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Finally reaching a fair settlement value that covers your losses or damages after a lengthy compensation lawsuit is a relief. However, there can be delays in the settlement payment process. Administrative procedures, court approvals, and the time to complete the required documentation can affect when you receive the anticipated compensation. Rather than wait, you can apply for post-settlement funding from High Rise Financial. Access to our financial services can help cover already piled-up bills, outstanding medical payments, and urgent personal expenses.
What is Post-Settlement Funding?
Post settlement funding is financial assistance offered to you on the basis that you have won your legal claim for settlement, but the money is not accessible to you yet. Here is a breakdown to understand how this cash support service can work for you as a plaintiff with a successful compensation case:
- Funding is based on confirmed settlement proceeds
The major eligibility requirement for post settlement funding application is proof of a signed compensation contract. The figures and details of the payout will be included as you request financial assistance as well as a pending receipt of the settlement won in court.
- Post-settlement funding is not the same as a bank loan
Borrowing from the bank would involve a guarantee that you can repay, and although you have proof of compensation, you may not receive your settlement before the due date that the bank proposed. It often means having to put your personal assets up for collateral, which may be considered financial risks to your valuable assets. Eligibility for post settlement funding in High Rise Financial is more straightforward because only case-related documents matter.
- Repayment is only after the settlement funds are received
Post settlement funding has a fair repayment system. They are non-recourse, meaning you can focus on your recovery from the accident that led to the trial without worrying about monthly installments or a set deadline. You are not in debt when you receive this type of legal funding, and the cash received does not show up as credit in your reports. You only have to repay this kind of financial assistance when you eventually receive your settlement.
Cases that May Qualify for Post-Settlement Funding
When you apply for financial assistance while your agreed settlement amount is pending, the post settlement funding company you apply for will verify your case claims. For High Rise Financial, these are common types of lawsuits we provide cash support to following a trial resolution with compensation:
- Car accident settlements
- Personal injury claim lawsuits
- Medical malpractice lawsuits
- Slip and fall accidents
- Product liability settlements
- Workplace injury lawsuits
- Sexual assault settlements
Required Documentation for Post-Settlement Funding Application
With the absence of collateral involving a bank or credit union, the documentation for a post-settlement cash support is entirely litigation-based. Funding companies use these documents to verify that your personal injury claim or compensation lawsuit has been resolved, and there is a pending settlement. Common documentation required includes:
- A copy of the settlement agreement
- Contact information of legal representation
- Identification documents required to process your funding request
- Documentation showing any liens or deductions that may affect the final settlement amount
You don’t have to worry much about the legalities involved. Our team at High Rise Financial will work with your attorney to promptly verify funding application documents.
Choosing a Post-Settlement Funding Company
Caution is required before entering into any financial agreement during the waiting period for the settlement approved during your compensation lawsuit. High Rise Financial is an experienced funding provider for both pre-trial and post-settlement cash agreements.
Here are the reasons to consider partnering with us over financial needs before settlement funds become available in your account:
- Clear and transparent funding terms
Plaintiffs choose High Rise Financial because of the post settlement funding contract without any hidden fee details. There will be no secret deductions, so you can know how much we charge upfront based on your specific case details.
- Professional legal support team
Our application process is made easy through a responsive support team that ensures you get answers to your funding questions. Even when applying for the first time, we have simplified the steps to request our post settlement funding.
- Years of post-settlement funding
Our successful track record of cases supported after settlement is reason to trust us with funding you the perfect financial package that takes the cash pressure off you. High Rise Financial has been in the business of offering post settlement support for years.
Understanding the Spending Policy for Post-Settlement Funding
Post-settlement funding can be spent as you wish. There is no limitation to specific expenses or only court costs. This type of legal financial support works just as if you have received the approved settlement based on your compensation agreement. Many plaintiffs use the claim resolution support we offer them for expenses such as:
- Rent or mortgage payments
- Outstanding medical bills
- Daily living costs
- Payments of debts
It is your responsibility to make the best use of the funds as you await the payment of the approved settlement to your account. High Rise Financial does not make that decision for you.
How to Apply for Post-Settlement Funding with High Rise Financial
There is no payment barrier to applying for our post settlement funding services at High Rise Financial. The review process is free of charge, and fees are only requested on the final repayment amount. These are the steps to apply:
- Provide your settlement details
Contact our funding specialists with information about the outcome of your compensation lawsuit. Ensure it clearly indicates you have an agreed settlement that mentions the value of the expected payout amount.
- We review your documentation
Our decision to offer you post settlement funding is strictly based on our evaluation of your settlement offer. We will contact your attorney to verify documents.
- Get funding approval and payment
Post settlement funding is a faster way to access cash after winning your case. Expect a prompt review and approval decision from High Rise Financial. Funds will be transferred to you if selected, while you wait for the official compensation.
Get Post-Settlement Funding to Cover Your Financial Expenses Pending Compensation Disbursement
Do not let financial pressure slow down your recovery. Timely access to funds as a portion of the compensation approved can cover unpaid bills and other expenses. Moreover, High Rise Financial offers post settlement funding with no application fees and respect for your confidentiality. Apply today for our services to access flexible funding to manage expenses as you wait for settlement disbursement.