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Pre-settlement funding in Nevada is a financial option to consider if you were injured in an accident and are currently jobless or have already lost your source of income. Bank or credit union loans in such a challenging situation may seem impossible, making legal funding an option.
At High Rise Financial, applying for pre-settlement funding does not include an evaluation of your personal financial details. Hence, having a job or not will not be a problem. Learn how to obtain financial support while awaiting the outcome of a personal injury case or lawsuit.
How Does Pre-Settlement Funding Work in Nevada?
Pre-settlement funding is financial assistance you can apply for by having an ongoing injury lawsuit with evidence of the other party’s liability. Here is how this legal funding at High Rise Financial works:
- Pre-settlement funding is not a loan. Before worrying about whether you can receive pre-settlement funding without a job, understand that Nevada laws do not consider this financial support as a loan. While banks or credit unions require collateral and personal financial history, these legal funding services only provide financial assistance based on the details of your ongoing lawsuit.
- Pre-settlement funding is non-recourse. Employment status is not an eligibility requirement because repayment is based on the outcome of your case. As a pre-settlement funding company, we will consider your application if your case has a high potential to result in compensation. With non-recourse funding, you will only have to pay back the funds received if you win your case.
What Are the Chances of Getting Nevada Pre-Settlement Funding Without a Job?
When you apply for legal funding at High Rise Financial, having a job or not earning enough income is not required to be eligible for funding. Your chances of getting access to financial assistance will depend on these factors:
- If you have an ongoing lawsuit. Pre-settlement funding is cash support provided to plaintiffs with ongoing cases. We offer financial support based on the strength and potential value of your case.
- If you have a legal representation. You need to provide the details of your attorney. We need to reach out to your legal representative and confirm the details of your case and obtain supporting documents.
- If you have strong supporting documents. One of our eligibility criteria is whether your case has a strong likelihood of resulting in compensation. Supporting documents help demonstrate the strength of your case.
What Documents Are Required for a Nevada Pre-Settlement Funding Application?
The documents required for lawsuit funding depend on the funding company and the type of lawsuit involved. However, at High Rise Financial, because our pre-settlement funding is non-recourse, we request information that helps determine the strength and potential value of your case, such as:
- Accident or incident reports. Required documents usually include information about how the event occurred, such a car accident, workplace injury, fire accident, slip-and-fall, sexual abuse, and other personal injury cases in Nevada. These documents help establish the circumstances and confirm which party is liable.
- Medical records and treatment information. You may also be asked to submit medical records and ongoing treatment details so we can review the extent of your injuries and losses. The severity of damages can impact the potential value of your case in Nevada.
- The status of your lawsuit. An active personal injury case is an important factor considered during the review of funding applications. You may be asked to provide additional information on your lawsuit and share updates on your case.
Why Is Pre-Settlement Funding Safe Even Without a Job in Nevada?
Settlement funding while your case is still awaiting a court’s verdict is structured differently from traditional bank or credit union loans. If you are unemployed or unable to work because of injury, seeking support through legal funding does not create financial risk for you because of the following:
- Your credit rating is not affected. Pre-settlement funding is structured differently from bank loans. It is based the value of your case and not your borrowing history. It is not typically reported to credit bureaus, meaning it does not affect your credit score.
- Repayment comes from your settlement proceeds. Repayment for these legal funding services is non-recourse and comes only from your settlement proceeds. Personal assets or income are never used for repayment, so there is no risk of losing valuable property if you do not receive a settlement.
How to Apply for Our Pre-Settlement Funding in Nevada
Follow these steps to apply for pre-settlement funding at High Rise Financial if you have an ongoing case in Nevada:
- Explain your case information. Apply through our online form or give us a call to provide details about your lawsuit. You will have to explain how the accident happened, state your injuries or losses, mention the party responsible, and give an update on the status of the case.
- Provide supporting documentation. After explaining your situation through your pre-settlement application, you will likely be asked for documents supporting your case and your attorney’s information. These case-related documents that can help us evaluate the eligibility of your case and if approved, estimate the potential amount.
- Receive an update on our funding decision. Expect timely feedback on whether you qualify for funding. If approved, we’ll send you an offer to review the funding agreement documents to review and sign so you can receive the funds.
Contact High Rise Financial for Nevada Pre-Settlement Funding Today!
The requirements to secure litigation funding in Nevada are not based on your employment status. Moreover, submitting an application at High Rise Financial is also free of charge. We have a transparent fee structure to ensure you are always aware of potential repayment fees, with no hidden payments. Call us today or fill out our funding form to find out whether your case qualifies for pre-settlement funding.
