Risk-Free Pre Settlement Loans in Babylon, New York
Even before the pandemic, we already lived in challenging times. So much is happening every day that accidents are common occurrences. It wasn’t surprising to hear about the increase in personal injury cases in the state. Hence, the rise of lawsuit loans as well.
Personal Injury Verdicts in New York
There are several kinds of personal injury cases. However, regardless of the accidents, the result is the same. Victims suffer specific injuries that may or may not lead them unable to continue working and earning money.
The state protects its citizens by allowing victims to file claims and get the compensation they deserve. By far, the largest settlement recorded in the state amounted to$85 millionawarded to a victim of a pedestrian accident.
Unfortunately, not everyone has the finances to file their lawsuit right away. They fear the legal fees and other bills with an ongoing personal injury case. If you are one of them, this is no time to worry. You have the lawsuit funding option to lean into.
Understanding Lawsuit Loans
A lawsuit loan is acash advance taken from a future court payment. It’s a quick solution to address the financial burdens as the borrower can use the money without restrictions. Lawsuit funding firms offer settlement loans for the following:
- people with ongoing personal injury suits,
- those with civil rights discrimination suits;
- or heirs waiting for settlements.
Pre settlement funding is different from your typical personal bank loan. Lenders evaluate the borrower’s credit and employment history or ask for collateral before approving the loan. On the other hand, settlement funding firms don’t need credit checks and collateral since the loan is based on the strength and validity of the case.
As a result, the process is much quicker.
The Pre Settlement Loan Process
High Rise Financial is one of the leading pre-settlement funding firm providers in New York, with other offices scattered throughout the country. We know that time is your ally, so we ensure that our process is seamless and efficient. Furthermore, we are straightforward with our fees and interest rates.
If you are looking for a legal funding provider with experience and an impeccable reputation, you are in the right direction. Just follow these steps to get your settlement loan in no time.
Apply for lawsuit loans
Fill up the online application for settlement loans or call us over the phone, and our team will arrange it for you.
Our legal funding specialists evaluate your case and call your lawyer for the necessary information about the case. Once the case file is sent and reviewed, we determine a pre-settlement funding amount and notify you of the decision within the next 24 hours.
Receive your settlement loan
Sign the lawsuit loan agreement with your lawyer present and receive the pre settlement funding within hours. You are free to spend the settlement loan without limit. Often, plaintiffs use it for their medical bills, daily living expenses, mortgage/rent, or to cover the initial cost of their lawsuits.
Pre Settlement Funding Repayment
For traditional bank loans, the lender assumes ownership of the collateral if the debt isn’t paid. For lawsuit loans, the settlement loan provider assumes nothing. Furthermore, there’s no monthly payment arrangement for settlement loans.
Lawsuit loans are paid when the case is settled and won. However, if the court doesn’t favor your case, you’re not obligated to pay for the legal funding. The provider takes risks here.
Are you ready to check out our legal financing and lawsuit loan options for you? Call us today and know if you qualify.