In a word, yes, you can get pre-settlement funding for daily expenses from High Rise Financial quickly and easily. As long as you are actively pursuing a personal injury claim and you have a lawyer representing you, you are eligible to apply.
If you were seriously injured in an accident or due to the negligence of others, you may have big medical bills and a loss of income. Any savings you had may have dried up. You may be starting to think about taking that lowball offer from the party responsible for your injury. Don’t do it.
By applying for and receiving pre-settlement funding, you get the money you need to pay for your daily expenses, as well as make the recurring payments on your loan.
Fill out the form on our Apply Now page to get started.
In This Article
Common Uses for Pre-Settlement Funding
While there are no restrictions on what you may use pre-settlement funding for, over the years we have found that most of our clients use it to pay for things like:
- Medical bills
- Credit card bills
- Mortgage payments
- Car payments
- Utility bills
- Other living expenses
To apply for free, call (877) 735-0016
How the Application and Approval Process Works
The process of getting pre-settlement funding is pretty simple. Since the funding you receive is tied to your future settlement or jury award, you don’t have to jump through hoops to apply. You fill out one form, and our team and your lawyer then coordinate to determine how much pre-settlement legal funding we can provide.
Pre-settlement funding is not a standard loan, which means:
- NO invasive or potentially damaging look into your credit history
- NO job needed for funding
- NO need to supply tax documents
How Much Pre-Settlement Funding You Can Get
Rather than basing how your pre-settlement funding on your creditworthiness, our underwriters review the specifics of your personal injury case. If you’re approved, the minimum amount of pre-settlement funding is $500, while the maximum we have paid out is $250,000.
You may be thinking, that’s a wide range. Yes, it is. How much you qualify for depends on several variables, including:
- The extent of your injuries
- Whether you are disfigured or lost a limb
- Whether you will ever completely recover from your injuries
- The amount of current and future medical expenses
- Lost wages due to your injuries now and in the future
- Whether you are the primary breadwinner in your family
- Property damages
- Whether you are seeking punitive damages and/or compensatory damages
Essentially, the more serious your injuries, the larger your eventual settlement or jury award is predicted to be. And the greater your financial losses, the greater the compensatory damages you are likely to receive.
Our underwriters take all of these factors into consideration and compare your case to similar cases that were resolved in your state. This helps us come up with a reasonable prediction for the sort of settlement you can expect.
We can then offer you a percentage of that amount in the form of pre-settlement legal funding. We will send you and your lawyer an agreement to sign and return if you agree to the terms. Once you agree, we can have the money in your bank account within 24 to 48 hours.
How You Pay Us Back
The pre-settlement funding agreement you sign will spell all of this out. Legal funding is not a typical loan. This means you don’t have any monthly payments, and there is no interest on the amount of funding we offer. Instead, we charge a one-time flat fee which is included in your agreement.
When you win your case, you pay us back—or rather, your lawyer does. Whether you reach a settlement or receive a jury award, the other side will send your lawyer a check for the agreed-upon amount. Your lawyer will then send us a check drawn on those funds. After deducting their legal fees and any other necessary payments such as back taxes, your lawyer then arranges to transfer the remaining funds to you.
If you reach a structured settlement, rather than receiving your funding in one lump sum, you will receive a set amount each month. This can help provide you and your family with financial security well into the future.
If You Lose Your Case
Since pre-settlement funding is a form of non-recourse funding, you are protected if you lose your case. We explain this in the terms of the agreement you sign with us. Most of our clients end up either settling their case or winning at trial. But if you do somehow lose your case, you don’t have to pay us back.
This fact makes applying for and receiving pre-settlement funding a no-risk option to help you make ends meet while you work with your lawyer on your case.
Get the Cash You Need Now
Applying for pre-settlement funding to meet your daily expenses is fast and easy. Simply fill out the form on our Apply Now page to get started. A team member will reach out to you and your lawyer to get the information we need to approve your application.
Once you’re approved and sign the paperwork, you can have access to your cash in as little as 24 hours. And remember, you don’t pay anything upfront, and you don’t pay us a penny if you lose your case.
You can also call us at (866) 407-6404 if you need assistance.