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Kansas is known for its rich history and diverse economy. However, residents may face financial instability due to negligent accidents and personal injuries. Though, Kansas laws allow personal injury and accident victims to seek compensation through a claim or lawsuit. Yet, getting a verdict can take a long time. If you are facing financial distress while your case is ongoing, applying for a lawsuit loan in Kansas may be your best option.
At High Rise Financial, we provide risk-free pre-settlement funding to claimants with pending legal issues across Kansas. Our Kansas lawsuit loans offer the much-needed cash advance to cover essential bills and living expenses and achieve financial relief before your case settles. In addition, our lawsuit loans in Kansas are non-recourse, which makes them a better alternative to traditional bank loans. If you lose your case, you owe us nothing, and you won’t have any debt obligation on your credit report.
Pre-Settlement Loans Are Legal in Kansas
Pre-settlement loans, also known as lawsuit loans, are legal in the state of Kansas. They provide crucial financial support to plaintiffs awaiting the resolution of their legal cases. These lawsuit loans are regulated under Kansas laws, and there is a restrictive cap on interest rates. They can help cover living expenses, medical bills, and legal fees during the often complicated and lengthy litigation process.
Additionally, Kansas regulates lawsuit loans to protect consumers. The state laws ensure that the terms of the pre-settlement loans are transparent and fair. This regulation also ensures that plaintiffs can access the funds they need without facing predatory lending practices. However, only cases with significant or severe injuries that qualify for cash advances of more than $25,000 are usually funded.
Why Lawsuit Loans Are Better Than Traditional Bank Loans
Lawsuit loans and traditional bank loans are among the available funding options for plaintiffs who need financial assistance while their lawsuits are ongoing. Here are some reasons why lawsuit loans are better than traditional bank loans for you:
No Credit Checks: Lawsuit loans don’t require a credit check. This makes them accessible to those with poor or bad credit ratings. It also ensures that you can obtain financial support based on your case merits and not your credit history.
Non-Recourse Funding: With lawsuit loans, you only repay if you win your case. This reduces financial risk, unlike traditional bank loans which you must repay the lender, regardless of the outcome of your case.
Quick Access to Funds: Lawsuit loans are usually processed faster than traditional bank loans. You can receive funds within 24-48 hours of getting approved. This is vital to cover urgent expenses and other bills.
No Monthly Payments: In addition, no monthly payments are required for lawsuit loans. Repayment will be taken from your financial settlement if you win your case. Hence, you don’t have to worry about making payments during your case.
Financial Flexibility: Lawsuit loans offer much financial flexibility to cover various expenses, from medical bills to living costs, car loans, mortgages, utilities, and more. Conversely, traditional bank loans often have specific purposes, and there are stricter guidelines concerning how you can spend the loan.
Applying for a Pre-Settlement Loan in Kansas
If you have an ongoing lawsuit in Kansas, you can apply for our pre-settlement funding, regardless of your financial situation or status. Follow the steps below to apply for a lawsuit loan in Kansas:
Notify Our Experts: Reach out to our dedicated representatives to let them know you need pre-settlement funding. We will walk you through the necessary steps and answer all of your questions.
Visit Our Website: Complete your forms by providing your personal information and submitting your application through our website. This step ensures we have all the necessary details to proceed with your lawsuit funding request.
Provide Case Details: Share important information about your ongoing lawsuit, including the nature of the case, vital facts, and any relevant documentation. This helps us understand the context and merits of your claim.
Share Your Lawyer’s Contact Information: Provide your lawyer’s contact details so our team can communicate with them. This is crucial to verify your case details and coordinate with your legal representative.
Professional Review: Our professional team will meet with your attorney to examine your case details, discuss the strengths of your lawsuit, and determine how much compensation you are likely to be awarded. This collaborative approach ensures a thorough evaluation.
Application Decision: Our financial specialists will examine your settlement loan application and make a decision. If you are approved for our Kansas lawsuit loan, you can pick up your funds within the next 24 hours, giving you quick access to the money you need.
Are You Required to Repay a Non-Recourse Loan?
Repaying a non-recourse loan depends on the outcome of your case. Essentially, you are not required to repay the pre-settlement funding if you lose your case. Unlike traditional bank loans, lawsuit funding is contingent on the success of your legal case. Therefore, if you lose your ongoing lawsuit, you owe nothing. This minimizes financial risk during the litigation process and provides peace of mind.
However, if you win your case and receive financial compensation, repayment will be taken from your settlement or award. This means that you will have to pay back the legal funding using an agreed-upon portion of your financial compensation if your case is successful. This makes lawsuit loans in Kansas a more reliable and safer option for those who have ongoing legal proceedings.
Risk-Free Lawsuit Loans in Kansas with High Rise Financial
Contact us at High Rise Financial today to apply for our affordable Kansas lawsuit loans. You can call or text our toll-free number at (877) 735-0016 to schedule a no-obligation consultation and learn more about the cases we fund. We are happy to serve clients throughout the state of Kansas.