Lawsuit Loans

Content Provide by LawLeaf, a lawsuit funding company.

A lawsuit loan is a non recourse cash advance against a pending lawsuit or a case that has recently reached a settlement. Lawsuit loans are provided to plaintiffs that want to borrow against future proceeds from a personal injury or commercial dispute. Unlike a standard bank loan, if the plaintiff loses their case, they don’t have to pay back the lender.

How can you qualify for a lawsuit loan?

There are several factors in qualifying for a lawsuit loan:

  • A person must be represented by a lawyer.
  • A person must be the plaintiff in the lawsuit. Companies will not provide advances do the defense.
  • The representing attorney must submit paperwork to the lender on your behalf. This paperwork is known as case documentation.
  • After reviewing the documentation, the lender must believe liability exists and the plaintiff will win the lawsuit.

Why do people apply for lawsuit loans?

There are many reasons why some plaintiffs secure lawsuit loans:

  • The plaintiff in the case has lost their job or wages resulting from an accident.
  • The insurance company is unwilling to offer a fair settlement on the case.
  • The plaintiff is not interested in settling for less money and a lawsuit loan is the only way to hold out for a better offer.
  • The case has recently been appealed by the defense and the plaintiff has run out of all other financial options.
  • A person may need money for investment purposes or for a down payment on a home.
  • A person may need to pay down medical expenses or need money for additional treatments.
  • A person may need money to help pay for living expenses while waiting for a settlement.

How quickly does it take to get a lawsuit loan?

When a person applies for a lawsuit loan they must be aware that the process can take anywhere from 24 hours to several days. In order to get the process moving along the lender will need to immediately request the appropriate documentation from your attorney. Once the documentation is received, a lender should be able to underwrite the loan within a few hours. If the case is complex it could take several days, as some lenders may need to outsource the underwriting process to someone more specialized in the lawsuit.

For additional information on lawsuit loans, visit LawLeaf today.

6 Responses

  1. Thanks for the post. I took the advice and got a loan with law leaf.

  2. I have reluctantly had many of my clients request litigation funding loans. Every time, without question, I advise them as to the high interest rates charged by these companies. My advice is to only get this kind of loan if you cannot pay for your basic necessities. Only in these circumstances is this a good decision. Every client, at the time of settlement, is shocked that they have to pay back twice what they borrowed!

  3. Ryan, I agree with you that this type of lending should only be used as a last resort. I’m not sure who you are using to get your clients funded, but I can tell you that I’ve had the opposite experience. If you select the right company you can get a decent rate for your client. Typically you are looking at around 36%-45% a year. If your clients are paying twice what they borrowed chances are their suits are lasting over 2+ years or your preferred lender is charging very high rates for their money.

  4. I was told by my lawyer that the insurance company had to pay back the interest on my loan and later found out through the grapevine that the loan company was being managed by my lawyers wife. needless to say I want to sue to recover the interest as the rate was 50 % and its taken 12 years to settle my suit and from a $8000 loan I now owe over $100000.

  5. I was crippled and financially ruined by a DePuy metal-on-metal hip implant. I am part of a federal lawsuit that should settle within the next 18 to 36 months. Looking for a loan urgently. My full story and posting can be seen at

  6. Legal Finance contact Top Notch Funding Lawsuit Loans today for fast commercial lawsuit loan and low cost Pre Settlement Funding

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