If you’re in the middle of a personal injury case and you need cash fast, you’ve come to the right place. With the streamlined process here at High Rise Financial, our average time to process an application is one hour. Yes, you read that right – you can have your funds in as little as one hour from when you applied.
Personal injury cases can take months, even years, to settle or go to trial. During that time, plaintiffs can suffer financially. Medical bills and other bills are mounting, and if you were seriously injured, you may not have any income at all. Don’t panic – we’re here to help.
Interested? Fill out the form on the Apply Now page to get the process started.
The Information We Need to Approve You
Since the amount you receive in a pre-settlement non-recourse loan is dependent on your eventual settlement, rather than your financial situation, we do not ask for the kind of information you would need to provide on a personal loan application. That means:
- NO credit check
- NO proof of employment
- NO bank statements
- NO references
The only information we need from you is your name and contact information, as well as your lawyer’s name and contact information. We get all of the other information we need directly from your lawyer. By applying, you are giving your lawyer permission to release this information to us.
For a free legal consultation, call (877) 735-0016
Factors We Consider in Approving You for a Non-Recourse Loan
There are many factors we consider when approving you for a pre-settlement non-recourse loan. We can process your application quickly, as long as we get full cooperation from your lawyer.
The information we need from them in order to determine if you’re approved, and for how much, includes:
- When, how, and where your accident happened
- The seriousness of your injuries
- If you are expected to recover, or if you are permanently disabled
- The amount of your current and future medical bills
- Current and future lost income
- Any personal property damages
- Who the defendant is
- Whether you are claiming punitive damages
- If this is a wrongful death claim
The stronger your case, the better your chance for approval. Our underwriters take all the above factors into consideration. They may use industry calculators to estimate what you might receive in compensatory damages and compare your case to similar claims in your state. If you are claiming punitive damages, they will calculate that separately.
Finally, they will have a figure for your predicted settlement or court award. Then, they will tell us how much we can provide you in the form of a pre-settlement non-recourse loan.
The Amount of Legal Funding You May Receive
If you’re approved, the amount of legal funding you may receive is dependent on the factors we listed above. In general, the more serious your injuries and financial loss, the larger the settlement you can expect to receive. And the larger the expected settlement is, the more money we can lend you.
The smallest amount you would receive is $500, with the largest being $250,000. But only the most seriously injured clients or those who file a wrongful death claim are qualified to receive a higher amount.
We try not to overfund you. We want to provide you with enough funding to pay your bills while you wait for your case to settle, but not so much that you can’t pay us back when your case settles.
We’ll present you and your lawyer with a written offer. If you accept the terms and sign the agreement, we can have the funds in your account within 24-48 hours.
If You Need More Legal Funding
If you run out of legal funding before your case settles, you can apply for another non-recourse loan. We will need to take into consideration how much you have already received. You can explore your options by calling your case manager directly.
Before you apply for additional funding, remember that before you get any money from your settlement or court award, you must repay us, your lawyer, and any other debts you may have incurred. These additional debts could include:
- A medical lien
- Back taxes
- Back child support
Your lawyer will be able to help you determine if applying for a second round of funding makes sense for you financially.
Legal Funding Is Non-Recourse in Nature
Pre-settlement legal funding from High Rise Financial is a type of non-recourse loan. But technically, it’s not a loan. A personal loan or lawsuit loan charges interest and may require monthly payments.
With legal funding, you pay us back in full when you win your case. This includes the full amount of funding we provide, plus our one-time service fee. That means:
- NO interest
- NO monthly payments
And of course, the non-recourse nature of our legal funding means if you lose your case, you don’t have to pay us back. Since the “collateral” on your loan is your settlement, if there’s no settlement, we have nothing to collect.
Apply for a Pre-Settlement Non-Recourse Loan Today
Applying for a pre-settlement non-recourse loan with High Rise Financial is free, fast, and easy. If you’re having trouble paying the bills while you wait for your personal injury case to settle, we may be able to help. We work with personal injury plaintiffs across the country.
The only way to find out how much legal funding you can receive is to apply. To get started, complete the form on the Apply Now page. If you’re approved, you could have the cash you need in your account within 24 hours.
If you need assistance or have questions, please call us at (866) 407-6404.