What Are the Eligibility Criteria for Legal Funding?

If you’re involved in a personal injury lawsuit or another civil claim, you may be dealing with high medical bills, missed work, and daily living costs. It can be frustrating and exhausting trying to stay financially stable while waiting for your case to settle. Thankfully, you may be able to get the immediate funds you need to pay bills and achieve financial relief by applying for legal funding.

Furthermore, legal funding can be a lifeline for many claimants facing financial instability. The pre-settlement loans give personal injury, accident victims, and other plaintiffs early access to cash, based on their expected settlement. It’s not a regular loan. There are no credit checks, no income requirements, and you don’t have to make monthly payments. You only repay the money if your case is successful.

However, not every case or claimant qualifies for lawsuit loans. Let’s walk through what it takes to be eligible and whether lawsuit funding might be the right solution for you.

What Types of Cases Are Eligible for Lawsuit Funding?

Most legal funding providers focus on personal injury, motor vehicle accidents, and other civil cases that are likely to result in financial compensation. Essentially, these are claims where you’re seeking payment for injuries, damages, and losses caused by someone else. Some of the cases that we fund at High Rise Financial include:

Aside from the personal injury and civil cases listed above, there are still some other lawsuits and legal matters that we fund. Therefore, if you have suffered an injury and have an active legal issue that we didn’t mention above, you may still be eligible for lawsuit funding. In addition, you must meet some other requirements, which we’ll explain next.

Who Qualifies for Pre-Settlement Funding?

Lawsuit funding is based on your case, and not on your credit or employment history. Nonetheless, there are a few basic eligibility rules every applicant must meet. These include:

Have a Valid and Ongoing Civil Claim

Legal funding is only available to people with active lawsuits. That means your claim must already be filed with the court or in the process of being filed. You can’t get pre-settlement funding for a case you’re just thinking about or hoping to start in the future. Also, your case should involve clear damages and a path to financial recovery. The stronger your legal claim, the more likely you are to be approved.

Be Seeking Financial Compensation

What’s more, pre-settlement funding is meant to help people who expect to receive money from a settlement or court judgment. If your case does not involve compensation or you’re not seeking damages, you likely won’t qualify. For example, funding is not available in divorce cases, custody disputes, or criminal matters. It’s specifically meant for personal injury and civil claims where financial recovery is part of the goal.

Plaintiff Representation by an Attorney

To apply for legal funding, you must have a licensed attorney representing you. This is important because funding companies work directly with lawyers to review case details and determine risk. Your attorney also helps protect your rights throughout the process. They review funding agreements with you, answer questions, and confirm the strength of your case.

Live in a State We Service

Lawsuit funding is available in most states, but not all. Laws vary, and some states place restrictions on pre-settlement advances. To qualify, you must live—or have filed your case—in a location where legal funding is permitted. If you’re unsure whether your state allows it, you can contact High Rise Financial for a free eligibility check. You can check out some of the states we serve here.

Have an Eligible Case Type

As mentioned earlier, personal injury cases are most common. But at High Rise Financial, we also accept civil rights cases, employment disputes, commercial litigation, and certain class actions. The key is whether your case is likely to result in compensation and whether it involves clear liability. If you’re not sure if your case qualifies, your attorney can help evaluate it, or you can reach out to our dedicated funding team directly.

Be an Adult or At Least 18 Years Old

Also, legal funding agreements are binding financial documents. That means applicants must be of legal age to enter into contracts. If you’re under 18, the company will not be able to approve your application. In some cases involving minors, a parent or legal guardian may work with the attorney and lawsuit funding company to explore other options.

What Do We Consider to Approve Your Lawsuit Funding Application?

Here are some of the factors that we consider when reviewing your application to determine if you qualify for funding and how much you can get:

The severity of your injuries or damages.
The strengths or merits of your lawsuit.
The likelihood of winning your case
The expected payout from a settlement or a trial
How long the case may take to resolve.

These factors help determine how much funding you may be eligible to receive. Every case is different, and funding amounts vary based on risk and case value.

What Doesn’t Affect Your Eligibility For Lawsuit Loans?

Unlike regular loans or credit lines, legal funding is not based on your personal finances. Here are some things that do not affect your ability to qualify:

Credit score
Job history
Income level
Past bankruptcy
Current debt
Employment status
Citizenship status
Rental history

There are no credit checks, no background screenings, and no monthly payments required. You don’t need to prove income or explain financial hardship. If your case doesn’t win, you won’t owe anything. The process is designed to be simple, safe, and stress-free.

Call High Rise Financial to Determine Your Eligibility and Apply for Legal Funding Today!

If you’re waiting on a personal injury settlement and struggling to cover expenses, High Rise Financial is ready to help. Contact us today to schedule a no-obligation consultation. We offer risk-free financial support for plaintiffs with strong legal claims and experienced attorneys. Our legal funding provides fast cash without credit checks or monthly payments. Call us today at (866) 407-6404 or apply online for a free eligibility check.