The good news is: no–at High Rise Financial, we don’t charge any upfront fees when you apply for legal funding. In fact, we don’t charge you anything at all unless and until you win your case
If you’re the plaintiff in a personal injury case, you’re probably feeling some financial stress. You may have lost wages from work—if, that is, you’re able to work at all. And you’ve probably exhausted all of your available savings.
If you’re like millions of Americans, you may have been living paycheck to paycheck before you were injured. At High Rise Financial, we’re happy to help.
Complete the form on the Apply Now page to get started.
In This Article
How Applying for Legal Funding Works
The most important thing to know is that pre-settlement funding with High Rise Financial is not a typical loan. In fact, it’s a great lawsuit loan alternative. If you have filed a personal injury claim and you are represented by a lawyer, you are eligible to apply.
Most of the people who apply are approved for legal funding, anywhere from $500-250,000. Higher amounts are reserved for clients with the most serious injuries or who have wrongful death cases.
We base the amount of legal funding you can receive on your projected settlement or jury award. This means that applying is fast, easy, and free.
And it gets better. With pre-settlement legal funding, there is:
- NO credit check
- NO need for financial statements
- NO tax documents
- NO reference checks
The only information we need from you when you apply is:
- Your name and contact information
- The state you live in
- Your lawyer’s name and contact information
Once we have that basic information, we will contact you to explain the process and will contact your lawyer for the details of your case. We fund personal injury cases of all types, from car accidents to slip and falls. We can generally approve you the same day you apply, once we have all the information we need.
To apply for free, call (877) 735-0016
How We Decide to Approve You for Legal Funding
We take several things into account in deciding to approve you for legal funding. You must have a strong case that we think you can win. We will review your case documents and speak with your lawyer before we make that determination.
How Much Pre-Settlement Legal Funding You Can Receive
Once we have approved you for pre settlement legal funding, we send the information to our underwriters. They are the ones who tell us how much legal funding we can provide you. Things they take into account include:
- The extent and severity of your injuries
- Whether you are permanently disabled or will recover
- Medical expenses, both current and future
- Lost wages
- Property damage
- If you are suing for punitive damages
- If your state has a damages cap
Once our underwriters have all of the information they need, they will use an industry formula to estimate how much your eventual settlement might be. They will also compare your case to similar cases in your state. Based on all of that, they then give us a dollar figure for how much legal funding we can provide you.
The Financial Agreement
After all of this is completed, we will then draw up a financial agreement that details how much legal funding you will receive. This document will lay out the terms of how you will pay us back, and the amount you will owe when your case ultimately settles.
Again, since this is not a typical loan, the financial terms are different. For instance:
- There is no loan origination fee.
- We do not charge interest.
- You do not make monthly payments.
- There is a one-time, flat-rate fee for our services.
If you and your lawyer agree to the terms, you both sign the document. Once you’ve done that, we can generally have the money in your account within 24-48 hours.
How You Pay Us Back
You may be wondering, if you don’t make monthly payments, how do you pay us back? This will also be spelled out in your financial agreement, but in a nutshell, you pay us back when you win your case.
When your personal injury case settles or you receive a court award, the other side must send your lawyer a check. This can be for a portion of the settlement amount or all of it. If it’s a portion, that means you agreed to a structured settlement. In this situation, rather than getting one lump sum, you agree to payments over a period of years. This can help protect you and your family financially.
In either case, your lawyer pays us back from those funds shortly after settlement. Our payment will include the full amount of the legal funding plus our one-time fee. Then, your lawyer will deduct their legal fees and make any other required payments. After that, the rest of the money is yours.
If You Lose Your Case
Most of our clients win their cases. But if you lose your case, you don’t have to pay us back. Just like your lawyer, our work is done on contingency. That means that us getting paid is contingent on you winning your case. That’s a risk we knowingly take.
The bottom line is that, for you, applying for legal funding is free, easy, and risk-free.
Applying for Legal Funding Is Free with High Rise Financial
We understand that money is tight or you wouldn’t be here. That’s why there are no upfront fees for applying for pre-settlement funding with High Rise Financial. Applying is fast and easy. And the best part: if you’re accepted, we can have the funds you need in your account within 24-48 hours.
Get started by filling out the form on our Apply Now page. If you have questions or need help, please call us at (866) 407-6404.