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Being wrongly convicted of a crime and sent to prison can be a terrifying experience. Such an unjust imprisonment can have devastating ramifications on every aspect of the person’s life. Apart from the emotional and physical toll of a wrongful conviction, the victim may also be subject to financial hardship. Fortunately, there are lawsuit loans available to help those who have ongoing wrongful conviction suit meet their financial needs and get their life back on track.
Furthermore, wrongful imprisonment lawsuit loans provide financial support during the legal process. It allows the individual to cover their living expenses, legal fees, and other costs. However, there are certain conditions that applicants must meet before they can be eligible for wrongful conviction legal funding. Read on to discover more about the eligibility requirements for such settlement funding:
You Must Have an Active Civil Lawsuit
The major criteria for a wrongful conviction lawsuit loan is having an ongoing wrongful conviction case. This may be a civil case – claim or lawsuit – against the public agency, police officer, persecutor, or other parties responsible for your false imprisonment. Simply claiming you were wrongfully convicted may not be enough to get you approved.
In addition, you need official court paperwork proving you have filed a wrongful imprisonment suit and your case is proceeding. The legal funding company will need the details about your case, the legal grounds you are claiming, and the amount of compensation you’re seeking. This will help them evaluate your chances of a favorable outcome.
To apply for free, call (877) 735-0016
Your Lawsuit Must Have Merit
Apart from having an ongoing civil lawsuit related to your wrongful conviction, your case must also have merits. The legal funding company will examine your case details to determine whether your case has legitimate merit to succeed and yield a settlement payout.
Their experts will review all documentation like criminal transcripts, evidence of prosecutorial misconduct, DNA analysis, and more. To qualify for a lawsuit loan, your case must have substantial evidence supporting your innocence. The more compelling your case, the better your chances of getting approved for the settlement funding.
You Served Time for the Conviction
Furthermore, you must have served at least some of your sentence for the wrongful conviction before you can be eligible for legal funding. This is because it is essential to demonstrate that you endured some form of hardship as a result of the unjust imprisonment before you were exonerated. If you were incarcerated due to a wrongful conviction and you served some time in prison, then you will meet this requirement.
You Cannot Be Currently Incarcerated
However, in order to qualify for lawsuit funding, you cannot currently be incarcerated or serving any portion of the prison sentence related to your wrongful conviction. You must be a freed, exonerated person to be eligible. This is because a defendant who is incarcerated may not be able to effectively participate in the litigation process.
Likewise, you may be unable to receive funds while imprisoned. The legal funding provider will work directly with you and your legal team throughout the entire lawsuit process. If you are still behind bars, even if temporarily, the company may decline your lawsuit funding application.
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You Must Be Represented by an Attorney
Additionally, lawsuit loan providers require that you have effective legal representation for your wrongful conviction case. It is also advisable that you work with an attorney who specializes in wrongful conviction cases. During your lawsuit funding application, you will need to provide your attorney’s contact information. The settlement loan provider will reach out to your lawyer to discuss the details of your case and understand their legal strategy. They want to know that your attorney has your best interests and is motivated to go the extra mile to pursue your case.
Your Attorneys Cannot Have Conflicts of Interest
However, wrongful conviction cases are extremely high-stakes, with significant potential payouts. The lawsuit funding provider wants to confirm zero conflicts of interest with the law firm representing you in your civil claim. For this reason, your lawyer or legal team must consent to the application before you can be approved for the settlement loan.
During your application, the provider will conduct a thorough risk assessment and due diligence around your legal team. If there are questionable motives, conflicts of interest, or divided loyalties that may compromise your case, the company may deny your settlement loan request.
You Must Qualify Based on Case Value
Another eligibility factor for a wrongful conviction lawsuit loan is simply having enough case value to warrant the funding amount you are requesting. The provider’s financial experts will analyze the strengths and merits of your case and your possible settlement amount. Using this, the company can offer you lawsuit loan amounts based on a percentage of your potential financial compensation. Hence, the greater your expected settlement amount, the higher your chances of getting approved for the lawsuit loan.
You Approval is Subject to Overall Company Risk Tolerance
Finally, there are several experts and team members who assess your eligibility for legal funding when you apply. In most cases, your application will be approved if it meets the company’s financing policies and risk tolerance. Even if you meet all other eligibility criteria on paper, the provider may still deny your application if your case details and merits present unacceptably high chances of non-payment.
Conclusion
Wrongful conviction lawsuit loans provide a lifeline for those who have suffered unjust imprisonment. However, meeting the eligibility criteria is crucial to access the financial support you need to fight for justice and reclaim your life. Having an active lawsuit, effective legal representation, reasonable chances of a favorable outcome, and sufficient case values are all key qualifications. Your attorney can enlighten you about your options and help you navigate the eligibility and application process seamlessly.
Do You Need Wrongful Conviction Lawsuit Loans? Call Us Today!
If you are facing financial instability and need help before your wrongful conviction case settles, you may apply for a risk-free lawsuit loan. Contact us today at High Rise Financial to schedule a simple consultation. Our trusted team will examine your case details, enlighten you about your settlement loan options, and determine your eligibility.
Call or text (877) 735-0016 or fill out our form to apply today for free.