FAQ: Lawsuit Advance, Lawsuit Cash Advances, Lawsuit Cash Advance, Pending Lawsuit Loans

How do I know if I am eligible for a cash advance?

If you are the plaintiff in a lawsuit (see Types of Lawsuits Considered) and you are currently represented by an attorney, you may be eligible for a cash advance against the pending settlement of the lawsuit. Upon completing the information form, we will contact you to discuss your case and will determine whether you are eligible -- usually after discussing it with your attorney. There are no credit checks and you do not need a job.

Why is this service valuable to me?

Insurance companies have almost unlimited funds, you don’t. This gives them a huge advantage in your lawsuit battle. By making you wait and letting your financial burden grow, it helps them get you to settle for less than you deserve. When you accept a lawsuit cash advance from us, you allow your attorney to seek the highest possible settlement from the case.

Do I pay anything now?

No. Lawsuit funding is not a loan, it is us factoring into your potential settlement. When your case settles, your attorney pays it off like any other lien in your case.

What happens if I ultimately lose my lawsuit?

Nothing since presettlement funding is not a loan, if you lose, you owe Law Advance nothing. Though it is often referred to as lawsuit loans, this actually an lawsuit advance, against your potential settlement, not you. That’s why there is no credit check. We only look at your case, not you.

How long does it take to get my cash advance?

You will generally have your funds in 24-48 hours from receipt of the required information from you. Once we have the information we need from you or your attorney, our underwriter will review the case and we can wire the money right into your account that day.

Is this cash advance a loan? Are you extending me credit? Does it go on my credit report?

No, no and no. Since we share the risk of recovery from your lawsuit, this transaction is a cash advance, not a loan. Because it is not a loan, we are not extending you credit and this transaction does not appear on your credit report.

Lawsuit Funding

Your Attorney's Information