Applying for a lawsuit loan can help you get immediate funds before your case settles. But what is a lawsuit loan and how is it beneficial for your personal injury case? Call us today at (866) 407-6404 to learn more about settlement funding in Cambridge, Massachusetts.
Personal Injury Cases in Massachusetts
Massachusetts has its laws regarding accidents and personal injury claims. The state has a three-year statute of limitation for personal injury cases. If you are a victim of somebody else’s negligence and suffer significant injuries, you need to know these laws.
However, if the injuries are not detected for some time, the period starts from the discovery date of your injuries from the accident. There are exceptions to the deadline. For example:
- The injured is still underage
- The injured is mentally challenged
- The negligent party took off and left the state
To apply for free, call (877) 735-0016
Your Lawsuit and Legal Funding
With an ongoing personal injury case, you become eligible for lawsuit loans. However, if you have the finances to cover your expenses, legal, and medical fees, then applying for a Cambridge lawsuit loan is unnecessary.
Lawsuits typically take months to years before they are settled. Some are left in dire need of financial assistance while their cases are in court and pending decisions. Thus, the settlement loans. If you find yourself in the same situation, file for pre settlement loans and free yourself from financial constraints.
Insurance companies often drag the case and force victims to settle for less. You accept the offer due to the mounting expenses and bills to pay. But with the settlement loan money, you won’t be desperate to settle for less.
Furthermore, you can use the lawsuit loans to build a stronger case and negotiate for the best compensation.
Settlement Loans Regulations
Despite the government putting laws and regulations to protect the borrowers, lawsuit loans are different. The legal procedures surrounding presettlement funding are different. Therefore, it doesn’t have the same regulations.
Settlement loans are not subject to Massachusetts’s lending laws. It’s necessary to check in with your lawyer and ask about the state’s lending laws before you decide whether a pre settlement loan is for you.
When Choosing a Lawsuit Funding Firm
Even without regulations, you can still protect yourself by applying to reputable pre settlement funding providers. Here are things to consider when choosing your legal funding firm of choice.
A pre-settlement funding provider that’s been around for years will have more experience handling different kinds of personal injury cases. They often have the quicker and most streamlined application to ensure a smooth pre settlement funding process.
Always check the interest rate and other charges when looking for a legal funding firm. Choose a lawsuit funding provider with the lowest interest rate (1% to 3% per month). Also, pick a settlement loan firm that offers non-compounding interest.
Other settlement funding firms hide their additional charges in lengthy contracts. Therefore, it’s best to check in with your lawyer. He can help ensure that the settlement loan contract clearly stipulates the interest rate and is free of hidden fees.
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Choose High Rise Financial for Lawsuit Loans
High Rise Financial is a top-choice settlement loans provider in Cambridge, Massachusetts. We offer pre settlement funding to help victims get the best settlement.
Apply for a settlement loan today. Fill out the online form for a lawsuit loan, and our team will take it from there. Expect your lawsuit loan money in cash or via check within 24 hours.