Pennsylvania Legal Funding
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Stay afloat with cash through pre-settlement legal funding.
Personal injury victims are within their rights to file a lawsuit against the at-fault party to seek fair compensation.
However, during a lawsuit, plaintiffs often encounter financial challenges. If you need money now, you can obtain pre-settlement funding in Pennsylvania to help. We offer affordable cash advances that can be used to pay bills, buy food, settle monthly expenses, and other needs.
In This Article
- Differences Between Regular Loans and Pre-Settlement Funding
- The Application Process for Lawsuit Loan Alternatives
- How Getting Pre-Settlement Funding in Pennsylvania Helps You
- What Types of Cases Qualify for Pre-Settlement Funding?
- How Much Compensation Are You Entitled to?
- Why Should You Obtain Our Pre-Settlement Funding?
- How Does the PA Legal Lending Repayment Process Work?
- How Long Will It Take for You to Access the Funds You Need?
- Laws that Could Impact Your Injury Settlement
- Get a Lawsuit Loan Alternative in Pennsylvania Today
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 paid back 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 you wait for your settlement or jury award, you have mounting debts and expenses that 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 hole. This means you should be able to recoup every loss you entered as a result of 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 available to provide you with the pre-settlement legal funding you need. We can offer funding with generous terms and have the expertise and financial muscle to fully back it.
We offer quick approvals for our clients with no hidden fees or surprises. We want to ensure that you have everything you need to win your case and do all that we can to provide it to you.
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 when it comes to 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 out of your settlement funds, so you do not have to burden yourself with excess deadlines or worrisome bills.
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 are unable to pay it back because your settlement fell through, this is a risk High Rise Financial is willing to absorb on your behalf.
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 have access to 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 you need to be able 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 types of state laws that influence the amount of compensation a victim can be awarded. Here, if you are partially at fault for your damages, you may be restricted by the amount of compensation you can be awarded.
For example, if you live in a state that follows a pure contributory negligence system, you could be prohibited from recovering compensation through a civil claim. In cases like these, you may need to turn to an insurance settlement to recoup your losses.
However, if you live in a state that follows a pure comparative negligence system or a modified comparative negligence system, you can rest easier. Although the amount of compensation you are awarded can be affected, you still have the opportunity to recover damages.
Expect your injury settlement to be reduced in accordance with your percentage of fault. If shared fault laws are going to 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 have an impact on 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 have your case heard 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.
Get a Lawsuit Loan Alternative in Pennsylvania Today
If you need assistance maintaining financial stability after getting injured in 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.
We offer services in the following PA cities and more: