Cheyenne Pre-Settlement Loan

You may get hurt in Cheyenne due to someone else’s negligence. At this point, hire a personal injury attorney, and they can help you file a claim against any at-fault parties. Also, it may be beneficial to pursue Wyoming legal funding you can use to cover your costs during your litigation. 

High Rise Financial offers Cheyenne lawsuit loans with flexible terms. Our team can help you get approved for a legal loan. To learn more, reach out to us.

Wyoming Personal Injury Statute of Limitations

According to Wyo. Stat. §1-3-105, you have up to four years from the date you suffer a personal injury to sue for damages. This statute may not be extended. A personal injury lawyer can help you submit your claim before the window to do so closes. 

You may request compensation through an at-fault party’s insurance company. For instance, if you are involved in a car accident in Wyoming, you may file a claim through the at-fault motorist’s insurance company. Ideally, the insurer will pay damages to cover all of your losses — but this is unlikely to happen. 

An insurance company is focused on protecting its clients and its bottom line — not you. Even if you have a valid claim for compensation, an insurer may do whatever it can to avoid paying you. An at-fault party and their insurance provider may also commit significant time and resources to build a case against you.

To apply for free, call (877) 735-0016

How to Get Compensation for a Personal Injury

You can seek damages after a dog bite attack or any other incident that leaves you with an injury. To secure compensation, you must show an at-fault party was negligent. This requires you to prove the following elements of negligence were present at the time you suffered your injury:

• An at-fault party had a duty of care, i.e., a legal obligation to avoid careless and reckless acts that could put you and others in danger. 
• This party breached their duty of care. 
• Because the party violated their duty of care, you got hurt. 
• You incurred economic or non-economic losses due to the party’s actions.

You can build a compelling argument but still not receive any compensation. However, a Cheyenne lawsuit loan helps you protect against this outcome. The loan provides you with money you can use for the duration of your case, and you do not have to repay it unless you win or settle your claim.

Cheyenne Pre-Settlement Funding Lawyer Near Me (877) 735-0016

Lawsuit Funding Process

To apply for legal funding, you must be involved in an injury case. Also, you must hire an attorney to represent you. Your lawyer will communicate and collaborate with your lawsuit loan company on your behalf.

You can submit an application for pre-settlement funding online or over the phone. It usually takes just minutes to fill out this application. You do not need to provide credit or income information as part of your submission. 

A legal loan company does not need a lot of time to process a pre-settlement funding application. In some instances, applicants are approved for funding and see the money in their bank accounts in as little as 24 hours. If your request for lawsuit funding is accepted, you will get a personalized quote. 

Differences Between Pre-Settlement Funding and a Personal Loan

You may want a personal loan to help you cover your expenses while you move forward with your personal injury claim. The loan may seem like a great idea at first since it gives you funding you can use immediately. Compare this option against pre-settlement funding, and you may quickly discover the latter is a superior option.

To get a personal loan, you will likely have to complete a lengthy application and share your credit and income histories. A bank or credit union may need days or weeks to review your submission. If you are approved, you will have to pay back your loan, even if you do not get any compensation in your case. 

Pre-settlement funding may require less time and effort to obtain than a personal loan, as you only have to provide your contact information and information about your case as part of your application. In addition, you do not have to wait days or weeks to get approved for lawsuit funding. If you receive no compensation in your case, you do not have to pay back a legal loan, either.

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Why You May Not Have to Repay a Lawsuit Loan

A personal loan is based on a bank or credit union’s terms and conditions. Your lender gives these to you before you finalize your loan. By agreeing to them, you accept the fact that you will have to pay back your funding based on your lender’s requirements.

Pre-settlement funding is classified as a non-recourse loan. A lawsuit funding company takes all of the risk with your loan. They understand you may not receive any compensation in your case but still offer funding because they are confident you will win or settle your case.

Of course, the legal system offers no guarantees. A lawsuit funding provider understands this. It also accepts the fact that you do not have to pay anything back if you get a lawsuit loan but do not win or settle your claim.

Settlement Loan Repayment Process

You do not have to repay your legal loan until your case reaches its conclusion. If you get compensation, your attorney handles the repayment process. They get a settlement check, deduct what you owe for your loan from it, pay your legal funding company, and give you the remaining amount. 

In a case where you do not get compensation, you do not have to do anything. Your attorney notifies your legal loan company about the result of your case. The business clears your loan balance, and you keep your money without any consequences. 

The best legal funding provider can walk you through its repayment process. It wants you to make an informed decision about a pre-settlement loan. If you ever have concerns or questions about this process or other lawsuit loan topics, the business’ pre-settlement funding specialists are ready to respond to them.

Get a Cheyenne Lawsuit Loan

High Rise Financial makes it easy to pursue legal funding in Cheyenne. Our team can discuss our pre-settlement loan options with you. For more information, contact us today.

Call or text (877) 735-0016 or fill out our form to apply today for free.