After someone else causes your injury or illness, finances can become very hard. That’s especially true for class action lawsuits, which may take much longer than other legal action. You shouldn’t have to wait years to get the funds you need now.
Read more about how you can get legal funding for your class action lawsuit and what you can use that funding for. When you’re ready to turn a new page and get non-recourse help from a company that cares, you can start the transparent process of getting financial help today.
In This Article
What Is a Class Action Lawsuit?
Class action lawsuits are civil actions that groups of people bring forward. Rather than a number of individual victims suing the same party, it’s often easier and more cost-effective to designate one person or entity as the representative of the group.
Common reasons people join class action lawsuits include:
- Investment fraud
- Defective products
- Personal injury
- Fraudulent business practices or scams
- Violations by an employer
Class action lawsuits can appear in either state or federal court, and they often take a long time to resolve. Because of that, many plaintiffs find that they need the funds that they’re expecting before the case actually ends and they receive their compensation.
Similarly, lawyers who take on class action lawsuits also find that they are in need of funds before they receive their payment. Whether you have been affected by a wrongful action or you’re representing someone who has, you have options for staying afloat while your lawsuit is in the works.
To apply for free, call (877) 735-0016
You Can Borrow Money on a Class Action Lawsuit
Both attorneys and plaintiffs can borrow money on a class action lawsuit. There are some caveats for pre-settlement funding, however.
Similar to other personal injury lawsuits, you can borrow up to 20% of the expected settlement up front before your class action lawsuit settles. There is also a chance that you won’t be allowed to use your pre-trial funding to pay for your legal services, you can use it to fund almost anything else.
Pre-settlement funding is not a bank loan. We don’t look at your credit score, bank statements, or any of your other financial details. We also don’t require any 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, the funds that you borrowed and the fees and interest that you agreed to will come out of your settlement. 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 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 bills
- Cost of living
- Child care
- Car repairs
- Replacing lost income
Basically, any expenses that either stem from the wrongs that you’ve suffered or that you need to pay while your lawsuit pans out are fair game. 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.
The Timeframe for Your Class-Action Lawsuit Funding
Class action lawsuits can often move at a very slow pace. In fact, most cases take a minimum of two years to settle. The courts need to recognize the lawsuit, the attorneys need to gather evidence and file motions, and lawyers on both sides must argue and negotiate until a settlement is reached.
We understand that you may need funds much sooner than that. Our non-recourse funding can get cash in your hand as fast as possible. Our process is very fast—approval can happen within an hour. And after that, you can receive your funds within the day. You only have to repay us once your lawsuit resolves and you get compensation.
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Get Pre-Settlement Funding for a Class-Action Lawsuit ASAP
You’ve been through enough already. 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 case to settle.
You can get legal funding for a class action lawsuit today with High Rise Financial. Filling out a funding application can be your first step towards financial freedom. This isn’t a loan. So, if you don’t get any compensation, we have no recourse to collect your money.