New York City pre-settlement legal funding can help you fight for the maximum compensation from your lawsuit. Settlements can take months, and sometimes even years to resolve, and most people simply can’t afford the financial strain of a long legal fight.
With pre-settlement funding, you can borrow from your expected settlement, putting cash in your hands to pay your current expenses, all at no risk to your own finances. Find out if an alternative to a lawsuit loan could be the right financing option for you.
What Is Pre-Settlement Funding in New York City?
After an accident, you could wait months or even years for your personal injury settlement. During this time, your bills could pile up, especially if you lost your income as a result of the accident. You may also have to deal with property damage and medical expenses. Legal funding can help you pay for these costs without having to wait for a settlement.
Commonly referred to as pre-settlement funding, this type of legal funding is money you can receive upfront based on the estimated value of your settlement. Unlike typical recourse loans, pre-settlement funding doesn’t need to be paid back if you lose your case. Because it’s non-recourse debt, the funding company assumes all the risk of your case.
Pre-settlement legal funding in New York City can be used for most types of personal injury cases. You may qualify for cash funding if you’ve been injured in a car accident as a pedestrian, bicyclist, motorcyclist, or trucker and have a pending or ongoing claim against the liable party either in the form of an insurance claim or an actual lawsuit.
How Does New York City Pre-Settlement Funding Work?
We provide lawsuit funding and pre-settlement legal funding to New York City residents. If you’ve filed a personal injury claim or are taking your case to court with a lawyer, we can help you avoid the pressure of a lengthy lawsuit by helping you borrow against your settlement.
In order to obtain pre-settlement funding, you must first apply with a company that offers it after suffering a personal injury. However, in order for you to obtain a lawsuit loan alternative, you must be able to clearly identify a responsible party, and they must have insurance. Provided you can do this, you can receive your funding quickly, often in as little as 24 hours.
Once you have your pre-settlement funding, you can spend it however you want without restrictions. This can be vital for paying medical bills and living expenses after an accident, especially if you’ve been deprived of income. However, you can use the money for anything, including unrelated debts and even personal expenses.
What Accidents Qualify for Pre-Settlement Funding in New York City?
Within personal injury settlements, we provide pre-settlement lawsuit cash funding to injured victims of a wide range of accidents, including the following:
- Car accidents
- Pedestrian accidents
- Rideshare accidents
- Trucking accidents
- Nursing home negligence
- Medical malpractice
- Jones Act maritime accidents
- Defective medical devices
- Product liability
New York City is full of taxicabs, and now, Uber and Lyft are more popular ride-sharing apps. With them, comes greater liability for both drivers and passengers alike. We provide significant pre-settlement legal funding for NYC residents who were involved as injured drivers or passengers in motor vehicles or car accidents.
How Much Does New York City Pre-Settlement Legal Funding Cost?
Every legal funding case is different, so we can’t give you an estimate as to how much yours will cost without first looking at the specific facts around your case. However, a reputable legal funding company will typically charge you a nominal simple interest rate, sometimes just 1-3%. However, your interest rate will depend on how likely you are to win your case.
Why Choose High Rise Financial LLC for Your Pre-Settlement Funding Needs in New York City?
High Rise Financial is a national company serving all communities throughout the greater New York City area. We have the financial muscle and depth of local knowledge to assist you in your case.
Visit our website today or contact one of our live agents to complete your application for legal funding. We’ve streamlined our application process to make it easy for you to get your money fast. You could receive up to $1 million in as little as 24 hours if you’re approved. With our help, you can get the money you need to complete your fight for justice.