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Every day people search for a lawsuit loan, a settlement loan, or a pre-settlement loan. What almost all of them actually need is a non-recourse advance, which is a different thing in ways that matter enormously if your case does not win.
A loan is a personal debt. You promise to pay it back regardless of what happens, on a schedule, and if you stop paying, the lender can pursue you: your credit, your wages, in some cases your property.
A pre-settlement advance is a non-recourse purchase of a portion of the proceeds of your legal claim. There is no promise to repay from your own pocket. The only source of repayment is a recovery in the case. No recovery, no repayment — and you keep the money.
That is why there is no credit check, no income verification, no co-signer, no monthly bill, and nothing reported to the credit bureaus. There is no debt to report.
All of these describe the same product, and none of them are accurate:
Because it is what people type. You will see "loan" on this site and across the industry as familiar shorthand. It never changes the structure: we are not a lender and we do not make loans.
This is the whole difference, and it only shows up in the scenario nobody wants to think about.
Because a bank gets repaid whether or not you win, and we do not. When a funded case recovers nothing, that money is gone: there is no collateral to seize, no borrower to pursue, and no judgment to collect. The cost of funding across every case has to absorb the ones that lose.
That is the honest trade. You are buying the ability to wait for a fair number instead of taking a fast one. Usually that is worth it. Sometimes it is not, and a payment plan with a provider, help from family, or a utility hardship program will serve you better and cost far less. Ask us and we will say so.
Someone with a pending personal injury claim, represented by an attorney on contingency, where fault is reasonably clear and there is insurance or another source of money behind the claim, who cannot cover their living expenses while the case runs. If that is you, it works. If it is not, no responsible funder should be advancing you money.
No. A pre-settlement advance is a non-recourse purchase of a portion of the money you may receive from your legal claim. Because it is a purchase and not a loan, there is no credit check, no co-signer, no monthly payment, and nothing is reported to the credit bureaus.
The only source of repayment is your settlement or verdict. If your case does not resolve in your favor, you keep the money and you owe us nothing. That risk sits with us, not with you.
You owe us nothing. That is what non-recourse means and it is the whole point of the product. We do not send you a bill, we do not send you to collections, we do not garnish your wages, and we do not touch your house or your car. Our advance is repaid out of your recovery, and if there is no recovery there is nothing to repay.
No. We do not run a credit check, we do not ask for pay stubs, and we do not care about your employment history, your bank balance, or a past bankruptcy. Those things tell us nothing about whether your claim will recover.
We underwrite the case, not you: who was at fault, how badly you were hurt, what treatment you have had, and how much insurance coverage is available.
Yes. You must be represented by an attorney handling your claim on a contingency fee. There are two reasons. First, we rely on your attorney for the case documents that let us underwrite. Second, funding is only a good idea when a professional is fighting for the full value of your claim, and a lawyer working on contingency has the same incentive we do.
If you are not represented yet, we cannot fund you, and we do not recommend or refer specific attorneys or firms — California law expressly prohibits a funding company from doing that, and it is a rule worth having. What we can do is point you at your state or county bar association's lawyer referral service, which is independent of us.
Not much. We ask your law firm for the case file and a signed acknowledgment, and then we handle the rest. Most of the back-and-forth happens between us and a paralegal, and most firms are done with their part in a single email exchange. We never charge your attorney or your firm anything.
We also never direct, influence, or take part in how your case is handled or settled. Those decisions belong to you and your lawyer.
Most applications get a decision within about 24 hours of the moment we receive the case documents from your attorney's office, and approved applicants are usually funded the same day they sign. The single biggest variable is how quickly your law firm sends the file, so it helps to give your paralegal a heads-up that we will be calling.
Timing depends on approval and on documents arriving; it is typical, not guaranteed.
Whatever you need. Rent or mortgage, groceries, the car payment, utilities, childcare, co-pays and prescriptions, or catching up on bills that piled up while you could not work. There is no requirement to spend it a particular way and no receipts to submit.
The one thing it is not for is funding the litigation itself — case costs are your attorney's side of the table.
As little as you can get by on. We will say this on the phone too, even though it is not in our short-term interest: the cost of funding grows with the amount and the time your case takes, and every dollar you take now is a dollar that comes out of your settlement later.
Take what covers the gap, not the maximum you qualify for. If you need more later, you can apply again.
Apply in about two minutes. We contact your attorney, review the case, and if you're approved you can have funds the same day. No credit check, no monthly payments, and if you lose, you owe us nothing.