuit Loans page.
To provide a clearer picture of how a lawsuit loan works, let’s follow the story of Aaron from Plano, Texas. Aaron was involved in a car accident and has since launched a personal injury case. While his case is ongoing, he approaches us at LawsuitLoans.io for a loan to weather the financial storm caused by his medical expenses and lost income.
He applies for a pre-settlement loan through our website using our LawsuitLoans.io funding application, and once approved, he receives the funds quickly. These funds afford him the much-needed peace of mind to focus on recovering and pursuing his case diligently. Then, only after his case was settled and he received his legal settlement, was he required to pay back the loan.
If like Aaron, you are amidst a legal battle and need financial aid, you can reach out to us using our toll-free number (866) 594-1343 or apply for a loan directly through our application portal.
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
This section provides key information about laws, verdicts, and lawsuit loans specific to Texas. It includes data such as average loan amounts and semi-annual rates provided by LawsuitLoans.io, as well as the median personal injury verdict in the state. The table below offers more detailed insights. Please note that Texas operates under an “at-fault” or “tort” system in regards to accidents.
| 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 | 285,494 |
Get up to $500,000 with rates as low as 2.5% simple, monthly
Common Case Types We Fund in Plano
At LawsuitLoans.io, we provide pre-settlement funding for various legal cases. Here are the most common case types we fund in Plano:
Auto and Other Roadway Accidents
These involve incidents that occur on the road, including car accidents, truck mishaps, motorcycle crashes, and pedestrian accidents. We provide monetary support while your case is underway.
Premises Liability
If you have suffered an injury due to a property owner’s negligence, we cover claims from slip and fall incidents, inadequate maintenance, and hazardous conditions.
Medical Malpractice
We financial back those pursuing claims against health professionals who have caused harm through negligence or intentional misconduct. This could include erroneous diagnosis, surgical errors, or faulty treatment.
Labor Law Claims
If you are seeking justice for violations of labor laws such as nonpayment of wages or unjust labor practices, we can provide the funds you need to fight the case.
Employment Claims
We support legal cases related to wrongful termination, discrimination, harassment, and other workplace issues.
Other Personal Injury Claims
Our scope also covers other personal injury lawsuits not listed above. If you’ve experienced physical or psychological harm due to someone else’s carelessness, we can provide the needed funding.
For more details, visit our website at LawsuitLoans.io or reach us at our toll-free phone number (866) 594-1343. You can also fill out the funding application located at LawsuitLoans.io 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.
Advance Amount:
Months Until Settlement:
$2,631
Total Cost
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
39%
Percent Savings
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 Plano?
If you are seeking financial assistance while waiting for your legal case to resolve, it’s vital to understand the primary eligibility criteria for lawsuit loans. These loans are not available to everyone; specific requirements must be met to qualify.
The primary eligibility criteria include:
- Having a valid legal claim: You must have an active legal claim against an insurance company, a self-insured company or a large public entity. This is because the loan offered is based on the expected settlement of your pending legal case.
- Having an attorney: It’s important that you already have an attorney handling your case. This demonstrates that your claim is indeed serious and helps in the evaluation process of your loan application.
- Being at least 18 years old: As with most legally binding contracts, you must be at least 18 years old to apply and qualify for a lawsuit loan.
If you meet these criteria, you are on the right track to secure a pre-settlement funding from LawsuitLoans.io.
Get Started
Apply today and get funds as soon as the same day you apply!
Our Plano Lawsuit Loan Process
If you’re involved in a lawsuit and need financial help, we at LawsuitLoans.io are ready to assist. Understanding our lawsuit loan process helps you utilize it more effectively. Here’s a brief step-by-step overview of how our lawsuit loans work.
Applying Online
Start by filling out your application on our platform, which is simple and quick. Visit the LawsuitLoans.io funding application to submit your loan request.
We Contact Your Law Firm
Once your application is submitted, we establish contact with your law firm to garner more details about your case.
We Review Your Case
Based on the information received, we thoroughly review your case merits to determine its eligibility for a loan.
You Sign a Contract
Upon approval, we present a contract to you. This agreement outlines all terms and conditions regarding the loan.
You Get the Funds
Once the contract is signed, you receive your funds. The goal of our process is to aid you financially while enabling you to focus on your litigation.
For instance, if John Doe, a plaintiff with a personal injury claim, applies for a loan with us and provides all the requisite details about his ongoing lawsuit, we will connect with his legal representation to obtain further information. After a comprehensive case review, John receives an offer. After signing the contract, John gets his funds to aid him through his trial. This is how simple and straightforward our lawsuit loan process is!
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. The amount we can provide depends on the current status of your case. If your case is still ongoing, we can advance up to a maximum of 25% of your expected settlement. For cases that are settled, we can offer up to 50% of your expected settlement.
Let’s look at an example. Visitor “Plano plaintiff” was in a car accident and has a pending case with an estimated value of $100,000. The case will not settle for some time. Typically, medical providers get paid around 1/3 of the settlement, the attorney takes another 1/3, leaving the plaintiff with around $35,000. With LawsuitLoans.io, we can advance around 25% of that amount or around $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 Plano?
If you’re a plaintiff waiting for your legal case to resolve, you may need funds to support your daily life. This is where LawsuitLoans.io steps in. We offer pre-settlement lawsuit loans to help you manage your finances while your case is under process.
From the moment you submit your application to LawsuitLoans.io, our team begins reviewing your case. We understand the urgency of your needs, which is why we aim to make a decision within 24 hours. Yes, that’s correct. It could take just one day for you to receive the required funding!
For instance, consider a case where you have a personal injury claim in Plano that’s pending. You’re dealing with medical bills, lost wages, and other expenses. Submit your application early morning today, and by tomorrow, you could have your funds to alleviate your financial stress. This is how committed we are to helping plaintiffs like you.
To begin the process, visit LawsuitLoans.io or dial our toll-free number (866) 594-1343. Or, proceed directly to the LawsuitLoans.io funding application.
Pros and Cons of Pre-Settlement Funding in Plano, Texas
There are several pros and cons when it comes to pre-settlement funding. If you reside in Plano, Texas and are considering this option for your lawsuit, it’s essential to consider both the advantages and drawbacks.
Benefits of Pre-Settlement Funding
- Financial Relief: With pre-settlement funding, you can get an advance on the potential settlement of your case. This can provide significant financial relief while you wait for a verdict or settlement.
- Early Access to Funds: This type of funding allows you to access funds from your settlement earlier than you would typically be able to get them.
- Avoiding Early Settlement Pressure: When expenses pile up, it can pressure plaintiffs into accepting an early proffered settlement that’s less than what their case is worth. Pre-settlement funding takes away this pressure by providing money in the interim.
- Non-Recourse Nature of Lawsuit Loans: In most cases, if you lose your lawsuit, you don’t have to repay the loan. The repayment depends on the successful resolution of your case.
Drawbacks of Pre-Settlement Funding
- High Interest Rates: The interest rates on pre-settlement funding can be quite high, often higher than traditional loans.
- Lack of Regulation: The pre-settlement funding industry is often under-regulated or unregulated, which means the costs and terms can vary widely among providers.
- Requires a Well-Developed Case: To qualify for funding, you generally need to have a strong and well-developed case. Additionally, you need an attorney working on it on a contingency basis. This requirement could limit your options.
While pre-settlement funding can provide much-needed relief during a stressful time, it’s vital to understand both the benefits and potential drawbacks before deciding to pursue this route.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Plano Pre-Settlement Funding FAQs
There are often questions from Plano residents regarding lawsuit loans. We’ll answer some of the most common ones to help you understand the process.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan varies depending on individual cases. The amount you may have to repay will be based on how long your case takes to settle and how much funding you received. We also base our charges on risk assessment which considers the likelihood of successful case resolution.
Do I qualify for a lawsuit loan?
LawsuitLoans.io reviews each case individually. We generally provide funding to plaintiffs with personal injury and other legal claims that are likely to result in a settlement or judgment in their favor.
If you have bad credit, can you get pre-settlement funding in Texas?
Yes, LawsuitLoans.io looks at the merits of the legal case, not your credit history. We understand that many people find themselves with bad credit due to circumstances beyond their control.
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:
Get Started
Apply today and get funds as soon as the same day you apply!