Sioux Falls’ Trusted Pre-settlement Funding Firm
Over 400,000 bikers visit South Dakota annually for theSturgis Motorcycle Rally. The 10-day celebration brings many people into the state and its cities. With it comes traffic accidents, personal injury cases, and questions about whether victims could apply for pre settlement loans.
Filing For Personal Injury Lawsuit
South Dakota has athree-year limit for a personal injury claim. However, many don’t file lawsuits right away due to financial concerns. Thus, the importance of pre-settlement funding.
Otherwise referred to as lawsuit loans, legal funding is a financial backup to ensure that you have the money to support your family during your legal battle. The lawsuit loan will also help you eliminate the stress of financial burdens such as daily expenses, medical and legal fees, gas, rent/mortgage, insurance, etc.
Time is your ally. It’s best to file your injury claim as early as possible.
How Do Lawsuit Loans Work?
A lawsuit loan is a cash advance taken from your future settlement fee. Most lawsuit funding firms offer settlement loans for personal injury cases, including traffic accidents, medical malpractice, slip and fall, and work accidents. Other lawsuit funding firms also provide it to plaintiffs for discrimination suits.
But how exactly does a settlement loan work? Only a few can file for personal injury claims without worrying about their finances. Some don’t file the lawsuit because they couldn’t afford the legal fees on top of the other expenses.
This is more challenging if you pay for medical bills from your injuries or cannot work. Pre settlement funding is the answer.
You can apply for a pre settlement loan and pay it when you win and settle the case. Lawsuit loans are non-recourse loans; this means no collateral is needed. You’re not forced to pay for the legal funding if you don’t win.
The Settlement Loan Process
It’s relatively easy to get a pre settlement funding with only a three-step process. First, apply. Second, wait for the approval. Finally, contact your legal funding.
Apply for a lawsuit loan
Fill out an online application for pre settlement funding. Our team of settlement loan specialists will then check and take it from there.
Wait for your lawsuit loan approval
The team will contact your attorney to talk about the case and the strength of your claim. Receive the notification for approval within 24-hours.
Get your settlement funding
Receive your settlement loan within hours after the approval. Truly, there’s no delay and hassle.
Lawsuit Loans Cost
The cost of settlement loans depends on the firm you’re getting it from. The longer the case goes on, the more money you’re going to pay. Some settlement loan firms have higher interest rates than others.
It’s vital to check the interest rate and processing fees when shopping for settlement loan firms. Read the contract and have your attorney explain the terms. To be sure, calculate the small costs stipulated in lawsuit loans contracts. What may seem little will accumulate in time.
Low-Rate Settlement Loans with High Rise Financial
Are you in the middle of a personal injury case? File your application today and get the financial benefits even during your legal battle.
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 Sioux Falls!