At Tribeca Lawsuit Loans, we provide rapid pre-settlement funding in the state of Texas at attractive interest rates to support those currently involved in personal injury lawsuits.
Looking to secure funds from your lawsuit? We can front you any amount ranging from $500 to $2,000,000 in cash, based on the worth of your injury lawsuit case. With excellent ratings and reviews from our past customers and an extensive reach throughout Texas, we can secure a cash advance for you in as little as 24 hours! Apply Now!
Our organization’s Lawsuit loans (also referred to as case loans or lawsuit funding) can be utilized for any costs that emerge while the plaintiff’s lawsuit (your lawsuit) is still in progress and before you collect your deserved compensation from a successful trial verdict or settlement against the defendant. Numerous clients use the funds we disburse to them for expenses such as medical bills, rent or mortgage payments, utility bills, or even everyday costs like food or transportation.
Seize your funding today! Contact our amiable and experienced team at (866) 388-2288 or touch base with them using this convenient online form, for any inquiries or apprehensions you have about the pre-settlement funding procedure. We don’t require a credit check or proof of income for our lawsuit settlement loans because you’re under no obligation to pay back Tribeca Lawsuit Loans if your case doesn’t win.
Three Steps To Your Cash Advance
Step 1: APPLY for Lawsuit funding in Texas now
Submit your application to us for funding. Our lawsuit loan application includes the following process:
- No credit check
- No income verification
- No asset evaluation
- No hidden fees
- No money up-front
Step 2: REVIEW
Our fast and proficient team will review your case. We support many different types of cases including personal injury, car accident, premises negligence, workers’ comp, class action and more.
Step 3: FUNDING
Tribeca Lawsuit Loans sends a contract detailing terms of funding. Cash is distributed quickly and securely.
Texas Lawsuit Funding Laws and Regulations
In Texas, Tribeca Lawsuit Loans can provide financial assistance ranging from $500 up to $2,000,000 depending on the case value. The state follows the Modified Comparative Fault – 51% Bar, implying that the plaintiff’s damages could be reduced by their portion of fault. The statute of limitations is two years, as per Title 2, Ch. 16, Sec. 16.003 of the Civil Practice & Remedies Code.
The minimum policy limits are set at $30,000 for bodily injury liability per person, $60,000 for bodily injury liability per accident, and $25,000 for property damage liability per accident. The minimum UIM auto insurance limits stand at Liability: 30/60/25. Workers in Texas are eligible for compensation.
Alternative Funding Agreements and Legal Considerations
Texas has always advocated for alternative funding agreements, with contingency fees in US legal cases being a popular choice. This support extends to lawsuit funding. Lawyers in Texas, however, are barred from gaining a proprietary interest in the case, but this restriction doesn’t apply to third-party funders.
In Texas, funding transactions are considered investments, not loans, since funders purchase a contingent right to a share of the plaintiff’s settlement upon winning. Hence, the plaintiff isn’t obligated to repay the advance if they lose the case. These transactions are not subject to usury laws, making pre-settlement funding legal in Texas.
Tribeca Lawsuit Loans’ Role in Texas
Tribeca Lawsuit Loans offers financial assistance and shares the proceeds in the event of a client’s win. Despite being updated on case results, Tribeca does not involve itself in the legal strategy or the terms of the settlement, hence exercising no control in the case.
How Can We Help: Experience The Tribeca Difference
Dedicated Legal Funding Assistance
At Tribeca Lawsuit Loans, we specialize in providing pre-settlement funding to individuals involved in a variety of legal cases throughout Texas. With vast experience in personal injury, premises liability, auto accidents, and medical malpractice cases, we are equipped with the expertise to evaluate and navigate your specific lawsuit’s complexities. Many past clients have written glowing testimonials and reviews thanking us for our help.
A Lifeline During Challenging Times
Our services are carefully designed to offer you financial stability during the often-stressful period of pursuing personal injury claims. Our priority is to bridge the financial gap and provide you with the resources you need while your case is pending.
Approvals Based on Case Merit, Not Credit
At Tribeca, we firmly believe that your eligibility for legal funding should be based on the strength of your case, not your credit history or income (bad credit and no credit is completely fine). This makes our services accessible to a wider range of individuals seeking justice. We will work your your attorney to quickly review your case and lawsuit details and either approve or deny your application. If approved, a lien will be placed on the potential proceeds from the claim, not on your assets, so you have no risk and nothing to lose.
Fast and Efficient Application Process
We understand that time is of the essence. Therefore, we have streamlined our application process to be as simple and proceed as efficiently as possible. With Tribeca, contracts are quickly executed, and funds are typically received within 24 hours of approval, ensuring you get the financial support you need, when you need it.
Transparent Operations and Exceptional Service
Our commitment to transparency, fairness, and excellent customer service sets us apart. We aim to guide you throughout the process and explain everything with absolute clarity, ensuring you understand every detail related to your legal funding.
Repayment Upon Winning
We operate on a “No Win, No Pay” policy. This means repayment is only required if you win your case against who you are suing, further demonstrating our commitment to align our success with yours. No hidden fees either if you lose your case at trial or if your case cannot be successfully litigated.
Regulated and Confidential Services
At Tribeca, we adhere to strict regulatory standards and hold ourselves accountable to the highest levels of accreditation. Your confidentiality is our priority, and we uphold robust privacy policies to protect your personal and financial information.
Educational Resources and Financial Advice
To further support our clients, we offer a wealth of educational resources to help you understand the intricacies of lawsuit loans and personal injury loans better. Additionally, our team of experts is on hand to provide free consulting and financial advice, helping you make informed decisions.
Tribeca Lawsuit Loans – Your Partner in Justice
With a focus on client satisfaction, we have a robust complaint handling system to ensure your concerns are addressed promptly and efficiently. At Tribeca Lawsuit Loans, we are not just a funding company; we are your partner in your journey towards justice. Let us help you achieve financial stability as you seek the justice you deserve.
What is the Lawsuit Loan Process Like In Texas?
In Texas, the lawsuit loan process begins with eligibility determination, based on the strength and potential value of your personal injury or other plaintiff’s case.
Once eligible, you initiate the application process, providing necessary lawsuit details and waiting for the lender’s review. The lender assesses the lawsuit’s viability and performs a risk assessment. Based on these analyses, the loan amount is calculated and a decision is made on approval.
Upon approval, the terms of the lawsuit loan are negotiated and accepted, leading to the legalization of the agreement. The approved loan is then provided, documented, and transferred to the plaintiff or their attorney. (Note: Steer clear of firms that apply compound interest rates to their loans. These types of interest rates can dramatically increase the total amount taken from you Instead, seek out companies offering simple interest terms instead, like Tribeca Lawsuit Loans).
The pre-settlement loan is then disbursed (we can transfer cash directly to your bank account), with the receipt of funds confirmed. The loan charges are determined and imposed, and the borrower utilizes the loan as needed. The loan is secured using the potential settlement as collateral. The lawsuit is then litigated and settled, initiating the repayment of the loan.
If the case is lost, the borrower typically does not have to repay the lawsuit loan. This is because lawsuit loans, also known as pre-settlement funding, are non-recourse loans. This means that the loan is secured by the potential settlement of the lawsuit. If there is no settlement or if the lawsuit is lost, there is no obligation for the borrower to repay the loan. This is one of the key differences between lawsuit loans and traditional loans.
The Legality of Pre-Settlement Funding in Texas
- Pre-settlement legal funding is permitted in Texas, along with 16 other states. This is because the legal system recognizes the need for plaintiffs to have financial support during their suffering and often lengthy litigation and trial process.
- This practice, known as champerty and maintenance, involves third parties funding lawsuits. It’s legal because it provides a means for individuals who may not have the financial resources to pursue justice.
- The case of Anglo Dutch Petroleum International Inc. v. Haskell in 2006 was a landmark event that confirmed the legality of third-party legal funding in Texas. The court ruled in this way because it recognized the importance of providing financial support to plaintiffs who might otherwise be unable to afford the costs of litigation.
- The Texas courts have determined that this type of funding is an investment rather than a loan. This is because there is no “absolute obligation” to repay the funds, which differentiates it from traditional loans. The repayment is contingent on the success of the lawsuit, which aligns more with an investment risk-reward model.
The Reasons Behind the Rules
- While there are few specific regulations directly impacting pre-settlement legal funding in Texas, this doesn’t mean it’s unregulated. The use of such funding is governed by the broader legal and regulatory framework for filing lawsuits in Texas.
- The ability to use pre-settlement funding is influenced by factors such as the statute of limitations and Texas’ proportionate responsibility laws. These laws exist to ensure fairness in the legal process and to prevent misuse of the legal system.
The Statute of Limitations for Personal Injury Claims in Texas
- The law in Texas requires personal injury claims to be filed within a two-year statute of limitations. This rule exists to ensure that lawsuits are filed while evidence is still fresh and reliable.
- If a claim is not filed within this timeframe, the opportunity to seek compensation through the civil court system is lost. This is to prevent indefinite legal uncertainty for potential defendants.
- Despite this, it’s still possible to recover compensation through an insurance claim. This is because insurance claims are governed by contract law rather than tort law, and thus have different rules.
- It’s recommended to pursue a civil claim as soon as possible to avoid the statute of limitations adversely impacting the ability to recover compensation. This is to ensure that plaintiffs don’t miss out on their chance to seek justice due to procedural deadlines.
Texas’ Proportionate Responsibility Laws: Balancing Blame
- Texas operates under a system of proportionate responsibility, also known as modified comparative fault. This system exists to allocate responsibility and damages in a way that reflects each party’s contribution to the injury.
- The state follows a 51% bar rule, which limits the amount of fault a person can bear for their injuries while still being able to recover damages. This rule is in place to ensure that individuals who are primarily at fault for their own injuries cannot shift the burden onto others.
- If a person is partially at fault for their injuries and their portion of the liability is below this bar, their portion of the liability will reduce their injury settlement. This is to ensure that damages awarded are fair and proportionate to each party’s responsibility.
- The potential amount of pre-settlement funding provided can be estimated by a loan specialist and an attorney after reviewing the details of the case. This is to ensure that the funding provided aligns with the expected outcome of the case, balancing the needs of the plaintiff with the risk to the funding provider.
What is a Lawsuit Loan?
Lawsuit loans, also known as pre-settlement funding, case loans or legal funding, are designed to give you a cash advance on your future settlement. You are welcome to use the money in any way you need. The goal of a post-settlement lender is to provide the financial wherewithal to see your lawsuit through to the total compensation your case warrants.
Unlike conventional loans, lawsuit loans near you are risk-free. Neither your income, property, nor assets can be touched to repay the loan. This is because legal lending is structured as non-recourse loans in Texas as well as many other states. A non-recourse loan can be repaid solely from the loan’s collateral. With legal funding, your future settlement serves as the collateral on the loan.
Because we’ll never see one cent of your own money, our Texas lawsuit loan application includes:
- No credit check
- No income verification
- No asset evaluation
- No hidden fees
You don’t need money to qualify for legal funding. Additionally, since your compensation is the collateral on the loan, if you lose your case — you owe us nothing!
When you take out a lawsuit loan in the area that you had your accident or near your residence, you alleviate the financial pressure you’ve been suffering. You’ll be able to afford to stay the course with your legal team and let them get you the best compensation possible. Best of all, you may even get a better settlement with legal funding!
As a lawsuit settlement funding provider, it is our goal to provide you with the best service with the lowest interest rates. While your credit score is a number that represents your creditworthiness, we do not check it or your income or require bank statements to receive pre-settlement funding in TX. Going through a serious accident is traumatic and stressful, not to mention having to deal with the law and exercising your rights through your lawyers. Rest assured, we strive to make the lending process as simple as possible.
Can a Lawsuit Loan Help You Get a Larger Settlement in Texas?
You know that lawsuits can take years to settle. But did you know that this extraordinarily slow pace is often by design? It’s true. It’s not just a matter of an overburdened court system.
Defense attorneys and insurance companies deliberately drag out the proceedings in an effort to shield their clients from the repercussions of their actions. Their goal is to limit the compensation you receive so their client does not have to pay the full value of your case. That’s their job. Our job is to provide the money you need to make ends meet so you can afford to wait out the stall tactics and achieve the compensation you’re due.
How can pre-settlement funding from a company like Tribeca Lawsuit Loans help you get a larger settlement? Defense attorneys and insurance companies know that you are likely facing financial difficulty as long as your claim drags on. Medical bills, lost wages, legal bills, and more can pile up for various reasons after an accident. Unfortunately, the financial hardships force many claimants to accept a lowball offer now, because they can’t afford to wait for the full compensation.
Sound unfair? We get it. That’s why Tribeca helps you level the playing field with a no-risk lawsuit loan in Texas at a low, non-compounding interest rate.
When you have the money to pay your bills and put food on the table while the insurance company stalls, the pressure is taken off you to settle your claim for a fraction of its worth.. This leverage means you and your attorney have more time to negotiate the very best settlement. Tribeca gives you the money and time you need to get the justice you deserve!
Do I Qualify For a Lawsuit Loan?
You are eligible for a Texas accident loan if you are in the midst of a lawsuit and stand to receive compensation. We understand how insurance companies work, so we are uniquely qualified to assess your case quickly. While many customers seek our assistance after a car accident, our Texas lawsuit loans near you aren’t limited to motor vehicle accident claims.
Whether you’ve been wrongfully injured physically, financially, or psychologically, the damage is done. Tribeca lawsuit settlement loans in Texas help customers recover from all sorts of civil injuries, including:
The list of cases we fund continues to grow.
Lawsuit loans can fund a variety of personal injury cases, including those arising from car and truck accidents, slip and fall incidents, and medical malpractice. They also cover pedestrian and bicycle accidents, offshore injuries, and oilfield explosions. Lawsuit funding extends to food poisoning lawsuits, defective product injuries, and general personal injury lawsuits. Cases involving dog bite injuries, wrongful death, and Jones Act claims are also eligible. Lastly, staircase and escalator accidents, nursing home abuse, and Texas dram shop incidents all can be funded through lawsuit loans.
We do require that an attorney represents you (usually this is a personal injury attorney). This not only ensures all parties are protected equally but also makes you statistically more likely to win your lawsuit and to get a better settlement. That’s a win-win situation!
Essentially, legal funding allows you to bring your compensation package forward into the present. We facilitate that by giving you funds now, and then you pay us back an agreed-upon portion of your settlement or jury award.
How Can I Use My Lawsuit Loan?
That’s the best part of our settlement loans in Texas. Not only are they a quick and easy solution to buy you time to negotiate a better settlement, but our Texas lawsuit loans are unrestricted in their use. Many of our customers typically use their money for bills and expenses such as:
- Medical bills
- Housing costs
- Daily expenses such as gas and food
- Property damage repairs
- Losses of income
- Choice living expenses
- Pay for personal damages
Remember. Whether you need car accident funding or malpractice settlement loans in Texas, we’ve got you covered. You can get the financial relief you need without taking on debt or risking any of your own money.
Apply for a Lawsuit Loan Today with Tribeca Lawsuit Loans
You don’t need money to qualify for a lawsuit loan near you, and the application is FREE! Head on over to our Apply Now page to get started. Or, we encourage you to get in touch with the funding specialists at our office by calling (866) 388-2288.
We have funded lawsuit loans throughout various counties and cities in Texas, including in the following cities:
- College Station
- Corpus Christi
- El Paso
- Fort Worth
- League City
- Round Rock
- San Angelo
- San Antonio
- Sugar Land
As a trusted lawsuit funding company with decades worth of experience and happy testimonials from helping victims of accidents, we are proud to serve Texans. We are based in Los Angeles with offices in Texas as well as throughout the United States
We serve accident victims in many other states in the country, including (but not limited to) Georgia, Ohio, Oregon, Pennsylvania, Rhode Island, Louisiana, Florida, Iowa, Michigan, Wisconsin, Maine, Utah, Minnesota, Massachusetts, South Dakota, Washington, New York, California, New Jersey, and now Connecticut.
We would be honored to assist your fight for justice! Apply today for a quick and easy lawsuit loan wherever you may live!!
Texas Office Information
AddressTribeca Capital Group, LLC325 N. Paul St, Suite 3100Dallas, Texas 75201Call: 24/7Phone: 866-388-2288
Frequently Asked Questions
Are pre-settlement loans safe?
Texas pre-settlement loans are safe, with no risk to the borrower. Legal funding is structured as non-recourse loans, for which the Internal Revenue Service (IRS) says the borrowers are not personally liable. A non-recourse loan can only be repaid from the loan’s collateral. The collateral in a Texas settlement loan is the lawsuit’s future settlement. Because the loan is non-recourse, your income and assets can never be touched to repay the loan. And, should you lose your lawsuit, you don’t have to repay the settlement loan!
Are pre-settlement loans worth it?
Lawsuit loans, or pre-settlement funding, offer a financial lifeline for plaintiffs during litigation. Despite the debate, they’re considered beneficial depending on the individual’s situation. These loans, funded by various entities, provide immediate financial relief and negotiation leverage. Repayment, extracted directly from the settlement, simplifies the process but may reduce the net amount. Despite potential cost escalation for long lawsuits, the immediate cash flow often justifies the risk. Essentially, a lawsuit loan can be a strategic tool, not just a financial buffer, provided its benefits and risks are weighed carefully.
How much does it cost to apply for Texas lawsuit loans?
No reputable legal lending company will charge you an application fee for a Texas lawsuit loan. Look for another lender if you are asked to pay an application fee or if the funding company is not transparent about all fees and costs. You should also pay only a simple, non-compounding interest rate. The best lawsuit loan companies want you to take home as much of your compensation as possible.
Do I need a personal injury attorney to get a lawsuit loan?
Yes, you need to be represented by a contingency-based attorney to qualify for a Texas lawsuit loan. Usually this is a personal injury attorney. There are a couple of reasons for this requirement. First, plaintiffs represented by an attorney are far more likely to win their lawsuit and get a better settlement than those who represent themselves. So, legal representation benefits both the plaintiff and the lender, who is only repaid if you win your case. Second, the attorney is responsible for disbursing the settlement funds. They take the compensation check, send the lender the portion to repay the loan, then deduct their fees, and finally forward the balance to their client.
What is the minimum insurance of a defendant needed for a lawsuit loan in Texas?
When seeking a car accident lawsuit loan early in your claim, it’s crucial to understand that Texas state minimum policy limits are mandatory for legal funding underwriters. These limits include $30,000 coverage per individual and $60,000 per accident for bodily injury, plus $25,000 per accident for property damage. These limits ensure enough compensation for medical and property expenses due to accidents, while guiding the lawsuit loan payout potential.
Are personal injury settlements taxable in texas?
In general, personal injury settlements or awards are not taxable in Texas. This means that you do not have to pay state income taxes on the amount of money you receive as a result of a personal injury lawsuit settlement or award. However, there are some exceptions to this rule that you should be aware of. If your settlement or award included compensation for lost wages, a tax deduction for medical expenses, or punitive damages, those portions of your settlement or award may be taxable. It is important to consult with an attorney to discuss the specific circumstances of your case.
Can I get legal funding for a class action lawsuit?
Yes, both attorneys and plaintiffs can borrow money on a class action lawsuit in Texas. Similar to other personal injury lawsuits, you can borrow up to 20% of the expected settlement upfront before your class action lawsuit settles.
Why is my lawyer taking so long to settle my case?
Court system procedures take a while, but defense attorneys and insurance companies also deliberately drag our settlement negotiations. It is a strategy designed to protect their clients from paying the full compensation the case warrants. These stall tactics pressure financially stressed plaintiffs to settle early for a small fraction of their case’s value. Sadly, this cynical play is often successful.
Legal funding like a Texas lawsuit loan provides a cash advance on the future settlement. This money enables the plaintiff to pay their bills and relieve financial pressure while affording their attorney the time necessary to negotiate the best possible compensation.
What is the civil lawsuit process typically like in Texas?
In Texas, the civil lawsuit process starts with the plaintiff filing a petition, or a complaint, in the appropriate court. The defendant is then served with the complaint and has a specific timeframe to respond, usually 20 days. The discovery process follows, where both parties exchange relevant information. If the case doesn’t settle, it goes to trial where a judge or jury makes a decision. The entire process may take several months to years, depending on the complexity of the case.