Home›Buyout & Refinance
If you funded once, then again, and now nobody can tell you what you actually owe, you are not in unusual company. A buyout replaces existing advances with a single agreement you can read in one sitting.
A pre-settlement funding buyout is when a second funding company pays off the advance you already took and replaces it with a new agreement of its own. Your original funder is paid directly and its lien on your case is released. You do not receive that money and you are not asked to settle the old contract yourself — you simply end up owing one company instead of two, on terms you agreed to with your eyes open.
It is sometimes called refinancing an advance, and it is the same idea: the debt does not disappear, it moves. Whether moving it helps depends entirely on how the new terms compare with the old ones over the realistic remaining life of your case.
Two things drive a lawsuit advance balance far past what anyone expected. The first is compounding: when the cost is charged on a balance that already includes previous charges, the number accelerates instead of growing in a straight line.
The second is simply how long cases take. An advance that looked reasonable against a case expected to settle in a year looks very different three years later, and cases routinely take three years.
Stack two or three advances from different companies on the same claim and the total can approach or exceed what is left of the recovery. That is the situation a buyout exists to fix.
Your existing funding contract or contracts, and a current payoff figure from each company if you can get one. If you cannot get one, tell us and we will request it with your authorization.
All of them. We need to see the actual terms, not a summary, because the structure of the existing deal is most of what determines whether a buyout helps you.
From each existing funder, with your written authorization, and we confirm them against your attorney's records.
Sometimes it is not. If the existing terms are better than what your case supports today, we will tell you to stay put. That is a real answer we give.
The existing liens are satisfied and released. You are not handed money and told to go settle them yourself.
You get a single contract stating exactly what is owed at settlement, and one number to call. If additional cash on top is available and you need it, we can often include it.
A buyout is not free money and it is not automatic. It only helps when the new terms genuinely beat the old ones over the realistic remaining life of your case, and it only works when the expected recovery can still support the total. If your case cannot carry it, no reputable funder should do it — and we will not.
Most pages about buyouts are written to persuade you to do one. These are the situations where the answer is no, and we would rather you hear them here.
If a settlement is close, the remaining time is too short for better terms to make up any new origination cost. Sit tight.
Some contracts cap the total, or stop charges accruing after a set period. A cap you already have can be worth more than a lower headline elsewhere.
Then say that. Additional funding on the same case may be simpler than a buyout, and comparing them honestly is the point of the conversation.
If your funding contract is governed by California law, the California Consumer Legal Funding Act gives you protections that matter specifically when you are deciding whether to replace one agreement with another. Three of them:
That last point cuts against doing a buyout as often as it cuts for one. Check where your existing contract sits against it before you move.
We fund claims; we do not practise law. Which law governs your contract, and what it entitles you to, is a question for the attorney on your case — and under California law an attorney acknowledgment is part of a valid funding contract anyway.
If you are staring at a disbursement sheet where three funding liens plus medical liens exceed the settlement, a buyout earlier in the case would have helped. It may still.
Send us the contracts and we will tell you plainly whether a consolidation improves your client's net or not. If it does not, we will say so and you have lost nothing but an email.
If you do not know the answers, that is normal and it is not a problem. Bring the paperwork and we will read it with you.
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.