Frequently Asked Questions
FAQs
What is a Pre-Settlement Advance?
Pre-settlement funding is when a company gives you money right away in exchange for the right to receive a portion of your financial settlement in the future. You get money immediately to pay bills and pay nothing back until you get money from the settlement of your claims. If you never get money from your claims, you never have to pay anything back. The official term for this is “non-recourse”.
How much can I borrow?
Our professional underwriters will review the facts of your case and determine an amount that we believe will allow you to live comfortably but not consume your entire payoff when your case is resolved. Our advance amounts range from $500-$500,000.
How much will this cost me?
We pride ourselves on having the lowest rates in our industry. You should expect to pay somewhere between 2.49%-2.99% per month. For example, if we advance $10,000 on your case and it settles in 6 months you could expect to pay around $1,494. These rates are similar to what some credit card companies charge their customers. Full pricing details will be provided in your agreement.
Do I have to make monthly payments?
No. Your advance will be repaid out of the proceeds of your lawsuit.
What happens if my case doesn’t settle?
You owe us nothing.
Will you check my credit?
No. We base our decisions on the facts of your case, not your credit history.
How long does it take to get my advance?
Once approved, funds are usually deposited directly into your bank account within 24 hours.
What if I don’t have a bank account?
If you don’t have a bank account we can mail you a check or send funds via Cash App or Western Union.
Can I get multiple advances?
Yes. Many of our customers choose to receive monthly advances as opposed to one lump sum. We can structure our advances however you like.