Fast Pre Settlement Loans in Salem, MA
Massachusetts sees an average of 300 fatalities in vehicular accidents per year. That statistic doesn’t include injuries due to negligence, or drunk drivers, among other things. These are prime examples of personal injury cases, which is just the tip of the iceberg. There are still thousand more personal injury cases happening in the state.
Therefore, it’s not surprising to see why many are going for a pre settlement loan. Plaintiffs typically face financial stress due to their sustained injuries, the mounting bills to pay, the loss of income, and more. With a lawsuit loan, they can get relief from the stress.
Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today at (866) 407-6404 to get settlement funding in Salem, MA.
Qualify for Lawsuit Loans
You are eligible for a settlement loan in Salem if you are a resident of Massachusetts and have an ongoing personal injury case. The money from the settlement funding firm can help you through your legal battle for the proper compensation.
High Rise Financial offers lawsuit loans, provided you have an active lawyer. The firm can also help you connect with one if you don’t have any legal representation. As a legal funding firm, High Rise Financial provides settlement loans for various cases, including, but not limited to, the following:
- MVA (motor vehicular accident)
- Personal Injury (medical malpractice, slip and fall, wrongful death, product liability, construction accidents, workplace injury, etc.)
- Medical Devices (Pharmaceutical cases, hip implant, transvaginal mesh, hernia mesh)
Traditional Loans VS Presettlement Funding
There are differences between traditional loans and presettlement funding. Legal funding is a non-recourse loan. You only pay the lawsuit loan if your win the case. If not, you are not obligated to pay the borrowed money back. Furthermore, settlement loan firms cannot take away your assets or pursue legal action if you don’t pay them back.
Pre settlement funding firms take on the risks as they don’t get paid when you don’t win the case. Hence, the astronomical interest rates. It’s how they break even. In that sense, every case is an investment. The stronger your case is, the more likely the settlement loan application will be approved.
Additionally, lawsuit loans mean getting a cash advance from your future settlement. Therefore, there’s no payment plan unless you win the case. The lawyer pays the settlement loan firm back once the case is won and compensation is sent over.
Lawsuit Loans FAQs
Can I get legal funding for an insurance claim?
Yes, you can. You can then use the money for any necessary purposes.
How long does it take to process settlement loans?
The process for lawsuit loans is not tricky. It is also reasonably quick. Pre settlement funding application with High Rise Financial only takes a few minutes. The underwriters will then reach out to your lawyer for the necessary information on the case. After reviewing your case, the underwrites approve and notify you of your lawsuit loan. You can get your money within the day or the next.
What are the interest rates for lawsuit funding?
It is a flat rate for the first six months. Like other lawsuit funding firms, we also have non-compounding rates. The strength of your case and how long it settles also impact interest rates.
Get Funded Today!
High Rise Financial is one of the US’s most reputable lawsuit loan providers. We operate and provide funding in most states in the country and for most personal injury cases as well. With us, you can get the right representations and face your legal battle head-on. Call us today for any questions on settlement loans.