Getting Funding for a Class Action Lawsuit

When you have suffered an injury due to someone else’s negligent or wrongful actions, you can file a lawsuit or insurance claim to seek damages. However, individuals often opt to join or come together for a class action lawsuit to amplify their voices and increase their chances of a successful resolution. This collective approach not only shares the legal burden but also addresses common issues affecting multiple people. Thus, making a stronger case against the defendant.

However, getting compensation in such cases can be a lengthy process. While your case is ongoing, living expenses, medical bills, daily expenses, and litigation expenses will keep accumulating. But can you apply for legal funding while awaiting your mass tort lawsuit settlement? The answer is yes. In this article, we will guide you through the steps of securing the legal funding you need to cover expenses and reduce financial stress during the prolonged legal proceedings. Let High Rise Financial assist you in navigating this process transparently and effectively.

In This Article

What Is a Class Action Lawsuit?

Class action lawsuits are civil actions that groups of people bring forward. Rather than several victims suing the same party, it’s often easier and more cost-effective to designate one person or entity as the group’s representative. Some common legal matters why people join class action lawsuits include:

Investment fraud
Defective products
Personal injury
Fraudulent business practices or scams
Violations by an employer

Furthermore, class action legal claims can appear in either state or federal court, often taking a long time to resolve. Because of that, many plaintiffs find that they need the funds they expect before the case ends and receive their compensation.

Similarly, personal injury attorneys who take on class action litigation also find that they need funds before they receive their payment. Whether you have been affected by a wrongful action or representing someone who has, you can stay afloat while your lawsuit is pending. Call the team at High Rise Financial to discuss the possibility of legal funding prior to receiving a class action lawsuit settlement.

To apply for free, call (877) 735-0016

You Can Borrow Money on a Class Action Lawsuit

Both attorneys and plaintiffs can borrow money in a class action context. However, there are some caveats to pre-settlement funding. Similar to other personal injury lawsuits, you can borrow up to 20% of the expected settlement upfront before your class action lawsuit settles or while negotiating with insurance companies. There is also a chance that you won’t be allowed to use your pre-settlement loans to pay for your legal services. Though, you can use the cash advance to cover almost anything else.

However, pre-settlement funding is not a traditional loan. We don’t look at your credit score, bank statements, or other financial details. We also don’t require any credit check, collateral, or proof of income. Instead, we only care about the strength of your lawsuit and the fact that you have needs that your compensation can’t cover yet.

After you’ve won your class action lawsuit, you will pay back the lawsuit loan you received, the additional fees, and the interest using part of your settlement award. Conversely, if your class action suit isn’t successful, you aren’t personally responsible for paying us back.

Funds You Can Get From Pre-Settlement Funding

While you wait for your class action civil lawsuit to settle, which could take years, you have financial needs that still have to be met. You can use your pre-settlement legal funding for various expenses, including:

Medical expenses
Cost of living
Child care
Car repairs
Utilities
Replacing lost income

Essentially, you can use your lawsuit cash advances to cover any expenses you incur from the damages you’ve suffered or that you must pay while your lawsuit is ongoing. The only expense that may be off-limits is your payment to your lawyer. You should talk to your attorney to confirm your options for pre-settlement funding.

After speaking to your attorney, call the team at High Rise Financial to discuss the funding you need in order to survive while you await the class action ruling and future settlement.

The Timeframe for Your Class-Action Lawsuit Funding

The legal process involved in class action legal battles usually moves at a very slow pace. Most cases take a minimum of two years to settle. The courts need to recognize the lawsuit, the attorneys must gather evidence and file motions, and lawyers on both sides must argue and negotiate until a fair settlement is reached.

As a compassionate legal funding company, we understand that you may be facing hardship and you need financial assistance. Our non-recourse funding can get you the settlement funds you need as fast as possible. Our process is very fast and simple. There is no application fee, no monthly payments, or funding fee, and approval can happen within an hour. After that, you can receive your funds within one or two business days. You only have to repay us once your lawsuit resolves and you get compensation.

Consider applying for lawsuit settlement loans while you wait for the verdict of your mass tort action. If you are approved for the accident loans, you will not have to worry about being able to pay utility bills, put food on the table for your family, or pay for other expenses while you are out of work due to an injury. Call High Rise Financial today to discuss your litigation funding needs.

Complete a Free Application form now

Get Pre-Settlement Funding for a Class-Action Lawsuit ASAP

Do you have an ongoing mass tort lawsuit, and are you facing financial instability? Whether you’ve been affected by a faulty drug, a greedy company, or a discriminatory employer, you shouldn’t also have to deal with the financial hardship that comes while you wait for your class action settlement.

You can get legal funding for a class action lawsuit today with High Rise Financial. Contact us today to start your pre-settlement funding application. This can be your first step toward financial freedom. Remember, our legal funding isn’t a personal loan or bank loan. Hence, if you don’t get any compensation, we have no reason to collect your personal money or assets.

Call or text (877) 735-0016 or fill out our form to apply today for free.