Need a financial boost while pursuing a personal injury claim in Texas? Tribeca provides pre-settlement funding in Texas—often called a “lawsuit loan”—to help you stay afloat with bills and expenses until your case resolves. Because our funding is based on the strength of your case rather than your credit history, you won’t face monthly payments or hidden fees. Plus, you only repay us if you win or settle.
With deep expertise in major Texas cities like Houston, Dallas, and Austin, we know how quickly medical costs and lost wages can pile up.
Call Tribeca at 866-388-2288 or apply online and find out how soon you can get the financial support you need—often in as little as 24 hours.
Pre-Settlement Funding in Texas: The Basics
Pre-settlement funding is a type of financing specifically for plaintiffs in ongoing lawsuits. Unlike a traditional loan, it’s based on the strength of your case rather than your financial history. Even better, it’s non-recourse—meaning you only pay it back if you end up winning or settling your lawsuit. This is a big deal if you’re juggling costs like rent, groceries, or medical bills while your attorney is working to reach a settlement.
In Texas, trials can drag on due to heavy court backlogs, particularly in larger metro areas such as Dallas or Houston. According to the Texas Judicial Branch’s 2022 Annual Statistical Report, civil case durations can average well over a year in some counties. During that time, most of your normal bills won’t be put on hold. That’s where pre-settlement funding steps in: it buys you breathing room so you don’t have to rush into a lower settlement simply because you’re strapped for cash.
Tribeca sets itself apart by making the process transparent and straightforward. We look at your lawsuit’s merit—like who’s likely at fault and the damages you’re pursuing—and factor in state laws to give you a fair offer. Whether you’re dealing with a car accident injury, a slip-and-fall claim, or a wrongful death lawsuit, we aim to help you stay financially stable until your case is resolved.
Non-Recourse Nature: Repayment Only If You Win
What does “non-recourse” really mean for you? Simply put, if your case doesn’t result in a settlement or favorable verdict, you owe us nothing. That’s a big departure from typical loans, where you’d still be on the hook even if the outcome doesn’t go your way.
In Texas, jury outcomes can be tough to predict. Even solid claims can become complicated by local attitudes about liability or by the “modified comparative negligence” rules. Under these rules, if you’re found 51% or more at fault, you could be barred from recovering damages. That’s precisely why a no-risk form of funding can be so helpful. Instead of worrying about losing personal assets, you can focus on pursuing the justice you deserve.
Why Texans Seek Pre-Settlement Funding
Life in Texas can be expensive—especially in major cities like Austin, Dallas, and Houston. Many people simply can’t wait months (or longer) to receive a settlement. Medical bills, lost wages, and basic living costs can pile up, leaving you with a difficult choice: do you accept whatever settlement the insurance company puts on the table or continue fighting for fair compensation? By securing funds upfront, you don’t have to cave in to a low offer out of desperation.
Plus, there’s the issue of unpredictable court timelines. Defense attorneys and insurance companies are well aware that time pressures plaintiffs to settle. Pre-settlement funding helps level the playing field, so you can keep pursuing what you’re truly owed rather than cutting corners just to stay afloat.
Application Process in Texas
We’ve worked hard to make the application simple. All you have to do is fill out a quick form online or call a funding specialist. We’ll ask for a few details about your case and your attorney’s contact information. After that, we team up with your lawyer to evaluate the basics, such as who’s at fault and what kind of damages you’re likely to recover.
Because we only need case information (not your credit history or bank statements), our approval process often wraps up within 24–48 hours. Once approved, the money goes straight into your bank account, letting you tackle whatever financial hurdles need immediate attention—whether that’s rent, medical bills, or everyday costs.
And yes, Texas can have its fair share of legal complexities, like substantial pre-trial discovery. We realize how that might stretch out your timeline, so we streamline our review process by working closely with your attorney from the start.
Evaluation Criteria in Texas
We base our funding decisions on the facts of your case:
- Liability: Who’s at fault and how clear is the evidence?
- Damages: How severe are your injuries or losses, and what’s the likelihood of compensation?
- Comparative Fault: Under Texas’s “modified comparative negligence” system, you must be less than 51% responsible to recover damages.
Texas also imposes specific limits on punitive damages—no more than $200,000 or two times the amount of economic damages plus up to $750,000 in non-economic damages, whichever is higher (Texas Civil Practice & Remedies Code, Chapter 74). We keep these kinds of legal cap structures in mind when determining how much funding to offer, ensuring you don’t end up in a bind if certain damages aren’t covered.
Funding Timeline: Speed vs. Traditional Loans
If you’ve ever applied for a traditional loan, you know it can be a hassle—piles of paperwork, credit checks, and weeks of waiting. By contrast, our process is typically done within a couple of days once we have the details from your attorney. That fast turnaround can be crucial if you’re coping with unexpected injuries or lost wages due to an accident.
We also don’t charge monthly payments. Repayment (along with our fees) only happens if and when your case succeeds. This approach allows you to keep your focus on healing, paying bills, and working alongside your legal team, rather than juggling additional financial obligations.
Attorney Involvement & Legal Considerations
Your attorney is a key partner in making pre-settlement funding work. They help us understand the nuances of your case, verify its status, and review our funding agreement to ensure everyone’s on the same page. In Texas, attorneys have ethical guidelines to follow (like disclosure rules about third-party funding), so you can expect a transparent process from start to finish.
Typically, your lawyer will provide updates about discovery motions, depositions, and other legal steps so we can accurately gauge your case’s value. That way, we don’t have to pester you for more paperwork when you’re already dealing with the stress of a lawsuit.
Comparing & Understanding Different Funding Options
Comparison with Other “Lawsuit Loans”
Traditional lawsuit loans can come with monthly payments, collateral requirements, and even credit checks. In many of those arrangements, you could still owe the money even if you lose your case. Our non-recourse approach means we only collect from the eventual settlement. If there’s no settlement or verdict in your favor, you don’t owe us a dime.
Comparison with Post-Settlement Funding
Post-settlement funding is another avenue if your case is finished but the payout is stuck in processing or structured payments. This can help you get money a bit sooner. However, pre-settlement funding comes into play during that initial, critical phase—especially when your bills can’t wait for the trial. Since Texas defendants sometimes opt for structured settlements, having funding early on can make a big difference in covering immediate costs.
Financial Benefits & Potential Risks
The main upside to pre-settlement funding is peace of mind. You don’t have to choose between settling too soon or falling behind on living expenses—especially if you’re looking at potentially large payouts in personal injury cases, where Texas has no cap on non-economic damages (except in medical malpractice).
Still, it’s important to use caution. Funding comes with fees or interest, which can grow the longer the case takes. We encourage you to borrow only what you absolutely need. This way, you can hang onto most of your settlement once it’s finalized.
Tribeca’s Role in Texas
Tribeca Lawsuit Loans has built a reputation in Texas for straightforward, ethical, and quick solutions to financial strain during a lawsuit. We handle a wide variety of cases—including auto accidents, slip-and-falls, medical malpractice, and more. Our rates are simple and transparent, so you don’t have to worry about any last-minute surprises.
It’s no secret Texas sees a high volume of civil and personal injury lawsuits every year. If you or a loved one has been impacted by an accident or wrongful act, consider whether pre-settlement funding is a viable path. By bridging the gap between filing and final payment, funding can help you pursue a fair deal without succumbing to financial pressure.
FAQs
- Does Texas impose limits on pre-settlement funding for plaintiffs?
Texas does not currently have strict caps on how much funding you can receive. However, we’ll evaluate your specific case to determine a reasonable amount—usually a portion of your potential settlement. - Can comparative negligence laws affect my pre-settlement funding?
Yes. If you’re more than 50% at fault for your injuries under Texas’s modified comparative negligence system, you can’t collect damages. We’ll keep this in mind when reviewing your claim. - Are there any special considerations for medical malpractice cases in Texas?
Texas caps non-economic damages in medical malpractice lawsuits at $250,000 per healthcare provider, with a total cap of $500,000 for multiple providers. We factor these caps into our funding decisions so you’re not overextended. - How does Tribeca handle funding for structured settlements?
If the defense opts for periodic payments instead of a lump sum, we can still advance you cash based on your estimated total settlement. This means you won’t be left waiting for every check.
Apply for a Pre-Settlement Loan in Texas with Tribeca Toda
Don’t let bills or everyday expenses force you into accepting a low settlement. If you’re a plaintiff seeking pre-settlement funding in Texas, Tribeca Lawsuit Loans is here to help. Call us at 866-388-2288 or apply online to get started. We typically complete approvals within 24–48 hours, so you can stay focused on healing and winning your case—rather than worrying about covering tomorrow’s bills.
Disclaimer: The information provided here is meant for general guidance only and does not constitute legal advice. Always consult with a qualified attorney about your specific situation.