If you have already received a pre-settlement loan from High Rise Financial or another legal funding company, you can indeed get a second or multiple pre-settlement loans. It all depends on your individual personal injury claim. Given the fact that personal injury cases can take months, if not years, to resolve, it’s pretty common for …
Does My Attorney Need to Approve My Request for Pre-Settlement Legal Funding?
Yes, your attorney needs to approve your request for pre-settlement legal funding. Personal injury cases can be very complicated, and the other side may have an entire team of lawyers working to give you the least amount of money possible. Representing yourself is not at all advised, and it’s always a good idea to have …
Do I Have to Make Monthly Payments While I Am Waiting for My Lawsuit to Settle?
One of the most common questions we get here at High Rise Financial is whether you have to make monthly payments while you’re waiting for your lawsuit to settle. And the answer is simple: NO. This is because legal funding is entirely different from your average loan or cash advance on a credit card. You …
Who Offers Pre-Settlement Funding?
If you are in the middle of a long, drawn-out personal injury claim, you might need money fast. Often, injured people lose income because they are unable to work due to injury. On top of that, you might have rising medical bills, insurance payments, and/or property repair costs in addition to your daily expenses. The …
What’s the Difference Between Non-Recourse Loans and Pre-Settlement Legal Funding?
There are a ton of options on the market for a borrower in need of extra cash. Some, like lawsuit loans or risky cash advances, are designed to help the lender rather than the borrower. However, non-recourse loans come with restrictions that make them safer for you. Pre-settlement legal funding is a form of non-recourse …
What Risks Are Involved in Pre-Settlement Legal Funding?
Since lawsuits sometimes last for months or years, injured claimants often turn to outside sources for financial assistance. After all, your rent payments, mortgages, and bills don’t wait for you to get the compensation you deserve. There are plenty of dangerous lenders out there and harmful options that you should try to avoid, like lawsuit …
Is It Easier to Get Legal Funding for Any Certain Type of Lawsuit?
Pre-settlement legal funding is designed to help personal injury claimants get the money they need to wait out the months or years until their lawsuit settles. If you have a valid lawsuit, you may wonder if there is a certain type of lawsuit or eligibility criteria to get your funding. The short answer is that …
How Is Pre-Settlement Legal Funding Determined?
When you are in the middle of a personal injury lawsuit, you might feel significant financial pressure. Lawsuits like yours can last months and, sometimes, even years before finally resolving. Meanwhile, your bills and personal expenses do not operate on the same timeline. Pre-settlement legal funding can help you meet these needs so that your …
How Do Legal Funders Evaluate My Case?
Pre-settlement legal funding from High Rise Financial is eventually paid back out of your settlement or jury award. That means our underwriters don’t need access to your personal financial information when making our evaluations. Instead, we look at the validity of your claim, the likelihood of you getting a settlement, and the likely amount that …
Do I Really Need Pre-Settlement Legal Funding?
Personal injury lawsuits can take months to settle, and sometimes even years. That timeline severely harms the injured person. This is because injuries often leave people unable to earn an income while hospital bills, medication fees, and necessary medical equipment bills rise. In fact, the opposing side in your case (along with their insurance company) …
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