Being involved in a car accident is stressful for many reasons, and it can set off a series of events that eventually leads to a lawsuit. For car accident victims, cases can help them gain the financial compensation they need to recover from their injuries, restore their property, and move on from the incident as easily as possible. Unfortunately, many car accident victims need money now and can’t wait until their case gets resolved.
This is where Virginia car accident loans, or pre-settlement legal funding, can come into play, allowing you to get the money you need in the short term while you wait for your case to settle.
In This Article
What Is Legal Funding in Virginia, Exactly?
Virginia legal funding, also called cash funding or lawsuit loans, is a sum of money you can obtain from a financial institution that you can get almost immediately, often within an hour, but definitely within a day, which can be used for everyday needs until a pending lawsuit gets settled in or out of court. Cash funding can help families like yours get back on their feet in the aftermath of an accident as you wait for your case to wrap up.
After a car accident, those involved often sustain injuries that make it difficult or impossible to work regular hours and provide the income their family depends on. In other cases, the injuries from an accident can create the need for accommodations in and around the home, like special medical equipment, in-home care, and more. These needs can cost families far more money than they can pay, but pre-settlement funding in Virginia can fill those gaps and help your family make ends meet before your case is settled.
How a Virginia Lawsuit Loan Can Help
Virginia pre-settlement funding can help your family buy groceries, pay for medical equipment, and keep the lights on at home, which is a major reason to pursue one if your family is struggling after a car accident while waiting for a lawsuit to resolve. However, another important way cash funding can help is that it allows you and your attorney to wait out the case as long as possible to pursue the most compensation possible.
Sadly, many families run short of funds before their case is resolved, which leads them to pursue settlements with the guilty party for a far less sum than their case is worth. In many cases, the other party will purposely drag the case out for months, or even years, to pressure you to settle for a lower amount. Fight back and hold the other party accountable by keeping afloat with cash funding to ensure you don’t get a penny less than your case is worth.
Finally, pre-settlement legal funding can give you and your family peace of mind even if you are not financially struggling. While awaiting the results of your lawsuit, anything can happen, and it helps to be prepared in case funds run out sooner than you think. Having a lawsuit loan can bring about a sense of calm during a difficult time, as you and your family will know you can get all of your financial needs met in the interim.
What Information Is Required to Get a Lawsuit Loan in Virginia?
Many people hesitate to look for a Virginia car accident cash funding because they are afraid it will require them to provide sensitive information about themselves, their families, and their case. The good news is that we only require you to fill out a form with some basic information, and we don’t even require a credit check! You also don’t need to provide proof that you have a job, and we don’t even review your financial situation.
All we need to get started is your contact information and a summary of the type of case you have, and we will work with you and your attorney from there.
What If I Need More Money Before My Case Is Resolved?
If your case drags on even longer than you and your lawyer initially thought, or you run out of cash faster than anticipated, we can review your case several times to provide you with more cash. If you need more cash, you and your attorney can reach out to us again and our team of underwriters to decide if we can give you more cash until your case is settled.
What Happens If I Lose My Case?
The best part about Virginia car accident loans from High Rise Financial is that you don’t owe us anything if your lawsuit doesn’t turn out the way you hope. This allows you to borrow money for your immediate needs, like bills, groceries, and more, without worrying about how you will pay it back if you don’t end up getting any money from your case.
Because pre-settlement legal financing comes with no risk to the person awaiting their case, we can only offer funds to those with a high likelihood of winning their case. To get approval for pre-settlement legal financing, we will review the information you provide us, speak with your attorney, provide you with a written agreement, and then send you cash if everything is approved.
Get the Money You Need by Tomorrow with High Rise Financial
At High Rise Financial, we have a team of dedicated staff members that are here to help you get the funding you need now to help your family stay financially secure until your lawsuit is resolved. We will be here for you every step of the way, and we will work with you to create a repayment plan that works for you if you win your case.
If you are in the middle of a Virginia car accident case and you need a loan, contact us today. One of our team members will get back to you right away.