When you get into a car accident, it may be a while until you get your settlement. During this time, you may find it difficult to pay essential bills. That’s where New York City car accident loans can help.
Our team at High Rise Financial can help you get the legal funding you need so you don’t have to be stressed about the net bill coming. When you work with us, you can be confident that we’ll do everything possible to help you get the legal funding you need. Our car accident attorneys in New York City, NY, can answer all of your questions about car accident loans. Call High Rise Financial today for more information.
In This Article
- Understanding Litigation Financing for Car Accidents
- Qualifying for Car Accident Legal Funding in New York
- Ways to Use Pre-Settlement Funding
- Interest Accumulation on Pre-Settlement Funding
- How Much Money You Could Get from a Car Crash Lawsuit in New York
- Apply for Car Accident Pre-Settlement Funding in New York
Understanding Litigation Financing for Car Accidents
Car accident litigation financing is money you can receive in cash based on the potential settlement you may receive if you win your case. After a car accident, you may have piles of bills you need to pay but no way to pay them.
Also known as legal funding, litigation financing can help you cover these expenses while you fight for the maximum settlement. If you’re looking for a way to pay your bills, legal funding can help.
Qualifying for Car Accident Legal Funding in New York
To start the application process, you can apply for legal funding via a phone call or our online form. There is no fee to pay to apply, so you don’t have to worry about spending additional money. In most cases, people receive their legal funding within 24 hours. To qualify for legal financing, you should speak to car accident lawyers in New York City, NY, and you must meet the following conditions:
- You must have an injury claim.
- Your injury must be a result of a car crash.
- You must be a resident of the state where you apply for legal funding.
One of the many advantages of legal funding is that we never require a credit check or proof of employment. So regardless of your situation, as long as you meet the requirements mentioned above, you can apply for legal funding in New York.
Ways to Use Pre-Settlement Funding
When you receive your New York legal funding, you can use it for any expenses you need. There are no restrictions on how you can use your legal funding. Litigation financing is one of the few forms of financial help that doesn’t have a catch.
One of the most common things car accident victims use their legal funding for is to pay off their medical bills. If you’re waiting for your settlement from your lawsuit, you may have medical bills piling up. You can pay off your hospital bills to focus on recovering from your injuries while you wait for your settlement.
Another way you can use your money is to pay for everyday living expenses. As a New York resident, you’re likely aware that rent in the state isn’t cheap. Having access to legal financing means you don’t have to worry about not having enough money to pay for your apartment or home.
You can also use your funds for other expenses like your mortgage, phone bill, or groceries. When you receive your legal funding, the money is yours to use for anything you need. If you have any questions about what you can use your legal financing for, our team will be happy to help. Our car accident lawyers are here to assist you throughout the recovery process.
Interest Accumulation on Pre-Settlement Funding
We will never charge you any interest on your legal financing. Instead, we will deduct a one-time, flat-rate fee from your settlement if you win your case. When you are approved for legal financing, our team will provide you and your lawyer with an agreement that explains what this fee will be used for and any other important information.
You and your attorney must sign the agreement to receive the legal funding. If neither of you sign, we cannot approve you for legal financing at High Rise Financial. Make sure you have a clear understanding of the legal funding process, so you are able to pay for legal representation without dipping into your own pocket. If you have questions, High Rise Financial has the answers. Call us today for more information.
How Much Money You Could Get from a Car Crash Lawsuit in New York
The amount of money you can receive in New York for your car accident lawsuit depends on key factors. If the other party was responsible for the car accident, your settlement would depend on the following factors:
- The amount of damages you receive
- The level of your fault and the other party in the accident
- Your state’s car accident liability and damages laws
- The level of insurance coverage the other party has
If the at-fault driver doesn’t have a lot of insurance coverage or they can prove that you are partly negligent, you may receive a smaller settlement than you expected. When you have an experienced lawyer, they can help you obtain the proper evidence and negotiate with the insurance company to get you the highest settlement possible. When you have questions about compensation for injuries, speak to our car accident lawyers about your case.
Apply for Car Accident Pre-Settlement Funding in New York
If you’re still waiting to receive your settlement, our experts at High Rise Financial are available and ready to help you receive the pre-settlement funding you need. We’re dedicated to helping you recover from your injuries while waiting for your settlement by providing you with the money you need through our New York City car accident loans.
We’ll provide you with all the information you need to submit your free application. If you’re ready to get the funds, call us or fill out the contact form on our website. The sooner you speak with car accident lawyers in New York City, NY, the sooner you can receive the funding you need to recover from injuries caused by car accidents.