Sometimes, the best way to maximize your settlement in a personal injury lawsuit is to hold out for a fair settlement. However, that may be difficult to do if you’re counting on that settlement money to cover your bills while you’re out of work. Pre-settlement funding may be the solution that will allow you to stay afloat while you make the most of your claim.
You want to hold out for what you deserve, but you may need to accept a smaller settlement quickly out of desperation. The insurance companies understand the predicament injury victims are in, and they use this to their advantage. High Rise Financial offers plaintiffs pre-settlement funding that will give you the cash advance you need to see that justice is served.
What Is Pre-Settlement Funding?
Pre-settlement funding is a type of legal funding that is similar to a lawsuit loan, but with one key difference: it’s risk-free. If you take out a traditional lawsuit loan, you will still have to repay the funds that are advanced to you plus interest, even if your case loses. If you can’t afford to cover your bills now, you can’t afford to pay this loan back out of your own pocket, right?
When you work with pre-settlement funding companies, you won’t have to worry about being stuck with the bill if your personal injury lawsuit is not successful. Why? Because you only pay us back if you win. If your case reaches a successful conclusion, you will repay us the amount of the loan plus interest out of your settlement. If it’s not successful, you pay us nothing.
How Does Pre-Settlement Funding Work?
When you contact High Rise Financial about pre-settlement funding, we will get in touch with your personal injury attorney to discuss the specifics of your case. Before we agree to provide funding to a plaintiff, we must conduct a thorough review of the claim to determine whether or not it’s likely to settle.
If after working with your attorney we decide to go ahead and offer you a loan, you and your attorney will complete documentation, and then you’ll enter into the approval process. If you’re approved, you can receive a cash payout based on your potential settlement within as few as 24 to 48 hours.
How Does Pre-Settlement Funding Determine Your Loan Amount?
The amount of your pre-settlement funding will depend on the evidence in your case. Our representative will go over your medical bills, paycheck stubs, and other evidence in your claim to determine its value. You can get more than one pre-settlement funding loan at a time, but the law states that the total amount of the combined loans cannot exceed 20% of your lawsuits’s total value.
What Are Pre-Settlement Funding Rates?
Most plaintiffs are satisfied with their pre-settlement funding when they work with High Rise Financial, as you can see from our Google pre-settlement funding reviews. We have more than 370 reviews, and 96% are five stars. When a plaintiff is not satisfied, it is typically because they did not review or understand the pre-settlement funding interest rates ahead of time.
A reputable pre-settlement funding company will be completely transparent about their interest rates and the process. We are dedicated to making sure our clients understand our rates and what their settlement could look like after we’ve deducted our fees.
What if My Lawyer Says No to Pre-Settlement Funding?
Some personal injury attorneys may refuse to sign-off on pre-settlement funding loans. There are generally two reasons this happens:
- They believe the interest rate is too high: A lawyer may not agree to let you pursue pre-settlement funding because they don’t want you to lose a chunk of your settlement. While it’s understandable that they would be concerned, the attorney is not in your same financial situation, so the circumstances may look different to you.
- They don’t want to violate attorney-client privilege: Working with a representative from High Rise Financial means lawyers must disclose sensitive information. Some attorneys are reluctant to do this.
If you need lawsuit loan pre-settlement funding and your lawyer is not cooperative, you may need to find a new attorney. You’ll also want to check the agreement you signed with your lawyer to make sure there isn’t any language written in that prohibits this type of funding.
Get Pre-Settlement Funding With High Rise Financial
High Rise Financial offers a solution while you wait for the settlement process to reach its conclusion. Reach out to one of our representatives to find out if pre-settlement funding is the right choice for you. Call us at (877) 735-0016 to get started.