New York Legal Funding
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Stay afloat with cash through pre-settlement legal funding.
According to the NY Health Department, there were 106,612 emergency room visits each year on average due to motor vehicle traffic-related injuries among passengers between 2012 and 2014. When a traffic accident results in hospitalization or emergency room visits, the financial consequences can be overwhelming.
Affordable lawsuit loan alternatives and other pre-settlement funding options are available to assist accident victims who need legal funding in New York. We aim to help injury victims meet their primary needs after an accident without applying for lawsuit loans.
How Our Lawsuit Loan Alternative Works
Getting our settlement loans is hassle-free. You can start by notifying us about your willingness to get a lawsuit loan alternative. Our specialists will connect with your attorney to determine your chances of winning the lawsuit and the amount of damages you’re likely to recover.
After that, you and your attorney will sign an agreement, and you will get your cash advance. With our quick and easy process, our pre-settlement funds are the ideal lawsuit loan alternative for you.
Qualifying for Pre-Settlement Funding in New York
In order to qualify for pre-settlement funding in New York, the following conditions must apply to your case:
- You must have an injury claim.
- You must have suffered an injury due to a traffic collision.
- You must be a New York resident or have a pending lawsuit in the state.
What You Can Use the Pre-Settlement Funding For
Our lawsuit loan alternatives can be used to pay bills and monthly expenses, such as food, healthcare, car payments, and other needs. The money is yours to spend as you need.
Our pre-settlement funding in New York is risk-free and can offer you the immediate legal funding you need while pursuing your injury claims or lawsuit. Even if you lose your lawsuit, you don’t need to pay back our pre-settlement loans.
The Types of Cases We Fund
Personal injuries happen in a variety of ways, and each type of case can take a long time to resolve. There’s no certain type of lawsuit that will give you a better chance of getting funding. We offer pre-settlement funding for a wide variety of cases, including:
- Car, truck, and pedestrian accidents
- Medical malpractice
- Defective devices
- Nursing home negligence
- Workplace injuries
- Construction accidents
- Dog attacks
- Jones Act violations
New York Fault Laws
New York is a “no-fault” state, which means the injured victims in a traffic collision will turn to their insurer to make injury claims, regardless of the at-fault party.
New York also uses the “pure comparative negligence” principle. Under the rule, an accident victim in New York will be allowed to seek financial compensation even if they were 99% responsible for the crash. Though, the total damages will be reduced by their fault percentage.
New York Statute of Limitations
Before qualifying for New York legal funds, you need to have a lawsuit filed. You don’t want to wait too long. In New York, the personal injury statute of limitations gives a claimant up to three years from the date of the accident to commence an action against the at-fault party.
If you file your claim after this time, even if the defending party was clearly responsible for your damages, it’s unlikely that a court will hear your case.
Why Should You Get Pre-Settlement Funding?
If you’re waiting on a settlement, it could be months or even years until you see the money from it. Defendants often try to drag out the settlement process for as long as possible in the hopes that the plaintiff will accept a lower amount of compensation. Since many plaintiffs suffered a loss of income due to the actions of the defendant, these pressure tactics often work.
Plaintiffs who have a strong case are especially vulnerable and usually can’t hold out against a defendant with deep pockets. Pre-settlement legal funding allows plaintiffs with strong cases to get their settlement money now instead of waiting. Even better, it’s entirely risk-free. If you don’t win your settlement, you don’t have to pay anything back.
Get a Lawsuit Loan Alternative in New York Today!
If you or a family member needs a lawsuit loan alternative in New York, contact High Rise Financial to schedule a one-on-one consultation. Our trusted lawsuit funding experts will be available to speak with you and help you understand your NY legal funding options. We can provide you with risk-free pre-settlement funding while pursuing your injury claims.