When you have suffered a personal injury, damages, or other forms of losses in Arkansas from another person’s negligence, you may be eligible to seek damages. This often requires filing a personal injury claim or lawsuit. However, settling a case and receiving financial compensation can take forever. If you are facing financial hardship while your case is ongoing, applying for a lawsuit loan in Arkansas may be right for you.
For several years, High Rise Financial has been offering affordable legal funding to injury victims and claimants throughout the state of Arkansas. Our Arkansas lawsuit loans can provide you with the immediate funds you need to settle outstanding debts, pay medical bills, and cover your living expenses. In addition, the pre-settlement funding is non-recourse, and you won’t have to repay it with your personal finances if you don’t win your case.
Is Lawsuit Loans Legal in Arkansas?
Yes, lawsuit loans, also known as pre-settlement funding, are allowed in Arkansas but are subject to strict regulations. The state has implemented various laws to ensure that lawsuit loans are used responsibly and do not exploit plaintiffs. One of the key regulations is the cap on interest rates. The state has put this in place to protect consumers from excessively high costs. This regulation ensures that plaintiffs are not burdened with excessive debt.
Furthermore, the law addressing lawsuit loans in Arkansas includes the Arkansas Rule of Professional Conduct 5.4(a), which addresses the ethical considerations of third-party funding in legal cases. This rule prohibits lawyers from sharing legal fees with non-lawyers. The state courts have also validated the legality of lawsuit loans. However, all settlement loan providers must comply with the established state regulations. Nonetheless, plaintiffs in Arkansas can still secure lawsuit loans to cover their immediate financial needs while awaiting the resolution of their cases.
Characteristics of Our Arkansas Lawsuit Loans
Furthermore, claimants who have ongoing personal injury lawsuits – or other qualifying cases – can apply for our lawsuit loans in Arkansas. Here are some unique characteristics of our pre-settlement funding:
- Settlement loans are risk-free and non-recourse. You don’t need to repay the loan if you lose your lawsuit.
- Applying for a settlement loan is easy and fast. There are no income verification, job history checks, or credit checks needed to qualify or get approved.
- Also, there are no out-of-pocket fees or upfront costs to apply for our settlement loans.
- settlement loan are available to all individuals with pending civil cases, regardless of their financial status.
- Our lawsuit loans feature low rates with transparent terms. There are no hidden charges or fees.
- Applicants who are approved for any of our Arkansas lawsuit loans will get their cash advance within 24 hours or less.
- The money from a lawsuit loan can be used for any purpose, such as medical bills, living expenses, or other urgent costs. There are no restrictions.
How to Apply for a Pre-Settlement Loan in Arkansas
Applying for a pre-settlement loan in Arkansas is a straightforward and fast process. Here’s a step-by-step guide to help you through it:
Make Initial Contact
The first step is to notify our team that you are interested in obtaining a settlement loan. You can inform us of your interest through phone, email, or via our website. Our experts are ready to assist you and address any questions or concerns you might have.
Complete the Application Forms
Visit our website to fill out the necessary forms. You will need to provide your personal information, including your name, contact details, and any other necessary data. Make sure to double-check your information to ensure accurate before you submit your application.
Provide Case Information
Also, it is crucial to share comprehensive details about your case. This includes the nature of your lawsuit, the events leading up to it, and any relevant documentation that supports your claim. The more information you provide, the better we can assess your application.
Provide Attorney Contact Information
Provide the contact details of your attorney or the law firm that is representing you. This allows us to communicate directly with your legal representatives to gather additional information and understand other facts about your case.
Consultation with Legal Counsel
Our experienced team will reach out to your attorney to discuss the specifics of your lawsuit. This includes evaluating the merits of your case, your chances of winning, and the potential settlement amount. This step ensures that we have a thorough understanding of your situation.
Application Review
Our reliable financial specialists will carefully review your application and the information provided by your attorney. We will then make a decision regarding your eligibility for legal funding. This process is very efficient, and we will make a decision quickly so that we don’t keep you waiting.
Receive Your Funds
If we approve your application, you will receive your cash advance promptly, often within 24 to 48 hours. We will make the process as quick as possible and avoid any unnecessary delays in getting you your funds.
By following these steps, you can secure the financial support you need while waiting for your case to settle. If you have any questions or need further assistance, our dedicated representatives are always available to help.
Do You Have an Ongoing Lawsuit? Apply for Our Arkansas Lawsuit Loans Today!
If your personal injury lawsuit is taking an extended period to settle, but you need immediate funds to pay your bills, applying for our pre-settlement funding in Arkansas may be ideal for you. Contact us today at High Rise Financial to schedule a one-on-one consultation. Our trusted experts will be happy to speak with you and explore your available legal funding options. We are proud to serve clients throughout the state of Arkansas. Call us today at (866) 407-6404 to apply for a risk-free lawsuit loan.