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For individuals who have suffered a personal injury or negligent accident in Michigan and are facing financial instability, getting a lawsuit loan might be vital. These pre-settlement loans offer essential financial support to plaintiffs while their case is ongoing. The Michigan personal injury loans can help cover medical expenses, daily living costs, or other financial needs. With this, you can achieve financial relief and focus on your recovery and ongoing legal battle.
High Rise Financial is a reputable lawsuit funding company that offers risk-free pre-settlement loans to claimants and personal injury victims across Michigan. Our Michigan lawsuit loans are available to lots of individuals, regardless of your credit score, financial status, or employment history. Also, our personal injury lawsuit loans in Michigan are non-recourse, and you don’t have to repay the cash advance if you lose your case. As such, they are the best alternative to personal or traditional bank loans.
Available Damages in Personal Injury Lawsuits
In personal injury lawsuits, various types of damages can be awarded to compensate the injured party for their losses and suffering. Here are some of the most common types of damages:
Medical Costs: This includes expenses for hospital stays, surgeries, doctor visits, physical therapy, prescription medications, and any other medical treatments related to the injury. Future medical expenses may also be included if ongoing care is needed.
Lost Wages: If the injury causes you to miss work, you can be compensated for the income you lost during your recovery period. This includes both past and future lost wages if the injury affects your ability to earn an income in the future.
Property Damage: If any personal property was damaged in the accident, such as your vehicle in a car crash, you can seek compensation for repair or replacement costs.
Pain and Suffering: These damages compensate for the physical pain and emotional distress you experience as a result of the injury. This can include anxiety, depression, and loss of enjoyment of life.
Loss of Consortium: This compensates the spouse or family members of the injured person for the loss of companionship, affection, and support.
Rehabilitation Costs: Expenses for physical therapy, occupational therapy, or other rehabilitation services to help you recover from your injuries.
Funeral Expenses: In cases where the injury results in death, the family may be compensated for funeral and burial expenses.
Punitive Damages: The judge may also award punitive damages to further punish the defendant for their particularly reckless or malicious behavior and to deter similar conduct in the future.
However, getting a court verdict for your personal injury lawsuit and recovering financial compensation can take longer than anticipated. Rather than struggling financially, you can apply for Michigan legal funding for personal injury lawsuits – instead of a bank loan – before your case concludes.
How Personal Injury Loans Are Better than Traditional Bank Loans
When plaintiffs face financial distress during an ongoing legal case, they have two primary options: personal injury loans and traditional bank loans. Here’s why personal injury loans are often a better choice:
No Credit Checks: Personal injury loans do not require a credit check. This makes them accessible to individuals with poor, bad, or no credit history. Traditional bank loans, on the other hand, often require a good credit score for approval.
Non-Recourse Funding: Personal injury loans are non-recourse, meaning you only repay if you win your case. If you lose, you owe nothing. Conversely, you must repay a traditional bank loan regardless of the outcome of your personal injury case. Unfortunately, this usually adds to the financial risks.
Quick Access to Funds: Personal injury loans are designed to provide quick financial relief, with funds typically available within 24 to 48 hours after approval. In contrast, traditional bank loans can take longer to process. This can delay access to much-needed funds.
Approval Based on Case Merits: The approval for a Michigan settlement loan is based on the strength of your case, not your financial history. This means that even those without stable income or employment can qualify. Traditional bank loans, however, often require proof of income and employment history.
Flexible Use of Funds: The settlement cash advance from a personal injury loan can be used for any expenses, such as medical bills, rent, groceries, or legal fees. Traditional bank loans may have more restrictions on how you can use the funds.
No Monthly Repayments: With personal injury loans, you don’t have to worry about monthly repayments. Repayment is only due if you win your case. Traditional bank loans typically require monthly payments, which can add financial strain.
Support During Legal Battles: Personal injury loans are specifically designed to support plaintiffs during their legal battles, ensuring they have the financial resources to pursue their case without compromise. In contrast, traditional bank loans do not offer this tailored support.
Applying for Our Personal Injury Loans in Michigan
Applying for a personal injury lawsuit loan with High Rise Financial is a quick and straightforward process. The first step is to contact us and express your interest in obtaining a pre-settlement loan. You will need to provide details about your personal injury case, including your attorney’s contact information, and submit any necessary documentation related to your claim.
Once you submit your application, our team will review the details of your case and work closely with your attorney to assess the strength and potential outcome of your claim. If approved, you can receive the funds within a short period, often within 24 to 48 hours. The settlement cash advance belongs to you, and you can use the money to cover medical bills, living expenses, and other financial obligations.
Need Non-Recourse Personal Injury Lawsuit Loans in Michigan? Call Us Today!
If you are going through financial distress while your personal injury case is ongoing, you can apply for our non-recourse lawsuit loans. Get in touch with us at High Rise Financial today for a no-obligation consultation. Our trusted financial specialists can enlighten you about your available legal funding options and assist with your application. Call our toll-free number at (866) 662-0994 today to apply. We are proud to serve clients throughout the state of Michigan.