Oyster Bay Pre-Settlement Loan

Have you recently suffered devastating injuries caused by someone else’s recklessness? Has your entire life been turned upside down by the trauma of your injuries and your extreme financial losses? If so, you may be exploring your opportunities for financial relief.

While you take legal action against the at-fault party by filing a claim with their insurance company or bringing your case to trial, High Rise Financial is here to offer you the financial assistance you need when you need it most. You may qualify for our comprehensive Oyster Bay lawsuit loans. Find out whether we can fund your case with New York legal funding when you contact our loan specialist to discuss your legal options further.



The Trauma of Accidents and Injuries Near Oyster Bay

Applying for a lawsuit loan in Oyster Bay, New York can help you get immediate funds before your case settles. Call us today to get settlement funding. New York’s Department of Health reports over 155,000 cases of severe injuries requiring hospitalization annually. Of the 2.5 million annual hospitalization records, about 1.5 million are due to injury, so it is not shocking why victims of negligence resulting in personal injury file lawsuits. 

They need the money to pay for their medical bills, from all the hospital visits, medications, therapies, etc. Furthermore, they need compensation to help them restart their lives in cases of life-threatening injuries. The rise of personal injury lawsuits brought the need for legal funding assistance, which may be an option for those unable to support their families during their legal battle. 

To apply for free, call (877) 735-0016

Defining Lawsuit Loans in Oyster Bay

Lawsuit loans are also referred to as settlement loans, legal funding, and pre-settlement funding. Regardless, the meaning remains the same. It is a cash advance taken from your future settlement that allows plaintiffs access to their expected court award and allows them to use it without restrictions. 

Lawsuit loan providers do not have a monthly payment arrangement. Instead, pre-settlement loans are paid when you have won the case, and the compensation is disbursed. However, many still hesitate to get settlement loans despite their financial benefits. 

Currently, there are still no regulations for lawsuit loans in Oyster Bay. This means borrowers do not have the same protection as getting a traditional bank loan. Therefore, it is essential that you review your case, consider all your options, ask for your lawyer’s input, and do your research before deciding whether pre-settlement legal funding is the right option for you and your family.

Fees and Interests of Settlement Loans

Studies show that lawsuit loans are complicated due to the lack of regulation on fees and interest rates. Furthermore, these two are the most common criticisms of advanced funding. There are also settlement loan providers with shady processes, hidden charges, and astronomical interest rates. 

Pre-settlement funding is a reprieve from the financial burden. However, due to these controversial approaches, borrowers pay double the amount of their original settlement funding. Legal funding providers sometimes even interfere with the borrower’s ongoing personal lawsuit. 

The key is to do your due diligence and research. Contact our loan specialists at High Rise Financial to learn more about settlement loans and understand what they are and what they are not. Know the pros and cons of a lawsuit loan and contact your lawyer if you consider it an option. 

Oyster Bay Pre-Settlement Funding Lawyer Near Me (877) 735-0016

Qualifying for an Oyster Bay Lawsuit Loan

Are you interested in finding out whether you meet the eligibility requirements for pre-settlement legal funding? With High Rise Financial, we make it possible for nearly anyone going through a lawsuit or insurance negotiations to get the financial support they need. Our criteria for application approval include:

• Applicants must be at least 18 years old
• Applicants must have a legal representative
• Applicants must be anticipating a settlement

We do not conduct a credit check. We do not require our applicants to have a source of income. Our loans are non-recourse, so once you meet the eligibility requirements, we can approve as much as 20% of your anticipated settlement, disperse the funds to your bank account within 24 hours, and you can pay us back when your settlement comes in.

Choosing the Right Legal Funding Firm

It is crucial that you find a trustworthy lawsuit loan company when you need financial support during litigation. When selecting the right pre-settlement funding provider for you, there are factors to consider. Here are a few:

Upfront Fees 

A settlement loan firm is straightforward regarding interest rates and fees. Read the contract or agreement and check for hidden costs. Seek the help of your attorney to understand the legal jargon. 

Talk with Your Lawyer

Do not pick a lawsuit loan firm that does not want to include your lawyer in the conversation. Your legal representative is there to protect your rights. Your lawyer should be aware of your financial situation and can explain your case in detail.

This will help the lawsuit funding company decide to approve or deny your settlement loan application. In many cases, we can only approve applicants who have a legal representative. If you do not have a lawyer on your side, your application may be denied. 

Compare Quotes 

Shop around for reputable lawsuit loan companies in your area. Do not hesitate to ask for a quote and use it as leverage, and do not hesitate to mention that you are looking around for pre-settlement funding to finance your case. You can also mention the competition’s rate. 

Complete a Free Application form now

Apply for a Settlement Loan with High Rise Financial

High Rise Financial has been in the industry for years. We offer settlement loans to Oyster Bay, New York, residents to help them get the best compensation. Fill out our online contact form now and apply online!

Call or text (877) 735-0016 or fill out our form to apply today for free.