When you get into an Uber car, the last thing you expect is to end up in an accident. Yet, Uber accidents happen frequently. You may be able to receive legal funding whether your driver or another driver was at fault.
If you were seriously injured, you may have mounting medical bills and lose income from missing work. A legal claim can be a long process, but you could find faster financial help while you wait through legal funding for Uber accident lawsuits from High Rise Financial.
Why You May Need Legal Funding following an Uber Accident
Legal battles and lawsuits take time, especially if both sides cannot come to a settlement agreement. It may take weeks or months, if not years, for a settlement, and it could be longer for a court case. The timeframe for receiving compensation can be affected by:
- The extent of your injuries and recovery time
- The determination of liability and who should be held accountable
- Witness testimonies and the depositions of those involved
- An unwillingness of the defendant(s) and insurance companies to settle
- The need for a trial and getting on the court calendar
If you are not working due to your injuries, you will need a source of funds to help you through this time. Legal funding could provide much-needed financial relief and grant you peace of mind.
The Definition of Legal Funding for an Uber Accident Lawsuit
Legal funding equates to a pre-settlement offer. If you are unable to work, it affords you the ability to stay afloat and pay unexpected medical bills as well as routine expenses.
Legal funding is not exactly a loan. It provides you with an advance payout based upon the perceived value of the settlement you could receive through legal means. High Rise Financial may be able to help you with risk-free legal funding following your Uber accident.
How does Legal Funding Work?
As legal funding is not a loan, there is no interest, and you would be charged a flat fee. Additionally, because your funding is a non-recourse debt, if for any reason you do not win your lawsuit and are not awarded compensation, you do not have to repay your legal funding. The approval process is simple and straightforward.
How to Determine whether You Qualify for Legal Funding
There are several primary qualifications for an Uber accident lawsuit loan. For example:
- You must have filed a valid, active lawsuit against the defendant, which in this case could be the Uber driver, Uber itself, or the driver of another vehicle.
- You must have a reputable attorney to approve your legal funding agreement.
- The legal funding company will want to see proof that there is an at-fault driver and proof of their insurance.
The Amount You May Receive from Legal Funding
Typical monetary amounts across the legal funding industry are 10–20% of the expected settlement from your legal case. That could equate to anywhere from $500 to $100,000.
If you win your case, your lawyer fees and repayment of your pre-settlement legal funding and associated fees would be paid from your compensation, along with any other mandated payments. The balance of your settlement funds would then be paid to you.
You May Need Additional Money before You Receive Your Settlement
If you need additional funding, contact your legal funding representative. We realize additional finances may be necessary and can reassess your legal funding at any time. The company’s team of underwriters can assess additional funding as quickly as your original funding was assessed and authorize any additional funding based on the facts of your legal case.
How You Can Use Your Legal Funding
Once you are approved and receive your funds, you can utilize them in any way you need to. Most legal fund recipients will use their funds to:
- Pay medical expenses
- Make monthly house payments or rent and pay other necessities such as utilities
- Grow their savings and accrue interest to have available for future expenses
High Rise Financial does not dictate how to spend your money. But we do suggest you speak with a financial advisor regarding your own circumstances.
State Availability for Legal Funding for an Uber Accident Lawsuit
Just as every state has its own laws regarding Uber accidents and other personal injury lawsuits, they also have their own regulations on legal or litigation funding. Most states allow funding companies to provide legal funding to those in need of finances during a lengthy litigation period.
However, some states, such as Alabama, Georgia, and Mississippi, ban legal funding altogether. Why? They cite champerty, and their concerns lie with possible external influences that could potentially affect the outcome of a case.
There are some states that allow legal funding but regulate the loans through fee caps and prescribed interest rates. Some states require legal funding companies to register within their state to operate.
Find Out if Legal Funding Is Allowed in Your State
Most personal injury attorneys know whether their state allows legal funding. You can also contact the legal funding company directly to find out which states it operates in.
How to Apply for Legal Funding
Your application process is straightforward and easy. There is no credit or income check, and the application will not affect your credit rating. And there is no application fee.
We just gather some basic information and contact your attorney to verify your lawsuit information and receive their signature of approval of your legal funding.
Your legal funding application result can come in as little as 24 hours, and if approved, you will receive your funds shortly thereafter.
Get Legal Funding for Your Uber Accident Lawsuit Through High Rise Financial
High Rise Financial can provide legal funding in well over half the states in the country, such as California, Florida, Hawaii, and Massachusetts. For your convenience, we have offices in Los Angeles, Brooklyn, and Orlando. Contact us today to discuss legal funding for Uber accident lawsuits or apply for your legal funding online.