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A lawsuit loan, also known as legal funding or litigation financing, is a cash advance provided to plaintiffs involved in ongoing legal disputes. Unlike traditional loans, lawsuit loans are non-recourse, meaning that repayment is only required if the plaintiff wins or settles their case. If the case is lost, the plaintiff typically owes nothing. This financial tool helps plaintiffs cover living expenses, medical bills, and legal fees while they await the outcome of their lawsuit.
You have to provide complete details of your case. This includes the type of case, the expected timeline, and potential settlement amounts. If the case is lost, the plaintiff does not have to repay the funds, as most lawsuit loan agreements are non-recourse.
Medical expenses, lost wages, pain and suffering, and other damages.
Attorney fees, court fees, and expenses for evidence, like expert testimony.
Hiring a lawyer is often necessary to handle complexities, negotiate settlements, and protect your rights.
Reviewed to verify your claim and establish liability.
Lawsuit loans provide essential financial support, helping plaintiffs cover their living expenses, medical bills, and legal fees during the lengthy litigation process.
Because lawsuit loans are non-recourse, plaintiffs only repay the loan if they win or settle their case. If the case is lost, they owe nothing, reducing financial risk.
With financial pressures alleviated, plaintiffs can avoid settling their cases prematurely for less than they deserve. This allows for a fairer and potentially higher settlement.
Lawsuit loans are based on the merits of the case rather than the plaintiff’s credit history. This makes it accessible for individuals with poor credit.
Knowing that financial support is available can provide significant peace of mind, allowing plaintiffs to focus on their recovery and legal battle.
Pre-Settlement Legal Funding in New Jersey, New York and Texas