LOANS NEWS AND GUIDES

We previously discussed the fact that the term lawsuit loan is a misnomer. It is not a loan at all! The correct term would be settlement funding, funding that is provided in advance of settling your claim. Many view this type of funding as a form of venture-capital. The fact that the applicant incurs no risk, viz., is non-recourse, as a result of a settlement loan, is an important aspect of this form of funding. The process begins when the lender and applicant strike an agreement. According to the terms of your agreement, if you lose your case, you do not have to repay the loan. Many consider this form of funding, correctly so, as a no-risk type of financial assistance to which you have access while you are awaiting settlement. Lawsuit loans may be provided for numerous types of cases.

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Lawsuit Loans: Does Your Case Have What it Takes to Qualify? Part I