Defective drugs harm thousands of American each year, leading to countless lawsuits against negligent manufacturers. If you’ve been harmed by defective drugs and are waiting on a settlement, a defective drug loan can relieve financial stress that can force you to accept a lower settlement.
It can take months or even years before you see money from your settlement. With a lawsuit loan, you can resist the defendant’s stall pressure tactics. By getting money from your settlement early, you reduce your need to take whatever deal you can right now.
In This Article
What Is a Lawsuit Loan?
Instead of waiting to get money from your settlement months or years from now, a lawsuit loan can give you that money today. Even though it’s called a lawsuit loan, there’s no risk from one to you or your personal finances.
Since the IRS classifies all forms of pre-settlement legal funding as non-recourse debt, your personal assets can’t be used to repay it in the event that you lose your case.
Unlike other financing options, the only collateral you will need to obtain a lawsuit loan is your settlement itself. There is no credit check for pre-settlement legal funding, as your assets can’t be used to repay the money you receive. All that matters in your application for legal funding is the quality of your settlement case.
Do You Qualify For a Defective Drug Lawsuit Loan?
Since a lawsuit loan is a form of non-recourse debt, it’s actually easier to qualify for it than a typical recourse loan. For instance, your credit history and personal assets aren’t taken into consideration for your application. All that matters when applying for legal funding are the following:
- Whether or not your lawyer agrees to receive legal funding
- The quality of your case
Since any repayment of your defective drug legal funding will come solely from your settlement, the specific circumstances around it are all that matter when determining if you qualify for legal funding and how much.
Since your lawyer will be paid through legal funding, they also must agree to receive it. Unfortunately, we can’t fund your case if they don’t want to use legal funding.
What Expenses Can a Defective Drug Lawsuit Loan Cover?
If you’ve suffered harm from defective drugs, you could face mounting bills as you recover. Your expenses could be particularly high if you’ve lost income or had to seek medical treatment due to the drugs. Lawsuit loans can be used to cover any expenses that you might face as you await your settlement, including the following:
- Medical bills
- Rent or mortgage
- Childcare expenses
- Groceries and utilities
- Car payments or replacement
Once you receive your money from a lawsuit loan, it’s yours to spend however you see fit. There aren’t any restrictions on how you can use the money, and you have no obligation to repay it if you lose your case. Any repayment of your legal funding will come from your settlement alone.
Get a Lawsuit Loan for Your Defective Drug Settlement Case
High Rise Financial is a leading lawsuit loan company that offers legal funding to clients nationwide. We’ve made our application process fast and easy so our clients can get up to $1 million in funding in just 24 hours or less. We offer low, simple interest rates, protecting our clients from exorbitant fees that they may face with other companies.
Contact us today to find out if your case qualifies for defective drug pre-settlement legal funding. We know how hard it can be to fight for justice for yourself and your loved ones and can provide you with the resources to do so. With us, you could have the money that you need today to fight for the maximum value of your settlement.