Pre-settlement legal funding from High Rise Financial is eventually paid back out of your settlement or jury award. That means our underwriters don’t need access to your personal financial information when making our evaluations. Instead, we look at the validity of your claim, the likelihood of you getting a settlement, and the likely amount that you will receive come the end of your case.
If you are currently pursuing a personal injury lawsuit and need money to tide you over while the case resolves, pre-settlement legal funding is your best option. Unlike predatory lawsuit loans, which have been decried by outlets like the New York Times and the Center for Public Integrity, pre-settlement legal funding is non-recourse. That means there is no risk to you. We’ll go into more about what that means below.
Have questions for our legal funders about your eligibility or the funding process? Great! Call us today at (866) 407-6404. Or, you can apply online by filling out the form on our Apply Now page.
How High Rise Financial Legal Funders Evaluate Your Case
We can split the way we evaluate your claim’s eligibility for pre-settlement legal funding into three categories: validity of the claim, win chances, and potential compensation.
Validity of Your Claim
The first item we look at is the validity of your claim. Your injury is undoubtedly a serious matter, but not all situations will be valid in the eyes of the court. The American Bar Association points out that two crucial factors must be present in order to have a solid personal injury claim:
- Damages, including physical injuries
A bruise or a scrape does not warrant a lawsuit, as the amount of damages is negligible. However, your damages might warrant a lawsuit if you were in a car accident and became paralyzed, for example. Secondly, an “act of God” or similar “freak” accident that does not appear to have a link to anyone else’s actions or negligence would not warrant a lawsuit.
In order for your lawsuit to be valid, someone else needs to be liable, or responsible, for the conditions that led to your injury.
Finally, your lawsuit must be filed in court before we provide legal funding. That way, we have an official record of your lawsuit and know that it is eligible for pre-settlement funds.
Your Chances of Winning
Our underwriters will compare your case to past cases to judge your chances of getting compensation. Unfortunately, not all lawsuits end up with a win for the injured person. To help boost your chances of winning, we require you to have an attorney on your case before we provide legal funding.
Having an attorney greatly increases your chances of a substantial settlement or jury award, even after factoring in attorney’s fees. Typically, the opposing side’s insurance company will pressure you into a lowball settlement if you represent yourself.
Your Potential Compensation
Another aspect of your case that we evaluate is the likely compensation package you may receive at the end of your lawsuit. How do we do this? Each claim is unique, and you will have a variety of specific damages that are totally different from someone else’s personal injury claim.
However, we start with a base comparison of previous cases that were similar. For example, we might compare your motorcycle accident crash with another person’s motorcycle wreck if they received injuries to the same parts of the body.
We also receive information from you and your attorney when you apply, including a list of your damages. These include things like hospital bills, car repairs, property replacement, necessary medical equipment installed in your home. They may also include non-economic damages like the mental and emotional effects of your injuries.
Since we are repaid from your eventual settlement amount, we can offer more legal funding if your case seems to warrant it. In fact, our underwriters have approved up to $250,000 in some cases, and can get money in your account in as little as 24 hours!
Types of Cases We Accept
Before you click on our Apply Now page, make sure that your case is eligible for pre-settlement legal funding. Some of the personal injury cases we’ve funded in the past include claims like the following.
- Auto accidents (including motorcycle, bicycle, and pedestrian collisions)
- Medical malpractice cases
- Nursing home negligence claims
- Workplace injury incidents
- Slip and fall injuries
- Injuries related to faulty medical devices (such as transvaginal mesh or hip implant lawsuits)
- Product liability claims against manufacturers
Get the Money You Need as Soon as Possible
Lawsuits can take years to settle or reach a verdict at trial. During that time, your bills tend to mount and you may suffer a loss of income associated with your inability to work due to injury. The other side knows this and will try to use this financial pressure as a way to get you to settle for less than you deserve.
Instead, get pre-settlement legal funding and let your attorney take as long as they need to get you a compensation package that adequately covers your losses. Send us your information through the form on our Apply Now page and we can get started funding you today!
For any concerns or questions about eligibility, call our team at (866) 407-6404.