You can suffer a personal injury in Houston, TX, and file a lawsuit against the party responsible for it. Once you submit your claim, it may take months or years before you get a settlement. However, you can request Texas legal funding to receive money based on your projected settlement amount.
At Silver Dollar Financial, we offer Houston pre-settlement loans to plaintiffs involved in a wide range of personal injury cases. For more information, please reach out to us. We can take a look at your case and help you determine if now is the right time to request a lawsuit loan.
When to Request Pre-Settlement Funding in Houston
In Texas, you have up to two years to file a personal injury lawsuit from the date you suffer your injury, per the state’s statute of limitations. This means anyone who gets injured in Houston can request a lawsuit loan within this time frame. You can ask for a lawsuit loan if you are involved in many different types of personal injury cases, such as:
A negligent driver can hit your vehicle and cause an auto accident that leaves you with a personal injury. You can submit a personal injury claim against the at-fault motorist. From here, you can request a Houston car accident loan, which gives you money that you can use until your case is settled.
You ride your motorcycle safely, but there is no guarantee that a motorist will drive their car the same way. If you are involved in a motorcycle crash that occurs due to no fault of your own, you can sue the at-fault party. In addition, you can submit an application for a Texas motorcycle accident loan.
A truck driver can lose focus behind the wheel and strike your car. In this situation, you can suffer a personal injury and sue the driver, their employer, or both. As you await the result of your case, you can receive money from a Texas truck accident loan.
Silver Dollar Financial is a leading choice for pre-settlement funding in Houston. Our team can teach you about lawsuit loans, how they work, and their benefits. To learn more, please reach out to us.
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What You Get with a Houston Pre-Settlement Loan
A pre-settlement loan does not work the same way as a traditional loan from a bank or credit union — and for good reason. This type of loan allows you to receive money contingent on the result of your personal injury lawsuit. There is no need to submit information about your credit history or income, and you do not have to repay your loan unless you win or settle your case.
With pre-settlement funding, the application process is fast and seamless. You only need to provide your contact information and details about your case. Next, you can find out what lawsuit loan options are available to you.
You can apply for a pre-settlement loan at any time after you file your lawsuit. A lawsuit loan company may be able to respond to your application within 24 hours. It can provide you with a personalized pre-settlement funding quote.
What You Need to Provide to Get a Pre-Settlement Loan in Houston
You need to hire an attorney before you can apply for lawsuit funding. The lawsuit loan company and your attorney will work together to handle your pre-settlement funding. Your lawyer will keep this company up to date about your case.
To submit an application for a lawsuit loan, you only need to provide information regarding you and your case. Unlike a personal loan application, no credit check is performed. Also, your lawsuit loan company does not ask you for details about how much money you have earned or other financial information.
As soon as your lawsuit loan request is approved, you get a pre-settlement funding quote that includes a simple interest rate. Your lawsuit loan company makes the terms of your pre-settlement funding clear. If you have any pre-settlement loan questions, the company’s lawsuit funding professionals can answer them.
How Much Money You Can Get with Houston Pre-Settlement Funding
The amount of money that you can get with Houston lawsuit funding depends on your case. Your lawsuit loan company will look at several factors regarding your case to determine how much money it can provide. These factors include:
- The strength of your case
- When your case may be settled
- How much money you may get from a settlement
Some lawsuit loan companies offer pre-settlement funding that ranges from $1,000 to $100,000. No matter how much money you get from a lawsuit loan, you can use it however you choose. On top of that, you only have to pay back your pre-settlement funding if your case is successful.
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What You Need to Do to Settle Your Houston Legal Funding
If you win or settle your case, you will get a settlement check. The defendant sends this check to your attorney. Typically, your lawyer may deduct any outstanding legal fees from this check, and then pay you the remaining amount.
For those who receive a pre-settlement loan and win or settle their case, your attorney will still get a settlement check. Instead of potentially taking their legal fees out of the check and paying you the remainder, your lawyer will remove the amount you owe for your legal funding from it. Next, your lawyer gives you the rest of the money from your settlement, and your case is closed.
Comparatively, if you do not receive a settlement, you do not have to worry about paying back your lawsuit funding. At this point, your attorney notifies your lawsuit loan company about the case result. Finally, the company clears your legal funding balance, and you keep the money that was already given to you.
Get Started with Houston Pre-Settlement Funding
Silver Dollar Financial has a three-step process for getting lawsuit funding in Houston. Our pre-settlement loan specialists can walk you through this process and help you get a lawsuit loan right away. Please contact us today to request a free, no-obligation lawsuit loan quote.