Thanks to a unique blend of northern and southern American culture, Maryland is known for its colonial architecture and beautiful natural parks. The state has a rich history, which is also reflected in its cities and preserved natural areas. However, accidents and personal injuries can happen to anyone, and this might lead to financial instability from accumulating medical bills, lost wages, and living expenses. If you have a pending lawsuit and need financial assistance, you may apply for a lawsuit loan in Maryland.
At High Rise Financial, our pre-settlement funding provides much-needed financial support to plaintiffs who are waiting for their case to settle. The cash advance from our lawsuit loans in Maryland can help cover living expenses, rent, feeding, medical bills, legal fees, and more while your case is ongoing. In addition, our Maryland legal funding is non-recourse, and you’re not required to pay it back unless you win your case and receive a settlement.
Fault Laws in Maryland
Maryland follows an at-fault system for personal injury and car accident cases. This means that the person or driver who caused the accident is responsible for compensating the injured party. The at-fault party will cover the injuries, damages, and losses suffered by the victim. Due to the at-fault laws in the state, the liable party or their insurance provider will cover these injuries and damages.
Furthermore, the injured party can pursue damages by filing an insurance claim or lawsuit against the at-fault party. However, in order to prove fault, establish liability, and seek compensation, the claimant must provide evidence of negligence. This system ensures that the responsible party is held accountable for the damages and losses suffered by the victim in the incident.
Reasons to Get Settlement Funding in Maryland
In Maryland, pre-settlement funding – a form of non-recourse cash advance – is available to plaintiffs and accident victims who are struggling financially while awaiting the resolution of their case. Here are some reasons to consider getting a lawsuit loan in Maryland:
Achieve Immediate Financial Relief: Pre-settlement funding provides you with a cash advance while you wait for your lawsuit to be resolved. This helps you to cover your basic financial needs, including living expenses, medical bills, rent, food, and other urgent expenses.
No Monthly Payments: Unlike traditional loans, pre-settlement funding doesn’t require monthly repayments. You only repay the amount once your case is settled or you receive a favorable verdict. Also, you don’t need to worry about making monthly repayments from your limited finances.
No Credit Check: Settlement loan companies in Maryland typically don’t require a credit check when you apply for their lawsuit funding. This makes it easier for plaintiffs to access the funds they need regardless of their credit history.
Non-Recourse Funding: Also, lawsuit loans are a form of non-recourse funding. This means that if you lose your case, you don’t have to repay the Settlement loan. Essentially, the repayment will only be taken from your financial compensation if you win your case.
Leveling the Playing Field: Having access to pre-settlement funds can help you and your attorney pursue your claim more effectively against well-funded defendants and insurance companies. You will not be pressured into accepting a lowballed or ridiculous settlement offer.
Peace of Mind: Getting a settlement loan can help you achieve peace of mind during such a difficult period. In fact, knowing that you have financial support can reduce stress and allow you to focus on your recovery and legal strategy.
How to Apply for Lawsuit Loan in Maryland
Applying for our Maryland lawsuit loans is easy and quick. If you have an ongoing case and you are waiting for a settlement, you can follow the steps below to apply for pre-settlement funding:
Notify Us: Inform our trusted team that you need a settlement loan. You can contact us via phone, text, email, or through our website. We are always available to answer your questions and concerns.
Fill Your Forms: Go to our user-friendly website to fill out the application forms. Provide your personal information, such as your name, contacts, and other details.
Provide Relevant Case Details: Share your lawyer’s contact information and other crucial details about your ongoing case. This includes case facts, necessary documentation, and other details about your lawsuit.
Consultation with Your Attorney: Our legal funding experts will reach out to your legal representative to discuss your case in detail. We will examine your case’s merits, likelihood of winning, and your expected settlement.
Application Review: Our reliable financial experts will carefully review your application, determine whether you are eligible, and make a decision. This process is really efficient.
Receive Your Funds: If your pre-settlement funding application is approved, you will get your funds within 24 to 48 hours, or less. The cash advance belongs to you, and you can use it however you like.
Give Your Attorney Sufficient Time with Legal Funding
Legal funding can give your attorney the breathing space needed to build a strong case on your behalf without the pressure of financial instability. With financial stability, you won’t need to rush into accepting a quick, less favorable settlement. Legal funding allows your attorney to thoroughly investigate, gather evidence, and negotiate with the insurer. This increases the chances of a successful outcome.
Furthermore, you can use part of your cash advance to strengthen your case. Settlement funding can cover costs such as expert witnesses, depositions, and other essential litigation expenses. This ensures that your legal team has the resources they need. Above all, your lawyer can fight intelligently for your best interest and help you pursue your deserved financial justice.
We Offer Affordable Lawsuit Loans in Maryland
Do you need non-recourse lawsuit funding in Maryland? Get in touch with us at High Rise Financial today for a simple consultation. Our dedicated representatives can enlighten you about your possible pre-settlement funding options. Call our toll-free at (866) 407-6404 today to apply. We proudly serve personal injury and accident victims across the state of Maryland.