Michigan Legal Funding
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Stay afloat with cash through pre-settlement legal funding.
Consumer legal funding is not a loan since if you lose your case, you don’t have to pay it back. When you are involved in an auto accident caused by another person’s wrongful actions, you may need to hire an attorney to help you recover damages. However, there are several challenges involved in filing a personal injury lawsuit, including paying for everyday expenses while you await a settlement.
If you are experiencing financial adversity while trying to recover your injury claims, you may need to apply for a settlement loan in Michigan. High Rise Financial is committed to helping personal injury victims who need legal funding to maintain financial stability. We offer affordable pre-settlement funding and risk-free Michigan legal funding.
You can use the settlement loan or cash advance to:
- Pay bills
- Buy food and groceries
- Cover medical expenses, rent, and other debts
By applying for our pre-settlement loans in Michigan, you can get the legal funding you need.
In This Article
- Common Types of Accidents that May Warrant Legal Funding in Michigan
- Damages You Can Recover in a Michigan Injury Case
- What Makes Our Settlement Loans Different from Traditional Lawsuit Loans?
- Fault Laws in Michigan
- When to Contact High Rise Financial for Legal Funding in Michigan
- Personal Injury Claims Have a Statute of Limitations
- How to Qualify for Pre-Settlement Loans in Michigan
- Spending Your Michigan Legal Funding
- Paying Back Your Legal Funding in Michigan
- Choose High Rise Financial for Your Settlement Loans
Common Types of Accidents that May Warrant Legal Funding in Michigan
You may be unsure whether you are eligible for Michigan legal funding. However, there are a variety of types of accidents, incidents, and events that may warrant the pursuit of pre-settlement funding. Some of the more common types of personal injury lawsuits we have provided legal funding for include:
- Car accident lawsuits
- Motorcycle accident lawsuits
- Commercial truck accident lawsuits
- Slip and fall accidents
- Medical malpractice claims
- Defective product lawsuits
- On-the-job injuries
Personal injury claims are not the only instance in which you might be eligible for legal funding in Michigan. If you are dealing with a number of other types of lawsuits, you may also qualify. Some of the different types of lawsuits High Rise Financial has provided legal funding for include:
- Qui Tam lawsuits
- Whistleblower lawsuit
- Wrongful imprisonment claims
- Labor law violations
- Employment disputes
- Sexual harassment lawsuits
If you are unsure whether you qualify for legal funding in Michigan, be sure to contact us today to find out whether you can obtain the pre-settlement funding you need, when you need it most.
Damages You Can Recover in a Michigan Injury Case
When filing a personal injury claim or another type of civil lawsuit, you have the right to recover a variety of damages. Under the law, you have the right to be made whole. You should be able to recoup compensation for every single way your life has been affected by your injuries.
In a personal injury or civil claim, you have the right to seek compensation for both economic damages and non-economic damages. Economic damages constitute our financial losses, while non-economic damages describe your emotional, physical, and psychological damages. Some examples of the various losses you could be awarded compensation for include:
- Physical pain and suffering
- Diminished quality of life
- Loss of consortium
- Emotional distress and mental anguish
- Loss of household services
- Skin scarring and disfigurement
- Loss of income
- Loss of future potential earnings
- Current and future medical expenses
- Current and future medical equipment fees
- Costs of increased insurance premiums
- Property damages
However, while you wait for your personal injury claim, civil lawsuit, or insurance settlement to be resolved, you could be stuck dealing with considerable financial distress. Through pre-settlement funding, you may be able to access the compensation that is rightfully yours before your case is finalized. Find out what options are available to you when you contact High Rise Financial today.
What Makes Our Settlement Loans Different from Traditional Lawsuit Loans?
Here is why our pre-settlement funding is different from other traditional lawsuit loans:
- Our pre-settlement loans in Michigan are non-recourse. You will only pay back if you win your lawsuit.
- You will be eligible for the settlement loan based on merit. We do not perform a credit check or income verification.
- You will get your cash advance within 24 hours once your Michigan lawsuit funding application has been approved.
Fault Laws in Michigan
Michigan operates using the modified comparative fault principle. Under the system, you can recover damages if you were less than 50% liable for the accident. Your compensation will also be reduced in proportion to your percentage of liability.
For example, if the judge found you 5% responsible for causing your injuries or the accident that you were involved in, your injury settlement would then be reduced by 5%. If you were previously awarded $500,000 in your civil claim, this award would be reduced by 5%, leaving you with a final injury settlement of $475,000.
Michigan thought laws could have a substantial impact on the outcome of your case. Your personal injury lawyer will work closely with our loan specialists to determine how much you should be awarded in Michigan legal funding with these critical details in mind.
When to Contact High Rise Financial for Legal Funding in Michigan
You may not be sure whether now is a good time to contact High Rise Financial for help. After all, the last thing you need is to get into further debt and struggle financially if your personal injury claim does not come through.
However, since Michigan legal funding is non-recourse, you do not have to worry about being required to pay back your pre-settlement funding if your insurance or civil claim compensation does not pay out. You do not have to worry about High Rise Financial attempting to seek recovery of this compensation or a non-payment accusation showing up on your credit report.
There is no risk in contacting our office to find out whether you qualify for legal funding and what to expect from the process. Once you have a thorough understanding of how lawsuit loans work, you can then decide whether obtaining legal funding in Michigan is a good fit for you and your family.
Personal Injury Claims Have a Statute of Limitations
Under Michigan laws, the statute of limitations for a personal injury lawsuit is three years from the date the accident occurred. For this reason, it is essential that you get a personal injury lawyer working on your case as soon as possible.
If the statute of limitations expires and your lawsuit has not been filed, you will no longer have a right to have your keys hurt in civil court. If this happens, your ability to obtain pre-settlement funding could be limited. You can avoid these types of hassles by contacting our office and a personal injury attorney in a timely manner so we can begin working on your case as soon as today.
How to Qualify for Pre-Settlement Loans in Michigan
The application process for the pre-settlement funding in Michigan and other legal funding offered by High Rise Financial is very transparent and straightforward.
Here are the steps involved:
- Visit our website to fill out the application form.
- Provide necessary information about your lawsuit.
- Provide your lawyer’s contact details.
Our trusted legal funding experts will contact your attorney to discuss your prospects of winning the lawsuit and how much compensation you’re likely to recover.
Receive your cash advance in as little as 24 hours once your application for a pre-settlement loan in Michigan is approved.
Spending Your Michigan Legal Funding
Many people have concerns that their ability to spend their pre-settlement funding will be limited. However, you have the right to use your legal funding in Michigan as needed. Whether you need to cover credit card debt, groceries, utility bills, entertainment fees, clothing, or other essentials, your money is yours to use as you need it.
There is no limitation on what you can spend your legal funding on, just as there would be no limitations on the compensation you would be awarded through your personal injury, civil, or insurance claim.
Paying Back Your Legal Funding in Michigan
When you have been approved for pre-settlement funding in Michigan, you will not need to worry about paying back your lawsuit loan unless or until your attorney wins your personal injury, insurance, or civil claim. If your case is not successful, you will not need to worry about paying back your lawsuit loan at all.
If your case is successful, the legal funding you were approved for can be easily deducted from your injury settlement so you do not need to worry about paying further debts after your case has been resolved.
Choose High Rise Financial for Your Settlement Loans
High Rise Financial offers lawsuit funding to accident victims who need financial stability. Contact us today at High Rise Financial to learn more about our legal funding in Michigan and get started on your pre-settlement loan application.
We offer services to the following MI cities and more: