If you suffer a personal injury and file a lawsuit in Yonkers, NY, it may be some time before you get compensation. In the worst-case scenario, you may not get any damages. Fortunately, you may be able to use New York legal funding to help you cover your expenses until your case gets resolved.
High Rise Financial offers Yonkers lawsuit loans to those involved in injury cases. Our team can teach you about our pre-settlement funding options. To get started, reach out to us.
How Much Time You Have to File a Personal Injury Claim in Yonkers
There is a three-year statute of limitations for injury claims in New York. This means you have up to three years from the date you suffer an injury to seek damages from anyone responsible for it. If you choose not to file a claim within this window, you may not be able to pursue compensation from any at-fault parties at a later time.
Just because you file a claim for compensation does not mean you will get money from anyone responsible for your personal injury. An at-fault party and their insurance company may do everything they can to dispute your claim. They will do whatever it takes to avoid paying you 100% of the damages you request.
There is no guarantee you will receive compensation in your injury claim. With a Yonkers lawsuit loan, you receive money based on your injury case, even if you do not win or settle your claim. The team at High Rise Financial can discuss our New York settlement loans and other pre-settlement funding options with you — for more information, get in touch with us.
To apply for free, call (877) 735-0016
Yonkers Pre-Settlement Funding Lawyer Near Me (877) 735-0016
How a Yonkers Lawsuit Loan Works
You may see lawsuit funding and personal loans and believe they are exactly the same. Upon close inspection, however, you may realize that pre-settlement legal funding and personal loans are very different. To understand how, consider the way each one is structured.
A lawsuit loan is given out to plaintiffs in personal injury cases. Typically, a legal funding company looks at a plaintiff’s projected settlement amount and other factors relating to their case. It then provides this individual with a personalized loan quote, and if they accept it, they do not have to pay it back unless they secure compensation.
With a personal loan, a recipient must pay it back, even if they are involved in a personal injury lawsuit and do not get any compensation. This individual is subject to the loan’s terms and conditions. They may also be required to complete a lengthy application process and wait days or weeks before they get approved for their loan.
Yonkers Lawsuit Funding Application Process
The process of applying for a lawsuit loan is quick and simple. You can complete this process over the phone or online. Here are the steps:
- Fill Out Your Application: In many instances, it takes just a few minutes to complete a legal funding application.
- Await Your Response: A lawsuit loan company may give you a custom loan quote in just 24 hours.
- Finalize Your Loan: After you approve your loan quote, your lawsuit funding provider will send your money, and you can use it however you choose.
There is no credit check or review of your income history required when you complete the application process. You must have an attorney to represent you. This lawyer can help you with your application and provide updates to your pre-settlement funding provider as your case moves forward.
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Cases that Qualify for Lawsuit Funding
Every personal injury case is its own entity. A legal funding company reviews each request it gets to determine if a plaintiff’s case makes them eligible for a loan. Types of cases that may qualify for pre-settlement funding include:
- Car accident
- Motorcycle accident
- Truck accident
- Rideshare accident
- Slip and fall accident
- Workplace accident
- Dog bite
- Medical malpractice
- Premises liability
- Defective product
- Wrongful death
If you are unsure about whether legal funding is right for you, consult with a pre-settlement funding company. The best provider of lawsuit loans can answer frequently asked questions and many others about legal funding. It can walk you through the process of getting a legal loan and how you will repay it if you win or settle your case.
Legal Funding Repayment Process
Your lawyer handles legal funding repayment for you. This happens if you get compensation in your personal injury case. Your attorney deducts what you owe from your settlement, pays your pre-settlement funding provider, and gives you the remainder.
If you do not win or settle your case, you keep the money given to you by your legal funding provider. You do not have to worry about a potentially uncomfortable conversation with your lawsuit loan company, either. In this situation, your attorney connects with the business on your behalf.
After you find out you are not going to receive any compensation, your attorney tells your legal funding company. Next, the business clears your outstanding loan balance. Finally, you keep the money you got from the company without any penalties.
What It Costs to Get a Lawsuit Loan in Yonkers
You do not have to pay anything to receive legal funding. A lawsuit funding company accepts applications free of charge. This is true even if you submit an application and do not approve a lawsuit funding quote.
A pre-settlement loan company is upfront about your funding. It will explain the interest rate associated with your loan. If you have concerns or questions about this or other aspects of your loan, the business’ lawsuit funding specialists can address them.
Remember, a lawsuit loan company takes all of the risks with your funding. You do not have to pay anything if your case is unsuccessful. By getting a legal loan, you are assured of securing compensation based on your personal injury lawsuit, even if you do not win or settle your claim.
Request Yonkers Legal Funding
High Rise Financial is a leading option for Yonkers pre-settlement loans. We can take a look at your personal injury case and help you find a lawsuit loan option that meets your expectations. To learn more, contact us today.