Non-Recourse Loans FAQs

To choose the right lawsuit loan company, you should start by evaluating your reasons for seeking funding. Some of the reasons may include the following: Paying your bills Easing the burden on your family resulting from your injury Strengthening your claim by investing in expert witnesses Speeding up the settlement process by investing in your …

To qualify for personal injury medical lien funding with High Rise Financial, you simply need to have an active claim or lawsuit and have a lawyer representing you. If you were seriously injured in an accident, you probably have mounting medical bills from your treatment at the ER. You also most likely have continuing care …

If you filed a personal injury claim and it seems like the other side keeps delaying to get you to accept a lowball offer, hoping you will run out of funds, don’t do it. If you’re financially strained while waiting for your lawsuit to settle or go to trial, you’re looking for money fast. You …

Before we jump into when you have to start repairing non-recourse loans, we need to go into a bit of detail about what a non-recourse loan is, and how that fits in with pre-settlement legal funding. Non-Recourse Loans Defined Non-recourse loans are one of two types of loans, and they are by far safer for …

Unlike a traditional recourse or even non-recourse loan, pre-settlement legal funding from High Rise Financial is available at NO RISK to you, as long as you are in the middle of a personal injury lawsuit, and you have a lawyer representing you. Amazingly enough, you don’t have to pay us back if you lose your …

Standard non-recourse loans are available to help you pay for just about anything, from a house to a car, and everything in between. Non-recourse means if you default on the loan, the lender has no recourse other than to seize or repossess what you used as collateral to get the loan, such as your house. …

Before we answer the question of “is a non-recourse loan taxable?” it will be helpful to go over quickly what a non-recourse loan is. A non-recourse loan is a type of loan where you put up collateral to get a loan, and if you default on the loan, the lender can seize the collateral and …

A non-recourse loan is designed to protect you, the borrower. The way it works is that you put up collateral for the loan, such as your house. If you can’t make the payments and default on the loan, the lender can seize the collateral and resell it to recoup their losses. But if the value …

When you take out a standard non-recourse loan, you agree to pay it back in a certain amount of time, usually measured in years. You make monthly payments, including interest and principal, until you pay the loan back. While pre-settlement legal funding is essentially a non-recourse loan, how long you have to repay it depends …