To qualify for a non-recourse loan (legal funding) with High Rise Financial, you must meet a few basic requirements:
- You must have suffered injuries in an accident.
- You must have filed a personal injury claim or filed a lawsuit.
- You must be represented by a personal injury lawyer or law firm.
If you qualify and are ready to apply, just fill out the form on the Apply Now page to get started, or keep reading for more information.
In This Article
The Sorts of Personal Injury Clients We Work With
We work strictly with personal injury plaintiffs and clients who have filed a wrongful death suit. Some of the most common personal injury cases/lawsuits where we provide pre-settlement legal funding through a non-recourse loan involve injuries sustained because of:
- Traffic Accidents
- Pedestrian Accidents
- Bicyclist Accidents
- Slip and Fall Accidents
- Medical Malpractice
- Nursing Home Negligence
- Dog Bites/Attacks
- Workplace Injuries (Workers’ Compensation cases)
- Faulty or Defective Medical Devices
To apply for free, call (877) 735-0016
How the Application and Approval Processes Work
The application process is pretty simple, and it’s free. When you are ready to pursue a non-recourse loan with us, fill out the Apply Now form. We’ll ask you for some basic information, including:
- Your name and contact information
- The state you live in
- Your attorney’s name and contact information
We’ll get the details of your personal injury case from your lawyer, including:
- The severity of your injuries
- Your need for future medical care
- Lost wages (both now and in the future)
- Whether you’re seeking punitive damages
Your lawyer can also tell us what stage your case is at, the amount of damages you are seeking, and if you are negotiating a settlement or going to court.
Once we have consulted with your lawyer, we can give you a decision within 24 hours—sometimes as quickly as an hour. We approve legal funding in most personal injury claimant cases.
The Size of Your Non-Recourse Loan
Based on the information provided, our underwriters will look at similar personal injury settlements in your state. Different states have different personal injury laws— some states put a cap on how much you can receive in damages, while others allow for punitive damages.
The underwriters will then determine a dollar amount we can offer you in the form of a non-recourse loan. While we can’t provide a number until we review your case, we have provided as much as $250,000 in pre-settlement legal funding to clients with cases involving catastrophic injuries or wrongful death.
When you’re approved, we’ll present a written offer to you and your lawyer. You are under no obligation to accept it, but if you agree to the terms we can typically transfer the funds to your account within 24-48 hours.
Pre-Settlement Legal Funding Is Not a Standard Non-Recourse Loan
Pre-settlement legal funding with High Rise Financial is not a standard loan. The amount of money you may be able to receive is tied to your eventual settlement or jury award, rather than your debt-to-income ratio. As a result, we don’t require the same information from you that a bank would. We also offer different financial terms.
- NO credit check
- NO proof of employment
- NO providing us with tax documents
- NO interest
- NO monthly payments
How You Repay Us
You may be wondering, if you don’t make monthly payments, then how do you repay us? Since we base your non-recourse loan on your predicted settlement or jury award, you repay us when you win your case. At that time, your lawyer will receive a check from the other party for your compensation. Your lawyer then pays us directly out of those funds the one-time flat fee we deduct for our services. These dollar amounts are spelled out in the financial agreement you and your lawyer would sign.
They then deduct their own legal fees before transferring the rest of the money to your bank account.
If You Lose Your Case
In the event you take your case to trial and lose, we don’t get paid. We take that risk. Since this is a non-recourse loan with your settlement as collateral, we can’t pursue you financially. We have no legal recourse here—hence “non-recourse” loans.
Apply for a Non-Recourse Loan Today
Applying for a non-recourse loan with High Rise Financial is free and easy, and the approval process is fast. To get started, fill out the form on the Apply Now page. Once we have all of your information and consult with your attorney about your case, we can approve you for legal funding in the form of a non-recourse loan. In most cases, upon approval, we can have the money in your account within 24-48 hours.
Call us at (866) 407-6404 for assistance.