You or a loved one may be in the middle of a personal injury lawsuit or a workers’ compensation claim. Your case may be dragging on while you watch the bills pile up. You may be out of work with no money coming in. The good news is that it doesn’t have to stay this way. You may be eligible to receive a pre-settlement loan.
To be approved, you must be actively involved in a pending personal injury case and you must be represented by a lawyer. Those are the only two requirements to apply for legal funding with High Rise Financial.
Want to get started? Fill out the form on our Apply Now page.
In This Article
What We Need from You
To start, we’ll need some basic information, including:
- Your name
- Your email address
- Your phone number
- The state you live in
- Your lawyer’s name and phone number.
We will then contact your personal injury lawyer for more information about your injuries, your case, and the sort of settlement or jury award you are seeking. We work directly with your lawyer at this stage because they have all of the legal documents we need to reference at the ready.
Personal injury laws vary by state, which is why we need to know the state you live in. For example, some states allow punitive damages in certain cases, while others don’t. Other states put a cap on any jury award you might receive. We want to make sure we assign you a team member who has experience working with cases in your state.
To apply for free, call (877) 735-0016
How We Determine Your Level of Legal Funding
When you apply for legal funding, we review your case with your personal injury lawyer. We also look at the potential settlement or jury award you are likely to receive. Our underwriters then run the numbers to see how much legal funding we can offer you. We then draw up a financial agreement that we can present to you and your personal injury lawyer. You are under no obligation to accept it. But if you do, we can get the cash into your account within a day or two.
In the past, we have provided pre-settlement loans to clients in amounts up to and including $250,000. We can’t provide you with an exact number without first reviewing your case. But once we transfer the funds, you can use the money to pay your rent, mortgage, school expenses, medical bills—anything you need. The money is yours to spend as you see fit.
A No-Cost, No-Risk Pre-Settlement Loan
You can get a pre-settlement loan at no cost and no risk to you. That’s because applying for legal funding through High Rise Financial is free. In addition, applying for pre-settlement legal funding from High Rise Financial differs from applying for a regular loan or cash advance in that there is:
- NO checking your credit report
- NO providing proof of employment
And once you’re approved, there are:
- NO monthly payments
- NO interest
- NO requirements to pay us back if you lose your case
This may sound too good to be true, but it’s actually not due to how we structure our legal funding agreements. A pre-settlement loan, or legal funding, is a non-recourse loan that is based solely on your eventual settlement, rather than your current debt-to-income ratio or current job.
We eventually receive our payment when you settle your case and/or receive a jury award. When that happens, your lawyer will receive a check from the other party. They then pay us out of those funds and deduct their own legal fees. The rest is yours.
Since this is a non-recourse loan, in the unlikely event that you lose your case, we don’t get paid. We have no legal recourse to go after you in court, repossess your car, or foreclose on your home the way traditional lenders might.
As you can see, if you need money to make ends meet while you wait for your case to settle, a pre-settlement loan is an option that is available to you.
Take the First Step Toward Getting Your Pre-Settlement Loan
The first step in the process of receiving a pre-settlement loan is submitting an application. Simply fill out the form on our Apply Now page to get the ball rolling. Or you can call High Rise Financial at (866) 407-6404 if you have questions or need assistance.
And remember, if you lose your case, you don’t owe us a penny. So let’s get started!