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Stay afloat with cash through pre-settlement legal funding.
New York’s busy streets don’t stop for anyone and can lead to injuries regardless if you are driving or walking across the crosswalk. The financial consequences can be overwhelming when a traffic accident results in hospitalization or emergency room visits. A lawsuit loan in New York may come in handy during these uncertain times.
Affordable pre-settlement funding is available if you’ve been in an accident in New York and must pay expenses. We aim to help injury victims meet their primary needs after an accident. In addition, New York legal funding can help relieve some of the stress by relieving your financial worries.
Speak with the New York lawsuit funding experts from High Rise Financial about your situation today.
In This Article
- New York Statute of Limitations
- New York’s No-Fault Law and How It Affects Your Case
- Qualifying for Lawsuit Loans in New York
- The Types of Cases We Fund
- How Our Lawsuit Loans in New York Work
- Benefits of Pre-Settlement Funding
- The Amount of Pre-Settlement Funding You Can Get
- What You Can Use Lawsuit Loans For
- Why Choose High Rise Financial for Legal Funding in New York
- Get Legal Funding in New York Today
New York Statute of Limitations
Before qualifying for New York legal funds, you must file a lawsuit. It’s best not to wait too long to file your claim. In New York, the personal injury statute of limitations gives a claimant up to three years from the accident to file an action against the at-fault party.
If you file your claim after this time, even if the defending party was responsible for your damages, it’s unlikely that a court will hear your case. To obtain the maximum benefits, you should file your claim within 30 days of the accident.
New York’s No-Fault Law and How It Affects Your Case
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 who was at fault. As a result, insurance companies often cover lost income, medical bills, and any medications you may need.
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. However, the total damages will be reduced by their fault percentage.
So if your damages ended up being $25,000 and you were 30% responsible for the accident, you would receive $17,500.
Qualifying for Lawsuit Loans in New York
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.
You don’t have to worry about a credit check, personal finance history, or employment status. We don’t require these to qualify for a lawsuit loan because it’s a non-recourse loan, so you won’t be tied to making monthly payments. Therefore, this eliminates the need to check any part of your financial background.
The Types of Cases We Fund
Personal injuries happen in various ways, and each type of case can take a long time to resolve. No certain type of lawsuit 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 – learn more about car accident loans
- Medical malpractice
- Defective devices
- Nursing home negligence
- Workplace injuries
- Construction accidents
- Dog attacks
- Jones Act violations
How Our Lawsuit Loans in New York Work
We make getting your pre-settlement funding easy and stress-free. You can apply on our website or call one of our specialists to start the process. We have specialists who speak English and Spanish.
Then, our specialists will connect with your attorney to determine your chances of winning the lawsuit and the number of damages you’re likely to recover. After that, you and your attorney will sign an agreement, and you will get your cash advance. Our quick and easy process makes our pre-settlement funds your ideal lawsuit loan.
Call the NY legal funding team at High Rise Financial today to discuss your situation.
Benefits of Pre-Settlement Funding
If you’re waiting on a settlement, it could be months or even years until you see the money from it. Unfortunately, defendants often try to drag out the settlement process for as long as possible in the hopes that the plaintiff will accept a lower compensation. Since many plaintiffs suffered a loss of income due to the defendant’s actions, these pressure tactics often work.
Plaintiffs with strong cases 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.
Many injury victims wonder what will happen if their attorney does not win their civil claim or personal injury lawsuit. After all, when you are already struggling financially if you take out a loan, you may not be able to repay it. Thankfully, pre-settlement funding is not like traditional loans.
If your lawyer does not win your case, you will not be expected to pay back your New York legal funds.
The Amount of Pre-Settlement Funding You Can Get
Lawsuit loans may provide up to 20% of your expected settlement within 48 hours or less, depending on your case’s approval. Having a portion of your settlement can make you feel confident in your case and pay any necessary bills.
Your pre-settlement funding portion may range from 10 to 20% depending on the following factors:
- Strength of evidence and chances of winning compensation
- How much the defendant can pay
- Your total economic loss (lost income, medical and medication costs)
- Non-economic damages like emotional trauma, pain, and suffering
- Estimated punitive damages
What You Can Use Lawsuit Loans For
Our lawsuit loans can help pay bills and monthly expenses like food, healthcare, car payments, and other needs. There are no restrictions on what you can spend it on, so the money is yours to spend as you need.
Our pre-settlement funding in New York is risk-free. It can offer you immediate legal funding while pursuing your injury claims or lawsuit. Stop paying for medical expenses, repairs, and other expenses for your accident out of your pocket when legal funding is available from High Rise Financial.
Why Choose High Rise Financial for Legal Funding in New York
You may have encountered many legal funding companies offering lawsuit loans in New York. This may lead you to wonder what makes High Rise Financial different and why you should choose our company for legal funding. The answer to this question is quite simple.
High Rise Financial is a business known for helping people like you get the money they need to minimize their stress and worries while going through the legal process. Our team’s priority is to help personal injury victims cover their costs and expenses during difficult times. We know and understand that lawsuits and settlements take time from start to finish, and most of the time, these cases cannot be rushed.
Therefore, if you face financial issues while you wait, we want you to know that you can depend on us to help you through the lengthy proceedings. When you feel hopeless, apply for a lawsuit loan with High Rise Financial today for assistance. Our turnaround times are fast, our rates are affordable, and we are committed to offering practical legal funding options to every eligible client.
Our team is aware that each person’s case and circumstances are different, so we can help you find the best legal funding service personalized to fit your needs.
Get Legal Funding in New York Today
If you or a family member needs a lawsuit loan in New York, contact High Rise Financial for 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. In addition, we can provide you with risk-free pre-settlement funding while pursuing your injury claims.
Be sure to call us as soon as possible after suffering an injury so you are not forced to pay for expenses out of your pocket. We offer services in the following NY cities and more:
Frequently Asked Questions
