A traumatic brain injury (TBI) can leave you with long-term health complications for which you have to pay out of pocket as you await your pending settlement. There are medical bills to pay and living expenses to cater to, not to mention that most victims who sustain TBIs lose income through having to take time off work. A pre-settlement cash advance can alleviate your financial worries, enabling you to cover daily expenses while waiting for your settlement check.
High Rise Financial was established to help claimants like you—people who’ve sustained TBIs. We have a hassle-free application process, and our representatives are ready to set you up with your traumatic brain injury lawsuit loan quickly. We also provide legal funding on a contingency basis, meaning you’re only obliged to pay if you win your case.
The Impacts of TBIs on Victims
Approximately 1.7 million individuals suffer TBIs from incidents such as slip-and-fall accidents and physical assaults. Car accidents are the second-leading cause of TBIs, accounting for 17.3% of annual cases. Regardless of the cause, TBIs have both short- and long-term effects on the victims and their families, and the financial costs can be enormous.
Long-term impairments and disabilities related to TBIs are severe, and the full human cost is incalculable. Disabilities stem from the damage inflicted to the brain and the neuropsychological systems, leaving the victim suffering in the aftermath of an injury for a long time. Often, a sufferer has difficulty performing everyday tasks and can develop psychological health problems, including:
- Problems with basic cognitive functions
- Progressive dementia
- Inability to interact and socialize
- Aggression, depression, and violent mood swings
- Persistent vegetative state
If you experience emotional blackouts and other mental health episodes, you could claim a large settlement to cover your medical treatments and tests and replace lost income due to the injury. However, monetary compensation can’t restore a victim’s mental and physical fitness, which is why the court may impose punitive damages on the negligent party to punish them and discourage them from engaging in similar behavior in the future.
How Much Legal Funding Can You Get for Your TBI Lawsuit?
It’s difficult to give a specific amount as the standard loan for TBI lawsuits because several factors must be considered. Typically, the loan’s value depends on the facts and circumstances of your case. Our underwriting team will work together with your attorney to determine:
- Your economic and non-economic damages
- The expected settlement amount
- Outstanding financial obligations related to your claim
- The history of jury awards for similar lawsuits
Once we’ve evaluated these facts, we’ll have a clearer and more accurate idea of your pending settlement fee. We consider these variables when determining how much we can offer, as you rely on the compensation you receive to repay the loan.
Types of Legal Funding for TBI Lawsuits
Although legal funding is provided for a wide range of personal injury cases, TBI lawsuit plaintiffs can access two types of loans from High Rise Financial. These include:
Car Accident Lawsuit Loans
Car accident legal funding is available to car crash victims who’ve sustained TBIs. These collisions are usually expensive, leaving you with bills and liens to pay. At the same time, life continues, and you still need to cover your daily expenses.
Because it can take months (and sometimes years) to receive your settlement check, legal funding provides the funds you need to cover the costs related to the accident and bridge the gap in your lost income.
Slip-and-Fall Legal Funding
Over eight million Americans go to the emergency room annually due to slip-and-fall injuries, with most victims being senior citizens. Many of these victims file lawsuits with no certainty of expedited compensation. You can depend on us to provide a slip-and-fall TBI lawsuit loan to help you cover any pre-settlement financial obligations.
Nonetheless, it’s important to understand that slip-and-fall claims can take a long time to settle. Within the timeline of an average slip-and-fall claim, you must satisfy the following steps:
- Undergo and complete medical procedures and treatments
- Partner with an attorney to discuss the case and determine whether it qualifies for pre-settlement funding
- Gather medical and police reports and evidence
- Fill out all the legal paperwork with high adherence to deadlines
- Negotiate with the defendant’s insurer or take the case to trial
As you may have guessed, it can take months before you even begin negotiations. A court trial only delays the case, pushing your settlement date further into the future. Courts deal with hundreds of claims daily, and it’s difficult to predict when yours will be heard or how long you’ll have to wait for compensation.
How You Can Spend Your Pre-Settlement Legal Funding
There are no strings attached to the legal funding we provide, and you can plan for it however you deem fit. It differs from other loans that require borrowers to use them for specific purposes. With the freedom we offer, you can use legal funding to cover the following expenses:
- Medical bills and medication costs
- Replacing lost income/wages
- Rent or mortgage payments
- Repairing, replacing, or restoring damaged property (e.g., a car in the event of a road crash)
- Assisted living or nursing home services
- Daily expenses (e.g., groceries, utilities, tuition, and school fees)
Why Take Out TBI Pre-Settlement Funding?
With so many loan options available, what makes legal funding the best alternative? The answer is simple: financial security. Our legal loans help you protect your financial assets in several ways:
Non-Exploitative Interest Rates
Unlike traditional bank loans, pre-settlement legal funding includes a flat fee with no interest. The application process is simple and fast, with 24- or 48-hour approvals.
The IRS recognizes legal funding as a non-recourse loan. Therefore, the only collateral required is your settlement, not your personal assets. Further, if your case goes awry, and you don’t receive any compensation, you’re not obliged to pay back the amount.
Small Settlement Avoidance
Most claimants are forced to accept the first settlement an insurance company offers because their financial responsibilities mean they can’t wait for their case to be resolved. Legal funding alleviates your financial worries, leaving your lawyer ample time to pursue your case for maximum compensation.
Get TBI Pre-Settlement Funding Fast with High Rise Financial
With medical bills, lost income, and daily expenses trailing you after suffering a TBI, you can find yourself overwhelmed and financially starved as you wait for your lawsuit to conclude. Don’t stress—High Rise Financial can offer you TBI legal funding to help cover your claim-related expenses and living costs as you wait for your settlement. Contact us today and have your loan processed within 24 hours.