Every year, many residents of Louisiana are injured in car accidents, slip-and-falls, dog attacks, and other personal injury incidents. Generally, such a person may be entitled to pursue financial compensation through an insurance claim or lawsuit. However, the legal process to recover damages is usually complicated and lengthy. If you are facing financial instability while your case is ongoing, applying for our lawsuit loan in Louisiana may be right for you.
High Rise Financial is a trustworthy settlement funding company that is committed to offering risk-free lawsuit loans to claimants throughout the state of Louisiana. Our Louisiana settlement loans are available to clients who are seeking financial assistance to meet their various needs while their case is ongoing. There are no credit checks, income validation, or upfront payments when you apply. In addition, our Louisiana lawsuit loans are non-recourse, and you won’t need to repay anything if you lose your case.
Personal Injury and Accident Laws in Louisiana
Here are some laws addressing personal injury and auto accident cases in Louisiana:
Accident Reporting Requirements
Under Louisiana laws, a driver involved in a traffic collision must report the accident to the nearest sheriff’s office or local police department if it causes a personal injury, someone’s death, or property damage of over $500.
Fault Laws in Louisiana
Louisiana operates using a fault-based system for personal injury and accidents caused by a negligent party. This means that the person responsible for the incident will be held liable for bodily injuries, property damages, and other accident-related losses suffered by the victim.
Seeking Damages
Also, the victim can recover damages by filing an insurance claim or lawsuit against the at-fault party. With this, the plaintiff can receive financial compensation to cover medical bills, lost wages, pain and suffering, reduced quality of life, and more.
Negligence Laws in Louisiana
Additionally, the state of Louisiana follows the pure comparative fault rule. Under the system, an accident victim may seek compensation even if their actions contributed to or caused the incident. However, the amount of damages that may recovered will be reduced by their fault percentage. For example, if the judge awarded $70,000 in damages for your injuries, but you were found to be 10% at fault, this reduces your compensation by $7,000. You will only receive $63,000.
How Lawsuit Loans Work in Louisiana
Lawsuit loans, also referred to as settlement loans or legal funding, are non-recourse cash advances based on your expected settlement in your ongoing case. They provide a risk-free way for plaintiffs in Louisiana to get financial support while waiting for their legal cases to settle. Since they are non-recourse, you only need to repay them if you win your case. If you lose, you don’t have to pay back anything.
To get a lawsuit loan in Louisiana, you first apply through a legal funding company. You’ll need to share details about your case and your lawyer. The funding company will then review your case and discuss it with your attorney to figure out how much money you might receive. Once approved, you can get your funds as soon as possible. The cash advance can help you cover essential expenses like medical bills, rent, and other costs while you wait for your case to be resolved.
Characteristics of Our Louisiana Lawsuit Loans
Before taking out a lawsuit loan, it is important that you know about it to determine whether it is right for you. Here are some key characteristics of our lawsuit loans:
- Pre-settlement loans are risk-free and non-recourse. You only need to repay the lawsuit loan if you win your case.
- Approval is based on the merits of your case and expected settlement, not your credit score, employment status, or financial situation.
- There are no credit checks, job history reviews, or income validation when you apply.
- The cash advance is typically available within a short period, often 24-48 hours, once you are approved.
- The lawsuit loans often feature clear and transparent terms. There are no hidden charges, upfront costs, or out-of-pocket payments.
- There are no monthly payments required.
- The loan process involves your attorney to ensure the validity of your case and to protect your best interests.
- The funds can be used for a variety of essential expenses, such as medical bills, rent, utilities, car payments, food, groceries, and legal fees.
How to Apply for a Lawsuit Loan in Louisiana
Getting a lawsuit loan in Louisiana is simple and quick. In order to apply for our settlement funding, you should follow the steps below:
- Inform our dedicated team that you have a pending suit and want to get non-recourse settlement funding before your case concludes.
- Visit our website to provide your personal details and complete your application forms.
- Provide the relevant details about your ongoing case, relevant documentation, and your lawyer’s contacts.
- Our trusted specialists will meet with your legal representative to discuss the facts of your case. We will evaluate the strengths of your case, whether you are likely to win, and how much you may receive.
- After a successful discussion with your lawyer, our experienced team will review your lawsuit funding application and make a decision.
- If you are approved for our Louisiana legal funding, your cash advance will be made available within 24 hours or less. The funds are yours, and there are no restrictions on how you can spend them.
Apply for Our Affordable Louisiana Lawsuit Loans Today!
Do you need money right now to pay bills and cover living expenses before your case concludes? Contact us at High Rise Financial or call (866) 407- 6404 today to apply for our pre-settlement loans in Louisiana. Our dedicated experts will be available to speak with you and enlighten you about the cases we fund. If your case is eligible, we will guide you through the lawsuit loan application process. We proudly serve personal injury claimants and accident victims throughout Louisiana.