Even before the pandemic, we already lived in challenging times. So much is happening every day that accidents are common occurrences. It is not surprising to hear about the increase in personal injury cases in the state.
Hence, there has been a rise in lawsuit loans, as well. Applying for a Babylon lawsuit loan can help you get immediate funds before your case settles. This way, you do not need to continue to struggle to make ends meet.
New York legal funding could be the solution to your money troubles. You can get the financial support you need when you need it most. Contact our loan specialists at High Rise Financial today to learn more about the Babylon lawsuit loan eligibility requirements, how much we can authorize and legal funding, and what you expect from the application process.
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 make them unable to continue working and earning money.
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, as you have the option to choose lawsuit funding.
To apply for free, call (877) 735-0016
The Value of Your Babylon Lawsuit or Insurance Settlement
The value of your Babylon personal injury or civil claim directly influences how much we can authorize and pre-settlement legal funding. You must expect a settlement to qualify for a lawsuit loan, but how much you could be awarded will vary based on a number of factors. These include insurance coverage, policy limits, the value of your damages, and the statute of limitations.
Some examples of recoverable damages in Babylon injury claims and civil lawsuits include:
- Pain and suffering
- Diminished quality of life
- Loss of future potential earnings
- Medical expenses
- Emotional distress
- Disfigurement and skin scarring
- Loss of household services
- Loss of consortium
- Psychological trauma
- Loss of enjoyment of life
- Permanent disability
You have the right to be fully reimbursed for your damages when you bring your personal injury case to trial. In many cases, we can award up to 20% of your anticipated payout. However, High Rise Financial has also awarded up to $1 million in pre-settlement legal funding.
Babylon Pre-Settlement Funding Lawyer Near Me (877) 735-0016
Understanding Lawsuit Loans
A Babylon lawsuit loan is a cash advance taken from a future court payment. It is 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:
- Personal injury claim
- Civil rights discrimination lawsuits
- Inheritance
- Car accident lawsuits
- Slip and fall claims
- Whistleblower lawsuits
- Employment law violations
- Medical malpractice
- Motorcycle accidents
- Commercial truck accidents
- Wrongful death settlements
If you are dealing with any type of civil matter where a settlement is expected, you may be eligible for lawsuit loans in Babylon. You must also be at least 18 years old and have a legal advocate working on your case to qualify. We will need to verify your anticipated award with your attorney before we can issue your pre-settlement legal funds.
Personal Loan or Pre-Settlement Funding?
Pre-settlement funding is different from your typical personal bank loan, where lenders evaluate the borrower’s credit and employment history or ask for collateral before approving the loan. On the other hand, settlement funding firms do not 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.
Complete a Free Application form now
The settlement loans 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 our process is seamless and efficient. Furthermore, we are straightforward with our fees and interest rates.
Are you looking for a legal funding provider with experience and an impeccable reputation? You came to the right place. Just follow these steps to get your settlement loan in no time.
Apply for Lawsuit Loans
Fill out the online application for settlement loans. Or, call us by phone. Our team will arrange it for you.
Case Evaluation
Our legal funding specialists evaluate your case. We will call your lawyer for the necessary information. Once the case file is sent and reviewed, we determine a pre-settlement funding amount and notify you of the decision within 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. Plaintiffs often use it for their medical bills, daily living expenses, mortgage, rent, or to cover the initial cost of their lawsuits.
Paying Back Your Non-Recourse Loan
One of the types of benefits of pre-settlement legal funding is the ability to pay back your lawsuit loan money when your settlement comes in. If your settlement does not come in because your attorney loses your case, you can relax. We will never send your account to a debt collector or require you to pay back your legal funds if your attorney does not win your case.
You have been through enough without having to worry about additional financial distress. Repayment of your loan is contingent upon winning your case, so if your lawsuit is ultimately unsuccessful, you will not need to worry about how you will pay back your pre-settlement loan. Without the threat of wage garnishment, you can start to focus on rebuilding your life, even if your civil claim is not as successful as you had hoped.
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 is no monthly payment arrangement for settlement loans.
Lawsuit loans are paid when the case is settled and won. However, if the court does not favor your case, you are 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? Call us today and find out if you qualify. You can reach us through our confidential contact form or by phone to get started as soon as today.
Call or text (877) 735-0016 or fill out our form to apply today for free.