High Rise Financial is an authorized lender who supplies personal injury victims with pre-settlement legal funding while their lawsuit pends. Unlike risky lawsuit loans, which have been condemned as dangerous by the Center for Public Integrity and other organizations, pre-settlement legal funding is a no-risk way to get immediate cash. If approved for pre-settlement legal funding, you can use that money however you need it. Common expenses include:
- Medical bills
- Payment for medical equipment installation in the home
- Rent or mortgage payments
- Tuition for school
- Property repair or replacement (such as the cost of repairing a car after a crash)
- Utility bills
Other forms of funding available to personal injury claimants, like medical funding, are specifically geared toward certain costs. With pre-settlement legal funding, the cash becomes yours as soon as it hits your account, and you can use it as you see fit. Additionally, since the repayment for pre-settlement legal funding comes directly from your lawsuit settlement, it is not taxed unless you use it for profitable investments.
If you have a pending personal injury lawsuit and need to pay the bills while you wait for your attorney to get you the settlement you deserve, consider getting no-risk pre-settlement legal funding from High Rise Financial today.
What to Include in Your Application
When you fill out your FREE application for pre-settlement legal funding, you might be more impressed with what you don’t have to include. With High Rise Financial, there are:
- NO credit checks
- NO tax records or bank statements required
- NO employment verification
Since your repayment will come from the settlement or jury award you eventually receive in your lawsuit, we don’t have to consider your personal finances. After all, you do not owe a dime to us if you end up losing your case. This is what it means for pre-settlement legal funding to be no-risk. You’re not locked into a monthly pay structure, you don’t have to suffer compound interest rates, and the repayment comes directly from whatever compensation package you receive. In that sense, it’s like borrowing from your future self.
Here’s what you should include in your application so that our underwriters can quickly understand your case and approve your funding request.
- Details about your injury claim
- The extent of your injuries
- Contact information for you and your attorney or law firm
- Any information related to expenses incurred due to your injury
This data helps our underwriters understand the likely settlement amount in your case so that we can adjust the amount we provide you according to your need.
Paying Back Your Pre-Settlement Legal Funding
There are a lot of horror stories surrounding lawsuit funding. Even worse, companies sometimes use a variety of terms that are indistinguishable to the layperson but mean vastly different financial arrangements. Pre-settlement legal funding comes directly from your settlement or jury award, so there is no risk to you or your personal finances. The Internal Revenue Service classifies this type of loan as “non-recourse,” which means that you are not personally liable for the debt.
Let’s look at an outline of how the process works. Note that you are not required to do anything in the repayment process!
- 1. Your lawsuit concludes, and you win compensation.
- 2. The at-fault party sends your attorney a check for the settlement or jury award amount.
- 3. Your lawyer then writes a check for the agreed-upon repayment amount to High Rise Financial.
- 4. After any applicable attorney’s fees, you keep the rest of the compensation package.
Getting More in Your Lawsuit
While the above outline might showcase the ease and simplicity of our repayment process, you might worry about having multiple parties take a slice of your compensation package. However, this is why High Rise Financial only works with clients who have an attorney or law firm as representation.
When you have an attorney on your side and give them time to negotiate by getting pre-settlement legal funding to tide you over, you stand an astronomically higher chance of getting a large settlement. Typically, you receive more than you would otherwise get — even after lawyers’ fees and repayment.
Apply Today to Get Your Money
Need cash now for the mounting bills while you wait for your lawsuit to resolve? Apply for FREE today by filling out the form on our Apply Now page. Remember, you don’t owe us anything if you end up losing your lawsuit, and you aren’t committed to monthly payments at exorbitant compound interest rates.
If you have any questions or concerns about your funding structure, get in touch with our expert team today. Email us via our contact page or call us at (877) 823-4377, and we will get you squared away.