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Founded in 2013 and located in Florida, Citrus Legal Funding offers fast, simple, and easy pre-settlement funding for negligence accidents. There is no information on their advance rates and approval times. They focus on personal injury cases.
While they do not state how long the process takes, many customers say it was very quick. There Is also no information on their rates. Many legal funding companies are out there, and you must do your due diligence and find the company that works for you.
What Are People Saying?
There have been no BBB complaints in the last three years, and they have a 5-star rating. Google reviews have garnered them a 4.9-star rating with no information on Yelp. Communication can be a little slow for some because of the influx of calls they receive, but no major issues are reported.
What Are People Saying About High Rise Financial?
Citrus Legal Funding has rave reviews but so does High Rise Financial. Our customers have left us reviews on Yelp, Google, and BBB. We have a 4.9 rating on Google and 4.5 on Yelp. On BBB, our rating is 3.93, and the bureau accredits us.
Our clients rave about our customer service experience and attention to detail. They enjoy how compassionate and caring our team is during communications. We offer funding across the United States.
What Types of Legal Funding Are There?
Legal funding consists of a company providing you cash today with the agreement that you will give them a portion of your lawsuit in return. There are nuances to the types of legal funding available, but they help you get a fair settlement, and your attorney takes your case as far as possible.
Pre-settlement funding has two categories: commercial and consumer. Commercial litigation is complex and involves business-to-business disputes, while consumer lending involves individuals in personal injury cases.
What Are Recourse and Non-Recourse Loans?
When looking for a legal funding company, you will hear these terms often, and you might not know what they mean. The IRS established these names, which can have different tax repercussions depending on their categories.
Recourse debts mean you are responsible for paying back the total amount, like when you take out a loan for a car. They have compounded interest, so your interest grows through the life of the loan, and so does your balance.
Non-recourse loans mean our lender cannot ask for more than the collateral. They cannot come after your assets for payment,
Where Do Structured Settlements Fit into Legal Funding?
Structured settlements are agreements between the two parties to avoid trial or other legal actions. You will receive a set amount at specific intervals until you get your total settlement. You get small payments that can help you pay for daily expenses, but if you need a lump sum, this process doesn’t work for you.
You can sell part of your structured settlement to High Rise Financial, and we will provide you with a lump sum equal to those payments. It is another legal funding option.
What Are the Benefits of a Pre-Settlement Loan?
Many injury victims are apprehensive about seeking pre-settlement loans, but the process has many vital benefits. You can alleviate stress by opting for pre-settlement funding with other benefits, including:
- Get caught up on outstanding bills
- Paying for purchases now instead of maxing out credit cards or dipping into savings
- Lower risk of accepting a low offer from the insurance company
- Paying for medical treatments now
- Avoiding collections
You do not worry about your finances when you apply for pre-settlement funding. Instead, you pay off your bills and keep fighting for a fair settlement.
How Does the Legal Funding Process Work?
You decide you need pre-settlement funding. Then you research the company you want to work with, High Rise Financial. You then submit your application, wait for approval and get your funds.
The application is the longest part because we will verify your information, speak to your lawyer and calculate your pre-settlement funding. Once we review all relevant information, we will approve your application and disburse funds within 24 hours. The process is truly that easy.
Will Taking Out a Loan Get Me into More Debt?
Pre-settlement loans help clients get out of debt, not cause more debt. You don’t pay us back from your daily income, but your attorney will pay us when they receive a favorable settlement for your claim. Even if you receive an unfavorable settlement, you don’t owe High Rise Financial a dime.
Our loans are non-resources, so we cannot accept payment from any source that is not a civil payout or a personal injury settlement. You have minimal risk when you apply for a same-day pre-settlement loan from High Rise.
Do I Qualify for Legal Funding?
You likely qualify for legal funding if you are in a personal injury lawsuit and have legal representation. Your employment history, background, and credit score are irrelevant when looking for a pre-settlement loan. The main focus is on your open lawsuit.
You must have the following qualifications when applying for legal funding:
- A valid lawsuit
- Legal representation from a reputable attorney
- Your case qualifies for legal funding in your state
Pre and post-settlement funding is not highly regulated, but some states make it challenging for legal funding companies to operate. You must also live in a state that allows legal funding and High Rise Financial services. You can check if your state is within our services and start your legal funding application.
Why Choose High Rise Financial Funding Services?
We have a team of professionals to help you make informed decisions. We will take the time to ensure you understand the options and the terms of your legal funding. You should always research legal funding companies to ensure you get the best rate possible and work with a reputable company.
You’re more than an investment to us, you are a person in a challenging situation, and we want to help. You get a better chance of getting the settlement you deserve than you work with High Rise Financial.