What are Texas lawsuit loans?
Lawsuit loans in Texas, also known as pre-settlement funding or legal financing, are a form of financial assistance available to individuals involved in civil lawsuits in Texas. These loans provide upfront cash to cover your expenses while a lawsuit is pending. Unlike traditional loans, pre-settlement funding in Texas operates as a non-recourse debt. That means that the lender only gets repaid if you win or settle the lawsuit after you receive your financial compensation. You’re not personally responsible for repaying the funds if you lose your case, and your credit score won’t be affected.
When to consider pre-settlement funding in Texas—financial relief during your lawsuit.
Litigation in Texas can be a long and costly process. Injury cases often lead to unexpected medical bills, loss of income, and other financial burdens. If you’re facing urgent financial challenges like debt collection, eviction notices, foreclosure, or repossession, pre-settlement legal funding can provide a crucial remedy.
These funds can help cover essential living expenses, including:
- Rent or mortgage payments
- Groceries and utilities
- Transportation costs
- Medical expenses
Since repayment is contingent on winning your case, and approval is based solely on the merits of your case, pre-settlement funding is an excellent option if you:
- Need financial support but can’t qualify for traditional loans due to poor credit, lack of collateral, or low income.
- Have a case that’s expected to take a long time to resolve, potentially delaying your financial recovery.
- Are involved in a complex case with multiple injuries or claims, particularly those involving third-party negligence, which can significantly extend the claims process under Texas Civil Practice and Remedies Code Section 33.001.
Beyond financial relief, a pre-settlement cash advance also provides peace of mind (Research on financial difficulties and mental health *¹). Funding lets you focus on your recovery and legal fight, not your bills. Feel less stressed, boost your mental well-being, and gain the confidence to make smart choices about your legal battle, whether that is mediations, negotiations, and even trial.
Ready to ease the financial strain of your Texas lawsuit? We are here to assist you on your road to recovery—Apply now for a lawsuit loan and start your journey toward financial stability today.
How to apply for a lawsuit loan: get cash quickly.
With Baker Street Funding, you can get money from your Texas lawsuit quickly—often in as little as 24 hours. No credit checks or employment verification required. Our application process is simple, fast, and hassle-free, so you can take care of any urgent bills or expenses right away.
Apply for Funds
Kickstart the lawsuit loan application process by applying online or giving us a call at (888) 711-3599. If you're approved, a dedicated funding expert will guide you through to final approval without delay.
Expert Review
We’ll touch base with your attorney to get the details of your case. With a quick response from your lawyer, you could hear back from us with a decision as soon as the same day or, at most, the next day.
Receive Cash
Once you're approved, you and your attorney will receive the lawsuit loan contract. Sign it, and the money could be in your hands in as little as 2 hours. (The average legal funding customer in Texas receives their settlement funds in less than 4 hours).
Need settlement cash now? That’s exactly why Baker Street Funding’s pre-settlement loans exist—because we know, when you’re in a tough spot, every minute counts.
No Upfront Fees | No Risk | Fast Approval
After you get your funds, the loan is collateralized by your anticipated settlement. Should the lawsuit end in your favor, the loan is settled out of the recovery. If you don’t win, you owe us nothing—no strings attached.
Types of Texas Lawsuits Eligible for Lawsuit Settlement Loans.
Texas law recognizes many types of personal injury cases that may be eligible for lawsuit loans. At Baker Street Legal Funding, we provide pre-settlement funding for a wide range of civil lawsuits in Texas, including but not limited to:
Eligibility for Pre-Settlement Funding in Texas: Do You Qualify?
Case Merits, Not Credit Scores, Determine Eligibility for Lawsuit Loans in Texas.
Whatever city you live in—Houston, Dallas, San Antonio, Austin, El Paso, or anywhere else in the state—the requirements for obtaining a lawsuit loan are less strict because Texas is a plaintiff-friendly state. Here’s a quick checklist to see if you qualify for lawsuit funding:
- Case Merit: You must have a valid civil lawsuit in Texas with a high success rate to recover compensation.
- Minimum Case Value: Your case must have a minimum value of $50,000.
- Insurance Coverage: We require the defendant to have insurance coverage.
- Case Documentation: We may require medical records, accident reports, expert testimony, evidence, and other relevant documents.
- Qualified Attorney’s Approval: You must have a licensed Texas attorney representing you. Your lawyer must also approve of third-party funding for your personal injury claim.
Feeling unsure about your eligibility for pre-settlement funding? Many Texans have faced similar questions. Let our experts help you understand the process and determine if pre-settlement funding is right for your case. You focus on your lawsuit; we’ll handle the financial speed bumps.
How Texas Personal Injury Laws Impact Your Lawsuit Funding Eligibility.
In Texas, a few legal factors affect how much pre-settlement lawsuit funding you might qualify for. As your claim’s value goes up, so does the funding approval. For instance, more serious injuries usually result in higher settlement amounts and may improve your chances of obtaining a larger loan. Also, proving that the defendant is clearly at fault can strengthen your case and enhance your chances of higher approval.
Here’s a breakdown of key laws and how they impact your eligibility and amounts for funding:
Factor | Key Texas Law | TX Plaintiff Question | Baker Street Funding’s Expert Answer |
---|---|---|---|
Caps on Damages | Caps on non-economic damages in medical malpractice cases at $250,000 per person, with an overall cap of $500,000. Plus, non-economic damages for other personal injury are capped up to $750,000. | Will damage caps in Texas significantly limit my loan amount? | Yes, damage caps can limit your compensation and funding, but we specialize in adjusting our funding offers to give you the most available under the law. |
Punitive Damages Caps | Caps at $200,000 or twice the amount of economic damages, whichever is greater. (Not permitted for injury government lawsuits). | How do punitive damage caps affect my TX case? | In Texas, caps on punitive damages can limit your recovery funds. Our experts carefully consider these caps and work hard to maximize funding potential. |
Statute of Limitations | Texas law gives you 2 years from the date of injury to file a lawsuit. | What if my lawsuit is close to the filing deadline? | We assess each case individually, but cases closer to the deadline might still be eligible for funding. |
Modified Comparative Negligence (51% Rule) | If you’re 51% or more at fault, you cannot recover damages. | What if I’m partially at fault for the accident? Will I be disqualified from legal funding in Texas? | If you’re less than 51% at fault, you can still receive funding. We evaluate these cases carefully to ensure that even partial fault doesn’t stand in the way of your funding needs. |
Liability Insurance Requirements | Minimum coverage: $30,000 per injured person, $60,000 per accident, $25,000 for property damage. | What if the at-fault party has minimal insurance coverage? Will this limit my approval amount? | The defendant’s insurance policy limits often set the maximum amount you can recover, so minimal coverage can cap your claim’s value. Consider identifying additional policies (e.g., employer policies, umbrella coverage) to increase your payout and funding potential. |
Liens and Subrogation Rights | Medical providers and insurers may place liens on settlements to recover costs. These have to be repaid before you get your cut. | Will liens affect my final settlement and loan amount? | Yes. Liens in Texas reduce your final payout, and the valuation of your lawsuit for a loan. |
Government Entities | Caps are subject to the Texas Tort Claims Act, with strict notice requirements. Damage caps for state gov is $250,000 per person and $500,000 per incident. Local gov: $100,000 per person and $300,000 per incident. | What specific notice requirements are needed for funding when suing the government in Texas? | To qualify for funding, you must provide written notice of your claim within 180 days of the incident. We assist in evaluating your case under these requirements. |
Uninsured/Underinsured Motorist Coverage (UM/UIM) | (Optional). Minimum liability coverage is $30,000 per injured person and $60,000 per accident. | How will my UM/UIM coverage affect my loan amount? | While UM/UIM coverage is optional, having it can enhance your eligibility and increase the cash advance amounts. |
Umbrella Policy | Umbrella policies in TX typically begin at approximately $300,000 and extends up to at least $1 million. | Can I qualify for a higher loan if multiple insurance policies apply to my case? | Yes, combining multiple policies through stacking can increase the total coverage, allowing you to qualify for a higher loan. |
Third-Party Liability in Workers’ Compensation Cases (Sec. 417.001) | Injured workers can sue third parties responsible for their injuries, even after receiving workers’ compensation benefits. | How will my workers’ compensation benefits affect my loan eligibility and amount for my third-party claim in TX? | While we do not fund worker’s comp in Texas, we understand the complexities of third-party claims. We carefully consider any WC liens to provide funding based on the net amount you can expect to recover. |
Wrongful Conviction (Tim Cole Act) | The Tim Cole Act compensates individuals wrongfully convicted and later exonerated, providing $80,000 per year of wrongful incarceration. | Can I get funding for a wrongful conviction claim under the Tim Cole Act in Texas? | Yes. We provide lawsuit settlement funding while your wrongful conviction claim under the Tim Cole Act is pending. We will assess the merits of your case and the likelihood of compensation to support you financially during the process. |
Tortfeasor Liability | Texas Civil Practice & Remedies Code, Sec. 33.013: In cases with multiple tortfeasors, a defendant is only jointly liable if found to be 51% or more at fault. | How does tortfeasor liability affect my case and funding in Texas? | If one or more defendant’s liability is under 51%, it can lead to a denial of funding. However, our experts evaluate each defendant’s share of fault to maximize your funding. |
Lawsuit Loan Amounts: Up to 10% of Your Expected Recovery.
Baker Street Funding provides funding for up to 10% of your expected lawsuit recovery. For instance, if your Texas personal injury lawsuit settlement is valued at $50,000, you may receive up to $5,000 in legal funding. If you have a settled insurance claim, we may provide up to 20%.
Need money fast? Baker Street Funding provides free case evaluations to help you understand your funding options. Contact us today at (888) 711-3599.
Level the Playing Field Against Insurance Tactics with Texas Lawsuit Loans.
Insurance companies often use delay tactics to pressure personal injury plaintiffs into accepting lower settlements.
In Texas, if you’re dealing with a soft tissue injury, the typical personal injury settlement is about $20,000. For moderate injuries, you’re looking at around $45,596, and it’s the same for more serious ones. But if you’re dealing with serious injuries like amputations, spinal cord injuries, traumatic brain injuries, or sadly, even fatalities, settlements can easily exceed a million dollars.
In spite of these statistics, personal injury lawsuits often require a significant amount of time and effort. From collecting evidence to negotiating with insurance companies, the legal process in Texas can extend for several months or even years.
The Texas Unfair Insurance Practices Act, part of the Texas Insurance Code, is there to protect you from unfair insurance practices. Nonetheless, insurance companies often use delay tactics to pressure personal injury plaintiffs into accepting lower settlements. These strategies can be particularly harmful to those with catastrophic injuries. Texas lawsuit funding can be a lifeline during these difficult circumstances, providing the support you need to:
- Pursue fair compensation and reject lowball offers from the insurance company.
- Avoid the pressure to settle for less than you deserve due to financial hardship.
- Negotiate more aggressively for the fair and just settlement you are entitled to.
- Focus on your recovery without the constant stress of an empty wallet.
“With your finances in order, handling your case becomes easier, and the road to fair compensation becomes more promising.”
Important to Remember: While legal funding can provide a financial safety net, that does not mean you’re sure to win big or even win at all. The final outcome of your civil claim depends on how strong it is and your lawyer’s legal strategy. Be cautious of any lawsuit loan company promising a maximum settlement payout—that’s not a promise they can legally make.
(Source: Chicago University – Stalling Conflict and Settlement).
Texas lawsuit loans and legal compliance: transparency and protection.
In Texas, lawsuit loans are classified as “contingent investments,” not actual loans. This distinction means that third-party funding is not subject to the same regulations as conventional loans. You only repay the loan if you win or settle your case.
The validation of lawsuit funding as a legitimate financial tool for plaintiffs was established by a legal precedent with the Anglo-Dutch Petroleum International, Inc. v. Haskell case. The Texas Supreme Court ultimately ruled that such funding arrangements were legal as they did not breach Texas law:
- Litigation funding agreements do not increase or prolong litigation.
- Investors in these agreements do not receive repayment unless the plaintiff wins, making them cautious about investing in frivolous lawsuits.
- Investors assess the merits and risks before investing in lawsuits.
As a result, third-party funding for lawsuits is exempt from the regulations that govern conventional loans in Texas. As mentioned, you only have to repay the loan if you win or settle your case. If you don’t, you don’t owe anything. However, while this flexibility is beneficial, it’s important to select a reputable funding company.
Baker Street Funding: Committed to Compliance with the Texas Deceptive Trade Practices Act (DTPA)
The Texas Deceptive Trade Practices Act (DTPA)*¹ is a key consumer protection law that prevents businesses, including third party legal funding companies, from engaging in deceptive or unfair business practices.
At Baker Street Funding, we prioritize full compliance with the DTPA, ensuring all agreements and terms are transparent and easy to understand. Our fair lending practices protect Texas plaintiffs from predatory or deceptive actions, which sets us apart from some lawsuit loan companies that may not adhere to the same standards.
- Truthful Advertising: We accurately represent our services and avoid misleading statements.
- Transparent Contracts: Our alternative funding agreements clearly outline all terms and conditions.
- No Hidden Fees: There are no hidden charges, penalties, or undisclosed costs—no surprises in the fine print.
Ready to feel the difference? In Texas, straight talk is valued. At Baker Street Legal Funding, you get just that—no hidden fees, no surprises in the fine print, no financial shocks. Because transparency is at the heart of our services.
No Upfront Fees | No Credit Checks | No Risk | Fast Approval
The best lawsuit loan companies won’t put your settlement money at risk.
Choosing Baker Street Legal Funding means you’re choosing a reputable lawsuit loan company that’s dedicated to your settlement success firsthand. Be part of the thousands in Texas and throughout the country who have transformed their lives during the lawsuit process with Baker Street Funding. Our 5-star reviews and our Texas track record can speak for itself.
The Texas advantage: a local funding company.
At Baker Street Funding, we have a deep understanding of Texas personal injury law, which means we can make funding decisions quickly and accurately. Our strong connections with attorneys across Texas helps us simplify the communication and approval process.
- Same-Day Pre-Settlement Loans in Texas. Access the money you need as early as two hours after you and your attorney accept the terms of your loan.
- Personalized Assistance. Work with a dedicated funding expert who understands and responds to your needs every step of the way.
- Generous Funding Amounts. Whether you need $1,000 or $500,000, you can claim up to 20% of your anticipated settlement in Texas. Choose between ongoing monthly advances or a lump-sum payment.
Competitive rates that save you money.
Looking for a low-rate settlement loan in Texas? Baker Street Funding keeps it low by offering simple, fixed interest rates starting at 2.95% monthly. No compound interest rates, no complex math. And if you’re worried about your lawsuit dragging on, our rates are capped for up to three years, protecting your future settlement from unexpected fees.
Remember to borrow just enough to cover your essentials. Need additional funding down the line? We’re here for you. By borrowing wisely, you can minimize interest accumulation and maximize your financial recovery.
Our commitment to ethical practices in Texas.
Your privacy is important. We keep everything you share completely confidential, and your attorney-client privilege stays unaffected. Our legal loans are designed to uphold your privacy, and we have strict policies and advanced security measures in place to protect your information. All case monitoring is handled with the utmost discretion in collaboration with your Texas-based counsel, and we don’t disclose the identities of our clients and legal associates. We also guarantee:
- No Solicitation or Harassment. We never engage in unsolicited contact or harassment.
- Cancellation Rights. You have the right to cancel your lawsuit loan agreement within 5 days.
- No Referral Commissions. We neither offer nor accept any compensation or incentives for recommendations from attorneys or their employees in Texas.
Non-recourse funding, no risk to your credit.
Our Texas lawsuit loans, also known as settlement advance funding, are not borrowing (or real loans) in the traditional sense—we actually purchase a portion of your potential settlement proceeds and they work under the same non-recourse agreement: you only repay if you win, and Baker Street Funding bears the risk.
And, Your Credit Score? Not Our Business.
No matter your financial background, Baker Street Funding eliminates credit checks or proof of income. Plus, you can rest easy knowing that your home, car, or any other assets remain untouched, no matter the outcome of your case.
Providing Texas plaintiffs with a variety of financing options.
- Medical Lien Legal Funding in TX. We offer direct funding to medical providers so you can get the care you need right away.
- Switch & Save with Loan Buyouts. Is another lender charging you a high rate? Use our lawsuit funding buyout program to consolidate your current loan into a single contract at a lower rate.
- Financing Available After Your Win. With our Texas post-settlement funding, you can borrow money from your resolved claim in case there is a delay in receiving the insurance payment.
- Need Additional Funds? No Problem. With Baker Street Funding, you can apply for multiple settlement advances as your case evolves.
Apply for a lawsuit loan now—financial relief is within reach.
Don’t let financial difficulties slow you down in your legal battle. Apply for a Texas settlement loan now and obtain your cash advance the day you get approved. We stand by our promise: you repay only if you win.Texas lawsuit loans: your questions answered.
Do you have questions about pre-settlement lawsuit loans? We’ve got answers. Our FAQ section covers a wide range of topics, including eligibility requirements, costs, repayment terms, and more.
What is pre-settlement funding in Texas?
A lawsuit loan, also known as a pre-settlement loan or legal funding, is a type of financing that allows a person to borrow money against their expected settlement from a lawsuit. These loans can be used to cover living expenses or other costs while waiting for a case to settle.
How do lawsuit loans work?
The process is simple. After reviewing your case and eligibility, we’ll offer a funding amount. Once you and your attorney complete the non-recourse funding agreement, you’ll receive the funds upfront. If you win your lawsuit, your attorney will deduct the agreed-upon amount from your settlement or award before you receive the rest. If you lose, you owe us nothing.
How much money can I borrow from my lawsuit?
Loan amounts typically range from $1,500 to over $2,500,000 for various claims, including civil rights and personal injury cases. For corporate plaintiffs, we offer funding up to $20,000,000. However, our maximum funding is generally limited to 10% of the estimated case value
How long does the lawsuit loan process take?
In most cases, Baker Street Funding approves loans within 24 hours. The exact timeframe can vary depending on factors like the timeliness of document submission. For instance, if your personal injury attorney sends your case documents by 9 am ET, you can often get a same-day funding decision. Once approved, funds are typically available within hours.
Can my Texas lawyer advance me money?
Texas regulations restrict attorneys from financially investing in their clients’ lawsuits. However, under specific conditions, they may provide advances for essential case-related expenses or living expenses only, without charging interest.
Can I get funding in Texas if I have a lawsuit settlement loan from another funding company?
Yes, you can potentially borrow more money and switch lenders by applying for a pre-settlement loan with Baker Street Funding. After approval, we’ll purchase your previous advance and combine it into a single loan with a reduced interest rate.
Are there any upfront fees or hidden costs associated with Texas lawsuit loans?
No, there are absolutely no upfront fees or hidden costs associated with our Texas lawsuit loans.
Is there a penalty if I pay off my advance loan before I get a settlement?
There is no penalty for early repayment of your advance. However, remember that if your case does not settle, you will not get the money paid to the company back.
Will Texas legal funding in Texas affect my case?
No, our pre-settlement loans do not influence your legal strategy or settlement negotiations. Our role is strictly as a financial supporter; we respect the independence of your legal process.
Is there a cost associated with pre-settlement funding in Texas?
Yes, Texas pre-settlement funding involves interest. Baker Street Funding is committed to providing fair and competitive rates. The exact cost depends on factors like the loan amount, case duration, and potential settlement value.
Interest | Non-compounding starting at 2.95% p/month |
Loan protection | 2-3 year cap |
Funding time | 24 hours |
Average loan amounts in Texas | $11,800 |
Funding amounts | $1,500 up to $2.5mm |
Type of loan | Non-recourse |
Workers’ comp eligibility | No |
Personal injury claim eligibility | Yes |
Civil rights case eligibility | Yes |
Pre-Settlement Funding Across Texas: Where We Serve & Personal Injury Trends.
Texas Counties Where We Provide Pre-Settlement Cash Advances.
At Baker Street Funding, we provide pre-settlement loans across a wide range of Texas counties, offering financial support to plaintiffs facing personal injury claims. Some of the counties we serve include:
Starr, Sterling, Travis, Trinity, Tyler, Uvalde, Val Verde, Victoria, Zavala, Jackson, Harris, Dallas, Tarrant, Collin, El Paso, Hidalgo, Denton, Austin, and more.
Cities We Serve
We are proud to support residents across major Texas cities. Whether you’re dealing with medical bills, lost wages, or other expenses, we provide pre-settlement loans in cities including:
Abilene, Allen, Amarillo, Arlington, Austin, Brownsville, Bryan, Cedar Hill, College Station, Corpus Christi, Dallas, El Paso, Fort Worth, Galveston, Houston, San Antonio, and more.
Personal Injury Trends and Statistics in Texas.
Personal injury claims are common in Texas. Understanding injury trends can help you make informed decisions about lawsuit funding. According to the Texas Department of State Health Services:
- From 2018 to 2020, non-fatal injury rates remained steady.
- The most common causes of injuries were unintentional accidents, with falls being the leading cause, especially among adults aged 65 and older.
- Car accidents were the most frequent source of injury among young adults (ages 15-24).
- In 2018, Texas experienced 3,185 fatal injuries, highlighting the state’s significant public health concerns.
Injuries we Fund:
If you’re dealing with a personal injury case, Baker Street Funding can provide a fast and reliable lawsuit loan to help you pay your bills while awaiting a settlement. Some of the injuries we fund include:
- Traumatic brain injuries
- Fractures
- Fire and burn injuries
- Spinal cord injuries
- Amputations, and more.
Car Accident Statistics in Texas
Auto accidents continue to be a major concern for Texas residents. Here’s a closer look at some important statistics:
- Fatalities: In 2022, the fatality rate on Texas roadways was 1.55 deaths per hundred million vehicle miles traveled, with a slight decrease in total deaths compared to 2021.
- Serious Injuries: There were 15,299 serious injury crashes, resulting in 18,880 people sustaining severe injuries in 2022.
- DUI and Distracted Driving: In 2022, DUI accidents claimed 1,163 lives, while distracted driving led to 484 fatalities.
If you or a loved one has been injured in an accident in Texas, pre-settlement legal funding may be available to help you through this difficult time. Contact Baker Street Funding today at (888) 711-3599 or apply now (button) to learn more about how we can assist you.
Apply for a lawsuit loan today.
Personal injury lawsuits in Texas can bring all kinds of financial challenges, especially in times of personal hardship. At Baker Street Funding, we understand what you’re going through, which is why we provide non-recourse lawsuit loans that deliver quick relief when it matters most. Start the legal funding process now and experience financial peace as soon as the same day you are approved.