Lawsuit Loans in Albany, NY

Prime Settlement Loan Provider in Albany, New York

A personal injury case is a lawsuit where harm is done to the body, mind, and emotions intentionally or by one’s negligence. The state of New York has laws that enable victims to file compensations to cover medical fees, burial costs, lost wages, and other expenses. 

Legal processes take time, and it leaves plaintiffs in a financial bind. Furthermore, insurance companies aim to prolong the process to force victims to settle for less compensation. This is where lawsuit loans are most important. 

Legal funding firms offer pre settlement loans to help you get the financial assistance you need. It would also keep the anxieties away from the mountain of bills and ongoing daily expenses. 

Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today at (866) 407-6404 to get settlement funding in Albany, New York. 

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

The Basics of Pre-settlement Funding

Lawsuit loans are options available for those with an ongoing personal injury lawsuit case. You can apply for a pre settlement loan from a legal funding provider. The firm will then contact your legal representative to ask for the necessary information about your case. 

Their settlement loan specialists will review your case, determine the lawsuit loan amount, and notify you of approval. Their settlement loan specialists will review your claim, determine the lawsuit loan amount, and notify you of approval. It’s critical to get your lawyer’s help when choosing the right settlement loan provider. 

How to Qualify for a Settlement Funding

There are no regulations on lawsuit loans yet. However, the state does not let lawyers and firms lend pre-settlement funding to their clients to prevent conflict of interest. You are eligible for a settlement loan once you’ve filed your personal injury case and you have a legal representative. 

Apply for Multiple Lawsuit Loans 

You can apply for multiple settlement loans, but you cannot apply for more lawsuit funding from other settlement loan providers. However, if your lender doesn’t approve your next loan, you can apply to another firm. 

The firm then pays your original lender and will assess your financial needs and whether your case guarantees more payout once settled. Typically, a pre-settlement funding firm offers 5% -10% of your estimated case value. If you haven’t received the maximum amount, the lending company may approve your application. 

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

Alternatives to Settlement Loans

Like traditional bank loans, lawsuit loans also have pros and cons. Therefore, it’s essential to consider all your options before applying for pre settlement funding. 

Get a bank loan

Instead of getting settlement loans, you can also try the traditional bank loan. In fact, it’s the first option people seek out when they’re in a financial bind. However, the process is tedious and requires a credit check, employment history, and collateral. If you don’t have a good credit record, your application may be denied. 

Borrow from friends/family

Another alternative to a lawsuit loan is borrowing from your family or friends. The downside is that it may cause problems later in your relationship, especially if you cannot pay on time. 

Credit card funds

You can also try getting an advance from credit card companies. Although, this option is more expensive than the two previous options. It’s essential to read the fine print and ensure the due date of payments to avoid penalties. 

Apply for a Pre Settlement Funding Today

Choose a reputable and integrity-driven lawsuit loan provider. High Rise Financial is the leading firm in Albany, New York, that offers affordable and risk-free settlement loans for plaintiffs in Albany. 

So, what are you waiting for? Call us today to ask more about pre settlement funding and whether this is a good solution for you. 

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