McKinney lawsuit loans are now available if you’re in need of financing for an ongoing lawsuit. It can take months and potentially even years before you see an award from your lawsuit. With pre-settlement funding, as lawsuit loans are sometimes called, you can get that cash now.
Lawsuit loans can be an attractive financing option for plaintiffs in Texas for a variety of reasons. They’re especially useful if you’re up against a defendant with deep pockets and plenty of time to spare. Find out if a lawsuit loan is suitable for your needs and what you can expect from one.
How Do McKinney Lawsuit Loans Work?
Many plaintiffs are forced to settle their lawsuits early simply because they can’t afford to keep up a long legal fight. Unfortunately, this means they often leave a substantial amount of money on the table. If they didn’t face financial pressures from mounting medical bills, rent or mortgage payments, and the costs of general living expenses, they might obtain the maximum award.
A McKinney lawsuit loan can give you the breathing room you need to stay in your legal fight. Pre-settlement funding allows you to borrow against the expected future value of your Texas lawsuit. What’s more, since your lawsuit serves as collateral for the loan, you don’t have to pay anything back if you lose, as legal funding is a nonrecourse debt.
Types of Lawsuits Covered By a McKinney Lawsuit Loan
A McKinney lawsuit loan can be used in a wide variety of cases, including (but not limited to) the following:
- Car accidents
- Personal liability cases
- Medical malpractice
- Defective device
- Premises liability
- Slip and fall
- Nursing home abuse
- Wrongful death
If you’ve filed a lawsuit against another insured party, then it’s highly likely that you qualify for a McKinney pre-settlement loan. We can guide you through the application process if you have any questions about your case.
How Much Do McKinney Lawsuit Loans Cost?
The amount you can expect to pay for a McKinney lawsuit loan depends on the quality of your case, not your credit score or assets. We’re unable to give a precise estimate of how much your legal funding can cost until you apply. Every case is different, which means that each client of ours will face their own pricing structure, as is the case with all legal funding companies.
While we can’t give you an exact estimate of how much your McKinney lawsuit loan will cost, we can tell you what to look for from a reputable lawsuit loan lender’s offer. Your loan should have a low, simple interest rate, as a high, compounding interest rate can quickly take up your whole settlement. Additionally, there should be no hidden fees, leaving you with most of your award.
How Do You Qualify for a McKinney Lawsuit Loan?
In order to qualify for a lawsuit loan in Texas, you’ll need to meet some basic criteria:
- You have filed a lawsuit
- You have retained a lawyer on a contingency basis
So long as you meet these two conditions, it’s likely that you’ll qualify for pre-settlement funding. Once you apply with a lender, they’ll evaluate your case and make a determination as to how much funding they’re willing to offer you. The only factor that will influence the amount of funding you’re offered is the quality of your case, not your personal finances.
However, there is one catch to pre-settlement funding: your lawyer needs to agree to it. If your attorney refuses settlement loans, then we’ll be unable to lend to you. However, we may be able to assist you if you find another lawyer who is accepting of third-party funding.
Need Cash for Your Settlement? Apply for a McKinney Lawsuit Loan Today!
Tribeca Lawsuit Loans can offer you a minimum of $500 and a maximum of $1 million in legal funding for your settlement case. Applying takes just a few minutes and can be done through our website or with a live agent. You could be approved and receive money in your account within 24 hours, making this a great financing option if you’re facing imminent expenses.
We believe you should have all of the resources you need to complete your fight for justice and are ready to provide them. We’ve streamlined our process to make it easy to get a McKinney lawsuit loan fast and when you need it most. Contact us today to begin this process and you could soon receive the legal funding you need to get the full settlement you deserve.