Every day, consumers are injured by medical devices, medications, or other products that they assume are safe. While the law protects consumers in the form of product liability lawsuits, these proceedings can take months or even years to complete.
The legal funding experts at High Rise Financial help injured consumers get access to the cash that they need to get their lives back on track while waiting for their case to finalize. If you can’t wait for your eventual settlement, consider a product liability lawsuit loan.
Types of Product Liability Claims Funded by High Rise Financial
The manufacturer will often try to shift the blame to the consumer or draw out the proceedings, hoping the injured party will simply give up. In the meantime, the injured party faces mounting medical bills and other financial obligations.
We can provide pre-settlement lawsuit funding for a wide range of product liability claims. Examples of medical devices most often approved for legal financing include defective knee and hip implants, failed pacemakers, faulty intrauterine devices, and flawed transvaginal mesh.
We also fund claims for injuries sustained from pharmaceuticals including blood thinners, diabetes drugs, and birth control medications. Injuries related to unsafe baby products, defective vehicles, or virtually any other consumer product may also be eligible for funding.
Why Get Pre-Settlement Legal Funding?
When you’ve been affected by a defective or dangerous product, you most likely have financial damages that you’re dealing with. Whether you have medical bills, lost wages, childcare costs, or anything else that you have to pay for, those issues are probably more immediate than your settlement can accommodate.
Pre-settlement legal funding is meant to give you the financial freedom you need to stay afloat while you wait for your case to settle. Compensation can help make up for the expenses, pain, and suffering you’ve endured, but in some cases, it can take years to settle. Funding allows you to live your life in the meantime.
Qualifying for Lawsuit Funding
Applying and qualifying for funding is fast and simple. To qualify, an individual must have sustained injuries as the result of a defective or poorly designed product, negligence, or false marketing on the part of a company, manufacturer, or vendor. The individual must also have retained an attorney to handle their product liability lawsuit.
Our underwriters carefully review the facts of the case to determine if it qualifies for funding. In the majority of cases, the determination can be made and the cash distributed in as little as 24 hours.
High Rise Financial Services Are Risk-Free
Over the years, we have helped thousands of injured consumers get access to the cash that they need while waiting for their product liability claim to complete. The initial consultation is free, and there are no application fees, upfront costs, or credit checks.
Clients are never required to make monthly payments until their case is finalized regardless of how long that may take. If the claim is unsuccessful, no repayment is ever required. An injury from a defective consumer product can place a financial burden on a family that can last for years, and we do not wish to add to the burden while you wait for compensation.
The Product Liability Pre-Settlement Funding Process
Because you’ve already been through such an ordeal, and are in the midst of a potentially difficult legal battle, we make the pre-settlement funding process easy. Our online application takes minutes, and yours could be approved within an hour. There is no credit check, no proof of employment needed, and no fee to apply.
Once your application is approved, you could receive your funds that same day. You can use those for anything from groceries to medical bills to rent. Once it’s time to repay your pre-settlement funding company, you don’t owe anything out of your own pocket—all the money comes from the settlement that you and your lawyer won.
If you don’t get a settlement, you don’t have to pay us back. Our funding isn’t a loan, so you don’t owe us if you don’t get compensation from your product liability lawsuit.
What Happens After I Win?
If you win your lawsuit, your lawyer will confirm you’ve received compensation from the other party, then pay back High Rise Financial and themselves. Then, they will forward the rest of the money to you.
What this means is that you do not have to worry about monthly payments, late fees, and similar financial pitfalls as with other loans. It’s all taken care of at the end of your case. If you lose your case, you do not have to pay us back.
We only offer non-recourse loans. Therefore, the only way we can get paid back is through your settlement. During your loan consultation, we will go over the terms of this type of loan and your simple interest rate.
What If My Case Changes?
In large product liability cases, sometimes, a plaintiff will get lumped into a mass tort situation. We still provide loans for people in these situations. Unlike a class action, the final amount isn’t split evenly among all parties. It gets adjusted based on your injuries.
Thus, when we calculate the value of your case and your likelihood of success, it’s much like our usual process. You do not have to worry about case changes like these interfering with your loan application or payback terms.
See If You Qualify for a Product Liability Lawsuit Loan
The experienced and knowledgeable team at High Rise Financial is dedicated to easing this burden by helping victims get access to the cash that they deserve. Contact us today to learn more about your product liability legal funding options.