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Hit-and-run accidents are on the rise in many states across the United States. If you get injured in a hit-and-run accident due to another person’s negligence, you can file a claim to seek compensation to help you pay for urgent treatment and other related expenses.
But how long does the claim process take? What if your case goes to court? The good news is you can seek legal funding for your hit-and-run accident lawsuit while waiting for your personal injury claim to go through.
What Is Legal Funding for a Hit-and-Run Accident Lawsuit?
Legal funding for a hit-and-run accident is a pre-settlement that enables you to pay your medical bills and other expenses you may have incurred due to a hit-and-run accident that was someone else’s fault. The pre-settlement can help if you are experiencing financial challenges.
You never planned for the accident. Paying for medical expenses can leave you financially drained. You might be unable to work and manage your daily activities like before.
Legal funding can help you get back on track. At High Rise Financial, we offer risk-free legal financing for hit-and-run accident lawsuits and quick financial solutions for personal injury accident cases.
Eligibility for Hit-and-Run Pre-Settlement Funding
Not everyone can apply for a pre-settlement. Knowing the qualifications can help you to make an informed decision. Below are the requirements.
You Must File a Lawsuit
If you are looking for legal funding, you must file a valid lawsuit against the defendant. This doesn’t mean you have to go to court. Many plaintiffs get legal funding without going to court.
You Must Have a Personal Injury Lawyer
Legal funding companies require all plaintiffs to have a reputable attorney. They will speak to the attorney and ask them to approve your legal pre-settlement. If you don’t have an attorney, you will not qualify for legal funding.
If you are partially at fault for the hit-and-run accident, the legal funding company may still find a way to help you with your pre-settlement. They can work with your lawyer to determine the best way forward.
Why You Need a Lawsuit Loan for a Hit-and-Run Accident
Many life changes occur when you suffer injuries in an accident. You will need money urgently to cover medical costs. Legal funding can help you offset necessary expenses and huge bills.
Accidents are unexpected, and getting money may not be easy. Here are some expenses you can pay with legal funding.
Medical Expenses
A hit-and-run accident can leave you with mild or severe injuries. You may need to pay substantial medical bills for regular treatment, surgeries, or therapy. Your settlement could take months, and you might have to borrow money to pay for your needs.
You won’t have to worry about financial problems with your doctor, therapist, or hospital because legal funding enables you to pay your expenses on time.
Damaged Property
If your car gets damaged in a hit-and-run accident, it may require repair or replacement. This can cost a lot of money. Waiting for your personal injury settlement could take months or even years, affecting your daily activities.
Legal funding enables you to repair or replace your car if needed. You won’t need to wait for your case settlement because you can access an instant pre-settlement, enabling you to continue your daily activities without affecting your quality of life.
Rent and Utility Payments
You may also need to pay rent and utilities, or you may also have a mortgage that requires a monthly payment. If you suffered severe injuries in the accident, it might take time to recover, leaving you unable to work and earn money for rent and bills.
A pre-settlement can enable you to pay your rent and bills on time. It gives you financial security and prevents a negative impact on your credit score due to the late payment of rent and utility bills. This gives you peace of mind as you focus on healing.
How Hit-and-Run Legal Funding Works
Getting legal funding is a simple process. Once you confirm that you are an accident victim with a pending personal injury claim, the legal funding company will contact your attorney to discuss your case. Below are the steps we take when you contact High Rise Financial for legal funding:
- We speak to your attorney to collect information about your case.
- We ask you and your attorney to sign an agreement confirming the details of your case.
- We conduct a thorough review of your claim to determine your eligibility.
- Once we verify your eligibility, we will approve your funding within 24 hours.
The plaintiff should be willing to provide the necessary information requested by the legal funding company to quicken the approval process. This includes your personal details, information about your injuries, and your lawyer’s details. The funding company will require these details before approval.
Get Legal Funding for a Hit-and-Run Accident from High Rise Financial
Don’t wait if you or a loved one were involved in a hit-and-run accident and are stuck with medical bills and other expenses. High Rise Financial is a reliable and effective legal funding company that gets you the required legal funding.
Contact us and a team member will get back to you as soon as possible.