After an accident in New York City, you could face a long wait until you receive your personal injury settlement. During this time, your bills could pile up, especially if you lost your income as a result of the accident. You may also have to deal with property damage and medical expenses.
We provide lawsuit funding and pre-settlement legal funding to New York City residents, helping them avoid much of this pressure. If you’ve filed a personal injury claim or are taking your case to court with a lawyer, legal funding can help you pay for these costs when you need it most.
What is Pre-Settlement Funding in New York City?
Commonly referred to as an advance or lawsuit loan, pre-settlement funding is money you can receive upfront based on the estimated value of your settlement. Unlike a lawsuit loan, this money does not need to be paid back if you lose your case. Because it’s non-recourse debt, the funding company assumes all the risk of your case.
Pre-settlement legal funding in New York City can be used for most types of personal injury cases. You may qualify for cash funding if you’ve been injured in a car accident as a pedestrian, bicyclist, motorcyclist, or trucker and have a pending or ongoing claim against the liable party either in the form of an insurance claim or an actual lawsuit.
How Does Pre-Settlement Funding Work?
In order to obtain pre-settlement funding, you must first apply with a company that offers it after suffering a personal injury. However, in order for you to obtain the funding, you must be able to clearly identify a responsible party, and they must have insurance. Provided you can do this, you can receive your funding quickly, often in as little as 24 hours.
Once you have your pre-settlement funding, you can spend it however you want without restrictions. This can be vital for paying medical bills and living expenses after an accident, especially if you’ve been deprived of income. However, you can use the money for anything, including unrelated debts and even personal expenses.
What Accidents Qualify for Pre-Settlement Funding?
Within personal injury settlements, we provide pre-settlement lawsuit cash funding to injured victims of a wide range of accidents, including the following:
- Car accidents
- Pedestrian accidents
- Rideshare accidents
- Trucking accidents
- Nursing home negligence
- Medical malpractice
- Jones Act maritime accidents
- Defective medical devices
- Product liability
New York City is full of taxicabs, and now, Uber and Lyft are more popular ride-sharing apps. With them, comes greater liability for both drivers and passengers alike. We provide significant pre-settlement legal funding for NYC residents who were involved as an injured driver or passenger in a motor vehicle or car accident.
Why Choose High Rise Financial LLC for Pre-Settlement Funding in New York City?
High Rise Financial is a national company serving all communities throughout the greater New York City area. We have the financial muscle and depth of local knowledge to assist you in your case. In addition to New York City, we provide pre-settlement legal funding throughout New York, including in Brooklyn, The Bronx, Queens, Staten Island, and Westchester County.