How Early in the Claim-Filing Process Can I Get Lawsuit Funding?

You can request lawsuit funding right after you file your legal claim. To get pre-settlement funding, you must notify your attorney, and they can initiate the process. With your lawyer’s assistance, you can quickly obtain lawsuit funding that gives you the money you can use while you move forward with your litigation. 

High Rise Financial makes it simple to request lawsuit funding as early as possible in the claim-filing process. For more information, please get in touch with us. Our team can guide you through the process of getting pre-settlement funding. 

What to Expect When You File a Legal Claim

You can file a legal claim in which you request compensation from someone who caused an accident, injury, or other harm. The claim is submitted to the court. From here, you and the defendant attempt to resolve the claim, or the court settles it through a trial. 

You can submit a legal claim for many different types of cases, including:

• A personal injury
• A car accident
• A workplace injury

At High Rise Financial, we can help you obtain lawsuit funding in cases dealing with any of the aforementioned issues and many others. To learn more, reach out to us. Our team can answer your pre-settlement funding questions and help you get a lawsuit loan that lines up with your expectations. 

To apply for free, call (877) 735-0016

Why You Need a Lawyer When You File a Legal Claim

Hiring a lawyer is a must if you want to submit a legal claim. You can hire an attorney who specializes in the area relating to your claim. At this point, your lawyer can represent you throughout your litigation and make sure your legal rights are protected. 

It pays to search for an attorney that instills confidence. You can meet with a lawyer to discuss your case and learn how they will approach it. If you find an attorney who is a good fit, you can hire this legal professional, and they can file your claim. 

Along with serving as your legal representative, a lawyer can act as a liaison between you and your lawsuit loan company. Your lawyer can provide your pre-settlement funding with updates regarding your case. If your case is successful, your attorney will make sure your lawsuit loan company is paid in full. 

How Long the Claim-Filing Process Takes to Complete

There is a statute of limitations that varies based on the state. This statute limits the time you have to file a lawsuit in which you request compensation. To understand how the statute of limitations works, consider an example. 

In California, there is a two-year period for most personal injury cases. This statute begins on the date you suffer your injury. If you do not start the claim-filing process within this period, you lose the right to request damages from anyone responsible for your injury. 

It is in your best interests to consult with an attorney as soon as you want to file a claim. Your lawyer can explain the claim-filing process in detail. They can also help you get lawsuit funding. 

How to Request a Lawsuit Loan at the Beginning of the Claim-Filing Process

When you file your claim, you can ask your attorney to submit a request for a lawsuit loan on your behalf. You will need to find a lawsuit loan company and learn about its pre-settlement funding options. Next, you can request pre-settlement funding and find out how much money you can get. 

A lawsuit loan company does not employ a one-size-fits-all approach to pre-settlement funding. Rather, the company learns about you and your case. It does not look at your financial history or credit score, either. 

If you qualify for a lawsuit loan, the pre-settlement funding gives you the terms, conditions, and interest rate. You can accept the loan and receive your money as soon as 24 hours after you get approved for pre-settlement funding. Then, you can use your pre-settlement funding for the duration of your lawsuit and pay it back if you win or settle your case. 

Complete a Free Application form now

When a Lawsuit Loan Needs to Be Repaid During the Claim-Filing Process

While a traditional loan from a bank or credit union requires payments at regular intervals, pre-settlement funding does not. You can get the money from your pre-settlement funding immediately but do not have to repay it until your case is resolved. Meanwhile, you are under no obligation to pay back your lawsuit loan unless your case is successful. 

A lawsuit loan company takes on all of the risk. If you lose your case, you are not responsible for your lawsuit loan amount. Conversely, your pre-settlement funding company takes responsibility for this amount, and you keep the money that was already provided to you. 

On the other hand, you pay back your pre-settlement funding if you win or settle your case. Your attorney handles the entire loan repayment process. They deduct the amount you owe for your loan and give you the remainder of your settlement. 

Why It Pays to Request Lawsuit Funding Early in the Claim-Filing Process

There is no telling how long it will take you to resolve your case. Months or years can pass before your case goes to trial. Although you and the defendant may negotiate during this time, there is no guarantee that you will get a settlement offer that meets your requirements. 

By requesting lawsuit funding early in the claim-filing process, you can avoid the financial pressure that often goes with lengthy litigation. You can secure money that helps you keep your debtors at bay while your case progresses. If you get a settlement, you then repay the money you owe to your lawsuit loan company. 

Of course, you may not have to pay back any of the money given to you with a lawsuit loan. If you lose your case, you are not responsible for your pre-settlement funding amount. Instead, your lawsuit loan company covers your balance, and you are in the clear. 

Do Not Wait Any Longer to Request Lawsuit Funding

High Rise Financial can help you navigate the pre-settlement funding process and get a lawsuit loan right after you submit your legal claim. Contact us today for more information. 

Call or text (877) 735-0016 or fill out our form to apply today for free.