Personal injury lawsuits can take months to settle, and sometimes even years. That timeline severely harms the injured person. This is because injuries often leave people unable to earn an income while hospital bills, medication fees, and necessary medical equipment bills rise.
In fact, the opposing side in your case (along with their insurance company) count on this reality. In many cases, they hope to stall negotiations until you become so desperate you settle for a compensation package worth far less than you deserve.
If the above picture sounds bleak, there is hope. When you find yourself in the middle of a drawn-out personal injury lawsuit, consider getting pre-settlement legal funding from High Rise Financial.
This is a safe, risk-free, effective way to get the money you need to hold out for a better compensation package. If you have a personal injury claim, fill out the form on our Apply Now page to start the process of getting your money, fast.
How You Can Use Pre-Settlement Legal Funding
Some forms of lawsuit lending come with specific expenses for which they can be used. Even worse, they often include compound interest that forces you to wind up paying two to three times as much as you borrowed. One of these options is called medical funding, for example. According to NerdWallet, medical funding requires you to spend the financial assistance only on medical expenses, and it is often the most expensive way for you to get your bills paid.
Unlike these lawsuit loans, pre-settlement legal funding operates differently. For starters, you don’t have to spend the cash on anything in particular. It’s your money, and you can use it however you need. Common expenses that people use pre-settlement legal funding to pay off include:
- Medical bills and equipment for the home
- Property repair or replacement (such as a car if you were in an auto accident)
- Clothes, food, etc. for you and your family
- Daily expenses like gas
Qualifications for Pre-Settlement Legal Funding
High Rise Financial provides pre-settlement legal funding for clients with personal injury lawsuits. However, there are a few qualifications you must meet before you can apply.
You Must Have a Valid Lawsuit
First, pre-settlement legal funding is only available for clients who have an existing personal injury claim filed in court. You don’t have to actually go to trial, and most personal injury claims actually settle before that point. However, we require you to have a lawsuit on file so that our underwriters can verify your situation.
You Must Have a Personal Injury Case
Most personal injury claims qualify for pre-settlement funding, and below are a few types of cases we have helped fund in the past. If you do not see your case type on the list, call us today to discuss the possibility of pre-settlement legal funding.
- Auto accidents (including trucks, motorcycles, pedestrians, and bikes)
- Slip and fall claims
- Medical malpractice
- Nursing home negligence
- Product liability
- Faulty medical devices (for example, transvaginal mesh class action suits)
You Must Be Represented By an Attorney or Law Firm
You can only get pre-settlement legal funding from High Rise Financial if you have hired a lawyer or firm to represent you. This is for a number of reasons. First, having a lawyer is always a good idea and usually results in a much larger settlement or jury award for you (even after lawyer fees are taken into consideration). Secondly, High Rise Financial works directly with your attorney when it comes time for repayment. Here’s how our process works:
- You get pre-settlement legal funding from us to spend as you need
- You win your lawsuit, getting a compensation package
- Your attorney receives a check in the mail from the at-fault party
- Your lawyer then writes High Rise Financial a check for the agreed upon amount
- You keep the rest of your compensation (after attorney’s fees)
High Rise Financial’s Pre-Settlement Funding Is Safe
Only you know your personal financial struggles to judge whether you need pre-settlement legal funding. However, don’t let fear over predatory lenders keep you from getting the money you need. High Rise Financial protects you by offering what the IRS calls “non-recourse” debt. This form of debt acts in your favor by NOT holding you personally liable.
Here’s what that means in clear, transparent language: if you lose your lawsuit, you do not owe us anything! How’s that for keeping the borrower in mind?
We also offer our pre-settlement funds with no compound interest, instead charging a flat fee that you agree upon beforehand. Once it comes time for repayment, your attorney simply sends us the amount you owe and that’s that. There are no pesky monthly payments to worry over or try to budget for.
Get Your Pre-Settlement Funds ASAP
If you could use some extra cash to hold you over while your lawsuit settles, fill out the form on our Apply Now page. Our underwriters work quickly and efficiently, often approving up to $250,000 that can reach your bank account in as little as 24 hours.
Our application process is entirely online, but feel free to call our office at (866) 407-6404 if you have questions or concerns.