Trusted Lawsuit Loan Provider in El Monte
In California, about 2% to 3% of all personal injury cases end up with a trial. A study in 2021 shows that the average money paid for personal injury trials reached $1,814,094. Personal injury cases aren’t uncommon, and so are lawsuit loans. Often, people who are victims of personal injuries such as accidents and wrongful death, among others, apply for a loan to help them get by while the case isn’t settled yet.
How do Lawsuit Loans Work?
The basic rule in lawsuit loans or pre settlement loans is that you don’t have to pay it back if the case isn’t settled in your favor. It protects you from unnecessary stress and anxieties. The legal funding you get from us isn’t entirely a loan you need to pay back. It’s a cash advance to help you support yourself financially during your lawsuit. You only pay the settlement funding if you win.
You don’t have to worry about a lengthy process. We know that time is critical in personal injury cases. Our legal team meets with your lawyer to talk about the case.
Getting a settlement funding offer means that you have a high chance of receiving a fair settlement. Fill out our presettlement funding application form today to learn more about settlement loan options.
Should you get a Lawsuit Loan?
There are several reasons to get presettlement funding. A lengthy legal battle can leave you financially strapped. If you’re a victim, you may be unable to get a job and support your family, pay the bills, the insurance, and other living expenses. A pre settlement loan is your safety net.
In California, personal injury lawsuits can take months or maybe years. Many insurance companies stall to force you to settle on a low amount. With presettlement funding, you don’t have to worry about the money to cover your expenses and bills.
How Much Does a Legal Funding Cost?
The cost, rates, and terms differ for every settlement loan company. It’s best to do your research on the interest rates and fees. Others have compounding interests, so you end up paying more the longer the case goes. Lawsuit loans aren’t regulated in California, so applying for a settlement loan from a reputable and ethical legal funding firm is imperative.
At High Rise Financial, we offer a simple and low-interest rate. The lawsuit loan can reach up to $200,000 or more, depending on your case. Call us today to get an estimated amount of pre settlement funding you need to pay, including the interest. This will give you an idea of how much legal funding to apply for.
FAQs Before Getting a Pre settlement Funding
Here are some typical questions people ask before applying for a settlement loan.
- Ask for your lawyer’s input
- Is there a liability involved in lawsuit loans?
- What happens to the pre settlement funding if I don’t win?
- Where can I spend settlement loans on?
- How can I apply for a lawsuit loan?
- Do I need a lawyer for lawsuit funding?
- How fast is the process for settlement loans?
- Is a lawsuit loan my last option?
These questions will guide you and help you decide whether you need lawsuit funding.
Applying for a lawsuit loan can help you get quick funds before your case settles. Call our team today to help you through the process of settlement loans.