Lawsuit Funding

The process of getting funding for a lawsuit is pretty simple and only requires you to give your attorney permission to speak to the lender and release your case file.

• When you are ready to get started, complete the settlement advance funding application online or call (888) 711-3599 to start. Once you are done, you’ll get a quick call from a team member to ensure your litigation can qualify for the advance. 
• Once we receive the file, underwriting will evaluate the merits of your lawsuit or claim and estimate the potential value of your expected compensation to decide whether the case qualifies for funding.
• Next, upon approval, 24 hours later, you and your attorney will get a funding contract to sign. This contract contains the amount, a specified return rate, and payment instructions for when the case settles. 
• Most plaintiffs receive their money immediately after executing the funding agreement, and there are two ways the funds are disbursed. The first one is we can send you an overnight check which will land at your doorstep or your attorney’s office the next business day. The second option is to wire the bank transfer into your account that same day as long as the contract is complete before 4 pm.

The legal funding process length varies from 24-48 hours from when your lawyer sends your case file. 

You can borrow up to 10% of your potential settlement’s worth. 

Some of the criteria to get qualified for non-recourse lawsuit settlement loans are:

• You must be a plaintiff with a viable legal claim;
• You must have retained an attorney on contingency;
• Yust be at least 18 years of age;
• The defendant has to be insured.

• Accident lawsuits can be expensive, stressful, and time-consuming. Injuries from a car accident or any other personal injury can burden you financially. Non-recourse funding help plaintiffs cover living expenses as they are an excellent option for quick access to lawsuit cash when an emergency financial situation happens due to an accident.
• Good credit or job history are not requirements for the loan. It is only based solely on the strength of your case.
• Lawsuit settlement loan funds are released in as little as 2 hours from approval.
• Your lawsuit can be funded from $1,500 up to $2,000,000, according to its value.

While, in theory, legal funding sounds like an amazing financial product, there are things to be aware of:

• Most lawsuit advance funding comes with high-interest rates. Most lawsuit loan companies charge higher interest to make up for the risk of investing in your case. Please make sure the rate they show you on the contract is the rate they promise.
• Most lawsuits take a very long time to settle, and rates can pile up quickly over a year or two. You should make sure that you are aware of the interest rate, if it compounds, and if they offer caps on the loan. A capped rate means that your loan will end in two or three years, and you should not pay any more interest after that time, even if your lawsuit settles in 5 years. Without caps, your interest can maximize the repayment amount over time. 

Your attorney will repay the borrowed funds immediately after they receive your settlement proceeds. The repayment of the loan will happen after your attorney:

• Pays medical liens;
• Pays other liens such as tax liens;
• Sets apart attorney fees.

If you don’t receive a compensation payment from the defendant, you will not be tied to paying back the advance.

The legal term for getting money from a lawsuit you win is compensation.