Pre-settlement legal funding is a way for injured people to get the money they need to pay the bills while their claims settle through negotiations or a court decision. If you have a personal injury case, you might end up waiting for months or years before getting the compensation you deserve from the at-fault party. High Rise Financial can help by providing you funds now, but there are a few requirements you must meet in order to be eligible.
Applying for pre-settlement legal funding is FREE, so fill out the form on our contact page if you believe you qualify. In the past, our underwriters have been able to approve up to $250,000 in as little as 24 hours, provided that the facts of your case merit such funding.
In This Article
Requirements for Eligibility
Before applying for your funds, check the requirements listed below to see if you are eligible. These requirements include case types, law firms, and the validity of your case.
You Must Live in a State We Service
Some states are more amenable to legal funding than others, primarily due to the nature of their liability laws. As a result, it’s easier for High Rise Financial to offer lawsuit loans in Long Beach or Grand Rapid lawsuit loans for example, than in some other localities. Make sure your state allows legal funding before exploring it as an option for your case.
You Must Have a Valid Lawsuit
The most obvious criterion for determining eligibility is that you must have a viable personal injury lawsuit in progress. Your lawsuit must be filed in court, which is typically the first step your attorney will take. However, most personal injury claims are settled before ever seeing the inside of a courtroom. You do not have to be mid-trial to get funding, but only people pursuing compensation in a lawsuit are eligible for pre-settlement legal funding.
You Must Have an Attorney
In order to get funding from High Rise Financial, your case must be represented by an attorney or law firm. We work directly with lawyers when structuring the repayment agreements, so our underwriters will not approve any application that does not include the contact information of the law firm or attorney representing you. Plus, getting a lawyer is simply a good idea. On the whole, you stand a much better chance of getting the compensation you need and deserve if you have an experienced lawyer on your side.
You Must Have an Eligible Case Type
High Rise Financial provides pre-settlement legal funding for many cases, but that does not mean we can assist with every claim. Eligible cases can be found on our website, and if your case is not listed but falls within the personal injury law category, you probably still qualify.
One significant factor that determines your ability to obtain legal funding is the state in which you reside. You may have an easier time obtaining a lawsuit loan in Richmond, for instance, than in a state that isn’t as friendly to legal funding. Check with your attorney and contact our office if you have any questions about your specific case. Eligible cases include:
- Slip and Fall accidents
- Car wrecks
- Pedestrian injuries
- Medical malpractice cases
- Nursing home negligence
- Dangerous product claims
- Dog bite injuries
- Faulty medical equipment (i.e., transvaginal mesh, hip implants, etc.)
To apply for free, call (877) 735-0016
How Our Underwriters Make Their Decisions
If you are eligible, your application will be considered by our underwriters. These are experts in the field who work quickly to get you the money you need. Importantly, since High Rise Financial is paid directly out of the eventual settlement or jury award you receive, we only require data about your case. That means you don’t have to undergo a credit check, provide proof of employment, or divulge deeply personal information about your family’s finances. What you should include in your application is information like the following.
- The extent of your injuries
- Any bills associated with your injury (hospital stay, medical equipment, etc.)
- Your expected compensation amount once your case resolves
- The value of any property damaged in your accident
Your ability to receive legal funding may also be impacted by your location. Some states, like California, are more amenable to legal funding, making it easier for lawsuit loan providers to offer non-recourse pre-settlement loans in Glendale than in other states.
How Repayment Works
Once you are approved, you can expect the funds you request to be deposited into your account in as little as 24 hours. Some potential borrowers may feel worried about repaying these funds, having been burned in the past by shady lenders. However, the repayment process for High Rise Financial is simple and comes with no risk to you.
Once your attorney gets the compensation check from the opposing party in your case, they will write a check to High Rise Financial for the agreed-upon repayment amount. Then, they will subtract their attorney’s fees, and you will keep the rest. Remember: when you have an attorney and allow them the time they need to negotiate successfully, your compensation package is often much higher than it otherwise would be.
If Your Case Does Not Succeed
Sometimes, lawsuits do not go the way we plan. The courtroom is nothing if not volatile, and there are no guarantees. However, here is one guarantee that can ease your worries: if you lose your lawsuit and get no compensation, you do not owe anything to High Rise Financial. Since pre-settlement legal funding is not a loan, we can offer the funds to you at no risk. Get your money, let your lawyer work out an agreeable deal, and don’t worry about being stuck on the hook for repayments if things don’t work out.
Eligible? Apply Today
If you meet the above criteria, you may be eligible for pre-settlement funding from High Rise Financial. Fill out the form on our Apply Now page, and our underwriters will process your request as quickly as possible. If you have any questions or concerns, get more information by calling our offices at (877) 823-4377.