Standard non-recourse loans will show up on your credit report. But your pre-settlement funding will not. That’s because your pre-settlement legal funding from High Rise Financial is essentially a non-recourse loan, with some special benefits. We design our legal funding program to be a risk-free proposition for our clients. If you’re in the middle of a personal injury case and you’re struggling financially, you may be tempted to take a lowball settlement offer. Don’t do it. Keep reading to see how legal funding can help you make ends meet so you can focus on building a strong case with your lawyer.
No-Risk Benefits of Pre-Settlement Legal Funding
When we say no-risk, we mean it. That’s because with pre-settlement legal funding from High Rise Financial, you:
- Don’t pay a loan application fee
- Don’t have to undergo a credit check
- Once approved, don’t make monthly payments
- Don’t have to pay interest
- Don’t have to pay us back if you lose your case
You read that right. There are no application fees, no adverse effects on your credit report, no interest, no monthly payments, and if you lose your case, you don’t have to pay us back. As long as you have an active personal injury case and you have a lawyer representing you, you can apply.
Simply fill out the form on the Apply Now page or call our offices at (866) 407-6404 with questions.
How Can We Offer Pre-Settlement Legal Funding?
We provide victims in personal injury cases like you with a portion of your anticipated settlement funds before your case actually settles. When you apply for pre-settlement legal funding, we ask you and your attorney detailed questions about:
- The seriousness of your injuries, and if you will ever recover
- The details of how your injuries happened
- What individual, company, or governmental agency you are seeking damages from
- What your expected settlement is
- Whether you are seeking punitive damages
Our underwriters then evaluate the strength of your case and use legal research along with mathematical formulas to predict your eventual settlement amount. Based on that, we write up the agreement for a non-recourse loan. Depending on the specifics of your case, you may be eligible for up to $250,000 in pre-settlement legal funding.
When you and your attorney sign the legal funding agreement, you agree to pay the loan amount and our one-time finance fee back when you win your case. Your attorney signs the agreement because they will be the one to disburse the funds to High Rise Financial from your settlement. They do not have access to your pre-settlement funds.
The vast majority of our clients win their cases, so we nearly always get paid back. We assume the risk that you might lose your case. We have helped people injured as a result of:
- Auto accidents
- Drunk drivers
- Train wrecks
- Workplace accidents
- Defective medical devices
We consider all kinds of personal injury cases on an individual basis.
What You Can Pay for with Pre-Settlement Legal Funding
Once you’re approved for pre-settlement legal funding, High Rise Financial can deposit the funds in your bank account within 24-48 hours. This means you can start paying bills and other expenses right away. The money is yours to use as you see fit. Most of our clients do not go on a spending spree, but they use the funds to pay for things like:
- Medical bills
- Mortgage or rent payments
- Educational expenses
- Caregiver expenses
- Utility bills
- Car payments
- Other day-to-day living expenses
Once the money is in your account, it is yours. There are no strings attached. If your case drags on so long that you find yourself struggling financially again, you can apply for more pre-settlement legal funding.
Just keep in mind that we get paid directly out of your settlement, and so does your legal team. Once we have been paid back and your lawyer deducts their legal fees, the remainder of the settlement or jury award is yours.
Get Pre-Settlement Legal Funding with No Credit Check
If you don’t have good credit and you want to avoid a personal loan, non-recourse pre-settlement legal funding may be the perfect solution. High Rise Financial helps clients like you pay the bills while you wait for your personal injury case to resolve. In most cases, we can have the money in your bank account within 24-48 hours of approval. Applying is free, and if you lose your case, you don’t have to pay us back.
Simply fill out the form on our Apply Now page, or call our offices 24/7 at (866) 407-6404 to get started.