If you have already received legal funding but need more money before receiving your settlement, we have good news for you. At High Rise Financial, you can apply for pre-settlement legal funding more than once.
You probably know that personal injury cases can take months if not years to settle. The other side is hoping you will settle for a lowball offer if your financial stressors grow big enough. With pre-settlement funding, we can help prevent that from happening to you.
A second round of legal funding can help tide you over until your case settles. And by easing your financial strain, you’re free to help your attorney negotiate the best settlement possible.
Use the Apply Now form to get started, or call your case manager at (866) 407-6404.
How the Process Works
Applying for a second round of pre-settlement funding is even simpler than it was the first time. You already have a designated High Rise Financial case manager who is up to date on where your lawsuit stands. And your lawyer can send us any new documentation related to your case that we can add to the documents they sent us when we opened your case.
Our underwriters will re-evaluate your case and determine an updated predicted settlement amount or jury award. Based on this evaluation and the amount of pre-settlement funding you already received, they will come up with a number for how much additional funding we can provide.
Signing the Agreement
You and your lawyer will need to sign another financial agreement that will detail how much additional funding you will receive and will include our flat fee associated with each round of funding. You will receive a document indicating the final amount you will owe us.
After you sign this new agreement, we can generally transfer the funds to your account within 24-48 hours. The money is then yours to do with as you wish. Most of our clients use their legal funding to pay basic living expenses such as:
- Rent or mortgage payment
- Utility bills
- Medical bills
- Car payments
But if you want to treat yourself to a dinner out of the house, that’s perfectly fine with us!
No Interest and No Monthly Payments
Our repayment terms remain the same. We do not charge any interest on a pre-settlement loan amount, and you will not have any monthly payments.
You will pay us back in full when you win your case. Your lawyer will pay us directly out of your settlement funds or court award.
A second round of legal funding will further reduce how much you will have left of your settlement after all of your other expenses are paid. But if you reach a structured settlement, you should still have plenty of money to meet your needs.
These financial terms make pre-settlement legal funding a better, safer option than a credit card cash advance or a personal loan. Here, you don’t have to make monthly payments or worry about a high-interest rate.
For a free legal consultation, call (877) 735-0016
If You Lose Your Case
In order to qualify for a second round of pre-settlement legal funding, our underwriters have to be sure you are on track to win your case. But juries can be unpredictable, and new developments can surface. There is no guarantee you will win your case, even if it’s a strong one.
In the event you lose your case, you won’t have to pay us a dime. You don’t owe anything from the first or second rounds of legal funding, even if you haven’t spent it all yet. The money is yours to keep.
This is because of the non-recourse nature of our legal funding. We use your eventual settlement as collateral. If you lose, then there is no collateral to collect from. We will not pursue you in court to pay us back. When we issue legal funding, we agree to take the risk that you might lose.
With a personal loan, you would be required to pay the lender back even if you lost your case. And with a home equity loan, you could lose your home if you lost your case. You don’t have to worry about either of those things here.
Apply for Legal Funding Now
Applying for pre-settlement legal funding with High Rise Financial is fast and easy. Just fill out the form on the Apply Now page. If you have already received legal funding but need another settlement advance before your case resolves, call us at (866) 407-6404 and ask to speak with your case manager.
No matter where you are in the U.S., we can help. While we’re based in Los Angeles, we have clients from all over the country. We use video conferencing when needed, but most of our interactions with you will be over the phone or via email.