No matter how solid your case seems, injury lawsuits are unpredictable, and there is always the chance you could lose your case. Unfortunately, this also means you wouldn’t receive compensation from the negligent party.
However, if you were approved for pre-settlement funding (also sometimes referred to as a cash advance), you don’t have to pay back your money whether your lawsuit is unsuccessful, or compensation is less than you expected.
Experience the advantages of pre-settlement funding while your lawsuit is litigated, without the worry of being saddled with payments if you lose. At High Rise Financial, we are dedicated to helping injured people obtain financial relief when they need it most.
In This Article
Why You Don’t Have to Pay Us Back After Losing Your Lawsuit
When you apply for pre-settlement funding from a reputable source, you don’t have to worry about traps or hidden fees. If you lose your case after receiving money from us, you will never have to pay us back.
That’s because we provide non-recourse funds. This means that legally cannot hold you liable for any money you receive from us. Our repayment comes from your jury award or settlement; therefore, we don’t get paid if there isn’t one.
To apply for free, call (877) 735-0016
Know What to Look for in a Pre-Settlement Company
Many companies offer pre-settlement funding; however, you must know what you’re signing before agreeing to a pre-settlement contract. Look for a company like ours that offers zero upfront fees, no collateral or credit checks, and no risk.
The risk is all on us because you don’t have to pay back your money if you lose your case. That way, you can focus on fighting your case and healing from your injuries or the loss of a family member or loved one.
Beware of any lawsuit loan company or cash advance firm charging you to apply for funding. This is especially true if you seek a lower pre-settlement amount and the application fee is a large percentage.
Also, if your claim takes a long time to settle, avoid compound interest which can add up quickly. Instead, steer clear of these issues by talking to your personal injury lawyer. They can look over your cash advance contract to ensure you’re signing up with a reputable company.
Why You May Need a Lawsuit Cash Advance
Personal injury lawsuits typically involve large settlements to pay for partial or permanent disability, medical expenses, and pain and suffering. However, negotiating and litigating a personal injury claim can take months or years.
Therefore, many lawsuit plaintiffs apply to receive money in advance of their settlement to cover day-to-day bills while they wait for a verdict or settlement.
Pre-Settlement Funding Helps You Cover Expenses
Hearing your case in court is usually the final step in your personal injury lawsuit claim. Your attorney will attempt to negotiate a settlement before taking it to court.
Unfortunately, the insurance companies and other parties involved in the defense will typically push to pay you as little as possible. Then they will utilize stall tactics to drag out the negotiations, hoping you will settle with them and take a lowball offer.
Pre-settlement funding can get you the money you need, giving you the resources to pay for necessary expenses like:
- Loss of wages
- Medical bills
Obtaining pre-settlement financing means you will have up to $1 million to tackle those problems as they arise.
What Happens If I Win My Claim?
If your lawsuit is successful, you don’t have to worry about repaying your pre-settlement funding. Instead, we work with your legal team to get the amount owed to us. Here is a look at what happens after your successful lawsuit claim:
- Your settlement or verdict award from the at-fault part is sent to your attorney.
- Your legal team cuts us a check for our agreed-upon share of the compensation plus fees and interest. This amount covers the financing amount you were funded.
- Once your attorney fees are removed, you keep the remainder of your compensation package.
Complete a Free Application form now
Apply for Pre-Settlement Funding Today
Applying for pre-settlement funding is easy. First, fill out the online form and tell us details about your case, including injuries sustained, add relevant documents, and give us your and your attorney’s contact information.
We will contact you for more information, and if approved, you will receive money in your account within a business day.
Because your repayment does not come from your finances, you won’t have to provide us with proof of employment, bank statements, tax records, or a credit check. Contact us today to get started!