The sudden death of a loved one due to someone else’s gross negligence can place an immense financial burden on families. However, even if you have a strong wrongful death case, it could be months or even years until you see the money from your settlement.
With legal funding for your wrongful death lawsuit, you can get cash now from your expected future settlement. This pre-settlement loan will help you fight against the stall tactics of the defendant, who will try to stall in the hopes that you accept a smaller settlement than you deserve.
In This Article
What Qualifies as Wrongful Death?
A wrongful death is one that is due to negligent or illegal actions of another person, group, or entity. According to the Centers for Disease Control and Prevention (CDC), 173,040 people died in 2019 due to unintentional injury deaths. This would make wrongful death the third leading cause of death in the nation on average.
Wrongful deaths shouldn’t go unpunished, but lawsuits for them often take a long time to settle in court. If your wrongful death lawsuit is taking too long to reach a settlement, you don’t have to put yourself in financial ruins waiting. A legal funding company can help you to pay off your bills and expenses during the trial.
How Does Legal Funding Work?
Unlike other forms of financing, legal funding is considered to be a nonrecourse debt by the IRS. This means that you have no obligation to repay it from your personal finances, leaving your potential settlement as the only source of repayment Our legal funding is a non-recourse source of cash that you use to pay off various expenses such as:
- Any lingering medical bills
- Mortgage or rent payments
- School or tuition fees
- Groceries and living expenses
- Any financial obligations that the deceased took care of
There are zero restrictions on how you choose to use our legal funding. As an added bonus, because your funds are non-recourse, you aren’t liable for them if your lawsuit doesn’t go as planned. In other words, if you don’t win your lawsuit and receive compensation, you don’t owe us anything in return guaranteed.
Other places that provide lawsuit loans tack on high-interest rates and other hidden fees. You will never have to pay any upfront fees whatsoever when you apply for legal funding with us. We also don’t charge any interest fees or monthly payments on your funds, so you can relax and focus on what matters the most – your lawsuit.
How Much Legal Funding Can You Get?
The amount of wrongful death lawsuit legal funding you can qualify for will depend on the specific circumstances of your case. Your legal funding company will examine the following factors to determine how much pre-settlement funding they are willing to offer you:
- The deceased’s finances and earning power
- The scale of your family’s dependence on the deceased
- Their pain and suffering immediately before their death
- The mental anguish of those around the deceased
Benefits of Pre-Settlement Funding for Wrongful Death Lawsuits
There are several key benefits that legal funding can provide you with during a wrongful death lawsuit.
Getting Money You Need Fast
While you’re fighting your wrongful death lawsuit, you may find yourself in a tight financial situation. Dealing with a wrongful death can be mentally and financially crippling, and you may need support fast to make payments.
When you apply for wrongful death legal funding, our financial experts will work fast to get you approved quickly. You can receive a notification of approval within 24 hours and will receive your funds shortly after. Typically, most people get to cash in their accounts within 48 hours or less.
No Need for a Credit Check or Financial Documents
You don’t have to provide any financial documents such as proof of employment or pay stubs. Additionally, we don’t require your credit score, so there’s no credit check required. Legal funding isn’t like a traditional loan, so there’s no need for anything other than what we ask for on your application.
Defend Against the Insurance Companies
Insurance companies are known to drag out negotiations or trials. While this may seem detrimental on their end, the truth is that doing so actually allows them to gain the upper hand. This is because they are trying to exploit you after suffering from the wrongful death of a loved one.
The longer they delay your settlement, the more frustrating it is to be patient. Combined with a rising amount of debt, this will more than likely make you more willing to settle on the insurance company terms, which means settling for less. Legal funding can provide you with the cash you need to nullify their stall tactics and keep persevering for the settlement you deserve.
Choosing Your Legal Funding Company
A reputable legal funding company will follow a set of industry-wide standards that govern their behavior and the terms of the funding they offer. They won’t exploit and take advantage of you during this stressful and emotional time. They’ll want to provide you with safe and risk-free funding that can help you win the maximum amount of compensation for your claim.
While the legal funding industry is largely unregulated, the standards laid out by the Alliance for Responsible Consumer Legal Funding (ARCLF) provide guidelines that you can use to evaluate a legal funding company.
Beware of companies that charge high interest rates and compounding interest rates, as your case is the only thing that should be evaluated for risk, not your personal finances or credit history. With this information, you’ll be in a better position to find the help you need for your case.
Apply for Legal Funding Today with High Rise Financial
Legal funding can tip the balance of your settlement case in your favor by making you less reliant on your payout. Instead of waiting to receive it, you can take a portion now to help to cover your bills and any other expenses you might face,
You can submit a no-obligation application for legal funding with us for free today. We keep everything completely confidential and will never divulge your personal information to anyone. Apply now to take advantage of this option for your wrongful death lawsuit legal funding.