Waiting for a lawsuit to be resolved can be extremely expensive. If you are currently engaged in some form of litigation, like a personal injury lawsuit, you may be able to borrow money against a future award or settlement amount. This is commonly known as getting a lawsuit loan, a lawsuit cash advance, litigation funding, lawsuit funding, or settlement funding (all of these terms refer to the same type of loan!).

How It Works

Suppose you are injured in an accident and file a personal injury lawsuit against the other driver’s insurance company. After you file, you can find a lawsuit funding company and apply for a loan. The company will evaluate your case and how much you may receive in a settlement or award amount, and then offers you a loan sum that they can pay to you right now. In exchange for the lawsuit loan, you agree to pay back the principal and a funding fee (usually between 2% and 4% monthly) after your case is settled, whenever that may be. The amount you pay back will come out of the amount you win. If you don’t win, you don’t have to repay the loan!

Why It’s Helpful

Lawsuits can take months or even years to resolve (if a case goes to trial, it is almost guaranteed to take longer, although the majority of lawsuits are settled out of court). According to studies conducted by Nolo, the average length of time it took to reach a resolution was 11.4 months.

That’s a long time to wait for monetary compensation, and in the meantime, you may be facing high costs associated with your accident and your injuries: medical bills, home assistance, transportation, living expenses, and more. You may be out of work due to your injuries and unable to make your rent or mortgage payment, or you may still be getting paid but are unable to pay for all of the medical bills that treating your injuries requires, because injuries are expensive, which is exactly why you are pursuing a lawsuit!

The goal of a lawsuit is to compensate you for the costs you incurred as a result of someone else’s negligence. Those costs, such as ambulatory care, surgeries, imaging tests like CT scans and X-rays and MRIs, medications, hospital stays, don’t just wait for your insurance company to give you the full amount you deserve before causing issues with your credit.

Getting a lawsuit loan can not only tide you over and provide financial security for you until your case is settled, but it can also give you and your lawyers more time to negotiate a good settlement. When there are injuries involved in an accident, insurance companies might initially try to make a low offer that is much less than the full value of the injuries sustained because they know that struggling plaintiffs need the money quickly. If settlement funding can relieve the financial stress from the accident in the short-term, you and your attorney can take more time to work with the insurance companies and agree on a fair amount. If a fair amount can’t be negotiated, the settlement funding you receive gives you the financial ability to go to trial.

You don’t take on much, if any, of a personal financial risk when you apply for a lawsuit loan; you pay the lender back out of the settlement you receive, and if your case doesn’t settle, or if you don’t win at trial, then you don’t have to pay the principal or the funding fees back to the lender.

Our Process

National Lawsuit Funding has been the plaintiff’s premier choice for easy and quick lawsuit advances since 2001. Our goal is to make getting the funding you need as painless as possible! All we need is for you to apply, either online or over the phone, and provide simple details about your case, including your attorney’s information. We will contact your attorney to get more specifics about your case. It only takes a few minutes of your time and your lawyer’s time! Then, we approve you. National Lawsuit Funding works on an “ASAP” basis - if you and your attorney respond to our calls/emails/texts right away, you could have approval in as little as 20 minutes! Next, both you and your attorney are required to  e-sign on our agreement. As soon as we get the signatures, we are able to fund you via direct deposit or a check in less than 24 hours!

We currently fund plaintiffs in Connecticut, Florida, Georgia, Indiana, Louisiana, Missouri, New Mexico, Ohio, Oklahoma, and South Carolina, among other states. Depending on the specifics of your case, you may be able to get up to 10% of what your settlement might be. We don’t check your credit; we award loans on the basis of your case alone.

Apply Today!

Borrowing money against your lawsuit can give you the cash you need, right now, and National Lawsuit Funding’s application is super simple. You just need to give us your name, contact information, your attorney’s contact information, the date of the accident, a description of your injuries, and a few other details, and that’s it! Our lawsuit loan process is fast and can really help you get the financial assistance you need until you get the settlement you deserve. There are no upfront fees or out-of-pocket costs you have to pay.

Start your application now or contact us today!