Lawsuits in Portland often take a long time to settle, some on account of scheduling issues. Many plaintiffs end up waiting months or even years for a settlement. Bills can pile up during this period, leading to stress and financial challenges that can pressure plaintiffs into taking low settlement offers. In these trying times, Maine lawsuit loans from High Rise Financial can be a lifeline for those trying to make ends meet while their lawyer secures maximum compensation for their case.
Are Portland Lawsuit Loans Safe?
Yes, litigation funding is one of the safest financial options for plaintiffs. It is classified as a non-recourse loan, meaning:
- You don’t have to repay it if you lose your case.
- If you win, your lawsuit loan is repaid from your settlement.
- Your personal funds and assets are never used to repay your loan.
A non-recourse loan is safer for plaintiffs since the funding company assumes most of the financial risk. Unlike traditional loans, there is no risk of damaging your credit score, wage garnishment, collection calls, or asset seizure.
To apply for free, call (877) 735-0016
Why Plaintiffs Prefer Pre-Settlement Funding Over Traditional Loans
In addition to being non-recourse, Portland settlement loans have several advantages over traditional loans, such as:
- No credit checks. Since your lawsuit loan is repaid from your settlement, the strength of your case is the key factor that determines eligibility. You don’t need to pass credit, income, or employment checks to get funding.
- No monthly payments. With traditional loans, you’ll be made to make monthly payments once you receive the loan. However, pre-settlement funding does not require monthly installments. Since the loan can only be repaid from your future compensation, your lawsuit funding provider will wait until your case has been resolved.
- Timely funding. High Rise Financial understands that you’re likely under financial strain by the time you decide to apply for a lawsuit loan in Portland. That’s why we make it easy to submit an application, get your response, and then receive an update regarding your application.
Pre-Settlement Funding Near Me (877) 735-0016
Who Can Be Considered for Settlement Loans in Portland?
Eligibility for a lawsuit loan in Portland is generally straightforward. To get started, you need to:
- Be a plaintiff with an ongoing lawsuit
- Be working with an attorney on your case
- Have a strong case that is supported by compelling evidence
If you meet these criteria, you’re likely to be approved for litigation funding with High Rise Financial.
Talk to the Team at High Rise Financial for Portland Lawsuit Loans
Between medical bills, lost income, unexpected costs, and general living expenses, many plaintiffs in Portland struggle financially during litigation. Lawsuit funding offers much-needed relief during this challenging period.
At High Rise Financial, our application process is simple and free to complete. Contact us today to get the support you need.
Call or text (877) 735-0016 or fill out our form to apply today for free.