A non-recourse loan in the form of pre-settlement legal funding is a great option if you’ve exhausted your savings and still need help paying the bills while you wait for your personal injury case to resolve. And yes, if you win your case, you have to repay the loan.
As long as you are involved in a personal injury claim and you’re working with a lawyer, you are eligible to apply. But a non-recourse loan with High Rise Financial is not a typical loan. Since the legal funding you receive is tied to your prospective settlement or jury award rather than your credit score, you don’t have to undergo a credit check, show proof of employment, or provide us with tax documents.
All you need to do to apply is fill out a form with your name and contact information, and the name and contact information for your lawyer. We also need to know the state in which you live, as personal injury laws and legal funding laws differ from state to state.
We then receive information about your case directly from your attorney and determine how much legal funding we can offer you based on your specific situation.
Fill out the form on our Apply Now page to get started.
In This Article
Signing the Contract
If we approve you for legal funding and you agree to the terms, you then sign a legally binding contract. By signing this financial agreement, you agree to pay us back when you win your case. If you win your case, your lawyer is also legally responsible to pay us back out of your settlement or jury award. Your lawyer signs the financial agreement as well, indicating they agree to the terms.
When you win your case, the agreed-upon dollar amount does not go to you directly, at least not immediately. The other party will issue a check to your lawyer or do a transfer of funds. Your lawyer then pays High Rise Financial directly out of those funds. They deduct their legal fees and help you settle any debts you owe to other people or agencies, such as the IRS or a medical lien from a doctor who helped with your case.
No Interest or Hidden Fees
The good news is, you will always know exactly what you have to repay us. It’s right there in your financial agreement. When you win your case, you must repay the full pre-settlement legal funding amount, plus our one-time flat fee.
The amount will never change because we don’t charge interest. We don’t charge any application fees or additional service fees either. Our goal is to be completely transparent in our financial dealings with all of our clients.
To apply for free, call (877) 735-0016
You Don’t Repay a Non-Recourse Loan if You Lose Your Case
The best news for you is that by getting a non-recourse loan, you are protected even if you lose your case. With non-recourse legal funding, your eventual settlement is the collateral on the loan. If you lose your case, we can’t collect a penny. Neither does your personal injury lawyer if you’re working with one who works on the basis of contingent fees.
Contrast that with a typical recourse loan, such as a car loan. If you fail to make payments on the loan, the lender may send a debt collector after you, or repossess the car and sell it. Further, if the sale value is less than what you still owe on the loan, the lender can go after you in court. They will seek a judgment allowing them to garnish your wages or force you to sell other assets in order to pay them back.
Apply Now for Pre-Settlement Legal Funding
Getting a non-recourse loan in the form of pre-settlement legal funding is a free, no-risk proposition. High Rise Financial has worked with thousands of personal injury plaintiffs to provide them with the cash they need to meet their financial obligations.
We understand that money can be tight as you pursue your claim. We offer a solution with no upfront costs, no interest, and no monthly payments. And again, you only have to repay your non-recourse loan if you win your case.
If this sounds like something that could help you make ends meet, simply fill out the form on the Apply Now page. You can also call us at (866) 407-6404 with any questions you might have.