High Rise Financial offers pre-settlement legal funding for personal injury claimants. Even better, our repayment process requires no effort on your part and comes directly out of the compensation package when your lawsuit resolves. You don’t have to make payments ahead of time, and your attorney handles the repayment process once your case settles. It’s that simple!
Unlike risky lawsuit loans, pre-settlement legal funding from High Rise Financial is non-recourse, as categorized by the Internal Revenue Service. This means that you don’t have to pay us back if you don’t win your lawsuit. It also means that we don’t go after your personal finances, even if your compensation package is not enough to cover the amount you owe us. Non-recourse debt protects the borrower from things like wage garnishment, where the lender takes part of your paycheck until the debt is paid.
So, when do you have to start paying back your pre-settlement funding? Well, you don’t “start” paying us back at all. When your attorney gets the check from the at-fault party in your case, they send us the agreed-upon repayment amount, closing the matter.
How Pre-Settlement Legal Funding Can Help You
Lawsuits take a long time to settle in many cases, sometimes even lasting years before resolving. During that time, you and your family may lose out on income due to your injury while bills start to mount. Pre-settlement legal funding can help you in a variety of ways, such as those listed below.
Paying the Bills
The most obvious way that pre-settlement legal funding can help you is by giving you the cash you need to meet expenses in the here and now. Unlike other forms of monetary assistance, like medical loans, pre-settlement legal funding allows you the flexibility to spend your money how you need to spend it. Use it for anything, like:
- Rent or mortgage payments
- School tuition
- Medical expenses
- Repairing damaged property from your accident
Easing the Pressure
A crucial side effect of getting pre-settlement funding and having money on hand to meet your needs is that it takes the at-fault party’s stall tactics away. Typically, opposing parties and their insurance companies try to prolong the settlement negotiation or trial process in the hopes that you will become desperate enough to agree to a lowball settlement offer.
Pre-settlement funding allows you to wait out the time it takes for your attorney to secure the compensation you truly deserve.
Cases That Qualify for Funding From High Rise Financial
As an authorized lender, High Rise Financial is a safe way for borrowers to get the money they need in as little as 24 hours after submitting an application. But before you fill out the form for pre-settlement legal funding, check to make sure that your case meets our requirements.
Personal Injury Lawsuit
First, you must have a valid personal injury lawsuit filed in court. According to the American Bar Association, personal injury law includes a wide range of cases that involve damages due to the negligence or liability of another party. Some of the cases we have funded in the past include:
- Auto accidents
- Slip and fall incidents
- Medical malpractice
- Nursing home negligence
- Defective medical products, such as transvaginal mesh lawsuits
- Dog bites
It’s not only a good idea to have an attorney on your side in order to secure an appropriate compensation package — but it’s also required before you can get your pre-settlement legal funding. We require you to have an attorney or law firm on your case for a variety of reasons, primarily because legal representation adds validity to your claim and because a lawyer stands to make you far more money than you otherwise might receive.
Plus, High Rise Financial will work directly with your attorney when it comes time to repay your funding. When they get the settlement check or jury award from your lawsuit, the attorney will write a check to us for the agreed-upon amount. This is also of benefit to you since it means you don’t have to worry about remembering to make monthly payments. Nor do you have to consider exorbitant compound interest accruing every month!
Applying for Your Pre-Settlement Legal Funding
Are you interested in getting the cash you need to meet your family’s needs during the course of your lawsuit? Don’t turn to risky lawsuit lenders. Instead, get pre-settlement legal funding from High Rise Financial by filling out the form on our Apply Now page today.
Our underwriters have approved up to $250,000 when cases merit such funds, and the money can be in your account in as little as a day. With no worries about repayment, there’s nothing stopping you!
For questions about the process, email our team through our contact page or call us today at (877) 823-4377.