Every year in the US, car accidents cause roughly 35,000 fatalities, according to the Insurance Information Institute (III). Despite many safety reforms over the past several decades, car accidents continue to be one of the leading causes of death in the nation.
If you’ve suffered from a car accident, you can recover compensation by filing a lawsuit against the at-fault party. We can help you get the legal funding and a car accident loan you need fast so that you can stay financially stable while fighting your lawsuit.
How Does Legal Funding for a Car Accident Work?
Pre-settlement legal funding is unlike a traditional loan. It is a non-recourse source of cash that you can use to cover various expenses. Traditional loans often have high-interest rates, monthly payments, and require supplemental proof and financial documentation. If you take out a loan, you’re liable for that money and become obligated to pay it back, regardless of your situation.
Our legal funding for car accidents include a flat fee with no interest. And you don’t need to show us any proof of income, financial statements, or go through a credit check. Unlike traditional loans, our financing carries no risk to you at all. However, if you lose your lawsuit and don’t win compensation, you don’t have to pay us back for any of the money you received.
Applying for Legal Funding
You can apply for legal funding through our website. We have a simple online application form to fill out. All you need to do is provide us with the information we need, and we will get back to you within 24 hours. If approved, you can receive the funding you need shortly afterward.
Our financial team works quickly to ensure that you get a response fast. We won’t waste any of your time, and we always strive to notify you of approval by the next business day. Financial matters are always time-sensitive, so we work hard to get our clients cash as fast as we can.
How Can I Use Legal Funding?
You can use the cash you get from legal funding in any way you wish. We do not have any restrictions on how you choose to use your money. Typically, car accident victims use their legal funding to pay off critical expenses.
The Association for Safe International Road Travel (ASIRT) states that roughly 4.4 million car accident victims in the U.S. suffer injuries severe enough to require medical treatment. In general, medical treatment is egregiously expensive. For example, you can spend upwards of several thousand dollars to reset a broken bone or have minor surgery.
Waiting for your settlement can cause your medical debts to continue piling up. To avoid any financial problems with your doctor or hospital, you can manage those debts early with financial help. You don’t have to make a hard choice between paying bills or getting proper medical treatment with the cash you receive.
Vehicle Repair or Replacement
Car accidents will almost always cause significant damages to your vehicle, requiring a repair or replacement. Waiting for months, or possibly even years, for a settlement to repair your car can severely impact your ability to get around and do essential tasks.
With legal funding and a car accident loan, you don’t have to wait to get a replacement car or make the repairs you need. Instead, you can get them instantly and pay off the mechanic or dealership with little to no issues.
Paying for Rent, Mortgage, Utilities, and More
Critical financial obligations, such as your rent or mortgage payments, utility payments, and groceries are essential. A car accident may force you to recover from your injuries for an unspecified period, during which you are unable to work and earn money.
If you rely on your settlement as a lifeline, you must wait until you win it. And you might not have enough money to pay your bills. Financial assistance can make all the difference and allow you and your loved ones to have a roof over your head and food on the table. It affords you comfort while you await your settlement.
Apply for Free With Us Today
Even though you are legally entitled to file a claim for a settlement, there’s no guarantee under the law how fast you can receive compensation. Some car accident lawsuits can take several months, if not years, to finally settle.
The financial experts at High Rise Financial are here to help. We won’t let the insurance companies exploit you after your car accident. Instead of getting costly loans, consider getting in touch with us today to learn more about all of the financing options available for you.