In the United States, car accidents account for approximately 37,000 deaths and countless injuries each year. The vast majority of accidents are the result of negligent or reckless conduct, such as speeding, distracted driving or even driving under the influence (DUI). The physical, emotional, and financial effects of a car accident can be devastating. High Rise Financial is a leading pre-settlement funding provider offering assistance to car accident victims.
Car Accident Loans and The Financial Impact of a Car Accident
Even a relatively minor car accident can result in thousands of dollars in property damage, medical bills, rehabilitation costs, and lost wages. While a personal injury lawsuit against the negligent driver is one way for an injured party to receive compensation, most car accident victims find it difficult to wait months or even years for their case to settle. Car Accident loans with legal funding through High Rise Financial offer a way for plaintiffs of car accidents to remain financially secure while they continue to work with their attorney to secure a fair settlement.
“High Rise Financial was so amazing. They helped me in my biggest time of need – I needed money and I needed it fast. They are a wonderful team and would recommend them to anyone looking for a lawsuit loan. They gave me a cash advance for my car accident case while we were riding out negotiations with the other party’s insurance company.” Nicole W.
What Is Legal Funding for a Car Accident Loan
Legal funding, or lawsuit funding, is a way for car accident victims to get a portion of their anticipated settlement immediately instead of waiting for their case to finalize. The money that High Rise Financial provides to clients is not considered a cash advance or a loan. It is a non-recourse transition, which means that the client does not owe High Rise Financial anything if their personal injury case is lost. This is vastly different from a traditional loan, which must be repaid regardless of the outcome of the case. We also offer post-settlement financing. This type of funding is meant for plaintiffs who have secured a settlement or jury verdict but are waiting for their settlement funds to be dispersed. Both types of funding provide a lifeline to accident victims who are struggling to meet their basic financial obligations, including rent, utilities, and car payments.
Are Car Accident Loans Normal Loans?
A car accident loan is really a cash advance for lawsuits involving car accident settlements. Rather than waiting for the lawsuit to settle, a person who is involved in the lawsuit can get a cash advance pending settlement. The car accident loan can help pay for repairs, hospital bills, and other types of expenses related to the accident. The catch is the loan or rather cash advance is contingent on the settlement, which means it will have to be paid back, usually with interest or a fee based on the agreed-upon structure.
Legal Funding is 100% Risk-Free
High Rise Financial is different from most other companies in that the application and approval process is transparent and hassle-free. There is never a fee to apply and approval is based solely on the facts of the case. There are absolutely no embarrassing financial, employment or credit questions. In fact, applications are generally reviewed within a few hours and clients who are approved can be funded within 24 hours. The cash you receive is provided with 100% no risk. Meaning, if you lose your personal injury lawsuit, you have no obligation to pay us back the money! Should you win your case, repayment is also simple. High Rise Financial makes arrangements with your attorney to repay the funds out of the proceeds of the settlement.
Car accident victims should be able to focus on recovery instead of worrying about their finances. Our team is available to help you through the process. You are welcome to apply for legal funding online or call us anytime at (866) 407-6404.