FAQs about Lawsuit Funding for Plaintiffs
Frequently Asked Questions
If you have been injured as a result of the negligence of another person or business, and are represented by an attorney, you may be eligible for an advance on your pending lawsuit. There are no credit checks or lengthy applications and you do not have to be currently employed.
Many plaintiffs are forced to accept a low offer due to the financial hardship that many victims experience soon after their personal injury. An advance on your settlement will allow your attorney the time needed to get the full value for your case.
No. Lawsuit Funding Company advances money against personal injury cases in exchange for a specific portion of the future settlement. Unlike a loan, if you lose your case you do not owe anything!
No. Re-payment of the advance is due at the time the case is settled, at which time your attorney will pay-off the advance with the proceeds of your settlement along with any other liens.
If you are eligible we can have your approval decision within 24 hours after reviewing your case documents and speaking with your attorney. We can direct deposit or FedEx your funds within 24 hours of receiving your signed Funding Agreement via fax from your attorney.
No. There is no recourse against you and we will not try to collect the money from you. Once we advance cash it is yours to keep. This is called non-recourse funding.
We are generally able to advance up to 10% of the estimated minimal value of the case. The minimum advance is $500 and the maximum amount available on any single case is $1,000,000.
No. We do not interfere with your attorney’s handling of the case. Our only involvement is to initially review your attorney’s file, so we can evaluate the claim. We have no influence on you, your attorney, or the defendant.
No. Because we take the risk of recovery together with the claimant and attorney, courts have continuously held that our cash investment in your case is not a loan.
Yes. Making advances on your case is perfectly legal. The claim or lawsuit is yours and you own it, just like you own a piece of property. After paying your attorney and medical liens, the potential remaining money is yours. You may sell or assign it.
Absolutely. In fact, we encourage you to do so.
In certain states, Yes. We can only advance on Workman’s Comp cases in the following states: AK, AR, CT, DE, FL, GA, ID, IN, IA, KS, LA, MS, NM, OK, SC, VT, WA, WV, and WY.
No. We can not provide funding to minor children or to the parents or guardians on behalf of a minor child. However, an application for funding may be submitted if the child turns 18 yrs. old prior to settlement of the claim.
Yes. Lawsuit Funding Company advises that if you have any other alternative means to meet your immediate economic needs you should do so. Lawsuit Funding Company is taking a high risk in providing funding based on the future value of your pending personal injury case. Our fees usually range between 1.3 to 2.9 percent per month with a 15% origination fee and a $250 underwriting fee, all of which are payable at the time your case settles.
Apply for Funding
To apply for lawsuit funding, please complete the form below and we will process your request immediately.
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