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If you anticipate a settlement in a car accident lawsuit in Faribault, you may be eager to obtain the funds promptly to cover your expenses and regain financial stability. A lawsuit loan allows you to get an upfront cash payment before your case settles. Pre settlement funding can provide crucial financial relief while awaiting the resolution of your case, as lawsuits often take years to resolve, leading to a financial predicament with mounting bills.
How is a Car Accident Loan Different from a Traditional Loan?
Individuals involved in car accidents can choose between two main financing choices – a conventional or a lawsuit loan. Contrary to its name, a pre settlement loan significantly diverges from a typical loan. If you choose a traditional loan, you are obligated to repay the money regardless of the outcome of your case. In contrast, settlement loans are issued on a non-recourse basis. This means you are not required to repay the legal funding if you do not win your case. Therefore, pre settlement loans are risk-free loans.
To apply for free, call (877) 735-0016
Eligibility for Car Accident Loans
Another difference between pre settlement funding and conventional loans is the eligibility requirements. Your credit score, income, and employment history determine your eligibility for a regular loan. Alternatively, settlement loans provide an advance against your expected settlement from a car accident lawsuit. At High Rise Financial, we provide lawsuit funding based on the merits of your accident claim. Faribault residents can get a settlement loan even when their credit and employment are not too flattering. Unlike lawsuit loans, regular loans typically use your assets as collateral. With settlement loans, the expected settlement serves as the sole collateral. Monthly repayments characterize traditional loans. This is not the case for Faribault lawsuit loans. Lawsuit funding is only repaid once you receive your settlement.
Personal Injury Lawyer Near Me (877) 735-0016
Applying for a High Rise Financial Car Accident Loan
- To qualify for a Faribault settlement loan, you must have an active car accident lawsuit through a qualified attorney.
- Supporting documents such as medical records, police reports, and insurance details can help you get the presettlement funding you need faster.
- At High Rise Financial, we pride ourselves in our simple lawsuit loan application process. You can obtain settlement funding through this easy 3-step procedure.
- Apply for our settlement loan online. Alternatively, you can kick off the settlement funding process by calling us on our toll-free number.
- Our team will contact your attorney and review your case details. During this step, we can determine a suitable pre settlement funding amount.
- Our lawsuit loans are disbursed shortly after approval.
Contact High Rise Financial to Get a Car Accident Lawsuit Loan
At High Rise Financial we are committed to helping accident victims recover financially, and a car accident loan can be an excellent instrument to achieve this objective. Our lawsuit loans are approved and disbursed quickly, and you can use the presettlement funding as you see fit. Contact us today to determine the settlement loan amount you may be eligible for.
Call or text (877) 735-0016 or fill out our form to apply today for free.