Lawsuit Settlement Loans for Arlington
Have you been injured in an accident and cannot afford to wait a year or more to receive the money you deserve? Bridgeway Legal Funding provides pre-settlement advances on your future settlement to plaintiffs of Arlington. Funding can be provided within 24 hours on car accidents, truck accidents, motorcycle accidents, construction accidents, slip & falls and more!
What is a Lawsuit Loan?
A lawsuit loan is money you can borrow now and only needs to be re-paid if you win your lawsuit and receive a settlement. While often called a loan, this type of funding is technically not a loan at all, rather a "non-recourse advance". Non-recourse just means that the money you receive is only tied to your lawsuit case and not to you personally. If the case is un-successful, you don't have to worry about paying back the money you were loaned.
Why consider taking an advance on your lawsuit?
The legal process to receive a settlement from your accident is very slow, often much slower then you can imagine. For many people involved in an accident, injuries force them to miss work and then bills begin to pile up. An advance on your future settlement allows you the money you need now to pay your bills and support your family.
It is common practice of insurance companies to prolong and stretch out a case in hopes that you will become desperate and accept less then the full value of your case. By taking an advance on your case to stay a float, you give your lawyer the time they need to fight for your full deserved compensation!
How does the process work?
Applying for a lawsuit advance in very easy! Either call (800) 531-4066 or submit an application on our website. Once you apply, our team will have a brief conversation with you to better understand how your accident took place and how you were injured. Next, we will contact your law office to request some documents regarding your case. Once, your law office sends Bridgeway the required documents, you will have an answer immediately on how much money you can be advanced!
How much money can I borrow?
The amount of your settlement you can be advanced depends on the value of your case. The value of your case is determined primarily by 3 factors: the liability, damages & insurance. The liability is who is responsible for the accident. The damages is the severity of your injuries the accident caused you and the amount of treatment you completed for those injuries. In addition to bodily injuries, you can also have property damage, for example your car, or future damages, such as lost wages and decreased earning potential. Lastly is insurance and that is the biggest factor. In most cases the amount you can receive from your lawsuit settlement is limited to the amount of insurance the person responsible has. For example, the state minimum insurance policy for car owners in Texas is $30,000/$60,000. The $30,000 refers to the maximum for each injured person of the accident and the $60,000 refers the maximum for the entire accident. While this is the amount required by state law, many drivers have larger insurance policies.
As a general rule of thumb, Bridgeway can advance up to 10% of the value of the case.
Why choose Bridgeway?
-Industry low rates.
-Personal attention from a small team.
-Fast, easy to complete process.
-No up-front costs.
-If you lose the case, you owe nothing!