Faqs

FAQ

Frequently Asked Questions About Legal Funding

We understand that pre-settlement funding may be new to you. Here are answers to the most common questions our clients ask. If you don't find the information you're looking for.

General Funding Questions
Application Process
Repayment Information
Case Types & Eligibility
Working With Your Attorney
After Approval

General Funding Questions

Pre-settlement funding is a cash advance against your pending lawsuit settlement. It allows you to access a portion of your expected settlement money now, rather than waiting months or years for your case to resolve. Unlike traditional loans, pre-settlement funding is non-recourse, meaning you only repay if you win your case.

While often called "lawsuit loans," our funding is technically not a traditional loan. It's a non-recourse cash advance on your future settlement. This means you're only required to repay the advance if you win your case. If you don't win, you owe nothing.

Pre-settlement funding differs significantly from bank loans in several key ways. To begin with, it requires no credit check and your employment status is not considered during the approval process. Unlike a loan with a rigid payment schedule, pre-settlement funding has no monthly payments. Crucially, it is non-recourse, meaning that if you lose your case, you pay absolutely nothing. The funding is secured using your future settlement as collateral, and it doesn't affect your credit score at all.

Funding amounts typically range from $500 to $2,000,000, depending on the specifics of your case. Generally, we can advance anywhere from 10-20% of your expected settlement amount. The exact amount will depend on the strength of your case, expected settlement value, and estimated time to resolution.

After approval, we can typically deposit funds into your account within 24-48 hours. In some cases, same-day funding is possible.

We charge a simple, non-compounding interest rate. This means interest is only charged on the principal amount, not on accumulated interest. The exact rate depends on the specifics of your case, including risk factors and estimated time to settlement. Unlike some funding companies, we don't charge application fees or hidden costs.

In most cases, pre-settlement funding is not taxable because it's considered an advance on a legal settlement, not income. However, we recommend consulting with a tax professional regarding your specific situation.

Application Process

You can apply online through our website, or call us to apply by phone. The application process takes just a few minutes to complete.

You'll need to provide basic personal information, details about your case, and your attorney's contact information. We don't require financial information like credit history, pay stubs, or bank statements.

No. We don't perform credit checks because funding approval is based solely on the merits of your case, not your financial history.

No. Your employment status doesn't affect your eligibility for funding.

After you apply, we contact your attorney to discuss the details of your case. Our underwriters evaluate factors like liability, damages, insurance coverage, and expected settlement value to determine funding eligibility and amount.

We encourage you to apply with us even if you've been denied elsewhere. Different funding companies have different criteria, and we pride ourselves on having one of the highest approval rates in the industry.

Repayment Information

Repayment happens automatically at the conclusion of your case. When you receive your settlement, your attorney will pay us directly from the settlement funds before disbursing the remainder to you.

If you lose your case and don't receive a settlement, you owe us nothing. That's the non-recourse nature of our funding – we only get paid if you win.

No. There are no monthly payments with pre-settlement funding. Repayment occurs only after your case settles or you receive a favorable judgment.

Yes. You can repay the advance at any time. In many cases, early repayment can reduce the total amount owed.

No. There's no minimum time. You can repay as soon as your case resolves or earlier if you choose.

In some cases, we may be able to adjust the repayment amount based on the actual settlement. Contact us to discuss your specific situation if this occurs.

Case Types & Eligibility

We fund a wide variety of cases, including personal injury claims, car accidents, and slip and fall incidents. We also provide funding for complex matters like medical malpractice and product liability cases. Furthermore, our services cover employment disputes, workers' compensation, wrongful death cases, and civil rights violations, along with many more types of legal claims.

To qualify for pre-settlement funding, you must be at least 18 years old and have an active lawsuit or legal claim. It's also required that you are represented by a contingency-fee attorney and that the defendant has the ability to pay the claim, which is typically confirmed through their insurance coverage.

Yes. We require that you're represented by an attorney who works on a contingency-fee basis (meaning they only get paid if you win). This helps ensure your case has merit and provides a mechanism for repayment.

We provide funding in most states across the U.S. Please contact us to confirm we operate in your state, as regulations vary by location.

If you don't see your case type listed, please contact us. We're continually expanding the types of cases we fund and may still be able to help you.

Working With Your Attorney

You can choose to receive funds via direct deposit, wire transfer, or check. Most clients prefer direct deposit for its speed and convenience.

Yes. If your case continues longer than expected or your financial needs increase, you can apply for additional funding. Approval for additional funds will depend on the progress and current status of your case.

Your funding agreement clearly states the terms of repayment, including the advance amount and fee structure. You can contact us at any time for an updated payoff amount.

No. We work cooperatively with attorneys and never interfere with their handling of your case. The decision-making authority remains entirely with you and your attorney.

If you change attorneys, please notify us as soon as possible. We'll need to establish contact with your new attorney and have them acknowledge the funding agreement.

After Approval

Yes. We work directly with your attorney throughout the funding process, and they'll need to acknowledge and approve the funding agreement.

Yes. We'll contact your attorney to verify case details and discuss the merits of your claim. They'll also be involved in signing the funding agreement and handling repayment from your settlement.

We respect the attorney-client relationship. If your attorney advises against funding, we recommend discussing their concerns with them. Sometimes attorneys are concerned about high-interest rates or hidden fees from funding companies. We're happy to speak with your attorney about our transparent terms.

We may check in occasionally to see how your case is progressing, but we primarily communicate with your attorney regarding case updates.

Your funding obligation remains in place. We'll work with your new attorney to ensure they understand the funding agreement and their responsibilities regarding repayment.

Contacts

Frequently Asked Questions About Legal Funding

General Funding Questions

Application Process

Repayment Information

Case Types & Eligibility

Working With Your Attorney

After Approval

Fill out the short form for a free consultation and quote. Get cash as soon as 24 hours of approval.

(844) SAM-CASH / 726-2274

applynow@getSAMfast.com

2108 N ST STE N SACRAMENTO, CA 95816