Are There Any Legal Restrictions on Litigation Funding?
Yes, there can be. While litigation or pre-settlement funding is widely available and commonly used, some states have regulations that may affect how it can be used, disclosed, or structured. These laws are evolving and can vary depending on where your case is filed. That’s why it’s important to understand the legal landscape and work closely with your attorney before entering […]
Are There Caps on How Much Pre-Settlement Funding I Can Get?
There are generally no formal caps on how much pre-settlement funding you can receive. However, the amount is typically limited by your case’s estimated value, the funding company’s internal policies, and any applicable state regulations. Most funders advance between 10% and 20% of your expected settlement or jury award. Pre-settlement funding, also known as litigation funding, is a non-recourse cash advance. That […]
How to Choose a Reputable Litigation Funding Company
Pre-settlement funding can help pay your living expenses while you wait for your case to resolve. However, it’s crucial to choose a litigation funding company with proven experience and a solid performance history. Start by confirming that your type of case is eligible, not only with the lender but also under your state’s laws. Most pre-settlement funding is available for personal injury lawsuits, but some lenders also support […]
How Does the Interest Rate Work on Lawsuit Loans?
Each funding company sets its own interest rates and fee structures. These rates are typically based on factors such as the strength of your case, the estimated value of your settlement, and how long it’s expected to take. Rates are typically calculated using simple (non-compounding) interest, though some funding companies may apply compounding methods, which can increase the […]