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When you’re in the middle of a legal battle, bills can pile up quickly. If you’re an injured plaintiff, you need to cover medical costs and everyday expenses, even when dealing with lost wages. Financial struggles can add another layer of stress to an already difficult situation. Fortunately, at High Rise Financial, our Nevada pre-settlement funding can provide you with the upfront cash you need to manage your bills before your case is settled.
Many plaintiffs interested in legal funding may hesitate to explore this financial option because they are unsure if the process requires attorney involvement. At High Rise Financial, having legal representation is one of our requirements when you apply for funding. Below, we’ll explore the role and importance of an attorney in our pre-settlement funding process in Nevada.
The Attorney’s Role in the Pre-Settlement Funding Process
Your lawyer plays a vital role in every step of the legal funding process. They provide support and guidance to you, while helping facilitate the submission of additional documents to us as the pre-settlement funding company, ensuring that the process is seamless. Some of their key responsibilities include:
Case evaluation
We will contact your attorney to verify your case details and request additional information so we can evaluate the strength of your case. Your lawyer provides information about:
- The status of your case
- The evidence supporting your lawsuit
- Your damages and potential settlement value
- Who the defendant is
By providing an accurate picture of your case, your attorney helps us determine whether your case qualifies for legal funding. If approved, we provide funds that suit your situation.
Plaintiff protection
Your attorney has your best interests at heart, and their involvement ensures that you’re protected. They’ll help you review your lawsuit funding offer to ensure that you’re getting favorable terms. They also help you with the repayment terms, so you know exactly what to expect.
Beyond securing legal funding, your attorney may be able to provide guidance on how funding can affect your case and settlement proceeds. A legal representative can help you make an informed decision before signing an agreement for pre-settlement funding.
Legal funding repayment process
Once your case concludes, your attorney receives the settlement and facilitates the repayment process. They’ll deduct the agreed-upon amount from the settlement funds before releasing the rest of the money to you. This ensures the repayment process is handled professionally, with no hassle on your part.
But if you lose your case, there’s no repayment needed because our funding is non-recourse.
What You Need to Know About Pre-Settlement Funding in Nevada
Our legal funding might seem a bit complex, but it’s simpler than you think. Here’s all you need to know:
- Repayment is only required if your case is successful. One of the most important aspects of our lawsuit funding in Nevada is that it is non-recourse. This means that repayment can only come from your settlement once your case is resolved. If you do not win, you’re not obligated to repay your funding.
- Eligibility criteria. In addition to having an attorney, there are a few conditions you need to meet to qualify for pre-settlement funding in Nevada.
- You must have an active lawsuit: Legal funding is a financial service designed for plaintiffs with pending cases. As such, you must have already filed your lawsuit to qualify.
- You must have a strong case: Pre-settlement funding is repaid only if your case is successful. As a result, funding providers often assess your lawsuit to determine the likelihood of success. They often consider liability, your damages, evidence, case stage, and the expected settlement amount.
- Age requirements: To secure legal funding, you must be 18 years or older.
- No credit and income checks. Our pre-settlement funding does not require credit checks or proof of income. This is one of the most notable differences between our legal funding and traditional bank loans.
Your financial and employment history do not matter when applying for lawsuit funding. This is because repayment is tied to case outcome, not your ability to pay. This makes our funding accessible to people from all backgrounds.
The application process
Applying for pre-settlement funding in Nevada is simple:
- Submit an application online or call us to speak to our team. We only require your contact information, basic case details, and your attorney’s contact information.
- We will reach out to you and your attorney to verify case details and request documentation. Our funding specialists review this information to determine whether your case qualifies and the appropriate funding amount.
- If you’re approved, we’ll send you and your lawyer a funding offer for your review and signature. Once you accept, we’ll send you the funds promptly.
- If your case is successful, your attorney will repay your legal funding from your settlement and rele release the remaining funds to you. You do not make monthly payments.
Legal Funding Can Be a Strategic Tool in Settlement Negotiations
The primary objective of our pre-settlement funding is to provide plaintiffs with the money they need to sustain themselves during litigation. A less obvious perk is that this funding can potentially influence case strategy and outcome.
Generally, defendants are often well-funded and able to sustain legal battles for longer. Because of this advantage, they might use it as leverage to encourage low settlement offers. They know that most plaintiffs cannot afford to wait and may feel pressured to settle for less just to keep the lights on.
Obtaining lawsuit funding in Nevada can help level the playing field, so you don’t have to accept an unfair offer out of desperation. With your financial burden eased, your attorney can also take more time to build a strong case and pursue the best possible compensation. Legal funding can help ease the financial burden on plaintiffs, which may support better case outcomes.
Need Pre-Settlement Funding in Nevada? High Rise Financial Can Help
Legal funding in Nevada can help ease financial stress, and your attorney is a key part of the process. From supporting case evaluation and helping review funding terms, your lawyer ensures that every step of the process is hassle-free.
At High Rise Financial, the involvement of lawyers allows us to ensure that lawsuit funding is tailored to your financial support while waiting for your settlement, contact us now to discuss Nevada pre-settlement funding.
