One of the growing industries in the legal world is lawsuit lending. The need this practice addresses is real: getting injured people the money they need to meet daily expenses and pay off bills while their lawsuit takes months or years to resolve. However, unethical lending practices from predatory lenders have led organizations like the Center for Public Integrity to sound a warning about “selling your lawsuit.”
At High Rise Financial, we provide a non-risk, transparent alternative to these riskier options. When you get pre-settlement legal funding from us, you’re not getting a lawsuit loan. What’s the difference? For starters, you aren’t locked into a monthly repayment plan. Instead, we are repaid directly from your eventual settlement without you having to even lift a finger.
If you have been waiting for ages for your lawsuit to conclude and are worried about monetary concerns, apply online for FREE to get pre-settlement legal funding from High Rise Financial.
In This Article
How Pre-Settlement Legal Funding Is No-Risk
Unlike lawsuit loans or cash advances, pre-settlement legal funding from High Rise Financial is classified by the Internal Revenue Service as non-recourse. The difference between recourse and non-recourse debt is significant. Non-recourse debt like pre-settlement legal funding favors you, the borrower, whereas recourse debt favors the lender. That’s because recourse debt allows the lender to seize the collateral that secures the debt as well as more of your personal wealth if the collateral does not cover what is owed.
Let’s translate that into your situation. Since pre-settlement legal funding is non-recourse, the payment or collateral that secures it (a portion of your eventual settlement or jury award) is all that High Rise Financial can be paid. We cannot hold you personally liable for the debt, so we don’t dip into your personal finances.
Plus, this means you do not owe High Rise Financial any repayment if you lose your case! When selling your lawsuit to lawsuit lenders, you might lose your lawsuit only to learn that you still have to repay the lender at compound interest. Not so with High Rise Financial.
To apply for free, call (877) 735-0016
How to Get Pre-Settlement Funding Instead of Selling Your Lawsuit
The FREE online application process at High Rise Financial is straightforward and requires as little effort on your part as possible. Our process includes:
- NO tax records requested
- NO bank statements
- NO employment verification
- NO credit checks
The state of your personal bank account is irrelevant since we are repaid not through your bank but through your compensation package. When you’re ready to apply, make sure to include the following information. Learn more about pre-settlement loans here.
The Extent of Your Injuries
Not all injuries are equal, so not all injuries will result in the same compensation. For example, a temporarily broken arm, while painful, will garner a smaller recovery amount than paralysis. In addition to the pain of the injury and recovery process, your compensation is also based on the amount of care you will need in the future, your ability to earn an income in the future, and other factors that change based on the seriousness of your injury.
Your attorney may have already calculated the compensation they expect you to receive. Include this information in your application so that our underwriters can evaluate your application as quickly as possible. Along with your injuries, compensation can also be based on:
- Previous awards given in similar cases
- Your particular pain and suffering, such as mental health impacts
- The cost of repairing or replacing any damaged property from your accident
- Punitive damages designed to punish the at-fault party
Finally, make sure to include accurate contact information both for you and for the law firm or attorney that represents you. In order to qualify for pre-settlement legal funding, High Rise Financial requires that you be represented by a legal professional. Not only does that add validity to your claim, but it increases the likelihood of you winning your claim and earning a much higher compensation package that you likely would on your own. It’s just a good idea all around.
Selling Your Lawsuit, Not Your Life
Don’t be persuaded by shady lawsuit loan companies trying to convince you to sell your lawsuit. In reality, you may be drawn into a harmful lending relationship that ends with you paying two to three times what you borrowed regardless of whether or not you get the compensation you deserve.
High Rise Financial is in the business of helping injured people, not hindering them. If you feel that you need additional funds while your case goes through the negotiation or trial process, fill out the form on our Apply Now page today. Our team is standing by to get you your money in as little as 24 hours.
For assistance, call us anytime at (877) 823-4377.