McAllen lawsuit loans are a way to draw money from your settlement before it finishes. If your savings are running low because you can’t work and your settlement is taking too long, Tribeca Lawsuit Loans can help you.
We have offices across the country and can provide service to residents of McAllen and other Texas cities. The application process is simple. Just answer a few questions about your case and we will see if you qualify.
Who Can Get a Lawsuit Loan in McAllen?
McAllen pre-settlement funding can exist only if there is a lawsuit to draw from. Thus, the first qualification is to have a lawsuit or claim in progress. Many of our clients find they misjudge how long it can take for a trial to finish and run out of money. That’s why pre-settlement funding in McAllen exists, and why they’re called that.
The second qualification is to have a lawyer working on your case. We need to know certain facts about your case to know how much to offer and what your interest rate will be. Your lawyer is the person who gives us this information.
If you have both of these, then your case will probably qualify for funding. If it is denied, the reason will be your case. We don’t ask any embarrassing and invasive financial questions as part of our loan process, ever.
What Determines How Much Legal Funding in McAllen You Can Receive?
The reason we don’t ask financial questions is because of how our loans are structured. We offer non-recourse loans. The only collateral we can collect on is the settlement. We cannot take any of your other assets if you lose your case.
Thus, we need to know you have a strong case and one with enough value. Value gives your settlement room to make a loan offer without threatening to take too much. It’s a balance between giving you enough now and making sure you still get a big payout at the end of your lawsuit.
There are also legal factors that can change how much compensation you can qualify for. One of these is Texas’ fault laws.
How Personal Injury Law Affects McAllen Lawsuit Loans
Texas uses a modified comparative fault law for judging who is responsible for claims. As long as you are less than 51% responsible for your accident, you can file a lawsuit. However, if you share some of the percentage, you’ll lose money.
Your percentage of fault reduces your final compensation by that percentage. This means that we must take this percentage into account when we analyze your case. While this is something decided by a court, your lawyer will have enough information to help us make a decision.
Another law with a major impact is the statute of limitations. This is the deadline for filing a lawsuit. If something is holding up the settlement negotiations and the deadline to sue is approaching, that can put your McAllen legal funding application in jeopardy.
Apply for McAllen Pre-Settlement Funding for FREE
All applications to Tribeca Lawsuit Loans are free and confidential. You can reach us by phone or email, or use the big Apply Now button on top. Fill out a short questionnaire and we will have an answer for you as soon as possible.
If you are approved, you could have the money put into your account in just 24 hours. Larger loans will take longer due to financial laws. Tribeca is authorized to lend up to $1 million dollars from your settlement.