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Applying for a lawsuit loan in Hempstead can help you get immediate funds before your case settles. Call us today to get settlement funding in New York. Justice delayed is justice denied, so the legal process ensures justice is served swiftly.
Unfortunately, defense attorneys and insurance companies drag cases to lengthen the process. The goal is to leverage the plaintiffs’ piling up bills, expenses, and other financial expenses. As a result, victims are pushed to accept a lowball offer of compensation. That’s why New York legal funding companies in Hempstead, like High Rise Financial, are so important. These firms offer pre-settlement loans to people with ongoing personal injury cases.
Common Types of Cases We Fund in Hempstead
There would be many more lawsuit loan applicants in Hampstead if people understood exactly how pre-settlement legal funding worked and whether they would meet the eligibility requirements. As long as you are dealing with any type of civil matter where you expect to be awarded compensation for your damages and suffering, our loan specialists at High Rise Financial may be able to help.
Some of the most common types of cases we provide legal funding for include:
- Car accidents
- Medical malpractice
- Slips and falls
- On-the-job injuries
- Defective medical devices and equipment
- Police brutality
- Whistleblower claims
- Employment law violations
- Motorcycle accidents
- Pedestrian accidents
- Premises liabilities
- Wrongful death
- Commercial truck accidents
- Workers’ compensation
Do not feel discouraged if your civil matter involves something else entirely. This is by no means an exhaustive list of the types of cases we fund. Find out how much we could authorize in pre-settlement lawsuit loans when you contact our loan specialists or fill out our online application today.
To apply for free, call (877) 735-0016
Factors Impacting Your Lawsuit Loan Funds
In most lawsuit loan cases, we can authorize up to 20% of whatever you are expected to recover. However, several factors influence how much we can provide you in pre-settlement legal funding. Some of these factors include:
- How strong your legal case is
- The statute of limitations and insurance deadlines
- The availability of evidence
- What are the liable party has insurance coverage
- Shared liability accusations
Our loan specialists have been able to authorize up to $1 million in lawsuit loans. However, the exact amount we can get to your bank account in the next 24 hours will vary based on the specific details of your case. We will work closely with your attorney to determine how much we can realistically loan you as a cash advance on your expected settlement.
Hempstead Pre-Settlement Funding Lawyer Near Me (877) 735-0016
Reasons Why You Should Get a Settlement Loan
If you or your family are involved in a civil lawsuit, getting a lawsuit loan is a good solution. A pre-settlement loan is legal funding borrowed against a future court award. The settlement funding provider offers cash that plaintiffs can use without restrictions.
You can use the money to pay for daily expenses, medical and other legal fees, mortgage/rent, and tuition. Those who cannot work due to their sustained injuries use the money to replace lost income. In either case, the funds are yours to decide how they should be spent.
Advantages of Lawsuit Loans in Hempstead
The advantages and benefits that come with pre-settlement legal funding are undeniable. This is your best opportunity to escape financial ruin while you are waiting for your legal case to be resolved. Aside from the monetary benefit, other pros to getting pre-settlement funding include:
- Zero risk. Lawsuit loans in Hempstead are a non-recourse debt. Therefore, there is no risk as you only pay for the amount if you win the case. There is no obligation to pay out of pocket or give up assets.
- Non-compounded rates. Settlement loan providers offer low and non-compounded interest rates. This allows you to keep most of your settlement money.
- Creditworthiness is irrelevant. You do not need to have perfect or even good credit to qualify for pre-settlement loans. Our application process does not run your credit score and will not impact your credit report in any way.
- Quick fund. Receive your pre-settlement funding within the next 24 hours. Lawsuit loan amounts vary but can be anywhere between $500 to more than a million dollars.
- More time to focus on your case. Do not settle for less. With lawsuit loans, you are no longer pressured financially. You can focus on strengthening your case and ensuring a good win.
Qualify for Legal Funding
New York has a three-year statute of limitations for injury cases. You need to file your claim before the time runs out. Failure to do so weakens your case and decreases your chances of getting a settlement loan.
A strong case is one of the essential factors in your lawsuit loan approval. The pre-settlement funding provider takes on the majority of the risks. The lawsuit funding company invests in your case and would want to ensure they get their money back, so you need an attorney to apply for pre-settlement funding.
Other considerations for lawsuit loans are as follows:
Injury and Damages
Damages include physical injuries, emotional trauma, and other losses from the accident. Before, lawsuit funding companies only offered settlement loans for cases with severe damages. However, lawsuit loans are also provided for cases with less severe traumas and injuries today.
Investment Margin
Settlement loan companies invest in your case. Therefore, they must see a good investment margin if they approve your loan. The providers would want to know all the expenses to be deducted from your future settlement award and see if there is still more remaining for repayment.
Lawyer’s Cooperation
Your legal representative may suggest getting pre-settlement funding for you, or you may look for lawsuit funding options yourself. Your lawyer provides the lawsuit loan company with the needed information about the case. Additionally, the lawyer must also be present to receive the settlement loan.
Apply for Settlement Loans Today
High Rise Financial is your trusted and reliable pre-settlement funding firm in Hempstead, New York. Furthermore, we take pride in our team of professionals who would go miles to assist you financially. Do not prolong the process.
Call us today or fill out our quick contact form to discuss any questions on settlement loans. Find out whether you qualify for a lawsuit loan. We are here to meet your needs every step of the way.
Call or text (877) 735-0016 or fill out our form to apply today for free.