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Suffering a personal injury or getting hurt by someone else’s careless actions can be a difficult experience. If you suffered severe injuries, you may be hospitalized and incapable of working. Even though you are within your rights to pursue fair financial compensation from the negligent party, it usually takes a long period for such cases to be settled. If you are facing financial distress and need cash advances to pay medical bills and other living expenses, you may apply for non-recourse lawsuit loans in Colorado.
At High Rise Financial, we are dedicated to offering affordable settlement funding to plaintiffs and injury victims throughout the state of Colorado at the lowest available rates. Our Colorado lawsuit loans are very safe and non-recourse. The settlement funding can provide you with the much-needed financial support to meet your monetary needs and gradually get your life back on track. Also, you won’t need to pay back the cash advance unless you win your case.
Personal Injury and Fault Laws in Colorado
Here are some laws addressing personal injury cases in Colorado:
Providing Assistance
Under Colorado laws, motorists involved in an accident are required to provide reasonable assistance to anyone injured. This includes calling emergency services and, if necessary, transporting the injured person to receive medical care. Failure to provide assistance can result in legal consequences, including fines and potential criminal charges.
Reporting Requirements
Additionally, Colorado law states that all accidents resulting in personal injury, death, or significant property damage (over $1,000) must be reported to the nearest police department. Also, drivers involved in such accidents must remain at the scene and provide their information to law enforcement officers. The driver must also file a written report with the Colorado Department of Revenue within ten days of the incident.
Fault System
Colorado operates under a fault-based system for personal injury cases. This means that the party found to be at fault for causing the accident or personal injury will be responsible for compensating the injured person. Under this system, injured parties can file a claim with the at-fault driver’s insurance company or pursue a lawsuit if necessary.
Negligence Laws
Also, Colorado follows a modified comparative negligence rule. Under the principle, an injured party can recover damages provided that they are less than 50% at fault for the accident or their injuries. If the injured party is found to be 50% or more at fault, they are barred from seeking any damages.
For example, if a plaintiff is awarded $50,000 in damages but is found to be 10% at fault, their compensation will be reduced by $5,000. They will only be able to recover $45,000. But if the injured person was equally or mostly liable for the accident, they won’t be able to recover any compensation.
The Benefits of Legal Funding
Legal funding, also known as pre-settlement funding, provides financial assistance (cash advance) to plaintiffs who are involved in ongoing legal cases based on their expected settlement. Here are some of the benefits of getting a lawsuit loan in Colorado:
- It provides you with immediate financial relief during lengthy legal processes.
- It offers you non-recourse funding, meaning that you will only need to repay if you win or settle your case.
- It can help you cover essential expenses such as medical bills, food, rent, car loans, and other day-to-day living costs.
- It allows plaintiffs to avoid accepting low settlement offers due to financial pressure.
- It requires no credit check. This makes it accessible to those with poor or no credit history.
- It provides you with quick access to funds, often within 24 to 48 hours of approval.
- It enables plaintiffs to focus on their recovery and legal case without financial stress.
In case you would like to enjoy all these benefits and more while your case is ongoing, you may apply for our Colorado lawsuit loans.
Applying for a Lawsuit Loan in Colorado
If you are in a difficult financial situation and need immediate support before your case settles, you can follow the steps below to apply for our settlement funding in Colorado:
- Inform our dedicated experts that you would like to get a risk-free lawsuit loan.
- Visit our user-friendly website to complete your forms.
- Provide your personal information and submit your application.
- Provide crucial details about your case and other necessary documentation.
- Provide your attorney’s contact details.
Our trusted experts will get in touch with your lawyer to schedule a meeting. During the meeting, we will examine the details of your case, your possibilities of getting a favorable outcome, and your expected settlement amount.
After the consultation with your attorney, our experts will review your application again and then make a decision. If you qualify for the lawsuit loan, your money will be available for pickup within 24 hours. The funds belong to you, and you can use them for what pleases you.
How to Spend Your Settlement Loan
Our cash advance can help you cover your living costs and achieve financial stability before your lawsuit concludes. If you’re approved for a lawsuit loan in Colorado, you can use the funds to:
- Pay for day-to-day expenses
- Meet your basic needs
- Pay for utilities
- Pay your mortgage or rent
- Take care of yourself and your loved ones
- Make car payments
- Buy food and groceries
- Settle your medical expenses
- Go on vacation
Essentially, the pre-settlement loan belongs to you, and you are free to use the cash advance for whatever you like – without any restrictions.
Need Risk-Free Lawsuit Loans in Colorado? Call Us Today!
If you are going through financial hardship while your case is pending, applying for our non-recourse legal funding may be your ideal option. Get in touch with us at High Rise Financial today for a simple consultation. Our trusted experts can examine your case, determine your eligibility, and walk you through the application process. We proudly serve clients across the state of Colorado.