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High Rise Financial Review
Thursday, May 30th
2024 Lawsuit Funding Company Reviews
High Rise Financial
- Cash advance instead of loans
- Offers up to $250,000
- Specializes in personal injury cases
- 1-2-day turnaround
- Repayment goes through your lawyer
- Only pay if you win your case
- "A+" rating and accreditation from the BBB
High Rise Financial is a California-based pre-settlement funding company that steps in to provide financial relief to you and your loved ones. Established in 2016 by Michael and Mark Berookim, High Rise Financial positions itself as more than just a funding source; it's a support system to help address the unique challenges faced by personal injury plaintiffs. The foundation of High Rise Financial's operations revolves around providing 24-hour pre-settlement funding, so you can count on a swift response to urgent financial needs.
Focus on personal injury cases
A notable aspect of High Rise Financial's approach is that rather than focusing on workers' comp scenarios, like some of its competitors, High Rise Financial distinguishes itself by focusing almost completely on personal injury plaintiffs. The range of cases eligible for High Rise Financial's pre-settlement funding is impressive. This includes everything from car accidents to personal injury, defective medical devices, nursing home negligence, premises liability, dog bites, construction accidents, Jones Act, wrongful death, to workplace accidents.
Financing for medical care
In fact, the spectrum includes tons of legal scenarios where pain, suffering, and injury are key to the case. Beyond the realm of conventional funding, High Rise Financial also extends its services to include scheduling and financing for medical care. This holistic approach sets them apart, recognizing that the aftermath of a personal injury extends beyond the initial financial strains of the case.
Advance up to $250,000
High Rise Financial has a pre-settlement funding framework characterized by flexibility. The cash advance is billed by the company to "not be a load" . Rather, High Rise Financial advances you up to $250,000. High Rise Financial takes pride in being a direct funder, eliminating intermediaries, and offering you a direct line to financial assistance. High Rise Financial operates within the realm of non-recourse funding, a model rooted in the principle of "no-win / no-pay." In essence, this signifies that you only need to repay your advance if you get a legal outcome where you win. If the case doesn't get a positive result for you, the financial advance becomes exempt from repayment, alleviating any burden you might be worried about.
1-2 day turnaround
Perhaps one of the most distinctive features of High Rise Financial's pre-settlement funding is how fast it moves through the approval process. You can expect to hear back within just 24 to 48 hours of application and see how much money you're receiving from High Rise Financial. In a crisis, this kind of speed can be a real lifeline.
Easy repayment, but no numbers
While there aren't any specific details about the fees and or percentages that go into the pre-settlement funding, it's pretty straightforward. You'll get an agreement from High Rise Financial which will be given to your lawyer. Then, once you win the case, your lawyer will pay High Rise Financial on your behalf out of the proceeds you earned from winning the case, and you get to keep the rest. However, since this is done on a case-by-case basis, there aren't any ballpark numbers for repayment on the High Rise Financial website. Since most competitors do offer percentages, this is one place where High Rise Financial could step up its game.
Top-rated across the board
High Rise Financial has an impressive number of referrals pouring in from attorneys in the bustling legal landscape of Los Angeles, California. This nod from legal professionals underscores how trustworthy the cash advance process is here. In terms of third-party reviews, High Rise Financial holds a commendable 4.8-star average, and over 700 reviews echoing the sentiments of satisfied clients. And to top it all off, High Rise Financial has an "A+" rating and accreditation from the Better Business Bureau along with an impressive 4-star rating out of 5 from the BBB itself. With this much praise, it's hard not to pay attention to the "no-loan" system at High Rise Financial.
A competitive injury case option
High Rise Financial emerges not just as a pre-settlement funding entity but as an impressive partner to help you resolve costs from your personal injury cases. From the rapid response to the wide range of accepted cases, High Rise Financial shows a commitment to helping you get back on your feet ASAP. With rave reviews, an impressive score from the BBB, and really no downsides, High Rise Financial easily comes out as an impressive service in this review. However, keep in mind that when it comes to lawsuit funding, their focus is limited to personal injury cases only. Their funding amount is also rather low compared with other competitors.
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The 10 Best Lawsuit Funding Companies
Where Can You Find the Best Lawsuit Funding Service Out There Today?
Nobody likes to deal with a lawsuit. Legal expenses and extended court proceedings can lead to overwhelming costs, especially when you're waiting for a settlement that seems to drag on endlessly. Amidst the financial strain of a lawsuit, you still need to manage your everyday expenses, from car payments and food to medical costs and rent.
Lawsuit funding companies have become quite popular in recent years. These companies provide financial help to those who are in the middle of a lawsuit, waiting for their turn to win or settle the case. And with the internet, finding a reputable lawsuit funding company has become easier than ever before.
Lawsuit Funding Company FAQ
Continued from above...
Lawsuits can take a long time to finish. If you're involved in a lawsuit, you might need money for important things like paying bills or getting medical treatment while you wait for your legal matters to be resolved. Lawsuit funding companies step in like helpful teammates, providing much-needed money so you can keep going in your daily life.
Also, not everyone has a lot of money saved up for unexpected challenges. Lawsuit funding levels the playing field. It lets you to access money to keep up the fight in court, even if you don't have a lot of resources. This way, you can continue to seek justice without worrying too much about the financial obstacles that may come your way.
In many situations, finding a good lawsuit funding company can be crucial to making it through the process. These companies offer the financial support you need to navigate through legal challenges without sinking into financial distress.
Understanding the approval process of each lawsuit funding company is pretty simple. Your eligibility for funding hinges on factors such as the nature of your court case, the likelihood of a favorable settlement, and often, discussions with your attorney.
For most lawsuit funding companies, you do need to have a lawyer on your case already to be eligible. The details of your case, passed to the company by your lawyer, are also used to determine the fees you'll incur if you win your case and need to repay the borrowed funds. In most cases, if you don't succeed in your settlement, you won't be required to return the borrowed money, providing a layer of financial security during an already stressful time.
Once you're approved, the majority of lawsuit funding companies aim to expedite the delivery of your funds, often providing a check or wire transfer within 24-48 hours. Going through the necessary steps to secure funding is a worthwhile investment of your time, preventing missed payments on bills and alleviating the pressure to accept an unfavorable settlement in court simply to avoid accumulating more debt. Acquiring an advance ensures that you can pursue the best possible outcome in court while maintaining a semblance of financial stability in your day-to-day life.
Court cases are stressful, but finding lawsuit funding doesn't have to be. When selecting a lawsuit funding company, you may want to check out the following criteria to guide your search:
- History. Assess the longevity of the lawsuit funding service. How many years have they been in operation? Check client ratings and their Better Business Bureau standing to gauge their reputation and reliability.
- Transparency. Opt for a lawsuit funding company that prioritizes transparency and straightforward communication. Dealing with significant financial matters requires a professional approach, and their willingness to demonstrate understanding in this regard is crucial.
- Turnaround time. Consider the efficiency of the legal funding process. If approved, how quickly can you expect to receive the funds? Given the likely urgency, avoid companies that might prolong the process.
- Ratings. How does the company stack up in terms of reputation? Do clients who've used the company before feel like they got a good deal? Were they supported by their lawsuit funding? Checking out BBB scores and user ratings can help you see a company more clearly.
To assist you in identifying the best place to get your lawsuit funding, Top Consumer Reviews has reviewed and ranked the most popular options on the market today. We hope that these reviews help you get the best deal with the most funding to support you and your life during the process of your lawsuit. This way, you can focus on getting back to normal life even while you wait for the court to battle it out.
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