If you were seriously injured as the result of someone else’s negligence, you likely have a lot of medical bills. If you are unable to work because of your injuries, you have other expenses you’re worried about. You filed a personal injury case, but it seems like it’s been going on forever. How will you pay your bills?
Before you get a second mortgage or take out a personal loan, you will want to look into pre-settlement legal funding. High Rise Financial offers legal funding in the form of a non-recourse loan to people who have an ongoing personal injury case, and are represented by a lawyer. With a non-recourse loan, you don’t have to pay us back if you don’t win your case.
Non-recourse pre-settlement legal funding is by far the safest way to get cash while you wait for your case to reach a settlement, or go to trial. You can apply for legal funding as you need it. For instance, you may apply a year into your case, but then the opposing side continues to drag out the case, or you face new, unexpected costs. Don’t panic. High Rise Financial allows you to apply for pre-settlement legal funding more than once. We will work with you to ease your financial worries.
To apply for the first time, or subsequent time, go to our Apply Now page or give us a call to discuss your concerns.
How to Qualify for Pre-Settlement Legal Funding
Unlike a lawsuit loan or other typical loan, with pre-settlement legal funding, the money you get is tied to your eventual settlement rather than your personal finances. That means you don’t have to:
- Undergo a credit check
- Provide proof of employment
- Provide your most recent tax return
We do have a few qualifications you must meet.
You Must Have an Ongoing Personal Injury Lawsuit
By definition, pre-settlement legal funding goes only to clients who can expect an eventual settlement. That may be an out-of-court settlement or a jury award. Some clients we have helped in the past have suffered injuries due to:
- Defective medical devices (such as birth control implants or hip replacements)
- Defective pharmaceuticals
- Nursing home negligence
- Amusement park accidents
- Car accidents
- Truck accidents
You Must Be Represented by a Lawyer or Law Firm
High Rise Financial works directly with your attorney to coordinate your legal funding and repayment. To qualify for non-recourse pre-settlement legal funding, you must have a law firm or lawyer representing you. Your case can be an individual case, or you may be part of a class-action lawsuit.
When you apply, our underwriters will review the specifics of your case and the expected settlement. Based on that information, our underwriters will calculate what sort of funding we can provide. Again, if you need additional funding because the case continues to drag on, you can apply for more than one non-recourse loan.
How You Repay Your Pre-Settlement Legal Funding
We have already established that pre-settlement legal funding through High Rise Financial is different than your typical loan. That is true during the application and approval process, as well as in how you repay this non-recourse loan.
With a lawsuit loan or other loan, you must make monthly payments, and you may be charged exorbitant interest rates. You have to repay these loans regardless of whether you win your case. That kind of loan can leave you responsible for paying as much as three times what you initially borrowed.
High Rise Financial is different. We structure your pre-settlement legal funding as a non-recourse loan. This protects you from monthly payments, and you avoid compound interest. Instead of charging interest that increases the repayment amount for each month that goes by, we can provide you with no-risk funding for a flat fee. Here’s how the repayment process works.
Our Repayment Comes Directly from Your Settlement
When you are approved for your legal funding, you and your lawyer will sign an agreement that lays out the amount of your non-recourse loan, as well as the flat fee we charge. The sum of those two amounts is what will be due to us when your case settles.
By avoiding a lowball settlement offer and allowing your attorney the time to negotiate a fair settlement or take your case to trial, you increase your chances of receiving a substantial recovery amount. When your case settles or you win a jury award, your lawyer will receive a check from the opposing side for the compensation amount. Then, they send High Rise Financial a check for the agreed-upon repayment amount directly out of that compensation package. You don’t have to worry about monthly payments or writing a big check yourself.
If You Lose Your Lawsuit
Let’s face it. Not everyone wins their lawsuit. Sometimes, even what appears to be an open-and-shut case of negligence lawsuits can go against you. If that happens to you, don’t panic. We called legal funding with High Rise Financial risk-free for a reason. If you lose your lawsuit, you do not pay us back.
Apply for Non-Recourse Pre-Settlement Legal Funding Now
If you have a personal injury case that is seemingly taking forever to settle or go to trial, you may be worried about paying your mounting medical bills. But you can stop stressing. High Rise Financial may be able to help provide you with the money you need to meet your financial obligations. Applying for non-recourse pre-settlement legal funding is risk-free. The process is quick. Most applicants who are approved receive their cash within 24 to 48 hours after approval. While we are based in Los Angeles, we help clients all across the country.
Visit our Apply Now page, or call us 24/7 at (866) 407-6404 for more information or help with starting your application.