If you have been injured and are now in the process of settling your lawsuit, you know that life keeps moving forward. Your living expenses and bills don’t disappear; they continue to accumulate. You may also face medical bills resulting from your injury.
Your injury may have left you disabled. You may require help to go about your everyday tasks. Even if you know that you will win your case and eventually get a cash settlement, there is a time when not having that cash puts stress on you financially. We at Legal Funding Group can help you get the money you need with pre-settlement funding in Dallas, TX.
Our Legal Funding Process
Step 1: Online/Phone Application
The first step in getting legal funding in Dallas, TX is to fill out our application. You can fill out the application online or over the phone. We have designed the process to be simple and easy. Our goal is to help you get the cash advance you need quickly.
We are going to need standard documents from you and your lawyer. We will need confirmation that the information provided on the application is accurate. You must provide us with valid contact information. This will help us reach out to you when we need to. Our goal is to send your funding to the right place.
Step 2: Lawyer Verification
Your lawyer is central to the approval process. We will need to contact your lawyer before we can send you your funds. You will need to provide us with a release form that gives us the right to discuss your case’s details with your attorney. The same form will let your legal team know that you want a lawsuit loan in Dallas, TX from The Legal Funding Group. Your lawyer will then be able to provide us with the pertinent details of your case.
Without these verifications, including the details of your case, we cannot approve you for funding. We can only receive these details once you have completed the release form with your legal team.
We need to know the damages you sustained and require proof that the defendant can pay the settlement. Finally, we need to be informed if other lawsuits could change the outcome of your current case, negatively impact the results of your current case, or prohibit your current case from going forward.
Step 3: Approving the Loan and Transferring the Money
We will do a comprehensive examination of your application and review all the correspondence sent by your legal team. We will inspect the details of your case and validate all the information provided. Once the documentation and verifications we receive have been completed accurately and we receive all the needed information promptly, funds can be transferred in as little as 24 hours.
Once your funding is approved, there are several ways that we can get the money to you. One option is for us to send an overnight check. Another option is to wire the funds directly into your bank account. Or we could send you a cashier’s check.
Do You Qualify For A Lawsuit Loan in Dallas, TX?
There are several factors that The Legal Funding Group will need to verify before approving the loan. They include:
1. The strength of your case
2. The current stage of your case. This is the time your attorney has been pursuing the case
3. Your attorneys’ cooperation
What Is Needed to Get Approved for Pre-Settlement Funding in Dallas, TX?
Our case managers will review each case on its own merit. We can give preliminary approval over the phone in as little as two minutes. It saddens us to say that many injured plaintiffs are forced to settle their cases quicker than they want for less money because of personal financial hang-ups. We feel that this is wrong. We want to help you get the cash you need while your case settles. This will give you time to get all the money from your case that you deserve.
Each Case Is Different – No two cases are the same. We are going to look at the documentation you and your attorney give us. We work with experienced underwriters. This allows us to do our job quickly and efficiently. Typically, the more value your case has, the more money you qualify for.
We Require Your Attorney’s Cooperation – We will work with your attorney and only go forward on your case after reviewing the documentation received from your attorney. The more your attorney cooperates with us, the quicker we can get you the money you need.
Attorney Funding in Dallas, TX
Attorney funding gives attorneys who represent plaintiffs in lawsuits the funding they need to pursue the case. Legal experts have created a unique type of financing to help attorneys and their clients stay financially secure during the litigation process.
We tailor the funding methods offered to meet the needs of each attorney and their case. There are options available for contingency fee attorneys. We understand that their income depends on them successfully settling or concluding their case. When law firms use attorney funding in Dallas, TX, they are better equipped to effectively prepare a winning case and get the money needed to grow their law firm. Lawyers can get the cash they need when they need it. It makes it easier for them to present expert witnesses and cover other expenses.
Improved Cash Flow and Operating Capital – Lawyers need a steady cash flow if they are going to run their law firm and be competitive. Without this money, it’s a challenge to be successful. This is especially true if the law firm is dealing with several protracted cases. There can be many out-of-pocket litigation costs, and clients may be slow to make payments. Therefore, The Legal Funding Group is happy to help law firms and attorneys get the financial cushion needed to cover their expenses by monetizing liquid assets.
Law Firm Growth – The money they get allows them to take on new clients, implement marketing plans, and increase their reach to help a larger group of people.
Types of Cases We Fund
If a person is a victim of a personal injury, they can apply for our services. Law firms can also apply for our services to help cover expenses connected to the following lawsuits:
- Car Accidents
- Dangerous Drugs
- Dog Bites
- Medical Malpractice
- Nursing Home Abuse
- Personal Injury
- Premises Liability
- Product Liability
- Truck Accidents
- Workers’ Compensation
Important Dallas Legal Information
Statute of Limitations
Texas places a statute of limitations between one and five years on personal injuries, depending on the severity of the claim.
- Injury to a person has a statute of limitations of two years. The exception is sex crimes that have a statute of limitations of five years.
- Injury to personal property has a statute of limitations of two years.
- Malpractice has a statute of limitations of two years.
Texas uses its own form of comparative negligence law. This is referred to as the “proportionate responsibility law.” If you are found at fault for any part of the injury, your damages could be reduced.
Minimum Liability Coverage Amounts
According to Texas law, you need to have $30,000 of coverage for injuries for each person with a total of $60,000 per accident. There must be $25,000 coverage to cover property damage. They refer to this as 30/60/25 coverage.
Apply For Legal Funding in Dallas, TX
The Legal Funding Group wants to help plaintiffs in their time of distress. We want everyone to be able to afford to settle their case for the amount it is worth. That’s why our goal is to get you the cash you need as quickly as possible. Some of the benefits we offer include:
- Openness and transparency
- 24 hours or less cash transfer once we approve your case
- Easy to understand and easy to complete the application process
If you are ready to get the legal funding in Dallas, TX, apply online or call us today.