With any kind of debt, be it from a personal loan, cash advance, or lawsuit loan, the main worry for borrowers is the idea of defaulting on repayment.
Debt.org, one of the leading agencies that deal with debt assistance, defines “defaulting” as the failure to pay off the debt that you owe. That can mean that you lack the funds to pay the debt, that you are consistently late in making payments, or that you simply ignore the debt.
At High Rise Financial, we understand that you might worry about defaulting on the repayment of your pre-settlement legal funding. That’s why our repayment process ensures that you won’t default. Your repayment comes directly from the compensation package you receive at the end of your lawsuit, and it’s sent to us by your attorney when they receive the check from the opposing party. Here’s how the process works:
- Your lawsuit concludes, and you win compensation.
- Your attorney receives a settlement check from the at-fault party.
- Your attorney sends the agreed-upon repayment amount to High Rise Financial and takes out their lawyers’ fees.
- You keep the remainder of your compensation package as well as your pre-settlement legal funding.
There are no monthly payments on which you can default! If you wind up losing your lawsuit and do not get a settlement or jury award, you do not owe High Rise Financial any repayment. With us, you are protected from defaulting and taking a hit to your credit or finances.
How to Get Pre-Settlement Legal Funding
Applying for pre-settlement legal funding from High Rise Financial is FREE, and the process is simple and transparent. We don’t impose any hidden fees, we don’t apply compound interest to your funding, and we don’t do a deep dive into your personal financial situation. Your bank and tax records can stay private. All we need is information about your case and the expected compensation package since that is where our repayment comes from.
Filling Out Your Application
To get started, all you have to do is go to our Apply Now page and fill out the form. There is no credit check or proof of employment required. You should include the following information in your application:
- Details about the incident that led to your injury
- Details about your injury (paralysis, loss of limb, traumatic brain injuries, etc.)
- The contact information of your attorney or law firm
- The type of lawsuit you have filed (medical malpractice, slip and fall, car accident, etc.)
- Your expected settlement amount
Getting Your Money
After you fill out your application, you are finished! That’s the only step that requires effort on your part. When we receive your application, our underwriters assess the details of your claim and decide on how much we are able to provide you. In the past, we have provided clients with up to $250,000 in as little as 24 hours.
Case types that qualify for pre-settlement legal funding include most types of personal injury claims, such as:
- Car accidents
- Dog bites and animal attacks
- Slip and fall cases
- Medical malpractice
- Nursing home abuse or negligence
- Medical device injuries
High Rise Financial Keeps You Safe
Unlike lawsuit loan companies that prey on injured people, according to reports from the Center for Public Integrity, High Rise Financial offers pre-settlement legal funding as non-recourse debt. That means you are protected from risk. You won’t be locked into monthly payments, and you don’t have to repay us at all if you lose your lawsuit.
Plus, High Rise Financial uses a flat fee instead of compound interest. This helps prevent you from having to pay back two or three times what you initially borrowed, as you often might with a lawsuit loan. Of the two types of debt (recourse and non-recourse), non-recourse is the category for debts that favor the borrower (you).
Why You Might Need Pre-Settlement Legal Funding
Lawsuits can take a long time to resolve. Sometimes, you reach a settlement agreement within a few weeks. Sometimes, you can wait for months or even years before your case concludes. In the meantime, bills relentlessly pile up and you might suffer from an inability to earn an income due to your injuries. That’s why many personal injury victims turn to pre-settlement legal funding.
Unlike medical funding or other forms of lending that are specifically geared toward certain expenses, you can use your pre-settlement legal funding for any expenses that arise. Once it’s in your account, it’s your money to do with as you please. Common uses for pre-settlement legal funding include:
- Rent or mortgage payments
- Medical expenses
- Car repair or replacement after your car accident
Apply for Pre-Settlement Legal Funding Today for FREE
If you need cash now to pay for your bills while your lawsuit settles, stay away from other lenders who might trap you with risky lawsuit loans or cash advances. Apply for pre-settlement legal funding for FREE via High Rise Financial’s Apply Now page. For any other questions or concerns, feel free to speak to our team by emailing us through our contact page or calling (877) 823-4377.