Killeeen lawsuit loans are available if you’re in search of financing for your settlement negotiations or trial. A settlement can take months or even years to resolve, and you could watch your award slip away as you settle for less simply due to financial pressure.
With a Killeen lawsuit loan, also known as pre-settlement funding, you can avoid the strain of mounting medical bills, rent and mortgage payments, and general living expenses. Find out how legal funding can help you get an advantage in your settlement negotiations in Texas.
What Is a Killeen Lawsuit Loan?
A Killeen lawsuit loan is a loan that treats your expected settlement as collateral. You can borrow against this to pay for expenses you might face now. For many plaintiffs, these expenses can cause them to settle early and for a lower award than they could have obtained if they could afford to fight a long legal battle.
Defendants know this, and it’s likely that the opposing party in your case will try to drag out negotiations in the hope of forcing you to settle for less. This is especially likely if you’re facing a well-funded defendant who will most likely have to pay damages to you. Legal funding helps you resist these pressure tactics and bring in the maximum settlement.
Are Lawsuit Loans Legal in Texas?
In short, yes, lawsuit loans are legal in Texas and can likely be used for your settlement negotiations. In fact, Texas was the birthplace of the modern legal funding industry, which has grown across the country in recent years. Texas remains the most accommodative state for the injury and for plaintiffs, making it easy for you to obtain the Killeen legal funding you need here.
What Are the Advantages of Killeen Lawsuit Loans Over Other Types of Financing?
Killeen lawsuit loans offer several distinct advantages over other types of financing you might turn to, such as credit cards, personal loans, or even second mortgages.
- Low Interest rates
- No credit or background check
- Same-day cash
Unlike other types of debt which place your personal assets at risk, Killeen settlement loans are nonrecourse. This means that the only collateral and potential source of repayment will be your settlement itself. As a result, the only thing a legal funding company will take into consideration when deciding if they will lend to you is the quality of your case, not your personal finances.
This makes a pre-settlement loan a risk-free way to finance your legal fight. If you happen to lose your case, you won’t need to repay the loan. If your settlement is less than you thought it would be, you won’t owe more than you borrowed. This is unlike a credit card or personal loan, which you would need to repay regardless of the outcome of your case.
How Do You Qualify for a Killeen Pre-Settlement Loan?
In order to qualify for a pre-settlement loan in Killeen, you’ll need to meet just a few criteria:
- You’ve filed a lawsuit
- You’ve hired a lawyer on a contingency basis
It’s very easy to qualify for legal funding so long as you meet the above two conditions. Many people who are involved in a lawsuit against an insured party will be able to obtain legal funding if it looks like they are set to receive some amount of a reward for their settlement.
However, we will need your lawyer’s approval in order to provide you with pre-settlement loans. This is because they will be the ones to pay us from your final settlement. Some lawyers don’t want to involve a third-party in this process. If your lawyer doesn’t want to work with us, we won’t be able to fund your case unless you find a new attorney.
How Much Can You Borrow From Your Texas Settlement?
The amount you can borrow from your settlement will vary from case to case. Unfortunately, we’re not able to provide you with an estimate of how much legal funding you’d qualify for your case until we evaluate it.
Though we can;t say how much we’ll be able to offer you, we can say that we’ll offer low, simple interest rates. This will leave you with more of your settlement to take home by the end of your case. This also provides you with a margin of safety you won’t find from other lenders or forms of debt you might take on.
Need Money For Your Settlement? Get a Killeen Lawsuit Loan Today!
At Tribeca Lawsuit Loans, we can offer you up to $1 million in Killeen legal funding within 24 hours of applying. It takes just a few minutes to complete an application on our website or with one of our live agents. You could be approved within hours, and we can deposit your legal funding in your bank account so that it’s ready to spend on whatever you want in a day or less.
Legal funding can transform your settlement negotiations and give you the upper hand. With a lawsuit loan, you won’t have to worry about taking an early settlement just to pay off some of your bills. Get in touch with us today and we can guide you through the process to obtain the cash you need.