If you have suffered an injury or other wrongdoing at the hands of another party, you may have a basis to file a lawsuit for compensation for your losses and damages. The main concern for aggrieved parties considering their legal options is how to file a lawsuit with no money. However, depending on the type of case you are dealing with, the upfront costs may be lower than you think.
Furthermore, if you are a claimant likely to reach a favorable settlement or verdict, you may have access to financing options that can help you through the difficult and sometimes lengthy lawsuit process. A litigation finance company could offer you, as a plaintiff in a pending legal matter, money to help you while your attorney prepares and represents you in your case.
In This Article
- Do You Need Money to Pay for a Lawyer?
- What Kind of Expenses Can You Expect During a Lawsuit?
- How Can High Rise Financial Help You?
- The Amount of Funding You May Be Eligible For
- Paying Back the Money You Receive in Lawsuit Funding
- What Happens with Lawsuit Funding if You do Not Win Your Case
- Get Started on a Lawsuit Funding Application Now with High Rise Financial
Do You Need Money to Pay for a Lawyer?
When an attorney accepts your case and agrees to represent you in a legal matter, they will discuss their fees and payment arrangements with you. Depending on the type of case you are facing, they may offer to represent you on a contingency basis. Contingency fee agreements are quite common in injury-related cases if a plaintiff has suffered physical or emotional harm.
Contingency means that your lawyer will agree to take on your case and represent you without requiring any payment upfront, allowing you to file a case with no money. Your lawyer will only receive payment for their services if and when you reach a positive resolution and some form of compensation in your case. Contingency fee arrangements allow plaintiffs who would not otherwise file a legal claim due to the substantial costs of representation to fight for the compensation they may be eligible for under the law.
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What Kind of Expenses Can You Expect During a Lawsuit?
Finding a lawyer to take your case on a contingency basis is relatively common, particularly if you have suffered a loss or injury. However, legal costs are not the only expenses and bills you might face during your ongoing lawsuit. For example, medical bills, loss of income, and daily living expenses can place a significant financial burden on you and your family during the negotiation or litigation of your case.
Most people do not have the funds to support themselves through the months or possibly years it can take for a case to reach a resolution. As a plaintiff, you need money to meet your living expenses, bills, familial obligations, and responsibilities while your case moves through the stages of a lawsuit. While you may consider using credit cards or asking for loans from friends, family, or traditional lenders, there is another option that carries less risk for you and can provide help right away.
How Can High Rise Financial Help You?
High Rise Financial is a litigation finance company that works closely with plaintiffs like you to provide access to the money you need while your lawsuit moves forward. Compared with traditional loans, lines of credit, and other financing options, funding backed by a pending lawsuit comes with fewer financial risks. Applying for a lawsuit loan begins with filling out our online application and speaking to a team member.
A High Rise Financial team member will talk with you about your case and work with your lawyer’s office to understand the potential compensation you are fighting for and the likelihood of your case resolving in your favor. With this information, we can help you complete your application for lawsuit funding.
The Amount of Funding You May Be Eligible For
After a completed application, you can expect an answer in a day or two about whether your loan is approved and, if so, for how much money. When reviewing a lawsuit loan application, we look at the value of your pending legal claim, the likelihood that your case will win, and the approximate costs of your legal representation. This information will help High Rise Financial consider whether an advance of settlement compensation is appropriate in your case and how much money we can provide for you.
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Paying Back the Money You Receive in Lawsuit Funding
You do not need to worry about how you will pay back your lawsuit loan if you are approved with High Rise Financial. If you receive a loan backed by the pending settlement in your case, you will repay the loan when you receive compensation in your case. The value of your loan plus the interest agreed upon at the acceptance of the loan will come out of the award in your case, whether it is a settlement or a verdict.
What Happens with Lawsuit Funding if You do Not Win Your Case
A natural concern when considering lawsuit funding is how you will pay back the loan amount and accrued interest if your case does not succeed. However, a unique benefit of lawsuit funding with High Rise Financial is that you will not be responsible for paying back your funds if you do not win your case. You will only pay back your funds when you win, and the money will come directly from your settlement or lawsuit compensation.
Get Started on a Lawsuit Funding Application Now with High Rise Financial
If you are wondering how to file a lawsuit with no money, we can help you through the application process for lawsuit funding at High Rise Financial. Contact us now to discuss any questions you may have and to get your application underway.