Legal Funding for Truck Accident Lawsuits

The Association for Safe International Road Travel (ASIRT) estimates that each year in the U.S., roughly 38,000 people die on the road. Traffic accidents are one of the leading causes of death in the nation. Even though truck accidents are relatively rare, they make up a disproportionate amount of fatalities and injuries.

Truck accident lawsuits can be challenging to win promptly. Insurance companies aren’t likely to offer a fair settlement initially, so you will have to fight for proper compensation that accounts for all the damages you’ve sustained. While you pursue financial compensation, we can provide you with money to help support you during this difficult time.

Truck Accident Lawsuits Can Take a Long Time to Settle

When you file a claim after your truck accident, don’t expect things to resolve quickly. Insurance companies tend to stall during the negotiation process as a tactic to get you to settle for less. The longer they take to resolve your lawsuit, the more open you’ll become to settling quickly and for less than what you need.

Additionally, it can also take long on your end to even start filing a claim. Most lawyers recommend that you:

• Build a strong case for your lawsuit
• Gather evidence related to your accident to support your arguments during negotiation
• Finish as much of your medical treatment as possible
• Calculate all your damages accurately

All these things require time and can’t happen overnight. You should reasonably expect several months for your case to settle out of court. If your truck accident lawsuit goes to trial, it could take even longer. Some court cases take years to finally come to a settlement between all parties involved in the truck accident.

How Exactly Will Legal Funding Help Me?

When you can afford to pay off your bills, the stall tactics that the insurance company tries to use against you won’t work. Instead, you will have the ability to play the long game and wait for the proper amount of compensation.

Insurance companies are business first and foremost. They’re not interested in helping out truck accident victims. They’re only interested in saving themselves money by paying you less. It’s not hopeless to fight back against them to win the settlement you deserve.

How Do I Qualify for Legal Funding?

To qualify for legal funding, you can apply with us, online, or over the phone. You don’t have to pay anything to apply for legal funding, and you can receive the cash you need within 24 hours.

Our application process is simple and we only require a few things to qualify:

• You must have an injury claim
• Your injury must be a result of a truck accident
• You must be a resident of the state where you are applying for legal funding

We don’t require any financial documentation or a credit inquiry for approval, so you don’t have to worry about your credit score taking a dive. In addition, you do not have to be currently employed to get a lawsuit loan either.

Does Interest Accrue on Pre-Settlement Funding?

No, our lawsuit loans do not have a compound interest or any type of interest. Instead, we charge a one-time flat-rate fee that we’ll deduct from your settlement if you win your case. If you are approved for legal funding, we will give you and your lawyer an agreement that clearly states how and why we take the fee.

It is important that your lawyer agrees to sign the agreement along with you. If they do not sign the paperwork we cannot provide legal funding to you.

How Can I Use Legal Funding for My Truck Accident?

You can use legal funding to cover many of your expenses after a truck accident. Usually, truck accident victims will cover these critical financial obligations.

Medical Expenses

Truck accidents were responsible for 4,119 deaths in 2019, according to data from the Insurance Institute for Highway Safety (IIHS). The vast majority of people dying or getting hurt from truck accidents are the occupants of passenger vehicles or pedestrians. In addition, trucks are large, heavy, and can cause devastating damage and injuries.

When you’ve suffered through a serious truck accident, your medical expenses aren’t going to be cheap. While you can recover compensation for them, there’s no guarantee that you’ll get it on time to foot your medical bills. Our legal funding can provide you with money to pay off the treatment you received or are receiving.

Mortgage or Rent Payments

While you’re injured, there is a high chance that you won’t be able to work and pay off your rent or mortgage bills. However, you can utilize legal funding to cover several months of your housing costs and other expenses, such as utilities and HOA dues.

You don’t have to worry about losing your home due to your truck accident. Legal funding is a way to cover your essential costs as you wait for the results of your lawsuit.

School or Tuition Fees

Are you going to school, or are you financially responsible for someone else’s tuition fees? You don’t need to pause any educational pursuits because of the negligent party that caused your truck accident.

Legal funding can also help you pay for tuition or school fees. Pre-settlement funding can help get your degree and you don’t have to worry about repaying it.

Can I Get More Than One Truck Accident Lawsuit Loan?

Yes, you can get more than one truck accident loan, but it depends on some factors. The maximum amount of your settlement that you can take out in a lawsuit loan is 20%. To be eligible to receive more funds you cannot have already taken the full 20% of your settlement.

Also, the value of your case must have increased, resulting in a higher settlement estimation. Reasons your settlement amount may increase include the discovery of a higher quantity of negligence or more parties than can be held accountable for the accident. In fact, this is one of the most common reasons people ask for additional funding.

Our specialists can help determine if you are eligible for additional legal funding. If you are considering applying for another truck accident lawsuit loan, you do not have to go through the application process again. When you request funding, your case stays on file along with the most recent settlement amount and any changes that may occur.

Our Legal Funding Is Non-Recourse

Our pre-settlement funding is classified as a non-recourse debt. Compared to other forms of debt, where they can demand monthly payments to cover your debt, we can’t do this and we don’t. The non-recourse funding that we provide allows truck accident victims to receive risk-free funding.

Non-recourse essentially means that you don’t have to pay us back for anything if you don’t win compensation. That’s right. If you lose your lawsuit, you owe us nothing in return. We take on the risk so that you don’t have to.

Get in Touch With the Team at High Rise Financial Today

The expenses that you can face after a truck accident can cause an immense amount of stress. The financial experts at High Rise Financial are ready to help you qualify for legal funding today.

You can contact us online or call us. There are no fees and no obligations when you schedule an appointment with us.