If you are involved in a personal injury case, there is a chance that the defendant will present perjured testimony. When this happens, the defendant lies under oath, which can make it exceedingly difficult to get damages in your case. However, if you previously received personal injury legal funding, you are assured of getting compensation, no matter how your case turns out.
At High Rise Financial, we offer pre-settlement funding for personal injury cases and many others. For more information, please get in touch with us. We can teach you about the relationship between legal funding and perjured testimony, and much more.
In This Article
A Closer Look at Perjured Testimony
Perjury involves willfully being untruthful in court after a person takes an oath in which they say they will tell the truth. There are four elements of perjury:
- An individual has taken an oath in court that states they will testify truthfully.
- They have willfully made a false statement that contradicts the oath they previously took.
- They believed their statement was false when they made it.
- They made this statement based on a material fact.
You cannot control if someone commits perjury in court. On top of that, proving that someone committed perjury and submitted perjured testimony against you is exceedingly difficult. Even if you have an experienced attorney at your side, there is no guarantee that a court will overturn this testimony and find it to be false.
Although perjured testimony can hurt you in a personal injury case, you can still receive compensation based on your expected case result. To do so, you can submit a pre-settlement funding application through High Rise Financial. To learn more, please reach out to us.
How Legal Funding Can Financially Protect You Against Perjured Testimony
Perjured testimony is problematic since it is difficult to contest. For example, if the defendant in your personal injury case submits perjured testimony, your attorney must dispute it. Yet, your lawyer must show the court that the defendant knowingly lied, and they may struggle to find sufficient evidence to support this claim.
Thanks to legal funding, you are financially protected in the event that the defendant in your personal injury case submits perjured testimony. You receive money from a pre-settlement funding company after you file your personal injury lawsuit. This company is fully responsible for your loan, even if you lose your case.
In the worst-case scenario, you may lose your personal injury case due to the fact that the defendant used perjured testimony against you. If this occurs and you previously received a pre-settlement loan, you keep the money that was given to you without penalty. Your pre-settlement funding company accepts 100% of the responsibility for your loan, and your loan balance is completely cleared.
How Pre-Settlement Funding Works
You can request legal funding if you live in California, New York, or any other U.S. state. The funding works in a similar way to a loan you may request from a bank or credit union. In terms of repayment, legal funding is very different from a personal loan.
If you request a personal loan, you are expected to pay it back within a designated time frame. Comparatively, with a pre-settlement loan, the money you receive is considered non-recourse. This funding is contingent on the result of a legal case and the projected settlement associated with it.
As non-recourse funding, you are not expected to repay legal funding unless you win or settle your case. At this point, your attorney takes care of your lawsuit loan repayment. They submit a payment to your lawsuit loan provider from your settlement, and you get the remainder of your settlement amount.
Why It Is Beneficial to Apply for Pre-Settlement Funding
Pre-settlement funding guarantees you will receive compensation, even if perjured testimony is submitted in your legal case. You can receive thousands of dollars with a lawsuit loan. Plus, you have the flexibility to use this money however you choose.
With a pre-settlement loan, you may be able to receive a low-interest rate as well. Your pre-settlement loan company can explain your interest rate and all of the terms and conditions associated with your funding before you finalize your request for it. They can also answer any questions you have regarding lawsuit funding.
When you request a lawsuit loan, you will not have to wait long to find out how much money you can receive, either. Typically, you can request funding in a matter of minutes. Your lawsuit funding company can let you know how much money they can give you in as little as 24 hours.
How to Get Started with Pre-Settlement Funding
If you want a lawsuit loan, you can submit a request for it at any time. Here are the steps you will need to complete to ask for a lawsuit loan:
- Hire an attorney. Your lawyer can file your lawsuit and help you navigate the legal funding process.
- Ask for money. You can fill out your application for lawsuit funding online or work with a lawsuit loan specialist to complete your application over the phone.
- Find out how much money you can receive. You will receive a personalized lawsuit loan quote to review.
- Accept your lawsuit loan. As soon as you approve your lawsuit loan quote, your money is sent out to you.
The best lawsuit funding company can walk you through the process of getting the money you need to cover your expenses while your litigation moves forward. This company has friendly, knowledgeable lawsuit loan specialists on staff, and they can give you the insights you need to make an informed decision about a pre-settlement loan. If you decide that now is the right time to request a pre-settlement loan, these specialists will make it easy for you to submit your application and get your money right away.
Request a Pre-Settlement Loan from High Rise Financial
The High Rise Financial team can help you get the lawsuit funding you need. Please contact us today to explore our pre-settlement loan options.