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Lawsuit Cash Advances
Pre Settlement Advances for Plaintiffs Involved In Personal Injury Lawsuits
What is a Lawsuit Settlement Cash Advance?
Lawsuit cash advances are frequently referred to by a lot of different names such as legal funding, lawsuit loans, litigation financing or simply a settlement loan*. Those names however, are actually misnomers because a lawsuit settlement advance isn't a loan at all. In fact, there are a number of important distinctions between a loan and a lawsuit settlement advance.
Loans are normally credit based and as such, require the borrower to have good credit in order to even qualify. Depending on the loan type, up-front fees and in some cases, closing costs, are often required.
In addition, loans usually require the borrower to meet specific income and employment requirements and loans always include a legal obligation to repay as well as a pre-determined rate of interest, a predetermined repayment schedule and a specific payoff date. Loans also normally require security (collateral in the form of real estate or other valuables) and have specific remedies in case of default - most notably the forfeiture of the collateral placed as security.

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A non-recourse settlement advance or future settlement funding, on the other hand, is not credit based, so even people with bad credit and no income or employment can qualify as long as they have a strong personal injury case. They do no require any collateral besides the successful outcome of the lawsuit. Additionally, lawsuit settlement cash advances do not require monthly payments, nor do they have a set repayment date. Instead settlement cash advances are fully contingent upon the successful outcome of your personal injury lawsuit.
If we provide cash advances for lawsuits that are ultimately unsuccessful, those cash advances do not have to be repaid by the plaintiff. This is what makes lawsuit funding far superior to bank loans, home equity loans and many other loan types.
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