Lawsuit loans are available for those in dire financial situations. Some can use their time to recuperate from injuries incurred by someone else’s negligence—some need to continue providing for their families. Hence, lending firms.
These firms let you get a cash advance from your future settlement. You are free to use the money for personal and other reasons. However, not every lawsuit companies are reputable.
Therefore, even if they offer seemingly reasonable rates, it’s still important to do your research and ensure that you’re not spending most of your settlement award for your cash advancement. Is Direct Legal Funding a reputable one? Read our review below.
What is Direct Legal Funding?
Direct Legal Funding is based in New York and is one of the most respectable firms in the state. It has excellent reviews and five-star ratings on different review platforms, including Birdeye. Additionally, the firm has no upper limit for its funding provisions and adopts a no-win, no-repayment loan basis, just like other lending firms and us in the country.
Their lending process is similar to ours. First, the company contacts your legal representative. Second, they evaluate your case based on details. And lastly, they notify you of approval or rejection of your financing application.
You’ll sign the paperwork, and your check or money will be released. Often, the application process takes more than 24 hours.
To apply for free, call (877) 735-0016
What Cases Does Direct Legal Funding Fund?
If you have an ongoing personal lawsuit claim, then it’s highly possible that this firm can help you. Here are some of the cases that the Direct Legal Funding firm accepts. From cases related to personal injury to civil rights violations, Direct Legal Funding covers them all.
- Traffic accidents such as car and pedestrian accidents
- Medical malpractice
- Jones Act cases
- Civil rights cases
- Nursing home abuse
- Personal injury cases
If your case falls under any of the above categories, you can apply for legal funding from the firm. However, it’s not 100% guaranteed that your case is covered. The company’s team has to evaluate your case and make sure you qualify before making any decisions.
Upsides of Direct Legal Funding
There are several reasons why people choose Direct Legal Funding over other companies. Check out the upsides below to help you decide if they’re the right legal funding firm for you.
Direct Legal Funding also offers a speedy turnaround. They claim to give funding to your account or check 24 hours after approval. Thus, faster processes are beneficial for your case. This is critical for personal injury cases.
No Fees and Low-Interest Rate
The company also has a free application process, as stated on its website. You can send in your application, discuss the details of your case, and get your money without fees. As for the interest rate, they boast a low rate of 2%, depending on the details of your lawsuit.
Still, it’s essential to ask for transparency since other firms don’t always stay true to the information on their website. Others include fees and hide them in the lengthy contracts you sign. Therefore, read the fine print and be upfront about the fees, charges, and interest rates.
Downsides of Direct Legal Funding
Trustworthy badges include partner organizations and membership in industry ethics organizations, such as the following:
- Alliance for Responsible Consumer Legal Funding (ARC)
- American Legal Funding Association (ALFA)
- International Legal Finance Association (ILFA)
Legal funding is still not regulated, not like traditional loans. Hence, these three organizations ensure that firms abide by the code of conduct and protect their clients as much as possible. They promote and influence companies to have the best practices in their businesses.
Complete a Free Application form now
What Does the Web Say About Direct Legal Funding?
There are only very few reviews you can find online for Direct Legal Funding. They have testimonials on their site, but these are already checked and picked by their staff. In Angi, the company has a 3.0/5.0 rating from only two verified reviews. On Google, they have a 4.8/5.0 rating from only 25 reviews. Here are some comments.
“Great service. They were able to help me out last minute with a unique situation. Highly recommended. The whole process was done with ease when others couldn’t do what Daniel was able to do. That was very professional.” -Dmitry Tsrikind (February 2022)
“Not so great. [I found others in] Redwood funding [since] they have a cheaper rate.”
- Rona G. (August 2017)
Apply for Legal Firm Today with High Rise Financial
High Rise Financial is a financing firm that offers settlement funding for lawsuit cases. We, too, have a fast turnaround, no hidden charges and application fees, the lowest interest rates in the industry, and are members of ethics organizations.
We want to help you get the best settlement there is. The aim is to provide the best services in the industry without putting you in a bind later in the repayment process. Thus, we want to give you a non-compounded, non-recourse cash advance today.
Call or text (877) 735-0016 or fill out our form to apply today for free.