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Motor vehicle accidents, slip and falls, truck accidents, and more are usually traumatic, especially when they are caused by someone else’s negligence. If you suffered serious injuries, medical expenses, hospitalization, and other living expenses may accumulate and subject you to financial misery. Hence, if you are facing financial instability and need money right now to achieve relief before your injury claim or lawsuit settles, you may apply for a lawsuit loans in New York.
At High Rise Financial, we are committed to offering risk-free lawsuit funding to claimants and personal injury victims throughout New York State. The purpose of our pre-settlement loans is to help those who need financial assistance while waiting for their claims or lawsuits to settle. You can use our lawsuit funding to pay hospital bills, utility, debts, buy food, and cover your living expenses. In addition, the pre-settlement funding is non-recourse, and you owe us nothing if you lose your case.
New York Laws Addressing Personal Injury and Car Accident Cases
Here are some laws addressing personal injury and auto accident cases in New York State:
Reporting Requirements
In New York State, individuals who are involved in a motor vehicle accident that results in an injury to a person, someone’s death, or property damage of more than $1,000 must report the incident to the police or DMV within 10 days. Failure to do so can result in fines and penalties.
Statutes of Limitations
Furthermore, victims of auto accidents will have up to three (3) years from the date of the accident or personal injury to file an insurance claim or lawsuit. Unfortunately, missing this deadline may cause you to lose your right to seek compensation.
It is advisable that you file your case on time to avoid missing the deadline. Also, while your case is ongoing, you may apply for a risk-free lawsuit loan.
Understanding the Basics of Our Lawsuit Loans in New York
At High Rise Financial, we offer financial assistance to individuals dealing with the complexities of injury claims and lawsuits. Our pre-settlement funding provides a financial lifeline while your case is in progress. The New York lawsuit loans can help you achieve relief from the burden of daily expenses, healthcare costs, and other financial pressures. Here are some of the key features of our settlement funding:
No-Risk Financing: Unlike conventional bank loans, our funding is non-recourse. This means you’re only obligated to repay if your case succeeds. If your claim doesn’t result in a settlement, you owe nothing.
Streamlined Application: We’ve simplified the application process to minimize stress. Our team works directly with your legal counsel to review your case and determine eligibility. There’s no need for credit checks or employment verification.
Swift Access to Funds: Once you’ve been approved for any of our lawsuit loans, you can typically expect to receive your funds within 1-2 business days.
Flexible Funding Amounts: The amount available to you is generally based on the projected value of your case. In fact, there is no limit on how much you can get or the number of times you can apply for a lawsuit loan.
Freedom of Use: Also, you have the liberty to allocate the funds as needed. You can use the money to pay your medical bills, legal fees, rent, utilities, car loans, food, groceries, outstanding debts, and so forth.
No Personal Liability: In the event your case is unsuccessful, you won’t face any personal debt obligations or liability. The lawsuit loan is non-recourse, and it will not affect your credit score.
Furthermore, our pre-settlement funding serves as a financial safety net during this challenging time. By securing our risk-free lawsuit funding in New York, you can focus more on your recovery and legal strategy without the added pressure of financial instability.
How to Apply for Pre-Settlement Funding in New York
Applying for a risk-free lawsuit loan on your ongoing legal case in New York is now more accessible than ever. Follow the steps below to apply for pre-settlement funding:
- Reach out to our dedicated advisors and express your interest in getting a pre-settlement loan before your case concludes.
- Go to our user-friendly online portal to submit your personal details and complete the application form.
- Share essential information about your pending lawsuit and how the legal proceedings are going.
- Provide us with your legal representative’s contact details.
- Our experienced financial specialists will engage in a thorough discussion with your attorney. During the meeting, we will examine the strength of your case, potential settlement amounts, and other crucial factors.
- Our trusted review team will carefully assess your lawsuit funding application to determine your eligibility for a settlement loan.
If you are approved, your New York lawsuit loan will be made available to you within 24 hours or less.
Is Pre-Settlement Funding a Personal Loan?
No. Our pre-settlement funding in New York is not a personal loan. Essentially, the legal funding is different from a traditional bank loan. This is because we don’t expect you to pay back the lawsuit loan using your personal finances. Our New York lawsuit loans are non-recourse cash advances. You will only have to repay the settlement loan using a previously agreed percentage of your financial compensation if you win your case. Conversely, if you lose your lawsuit or don’t get any compensation, you don’t owe us anything.
Need Affordable Lawsuit Loans in New York? Call Us Today!
If you have an ongoing lawsuit and you are experiencing financial hardship, you should consider applying for our low-rate settlement loans. Get in touch with us at High Rise Financial today for a one-on-one case assessment. Our dedicated experts can enlighten you about your eligibility and walk you through every stage of the legal funding application. We’re proud to serve clients across New York State and beyond.