Personal injury lawsuits are not something most people regularly deal with in their day-to-day life. For example, when you become involved in litigation for a personal injury matter, you may be unsure of what to expect and how you will face the costs of your day-to-day living expenses and other damages during the lawsuit process. A litigation finance company’s role is to fill the void between an injury event and the time when there is a settlement or verdict in your case.
A litigation finance company provides you with funds when you need them most as you wait for a resolution in your case. You cannot indefinitely put on hold your daily living expenses, medical bills, and other damages while you work through your lawsuit. You may need money now to take care of yourself and your family, and we can help.
- A Company that Helps You, the Plaintiff, During Pending Litigation
- Types of Cases that Can Apply for Funding
- Does a Litigation Finance Company Provide You with a Loan?
- Will You Have to Pay Back the Loan if You do Not Win Your Case?
- Lawsuit Funding vs Other Financing Options
- How Much Money May You Be Eligible for through Lawsuit Funding?
- How Long does It Take to Get Access to Funds After Approval?
- Start Your Application Today with High Rise Financial
A Company that Helps You, the Plaintiff, During Pending Litigation
High Rise Financial understands the difficulties plaintiffs in a pending lawsuit face. As the bills and expenses pile up, you look for ways that you can meet your responsibilities that will not put you at financial risk in the future. We provide funding opportunities for plaintiffs in injury-related cases that need money quickly to meet their needs.
To apply for free, call (877) 735-0016
Types of Cases that Can Apply for Funding
Lawsuit funding is available in cases where a plaintiff is expected to recover compensation from defendants in a legal matter. At High Rise Financial, we help clients in a wide range of lawsuits get access to money while their lawyers work to find a solution in their cases.
The Types of Cases We Fund at High Rise Financial Include:
- Personal injury
- Motor vehicle accident
- Labor law-related injury
- Defective drug or medical device
- A wrongful arrest or police brutality
- Wrongful termination of employment
- Product liability
- Workplace injury
Does a Litigation Finance Company Provide You with a Loan?
A common misconception when plaintiffs are considering financial help during a pending legal matter is that what a litigation finance company provides is a loan. Often, people refer to lawsuit funding as a pre-settlement or lawsuit loan. However, this is a misleading term because the funds provided to plaintiffs are unlike a traditional type of loan that eventually you will need to pay back regardless of your case outcome.
Lawsuit loans, pre-settlement loans, and lawsuit cash advances all refer to lawsuit loan funding. In lawsuit loan funding, you are borrowing money from a potential successful settlement in your case. The litigation finance company will provide you with the money you need now, and you agree to pay the company back when your case resolves, and you receive an award of compensation.
Will You Have to Pay Back the Loan if You do Not Win Your Case?
Naturally, your next question will likely be what happens if you do not win your case and how you can repay the loan in the event you do not get compensation. The answer is you do not. If your case is unsuccessful and you do not receive any compensation in the case, you are not responsible for paying back the loan.
With High Rise Financial, you only pay back the loan from the proceeds of your case. If there is no verdict or settlement in your favor, then our litigation finance company cannot collect the money. So there is no financial risk to you.
You do not need to worry about making payments on this type of loan. However, when your case reaches a successful resolution, the money you received from us and the agreed-upon interest will be paid back immediately from the total compensation amount.
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Lawsuit Funding vs Other Financing Options
One of the biggest distinctions between lawsuit funding and other traditional lending options, such as personal loans and credit cards, is the risk you face. With a lawsuit loan, you do not need to worry about if you will have the money to pay it back in the future. The money you owe the litigation finance company will automatically come from the compensation in your case only if your case wins.
On the contrary, if you choose to take out a line of credit, or personal loan, or use credit cards to meet your financial needs as you wait for a resolution in your case, you will be responsible for paying that back, no matter what happens in your case. This can be a significant financial risk and leave you with significant debt in the future if your case is unsuccessful.
How Much Money May You Be Eligible for through Lawsuit Funding?
Lawsuit funding is an intricate process where the litigation finance company will consider several factors when deciding whether to approve the loan application and for how much. The value of your pending claim and the expected litigation costs will all come into play as the litigation finance company evaluates your case and how much money they will make available to you through funding.
How Long does It Take to Get Access to Funds After Approval?
While you may expect the lawsuit funding process to take a long time, that is not the case with High Rise Financial. We work diligently to review applications and documentation as quickly as possible.
In most cases, an applicant will receive a denial or approval 24-48 hours after completing the application. If you receive the news of approval for your application, the money could be in your bank in just a matter of hours.
Start Your Application Today with High Rise Financial
If you are awaiting the resolution of a lawsuit settlement for your case but need access to money now, visit our High Rise Financial website to begin an application for lawsuit funding. After you answer a few questions about your case, a team member will contact you and work with you to process and submit your lawsuit loan application as quickly as possible.