Texas Truck Accident 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 Truck Accident Loans in Texas?
Truck accident lawsuit loans in Texas are pre-settlement funding options for plaintiffs involved in truck accident lawsuits. These are non-recourse cash advances, meaning if the plaintiff loses the case, they don’t have to repay the loan. They provide immediate financial relief to victims who are awaiting settlement or trial verdicts. The funds can be used for medical bills, living expenses, or any other costs incurred due to the accident. The amount of the loan depends on the estimated value of the lawsuit. These loans are legal and regulated by Texas state laws.
| Average Car Accident Loan | $10,473 |
| Largest Loan Amount by LawsuitLoans.io | $182,597 |
| Average Rate Per 6 Months | 21.1% |
| Statute of Limitations | In Texas, the statute of limitations for filing a lawsuit related to a truck accident is two years from the date of the accident. This applies to both personal injury and property damage claims. |
| Fault Laws | Texas follows a “fault” system in truck accidents, meaning the person who was responsible for causing the accident is liable for any resulting harm or damage. The victim must prove the truck driver’s negligence to receive compensation. |
Should I Seek a Truck Accident Loan After Being in a Collision?
Yes, you should consider seeking a truck accident loan in Texas after being in a collision. This type of loan can help cover medical bills, vehicle repairs, and other expenses while you wait for a settlement. However, it’s important to consult with a personal injury attorney to understand the implications and ensure you’re making the best decision for your situation.
A lawsuit loan can provide immediate financial relief, helping you cover living expenses, medical bills, and other costs while you wait for your truck accident case to settle. It can help you avoid financial stress and pressure to settle your case quickly for a lower amount than you deserve. Lawsuit loans are non-recourse, meaning if you lose your case, you don’t have to pay back the loan. It allows you to focus on your recovery and your case, rather than worrying about your financial situation.
Am I Eligible for a Truck Accident Loan in Texas?
Yes, you may be eligible for a truck accident loan in Texas. Eligibility typically depends on the circumstances of the accident, the extent of your injuries, and the strength of your case. If you have a pending lawsuit or a settled case, you may qualify for a loan. However, it’s recommended to consult with your attorney or a legal funding company to understand the specifics of your eligibility.
How Much Can I Get From My Truck Settlement Loan?
The amount you can receive from your Texas truck accident presettlement loan can vary greatly depending on the specifics of your case. Typically, funding companies can provide anywhere from $500 to $2,500,000. The amount is primarily based on the severity of your injuries, the liability of the defendant, and the insurance policy limits.
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:
$4,513
Total Cost
Pay as little as $4,513 on a lawsuit loan of $10,000 if your case settles within 12 months of your advance.
$2,259
Your Savings
Save as much as $2,597 on a lawsuit loan of $10,000 if your case settles within 12 months of your advance.
36%
Percent Savings
Save as much as 36% on a lawsuit loan of $10,000 if your case settles within 12 months of your advance.
Truck Accident Loan Process in Texas
When you need financial support during your legal battle in Texas, Lawsuit Loans is here for you. Our process is designed to be effortless, allowing you to focus on your case. Here’s how lawsuit loans work in Texas:
1. Apply Online or Call Us
Kickstart the process by applying online or calling our toll-free number at (866) 594-1343. It only takes minutes to submit your application.
2. Fast Case Review
Our team promptly contacts your law firm to gather essential case details. Rest assured, we aim to complete the review in just a few hours.
3. Rapid Funding
Once your case is approved, you and your attorney sign the funding contract, and you receive the cash you need within hours.
Auto Accident Cases We Fund in Texas
FAQs Truck Accident Funding
1. What’s the potential loan amount for a truck accident case in Texas?
The potential loan amount for a truck accident case in Texas can vary greatly, but it typically ranges from $500 to $2,500,000 depending on the specifics of the case.
2. Do you have to pay taxes on a truck accident presettlement loan in Texas?
In Texas, you typically do not have to pay taxes on a truck accident presettlement loan as it is considered more of a cash advance rather than income. However, it’s always best to consult with a tax professional for specific advice.
3. Can you get a loan on a truck accident settlement in Texas?
Yes, you can get a loan on a truck accident settlement in Alabama. This is often referred to as a lawsuit loan or pre-settlement funding.