If you were seriously injured in a car accident, you may be interested in exploring pre-settlement legal funding. If you’re wondering how you can use legal funding in a car accident lawsuit, the simple answer is: any way you want to.
As long as you are actively involved in a personal injury claim and you’re represented by a lawyer, you can apply for legal funding from High Rise Financial. We work with plaintiffs from all around the country.
If you’re like the millions of Americans who are living paycheck to paycheck, you’ve used up any savings you had. You may have also maxed out your credit card(s) if you can’t work, or even if you’re still working. The good news is that legal funding can help you make ends meet while you wait for your case to resolve.
Fill out the application form to get started.
In This Article
Typical Uses for Legal Funding
While we don’t impose any requirements or limits on how you use legal funding in a car accident lawsuit, we can tell you how many of our clients use it. Most people use it to pay for basic living expenses.
Most of our clients aren’t worried about legal fees just yet, because they’re working with a personal injury lawyer who took their case on a contingency-fee-basis. Many of those lawyers front the money to pay court filing fees, expert witnesses, and other charges related to your legal case as well.
So that leaves some of the most basic expenses, including:
- Rent payments
- Mortgage payments
- Medical bills
- Utility bills
- Car payments or transportation costs
- School and daycare expenses
Now no one is monitoring how you spend your legal funding, so don’t feel guilty if you get a haircut or a manicure, or a dinner out. We can tell you that most lawyers we work with will advise their clients to use the money wisely and not splurge and spend it all on a boat or vacation.
If You Spend All of Your Legal Funding Before Your Case Settles
If your case drags on longer than expected and you find yourself out of money, we do allow you to apply for additional legal funding. We would have to reevaluate your case to determine how much, if any, we could provide to you. If you find yourself in this situation, contact your case manager directly.
Our goal is to help you make ends meet, but not loan you so much that you have little left over after paying everyone back when you win your case.
To apply for free, call (877) 735-0016
How You Pay Us Back
You’ll notice one thing we didn’t mention with regard to how you can use your legal funding – paying us back. That’s because, with pre-settlement legal funding, you don’t need to make monthly payments on what you owe, like you would with a bank loan.
You’ll pay us back on one lump sum (the amount of legal funding + our flat-rate fee) when you win your case. Actually, your lawyer will pay us out of your settlement funds. The way it works is that when the other side settles, or you win a court award, the funds go to your legal counsel’s law firm.
Then, your lawyer pays us out of those funds. And once they deduct their own legal fees and any other required payments, the rest of the money is yours.
If You Lose Your Case
The vast majority of our clients recover damages. But if you lose your case, you don’t pay us back. That’s because like your lawyer, we are operating on a contingency fee basis. We only get paid if you have a positive outcome to your case.
That’s why we only fund strong cases where we are relatively certain the plaintiff will prevail. So as you can see, legal funding really is a risk-free financial solution while you wait for your personal injury case to settle.
Apply for No-Risk Legal Funding Today
At High Rise Financial, we make applying fast, easy, and free. Simply fill out the form to get started. Once we receive your application, we’ll contact your lawyer for the information we need. In many cases, we can approve you within an hour. Once you’re approved, we may be able to transfer the funds to your account in less than 24 hours. Call us at (866) 407-6404 today.