If you were seriously injured because of someone’s negligence, chances are good that you’ve filed a personal injury case and hired a personal injury lawyer. You may be doing everything right, but yet it still seems like your case is taking forever to settle or go to trial. Now, you’re worried about how you’re going to pay your bills…
You may be interested to learn that you have the option to apply for pre-settlement legal funding in the meantime. If you’re wondering how quickly you can receive your pre-settlement loan, the good news is that when you work with High Rise Financial, you can have your funds in as little as 24-48 hours, subject to approval.
In This Article
How the Application Process Works
A pre-settlement loan is not a typical loan. The application process is different. For one thing, it’s faster because pre-settlement legal funding is not tied to your debt-to-income ratio. Instead, how much money we can loan you depends solely on the strength of your personal injury case and your predicted settlement.
- NO credit check
- NO proof of employment needed
- NO credit references
To be eligible to apply, all we need is for you to be currently involved in a personal injury case and represented by a lawyer. The only information you need to provide us on the application is your name and contact information, the state you live in, and your lawyer’s name and contact information.
We then contact your lawyer directly to learn the details of your case and the expected settlement, or the range of possible jury awards if your case goes to trial.
Based on that information, our underwriters then run the numbers to see how much money we can provide you with as a pre-settlement loan. We then make a written offer to you and your lawyer. If you agree, you can sign the legal funding documents and we take care of the rest. Once this is complete, we can normally transfer the funds to your bank account within 24-48 hours.
In most cases, the whole process—from the time you fill out the form to the time you receive the funds in your account—takes only a few days.
Interested? Fill out the form on our Apply Now page to get started.
To apply for free, call (877) 735-0016
How Much Money You Will Receive
Every personal injury case is unique. We can’t tell you how much money you will receive until we know the specifics of your case. What we can do is tell you how we determine the amount of your pre-settlement loan. We consider such things as:
The Validity of Your Claim
In legal terms, a valid claim means one that can be solved through legal action. It also means your claim is not frivolous or fraudulent. Most of our clients have already been able to prove they have a valid personal injury claim by the time they meet with us because they have a personal injury lawyer by their side.
The extent of your injuries and the financial damages you have suffered affect how much funding we can offer you. A good rule of thumb is, the more severe your injuries and damages, the more we can offer you.
The Chance You Will Win Your Case
We evaluate your chance of winning your case by comparing your case to similar cases in your state. We look at who the insurance company is and their record of settling claims similar to yours. We also look at the laws in your state regarding personal injury cases. If your case is going to trial, we also look at the typical jury awards in your state. And, of course, we look at your lawyer’s track record for an idea of how your case will go.
Your Potential Settlement or Jury Award
If the other party has already agreed to a settlement, that makes it easier for us to determine a loan amount. Otherwise, we can look at similar cases, who the judge might be in your case, and any other factors your case may share with similar cases in your state.
We do our homework, and our underwriters crunch the numbers. If your state allows for punitive damages, that can affect our loan offer, depending on the circumstances in your case.
Once we review all the information in your case, we will present a written offer to you and your lawyer. If you agree to the terms, you can sign, and we will arrange for funds to be transferred to your bank account. Most clients receive their funds within just a day or two.
How to Pay Us Back
When it comes to qualifying and applying for a pre-settlement loan, there’s a big difference between this process and the process involved in applying for a standard loan. The same holds true for how to pay us back. When your case settles or you receive a jury award, your lawyer will then receive a check. They will pay us directly out of those funds then deduct their legal fees. The remaining amount then goes to you.
You don’t have to make monthly payments. And if you happen to lose your case, you don’t have to pay us back. We assume that risk when we take on your case—and that’s okay!
Apply Now for a Pre-Settlement Loan
If a pre-settlement loan sounds like the type of financial help you could use right now, simply fill out the form on our Apply Now page to get started. You can also call us at (866) 407-6404 with any questions you may have. We work with clients just like you from all across the country, so don’t delay—call us today!