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What is a Litigation Loan?

Litigation Loans, also known as Settlement Advances, are a type of loan on a legal case that is awaiting money from a settlement or verdict. Litigation funding provides money while a case is pending, usually in exchange for repayment from a later recovery

ARE LITIGATION LOANS BAD?

Not necessarily. It’s important to understand the cost of these kinds of loans, and if they weight the benefits they provide in the short-term.

Sometimes, our clients find it hard to pay bills after an injury. This kind of funding can help smooth things over today, but in the end, may significantly reduce the client’s eventual take-home recovery. Our firm always encourages a thorough review of the written contract before signing anything. In some cases, companies try to take a huge cut of the final check in return for what was a very small loan years prior.

These are just some general guidelines to follow when considering Settlement Advances. Click the video for more information.

SHOULD I CONSIDER A LITIGATION LOAN?

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