What are pre-settlement loans in Texas?
These types of loans are given to plaintiffs in lawsuits as a line of credit so that they may pay for their immediate needs while waiting for the outcome of their case. Essentially, anyone involved in a personal injury lawsuit, a car accident claim, or any litigation anticipating a cash settlement can seek support from USA Settlement Loan to relieve themselves from financial distress. These pre-settlement loans cover the gap until the legal award is received.
Different from the rest of the loans, pre-settlement loans in Texas are non-recourse, which simply means you do not have to repay if you lose the case.
How Do Pre-Settlement Loans Work in Texas?
At USA Settlement Loans, the process of applying for these loans is simple and hassle-free.
Online Application:
Apply online and provide basic information regarding your lawsuit.
Attorney Collaboration:
We then speak to your attorney to determine how strong your suit really is.
Approval and Funding:
Within 24 hours of approval, your account will receive the payment.
Payment Upon Settlement:
We will deduct the loan repayment from the settlement amount only after we win the case.
Types of Cases Eligible for Pre-Settlement Loans From Texas
There are many categories of pre-settlement loans, some of which are:
Personal Injury Cases:
Personal injury cases include injuries from slips and falls, dog bites, and work-related injuries.
Car Accident Cases:
These are accidents involving cars, trucks, or motorcycles in which there is no dispute over liability.
Medical Mal practice Lawsuits:
Injuries due to negligence from medical staff or death deemed wrongful.
Workers’ Compensation Claims:
Any work-related injuries that result in permanent disabilities.
Wrongful Death Claims:
Grants are given to families of deceased persons awaiting reimbursement for their loss.
Why Select the USA Settlement Loan for Pre-Settlement Loans in Texas?
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Quick and simple approval.
We appreciate how settlement delays can impact you financially. We guarantee 24-hour approval for nearly all applicants via our fast, simple application process. -
No employment verification or credit check is required.
Pre-settlement loans accept less qualifying criteria than average, meaning they don’t require employment verification or credit score checks. The only factor that determines approval is the strength of your legal suit. -
Risk-Free Financing
If you lose your case, there is no obligation to pay back the loan. Our funding is considered non-recourse, which means there is no financial risk at all. -
Competitive Interest Rates
We offer some of the most competitive rates in the state of Texas, guaranteeing that you benefit financially without incurring high costs in fees. -
Same-Day or Next-Day Cash Availability
Once your application is approved, the funds can be accessed immediately to pay medical bills, rent, utilities, etc.
Benefits of Pre-Settlement Loans for Texas Plaintiffs
- Cover Daily Living Expenses: Eliminate economic burden while waiting for the settlement.
- Prevent Eviction and Utility Shutoff: Stay up to date with rent and utility payments without the stress of late fees.
- Pay Medical Bills on Time: Make sure you get the necessary treatment without waiting on settlement funds.
- Negotiate a Better Settlement: Having financial stability gives your attorney the ability to offer a better settlement deal.
Eligibility Criteria for Pre-Settlement Loans in Texas
For you to be eligible for a pre-settlement loan in Texas, you need to:
- Have a strong pending lawsuit that you are likely to win.
- Be enrolled with an attorney who is actively working on your case.
- Give case information that proves there was an accident and that there is a possibility of recovery.
Texas Laws Concerning Funding Provided Via Pre-Settlement Loans
In Texas, pre-settlement loans can legally be issued as a means of funding. Because these loans lack recourse, they operate very differently from standard bank loans. If the borrower wins their case, the bank receives repayment; otherwise, the lender bears the financial burden.
How to Request a Pre-Settlement Loan in Texas
Complete the Online Application:
Fill out the basic personal and case-related information.
Attorneys Review:
Your attorney has to partner with us for case assessment and estimating chances of achieving a favorable outcome.
Loan Approved and Funds Disbursed:
The borrower receives the funds within two days of the loan’s sanction.
Important questions related to pre-settlement loans in Texas
1. How long does it take for approval to go through?
Most applicants will receive approval within 24 hours if the attorney provides the necessary documents.
2. What if My Case Turns Out Unsuccessful?
In the event you lose, there is no amount owed. Unless the claim is successful, settling the loan does not require payment.
3. Is it legal to offer loans to pre-settlement providers in Texas?
Indeed, state laws designed to protect plaintiffs cover these types of loans in Texas.
What Makes Trust USA Settlement Loans for Pre-Settlement Loans in Texas Unique?
- Respected: USA Settlement Loan is trusted by thousands of plaintiffs from all over Texas.
- Vetted and Experienced: Our legal funding specialists are knowledgeable in almost all fields of legal funding as well as Texas law.
- Comprehensive Coverage: We provide personalized loan products to all our clients.
Reach out today for pre-settlement loans in Texas.
Financial burdens no longer need to hinder your pursuit of justice. Using USA Settlement Loan’s fast, rigid funding options allows you to sit back and await your settlement with minimal stress. Simply fill out the form and get help today!
Apply Online for Texas pre-settlement loans
Pre-settlement loans in Texas are a safety net for plaintiffs who are in desperate need of assistance. With USA Settlement Loan, you don’t have to worry about the funds being available or the risk that comes with it because there is none. Apply now and relieve yourself of the financial burden while awaiting justice.