When you are pressed for cash as your personal injury lawsuit lingers in settlement mode or trial, not all solutions are the same. Lawsuit loans are notoriously bad news for borrowers, as shown by the Center for Public Integrity. By working directly with your attorney, High Rise Financial takes the risk and worry out of the picture. You don’t even have to worry about repayment, as your lawyer will send us a check for the agreed-upon amount once your lawsuit concludes.
As for the handling of your pre-settlement legal funding, there is nothing that requires handling! You submit an application for the funds, our underwriters assess your case and your expected recovery amount, and then we deposit the money in your account in as little as 24 hours. That money is yours to spend as you please. For instance, you might need pre-settlement legal funding to cover expenses like:
- Medical care
- Rent or mortgages
- Property damage repair
- Groceries for your family
- School tuition
- Installation of any medical equipment you now need in your home
If the idea of more cash now seems like just what you need to hold you over while your lawsuit pends, fill out the form on our Apply Now page to get your money in as little as a day.
How Your Lawyer Handles Repayment
High Rise Financial only provides pre-settlement legal funding to clients who are represented by attorneys or law firms. Not only does having an attorney lend your lawsuit more viability, but it also greatly increases the chance that you will end up with a sizable settlement or jury award. As an added perk, we work directly with your lawyer so that you don’t have to worry about the repayment process. Here’s a breakdown of how it works.
- Your pre-settlement legal funding is deposited into your bank account.
- If you need more as your case wears on, you can work with our underwriters for additional funding.
- Your case finally resolves, and you win a settlement or jury award.
- When your attorney gets the check from the at-fault party, they send the repayment amount to High Rise Financial.
- You keep the rest of your compensation package, minus whatever lawyer’s fees are applicable.
- No monthly repayments or compound interest! The repayment process is over.
When You Lose Your Lawsuit
Pre-settlement legal funding is a form of non-recourse debt. The difference between recourse and non-recourse debt is staggering. While a recourse loan (such as a lawsuit loan or cash advance) holds you personally liable for repayment, pre-settlement legal funding does not have to be repaid if you lose your lawsuit.
This is why we can say that the pre-settlement legal funding provided by High Rise Financial is no-risk. You don’t have to worry about paying us back if you get no compensation, and you aren’t locked into costly monthly payments that force you to end up paying two or three times what you borrowed.
Qualifying for Pre-Settlement Legal Funding
At High Rise Financial, we have provided up to $250,000 to clients in as little as 24 hours. But how do you know whether you qualify? Before you even start to apply, make sure you fit these few requirements for eligibility.
Pre-settlement legal funding is designed to help personal injury claimants through their lawsuit process. Personal injury law, though, is a huge category and includes lots of different case types. Most will qualify for funding, but a quick glance at the clients we have helped in the past shows the range of cases we take on.
- Slip and fall accidents
- Medical malpractice
- Faulty medical devices (hip implants, transvaginal mesh, etc.)
- Dog bites and animal attacks
- Auto accidents
- Nursing home negligence
Have an Attorney
Since your lawyer handles the repayment of your pre-settlement legal funding, you MUST be represented by an attorney or law firm to be eligible for assistance from High Rise Financial. Plus, it’s just a good idea to have a lawyer on your side.
Apply Today for FREE
If you are represented by an attorney and have an eligible case, fill out the form on our Apply Now page to have money in your account in as little as 24 hours. Make sure to include information relevant to your case, like:
- The severity of your injuries
- Your expected compensation package
- Details about the incident that injured you
- Contact information for you and your lawyer
Unsure whether your case is eligible for pre-settlement legal funding? Have any other questions or concerns about the process? Give us a call at (877) 823-4377 or email us through our contact page and we will be happy to help.