Michigan Legal Funding

High Rise Financial funds countless civil cases in Michigan no matter what legal matters you are dealing with. High Rise Financial is here to help injury victims and those dealing with major civil lawsuits who need pre-settlement legal funding to escape financial ruin. 

Common Types of Accidents that May Warrant Legal Funding in Michigan

You may be unsure whether you are eligible for Michigan legal funding. However, there are a variety of types of accidents, incidents, and events that may warrant the pursuit of pre-settlement funding. Some of the more common types of personal injury lawsuits we have provided legal funding for include:

• Car accident lawsuits
• Motorcycle accident lawsuits
• Commercial truck accident lawsuits
• Slip and fall accidents
• Medical malpractice claims
• Defective product lawsuits
• On-the-job injuries

Personal injury claims are not the only instance in which you might be eligible for legal funding in Michigan. If you are dealing with a number of other types of lawsuits, you may also qualify. Some of the different types of lawsuits High Rise Financial has provided legal funding for include:

• Qui Tam lawsuits
• Whistleblower lawsuit
• Wrongful imprisonment claims
• Labor law violations
• Employment disputes
• Sexual harassment lawsuits

If you are unsure whether you qualify for legal funding in Michigan, be sure to contact us today to find out whether you can obtain the pre-settlement funding you need when you need it most.

Damages You Can Recover in a Michigan Injury Case

When filing a personal injury claim or another type of civil lawsuit, you have the right to recover a variety of damages. Under the law, you have the right to be made whole. You should be able to recoup compensation for every single way your life has been affected by your injuries.

In a personal injury or civil claim, you have the right to seek compensation for both economic damages and non-economic damages. Economic damages constitute our financial losses, while non-economic damages describe your emotional, physical, and psychological damages.

Some examples of the various losses you could be awarded compensation for include:

• Physical pain and suffering
• Diminished quality of life
• Loss of consortium
• Emotional distress and mental anguish
• Loss of household services
• Skin scarring and disfigurement
• Loss of income
• Loss of future potential earnings
• Current and future medical expenses
• Current and future medical equipment fees
• Costs of increased insurance premiums
• Property damages

However, while you wait for your personal injury claim, civil lawsuit, or insurance settlement to be resolved, you could be stuck dealing with considerable financial distress. Through pre-settlement funding, you may be able to access the compensation that is rightfully yours before your case is finalized. Find out what options are available to you when you contact High Rise Financial today.

What Makes Our Settlement Loans Different from Traditional Lawsuit Loans

Here is why our pre-settlement funding is different from other traditional lawsuit loans:

• Our pre-settlement loans in Michigan are non-recourse. You will only pay back if you win your lawsuit.
• You will be eligible for the settlement loan based on merit. We do not perform a credit check or income verification.
• You will get your cash advance within 24 hours once your Michigan lawsuit funding application has been approved.

Fault Laws in Michigan

Michigan operates using the modified comparative fault principle. Under the system, you can recover damages if you are less than 50% liable for the accident. Your compensation will also be reduced in proportion to your percentage of liability.

For example, if the judge found you 5% responsible for causing your injuries or the accident that you were involved in, your injury settlement would then be reduced by 5%. If you were previously awarded $500,000 in your civil claim, this award would be reduced by 5%, leaving you with a final injury settlement of $475,000. 

Michigan thought laws could have a substantial impact on the outcome of your case. Your personal injury lawyer will work closely with our loan specialists to determine how much you should be awarded in Michigan legal funding with these critical details in mind.

When to Contact High Rise Financial for Legal Funding in Michigan

You may not be sure whether now is a good time to contact High Rise Financial for help. After all, the last thing you need is to get into further debt and struggle financially if your personal injury claim does not come through. 

However, since Michigan legal funding is non-recourse, you do not have to worry about being required to pay back your pre-settlement funding if your insurance or civil claim compensation does not pay out. You do not have to worry about High Rise Financial attempting to seek recovery of this compensation or a non-payment accusation showing up on your credit report. 

There is no risk in contacting our office to find out whether you qualify for legal funding and what to expect from the process. Once you have a thorough understanding of how lawsuit loans work, you can then decide whether obtaining legal funding in Michigan is a good fit for you and your family.

Personal Injury Claims Have a Statute of Limitations

Under Michigan laws, the statute of limitations for a personal injury lawsuit is three years from the date the accident occurred. For this reason, it is essential that you get a personal injury lawyer working on your case as soon as possible. 

If the statute of limitations expires and your lawsuit has not been filed, you will no longer have a right to have your keys hurt in civil court. If this happens, your ability to obtain pre-settlement funding could be limited. You can avoid these types of hassles by contacting our office and a personal injury attorney in a timely manner so we can begin working on your case as soon as today.

What Makes Michigan Lawsuit Loans Different From Traditional Personal Loans

You might be wondering why you should consider taking out a lawsuit loan in Michigan when you could just reach out to your credit union, bank, or other financial institution and take out a personal loan instead. The benefits of pre-settlement funds are undeniable in comparison to traditional bank loans.

When you apply for a bank loan, you generally need to provide proof of income, allow the bank to do a hard pull of your credit score, and start paying back your loan, with interest, within 30 days of dispersal. However, the same is not true for our legal funding from High Rise Financial.

We do not check your credit as your loan application approval is not contingent upon your creditworthiness, income sources, or financial situation. We understand that you may be struggling financially at this time which is why you need access to a portion of your expected settlement now.

We never charge compound interest, and you will not have to pay back your loan until your settlement funds come in. This means if your lawyer loses your case, you do not have to pay back anything. If you took out a personal loan and your lawyer lost your case, you would still have to pay back the bank with interest.

How to Qualify for Pre-Settlement Loans in Michigan

The application process for the pre-settlement funding in Michigan and other legal funding offered by High Rise Financial is very transparent and straightforward.

Here are the steps involved:

• Visit our website to fill out the application form.
• Provide necessary information about your lawsuit.
• Provide your lawyer’s contact details.

Our trusted legal funding experts will contact your attorney to discuss your prospects of winning the lawsuit and how much compensation you are likely to recover.

Receive your cash advance in as little as 24 hours once your application for a pre-settlement loan in Michigan is approved.

Spending Your Michigan Legal Funding

Many people have concerns that their ability to spend their pre-settlement funding will be limited. However, you have the right to use your legal funding in Michigan as needed. Whether you need to cover credit card debt, groceries, utility bills, entertainment fees, clothing, or other essentials, your money is yours to use as you need it.

There is no limitation on what you can spend your legal funding on, just as there would be no limitations on the compensation you would be awarded through your personal injury, civil, or insurance claim. You can use the settlement loan or cash advance to:

• Pay bills
• Buy food and groceries
• Cover medical expenses, rent, and other debts

By applying for our pre-settlement loans in Michigan, you can get the legal funding you need when you need it most.

Paying Back Your Legal Funding in Michigan

When you have been approved for pre-settlement funding in Michigan, you will not need to worry about paying back your lawsuit loan unless or until your attorney wins your personal injury, insurance, or civil claim. If your case is not successful, you will not need to worry about paying back your lawsuit loan at all. 

If your case is successful, the legal funding you were approved for can be easily deducted from your injury settlement, so you do not need to worry about paying further debts after your case has been resolved.

We Offer Pre-Settlement Funding Across Michigan

We offer services to the following MI cities and more:

• Ann Arbor
• Detroit
• Grand Rapids
• Kent

Choose High Rise Financial for Your Settlement Loans

High Rise Financial offers lawsuit funding to accident victims who need financial stability. Contact us today at High Rise Financial to learn more about our legal funding in Michigan and get started on your pre-settlement loan application.