To get a non-recourse loan with High Rise Financial, you must be currently involved in a personal injury case and be represented by a lawyer. Those are the only two requirements to apply for pre-settlement legal funding. We work with people like you who have been seriously injured through the negligence of others and may be struggling financially while waiting for the claim to resolve.
This can include people injured or who have health problems as a result of:
- Motor Vehicle Accidents
- Medical Malpractice
- Nursing Home Negligence
- Product Liability
- Workplace Injury (Workers’ Compensation cases)
- Faulty or Defective Medical Devices
We also help people make ends meet who are involved in a wrongful death case wherein a loved one died as the result of someone’s negligence. If the deceased was the main breadwinner, or if you were the main breadwinner and now you’re out of work, the financial stress can be enormous. Getting a non-recourse loan in the form of pre-settlement legal funding may help relieve your stress and allow you to focus on your recovery and your legal case.
Fill out the form on the Apply Now page to get started, or call (866) 407-6404.
Keep reading for more information on how the process works.
In This Article
No-Risk Non-Recourse Loan Process
Applying for a non-recourse loan (legal funding) through High Rise Financial is free. What’s more, it’s a risk-free financial solution.
Applying for, receiving, and paying back your non-recourse loan from High Rise Financial has several critical differences from the traditional loan or cash advance process. Pre-settlement legal funding is essentially a non-recourse loan, but that is where the similarities with a traditional loan end. Non-recourse means exactly that: the lender (High Rise Financial here) has no legal recourse to go after your other assets, such as forcing you to sell your home, repossessing your car, or garnishing your wages if you can’t repay the loan.
Your pre-settlement non-recourse loan amount is based solely on your potential settlement or jury award. That’s the opposite of a traditional loan, which is based on your current debt-to-income ratio. Here’s what that means for you:
- NO credit check
- NO proof of employment
- NO tax returns
- NO bank statements
All the information we need pertains to you, your personal injury case specifics, and who your lawyer is. There are several other ways this funding differs from a traditional loan, including:
- NO monthly payments
- NO interest accrues
- NO paying us back if you lose your case
You don’t have to pay us back if you lose because of the non-recourse nature of our legal funding. The collateral on your loan is the predicted settlement. We take the risk that you might lose your case. As you can see, there truly is no risk to you.
To apply for free, call (877) 735-0016
The Amount of Your Non-Recourse Loan
How much money we can provide you in pre-settlement legal funding depends on the specifics of your case. We will discuss the details of your case with your personal injury lawyer. This will include the seriousness of your injuries, future medical bills, possible punitive damages, and more.
Our underwriters then take that information, look at settlements in cases similar to those in your state, and calculate the amount of money we can offer you in the form of a non-recourse loan. Based on that figure, we present you and your personal injury lawyer with a financial agreement. This agreement spells out the amount of legal funding and includes a one-time flat fee we charge for our services. You are under no obligation to sign it. But if you and your lawyer do sign, we can have the funds in your bank account within 24-48 hours.
We can’t promise you a precise amount of legal funding until after we review your personal injury case and consult with your lawyer. What we can tell you is that we have been able to provide pre-settlement loans to our clients for as much as $250,000.
How You Pay Us Back
With High Rise Financial there are no monthly payments, and a non-recourse loan is a no-interest loan. You pay us back when you receive your eventual settlement or jury award—actually, your lawyer does. That’s because the other party sends your lawyer the check directly. Your lawyer then pays us directly out of those funds. After they deduct their legal fees and any other payments owed to professionals in your case, the rest of the money is yours.
And remember — if you lose your case, you don’t pay us a dime.
Apply Now for Non-Recourse Legal Funding
The process for applying for a non-recourse loan is easy, and the kind of legal funding we offer is different from a traditional loan. If a non-recourse loan sounds right for you, and you’re represented by a personal injury lawyer, then go to the Apply Now page and fill out the form to start the funding process.
In most cases, and upon approval, we can deposit the funds into your account within 24-48 hours. If you have any questions, please call our office at (866) 407-6404.