North Dakota Legal Funding

Anyone who has suffered injuries or damages due to the misconduct or negligence of another may have the right to financial compensation. However, settling a lawsuit can take several months. 

Lawsuit funding may be right for you if you face financial difficulties while pursuing your personal injury claims. 

What Is a Settlement Loan?

A settlement loan is a non-recourse cash advance available to car accident victims in North Dakota – learn more about car accident loans. Eligibility for our lawsuit loans in North Dakota is usually based on merit. 

Also, the pre-settlement funding is non-recourse. If you lose, you will not have to repay. If you are approved for legal financing in North Dakota, your cash advance will be available within 24 hours.

Common Cases We Offer Pre-Settlement Funding For 

Pre-settlement legal funding may be available for various civil cases and personal injury claims. Some of the most common types of cases High Rise Financial loan specialists may be able to fund include:

• Motor vehicle accident lawsuits
• Labor law claims
• Harassment and discrimination lawsuits
• Whistleblower lawsuits
• Defective medical device claims
• Premises liability and slip and fall accidents
• Work-related injuries
• Medical malpractice
• Birth injuries and nursing home abuse

Only a few civil cases may be eligible for legal funding. You may still qualify for a lawsuit loan if you have been injured or are dealing with another civil matter not listed above. Contact High Rise Financial today to discuss your financial needs further.

How Are Bank Loans Different from North Dakota Legal Funding?

The eligibility requirements for legal funding in North Dakota may not be as strict as expected. You may be expected to meet strict eligibility requirements if you attempt to obtain a bank loan or get financial help through another financial institution. 

These could include:

• Having a credit score of 760 or higher
• Providing proof of income
• Providing credit references
• Having an account with the financial institution
• Agreeing to pay back the loan with interest

Lawsuit Funding Requirements in North Dakota

North Dakota lawsuit loans are much different. Your credit score, income source, bank account status, and credit references are irrelevant. Our loan specialists only look for whether you meet the age requirements of 18 or older, have a personal injury or civil attorney representing you, and anticipate a payout in your case.

Our team will need to review your case in detail to ensure your attorney expects to recover compensation for your damages. If your attorney works with you on contingency, they will likely expect to win your case. Otherwise, they would be stuck covering all of the costs. For this reason, High Rise Financial can only approve lawsuit loan applications for those with an attorney.

How Can You Spend Your Pre-Settlement Funds?

Once High Rise Financial sends the money to your bank, it is yours to spend however necessary. There are no restrictions, limitations, or monitoring of your pre-settlement funds. Your money should never be considered anything but yours. 

You should be able to spend it however you need to so you can cover your costs, take care of your family, and live your life the way you did before you had to deal with this challenging legal matter. Some of the most common types of expenses reported by North Dakota legal funding recipients include:

• Mortgage and rent expenses
• Homeowner’s and renter’s insurance costs
• Auto insurance premiums
• Life insurance premiums
• Credit card debt
• Utility bills
• Phone bills
• Internet costs
• Groceries and gas costs
• Entertainment expenses
• Extracurricular activities

The Value of Your Lawsuit Loan in North Dakota

You may be interested in learning more about how much your lawsuit loan in North Dakota could be approved for. The answer will vary widely depending on the circumstances of your case. Some of the factors taken into consideration when determining how much legal funding to authorize include the following:

• How much you are going to recover in your insurance settlement or a lawsuit
• When your settlement funds are coming in
• High Rise Financial authorization requirements

Recoverable Damages in Your Lawsuit or Insurance Settlement

The legal funding we can offer will depend on how much you anticipate in your civil claim or insurance settlement. There are a wide variety of losses you may have the right to recover, some of which could include:

• Medical bills
• Property damages
• Pain and suffering
• Emotional distress
• Loss of enjoyment of life
• Loss of consortium

You can also recover punitive damages in your case, dramatically increasing the compensation you are awarded. However, it would be best if you never relied on punitive damages, as they are only awarded when the court finds it appropriate to punish the defendant for their conduct. 

Generally, the defendant must have intentionally caused your injuries, acted in malice, or was found to be grossly negligent for an award of punitive damages to apply.

Financial Relief with Legal Funding in North Dakota

The legal funding we can provide in North Dakota will be based on various factors. In some instances, High Rise Financial has had the opportunity to provide up to $1 million in pre-settlement funding. 

However, not every civil claim will require that much legal funding. Generally, we can authorize between $500 and $500,000 in North Dakota legal funds. 

If you hope to get a better idea of what you could be authorized for, you can anticipate around 20% of your anticipated settlement. Be sure to contact our loan specialists today to find out more.

North Dakota Statutes of Limitations

In North Dakota, you have up to six years from the accident date to file an action to recover damages for injury to a person or personal property. This date is only for filing a claim; getting a settlement or judgment is not guaranteed in that timeframe.

Fault Laws in North Dakota

One of the top ways to recover compensation after being involved in an accident is by filing a claim with the insurance company. North Carolina operates under a no-fault insurance system. This means you must carry your personal injury protection (PIP) or no-fault coverage. 

Then, when you are involved in an accident, you must file a claim with your insurance company instead of the liable party’s insurance company. You might find the claim with the liable party’s insurer in several situations. 

If your own insurance coverage is insufficient, filing a claim with the liable party’s insurance company may bridge that gap. However, if the responsible party does not have insurance coverage, or you do not have enough insurance coverage to cover your damages fully, you may need to be prepared to move forward with a civil lawsuit.

North Dakota Shared Fault Laws

North Dakota is a modified comparative negligence state with a 50% threshold. This means if you share liability for causing your injuries, your injury settlement should be reduced to reflect your portion of the liability. You can still recover compensation for your damages, but it will be at a reduced rate proportionate to your liability percentage. 

If your portion of fault exceeds 50%, you lose your right to have your case heard at trial. Here is an example. If Joe was not wearing his seatbelt during his car accident, the judge might find him 10% responsible for causing his injuries. If the jury awarded Joe $100,000 for his damages, his settlement would be reduced by 10%. Joe would then have a final injury settlement valued at $90,000.

What to Do If Your Lawyer Loses Your Lawsuit

Many people dealing with litigation have concerns that they will be expected to cover the costs of their legal funding if their lawyer does not win their case. 

However, High Rise Financial’s lawsuit loans are non-recourse. You can only pay them back with your settlement funds. High Rise Financial will absorb the loss if your lawyer loses your case and never attempt to recover the loan. 

How to Apply for North Dakota Legal Funding 

Applying for pre-settlement loans in North Dakota is very easy. Follow these steps to apply for a settlement loan in North Dakota:

• Submit Your Application: Visit our website to complete forms and submit your application for pre-settlement funding in North Dakota.
• Provide Necessary Information: Provide important details about your case and your lawyer’s contact information.
• We Contact Your Attorney: Our trusted legal funding experts will contact your attorney to discuss your case and your expected settlement.
• Wait for Approval: Our team will review your application and make a decision. If approved for our lawsuit loan, you will receive your cash advance in as little as no time.

Need Help Funding a Lawsuit in North Dakota?

If you are experiencing financial instability after an auto accident, work injury, or another civil case, our lawsuit loans in North Dakota might be the right option. 

Call High Rise Financial or fill out our online contact form today to learn more about how our pre-settlement funding can help you stay afloat while you fight for the compensation you deserve.