Legal funding for Jones Act maritime accidents and injuries can help you recover financially after an accident at sea. While you are waiting for your settlement, you will face substantial financial pressure to accept a lower award than the maximum amount you could win. Pre-settlement funding can help you pay medical bills and other personal expenses while you wait.
It could take years for you to receive the money from your settlement. And many defendants try to pressure plaintiffs into accepting lower offers, knowing they face financial stress by being out of work with an injury. With pre-settlement legal funding, you could fight for your full settlement.
How Long does It Take to Receive Jones Act Pre-Settlement Legal Funding?
You could receive legal funding for your Jones Act maritime accident and injury case in less than a day. If you’re facing high medical bills or other expenses as a result of your Jones Act claim, this money could be a lifesaver. Depending on which legal funding company you work with, your application could take just a few minutes and you could have money in your account within hours.
Due to its status as a non-recourse debt, you can receive legal funding much faster than a typical legal loan. Your credit history and assets don’t affect how much pre-settlement funding you can get. The only factor that’s taken into consideration is the quality of your settlement case, which means you can get access to money faster and easier than a recourse loan.
Can Legal Funding Help You Win a Bigger Jones Act Settlement?
One key strategy that defendants in Jones Act cases use is stalling. They know that plaintiffs in these cases rarely have the financial resources necessary to carry out a month or years-long legal fight. If the defendant can drag out the case, they have a strong chance of forcing the plaintiff to settle for a lesser award.
Legal funding can help you resist these pressure tactics by giving you access to some of your expected settlement award money now. The money you receive for your Jones Act maritime accident and injury lawsuit comes with no restrictions and can be used however you see fit.
With your legal funding, you can cover the following:
- Payments for childcare
- Rent or mortgage payment
- Medical bills
- General living expenses
Legal Funding Isn’t a Loan
Despite its name, a lawsuit loan isn’t actually a loan and doesn’t even need to be paid back if you lose your settlement case. Non-recourse debt carries no obligation for the person who receives it to repay it with their own assets. This is in contrast to recourse debt, like that from a credit card, which requires repayment.
With legal funding, the collateral is your settlement itself, which means that if you lose your case, you don’t have to repay anything. With a non-recourse legal loan, there’s essentially no risk to your own finances. Should you lose your case or your settlement be worth less than the amount of funding you receive, you won’t have to pay back anything.
What If My Claim Gets Denied for Pre-Settlement Funding?
Unfortunately, there are times when your case will get denied for legal funding. Depending on the details of your case there may be a few reasons you aren’t able to receive legal funding. However, there are ways to fix some of the reasons you get denied. The most common reasons claims get denied are:
- We do not fund the type of claim you have. In order to receive legal funding, your claim must be one of the types of cases we fund. If you do not find your case on the list, we recommend reassessing with a lawyer to see if your case could count as one of the categories of cases we do fund.
- You do not have an attorney or one that will participate. You need to have an attorney, usually, one that is paid on contingency, that agrees to third-party funding for your case. This is an easy problem to fix because there are plenty of lawyers that will agree to third-party funding.
- Your state does not allow legal funding. Despite the benefits of legal funding, some states don’t allow legal funding. There are many states that do allow legal funding, but if you live in a state that doesn’t allow it, you may be able to file in another state if you have a second state of residency.
- Your case does not have enough details. Your case could be denied because it is too new and does not have enough evidence yet. If you get denied, it may be that the accident happened very recently and the investigation is not over yet. To solve this issue, we recommend waiting until the police and other parties file enough evidence and then reapplying.
- Your case has liability issues. If your claim shows that you may be at fault for your accident, it’s unlikely that we will be able to fund your case. However, if after we review your claim and the details suggest otherwise, you may be eligible for legal funding.
We understand that it can be frustrating when your claim gets denied, especially when you need money to pay for expenses related to your case. Our specialists can help you understand why your claim was denied and answer any questions you may have.
Get Legal Funding for Your Jones Act Claim Today
At High Rise Financial, we offer legal funding for Jones Act cases to help you fight for the maximum settlement after an accident. A lawsuit can take months or years to resolve, during which time you may suffer from a loss of income and mounting expenses. Our legal funding can give you the ability to weather these challenges and avoid taking a lower settlement.
Contact us today to find out if you qualify for Jones Act lawsuit settlement funding. We can offer up to $1 million for each case, and you could have the money in your bank account in as little as 24 hours. There’s no catch, and if you lose your case, you won’t have to pay anything back.