New York Legal Funding
No Credit Check
No Job Required
Apply in Seconds for FREE!
Stay afloat with cash through pre-settlement legal funding.
New York’s busy streets don’t stop for anyone and can lead to injuries, whether you’re driving or walking across the crosswalk. When a traffic accident results in hospitalization or emergency room visits, the financial consequences can be overwhelming. A lawsuit loan in New York may come in handy during these uncertain times.
Affordable pre-settlement funding is available to assist you if you’ve been in an accident in New York and need to pay expenses. We aim to help injury victims meet their primary needs after an accident. In addition, pre-settlement funding can help take some of the stress away by relieving your financial worries.
New York Statute of Limitations
Before qualifying for New York legal funds, you need to have a lawsuit filed. 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 date the accident occurred to file 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. 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 end up being $25,000 and you were 30% responsible for the accident, you would receive $17,500.
Qualifying for Lawsuit Loans 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.
You don’t have to worry about a credit check, your personal finance history, or even your employment status. We don’t require these to qualify for a lawsuit loan because it’s a non-recourse loan which means 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. 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 – learn more about car accident loans
- Medical malpractice
- Defective devices
- Nursing home negligence
- Workplace injuries
- Construction accidents
- Dog attacks
- Jones Act violations
Car accidents are among the most common claims our clients file to receive lawsuit loans. 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.
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 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 for you.
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 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.
The Amount of Pre-Settlement Funding You Can Get
Lawsuit loans may be able to provide you with up to 20% of your expected settlement within 48 hours or less, depending on your case’s approval. By having a portion of your settlement, you can 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, such as 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 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.
Get Legal Funding in New York Today
If you or a family member needs a lawsuit loan 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. In addition, we can provide you with risk-free pre-settlement funding while pursuing your injury claims.