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A settlement can take years to resolve, and Orange County pre-settlement legal funding can help you pay your bills while you wait. Legal funding can relieve some of the intense financial pressure you’ll feel as medical bills and living expenses pile up after a loss of income.
With legal funding, you have immediate access to cash financing for your lawsuit before it settles. With your finances in order, you can pursue the full value of your case and won’t have to settle early for a lower amount just because you can’t afford to fight.
What Is Pre-Settlement Legal Funding?
Pre-settlement legal financing in Orange County makes it easier for you to continue receiving medical treatment and care and paying for your daily costs of living while your attorney litigates your case. The best part is that legal funding carries no risk at all for you.
You won’t have to wait until you get a settlement or future court award. It only takes 24 hours or less to get the funds you need for your personal expenses. The beauty of lawsuit funding is that it must only be paid back to us if you win your case or if there is a settlement to compensate for your injuries.
What Are the Advantages of Legal Funding in Orange County?
A settlement can take weeks or even months to be resolved, during which time you may be unable to work or have to pay legal fees you can’t afford. This can put enormous financial pressure on plaintiffs, making it more likely that they settle for a lesser amount of compensation than they could obtain if they weren’t forced to compromise.
Pre-settlement legal funding in OC offers plaintiffs a financial bridge that can help them get to the point where they can obtain their maximum settlement. It has several advantages over other types of financing available to plaintiffs as they pursue their settlements, such as dipping into savings or taking out a legal loan.
For one, legal funding isn’t a loan but is instead a form of non-recourse debt. This means that you have no obligation to pay it back unless you win your settlement. The legal funding company assumes all the risk of your case once our team of underwriters evaluates your case and approves your application.
How Does the Orange County Pre-Settlement Funding Process Work?
The process to obtain legal funding is relatively simple and can take just a few hours to complete. In most cases, you’ll contact a legal funding company and submit documents related to your case. They’ll review your case and will make a legal funding offer based on the strength of your claim and the size of the award given in past settlement cases.
Once your application is approved, you’ll receive your funding, which can arrive in your bank account in as little as 24 hours or less. The money is yours to keep and spend in whatever way you see fit. If you lose your settlement, you won’t have to repay the money back, but should you win, your lawyer will submit a check to your legal funding company from your award.
How Much Does Pre-Settlement Legal Funding Cost?
The costs for pre-settlement funding vary from case to case and ultimately depend on the facts of yours. Each case carries a different level of risk, and as legal funding companies treat their money to you as an investment, their rates will reflect that. It’s not possible to say how much you can expect to pay before looking at the information about your case.
However, while the amount you can pay will vary, a reputable legal funding company won’t charge you exorbitant interest. One that has the interests of its clients at heart will charge only low, simple interest, which leaves the plaintiff with more money left over from their case. This is especially important in long cases where compounding interest can eat up the whole settlement.
Can Your Lawyer Deny You Pre-Settlement Funding?
If you decide to obtain legal funding, you must inform your lawyer, as this will change how they will be paid from your case. Your lawyer can’t stop you from getting legal funding if you qualify for it, but they may not want to work with a legal funding company. If your current lawyer does not wish to accept legal funding, you may need to find a new one if you are trying to obtain it.
Apply for Pre-Settlement Funding in Orange County Today for Free
High Rise Financial offers the opportunity to apply for pre-settlement legal funding to all Orange County and California residents or accident victims. The application is simple and should only take a few minutes. You could be approved for up to $1 million, which you can receive in your bank account in just 24 hours.
We offer low, simple interest on all of our legal funding to give our clients more money to take home. With nationwide coverage, we have the financial resources to offer you maximum funding at the best rate. Contact us today to begin your application or to speak with one of our team members who can guide you through this process.