Car crashes, slip and fall accidents, medical malpractice, defective product claims… they all have one major thing in common. They are unplanned. You don’t expect to be in a car wreck. You don’t expect a product you buy to be so shoddily-made that it injures you during normal use. Still, these incidents happen. When they do, they often cause serious injuries that lead to missed work, high medical expenses, and more.
Many people seek compensation from the at-fault party after a significant personal injury incident. With help from a skilled attorney, you may be able to arrive at an appropriate settlement or sue the at-fault party for the compensation you deserve. However, these processes take time, and your bills do not wait.
High Rise Financial offers pre-settlement legal funding for people waiting on their claims to resolve. That way, you can work on settling your claim without having to worry about financial woes. Get all the answers to your pre-settlement legal funding questions here.
What Is Pre-Settlement Legal Funding?
Lawsuits are notoriously laborious and may take a long time to resolve. Settlement negotiations can last for months (sometimes even over a year), and if they do not come to a satisfying conclusion, you may have to take your claim to court. When all is said and done, you may have to wait years before you get the compensation you deserve for your injury. Unfortunately, bills and expenses do not wait that long.
That is where pre-settlement legal funding comes into play. While your case works toward a resolution, a lender like High Rise Financial can provide you with the funds you need to stay afloat. Importantly, pre-settlement legal funding is different from a lawsuit loan and comes with reduced risk.
Pre-Settlement Legal Funding Is Not a Loan
With pre-settlement legal funding, you draw forward from your own settlement. The money you get from High Rise Financial is directly paid back to us from your eventual settlement amount, leaving you with the rest of your recovery package. There are no monthly repayments to worry about. Even better, if your case does not go the way you planned and you wind up without compensation, you do not have to pay back your pre-settlement legal funding. That’s what we mean when we say it’s “no risk.”
Pre-Settlement Funding Is the Way to Go
So what is pre-settlement legal funding? In short, it’s the solution to your financial burdens while you wait for your personal injury lawsuit to resolve. It’s a way to get the money you need now with no risk and minimal effort on your part. You don’t even have to worry about repayment. Your attorney sends High Rise Financial the amount you owe once your settlement check arrives. Apply now to see if you qualify for a pre-settlement loan that can change the outlook in your lawsuit settlement negotiations.
How Does Pre-Settlement Legal Funding Work?
Pre-settlement legal funding can get you through the financially difficult period during which your lawsuit is being settled or taken to court. The process for application is simple and can be broken down into just a few steps.
1. Be Eligible for Pre-Settlement Legal Funding
To get funding now, you have to meet certain criteria. You need to have a valid personal injury claim, file a lawsuit with the court, and be represented by an attorney.
2. Apply Online
Enter your information in High Rise Financial’s online form. We will need some basic contact information as well as details about your case to help the evaluation process go smoothly.
3. Await Evaluation
Once you submit your application, our underwriters will delve into your case. They look for indicators of the potential settlement you can expect to receive in your claim. Some factors that influence the value of a personal injury claim include:
- Severity of injuries
- Amount of lost income
- Property damage
- Significant changes to your mental health
- Prior settlements in similar cases
4. Get Your Money
In some cases, if the facts of the case merit it, High Rise Financial has paid out up to $250,000. If approved for pre-settlement legal funding, you can get your money in as little as 24 hours from the time you apply!
5. Get Your Settlement
Unlike a lawsuit loan, pre-settlement funding does not have to be repaid if you end up losing your claim. You also do not have to make monthly payments. Instead, the amount of money given to you by High Rise Financial is paid directly out of your settlement, leaving you with the additional cash.
What Are Lawsuit Loans?
Lawsuit loans can sound similar to pre-settlement legal funding, leaving many consumers confused about what they are getting into. In reality, a lawsuit loan is a far riskier option than pre-settlement legal funding, even though both provide cash relief to a person waiting for a personal injury claim to resolve.
At its core, a lawsuit loan is a loan that gives the borrower money while their case reaches either a settlement arrangement or jury award. However, lawsuit loans often come with high interest and can put borrowers on the hook for monthly payments even if they lose their lawsuit. Instead of helping the injured person’s financial situation, the lawsuit loan actively harms it in this instance.
Why Pre-Settlement Legal Funding Is a Better Alternative
With a lawsuit loan, you might be on the hook for exorbitant interest rates, monthly payments, and even additional penalties like wage garnishment if your loan is a recourse loan. Instead, consider pre-settlement legal funding like the services provided by High Rise Financial. Unlike a lawsuit loan, pre-settlement legal funding does not have to be paid back if you lose your case. That means it’s a no-risk option! Also, High Rise Financial uses a flat fee structure rather than compounding interest like some lawsuit loan companies, so you won’t end up with a bill worth far more than you initially borrowed. Other benefits of pre-settlement legal funding include:
- Cash in your account in as little as 24 hours
- Non-recourse, so you aren’t personally liable
- Easy repayment process
Instead of taking out a potentially predatory lawsuit loan, consider getting pre-settlement legal funding from High Rise Financial. Apply now, give us information about your case and its potential settlement value, and our underwriters may provide you with up to $250,000 in cash now!
What’s the Difference Between Lawsuit Loans and Legal Funding?
If you need increased cash flow while your lawsuit is pending, you might consider several options. Lawsuit loans and legal funding are the two most common, but you should be aware of how different they are. At the core, the two types of funding differ in the application process, the repayment plan, and the overall risk. Legal funding, like that provided by High Rise Financial, is much safer and comes with more benefits than a simple lawsuit loan.
If approved for a lawsuit loan, you sign a contract to pay back the loan in its entirety and any additional fees. If you do not make a recovery in your personal injury claim, you may be on the hook to pay back significant amounts of money. This could leave you worse off than you were when you took out the loan!
Legal funding is an altogether different story. When you get legal funding from High Rise Financial, you do not have to undergo a credit check. You don’t have to show proof of employment, nor do you have to supply paperwork on your financial situation. Also, unlike a loan, you will not sign on for monthly payments and hidden fees.
Instead, High Rise Financial provides you the money, and you repay the funding through the settlement or jury award you receive. Then, you keep whatever is left over! Remember — by getting legal funding, you remove the immediate financial pressure that the opposing side in your case uses as leverage. Often, you will get a larger settlement than you otherwise would receive, as you can work toward a much better deal without worrying about getting cash as soon as possible.
If you do not make a recovery, you do not have to pay legal funding back, unlike a lawsuit loan. In this way, legal funding is a much lower risk than a lawsuit loan.
Why Is Pre-Settlement Legal Funding Better Than a Lawsuit Loan?
You filed a lawsuit against a person who injured you, and now you’re playing the waiting game. At-fault parties and their insurance companies often stall negotiation proceedings, knowing that you might become desperate enough to settle for a small compensation package. People have been in that same exact situation before, and they’ve turned either to lawsuit loans or pre-settlement legal funding. Here’s why it’s always better to get legal funding instead of taking out a loan.
Legal Funding Comes From You
When you get pre-settlement legal funding from High Rise Financial, we provide you with the cash you need to stay afloat while your case settles. But it’s not really our money we’re giving you. Once you receive compensation in your case (whether through a settlement or jury award), we get paid directly out of that amount. Essentially, it’s like borrowing from yourself. Plus, if you don’t make a recovery in your case, you don’t have to pay us back!
On the other hand, a lawsuit loan is just that — a loan. If approved for one, you will have to sign a contract to pay the lender back the full amount of the loan, plus any additional fees. Usually, that means you sign up for monthly payments even if you lose your case and do not make a recovery.
Legal Funding Is Less Invasive
When you apply for pre-settlement legal funding, the underwriters at High Rise Financial simply look at the details of your personal injury case to determine your eligibility and the amount of funding we can provide. Unlike taking out a lawsuit loan, you don’t have to give us invasive data about yourself.
- No credit check
- No job status verification
- No income or financial proof required
If you need money to take care of business while your personal injury lawsuit settles, the best choice is pre-settlement funding through an authorized lender like High Rise Financial.
How Is Pre-Settlement Legal Funding Different From Personal Loans?
Pre-settlement legal funding is a part of the lawsuit lending industry, but it differs significantly from a personal loan. As anyone who has taken out a personal loan knows, borrowing from a lender can be a scary affair. You may have suffered from lenders who provide you money only to burden you with extraordinary interest rates or steep monthly payments. With pre-settlement legal funding from High Rise Financial, you don’t have to worry about these issues.
Pre-Settlement Legal Funding Is Non-Recourse Debt
Loans come in two types: recourse and non-recourse. With recourse debt, the borrower (you) is held personally liable for the full loan amount, plus interest and fees. A typical example is a home loan. If you default on a home loan, the bank can take your house. But if the loan you took out was recourse in nature, the bank can go even further. If the collateral (in other words, the value of your home) does not cover what you owe, they can demand further payment from you and can even take part of your paycheck.
With a non-recourse loan, the most the bank could do is seize the collateral. Even if you defaulted on your home loan and the value of your house was not enough to cover what you owed, the bank could only take your home. In this way, non-recourse debt protects the borrower from being dogged or pursued by relentless and predatory lenders. High Rise Financial offers exclusively non-recourse funding to ensure that you are protected and your worries are eased.
This has a significant effect on your funding. Since we provide you with non-recourse funds, you don’t have to pay us back if you lose your claim. Unlike other lenders for personal loans or lawsuit loans, or even institutions that offer cash advances, you won’t be on the hook for monthly payments if you don’t get any compensation.
What’s the Difference Between a Cash Advance and Pre-Settlement Legal Funding?
There are many ways to get money while you wait for your personal injury claim to resolve. Some of the most popular options are cash advances and pre-settlement legal funding. However, there are significant differences between these two choices. As you will see, pre-settlement funding from an approved, reputable organization like High Rise Financial is the far better option for a variety of reasons.
Pre-settlement loans from High Rise Financial are non-recourse, which has numerous benefits. If the cash advance you received was a recourse loan, the lender could hold you personally liable for the full value they are owed (including taking money out of your paychecks in the future). With non-recourse funds, that risk is gone. Plus, non-recourse pre-settlement funding does not have to be repaid if you end up losing your case. Since the repayment comes directly from your settlement amount, you don’t have to pay us back if you don’t get a settlement or jury award.
The Similarities Between Cash Advances and Pre-Settlement Funding
Even though pre-settlement legal funding from High Rise Financial avoids all the pitfalls of a cash advance, it retains all the positive elements:
- You get your money quickly, sometimes within 24 hours.
- You get cash in your account, so you can spend it as you please.
- You take the financial pressure off yourself as your lawsuit pends.
If you are stuck waiting for a personal injury claim to settle or go through the court system, you might end up waiting for years. In the meantime, get pre-settlement legal funding from High Rise Financial to protect your interests, pay for any necessary expenses, and avoid predatory lenders.
What’s the Difference Between a Settlement Loan and Pre-Settlement Legal Funding?
There are numerous kinds of funding available for people waiting on their personal injury lawsuit to settle. Some of the most popular include:
- Lawsuit loans
- Settlement loans
- Cash advances
- Pre-settlement legal funding
While these all may sound quite similar and are sometimes used interchangeably by certain companies, there is a significant difference between the pre-settlement legal funding provided by High Rise Financial and settlement loans. The main issue has to do with risk.
Pre-Settlement Legal Funding Is No-Risk
When you get a settlement loan, you get just that: a loan. These typically function like other loans, requiring you to make monthly payments even if you end up losing your claim. On the other hand, pre-settlement legal funding is a form of non-recourse debt, meaning that it comes at no risk to you.
- If you lose your case, you don’t have to pay us back!
- If you win your case, we get repaid directly from your settlement package or jury award.
When you are in need of cash now, you shouldn’t have to worry about getting swindled by unethical lending companies. Trust an approved lender like High Rise Financial for no-risk pre-settlement legal funding instead.
What’s the Difference Between Non-Recourse Loans and Pre-Settlement Legal Funding?
Terms surrounding finances, funding, lawsuits, and debt can be exceedingly complicated and difficult for laypeople to understand. For example, “non-recourse” versus “recourse” debt are terms that most people do not use on a daily basis, but they have drastic implications when it comes to finances. The difference is that recourse debt holds the borrower personally liable for the full repayment amount, whereas non-recourse debt does not. For instance, if you have a non-recourse home loan, the most the bank could do is seize the collateral (your house). They would be unable to pursue further payment through tactics like taking part of your wages, whereas they would be able to use those tactics if your loan was a recourse loan.
Pre-settlement legal funding from High Rise Financial is non-recourse, so it does not hold you personally liable. However, it is also different from a typical non-recourse loan because it isn’t a loan per se.
Why Pre-Settlement Funding Isn’t a Loan
With most loans, even non-recourse ones, you sign up for a repayment structure. You might be locked into monthly payments regardless of the outcome of your case. However, High Rise Financial’s funding is paid back directly from your eventual compensation. That means there is no credit check, no need to prove employment, no looking at your taxes, and no monthly payment plan.
Plus, if you lose your case, you do not have to pay us back! That’s how High Rise Financial protects you while giving you your money now.
How Is Pre-Settlement Legal Funding Determined?
The amount of your pre-settlement legal funds depends on a variety of factors. However, unlike other forms of funding like settlement loans, cash advances, or personal loans, pre-settlement legal funding is not based on your personal creditworthiness or financial situation. Instead, the amount you can get from High Rise Financial is determined by our knowledgeable underwriters after checking out the likely value of your eventual settlement.
Factors That May Increase Your Funding
In some cases where the facts merit such drastic measures, High Rise Financial has provided clients with up to $250,000 in as little as 24 hours after application. The details of your case that might increase how much you can borrow from us are the same details that increase the amount you might expect from a future settlement or jury award. They include:
- The severity of your injuries
- Any property damage sustained in your accident
- Changes to your personality or mental state
- The at-fault party’s insurance coverage
By speaking with your attorney about possible outcomes of your case, you might be able to get a ballpark estimate of the amount of legal funding you can receive. If you end up losing your lawsuit and fail to get any compensation, you don’t have to pay back your funding. That means there is no risk to you!
How Do Legal Funders Evaluate My Case?
When you apply for pre-settlement legal funding while you wait for your lawsuit to resolve, the underwriters at High Rise Financial evaluate your application to determine whether we can provide you with the funds you need. Unlike lawsuit loans or personal loans, this evaluation is not invasive to your privacy. That means:
- NO credit check
- NO employment verification
- NO inspection of your tax records
- NO prying into your finances
That’s because the repayment of your pre-settlement legal funds comes directly from the compensation you receive in your claim. It’s not tied to your personal finances, wages, or ability to make monthly payments. So what do the legal funders at High Rise Financial evaluate? They look into the details of your claim to determine your likely settlement amount, which will gauge how much funding we can provide you with. These elements include:
- Severity of injuries
- Property damage related to your case (such as a wrecked vehicle)
- Previous jury awards in similar claims
- Presence of any aggravating factors that may increase compensation
In some cases, our underwriters may be able to approve your application and have money in your bank account in as little as 24 hours. Then, months or years down the road when you finally get your compensation, your attorney pays us back directly out of that settlement or award package.
Who Is Eligible for Pre-Settlement Legal Funding?
Pre-settlement legal funding is a good way to get the money you need while your pending lawsuit settles. However, you have to be eligible for funding from High Rise Financial. Applying is free, so tell us about your lawsuit and the attorney that represents you, and our underwriters will determine your eligibility in as little as 24 hours.
You Must Have a Valid Lawsuit
The first requirement you have to meet to be eligible for pre-settlement legal funding is to have a valid lawsuit. In other words, you must have filed a personal injury claim in court. You do not have to be in court, and in fact, most cases are settled with the opposing party before ever reaching a courtroom. Nevertheless, you can only get pre-settlement legal funding if you are pursuing a personal injury lawsuit.
You Must Have a Certain Case Type
High Rise Financial provides pre-settlement funding to people injured under personal injury law. Personal injury cases usually involve bodily harm, mental effects, and/or property damage. Some of the typical cases for which we have supplied clients with legal funding include:
- Car accident cases
- Slip and fall accidents
- Medical malpractice
- Faulty products or medical equipment
- Wrongful death claims
- Construction accidents
- Nursing home negligence
- Dog bite cases
You Must Have a Reputable Attorney
High Rise Financial works directly with lawyers when supplying pre-settlement legal funding. If you do not have an attorney representing your case, you will not be eligible for funding from our underwriters. In any case, getting a lawyer is always advisable, as settlement negotiations and lawsuits can become complex.
Can a Surviving Spouse or Children Apply for Pre-Settlement Legal Funding?
When a loved one is killed due to the actions or negligence of another person, surviving spouses or children may be able to file a wrongful death lawsuit claim. Just like personal injury cases, these claims can take months or years to resolve. During that time, the surviving family may struggle with expenses like funeral costs, medical bills incurred before the passing of their loved one, their loved one’s lost income, and a host of other burdens. In these cases, High Rise Financial can provide relief through pre-settlement legal funding.
Pre-settlement funding is not a loan, so the family does not get locked into monthly payments that may become difficult down the road. Also, pre-settlement funding from High Rise Financial is non-recourse, so you don’t have to pay us back if you wind up losing your wrongful death lawsuit.
Speak with your attorney about the possibility of applying for pre-settlement legal funding if you are a surviving spouse or child. The application process is simple and does not require a credit check. In fact, you may be able to get up to $250,000 in your account within as little as 24 hours, if the facts of your case merit such funds.
Will My Lawyer Handle My Pre-Settlement Funding for Me?
In order to be eligible for pre-settlement legal funding from High Rise Financial, you must have an attorney working on your personal injury case. There are several reasons for this requirement, but among them is the fact that your lawyer will handle the repayment process for you. When your case resolves, whether through settlement negotiations or a jury award if your claim goes to trial, the at-fault party will send your attorney’s office a check for the amount you are owed. Then, your attorney will pay High Rise Financial back for your pre-settlement funding, take out any applicable attorney’s fees you agreed to, and send the rest to you.
Getting Your Pre-Settlement Legal Funding
While High Rise Financial has a page for attorneys on our website, we make the application process simple and stress-free so that you can do it yourself. All you have to do is fill out our Apply Now form with data about your case, such as:
- Your case type
- The extent of your damages
- Your expected settlement amount
Our underwriters use this information to evaluate your eligibility for funding. If we need to know more about your case, we may contact your attorney as well. The process is quick and easy, so start today to get money in your account within as little as 24 hours.
What Cases Qualify for Pre-Settlement Legal Funding?
Pre-settlement legal funding is available for most personal injury cases. Claimants (in other words, the injured person in the lawsuit) might have to wait for months and, sometimes, even years before their case reaches a conclusion. During that time, medical bills may come calling, as well as daily expenses like groceries, rent, tuition payments, mortgages, and more. Instead of becoming desperate for a settlement so they can pay off these costs, an injured person can get pre-settlement legal funding to hold them over while their attorney negotiates a fairer deal.
Whether you are struck by a truck, government vehicle, car, taxicab, or even a driver working for rideshare companies like Uber or Lyft, your injuries can be substantial. While you wait for your attorney to strike a suitable deal with the opposing side, High Rise Financial can provide you with the funds you need to stay financially comfortable. Additional auto accidents we take on include:
- Bicycle wrecks
- Motorcycle crashes
- Bus accidents
- Pedestrian accidents
Other Personal Injury Claims
Most personal injury claims are eligible for pre-settlement legal funding. A personal injury claim results when another party (whether a person or company) is responsible for the injury you suffer due to their negligence or direct actions. Some examples of personal injury claims that we have provided pre-settlement legal funding for include:
- Nursing home negligence
- Slip and fall situations
- Product liability (defective product injuries)
- Injuries related to the Jones Act (maritime vessels)
- Dog bites
- Construction site accidents
- Workplace injuries
- Medical device injury claims
Getting Your Pre-Settlement Legal Funding
If you are in need of funds to tide you over while your auto accident, personal injury, or medical device case settles, turn to High Rise Financial. Our underwriters have provided up to $250,000 to clients in need. That’s money you can use for your medical bills, daily expenses, rent, mortgage payments, and more. Plus, it takes away the pressure of the opposing side’s stalling tactics, allowing your attorney to hold out for the best possible settlement.
Is It Easier to Get Legal Funding for Any Certain Type of Lawsuit?
Pre-settlement legal funding from High Rise Financial is available to people in the midst of a variety of lawsuit types. None is necessarily easier or more apt for pre-settlement funding, but each case’s merits are judged on their own by our team of underwriters. Some of the aspects of a case that go into our evaluation include:
- The length of a lawsuit
- The extent of your injuries and other damages
- Your expected settlement amount
- Previous jury awards in similar cases
Cases Typically Funded By High Rise Financial
Our underwriters have approved up to $250,000 in some cases, depending on the facts of each claim. Usually, High Rise Financial provides pre-settlement funds to people in personal injury claims, as well as wrongful death cases. Notable case types that we have served in the past include:
- Auto accidents
- Pedestrian accidents
- Bicycle wrecks
- Slip and fall cases
- Product liability claims
- Medical equipment claims (transvaginal mesh, hip implants, etc.)
If your case fits these descriptions or you think you may qualify, apply today. You might be able to see money in your account within as little as 24 hours. If you lose your case, you do not have to pay back the funding, so there is nothing to lose and no risk to you.
Do I Really Need Pre-Settlement Legal Funding?
Only you and your attorney can decide whether you need pre-settlement legal funding. Every case is different, and every person’s financial status is unique, so a blanket answer is impossible. However, you might need legal funding for the following reasons.
Combating the Opposing Side’s Stalling
In many cases, the at-fault party in a personal injury claim will try to stall for time. Their goal is to make you feel the pressure of needing money now so that you cave in and accept a settlement that is worth much less than you deserve. By getting pre-settlement legal funding, you can take away this tool.
Paying for Living Expenses
Unlike other forms of monetary relief, like medical funding, pre-settlement legal funding is flexible for you to use as you need. Some of the common expenses people use this money for include:
- Paying mortgages or rent
- Paying medical bills
- Repairing damaged property, such as a car if your case is a car accident claim
- Taking care of daily costs like food, power, and utilities
Turning to a pre-settlement legal funding provider like High Rise Financial is popular because it is free of risk. Your repayment comes directly from your settlement when your case resolves, so you don’t get locked into monthly payments that can stress you out. If you lose your case, you don’t have to pay us back at all! If you think you might benefit from cash now, apply today.
What Risks Are Involved in Pre-Settlement Legal Funding?
Some forms of lawsuit funding come with significant risks, usually the ones that have “loans” in their name. Unlike a traditional loan, however, pre-settlement legal funding from High Rise Financial has no risk to you. The reason that pre-settlement legal funding is so safe is twofold and concerns the repayment arrangement.
Where Your Fund Repayment Comes From
First, there is no risk to you with pre-settlement legal funding because you repay whatever you borrow out of your eventual settlement rather than in monthly installments like other loans. When your case finally resolves, and you are given a compensation package, the at-fault party will send your attorney a check. Your attorney then sends High Rise Financial the repayment, takes their lawyer fee, and sends you the rest of the recovery.
If You Lose Your Case
This arrangement is also safe for you because you do not have to pay us back if you lose your lawsuit. You keep the money, are able to pursue justice, and are not saddled with debt just because you were unable to get the compensation you expected.
Does it Cost Anything to Apply for Pre-Settlement Legal Funding?
At High Rise Financial, our goal is to help injured people get the funds they need to work out a settlement that appropriately compensates them for their injuries. In order to reach as many people as possible, we offer a completely FREE application process. That’s right — it doesn’t cost anything to apply for pre-settlement legal funding from High Rise Financial.
Possible Uses of Pre-Settlement Legal Funding
When you get your funds from High Rise Financial, you can use it for whatever you need. It’s your cash, after all. Unlike specified financial arrangements like medical funding, pre-settlement legal funding does not have to go toward a specific expense. Some common items for which you might want to use your pre-settlement legal funding from High Rise Financial include the following.
- Medical bills
- Post-injury medical equipment installation
- Rent payments
- Mortgage payments
- Monthly groceries
- Car repairs
The Application Process
Not only do you not have to pay anything to apply for pre-settlement legal funding, but the process is quick and simple as well. High Rise Financial’s online application form asks for information on you, your attorney or law firm, and details about your personal injury lawsuit. This information helps our underwriters determine the value of your likely settlement so they can offer an appropriate amount of funding. In some cases, based on the facts of the case, we have provided up to $250,000.
Our process is typically very fast, with some clients receiving funding in as little as 24 hours. Unlike a bank offering a lawsuit loan, we don’t ask for invasive data about you. That means:
- NO credit check
- NO proof of employment required
- NO questions about your financial stability
Is There Interest on Pre-Settlement Legal Funding?
Anytime you borrow funds, it’s natural to wonder about the amount of interest you may have to pay. After all, some companies provide loans with exorbitant and even predatory interest rates so that you end up paying two to three times as much as you initially borrowed. If you need cash now while you wait for a personal injury claim to settle, you might consider getting a lawsuit loan. However, the better option is to take out pre-settlement legal funding from High Rise Financial. Unlike a lawsuit loan, we offer funds at a flat fee rather than compounding interest — a much safer option for you and your family.
The Pre-Settlement Legal Funding Process
High Rise Financial makes it easy for you to get the money you need as soon as possible. Our simple process is transparent and straightforward, so you and your lawyer can keep track of what’s going on every step of the way.
- Step One: apply online and provide us with information about your case.
- Step Two: our underwriters evaluate your claim to determine how much funding we can offer (up to $250,000 in some cases).
- Step Three: you get your money in as little as 24 hours.
- Step Four: once your case settles, High Rise Financial is repaid out of your settlement amount rather than forcing you to make monthly payments.
- Step Five: you keep the money you were loaned, as well as the additional funds you receive in your settlement!
One of the key steps to consider is Step Four. Since High Rise Financial is paid out of your eventual settlement amount, you don’t have to worry about any interest accruing while you pay us back month-to-month. Plus, if you do not make a recovery in your case, you do not have to pay us back!
How Long Does it Take to Process an Application for Legal Funding?
When you apply for legal funding, usually that means you need cash as soon as possible to help you while your personal injury case settles. Luckily, pre-settlement legal funding from High Rise Financial can be in your bank account within as little as 24 hours after you apply. The online application process is quick, simple, and designed to give you the help you need, when you need it.
The Approval Process
Unlike getting a loan from a bank, getting pre-settlement legal funding involves a relatively straightforward process. Once you submit information about your case, High Rise Financial’s underwriters evaluate your likely settlement amount. Your funding is a portion of what we expect you to receive once your case concludes. Some of the factors that can influence the value of a personal injury claim and the resulting compensation include:
- The severity of your injuries
- The cost of your medical care
- Changes to your mental health
- The amount of income you lost due to missing work
- Previous settlements for similar cases
More Speed, Less Risk
Legal funding isn’t just fast. It also comes with no risk to you. The amount you borrow from High Rise Financial is repaid to us out of your eventual settlement. You keep the rest, with no monthly repayments necessary and no hidden fees. If things don’t go your way in court and you wind up without a settlement, no problem. You do not have to pay us back if you don’t recover!
Can You Apply for Pre-Settlement Legal Funding More Than Once?
Pre-settlement legal funding can support you while your lawsuit settles or goes through the trial process. With High Rise Financial, you can get up to $250,000 in as little as 24 hours, provided the details of your case merit it. But what happens if unexpected expenses arise? Though we try to take into account the total financial need and outlook of your case when providing initial funding, you can apply for pre-settlement funding more than once if you need it.
Every Claim Is Unique
There is no cookie-cutter solution to your situation. Finding the right option and amount of funding to suit your needs should be a matter of evaluating your specific case and new developments. High Rise Financial keeps in touch with your attorney to assess new twists and turns in your claim that may necessitate additional funding. Our underwriters are flexible and can help tailor the funding arrangement, including more money, to your unique case.
Expenses That May Arise
In many personal injury settlement negotiations, the at-fault party will try to delay the case as long as possible, thinking that you will become desperate enough to settle for less than you truly are owed. After all, in the months or even years between your injury and your claim’s resolution, you can face a great many expenses:
- Monthly rent or mortgage payments
- Utility bills
- Medical bills
- The cost of replacing or repairing damaged property
- Food and other daily expenses
If the opposing side continues to delay and stall, or the trial is complex and requires months of careful litigation, these expenses can add up significantly. You might need to apply for additional funding in that situation, and High Rise Financial’s underwriters are here to help.
What Can I Use Pre-Settlement Funding On?
Pre-settlement legal funding, like that provided by High Rise Financial, is designed to ease any financial tension you might experience while your personal injury lawsuit resolves. Sometimes, the process of negotiating a proper settlement can last months, with a trial dragging things out even longer if you cannot reach an agreement with the other party. By getting pre-settlement funding, you can make sure that you and your family have enough money to withstand any stall tactics used by the opposing side. Pre-settlement funding is your money, which means you can use it on whatever expenses you deem necessary. Some common uses are listed below.
You might have bills for extended hospital stays, surgeries, therapy, or other medical expenses. While insurance often covers those bills, you might need pre-settlement funding for some or all of these costs.
As a result of your injury, you might need to install special equipment in your home. Pre-settlement legal funding can help you pay for that as well, while you wait for reimbursement from the at-fault party.
Of course, your daily expenses do not go away just because you have special costs associated with your injury. You will still need money to pay for:
- Gas or travel costs
Remember: if you do not win your case after getting pre-settlement legal funding, you don’t have to worry. You don’t have to pay us back if you do not get compensation. To see whether you qualify for assistance from High Rise Financial, fill out an application today.
When Do I Start Collecting Pre-Settlement Funding?
When you are approved for pre-settlement legal funding from High Rise Financial, you can have up to $250,000 in your bank account in as little as 24 hours (depending on the facts of your case). Unlike other forms of financial assistance, you do not have to “start collecting” pre-settlement funding. In other words, you get the money all at once to spend on the expenses that crop up while you await a resolution to your personal injury claim, rather than having to wait for a new check every month. Of course, if you find that you need additional funds and your case is still not settled, you might be able to receive more money by applying for more pre-settlement funding.
Step One: The Application
The first step toward getting your money as soon as possible is to fill out our Apply Now form. Unlike lawsuit loan lenders or banks, we do not impose invasive searches into your life and history. That means there is no credit check, no proof of job required, and no looking at your current income. Instead, you provide us with information about your claim and its expected value.
Step Two: The Decision
After we receive your application, our underwriters will check out the information you provided, possibly contacting you or your attorney for additional facts about your case. This evaluation process allows us to approve your funding and decide how much money we can reasonably provide you with.
Step Three: The Cash
In as little as 24 hours after you submit your application, if you are approved, funds will be deposited into your account. This is your money, supplied by High Rise Financial but ultimately borrowed from your future settlement amount. We’ve provided clients with up to a quarter-million dollars in the past, and might be able to give you that money if your case merits it.
Step Four: The Repayment Process
If you’re looking for pre-settlement legal funding, you might worry about having to repay whatever amount you borrow. However, High Rise Financial takes the risk out of repayment. Instead of signing you to a monthly payment plan or offering high-risk recourse loans, we provide all clients with funding on a non-recourse basis. The funds are paid back directly from the settlement or jury award you receive, so you don’t have to stress about missing a payment. If you don’t win your lawsuit for whatever reason, you don’t have to pay us back at all!
Can You Get an Advance on a Pending Settlement?
Personal injury lawsuits sometimes take months or even years to reach a conclusion. That means you, the injured person, can be left waiting for the compensation you deserve as your bills roll in and your lost wages start to take a significant toll on your bank account. Even worse, the opposing side’s attorneys often know this and use your desperation as a tool to force you into conceding to a lowball settlement offer. The good news is that you can get an advance on a pending settlement with no risk to you.
Why Pre-Settlement Funding Is the Optimal Solution
Unlike other forms of lawsuit funding or lending, pre-settlement funding is safe for the borrower. Essentially, you borrow forward from your future settlement, and then you pay back the funds out of your eventual compensation package. There are no monthly payments, no credit checks, no proof of employment required, and no invasive searches through your financial history.
Once your settlement is finalized and you receive a check from the at-fault party who caused your damages, your attorney simply sends High Rise Financial the amount that you owe, and you keep the rest.
The process really is that simple. Fill out an application online today and take the pressure off yourself and your family as you await a resolution to your claim.
How Does the Repayment Process Work?
When you take pre-settlement legal funding, you essentially borrow forward from the eventual settlement you expect to receive in your personal injury lawsuit. High Rise Financial has provided up to $250,000 in the past for cases that warrant that much funding. However, some clients worry about the repayment process. In fact, the repayment process could not be simpler. Instead of monthly payments for you to worry about, High Rise Financial is paid back out of your final settlement amount.
When You Receive a Settlement
The best-case scenario is that your lawsuit resolves in your favor, giving you a compensation package that you deserve due to the harm that you suffered. When that happens, your attorney will receive the settlement check from the at-fault party and send High Rise Financial the amount you owe out of that pool. The rest, you keep! In other words, you don’t have to worry about repaying High Rise Financial, as we are repaid directly out of your settlement amount.
If You Lose Your Lawsuit
In some situations, cases do not go as you might expect. Due to a variety of factors, you and your lawyer may decide to take your claim to court only to have the jury side with the opposing party. With a lawsuit loan, you might be on the hook for repayment even though you are left with no compensation. However, High Rise Financial offers non-recourse pre-settlement legal funding instead of a traditional lawsuit loan. That means, if you lose your case and wind up without a recovery, you don’t have to pay us back at all.
When Do You Have to Start Repaying Pre-Settlement Funding?
Pre-settlement legal funding is not the same as a cash advance or a lawsuit loan. You don’t sign up for monthly payments to pay back your pre-settlement funding. Instead, it is paid back directly out of the settlement or jury award you end up with. It’s repaid all at once, so you don’t have to worry about remembering monthly payments, defaulting on repayment, or dreading the day when you have to start repaying. Here’s how it works.
You Get Your Funding
Once our underwriters approve your pre-settlement funding, you can get money in your account in as little as 24 hours. That is your cash to spend as you need.
Your Case Resolves
After your case finishes through settlement negotiations or through a trial, you get your compensation package from the at-fault party.
Your Attorney Sends Your Repayment
When your attorney receives the check from the at-fault party, they send High Rise Financial repayment out of your compensation. Then, it’s over! You don’t have to worry about repayment anymore, and you keep the rest of your settlement.
If you need cash now to pay for things like medical bills, car repairs, rent, groceries, or other expenses, turn to High Rise Financial and never have to worry about long-term repayment plans.
How Long Do I Have to Repay Pre-Settlement Funds?
Pre-settlement funding is a form of lawsuit lending that protects the borrower (you). You get the money you need now while you await a resolution to your personal injury case. Of course, many injured people may worry about a repayment plan, thinking about previous loans they’ve taken out. Pre-settlement legal funding, however, is not a lawsuit loan, and you don’t sign up for monthly repayments. Instead, the money is paid back out of your eventual settlement or jury award. Usually, your attorney handles the repayment process, so you don’t have to stress over it.
Once you have your money, you can use it to cover costs like:
- Medical care
- Repair of damaged property
- Daily expenses like food and utilities
- Rent or mortgage payments
Pre-settlement legal funding helps you stay financially afloat while holding out for the best possible resolution to your case. If you lose your lawsuit in the end, you don’t have to pay us back! If you win compensation (typically much more than you would have received, since the other side can’t use your financial need as a weapon against you), your attorney sends High Rise Financial a check for the repayment amount. You keep the rest!
Don’t let stress over finances make you cave to a low-ball settlement offer. Get pre-settlement legal funding from High Rise Financial now.
What Happens if I Lose My Case?
Nothing is certain when it comes to lawsuits. Even the most seemingly slam-dunk personal injury suit can go a way you did not envision, leaving you without compensation. So what happens if you lose your case and have received pre-settlement legal funding from High Rise Financial? Worry over this matter is understandable. There are many horror stories about predatory lenders who lock you into repayment structures that ultimately leave you worse off than you were before. However, High Rise Financial exclusively provides non-recourse funds, meaning that you do not have to pay us back if you lose your case.
That’s right. You keep the money and don’t have to pay us back! But let’s discuss what happens if you win your claim, since that is the happier option.
When Your Claim Successfully Resolves
A successful personal injury claim will end with either a settlement arrangement or a compensation package provided by a jury award after a trial. Once the opposing side sends you a check, your attorney will send High Rise Financial the payment for your pre-settlement legal funding. Then, you keep the rest.
Repaying your pre-settlement legal funding is much easier than repaying a loan. It requires virtually no effort on your part since the repayment comes directly out of your settlement. To see if you qualify for pre-settlement funding, fill out the Apply Now form today.
What Happens if I Default on Repayment?
Defaulting on repayment is not a worry when you get pre-settlement legal funding from High Rise Financial. That’s because what we provide is not a lawsuit loan or cash advance. The funding we give you is repaid directly out of the compensation package you receive when your case resolves. You don’t have to stress over monthly payments with compounded interest anymore!
Paying Back Your Pre-Settlement Funding
Pre-settlement legal funding is paid back out of your eventual settlement amount. Once your personal injury claim resolves, the opposing party should send you a check for your compensation. Your attorney will then send High Rise Financial the money you owe to repay your pre-settlement funding, and the rest goes to you.
If You Do Not Recover
In the event that your lawsuit does not resolve in your favor, don’t worry. Since we provide exclusively non-recourse funding, you don’t have to pay us back if you don’t get compensation. In other words, there is no risk of default or crippling repayment plans.
Lawsuits can drag on for months and even years. If you need financial assistance while your case resolves, get pre-settlement legal funding from High Rise Financial.
Does My Credit Score Matter When Applying for Pre-Settlement Funding?
Unlike other forms of lending, pre-settlement funding does not consider your credit score when you apply. That also means your acceptance of pre-settlement funding from High Rise Financial does not negatively impact your credit report. When you apply, our underwriters assess the details of your personal injury claim rather than looking into invasive matters like your credit, proof of employment, tax returns, etc. What we need to know, instead, is the viability of your case, the extent of the damages you suffered (physical injuries, property damage, and other items like your pain and suffering), and the expected settlement or jury award.
Other lending institutions are concerned with your personal finances and credit because they lock you into monthly payments for the long-term. Instead, pre-settlement funding from High Rise Financial is paid back all at once out of your eventual compensation package. Not only does that mean you don’t have to worry about remembering your pay structure, but it means that your credit score and personal finances don’t matter.
If you are interested in getting the money you need now while your personal injury lawsuit settles, apply for pre-settlement legal funding from High Rise Financial today.
Do Pre-Settlement Funds Show Up on Your Credit Report?
Typical loans from a bank or a cash advance institution often require the lender to run a credit check, meaning the loan will end up on your credit report and may count against you. However, High Rise Financial offers something different: pre-settlement legal funding. When you get funds from us, we do not run a credit check. We also don’t require proof of employment, tax returns, or other invasive information about your finances. Best of all, legal funding does not show up on your future credit reports.
How We Evaluate Eligibility
You might wonder how High Rise Financial and our underwriters decide to approve your application for pre-settlement funding if we don’t take your credit score or your finances into account. Since the repayment of your funds comes from your eventual settlement, we base our decision on the facts of your case and your expected compensation package. That can include information like:
- Your case type
- The severity of your injuries
- Property damage due to your claim
Once you receive compensation, your attorney will send us the repayment amount you agree to out of that settlement or jury award. You keep the rest. This means that getting pre-settlement funding presents no risk to you. Fill out an application today, and get your money in as little as 24 hours.
Do I Have to Pay Taxes on Pre-Settlement Legal Funds?
Pre-settlement legal funding is a way of getting the money you deserve for your injuries now while your personal injury case settles or goes through the trial process. When you finally receive your compensation, the legal funds you received from High Rise Financial are paid back directly from that compensation package. As such, you don’t have to pay taxes on those funds. In a sense, it is really part of your settlement (because the arrangement pays it back out of your settlement).
If You Lose Your Lawsuit
Not all cases work out the way we want them to, however. If the worst-case scenario happens and you get no compensation, you don’t have to worry. Not only do you not pay taxes on your pre-settlement funds, but you also don’t have to pay back High Rise Financial.
When You Do Pay Taxes on Your Legal Funds
The only time that you may have to pay taxes on the pre-settlement legal funds you receive is when you use that money to make taxable investments. In that case, you would pay taxes on the amount you invest, just like any other investment.
If you are waiting for your personal injury case to conclude, don’t let financial pressure cause you to settle for less than you deserve. Get pre-settlement legal funding from High Rise Financial today.
Can You Sell Your Lawsuit?
In the United States, the concept of lawsuit lending is starting to become popular — partly because personal injury claims can take months and even years to resolve, leaving the injured person without the compensation they deserve. Often, injured people already struggle financially because their injuries keep them out of work and reduce or eliminate their household’s income. Sometimes called “selling your lawsuit,” or “selling your lawsuit settlement,” lawsuit lending essentially allows a person to borrow from their eventual compensation package, whether that is a settlement or jury award.
There are several ways to “sell your lawsuit,” through lawsuit loans. High Rise Financial provides the best option: non-risk pre-settlement legal funding.
The High Rise Financial Difference
Instead of taking out a loan and becoming locked into a repayment schedule that can make you wind up paying two to three times what you borrowed, consider pre-settlement legal funding from High Rise Financial. Some of the main differences include:
- No risk — You don’t have to repay us if you do not win your claim.
- Flat fee — We don’t compound your interest monthly like other lenders.
- Non-recourse — You take on non-recourse debt, which is the safest kind of debt and does not allow you to be held personally liable.
- Speed — In some cases, you may see funds deposited into your account in as little as 24 hours.
You can sell your lawsuit, but be sure to get pre-settlement funding rather than a lawsuit loan or a cash advance. As an approved lender, High Rise Financial can work with your attorney to ensure that the funding you receive is adequate for your needs and leaves you with no financial risk.
Who Offers Pre-Settlement Funding?
Authorized lending institutions like High Rise Financial offer pre-settlement funding, as well as a host of other organizations. You need to be careful when deciding who to get money from and what kind of arrangement to agree to. Terms like lawsuit loans, pre-settlement loans, pre-settlement legal funding, and cash advances may be tossed around by different lenders. Still, you are only truly protected from unnecessary risk with pre-settlement legal funding. That’s what High Rise Financial offers.
How You Can Use Your Funds
When you get money from High Rise Financial, you can use that cash as needed. Common expenses include:
- Groceries and utility bills
- Rent and mortgage payments
- School tuition
- Hospital bills
- Repair of damaged property
The purpose of these funds is to give you the flexibility you need to meet the financial burdens your family faces. That way, you can hold out for the best possible settlement arrangement or take your case to court instead of having to jump at a lowball settlement because you need immediate relief.
Remember: if you do not win your lawsuit or are left without compensation, you do not have to pay us back! When you’re looking for an authorized, safe lender for pre-settlement funds, turn to High Rise Financial.
If that sounds too good to be true, it’s not! Apply for pre-settlement legal funding from High Rise Financial to see for yourself.