Can you borrow against a lawsuit?

Yes, you can borrow money against a lawsuit with Legal Bay. If you’re looking for a lawsuit loan company that can get you the funds you need quickly, then you’re in the right place

Technically Not A Lawsuit Loan

Although many of our clients refer to our funding programs as lawsuit loans, legal funding loans, settlement loans, or pre-settlement loans; these are not loans or pre settlement loans of any kind. That is why Credit is not a factor. Not employed? No problem either. We don’t need to verify your employment to approve you, we only need to verify that you have a lawyer and a valid claim. That’s it to get you approved!

How Much Do Lawsuit Loans Cost?

Up front, our lawsuit loans cost you nothing. You never pay out of pocket fees. We provide you with a free case evaluation, which costs you nothing as well. You only repay your lawsuit settlement funding if you win your case – and your lawyer is the one responsible for paying this directly to us upon your settlement.

There will be a set fee at origination disclosed to you, and all charges after this will come out of your settlement. There is no financial risk in applying for, and our pre-settlement funding.

Does Credit Affect A Lawsuit Loan?

No it doesn’t. Credit checks are not a part of our approval process.

Do lawyers give advances on settlements? Can your lawyer give you a loan?

Lawyers do not give you your advance on a settlement, you get an advance on your settlement from a lawsuit funding company like Legal Bay.

Do I need an attorney to be eligible for a lawsuit loan?

Yes, an attorney is needed to obtain a lawsuit loan.

Prior Funding With Another Lawsuit Funding Company – And Been Denied For Same Day Pre Settlement Loans By Other Lawsuit Loan Companies?

Many lawsuit funding companies don’t take on clients that have received a prior funding with another lawsuit funding company. Legal-Bay is the leader in buying out prior funding’s that you may have received; and providing you with the additional cash advance you need. Legal-Bay can provide you with a potentially lower rate as well, which could potentially give you fresh cash in your pocket – while still having the same payback you currently have. Legal-Bay is one of the best legal funding companies in the industry, because they will provide you with a free case evaluation to determine if refinancing makes sense for you. Additionally, Legal-Bay takes almost every lawsuit type of case that has a valid chance of recovery, provided that you are represented by a lawyer. We can structure pre-settlement advances differently than most funding companies, while still ensuring that it is not a lawsuit loan regardless of the type of case you have.

What should I look for in a pre-settlement funding company?

The most important thing to look for is honesty and transparency of your payback in your contract. Many companies can provide you with verbal quotes on rates or fees, but the real proof is in the actual contract and ultimately what your payback is compared to what you actually received. The Devil can be in the details, so don’t just trust the quotes, compare the actual figures. Also, Funding firms that charge compounding rate contracts over 3% per month are extremely dangerous, especially if it takes a long time for a case to settle. Flat rate contracts are the better option in almost all cases. Consumers should look for funding companies that are willing to provide you fixed-flat rate contracts.