Texas Litigation Funding Services

You may file a personal injury claim but have no idea when you may get compensation. In the meantime, you still have bills to pay. With Texas law firm services, you may be able to get the financial help you need to avoid debt and pursue your case to the fullest extent.

Rockpoint Legal Funding is a top choice for Texas litigation funding services. Our team is available to discuss our pre-settlement loan options with you. For more information, reach out to us.

Litigation Funding Definition

With litigation funding, you may receive money you can use based on a projected personal injury case settlement. For example, you may suffer an injury in a head-on collision due to another driver’s negligence, and you can use Texas legal funding lawyers. If you file an injury claim, you may be able to ask for a pre-settlement loan based on the amount of money that may be awarded to you. 

Pre-settlement funding and a personal loan are not identical. The application process tends to be much faster with a lawsuit loan versus a personal one. Also, you may not need to undergo a credit check to get legal funding, while one may be required to secure a personal loan. 

At Rockpoint Legal Funding, we make it simple to request a lawsuit loan. Our team can teach you about our litigation funding services in Texas. To learn more, get in touch with us. 

Why Litigation Funding Is Important

In Texas, there is a two-year statute of limitations for filing a personal injury claim. You may have up to two years from the date you get hurt due to someone else’s negligence to seek damages. Even if you submit a claim, there is no guarantee you will get compensation. 

For example, an at-fault party’s insurance company may do everything in its power to avoid paying out your claim. Or, this party may commit time and resources to dispute your case against them. In either of these scenarios, you may wind up having to cover your losses out of your own pocket. 

With litigation funding, you get financial assistance while you are in the middle of your injury case. If you do not win or settle your case, there is no need to worry. If this happens, your legal funding company will cover 100% of your pre-settlement loan balance. 

Legal Funding Benefits

The requirements to get a personal loan tend to be strict. Fortunately, the requirements to secure legal funding are usually much less stringent. You may even be able to receive litigation funding if you have a low credit score. 

Pre-settlement funding may be more flexible than a personal loan. You do not have to make monthly payments with a pre-settlement loan. The repayment process gets underway at the conclusion of your case. 

Thanks to a litigation loan, you may have the funding you need to pay your bills and keep your case going. Your loan may help you boost your chances of getting a fair settlement. Since you may not have to rush through your litigation due to your finances, you may be able to work with your attorney to prepare a compelling argument that helps you secure the most compensation possible. 

Lawsuit Funding Requirements

A legal funding company may answer frequently asked questions and many others about its loan options. If you are considering a legal loan, the business can explain its requirements. In many instances, plaintiffs have no trouble securing legal funding right away. 

You may have to hire an attorney to represent you before you can apply for a pre-settlement loan. If you have a lawyer at your side, you may be well-equipped to present a compelling argument. Your attorney may handle communications with your legal funding company and keep the business up to date on your case. 

Outside of this, you may have to provide your contact information and details about your injury case to a litigation funding provider. From here, a funding provider may determine just how much money it can give you. It may then put together a personalized loan quote. 

Litigation Funding Application Process

You may have the option to apply for litigation funding online or over the phone. It may take only a few minutes to complete this process. You may not have to pay anything to submit your application. 

If you have concerns or questions as you complete your application, it may be helpful to connect with a lawsuit funding company’s pre-settlement loan specialists. After you submit your application materials, you may receive a loan quote as soon as the same day. You may review the quote and decide if you want to move forward with legal funding. 

Once you accept a pre-settlement funding quote, it may not take long to receive your money. Your litigation funding provider gets your money to you as soon as it can. They stay up to date on your case through your attorney, and you only repay your loan if you get compensation. 

Pre-Settlement Funding Repayment

In the best-case scenario, you get the maximum amount of compensation in your personal injury case. If you previously received a lawsuit loan, you will now have to pay it back. Your attorney can help you complete the repayment process. 

After you receive your compensation, your lawyer may deduct what you owe your legal funding company from this amount. They may then pay the business, so your loan balance is clear. Your attorney may give you the remainder to close your case. 

If you do not get a settlement, you are not responsible for your legal loan balance. In this situation, your attorney will notify your litigation funding company. At this time, the business will clear your loan balance, and you keep the money that was already given to you without any penalties. 

Explore Litigation Funding in Texas

The team at Rockpoint Legal Funding values ethics, efficiency, and flexibility. We are happy to help you evaluate our legal funding options and get a pre-settlement loan that lines up with your expectations. To get started, contact us today.