Lowest Rate Presettlement Funding in Florida
Florida is a no-fault state, which means that every driver’s car insurance pays for the injuries and damages from a traffic accident regardless of whose fault it was. Additionally, you cannot file a personal injury lawsuit against the at-fault party.
However, there are exceptions to this law. You could file a personal injury lawsuit if the accident caused severe injuries. If you’re a victim of such, then it’s your lawful right to file a claim and put up a good legal fight. The reality is that not all are capable of undergoing a lengthy and complex legal battle.
Some victims don’t have the money to pay for the legal fees, among other things. Hence, the lawsuit loans. Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today at (866) 407-6404 to get settlement funding in Gainesville, Florida.
How Does Settlement Funding Work?
With pre settlement loans, customers are relieved from the mounting bills. The settlement loan process is fast but not easy. The lawsuit funding firms take risks. Therefore, they want to ensure they won’t suffer losses.
Legal funding firms evaluate cases carefully. They weigh the chances of winning, the strength of your claim, gauge the time frame of the case to settle, and determine the possible court award. If your case guarantees them a win, they’ll approve your lawsuit loan.
The total amount of settlement loans depends on the future compensation, plus the interest rate and legal fees. Once you receive the pre settlement loan, you can use it without any restrictions.
Choose The Best Lawsuit Loan Provider
A settlement loan is a newer financial option available for victims. Therefore, the industry is still unregulated. You must research and shop around for legal funding providers. Finding the right company could save you more money in the future. Here’s a guide when searching for a presettlement funding company.
Ask Your Attorney
Your attorney is experienced and may have worked with legal funding firms in the past. Your legal counsel’s knowledge and input help you make the right decision.
Contact the American Legal Finance Association
The American Legal Finance Association looks over legal companies across the country. Consult with them for the best practices about lawsuit loans, false advertising, requirements, and others.
Ask about the Fees and Interest Rate
Ideally, settlement loan providers shouldn’t ask for application fees. Choose a firm with a 1% to 3% monthly interest or an annual interest of not more than 40%. If the lawsuit funding firm charges for the application, take that company from your list. Aside from that, some companies charge compounded interest.
Manage your Expectations
Ask your attorney about the legal process before signing any settlement loans contract. Manage your expectations for the pre settlement funding amount you’ll receive. Lawsuit loans companies typically provide at least 10% of the estimated future compensation.
Do not expect to get more than that. While you can apply for multiple settlement loans, you are still not allowed beyond the 10% or whatever cap the company has.
Apply for a Pre Settlement Funding Today
Are you looking for the lowest rate and hassle-free lawsuit loan provider? High Rise Financial is one of the top choices. Our settlement loan application process takes only minutes. As a result, you can get your settlement loan fund within 24-hours of approval.
Apply now for a lawsuit loan and maximize your case to ensure a win. Call us today for any concerns about lawsuit loans.