Houston, 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 Houston, Texas
Simply put, a lawsuit loan is a type of financial assistance provided to plaintiffs who are in the thick of battling their legal claims. When you have suffered injuries due to someone else’s neglect or wrongdoing and fighting your case in court, legal proceedings often take time, leaving you in financial distress. Here’s where a lawsuit loan steps in.
Lawsuit loans are unique because they are non-recourse advances on a plaintiff’s future legal settlement. This means if your case doesn’t turn out successful, you don’t owe us anything. Essentially, we bear the risk while you concentrate on getting your life back together.
At LawsuitLoans.io, we fund claims across the scale and that includes various places in Texas. To learn more, plaintiffs are encouraged to visit our main Texas Lawsuit Loans page.
Let’s take the example of a woman named Abigail, a resident of Houston, Texas. While crossing a road, she was hit by a reckless car driver, resulting in serious personal injury. While she’s pursuing her case, her financial responsibilities don’t cease. With potential medical bills, living costs, and the fact that she’s unable to work due to her injury, Abigail decides to apply for a lawsuit loan with LawsuitLoans.io. This financial aid helps her meet her immediate financial needs, allowing her to be patient and pursue the justice she deserves without having to worry about her bills.
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
Lawsuit loans provide much-needed financial relief to plaintiffs involved in legal cases. While waiting for their cases to settle, they can use these funds for living expenses and legal costs. Here’s some state-specific information that might be useful.
| 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 | 2,304,580 |
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Common Case Types We Fund in Houston
At LawsuitLoans.io, we offer pre-settlement funding for a variety of case types. In Houston, some of the most common cases we fund are detailed below.
1. Auto and Other Roadway Accidents
Auto and other roadway accidents involve incidents such as car crashes, motorcycle mishaps, and pedestrian injuries. These occurrences often lead to serious injuries and can result in lengthy legal processes. Our funding can help sustain you during this period.
2. Premises Liability
Premises liability cases involve incidents where a person has suffered an injury due to unsafe conditions on someone else’s property. This can include anything from a slip and fall in a grocery store to an injury sustained at a construction site. Our financial support can be instrumental here as well.
3. Medical Malpractice
Medical malpractice cases arise when a healthcare professional fails in their duty to provide standard care, leading to patient harm. These cases can be complex and drawn out as they require expert testimonies. Our funding can provide financial relief while your case is being resolved.
4. Labor Law Claims
Labor law claims can arise due to various reasons such as unpaid wages, wrongful termination or discrimination. Given the sensitive nature of these cases, our financing solutions are available to assist you throughout the legal procedures.
5. Employment Claims
Employment claims often involve disputes between an employee and their employer over issues like harassment, discrimination, or wage disputes. Our pre-settlement funding can provide the essential support you need while your claim is being settled.
6. Other Personal Injury Claims
We also fund other personal injury claims stemming from incidents not covered in the categories above. Each case is unique, and we provide individual consideration to offer the right kind of financial help needed.
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 Houston?
To secure a lawsuit loan, there are basic eligibility criteria you need to satisfy. First, you must have a valid legal claim against an insurance company, self-insured company or large public entity. Simply put, you are applying for funding due to a pending claim that might result in compensation.
Secondly, you should be represented by an attorney. At LawsuitLoans.io, we work directly with your attorney to garner essential details about your case. This process assures us that you have a strong claim and enhances your chances of obtaining funding successfully.
Last but not least, you need to be 18 years or older. If you satisfy these conditions, then you are a promising candidate for a lawsuit loan in Houston.
Get Started
Apply today and get funds in as little as 24 hours!
Our Houston Lawsuit Loan Process
If you are a plaintiff with a personal injury or other legal claim, and waiting for the legal case to resolve feels like it’s taking forever, you can get pre-settlement funding from LawsuitLoans.io. This process is often referred to as getting a ‘lawsuit loan’. Here’s how our lawsuit loan process works in five simple steps:
- Apply online: Use our easy-to-fill online application form available at LawsuitLoans.io funding application.
- We contact your law firm: After receiving your application, we will reach out to your law firm to discuss the specifics of your case.
- We review your case: Our team of experts will review all the details about your case, including the extent of your injuries and the expected settlement amount.
- You sign a contract: If your case meets our criteria, we will issue a contract detailing the terms of the lawsuit loan. You need to review and sign this contract to proceed.
- You get funds: Once the contract is signed, you will receive the funds. They can be used to cover living expenses, legal fees, medical bills, etc.
Let’s consider an example to illustrate how this works. Suppose John, a victim of a car accident, has applied for a lawsuit loan from LawsuitLoans.io to help cover his medical bills and living expenses while he waits for his case to settle. He fills out our online application form, at which point we contact his law firm to discuss the details of his case. After a thorough review, we determine that John’s case is strong and agree to provide him with a $10,000 lawsuit loan. John reviews and signs the contract, and shortly after, he receives the $10,000 in funding from LawsuitLoans.io.
That’s it! The process is that simple. If you need a lawsuit loan, don’t hesitate to apply online through our website or call us at (800) 340-4973 for more information.
How Much Money Can I Get From my Lawsuit Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s look at an example to understand better. Suppose you are a plaintiff from Houston who had a car accident. Your case has an estimated value of $100,000, but it will not settle for some time. Typically, medical providers get paid around 1/3 of the settlement, the attorney gets another 1/3 of the settlement and you, as the plaintiff, get around $35,000. In this situation, we can advance around 25% of your portion, which would be 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 Houston?
If you are a plaintiff involved in a legal case, you may need funds to cover your living or legal expenses while you wait for the case to resolve. That’s where pre-settlement lawsuit loans come into the picture. LawsuitLoans.io specializes in providing such help.
Once you have submitted your application through LawsuitLoans.io funding application, the team at LawsuitLoans.io will review your case. This review process ensures that all necessary information is gathered to make a prompt and fair decision regarding fund provision.
The best part? The decision-making process is quick. Very quick. In most cases, LawsuitLoans.io makes a decision within 24 hours. Imagine, you could submit your application today and by tomorrow, have a decision regarding your requested loan.
In some exceptional cases, the process might take a little longer. For example, if your case is complex and requires additional time to review. But remember, even in these circumstances, LawsuitLoans.io works diligently to make decisions as quickly as possible.
So, in short, the answer to how quickly you can get a pre-settlement lawsuit loan in Houston from LawsuitLoans.io: incredibly fast.
Pros and Cons of Pre-Settlement Funding in Houston, Texas
In Houston, Texas, pre-settlement funding has both benefits and drawbacks. The main advantage is financial relief. This strategy provides plaintiffs with the funds they need while their legal case is still in progress. They don’t have to worry about how they will pay their bills during this uncertain time.
Another major benefit is early access to funds. This advance allows injured parties to meet their financial needs immediately. It serves as a lifeline for those who cannot wait for the litigation process to resolve before accessing funds.
Furthermore, pre-settlement funding helps reduce the pressure to settle early. Because plaintiffs have immediate access to money for living expenses and legal fees, they can afford to wait for a more favorable settlement or verdict.
The best part is the non-recourse nature of lawsuit loans. In other words, if the plaintiff does not win their case, they don’t have to repay the loan.
However, pre-settlement funding also comes with certain cons. One main drawback is the interest rates which are typically on the higher side. This means that plaintiffs end up paying back significantly more than they borrowed if they win the case and after they receive their settlement or judgments.
Another con is that the industry is often poorly regulated. This lack of oversight can leave clients vulnerable to predatory lending practices.
Moreover, to take advantage of pre-settlement funding, one must have a well-developed case in hand. It requires plaintiffs to hire an attorney who works on a contingency basis. Not everyone may be in a position to fulfill this requirement.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Houston Pre-Settlement Funding FAQs
Are you a resident of Houston who is considering pre-settlement funding? You might have a few questions about this service. We’ve compiled some of the most frequently asked questions by Houstonians on this topic.
How much does it cost to get a lawsuit loan?
Costs can vary depending on the type and duration of the lawsuit. At LawsuitLoans.io, we offer competitive rates that work for your budget. Feel free to reach out to our team with any questions.
Do I qualify for a lawsuit loan?
To be eligible for a lawsuit loan, there are a few requirements you need to meet. This includes having an active legal claim or lawsuit, hiring an attorney, and being prepared to repay the loan when your lawsuit is settled. Always contact us for clarification about your specific situation.
If you have bad credit, can you get pre-settlement funding in Texas?
Yes, your credit score is not a major determining factor in pre-settlement funding. At LawsuitLoans.io we look at the merits of your case rather than your credit history. Hence, even with bad credit, you can still qualify for our pre-settlement funding services in Texas.
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!
Houston, TX Cases we Fund
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Houston. Read more about the personal injury cases we fund in Houston 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 Houston here: