If you were seriously injured in a car accident and suffered injuries or ill health due to the negligence of others, you may have hired a lawyer to file a personal injury lawsuit. Sometimes, though, it can feel as if the case is taking forever to come to a proper conclusion.
If this is true for you, then money may be getting tight, especially if you are unable to work because of your injuries. The good news is that if you are in the middle of a personal injury case and are working with a lawyer, you CAN borrow against your settlement.
High Rise Financial helps people like you every day with pre-settlement legal funding. If this sounds like something that could help you make ends meet, fill out the form on our Apply Now page. You can also call us at (866) 407-6404 with questions.
In This Article
How Pre-Settlement Legal Funding Works
At High Rise Financial, we do things a little differently than other loan companies or traditional banks. With pre-settlement legal funding, you are essentially borrowing against your eventual settlement. The amount you are able to borrow has nothing to do with your debt-to-income ratio. Instead, it has everything to do with your expected settlement or jury award.
- NO credit check
- NO proof of employment
- NO providing tax documents
When you apply for legal funding, we analyze your case, and our underwriters determine what your settlement is likely to be. We then use that number to figure out how much money we can offer you. In some cases, we can provide as much as $250,000 in legal funding.
Once we come to a number we will present you with a written offer, which you and your attorney must sign before we can proceed. Your financial agreement will spell out how much funding you will receive, what our service fee is, and the total amount that you will need to pay back.
Since pre-settlement legal funding is different from a typical loan, the terms of your agreement are different as well. This means:
- NO monthly payments
- NO compound interest
- NO paying us back if you lose your case
When you borrow against your settlement, you agree to pay us back the amount you borrowed, plus a one-time fee. This ensures that you know exactly how much you will have to eventually pay us back. With us, there is no need to worry about high interest rates that could raise your loan amount two to three times what you borrowed, which can happen with other lenders.
To apply for free, call (877) 735-0016
How You Pay Us Back
You pay us back in full when your case settles or you receive a jury award. Your lawyer will receive a check from the other party, then they pay High Rise Financial directly out of those funds. Your lawyer subtracts their legal fees, then you receive the remainder of the funds.
In the unlikely event that you lose your case, you don’t have to pay us a penny. That’s because legal funding is a type of non-recourse loan. We take the risk of loaning you the money, knowing we cannot go after you in court if you lose your case and can’t pay us back—and that’s okay!
We cannot force you to liquidate any assets to pay us back. We also cannot garnish your wages. Pre-settlement legal funding truly is risk-free.
Apply for Pre-Settlement Legal Funding Today
If you’re having trouble making ends meet while you wait for your personal injury case to come to a resolution, you can borrow against that settlement. All you need to do is apply for pre-settlement legal funding with High Rise Financial. To get started, fill out the Apply Now form. You can also call us at (866) 407-6404 if you need help or have questions.
High Rise Financial will process your application as soon as we have all your information and we have consulted with your personal injury lawyer. The application process is quick and usually only takes a couple of days. Once we approve your application, we can usually have the funds in your account within 1-2 days. Once you receive the funds, you can use them as you wish. Our clients have used their legal funding to pay their medical bills, mortgage, and other monthly bills, to give you some ideas.
Legal funding can help you stop worrying about bills and instead lets you focus on working with your attorney to get the best settlement possible.