Learn more about legal funding and personal injury lawsuits in Pasadena here.
The settlement value of California’s personal injury cases is higher than the national average. It’s not only about the money. Rather, it’s about the emotional and mental effects of post-accident that victims have to deal with. The state protects the rights of its citizens and encourages filing lawsuits when necessary.
However, legal battles take a long time. Consequently, it may affect one’s financial capabilities. Thus, the importance of lawsuit loans. Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today at (877) 703-0905 to get settlement funding in Pasadena, California, with the assistance of California Legal Funding.
Presettlement Funding for Plaintiffs
Firms provide victims easy access to lawsuit loans for various types of personal injury cases. Also otherwise referred to as pre settlement loans, legal funding is free and hassle-free. Often, the presettlement funding is released within 24 to 48 hours after applying.
To apply for free, call (877) 735-0016
How is it different from traditional loans?
The presettlement loan is unlike the typical bank loan, where one needs collateral, credit check, employment history, and others. This is more like legal funding than an actual loan where the third-party settlement loan company gives an advance of the future court award. Lawsuit loan funds are transferred via check, cash, Western Union, etc.
Furthermore, legal funding is a non-recourse loan which means there are no risks. Since they invested in your case after strict evaluation, the pre settlement funding firms take on the risks when lending you the money. Even if you don’t win the case, you won’t have to pay the company back a penny.
How much do settlement loans cost?
The total lawsuit loan cost depends on how much advance you take, how long the case lasts, and how much interest rate the settlement loan firm has. The average lawsuit loan interest rate ranges between 1%-3% per month. Therefore, it’s essential to look around for a reputable firm.
Regardless of the monthly charges, only apply to a firm with a lawsuit loan interest not more than an annual interest rate of 45%. Know that lawsuit loan rates are higher due to the risks the lending firms take. The company isn’t getting any money if the case isn’t won.
Furthermore, settlement loans companies today offer loans and charge compounding interest. This means paying interest on top of the interest since it’s calculated every month. As a result, your settlement loans may eat a chunk of your court award.
Lawsuit Loans with High Rise Financial
High Rise Financial is your settlement loan firm of choice in Pasadena, California, and many other states. With a trusted and reliable team of lawsuit funding specialists, we offer settlement funding to maximize your lawsuit. We want to give you ample time to present your case and get the best settlement possible.
Why Choose Us?
- Low-Interest Rate.We offer one of the lowest lawsuit loans interest rates in the city, depending on the strength of your case. There are no monthly payments or upfront fees.
- No-Risk Process. Since settlement loans are non-recourse loans, you don’t pay us back if you don’t win the case. You keep the money!
- Fast Lawsuit Funding. Time is critical for lawsuit cases. We understand your need for settlement loans, and we make it quick and easy for you.
- Quick and Easy. We only have a three-step lawsuit loans process: apply, wait for approval, and receive your pre settlement funding within the day. Just fill out the online form, provide the details asked, and we’ll take it from there.
Are you in the middle of a personal injury lawsuit? Don’t fret. We’re here to help. High Rise Financial is a reputable settlement loan provider with a team of professionals willing to do what’s best for your case.