Unlike lawsuit loans, which can leave borrowers paying back two or three times what they initially borrowed (according to reports by the Center for Public Integrity), pre-settlement legal funding is paid back directly from a personal injury claimant’s eventual compensation. This means no monthly payments, no risk of being locked into repayment if you lose your case, and no excessive compound interest. Instead, your attorney simply sends High Rise Financial the agreed-upon repayment amount once your case settles and you receive your compensation check.
High Rise Financial provides pre-settlement legal funding as a way of helping injured people get the money they need to wait out a proper settlement arrangement or jury award. Some of the cases in which we have provided funds include:
- Car wrecks
- Bicycle and pedestrian collisions with automobiles
- Medical malpractice claims
- Nursing home negligence
- Faulty medical product lawsuits (such as hip implants and transvaginal mesh cases)
- Dog bites and attacks
If you have a personal injury lawsuit pending, the chances are good that your case qualifies for pre-settlement legal funding. These funds are no-risk, and applying is FREE, so fill out the form on our Apply Now page to see what High Rise Financial can do for you.
What Happens After Your Lawsuit
Sometimes, lawsuit loans or cash advances can leave injured people with more payments than they are worth. Worse yet, the borrower might get stuck paying back the amount they borrowed even if they lose their lawsuit. That is not the case with High Rise Financial’s pre-settlement legal funding.
Understanding Non-Recourse Debt
High Rise Financial provides clients with non-recourse funding — this is one of the two categories of debt classified by the Internal Revenue Service, and it is the much safer option. When you have non-recourse debt, the lender does not hold you personally liable for the full amount that you owe. The most the lender can do is take the collateral involved in the transaction. The long and short of it is this: if you lose your lawsuit, you do not have to repay your pre-settlement legal funding.
When You Win Your Claim
On the happier side, you may end up winning your case and getting a recovery package. By having pre-settlement legal funding from High Rise Financial, you can ease the pressure of bills and daily expenses while your attorney fights for just compensation. Once you win, your attorney should get a compensation check from the at-fault party within a couple of weeks. Then, they will send High Rise Financial the repayment amount, take out their lawyer fees, and present you with the rest.
Remember: having an attorney on your side and having that extra flexibility to combat the opposing party’s tactics usually means you will get a substantially larger compensation package.
How to Get Your Money Now
Applying for pre-settlement legal funding from High Rise Financial is not only completely FREE, but it is also transparent and straightforward. There are:
- NO credit checks.
- NO requests for your personal financial paperwork.
- NO hidden fees.
- NO proof of employment required.
Since repayment comes directly from your settlement and is not tied to your personal finances, the information we need solely applies to your case. We only request information related to the lawsuit for which you are pursuing pre-settlement legal funding. You may want to include some of the following data in your online application:
- How badly you are injured (whether permanent disability, loss of limb, etc.)
- The expected settlement amount in your case
- Bills or receipts associated with expenses due to your injury (medical bills, repair costs, etc.)
Our Underwriters Work Quickly
Once we have your application in hand, we will evaluate your eligibility and determine whether we can approve funding in your case. Though this may require us to seek additional information from you or your attorney, clients can receive up to $250,000 in their bank accounts within as little as 24 hours from submitting their application.
No Effort on Your Part
After you fill out our Apply Now form, there is nothing else required of you! Our underwriters do the rest, approving your request and depositing your pre-settlement legal funding into your account. Then, when it is time to repay us, your attorney sends us the check. That way, you can focus on recovering from your injuries instead of experiencing the added stress often put on vulnerable people by unethical lawsuit loan companies.
Take Control Today
If your lawsuit is dragging on and you are worried about running out of money, don’t fret. Pre-settlement legal funding from High Rise Financial can help you stay above water, paying for items like:
- Monthly rent or mortgage
- Food for your family
- School tuition
- Utility bills
- Medical bills
Take control of your situation, and combat the shady stall tactics used by insurance companies in settlement negotiations. Fill out the form on our Apply Now page to jumpstart your process and have cash in your hand in as little as 24 hours.
If you have any questions or concerns, our team is ready to listen and provide insight. Call us at (877) 823-4377 or email us through our contact page.