At High Rise Financial, we make the process of getting pre-settlement legal funding transparent, easy, and fast. In most situations, if you’re approved for funding, we can cut you a pre-settlement check within 24 hours. It might take as long as 48 hours, depending on the specifics of your case.
The main requirement for you to apply is that you are involved in an active personal injury case and that you are represented by a lawyer. We do not fund clients unless they have legal representation. This protects you, and it protects us.
In This Article
The Application and Approval Process
To apply, simply fill out the form to the right. We just need some basic information from you to get started. We get the detailed information we need from your lawyer. When you apply, you are giving your lawyer permission to release information about your claim and your injuries due to the attorney-client privilege.
We need this detailed information to determine if we can approve you for legal funding, and if so, how much. We are able to approve most clients within an hour. If we deny your application, it’s usually because we don’t think you have a very strong legal claim. You are welcome to reapply if you and your lawyer can build a stronger case.
Rest assured, we keep your information in the strictest confidence. Our underwriters review your case specifics and use industry calculators to determine how much you might receive in a settlement. They also compare your case to similar cases in your state.
State laws regarding personal injury settlements or jury awards differ. A jury award in one state might be very high, while the same case would result in a lower award in another state due to caps on damages. Once they approve you and come up with a predicted settlement amount, they give us the green light to provide you with pre-settlement legal funding.
To apply for free, call (877) 735-0016
How and When You Get Your Pre-Settlement Check
Once you’re approved, we will make a written offer that lays out the terms of our agreement. These include the amount of legal funding you will receive, our one-time flat rate fee, and how you will repay us.
If you and your lawyer agree to the terms, you sign the documents. This can all be done via email with electronic signatures, or you can print, sign, and send the documents back. If you’re in the Los Angeles area, you and your lawyer can also come to our office to sign the paperwork.
Once we have your signed agreement, we can cut you a pre-settlement check, or transfer funds to your account within 24-48 hours.
The Money Is Yours to Spend
Once the check clears or the funds are transferred to your bank account, the money is yours to spend. Most of our clients apply for legal funding because they are having trouble paying the bills while waiting for their case to settle.
When you sustain serious injuries, it can mean you lose the ability to earn a living, if only temporarily. With no paycheck coming in, you need help making ends meet. This is especially true if, like most Americans, you were living paycheck to paycheck before your accident.
Pre-settlement legal funding can help you reduce your financial stress and allow your lawyer the time they need to negotiate the strongest settlement possible.
The Repayment Process
Pre-settlement funding is not a loan, so the repayment terms are different. We do not charge interest, and you do not need to make monthly payments. Instead, you pay us back in one lump sum when you settle your case or get a jury award.
Your lawyer will pay us out of the settlement funds, deduct their legal fees, and then pay anyone else who has a claim on your settlement. Finally, they will cut you a check or arrange to transfer the rest of the funds to your bank account.
If You Lose Your Case
We spell this out clearly in your agreement, but it’s worth repeating. If you lose your case, you do not have to pay us back – it really is that simple. We only provide pre-settlement funding to clients where we are confident you will win your case.
This holds regardless of where in the United States you apply for a lawsuit loan with us. Whether you take out a Portland pre-settlement loan or legal funding in the other states we service, you’ll be able to count on it being a risk-free option.
But things happen, and current events or a tough jury can result in you losing your case. In that event, we take the loss. Pre-settlement legal funding really is a no-risk financial option to help you make ends meet while you wait for your personal injury case to resolve.
Apply for Pre-Settlement Legal Funding Today
To apply for pre-settlement legal funding, just fill out the form to the right, and one of our team members will get in touch with you and your lawyer quickly. In many cases, we can approve you for funding within an hour or two. And if you’re approved, we can have your funds to you within 24-48 hours.
If you have any questions or need assistance, start an online chat, or call us at (866) 407-6404.