
A personal injury case is a lawsuit where harm is done to the body, mind, and emotions intentionally or by someone else’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 leave 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.
New York 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.
Types of Albany Civil Claims We Fund
No matter what type of legal issue you are dealing with, High Rise Financial is here to help. We find a variety of personal injury and civil cases where plaintiffs are expected to recover compensation for their damages and suffering. Some of the most common types of cases we provide pre-settlement legal funding for include:
- Defective drug lawsuits
- Employment law complaints and labor violations
- Personal injury cases
- Slip and fall accidents
- Motor vehicle accidents
- Transvaginal mesh claims
- Nursing home abuse and medical malpractice
- Whistleblower and Qui tam lawsuits
- Workers compensation and work-related injuries
- Wrongful death
- Police brutality
- Defective medical device claims
If you are dealing with another type of legal matter that was not described above, do not feel discouraged or lose hope. High Rise Financial loan specialists may still be able to offer pre-settlement legal funding to you in your time of need. Apply now or contact our team today to find out whether you meet our eligibility requirements.
How Much You Could Be Authorized in Lawsuit Loans
The amount we can provide in pre-settlement loans will vary widely. The extent of your injuries or damages will determine how much your claim could be worth. In most cases, we can issue up to 20% of our applicant’s expected payouts.
However, the availability of evidence, the value of your insurance settlement, and other factors could have an impact on your settlement funding, which could influence how much we can issue in lawsuit loans. Depending on the circumstances of your case, we could provide as much as $1 million in legal funding. The best way to find out how much you could expect to recover is by discussing your financial situation with our loan specialists today.
To apply for free, call (877) 735-0016
How to Spend Your Lawsuit Loan Money
When you are struggling financially, getting your costs covered is crucial. Fortunately, our lawsuit loans are designed to pay for whatever you need them to. This is your money, and you can spend it the way you like. Many of our loan recipients use their funds to cover:
- Extracurricular activities
- Credit card debt
- Mortgage and rent payments
- Insurance premiums
- Outstanding medical expenses
- Groceries and toiletries
- Internet and utilities
- Motor vehicle payments
- Entertainment expenses
These are only a few examples of ways you could spend your loss to loan money. There are no restrictions or monitoring when you get your legal funding through High Rise Financial. This is a cash advance on your expected settlement, not a loan you will have to repay with your personal finances.
Albany Pre-Settlement Funding Lawyer Near Me (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 is critical to get your lawyer’s help when choosing the right settlement loan provider.
How to Qualify for 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 have 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 does not 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 5-20% of your estimated case value. If you have not received the maximum amount, the lending company may approve your application.
Alternatives to Settlement Loans
Like traditional bank loans, lawsuit loans also have pros and cons. Therefore, it is essential to consider all your options before applying for pre-settlement funding. In most cases, pre-settlement funding is going to be the best option.
Get a Bank Loan
Instead of getting settlement loans, you can also try the traditional bank loan, which is often 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 do not have a good credit record, your application may be denied.
Borrow from Friends and 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. This is especially true 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 is essential to read the fine print and ensure the due date of payments to avoid penalties.
Complete a Free Application form now
Apply for Pre-Settlement Funding Today
Choose a reputable and integrity-driven lawsuit loan provider. High Rise Financial is the leading firm in Albany, New York, offering affordable and risk-free settlement loans for plaintiffs in Albany.
So, what are you waiting for? Call us today or complete our online application or contact form. Learn 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.