Lawsuit Funding in Cleveland, Ohio
Emergency Medical Services reports increased MVA fatalities and accidents in recent years. The same applies to assault cases, domestic violence, and fall-related injuries. If you are a victim of any of these circumstances, you are eligible for a lawsuit loan.
Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today at (866) 407-6404 to get settlement funding in Cleveland, Ohio.
What is a Pre settlement Loan?
The pre-settlement funding is a cash advance of one’s future compensation from a personal injury case. It’s now a common solution for plaintiffs in a financial bind due to lost wages, reduced income due to fewer work hours, rising medical fees, and more. The money from lawsuit loans alleviates the stress, allowing plaintiffs to continue living normal lives.
Settlement funding firms market mostly to plaintiffs with personal injury cases, including motor vehicle accidents, slip and fall cases, medical malpractice, etc. Some firms also offer post-settlement loans.
This happens when the insurance companies take a long time to release the money after winning the case. Plaintiffs may need money quickly. Thus they can go to lending firms for lawsuit loans.
How to Get Settlement Loans
It’s relatively easy to apply for a settlement loan. With High Rise Financial, you’re only three steps away from your pre settlement funding.
Step 1. Apply for a Lawsuit Loan via call or online.
High Rise Financial is a pre-settlement funding company with a team of intake specialists. Their job is to input your name and case into the system. Once that’s done, plaintiffs are assigned to their case managers, who will update them on the status of their settlement funding.
Step 2. Case Evaluation.
Once all the necessary information is in, one of our settlement loan specialists reaches out to your law firm or legal representative for more information about the case. Additionally, they evaluate the case and then approve your pre settlement funding request.
Step 3. Get your legal funding.
Once notified and approved, you’ll get your lawsuit loan within an hour or the day. Settlement loans are wired via bank account, through cash deliveries via FedEx, and other things.
What if I Lose my Case?
Many worry about the payment plan for their lawsuit loans. However, do remember that you’re not taking the risks here. Settlement loans are non-recourse loans. Therefore, legal funding firms can’t force you to pay them back if you don’t win the case. You only pay if you win.
Furthermore, the legal funding firm can’t force you to pay the entire amount you borrowed plus the fees and interest rate if the settlement is less than the expected amount. It’s why lawsuit loans are risk-free.
Pros of Settlement Loans
There are several benefits to getting a settlement loan. Here are some of them:
- It tides you over. Lawsuit loans help relieve stress from the rising bills to pay, lack of work due to sustained injuries, mounting medical and legal fees, insurance, and everyday living expenses.
- Quick money. Unlike traditional loans, the application process for lawsuit funding only takes minutes. With cooperation from your legal firm, the contract can be sent to you within hours.
- No need for a credit check. Pre settlement loans are based on the strength of your case alone. Therefore, there’s no need to do a credit or employment check.
- It gives you more time to negotiate. Often, insurance companies drag the process and thus pressure plaintiffs to settle for a lowball compensation. The lawsuit loan money helps you smooth out your finances. You have more time to focus on your case.
Low-Rate Pre Settlement Loans with High Rise Financial
Call us if you have an ongoing personal injury case and already have legal representation. We provide settlement loan offers for you at a low-interest rate. Still, it’s critical to do your research when looking for a settlement loan firm. Not all firms are honest and work with integrity.
Some may have astronomical interest rates for their settlement, taking up a big chunk of your settlement payment. Don’t worry. High Rise has a solid reputation as a settlement funding firm in the US. Call us today for pre-settlement funding!