Austin, TX Lawsuit Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
What Are Lawsuit Loans in Austin, Texas
A lawsuit loan, also known as pre-settlement funding, is a financial solution designed for plaintiffs like you who are waiting for the resolution of their legal case. If you’ve suffered from a personal injury and have a pending legal claim, you might be eligible for this kind of funding. The unique aspect of lawsuit loans is that they are non-recourse advances. This means that you will only pay back if you win your case.
At LawsuitLoans.io, we provide funds to plaintiffs across all of Texas. You can visit our main Texas Lawsuit Loans page here for more information.
Let’s illustrate how a lawsuit loan works with a hypothetical example. Meet Richard, a resident of Austin, Texas. Richard was recently injured in a slip-and-fall accident and not been able to work since then. While waiting for his court proceedings, Richard found himself in financial distress. In need of financial support to handle his medical bills and everyday expenses, Richard decided to apply for a lawsuit loan. He submitted an application to LawsuitLoans.io and received pre-settlement funding once approved. This funding supported him financially until his case settled. Richard only had to repay the advance when he won his case. If he had lost, he would not have to repay anything.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Important Texas Lawsuit Loan Information
This section presents crucial details about lawsuit loans in Texas. It provides a summary of general statistics associated with average and largest loan amounts provided by LawsuitLoans.io, local semi-annual rates, and more. Please refer to the table below for further insights.
| Average loan amount by LawsuitLoans.io in Texas | $10,473.47 |
| Largest loan by LawsuitLoans.io in Texas | $182,596.60 |
| Average semi-annual rate in Texas | 21.1% |
| Median personal injury verdict in Texas | $12,281.00 |
| Texas statute of limitations | 2 Years; Civ. Prac. & Rem Code Title 2 Ch. 16 Section 16.003 |
| Texas fault laws | Texas is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
| Houston population, 2020 | 961,855 |
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Common Case Types We Fund in Austin
At LawsuitLoans.io, we specialize in providing funds to a wide range of cases. Some of the most common case types that we fund in Austin include auto and other roadway accidents, premises liability, medical malpractice, labor law claims, employment claims, and other personal injury claims.
Auto and Other Roadway Accidents
This category includes auto accidents that cause personal injury. They can happen on any road or highway. We provide prompt and reasonable funding to help plaintiffs manage their financial needs during these trying times.
Premises Liability
Premises Liability refers to accidents that occur due to unsafe or defective conditions on someone’s premise. If you or your loved one is injured on another person’s property, you may be eligible for our lawsuit funding services.
Medical Malpractice
Medical malpractice occurs when there is a violation of the standard of care by medical professionals leading to injury or death. If you are waiting for your medical malpractice claim to resolve, consider applying for our lawsuit loan to cover your living expenses.
Labor Law Claims
We also provide funding for labor law claims. This encompasses cases where employers violate wage and hour laws or commit other employment-related offenses.
Employment Claims
Any wrongful conduct by an employer like unfair dismissals, discrimination, or harassment, fall under the employment claims category. We provide pre-settlement funding to help you carry on with life while your suit is ongoing.
Other Personal Injury Claims
Aside from the above, we offer financial assistance for several types of personal injury claims. This could range from product liability cases, defamation to assault claims.
Remember, we are here to ease your financial stress while you wait for your lawsuit to resolve. Don’t hesitate to reach out to us through our website LawsuitLoans.io or call our toll-free phone number (800) 340-4973. You can also directly apply for funding through our LawsuitLoans.io funding application.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Lawsuit Loan in Austin?
Understanding the eligibility for lawsuit loans is crucial. Are you wondering whether you qualify? Let’s unpack the primary criteria you need to meet.
Firstly, you must have a valid legal claim. This can either be against an insurance company, a self-insured company, or a large public entity. It’s important that your claim meets the legal requirements for it to qualify.
Secondly, having an attorney is another important criterion. Your attorney plays a significant role in helping you get your lawsuit loan. Therefore, you cannot qualify for this loan if you don’t have one.
Lastly, you must be at least 18 years old. Age is a fundamental requirement in this process. If you are underage, you may need to have an adult co-sign the application for you.
Each of these factors contributes to your eligibility for a lawsuit loan in Austin. Do ensure you meet them before proceeding with your application.
Get Started
Apply today and get funds in as little as 24 hours!
Our Austin Lawsuit Loan Process
Understanding the lawsuit loan process is crucial for every plaintiff seeking funds from LawsuitLoans.io. We’ve set up a seamless and quick system that ensures plaintiffs get funds as they await resolution of their cases. This involves five simple steps underlined below.
Step 1: Apply Online
The process begins with an application. You can apply right now using our dedicated funding application portal located at LawsuitLoans.io funding application. Fill in the required details to set the ball rolling.
Step 2: We Contact Your Law Firm
Once we receive your application, we proceed to contact your law firm. Here, we seek to verify the details you provided during application and gather case-related information to assist in the review phase.
Step 3: We Review Your Case
After obtaining all necessary information from your law firm, a comprehensive case review is conducted. Our team of experts assesses the strength of your case, chances of winning, and potential settlement amounts.
Step 4: You Sign a Contract
Following a successful case review, we’ll send you a contract to sign. The agreement will outline key details including the loan amount, repayment terms, and more.
Step 5: You Get Funds
Immediately after signing the contract, you receive your funds. It’s that prompt.
To illustrate, let’s consider an instance where John, a resident of Austin, is injured in a car accident and files a personal injury claim. After filing his case, he applies for a lawsuit loan with LawsuitLoans.io. Following his application, we contact his law firm to obtain key case details. Once this information is received, we conduct a comprehensive case review. After successful review, John signs an agreement with us and receives his funds shortly thereafter. Hence, even while his case is being resolved, John can comfortably handle his personal expenses.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. Our team can advance up to a maximum of 25% of your expected share of the settlement if your legal case is still ongoing.
If your case is already resolved, we are capable of offering you 50% of your estimated portion from the settlement.
To give an illustration: Let’s consider a plaintiff based in Austin, who is part of a car accident lawsuit with a settlement valued at approximately $100,000. The lawsuit is yet to be settled and will need some time for resolution.
In terms of the planned distribution of the settlement; medical service providers are scheduled to receive about 1/3 of the settlement amount, and the attorney’s fee accounts for another 1/3. This leaves the plaintiff with around $35,000.
In a situation like this, at LawsuitLoans.io, we could potentially advance around 25% of that amount. In other words, the plaintiff could receive an advance funding of approximately $8,250.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
How quickly can I get a pre-settlement lawsuit loan in Austin?
If you’re a plaintiff with a legal claim in Austin and are in urgent need of funds, LawsuitLoans.io has got you covered. The process is swift. You need to submit your application first. You can do this by visiting our funding application page. Once done, leave the rest to us.
After receiving your details, our team will review your case. This involves thoroughly examining the specifics of your lawsuit. Our team works efficiently to avoid any delay. LawsuitLoans.io aims to announce a decision within 24 hours after receiving your application. In that way, you can get the funds you need quickly!
Let’s consider an example. If you submit your application on Monday morning, we strive to provide a decision by Tuesday morning. If approved, funds can be transferred to you swiftly. With LawsuitLoans.io, there’s no long waiting period. We understand how important these funds can be for your needs during the course of the lawsuit.
In conclusion, the speed of securing a pre-settlement lawsuit loan from LawsuitLoans.io is reliable and swift, especially for plaintiffs in Austin who need funds urgently. Remember; quicker submission of your application results in faster processing.
Pros and Cons of Pre-Settlement Funding in Austin, Texas
When you’re fighting a lawsuit in Austin, Texas, pre-settlement funding can be a lifeline. Many plaintiffs find themselves struggling financially as they wait for their legal case to resolve. Pre-settlement funding, such as that provided by LawsuitLoans.io, can alleviate some of the financial stress they may be experiencing.
The benefits of pre-settlement funding are considerable. Firstly, it provides instant financial relief, allowing non-working or partially working plaintiffs to pay for life necessities. Secondly, plaintiffs receive early access to funds, which aids them well before their case resolves.
Moreover, with pre-settlement funding, there is less pressure to settle your case early. Instead, plaintiffs can focus on getting the best possible outcome in court. And lastly, there is the non-recourse nature of lawsuit loans. This means, if you lose your lawsuit, you’re not required to repay the loan.
Despite these advantages, there are also some concerns to consider with pre-settlement funding. They generally have relatively high interest rates, making the final repayment amount considerable.
Besides, the pre-settlement funding industry is largely unregulated, or at least under-regulated. This might potentially lead to some providers exploiting plaintiffs. Therefore, it’s essential to choose a reputable, transparent provider like LawsuitLoans.io.
Lastly, to qualify for pre-settlement funding, you must have a well-developed case. Moreover, you should be working with an attorney on a contingency basis. This can limit the range of plaintiffs who are eligible for a lawsuit loan.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Austin Pre-Settlement Funding FAQs
In this section, we are going to address some common questions many Austin residents have about lawsuit loans and the pre-settlement funding process.
How much does it cost to get a lawsuit loan?
The cost of a lawsuit loan can vary based on many factors. Each case’s specific details, including potential settlement amount and risk assessment, have a direct impact on the cost. However, rest assured that at LawsuitLoans.io, we do our best to provide you affordable, transparent rates. We highly recommend you to request a free quote for a precise cost.
Do I qualify for a lawsuit loan?
Most of the clients who approach us for a lawsuit loan have a pending lawsuit, have hired an attorney, and are waiting for their case to get resolved. If you fulfill these conditions, chances are high that you will qualify for a lawsuit loan. For further clarification, please consider calling our toll-free phone number (800) 340-4973 or fill out our funding application.
If you have bad credit, can you get pre-settlement funding in Texas?
Yes, having bad credit should not ordinarily hinder you from receiving pre-settlement funding in Texas. At LawsuitLoans.io, we primarily assess your case’s merits rather than your credit score. We understand that facing a lawsuit can cause financial stress, and we strive to ease that burden without delving into your credit history.
Other Cities we Service in Texas
LawsuitLoans.io provides funding throughout Texas. See more about our funding in other key Texas cities by visiting the pages below:
Get Started
Apply today and get funds in as little as 24 hours!
Austin, TX Cases we Fund
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Austin. Read more about the personal injury cases we fund in Austin here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Austin here: