California Legal Funding
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Stay afloat with cash through pre-settlement legal funding.
The 2017 Statewide Integrated Traffic Records System (SWITRS) annual report indicates that about 277,160 people were injured in traffic crashes in California. A person injured in an accident caused by another person’s negligence may be eligible for fair financial compensation. However, there are several legal battles that victims need to go through in California before they can recover damages. In this context, waiting for a settlement also means high financial pressure; therefore, car accident legal funding is an option you should consider for covering your medical bills, loss of wages, and more. Keep in mind that it can take months, if not years, to receive the compensation you deserve.
This is why High Rise Financial offers legal funding, commonly known as lawsuit loans, to accident victims who need legal funding. At High Rise Financial, we offer pre-settlement legal funding, also known as settlement loans, to personal injury victims and their families throughout California. Our pre settlement funding can help you meet your basic needs, such as food, medical care, and rent during this difficult period.
With our risk-free settlement loans, you can get the legal funding you need without applying for a lawsuit loan in California. You won’t need to repay the pre-settlement funding if you lose your lawsuit. You have nothing to lose and everything to gain by working with High Rise Financial.
Why Should You Use Legal Funding?
Legal funding can help you cover your living expenses as you wait for your settlement. In many personal injury cases where a plaintiff has a strong claim, the defendant will try to drag out the settlement process. This can force the plaintiff to settle for less than they deserve simply due to the financial pressures they can face as they wait for money from the settlement.
With pre-settlement legal funding, you can get cash for your settlement now without having to wait. Legal funding can help you pay for any expenses you might have after your accident, such as medical bills or personal expenses. With pre-settlement legal funding, you can better resist pressure tactics from the defense to fight for the full value of your settlement.
Requirements for Pre Settlement Funding (AKA Lawsuit Loans) in California
Our legal funding in California allow accident victims with pending personal injury lawsuits to get cash advance prior to their injury settlement. The pre-settlement funding from High Rise Financial eliminates the need to apply for a lawsuit loan.
To apply for legal funding in California, you must have a personal injury claim. Also, you have sustained your injuries from a traffic collision. You are likewise required to be a California resident or have a pending lawsuit in the state.
Your attorney must also agree to receive third-party funding. If they refuse, we won’t be able to fund your case. However, if they agree to third-party funding, you could receive cash in your account in as little as 24 hours.
How to Spend Your Pre-Settlement Funding
Once you receive your pre-settlement funding, it’s yours to spend however you see fit. There are no restrictions on how you may use it. You can use our pre settlement funding, also known as lawsuit loans, to do any of the following and more:
- Pay bills, rent, and debts
- Settle monthly expenses and utilities
- Buy food and groceries
- Pay for healthcare
- Make car payments
Legal funding offers many advantages over a traditional lawsuit loan and has few downsides. A traditional lawsuit loan is a type of personal loan and has all of the drawbacks of one, including the following:
- You’ll need to do a credit check
- The application can be long
- Getting the money can take time
- The loan will show up on your credit report
- Your personal assets will need to be verified
- You’ll have to repay the loan with interest even if you lose your case
On the other hand, legal funding offers several advantages over a traditional loan:
- No credit check is necessary
- Applying is easy and takes just a few minutes
- You can have money in your account within 24 hours
- Your legal funding won’t show up on a credit report
- There’s no need to verify your personal assets
- You won’t have to repay anything if you lose your case
The IRS classifies a lawsuit loan as a recourse debt, meaning your personal assets could be at stake when it comes time for repayment. On the other hand, legal funding is considered a form of non-recourse debt, meaning you have no obligation to repay it. Your settlement will be used as collateral for the legal funding, which means if you lose your case, you don’t have to repay it.
Fault Laws in California
California is a “pure comparative negligence” state. Under the system, the court allows accident victims to recover compensation for their injuries, even if they are 99% at-fault for the incident. However, the total compensation that may be recovered will be reduced by their percentage of fault.
The degree to which you’re potentially at-fault in your accident will be taken into consideration when you apply for legal funding.
California Personal Injury Statute of Limitations
According to California Code of Civil Procedure (CCP) §335.1, an action for personal injury shall be commenced within two years from the date of the accident. Plaintiffs who file a case after the statute of limitations has expired have little chance of winning their case, even if they have suffered injuries through no fault of their own.
How Pre-Settlement Legal Funding Works
Through our legal funding, you can get a cash advance in four easy steps:
- Notify us about your interest in getting a settlement loan.
- Our settlement loan experts will discuss your case with your attorney.
- You and your attorney will sign an agreement.
- Receive your cash advance once we approve your application for a pre-settlement loan.
Applying for our pre-settlement loans or lawsuit funding is quick and stress-free with High Rise Financial. There are no credit checks or income checks, and there is no obligation to repay if you lose your case. Learn more about legal funding.
Turn to High Rise Financial for Your Settlement Loans in California
If you or a loved one is searching for settlement funding (also referred to as a lawsuit loan) in California, contact High Rise Financial to schedule a consultation. We can offer you risk-free legal funding or pre-settlement funding for your personal injury claims without applying for lawsuit loans.
Our trusted lawsuit funding experts will be available to speak with you and help you understand your pre-settlement legal funding options. We will work together with your legal counsel to determine your prospects of winning the injury lawsuit and how much compensation you’re likely to receive.