Legal Funding in Rochester
Nobody expects to be involved in a protracted and expensive court battle. But the fact is that for getting justice, individuals must sometimes appeal to court, which can take several months or years. It can swiftly deplete your savings, leaving you unable to fulfill your financial responsibilities.
A lawsuit loan in Rochester might assist you in getting through these tough times. By basically borrowing against your future payout, our lawsuit loans can enable you to cover your medical expenditures, legal fees and daily expenses. To get started, all you have to do is call us at (866) 407-6404 or fill out our lawsuit loan application form online.
What is Legal Funding and How Does it Differ From Other Types of Loans?
Legal funding also known as lawsuit loans or pre settlement loans is not the same as a credit card or bank loan. A settlement loan is designed exclusively for individuals who need funds to begin or continue a lawsuit. Following are a few more significant differences between settlement loans and other loans:
No Credit History Necessary
When you take a private bank loan, they require your financial background details. It’s because such loans are based on your capacity to repay them with your current salary.
We do not look at your credit score or credit history because we calculate the presettlement funding amount on the basis of the expected monetary compensation you can receive in your case. A cash advance is another analogy for lawsuit funding; you are taking money from the compensation you’ll get if you win your lawsuit.
Our Presettlement Funding is Completely Risk-Free
You are accepting a risk when you apply for a bank loan. After you receive a bank loan, you generally have a time limit before you’ve to begin repaying the amount. If you don’t pay back the loan on time, they might confiscate your property or withhold your salary.
Our Rochester lawsuit loans are a risk-free lawsuit funding choice. You have to repay us after the settlement of your lawsuit. And that is why we don’t have a time limit for payment. Even if you don’t win, you get to keep all the settlement funding amount.
Lawsuit Loan Regulations in Rochester
In Rochester, settlement funding is mostly regulated under Minnesota COMPARATIVE FAULT LAW. High Rise Financial provides settlement loans throughout the United States, following all state and federal regulations. We provide fully licensed lawsuit loans and follow best practices. Rochester’s modified comparative fault law is one such regulation that might influence your capacity to obtain compensation (and hence a settlement loan).
The Law states that,
“Defendant’s liability will be reduced in proportion to the plaintiff’s fault, as long as the plaintiff’s fault is less than the defendant’s fault. If the plaintiff is 50% at fault, and there are multiple defendants, each less than 50% liable, the plaintiff is barred from recovery.”
Is Getting a Lawsuit Loan in Rochester Easy?
The settlement loan application procedure is simple, better, and completely free. We require the following information from our applicants while applying for a lawsuit loan:
- Contact details for your attorney.
- What legal category does your present or future lawsuit falls under?
- The estimated worth of your lawsuit (i.e., the amount of money you’re likely to get).
- How long do you think your lawsuit will last?
We’ll contact you and your attorney once you’ve completed our settlement loans application. We would like to ensure we know your position and can provide you with a settlement loan amount that fulfills your needs.
Contact Our Pre Settlement Funding Representative Right Now!
High Rise Financial can assist you if you are anticipating a settlement and are in need of funds right away. Pre settlement funding is available to customers throughout the country, including Rochester. If you settle or win your lawsuit, you will be taking home a considerable percentage of your compensation because our legal funding has no hidden costs and fixed interest rates.
Please contact us right away to learn more about our lawsuit loans, how we could assist you and what we can offer you. Our pre settlement funding might change your life by providing you with the financial strength you need to have in these difficult times to continue your case. Please contact us as soon as possible. We will do our best to help you in obtaining the justice that you deserve through our settlement loans.