- Tulsa
- Jacksonville
- Eugene
- Baltimore
- Detroit
- San Antonio
- Philadelphia
- Phoenix
- Branson
- San Jose
- San Francisco
- Austin
- Dallas
- Houston
- New York
- Las Vegas
- Portland
- Chicago
What Are Lawsuit Loans?
A lawsuit loan is not a traditional loan. Instead, it’s an advance on your anticipated settlement. Companies specializing in legal funding evaluate the strength of your case rather than your credit or income. Whether in Detroit, San Antonio, or Philadelphia, approved plaintiffs receive an upfront cash payment that they can use for medical bills, rent, or other living expenses. Once your case is resolved and you’ve secured a settlement, you repay the loan plus any agreed-upon fees and interest. The good news is that you usually don’t have to repay the loan if you lose your case.
These, or litigation funding or settlement loans, are designed to provide financial relief as legal cases progress.
Why Are Lawsuit Loans Beneficial?
Plaintiffs often turn to lawsuit loans for several reasons, whether they’re located in Phoenix, Branson, or San Jose:
Covers Immediate Expenses: Many rely on this funding for urgent needs like medical bills, rent, utilities, and groceries.
No Monthly Payments: Unlike traditional loans, lawsuit loans don’t require periodic payments. You repay the amount only if you win your settlement.
Risk-Free Structure: Lawsuit loans are typically “non-recourse,” which means if you lose your case, you owe the lender nothing.
No Credit Checks: Approval is based solely on the strength of your case, not your credit score or income status.
Avoid Settling for Less: Plaintiffs with access to financial resources can avoid settling their lawsuits quickly and for lower amounts out of desperation.
From Austin to Dalla to Houston, these benefits make lawsuit loans attractive to individuals dealing with personal injury cases, wrongful termination claims, and other legal battles that require time and patience.