Direct Legal Funding is a highly respected legal funding company based out of New York. If you’re waiting on a settlement, they can provide you with the money that you need to fight for its full value. In an industry where it can be hard to find a reliable partner, Direct legal Funding is one you can count on.
The legal funding industry can be difficult for outsiders to navigate, especially if they are only learning about it after their accident. With this information, we hope to give you the tools that you need to make an informed decision about the company you wish to partner with.
In This Article
What Kinds of Cases Does Direct Legal Funding Cover?
Direct legal Funding covers a wide variety of cases relating to personal injury settlements and civil rights violations. If you have a settlement pending, it’s likely that you qualify for legal funding from there. Here’s just a sample of the types of cases that they cover:
- Car accidents
- Pedestrian accidents
- Medical malpractice
- Personal injury claims
- Civil rights cases
- Jones Act cases
- Nursing home abuse
Just because your case isn’t listed doesn’t necessarily mean that it’s not covered. SPeak with Direct Legal Funding today to find out if your case qualifies for a settlement.
Advantages of Direct Legal Funding
Direct Legal Funding offers several distinct advantages over other lenders or forms of financing for your fight for your settlement. Knowing what these are can help you better evaluate the opportunity presented by Direct Legal Funding. You’ll better understand the value proposition they offer and how they can fit within the broader strategy you’re pursuing in your case.
They Offer Non-Recourse Funding
Non-recourse funding is a type of debt that you don’t have to repay should you lose your settlement. This can’t be said for personal loans or credit cards you may take out or open up for your case, as they need to be repaid regardless of the outcome. This gives non-recourse funding an advantage over alternative forms of funding, and Direct Legal Funding an edge over some of its competitors.
There Are Few Fees and Low Interest Rates
Should you decide to work with Direct Legal Funding, you won’t face high fees or interest rates. In fact, many low-risk cases carry interest rates of only 2%, which rates as some of the lowest interest rates in the industry. You also won’t face hidden fees that can add onto the final balance you owe as repayment.
They Have a Fast Turnaround
Direct Legal Funding offers a speedy turnaround time for those who decide to work with them. In as little as 24 hours, you could have funding in your account after you’ve been approved. This can make it easy to get the money you need when you need it most.
Disadvantages of Direct Legal Funding
While Direct Legal Funding has its advantages, there are some drawbacks to working with them that you’ll want to be aware of before signing anything. While these aren’t usually enough to make people not want to work with them, you should consider them for your own legal strategy. You may find that another lender is better suited to the particular circumstances of your case.
Higher Interest for Riskier Cases
Cases that are deemed to be riskier by The Legal Funding Group may receive higher interest rates associated with them. In some instances, they won’t be covered at all and you’ll need to seek another provider. This is because the company can only be repaired if you win your settlement.
Few Web Reviews
Direct Legal Funding has few online web reviews on sites such as Trustpilot or Angi. While this lack of reviews isn’t necessarily a mark against the company, it does make it difficult for outsiders to evaluate the quality of the company and the service they can expect from it.
After an accident, few people have the time, resources, or knowledge to dig around for information about potential legal funding companies. And unless you’re already familiar with the industry, it’s hard to know what you’ll get from Direct Legal Funding.
They Aren’t a Member of Industry Groups
Unfortunately, Direct legal Funding isn’t party to industry groups such as the American Legal Funding Association (ALFA), Alliance for Responsible Consumer Legal Funding (ARC), or International Legal Finance Association (ILFA).
While this isn’t necessari;y a mark against the company, the legal funding industry is largely unregulated. Groups like these work to uphold industry standards, and it’s a good sign if a company is party to at least one of them.
Apply for Legal Funding Today
Legal funding for your settlement case is now available through High Rise Financial. We can offer you up to $1 million in funding within 24 hours after you’ve been approved with us. The money will be deposited into your bank account and is yours to spend however you see fit.
We make it easy to obtain legal funding from your case, and if you’re waiting for a settlement, it’s likely that you’re already pre-approved through us. Should you lose your fight, you won’t owe us anything either, since all of our funding is nonrecourse. Contact us today to find out if you qualify and to get the funding you need to obtain justice.