Legal Funding in Corona, CA
High Rise Financial is a top-rated and reliable lawsuit loan firm in Corona, CA. We have a team of specialists with multiple years of experience in personal injury claims. Defendants such as yourself will get the best settlement loan option available.
Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today at (866) 407-6404 to get settlement funding in Corona, CA.
What is a Pre Settlement Loan?
Pre settlement loans come in many names, including settlement loans, presettlement funding, lawsuit loans, and settlement loans. Simply put, a lawsuit loan is a cash advance for those with pending or ongoing personal injury lawsuits.
California has a two-year statute of limitation for filing a lawsuit. If you cannot file your claim within that time, then your claim will no longer be valid. Time is critical; thus, people seek lawsuit funding to ensure their claims are filed on time.
Lawsuit Loans FAQs
Find the answers to the frequently asked questions on settlement loans below.
Can I pay back the legal funding before the case is settled?
Yes, you can pay the loan in advance. It is a non-recourse loan which means repayment depends on the case’s outcome. You only pay if you win. However, there are lawsuit loans companies with a minimum repayment amount and period. It’s essential to read the terms carefully before signing.
What happens to my settlement funding if I lose the case?
Even with a strong claim, it’s not always a done deal. It’s stressful when things don’t happen the way you expect. First, you’ve suffered an injury. You also spent money, time, and effort to fight for your rights. In the end, you lose the settlement you needed to help your family.
Further, there’s also the anxiety of where to get the money to pay for the lawsuit loan. The good thing is that your loan is classified as an investment made by a legal funding firm. Therefore, there’s no need to pay it back if the case is lost.
Are multiple loans possible?
You are eligible for additional lawsuit loans. If your case becomes more certain, the company might allow you to take another settlement loan. If your previous lender can’t let you get another advance, you can reach another settlement funding firm.
Once approved, the other presettlement funding firm will ask for a payoff letter from your original lender and pay the settlement loan you owed. While multiple lawsuit loans are allowed, it’s not permitted to have several pre settlement funding firms simultaneously.
How are interests for settlement loans calculated?
This depends on the pre settlement funding firm you’re getting your lawsuit loan from and the interest rate. Typically, the lawsuit funding firm evaluates and assesses the case. In addition, they check the validity and the strength of your claim. The settlement loan amount and the interest rate depend on these factors.
If you have more questions about pre settlement funding, don’t hesitate to reach out to High Rise Financial today.