What Is legal Funding?
Legal funding or non recourse funding is money that you borrow against your lawsuit. We will give you the cash you need during the process of your case. Upon settlement, we will be repaid from your case settlement.
Can I use the money for anything I want?
The money is yours and we have no control over the way you spend it. Generally, with the money we provide, our clients are able to make their mortgage/rental payments, pay their medical bills and general living expenses.
Why would I need a pre-settlement loan?
Many personal injury cases can take up to several years to settle. While many people are out of work at this time, the financial burden can be overwhelming. All too often people will look for a quicker settlement, as opposed to holding out and getting a better settlement for their case. If you feel that you are being forced into an early settlement because of financial concerns, you may want to contact us for a loan.
Is this a loan?
What we provide to you is non- recourse funding. Which means that you don't owe us anything until your case settles. If you lose your case then you don't need to repay us.
How Do I know if I am eligible for a loan?
We make the process really simple. We get the information we need from your attorney and then we are able to evaluate the value of your case. Generally, your attorney will provide us with the defendants insurance, details of the accident, and any medical records that are available. The main determining factors are the insurance coverage, damages, and liability. Once we get the information from your attorney we will usually be able to approve your loan in less then 24 hours.
What is the maximum amount that you will fund per case?
Each case is reviewed on an individual bases, and the funding amount is determined based on the strength of your case. We work closely with your attorney to allow you to get the maximum amount for your case. Typically we will fund up to 10% of the projected case value.