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At High Rise Financial, we want to help our prospective clients make an educated decision about who they choose to take out a lawsuit loan with. For this reason, we regularly investigate web reviews to take a closer look at our competitors, how they are serving their clients, and, more importantly, how they are failing their clients.
Here is more about Bridgeway Legal Funding so you can decide whether they’re a good fit for your pre-settlement legal funding.
In This Article
How Does Bridgeway’s Lawsuit Loan Process Work?
Advantages of Bridgeway Legal Funding
Disadvantages of Bridgeway Legal Funding
Get Help With High Rise Financial
About Bridgeway Legal Funding
Bridgeway Legal Funding has been in business for over a decade. Based in Manhasset, New York, they are considered a leader in pre-settlement litigation funding and offer both cash advances and post-settlement funding options. However, you may not be sure whether Bridgeway Legal Funding is the best choice for your loss alone.
It is important to our loan specialists at High Rise Financial to give our potential clients the full picture before they make a decision and secure pre-settlement legal funding. We do this by conducting in-depth web reviews of our top competitors. This should go a long way in helping you determine whether Bridgeway Legal Funding is the best choice for an advance on your legal settlement.
How does Bridgeway’s Lawsuit Loan Process Work?
Bridgeway’s lawsuit loan process seems to be relatively simple and straightforward. You should be able to simply fill out their basic application and send it to their team for review. It appears as though their loan specialists will review your application shortly after it is received and, hopefully, send your money to the bank in a matter of hours.
Bridgeway Legal Funding promises to offer non-recourse loans at affordable rates. However, according to reviewers, there seem to be several advantages and disadvantages to Bridgeway Legal Funding’s lawsuit loans.
Advantages of Bridgeway Legal Funding
Bridgeway Legal Funding certainly has its advantages for individuals dealing with personal injury matters. Some of the benefits of Bridgeway include:
They Offer Non-Recourse Loans
One of the advantages of going with Bridgeway Legal Funding is the ability to obtain a non-recourse loan. Unlike traditional loans that require you to have a good credit score and a source of income, non-recourse loans allow you to access a portion of your pre-settlement funds in advance without having to worry. You also are not required to pay back the loan unless your attorney wins your case.
They Can Provide Funding within 24 Hours
When you are having difficulty making ends meet, accessing a cash advance as soon as possible is essential. Bridgeway Legal Funding is quick to review applications and, according to reviews, has frequently been able to deliver cash advances within hours.
There Are Many Online Reviews
Another advantage of Bridgeway Legal Funding is that they have many online reviews. Whether people have reviewed them on various professional review networks or completed Google reviews, Bridgeway Legal Funding has had many individuals take the time to complete the review process.
Many of the reviews are four and five-star ratings. Furthermore, Bridgeway often responds to reviewers whether they are praising the firm or making a complaint.
They Are Members of Industry Organizations
Working with lawsuit loan companies can be intimidating. It is important to work with companies that have ethical business practices due to the unregulated aspects of the finance industry.
However, Bridgeway Legal Funding sets itself apart from other lawsuit loan companies due to its involvement in industry groups, including the American Legal Finance Association (ALFA).
Disadvantages of Bridgeway Legal Funding
There are also several disadvantages to going with Bridgeway Legal Funding. Some of the most common cons noted by reviewers include:
They Only Offer Services in Specific States
Civil claims and personal injury lawsuits happen in every state. However, if you are from any of the following states, Bridgeway Legal Funding will not be able to offer you services:
- Arkansas
- Colorado
- Kentucky
- Illinois
- Maryland
- Nebraska
- Nevada
- North Carolina
- South Carolina
- Vermont
- West Virginia
They May Be Limited Regarding the Types of Cases they Fund
Bridgeway Legal Funding may be limited regarding the types of cases they are able to fund. Many of the cases they take on seem to be car accident cases. Although motor vehicle accidents are common, other types of personal injury cases and civil lawsuits also often result in plaintiffs requiring financial assistance prior to the settlement of their case.
If you visit Bridgeway Legal Funding’s website, you will see that they tend to focus primarily on car accident loans, with little mention of other types of cases they may be willing to handle. This means they may have little experience in handling cases like yours or refuse to issue a lawsuit loan, depending on the circumstances of your case.
They don’t Offer Transparent Pricing
When you are struggling to cope financially, understanding the cost associated with a lawsuit loan is critical. Unfortunately, Bridgeway Legal Funding does not seem to be transparent in their pricing scheme.
It is unclear whether they charge compound interest or what their flat fees may be. Before you agree to take out a lawsuit loan with Bridgeway, be sure to explicitly ask what the extra costs are going to be on top of the initial loan principal.
Get Help with High Rise Financial
There are numerous options to choose from when seeking legal funding. However, High Rise Financial continues to put our client’s needs first, is transparent regarding our fees, and provides legal funding to virtually endless types of civil and personal injury claims.
When you need access to your settlement funds in advance, do not hesitate to contact our loan specialists at High Rise Financial. Fill out our quick contact form to apply now, or call us with questions and concerns. If you fill out your application today, we could authorize up to $1 million in legal funds.