Fill out our Application to see if you qualify for a lawsuit advance
Frequently Asked Questions
The Funding Process
Pro's and Con's of Funding
Examples of Terms - get an idea
of what you can expect - these are examples that certain funders use, but your case may warrant something
different - let us look it over and see what is best for you. This type of funding
should be used as a last resort (although a bank loan may realistically be the last resort - settlement advances
are much faster and easier than taking out a conventional bank-type loan). If your settlement is very large,
and you want to use it for fun purposes, like a vacation trip, and it
seems like only a dent to you of the total, then we won't try to talk you
out of it - it's yours to do with as you wish. We just don't want people in
need to get gouged or lose part of a settlement they are counting on.
- You must have an attorney (not represent yourself), and preferably your case complaint should already be filed. If
the lawsuit has not yet been filed, we may be able to help, but it
may take more time (not on a 1-5 day schedule). You MUST work with your attorney to secure the advance - if your attorney
won't sign the paperwork, you cannot get an advance - check with your attorney prior to applying for an
- NOT all cases qualify for an advance. Even if you think you are in good shape with the restrictions - there is
no guarantee that your case will be approved by the underwriters. Your case must be strong enough to win and
be run through formulas to determine if it is actually worth what your attorney quotes you. There may be hidden aspects of
your case that would cause it to be denied.
- You should have first exhausted or ruled out other options, such as personal bank loans,
loans from relatives or friends, sales of property you have no need for, etc. Bad credit situations may make it tough to get a
conventional bank loan, so we're here to allow you funding on your lawuit.
Advance lawsuit funding can be expensive (if your lawsuit is far out in the future from being settled), but is available if needed. We try to keep the fees as low as possible.
If you have credit problems, advance funding is not contingent on your
credit rating (although there may be verification required to prove that you have no
bankruptcies or other liens against your settlement).
- This funding request should be in "first position" - meaning, you should not have advances
or liens against it unless it has been fully paid back and released (attorney's fees are not counted in,
and medicals liens must be disclosed). Like a first lien. Very few cases will
be considered on a 2nd lien position (or it usually requires the 1st lien to be bought out). The
settlement amount needs to be substantial enough for any buy-out. You
must disclose all liens and prior advances.
- If you have gone through a bankruptcy, you must show the obligation is
being dealt with outside of this advance, so the repayment to the funder will
not be jeopardized.
- It must be "secured" with a known entity (government, municipality, insurance, state
lottery, large company, etc.) with equity and strength to make the payments - NOT payment secured by an individual.
- Payment must be made by an insurance company, a government agency, a municipality, a state organization, a
large company, or a legal fund.
- The lawsuit settlement payment MUST be made to your attorney's office first - not to you directly. He then pays you after taking out his
fees and other liens (one of which would be to our funder). If the payment goes to you, there is no way to secure it for the
funder - the funder has no way to trust an individual. An attorney is bound by court and law to abide by the liens.
- Settlement payment must be transferable on applicable cases.
- We CANNOT "buy out" an entire lawsuit settlement. We can only fund toward
a portion of it.
- We cannot fund on every type of case, or in every state (the allowances and restrictions
change at times).
- PRE-SETTLEMENT SITUATIONS - The standard amount to be advanced is up to 10% of the amount of your NET
settlement. Your minimum amount of PRE-SETTLEMENT funding request should be $1000,
although we may be able to advance less in certain cases. Your
amount of settlement needs to be at least $10,000 NET (to you) for $1000 funded. Ask only for what you need,
not what you "want." There is usually a minimum term to pay back - determined case by
case. The amount paid back is not $10,000 on $1000 - but we know there are attorney fees, medical bills and
other costs that may come from that, and we do not want to stress out your entire
amount due to you. In most cases, you can only be funded up to 10% of the
amount that is to be awarded (net to you).
- SETTLED CASES - your minimum amount of advance SETTLEMENT (settled case, waiting for
payment) request must be $1000 or more, with the preferred amount of funding advance
being $10,000 (in this case, with the NET
amount of settlement being at least $12,500, after lawyer gets paid, etc.). For you to be paid $10,000 up
front, it will cost you $2000-2500. We can work with other terms, and
lesser settlements and advances, but this gives you some idea of what to go on.
This generally gives you 3 months to pay back - the cost may go up some other amount
(to be determined) if you need more time. We can fund high amounts if your
settlement is much higher an award. Settled cases can usually fund in 24-48 hours after you get the paperwork to us.
- Life insurance can only be sold if you are terminally ill, or if you are
a senior (at least 58 or older), or a senior with health complications.
Minimum Policy Amount Death Benefit $100,000.
- We do NOT promise we can fund on any or every case - that is determined by the funder's
guidelines and the underwriting department. We try the best we can to fund you,
but not all situations are "doable" - and many are too risky to fund. If your
net amount is too small, we may have to pass. We can only work under the
requirements of the funders we use. If we tell you we cannot do it - it is
because we do not want to waste your time or our funders' time when it is
certain we cannot help. We wish we can help everyone but it is not possible.
- Your perception of case value may be higher than actual value - and some
attorneys inflate the value in their opinion. The cases are funded on the premise
of similar cases that have been won, and their values. This may be completely
different in estimation than what you or your attorney feel it is worth. This will
determine the amount that can be advanced, if any. We work with
attorneys who look over the cases and assess their fair worth.
- Advance lawsuit funding does not harm your case - we do not get involved in it.
- Must be allowed by law (WORKMAN'S COMP often difficult - often not doable, especially in
certain states). We'll look into it case by case. We CAN occasionally advance on workman's comp in states in which the
settlement is paid directly to your attorney, and then from attorney to you, if allowed by law.
We CANNOT advance on workman's comp in Arkansas, California, DC, Hawaii, Idaho, Illinois, Kansas,
Kentucky, Maryland, Michigan, Mississippi, Nebraska, Nevada, New York, New Jersey, North Carolina,
Ohio, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Wisconsin, and likely other states. If the payment comes directly to you, we cannot work
- Infant's compromise orders can only be done for attorneys fees, not for the
client unless the minor is no longer a minor.
- We cannot fund on minors.
- From time to time cases in certain states may not be able to be funded.
- It cannot be a payment required from an individual (or even a small company), who in many cases, won't pay. If
your judgment is against an individual, we cannot advance on it.
- Some states have certain laws we cannot get around -
we'll check into it if you submit your situation.
We'll look at it on a case by case basis.
- NO Social Security advances.
- Slip & fall cases may be tough. We need to evaluate on a case by case basis for all.
- Soft tissue damage does not make a good case - you should have a higher level of
damage to be considered. We can look into your case - sometimes there is enough damage to warrant a strong case.
- We make no promises or guarantees on your case being able to be funded - we
will look into it for the possibility at no cost to you, but until we've submitted to
underwriting we will not guarantee acceptance, or amount, or the time it
will take. We try to make it work for you in the shortest timeframe possible and at the
lowest cost to you, but cannot guarantee anything until underwriting drafts up a proposal to you. We have
been able to fund certain cases within 24 hours, but most take longer. We
evaluate each case separately and various factors go into the equations.
CASES WE FUND ON include structured settlements or annuities,
certain class action lawsuits, attorney loans, life insurance settlements,
pre-settlement litigation, city, county and state settlements,
foreign & domestic insurance company settlements, wrongful death,
privately held mortgages and notes, certain workman's comp, auto accidents,
product liability, medical malpractice, sexual harrassment, construction accidents,
commercial litigation, and more.
Successful Cases Funded. We have funded on situations where someone needed to make a balloon payment,
where someone had to make a house payment to avert foreclosure, where
someone needed a much desired anniversary vacation, where someone had immediate
needs toward a relative who was very ill, where someone was in danger of
eviction, many auto accident cases. There are so many more situations, and
we try to help everyone the best we can.
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