Alabama Legal Funding
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Stay afloat with cash through pre-settlement legal funding.
Car accidents cause injuries and claim lives every day in Alabama. Whether you were the driver, passenger, cyclist, or pedestrian, it is important that you are compensated fairly for the injuries you suffered because of someone else’s negligence. That is where legal car accident funding from High Rise Financial can help.
Traffic Accident Statistics
According to statistics from the Alabama Department of Transportation (ALDOT), in 2019, there were 159,102 total traffic crashes in Alabama. Victims of negligent car accidents are often left with significant financial burdens, including expenses surrounding medical bills, vehicle repairs, and lost wages due to missed work. But these victims should not have to shoulder these burdens on their own. Injured parties can recover compensation for their damages by pursuing a legal claim.
However, the claims process can be complex and time-consuming. While pursuing compensation, you may be in financial distress, unable to work or pay your bills. Fortunately, you can get the financial help you need in advance by applying for legal funding at High Rise Financial.
Our pre-settlement funding in Alabama can provide sufficient lawsuit funding during such a difficult period. Since our funding is non-recourse, you only have to repay the settlement loans after winning your lawsuit.
Fault Laws in Alabama
When an accident occurs, insurance companies and legal representatives will investigate the circumstances to determine if anyone involved behaved negligently or recklessly. Typically, negligence involves:
- Running a red light.
- Driving under the influence.
- Distracted driving.
- Not obeying traffic laws.
When negligence is established, the “fault” of the accident can be assigned to a particular driver.
Alabama is an “at-fault” state. This means that the motorist who caused the accident will pay for medical bills and property damages suffered by the accident victims using their insurance policy.
However, the at-fault driver’s insurance policy will have coverage limits, which means the insurance company will only pay up to a certain amount.
The at-fault driver may need to personally cover any expenses beyond that limit. In most cases, this involves pursuing a personal injury claim against them.
The Lengthy Claims Process
Pursuing a personal injury claim can be overwhelming, and weeks or months may pass while injured victims wait for the compensation they are entitled to. To build a strong case, legal teams must investigate the incident, gather evidence and documentation, determine fault, assess the extent of the damages, and negotiate with insurance companies. This process can take an extended period.
Meanwhile, vehicle repair costs, medical bills, and other everyday expenses may continue to stack up for accident victims. They hope their case will settle quickly and cover the full damages, but this isn’t always true. They’re often left wondering how they can make ends meet.
This is where pre-settlement loans come in.
What Is a Pre-Settlement Loan?
Pre-settlement funding exists to help accident victims get immediate financial help while waiting for their personal injury claims to settle. With the pre-settlement funding, you can get a cash advance within 24 hours of applying.
Unlike traditional loans, the settlement loan you are granted in Alabama will be based on how strong your personal injury case is. Also, the loan is non-recourse, which means that if you lose your lawsuit, you won’t have to pay back the lawsuit funding.
How Does Alabama Pre-Settlement Funding Work?
At High Rise Financial, we understand that car accident victims are often left without reliable options, and we are familiar with the urgency of their situations. That is why our process for applying for our lawsuit loans in Alabama is straightforward. Below are the steps involved:
- Notify us about your interest in applying for legal funding in Alabama
- Fill out the application form and provide the necessary information.
- Our trusted team will contact your attorney to discuss more details about your case.
- We’ll decide within 24 hours.
If you qualify for the settlement loan in Alabama, you will get your cash advance soon after being approved.
How Can Getting Legal Funding in Alabama Help You?
Facing a personal injury lawsuit in Alabama can be financially draining and emotionally taxing. Pre-settlement funding can provide critical financial assistance to individuals and families during this challenging period. Our pre-settlement funding in Alabama can help you and your family in the following ways:
- Cover medical expenses and treatments
- Pay monthly bills, including mortgage, rent, car payment, insurance, and utilities
- Buy food and groceries
- Give you enough time for your case to settle and ensure that you get your rightful compensation.
Eligibility for Pre-Settlement Funding
When considering pre-settlement funding in Alabama, a few key factors may influence your approval and the amount of funds you are granted. After you apply, High Rise Financial will carefully assess the strength of your case. Having a strong case increases your chances of obtaining funding and can help the claims process progress more smoothly.
Our pre-settlement funding providers will collaborate with your attorney to assess the case and determine the expected settlement amount. A solid case with a substantial potential settlement value will likely increase the amount of funding you may be eligible to receive. When you have questions about legal funding for any type of accident, High Rise Financial can guide you in the right direction.
Apply for Legal Funding in Alabama Today
Pre-settlement funding in Alabama is a valuable resource for individuals and families dealing with the aftermath of a personal injury. If you are experiencing financial hardship after sustaining an injury in an Alabama traffic accident and need financial assistance, you may apply for our pre-settlement loans in Alabama. Call our experienced team at High Rise Financial today to schedule a one-on-one case evaluation.
Our lawsuit loans in Alabama are affordable, reliable, and risk-free. We will happily meet with you and your attorney to discuss your legal funding options.
If you qualify for pre-settlement funding in Alabama, you will receive your cash advance within a short period. Contact High Rise Financial today and take the first step toward reclaiming your life after an accident.