If you were seriously injured in an accident and filed a personal injury claim, you may have a medical lien for the care provided by your doctor(s) and the hospital. A medical lien is a bill you pay back once your settlement eventually comes in.
Conversely, pre-settlement funding is a kind of cash advance in that you take out money now from what you expect to gain later in your settlement. Unlike a credit card cash advance, though, there’s no interest and you don’t have to make monthly payments.
Our goal at High Rise Financial is to help personal injury plaintiffs like you easily understand the options available to you.
A medical lien is a legal financial claim against your eventual settlement in a personal injury case. If you have mountains of unpaid medical bills from your trip to the emergency room right after your accident, the hospital may file a medical lien if you fail to pay the bills.
For continuing medical care, your lawyer may suggest working with a medical lien-based doctor or hospital, especially if you don’t have insurance. He or she may also want to work with one of these doctors to get a thorough medical evaluation to use in your claim. A medical lien-based doctor or medical team can give you the care you need without you having to pay upfront.
High Rise Financial has a network of highly-qualified doctors, surgeons, and medical facilities who treat personal injury plaintiffs on lien. The quality of care you receive will not be impacted by the lien.
These medical providers agree to treat you as needed now and to get paid when you win your case. High Rise Financial provides funding for these hospitals and surgical centers and funds doctors a discounted rate upfront. When you win your case, the doctors and other providers get paid directly out of your settlement, and High Rise Financial gets repaid the money we provided for your care.
Pre-Settlement Legal Funding
While the medical lien is all about getting you the medical care you need, pre-settlement legal funding is about helping you make ends meet while your case is ongoing.
As long as you have filed a claim and you have a lawyer representing you, you are eligible to apply for legal funding with High Rise Financial. Pre-settlement legal funding is not tied to your creditworthiness. Instead, it is directly related to your eventual settlement or court award. This means you can receive pre-settlement legal funding even if you are unemployed and have maxed out your credit card(s).
How Approval Works
If you have a strong case, your chances of being approved are very good. The amount of legal funding you may receive will be based on the specifics of your case, which can include:
- When, where, and how you were injured
- The severity of your injuries
- Your associated medical expenses
- Your property damages
- Who the defendant is
- If you can claim punitive damages in court
For pre-settlement legal funding, you may know in as little as an hour if you’ve been approved.
The amount you receive will depend on the above factors and could range anywhere from $500 to $250,000. If you are approved, we would present you with a written offer that details our terms, including:
- NO interest
- NO monthly payments
- How to repay us
If you and your lawyer agree to the terms, you sign the contract and we transfer the funds to your bank account within 24-48 hours. Those funds are then yours to use as you see fit.
If You Win Your Case
If you win your case, then everyone gets paid what they are owed. Your lawyer will receive funds from the other side. They will then disburse funds for several purposes, including:
- Repaying High Rise Financial for any legal funding you received (plus our fee)
- Paying off your medical lien(s), if applicable
- Paying their legal fees and costs associated with your case
Once all of these payments are made, the remaining settlement funds go to you.
If You Lose Your Case
While most of our clients win their cases, if you lose your case, you are still protected. You do not have to pay the medical lien, nor do you have to pay us back for the legal funding you received.
This is because High Rise Financial and the doctor(s) assumed the risk. We believed you had a strong case and would win. Even if you still have legal funding left over, the money is yours to keep. Note that you are still responsible for paying medical bills not related to a medical lien.
We Offer Pre-Settlement Legal Funding and Help with Medical Lien-Based Care
At High Rise Financial, we work with personal injury plaintiffs and their lawyers to help ensure you get the medical care you need and have the funds you need to make ends meet while you wait for your case to settle.
To apply, just fill out the form on the appropriate page. One of our team members will be in touch shortly. As always, if you have any questions, we are happy to help. Start a Chat, or call our office at (866) 407-6404.