Pennsylvania Legal Funding

Personal injury victims in Pennsylvania are entitled to file a lawsuit against the at-fault party to seek fair compensation. However, during a lawsuit, plaintiffs often encounter financial challenges. You can obtain pre-settlement funding in Pennsylvania to help if you need money now. 

We offer affordable cash advances that can be used to pay bills, buy food, settle monthly expenses, and other needs. Our loan specialists at High Rise Financial offer pre-settlement legal funding for any type of civil claim. Contact our team for a free consultation today to learn more about how much you could be awarded, how long it might take to get your funds, and whether you meet our eligibility requirements.

Legal Funding Offers Financial Solutions to Struggling Victims 

When you are dealing with a complex legal case, you may take comfort in knowing once your case is resolved, you will have access to the financial compensation you need to cover your expenses. However, we do not believe you should have to continue to struggle. 

With High Rise Financial legal funding in Pennsylvania, you can cover your costs now. With a cash advance, you can obtain a portion of your anticipated settlement funds ahead of time so you can cover your expenses now and start to move forward with your life without winding up in financial ruin. Now, you do not need to wait for your car accident settlement, slip-and-fall insurance payout, or another civil claim to be resolved before you pick up the pieces of your life.

Differences Between Regular Loans and Pre-Settlement Funding

Pre-settlement loans are lawsuit loan alternatives that give accident victims the lawsuit funding they need to meet financial obligations while waiting for their lawsuit settlement. Here are some differences between a regular loan and a settlement loan:

• Getting a regular loan requires a credit report check. In contrast, settlement loans will be based on your injury claims only.
• Regular loans must be repaid after a specified amount of time. Conversely, a settlement loan will only be returned upon winning your case.
• Our lawsuit loan alternative is non-recourse, and you will only repay if you win your lawsuit. With this, you won’t need to undergo the stress of applying for regular lawsuit loans.

The Application Process for Lawsuit Loan Alternatives

Once you and your attorney decide to get a lawsuit loan alternative, you can apply for our legal funding. The process is as follows:

• Contact our team to start the application process. We will ask basic questions and request relevant information about you and your attorney.
• Our team will contact your attorney to get additional information about your case, discuss your prospects of a favorable outcome, and review how much compensation to expect.
• Our lawsuit funding experts will make a decision within 24 hours. If your application for legal funding in Pennsylvania is approved, your funds will be available in as little as no time.

How Getting Pre-Settlement Funding in Pennsylvania Helps You

It can take a long time for insurance companies to close a settlement. If your case goes to court, your lawsuit can take even longer. Applying for a lawsuit loan alternative can help you by:

• Providing you with a fast cash advance to pay your expenses, medical bills, rent, and meet other basic needs
• Eliminating the risks or pressure involved in getting a regular loan

While waiting for your settlement or jury award, you have mounting debts and expenses you cannot ignore. Legal funding in Pennsylvania is the solution to that uncomfortable situation.

What Types of Cases Qualify for Pre-Settlement Funding?

In general, any case in which you are awaiting a settlement can qualify for pre-settlement legal funding, so long as your lawyer approves. Some of the most common types of cases that we handle include:

• Car accident loans
• Personal injuries
• Medical malpractice
• Workplace injuries
• Jones Act violations
• Defective medical devices
• Nursing home negligence
• Wrongful death
• Qui Tam lawsuits
• Whistleblower claims

This list is not exhaustive. If you require litigation funding in Pennsylvania for another type of personal injury case, we can evaluate it and work with your attorney.

How Much Compensation Are You Entitled to?

If you are still waiting to find out how much your civil claim is worth, you may also be unsure of how much to request when filling out your lawsuit loan application. Your attorney can give you a better idea of how much your civil claim could be worth.

However, damages are designed to make the victim whole. This means you should be able to recoup every loss you entered due to the incident or event that caused your lawsuit. With that in mind, damages can be awarded as follows:

• Economic damages– These are fixed financial losses and might include your loss of income, diminished earning potential, medical expenses, medical equipment fees, property damages, and other monetary losses.
• Non-economic damages– These are not monetary damages and have no financial worth. They describe your psychological state and physical losses, like pain and suffering, skin scarring, loss of consortium, diminished quality of life, and more.
• Punitive damages– Contrary to popular belief, punitive damages are not a loss you have the right to recover. Punitive damages could be an excellent addition to your case, but they are only awarded if the jury finds the defendant’s actions intolerable or grossly negligent.

Why Should You Obtain Our Pre-Settlement Funding?

We have substantial financial resources to provide you with the pre-settlement legal funding you need. High Rise Financial offers funding with generous terms and has the expertise and financial muscle to back it fully.

We offer quick approvals for our clients with no hidden fees or surprises. We want to ensure you have everything you need to win your case and do all we can to provide it.

How Does the PA Legal Lending Repayment Process Work?

After everything you have been through, the last thing you want to have to worry about after you have received your settlement funds is paying back considerable debts while you are attempting to get back to your life. Fortunately, paying back your loss alone is significantly easier than you might have thought.

In fact, this is another one of the responsibilities your attorney will handle regarding the legal details of your civil claim. After your settlement or insurance funds have come in, your attorney will write a check for your full loan amount. This will come directly from your settlement funds, so you do not have to burden yourself with excess deadlines or worrisome bills.

Our Lawsuit Loans Are Risk-Free

Since our lawsuit loans are non-recourse, if your attorney’s settlement does not come through, you will not be expected to cover the costs of repaying your legal funding. You will never receive calls from High Rise Financial debt collectors because they do not exist.

We never attempt to collect debts from our borrowers because they are not technically debts. The money we help you access is already yours. If you find that you cannot pay it back because your settlement fell through, this is a risk High Rise Financial is willing to absorb on your behalf.

How to Spend Your PA Lawsuit Loan

One of the advantages of legal funding in Pennsylvania is the ability to cover your costs in advance of your settlement. You no longer need to put off debt collectors or struggle to cope financially. 

This money is yours from your anticipated settlement. For this reason, you have a right to spend your pre-settlement legal funding however you want to. We do not restrict or monitor how you spend your lawsuit world. 

Many legal funding recipients report spending their settlement phones on household necessities, such as:

• Rent or mortgage payments
• Auto, life, health, and other insurance premiums
• Utility bills
• Phone and Internet bills
• Extracurricular activities
• Entertainment costs
• Auto notes
• Gas and heating oil
• Electricity
• Subscription services
• Groceries and toiletries
• Credit card debt
• Outstanding medical expenses
• Vehicle repair fees or rental car payments

If you have other expenses in mind that need to be addressed, our pre-settlement loans could be the answer to your financial problems. Call today to find out whether your application can get approved ASAP.

How Long Will It Take for You to Access the Funds You Need?

Once High Rise Financial loan specialists have had the opportunity to review your application and speak with your attorney, we can send your pre-settlement funds to your bank account in just a few hours. And as little as 24 hours, you could access a portion of your settlement funds in advance.

Once you have been approved, it will be only a matter of time before you have the funds. Use it to cover your expenses and take your first steps toward financial freedom after everything you have been through.

Laws that Could Impact Your Injury Settlement

Despite the fact that your life may have been significantly affected by the civil case in question, you might be surprised to learn that there are multiple laws that could have an impact on not only your insurance settlement or trial verdict but the amount our loan specialists are able to approve your lawsuit loan for.

Shared Fault Laws

Contributory negligence laws are some of the most impactful state laws that influence the compensation a victim receives. There are deductions depending on the at-fault party.

This is also true for states following the pure contributory negligence system.  In cases like these, you may need an insurance settlement to recoup your losses.

However, you can rest easier if you live in a state that follows a pure comparative negligence system or a modified comparative negligence system. Regardless, you are still getting enough to cover the damages.

If you are 20% at fault, 20% will also be taken from your settlement award for the damages. If shared fault laws influence your case, our lawn specialists need to know so we can determine how much to authorize in pre-settlement funding.

Statute of Limitations

The statute of limitations could also impact the outcome of your case. If you fail to file your lawsuit before the statute of limitation runs out, you will not have the opportunity to hear your case in civil court.

If this happens, you could still have the opportunity to obtain an insurance settlement, depending on the circumstances of your case. Your attorney can give you a better idea of how the statute of limitations will influence your compensation.

Pennsylvania Insurance Laws

Pennsylvania is a no-fault state for insurance purposes. If you have been involved in an accident, you should have the right to file a claim with your own insurance company. However, just because you are dealing with your own insurer does not mean the claims process will be any easier. 

Insurance companies are for profit. Every time they pay out on a claim, they lose money. For this reason, even if you have insurance coverage, chances are the insurance company is going to do everything it can to avoid paying out on your claim. If you only have the bare minimum amount of insurance coverage in place, it is unlikely the insurance company will cover your losses in full. 

You will be limited by the types and amount of insurance coverage you have purchased. For example, if you only have $25,000 in property damage liability coverage, but your property damages are greater than $25,000, you could expect the insurance company to pay out only up to $25,000. Any excess damages will be your responsibility. You may need to file a lawsuit against the liable party if you hope to avoid being held accountable for these damages.

Get a Lawsuit Loan Alternative in Pennsylvania Today

If you need assistance maintaining financial stability after an injury from a Pennsylvania accident, apply for our pre-settlement funding. Contact High Rise Financial today to schedule a free case assessment.

Our trusted team will be available to discuss your lawsuit loan alternatives options and determine whether you qualify for pre-settlement funding.