What is an asset based loan? An asset-based business line…
San Antonio Lawsuit Funding
No matter what type of legal issue you have pending in San Antonio, you need a professional and experienced lawyer working on your side who you can trust. Such a case may seem prohibitively expensive to you at the moment, to the point that you may consider dropping the case altogether. We urge you not to do that, as you have options on the table. If you have a strong case and do not have the money to fight it on your own, lawsuit funding is a way to get the justice that you deserve in the end. With such a loan, you do not pay anything unless your case is won. Imagine being injured and unable to work. This is a way to help you get your financial feet back under you once again.
Pre-Settlement Funding Explained
As its name implies, this is a way of getting the money that you need to fight a legal battle in court. You will essentially be given the funding that you need now in anticipation that you will win the case. When that happens, you will then give up a percentage of that award in order to satisfy the terms of the loan. This is a type of funding that can give you the financial means to fight through the temptation to drop a personal injury claim and make sure that you see it through to the end. All such funding options will come with a contingency attached. In other words, you will pay nothing unless your case is won.
Many people wonder how long it will take to get approved for such legal funding in San Antonio. The process is actually quite simple and can often be completed in a few minutes. There are no credit checks involved. In fact, the lending company is only concerned about the merits of your case. Once the company speaks to your attorney and makes the determination that your case has substantial merit, you may receive the money in just about an hour. You can have the funds wired to you or directly deposited into your bank account.
How Much Money Can I Borrow?
This is a question that many people ask. In most cases, you may be able to borrow up to 15% of the anticipated value of the claim that you have pending in court. As an example, you will be able to borrow up to a total of $7,500 if you have filed a $50,000 auto injury claim. You do not have to borrow this full amount if you choose not to. The rates of the loan do vary depending on various circumstances. Just check with the lender when the time comes to request your loan in San Antonio.
Qualifications for a Lawsuit Loan
There are certain qualifications that you need to meet before being granted a lawsuit loan. These are rather straightforward. To begin, you do need to have a lawyer already hired on a contingency basis. Most attorneys today will accept a case that has merit without expecting any fees up front. You will also need to demonstrate that you have a financial claim against a party that has insurance. Some at-fault parties will be self-insured, such as the case with government agencies and many large companies, so this would qualify as well. Finally, you need to show that your claim is legitimate. You can do this by demonstrating how you were injured and that it was not your fault. The stronger your case is, the more likely you are to be approved for the loan.
Types of Case That Qualify
There are many legal issues that will qualify for lawsuit loans. Most personal injury claims made against an insured party will qualify you, as long as you are over the age of 18. Personal injury cases qualify, as do issues related to police brutality or medical malpractice. For a full list of qualifying cases, just talk to us.
If you feel that you qualify for lawsuit funding and are ready to get the financial freedom that you need while your case is being fought, it is time to talk to us. You do have options.