The way it works is, when you are approved and agree to the financial terms involved with lawsuit funding, you will receive your advance in one lump sum. We can then transfer those funds to your bank account within 24-48 hours after you sign the agreement.
Interested in applying? Fill out the form to the right to get started.
We do not approve applicants who do not have a lawyer or whose cases we believe are not likely to win. But if you hire an attorney to help you build a stronger case, you can always re-apply.
The Amount of Funding You May Receive Upon Approval
The amount of pre-settlement legal funding you may receive is specific to your case. Not all of our clients receive the same amount because every personal injury case is different. State laws are also different. Some states limit the amount of a settlement in personal injury cases when it goes to trial. This is especially true in medical malpractice personal injury cases.
We provide our approved clients with anywhere from $500 to $250,000. We realize this is a wide range, and you may be wondering what you might be eligible for. Typically, the more severe the injuries, the higher your settlement will likely be. That, in turn, allows us to provide you with a higher amount in the form of a lawsuit funding advance.
Some of the factors our underwriters consider include:
- When, where, and how your accident happened
- Who the defendant is
- Your lawyer’s success rate
- The extent and severity of your injuries
- If you are permanently disabled
- If you are expected to make a full recovery
- If you can return to work
- The cost of current and future medical treatment
- Any lost income due to your accident
- Property damages
- Whether you are seeking punitive damages
- If yours is a wrongful death claim
Our underwriters also use industry calculators to estimate how much you might receive in compensatory damages and to determine whether you might receive punitive damages at trial. Based on your predicted settlement, we can then offer you a portion as a lawsuit funding advance.
For a free legal consultation, call (877) 735-0016
You Can Apply for More Funding
When you are approved for a lawsuit funding advance, we provide you with a portion of what we expect your eventual settlement will be. We work with you to try and provide a sweet spot of sorts: enough funding to tide you over until your case settles, but not so much that you can’t recover enough to use for yourself and also to pay us back.
Part of figuring out how much money you need is predicting how long it will take for your case to settle or go to trial. We make an educated guess, and while we’re usually pretty close, sometimes a personal injury case can drag on for longer.
The good news is, if you’ve spent all your lawsuit funding advance and find yourself hurting financially again, you can apply for more funding. Our underwriters are flexible, and after another review of your case, they’ll determine whether your case has enough potential to provide you with additional funding.
We do not charge interest and there are no monthly payments, so any funds you receive are yours to spend as you need.
When You Receive Your Settlement
Before you receive any proceeds from your settlement, your lawyer will pay any outstanding contingency fees, liens, and claims. This can include:
- The full amount of your lawsuit funding advance(s) plus our fee
- Your lawyer’s legal fees (usually around 33% of your settlement)
- Any associated legal costs, such as witness or deposition fees
- Medical liens
- Back taxes
- Back child support
After these payments are made, the remainder of the settlement funding is yours. As you can see, there are a lot of expenses you may need to cover. That’s why it’s important you give your lawyer the time they need to build up your case and negotiate the best settlement possible.
Depending on the severity of your injuries and your future medical costs and ability to work, you may receive a smaller settlement (less than $150,000). If your settlement is larger, you may opt to negotiate a structured settlement, which breaks your settlement payments out over months or years.
What to Do if You Lose Your Case
One of the things that makes a lawsuit funding advance so attractive to personal injury plaintiffs is that it is no-risk funding. Due to the non-recourse nature of your agreement with High Rise Financial, if you lose your case, you don’t have to pay us back.
Contrasted with a personal loan or credit card cash advance, you don’t have a choice about paying them back—unless you declare bankruptcy.
When we agreed to provide you with a lawsuit funding advance, we reviewed your case thoroughly and expected you to win. But when a case goes to trial, it’s harder to predict the exact outcome. But don’t worry—whatever happens, we protect you.
Even if you still have some legal funding left over and you lose at trial, the funding is yours to keep.
Complete a Free Case Evaluation form now
Apply for a Lawsuit Funding Advance Today
The application process for a lawsuit funding advance is free, fast, and simple. All you need to do to get started is to fill out the form on our Apply Now page, and a High Rise Financial team member will be in touch with you and your lawyer shortly.
If you need help or have questions that our FAQs page doesn’t answer, please call us at (866) 407-6404.