Your lawsuit is moving forward, but you need money now, not months or years from now when your case finally settles. Bills keep piling up while your attorney fights for fair compensation. You worry about losing your home, falling behind on medical bills, or being forced to accept a lowball settlement just to survive. Settlement loans from 123 Lawsuit Loans provide the financial relief you desperately need today. We give you cash now based on your expected settlement, with zero risk and no monthly payments.
Over 95% of civil cases settle before trial, but the legal process takes time. Personal injury lawsuits average 12-24 months from filing to settlement. Complex cases involving severe injuries, multiple defendants, or disputed liability can take 3-5 years or longer. During this waiting period, injured victims face mounting financial pressure that threatens their ability to wait for fair compensation.
Why Insurance Companies Want You to Struggle Financially
Insurance companies and corporate defendants understand the financial stress lawsuit plaintiffs face. They deliberately drag out the legal process, hoping you’ll accept inadequate settlements when bills pile up and survival becomes difficult. They count on financial desperation to save them millions of dollars by forcing early settlements at reduced amounts.
Our settlement loans eliminate this pressure. We provide cash within 24 hours of approval, allowing you to pay bills, cover medical expenses, and maintain your household while waiting for fair compensation. You only pay us back if you win or settle your case. If you lose for any reason, you owe us absolutely nothing. This non-recourse funding gives you the financial strength to reject lowball offers and fight for every dollar you deserve.
How Settlement Loans Work – Not Traditional Loans
Settlement loans are completely different from traditional bank loans or credit cards. Understanding this difference is crucial because it affects how you qualify, what happens if you lose, and how repayment works.
The Truth About Settlement Loans
Settlement loans are actually cash advances on your expected settlement, not traditional loans requiring monthly payments and credit checks. Traditional loans create debt you must repay regardless of your lawsuit outcome. Our settlement loans only get repaid if you win or settle your case.
Here’s how our settlement loan process works. You apply with basic information about your case and your attorney’s contact details. We evaluate your lawsuit’s strength and settlement potential by working directly with your lawyer. Once approved, we send you a clear funding agreement explaining all terms. After you sign, we deposit money directly into your bank account within 24 hours.
You use this money however you need – medical bills, rent, car payments, groceries, anything. There are no restrictions on how you spend settlement loan funds. When your case settles, your attorney pays us back from your settlement proceeds. The repayment amount depends on how long your case takes and our agreed-upon rate. But if you lose your case, you pay us nothing. Not a single penny.
Why Settlement Loans Aren’t Traditional Loans
Traditional loans require credit checks, income verification, and monthly payments starting immediately. Settlement loans require none of these things. Your credit score doesn’t matter. Your employment status doesn’t matter. Your income doesn’t matter. The only thing that matters is your lawsuit’s strength and expected settlement value.
Traditional loans create personal liability. If you can’t make payments, lenders sue you, garnish your wages, and damage your credit. Settlement loans create no personal liability. If your case doesn’t work out, you simply walk away with no debt and no consequences.
Traditional loans have strict uses. Mortgage loans must buy houses. Car loans must buy vehicles. Personal loans may have restrictions on gambling or business use. Settlement loans have no use restrictions. You can spend the money on literally anything you need or want.
Non-Recourse Funding Explained
Non-recourse means you have no personal obligation to repay settlement loans. The only source of repayment is your lawsuit settlement. If that doesn’t exist because you lost your case, neither does any repayment obligation.
This fundamentally changes the risk calculation. Traditional lenders evaluate your ability to repay from income and assets. Settlement loan companies evaluate your lawsuit’s strength and settlement potential. They’re betting on your case, not on you personally.
This also means settlement loan companies share your interest in maximizing settlements. Higher settlements mean better recoveries for them. They want you to reject lowball offers just like you do. This alignment of interests creates a partnership rather than a debtor-creditor relationship.
Get Cash in 24 Hours – No Credit Checks Required
Speed matters when you’re facing eviction, utility shutoffs, or medical debt collectors. Our streamlined approval process gets you cash fast without the bureaucratic delays that plague traditional lending.
Our 24-Hour Approval Process
Most settlement loan applications get approved within 24-48 hours when your attorney cooperates promptly. We don’t waste time with unnecessary paperwork or arbitrary waiting periods. Our experienced underwriters make quick decisions based on case strength, not bureaucratic procedures.
Emergency situations may qualify for same-day approval and funding. If you’re facing immediate financial crisis like eviction or utility shutoff, we can often expedite the entire process. Many clients receive money in their accounts within hours of applying during urgent situations.
We work directly with your attorney to evaluate your case. Your lawyer provides case information, medical records, and settlement projections that help us assess funding amounts. This attorney cooperation speeds the process significantly compared to companies that make you gather all documentation yourself.
Why No Credit Checks Matter
Bad credit doesn’t disqualify you from settlement loans. Past bankruptcies don’t matter. Current debt problems don’t matter. Your credit score could be 400 or 800 – we don’t check and don’t care.
This makes settlement loans accessible to people who traditional lenders reject. Injured victims often have terrible credit from medical bills, lost income, and financial stress from their accidents. Traditional lenders won’t help these people. We specialize in helping them.
No credit checks also mean no impact on your credit score. Applying for settlement loans doesn’t show up on credit reports. Getting approved doesn’t affect your credit. Repaying from your settlement doesn’t affect your credit. The entire process exists outside the traditional credit system.
No Monthly Payments Required
Settlement loans require no monthly payments while your case is pending. No payment is due until your case settles. This eliminates the crushing monthly payment burden that makes traditional loans so difficult for lawsuit plaintiffs.
You don’t need to prove income to afford monthly payments. You don’t need to budget for payment deadlines. You don’t need to worry about late fees or default consequences. The entire repayment obligation is deferred until settlement, allowing you to focus on recovery and case development.
This payment structure makes settlement loans perfect for injured victims unable to work. Traditional loans require proof of income to make monthly payments. Settlement loans only require a strong case. Whether you’re working, disabled, or unemployed doesn’t affect eligibility or repayment obligations.
Who Qualifies for Settlement Loans – Basic Requirements
Settlement loans have simple qualification requirements focused on your lawsuit rather than your personal finances. Meeting these basic criteria makes you eligible for fast cash to cover expenses while waiting for settlement.
You Must Have an Active Lawsuit
Settlement loans require an active lawsuit filed in court or a strong claim being developed by your attorney. You can’t get settlement loans before hiring a lawyer or filing a claim. The lawsuit itself creates the collateral for funding.
Your case must involve significant damages justifying substantial settlement expectations. Minor fender-bender cases with minimal medical treatment rarely qualify. Serious injury cases, major accidents, and clear liability situations produce the best funding opportunities.
The lawsuit must be against defendants with adequate insurance or assets to pay settlements. Suing an uninsured defendant with no money won’t qualify for settlement loans. We need reasonable assurance that winning defendants can actually pay the damages owed.
Attorney Representation Is Required
You must have an attorney representing you in the lawsuit. Settlement loan companies won’t fund cases where plaintiffs represent themselves. This protects both you and the funding company by ensuring professional legal representation.
Your attorney must cooperate with the funding process by providing case information, documents, and settlement projections. Lawyers who refuse to work with settlement loan companies effectively prevent their clients from getting funding. Most experienced personal injury attorneys cooperate readily because they understand how funding helps clients.
The attorney reviews all funding agreements to ensure you understand the terms. This adds another layer of protection beyond what funding companies provide. Your lawyer’s approval isn’t technically required, but their cooperation is essential for the process to work.
Your Case Must Have Settlement Potential
Settlement loan underwriters evaluate whether your case has strong settlement potential based on liability evidence, damages documentation, and defendant resources. Weak cases with disputed liability or minimal damages may not qualify.
Strong cases with clear negligence, serious injuries, and well-insured defendants qualify easily. Car accidents, truck crashes, slip and falls, medical malpractice, and workplace injuries typically have good settlement potential if injuries are significant.
Damages must justify funding amounts requested. Requesting $50,000 in settlement loans requires projected settlements of $150,000+. The funding amount should represent a reasonable percentage of expected recovery to ensure adequate settlement funds remain after repayment.
Types of Cases We Fund – Settlement Loans for All Personal Injury Claims
Settlement loans are available for virtually all personal injury lawsuit types. Different case categories have different settlement timelines and funding potentials based on complexity and typical damages.
Motor Vehicle Accident Settlement Loans
Car accidents, truck crashes, and motorcycle collisions represent the largest category of settlement loans due to the frequency of these cases and clear liability in many situations.
Car Accident Cases typically settle within 12-24 months and qualify easily for settlement loans when injuries are significant and liability is reasonably clear. Multi-car accidents, drunk driving cases, and distracted driving crashes produce strong funding opportunities.
Truck Accident Cases often involve catastrophic injuries and large insurance policies creating substantial settlement potential. Commercial trucking companies typically carry $1-10 million in liability coverage, supporting higher settlement loan amounts.
Motorcycle Accident Cases frequently result in severe road rash, fractures, and brain injuries creating substantial medical damages. Settlement loans help injured riders cover expenses during extended recovery periods.
Pedestrian Accident Cases involve vulnerable victims hit by vehicles, often resulting in severe injuries and clear liability. These cases typically qualify for settlement loans when damages are properly documented.
Uber/Lyft Accident Cases may involve multiple insurance policies from rideshare companies, creating complex liability situations that benefit from settlement loans during extended negotiations.
Premises Liability Settlement Loans
Property owner negligence creates slip and fall accidents, inadequate security incidents, and other premises liability cases that qualify for settlement loans when injuries are significant.
Slip and Fall Cases qualify for settlement loans when serious injuries like fractures, head trauma, or spinal damage occur. Minor slip and falls without significant medical treatment rarely qualify.
Inadequate Security Cases involving assaults, robberies, or attacks on commercial property can result in substantial settlements supporting settlement loans when property owner negligence is established.
Swimming Pool Accidents including drownings and near-drownings often produce catastrophic injuries or wrongful death claims qualifying for significant settlement loans.
Dog Bite Cases frequently involve facial scarring and permanent disfigurement creating substantial non-economic damages that support settlement loan funding.
Elevator/Escalator Accidents can cause severe crush injuries, amputations, or other catastrophic harm qualifying for settlement loans against property owners and maintenance companies.
Medical Malpractice Settlement Loans
Healthcare provider negligence creates complex litigation with extended timelines making settlement loans particularly valuable for medical malpractice victims.
Surgical Error Cases involving wrong-site surgery, anesthesia mistakes, or post-operative complications often result in severe permanent injuries supporting substantial settlement loans.
Birth Injury Cases including cerebral palsy, Erb’s palsy, and other delivery complications create lifetime care needs justifying large settlements and settlement loan funding.
Misdiagnosis Cases where delayed cancer detection, heart attack misdiagnosis, or stroke delays cause preventable harm often qualify for settlement loans during extended litigation.
Emergency Room Malpractice involving treatment delays, medication errors, or diagnostic failures can result in severe consequences supporting settlement loan funding.
Nursing Home Abuse Cases involving neglect, medication errors, or physical abuse of elderly residents often produce substantial settlements supporting settlement loans for surviving family members.
Workplace Accident Settlement Loans
Construction accidents, industrial injuries, and third-party workplace cases qualify for settlement loans when employer negligence or third-party liability is established.
Construction Accident Cases involving falls, equipment failures, or electrocutions often produce catastrophic injuries qualifying for substantial settlement loans against general contractors, property owners, or equipment manufacturers.
Industrial Accident Cases in manufacturing, warehousing, or processing facilities can result in severe crush injuries, amputations, or chemical exposures supporting settlement loans.
Third-Party Liability Cases where equipment manufacturers, property owners, or subcontractors cause workplace injuries create settlement loan opportunities beyond workers’ compensation benefits.
Product Liability Settlement Loans
Defective products including medical devices, drugs, vehicles, and consumer goods create product liability lawsuits qualifying for settlement loans against manufacturers and distributors.
Defective Medical Device Cases involving hip replacements, hernia mesh, IVC filters, and other implants often produce substantial settlements supporting settlement loans during extended litigation.
Dangerous Drug Cases including prescription medications, over-the-counter products, and generic drugs can cause serious side effects justifying settlement loans while awaiting resolution.
Automotive Defect Cases involving airbag failures, brake defects, or rollover risks create product liability claims against major manufacturers with substantial insurance coverage.
Consumer Product Cases including defective electronics, appliances, or household items that cause fires, explosions, or injuries may qualify for settlement loans when damages are significant.
Wrongful Death Settlement Loans
Fatal accidents create wrongful death claims for surviving family members who need settlement loans to cover funeral expenses, lost income, and household bills while waiting for compensation.
Fatal Car Accident Cases involving drunk drivers, distracted drivers, or other negligence create wrongful death claims that typically settle within 18-36 months.
Fatal Truck Accident Cases often involve catastrophic collisions resulting in instant death or fatal injuries from commercial vehicle negligence.
Fatal Workplace Accident Cases where third-party negligence causes death create wrongful death claims beyond workers’ compensation death benefits.
Fatal Medical Malpractice Cases involving surgical errors, medication mistakes, or treatment delays that cause preventable deaths qualify for settlement loans supporting grieving families.
Settlement Loan Amounts and Funding Limits
Settlement loan amounts vary based on case strength, settlement potential, plaintiff needs, and company policies. Understanding typical funding ranges helps set realistic expectations for how much cash you can receive.
Typical Settlement Loan Ranges
Most settlement loan companies fund between $500 and $500,000 depending on case value and individual circumstances. Smaller cases with limited damages may qualify for $1,000-10,000 in settlement loans. Moderate injury cases often receive $10,000-50,000 in funding. Catastrophic injury cases with multi-million dollar settlement potential may qualify for $100,000-500,000 or more.
The funding amount should represent a reasonable percentage of expected settlement value, typically 10-20% of projected recovery. This ensures adequate settlement funds remain after repayment to compensate you properly for injuries and damages.
Some companies offer multiple advances as cases develop stronger evidence and higher settlement potential through discovery and expert witness development. Initial funding may be conservative with additional advances available when case value increases.
Factors Affecting Settlement Loan Amounts
Case Strength including liability evidence, witness testimony, and legal merit directly impacts funding amounts. Clear negligence with strong evidence supports higher settlement loans than disputed liability cases.
Damages Documentation including medical records, billing statements, and expert opinions about future care needs affects settlement loan amounts. Well-documented damages support higher funding.
Defendant Resources including insurance coverage and asset availability influences settlement loan amounts. Well-insured defendants with substantial assets support higher funding than judgment-proof defendants.
Attorney Experience and track record affects settlement loan amounts. Experienced trial lawyers with proven success records often secure higher funding for their clients than inexperienced attorneys.
Settlement Timeline affects funding amounts, with cases expected to resolve quickly often receiving higher percentages of settlement value than cases facing extended litigation.
Funding Limits and Maximums
Individual settlement loan companies set different maximum funding amounts based on their capital resources and risk tolerance. Smaller companies may cap funding at $50,000-100,000 while larger companies fund up to $500,000 or more for catastrophic injury cases.
Some states regulate settlement loan amounts or limit rates and fees that indirectly affect funding maximums. Companies operating in heavily regulated states may have lower funding limits than companies in unregulated jurisdictions.
Multiple settlement loans from different companies are possible but require careful coordination. Each company must understand existing liens and funding agreements to ensure adequate settlement funds for repayment.
Settlement Loan Costs and Repayment Terms
Settlement loan costs vary significantly between companies based on funding structures, interest calculations, and fee policies. Understanding cost structures helps you compare offers and minimize expenses.
How Settlement Loan Interest Works
Settlement loans charge fees based on time, typically structured as monthly rates applied to the funding amount. Some companies use simple interest calculations while others compound monthly, creating dramatically different costs over time.
Simple Interest applies the monthly rate only to the original funding amount. For example, $10,000 at 3% monthly simple interest costs $300 per month regardless of how long the case takes. After 12 months, you’d owe $13,600 ($10,000 principal + $3,600 interest).
Compound Interest applies the monthly rate to the growing balance including accumulated interest. The same $10,000 at 3% monthly compound interest grows to $14,258 after 12 months because interest compounds on previous interest charges.
The difference between simple and compound interest becomes dramatic over extended periods. After 24 months, simple interest on $10,000 at 3% monthly totals $7,200 while compound interest totals $10,432 – a difference of $3,232.
Typical Settlement Loan Rates
Settlement loan rates typically range from 2% to 5% monthly, depending on company policies, case strength, and competitive factors. Some companies charge flat fees instead of monthly rates, such as 30-40% of the funding amount regardless of timeline.
Lower rates around 2-3% monthly are competitive and result in reasonable costs for most cases. Higher rates above 4% monthly can become expensive quickly, especially with compound interest calculations.
Some companies offer rate reductions for cases expected to settle quickly or for clients referred by attorneys with strong track records. Shopping for the best rates can save thousands of dollars in settlement loan costs.
Fee Structures and Additional Charges
Most reputable settlement loan companies charge only the agreed-upon interest rate with no additional fees. Application fees, processing charges, and administrative costs should raise red flags about predatory lending practices.
Some companies charge one-time origination fees of $100-500 at funding. While not ideal, single origination fees are less concerning than ongoing monthly administrative charges that inflate costs unnecessarily.
Attorney review fees, where funding companies charge lawyers to review case files, should be avoided. These fees create conflicts of interest and suggest predatory practices inconsistent with ethical lending standards.
Repayment Calculations and Examples
Settlement loan repayment calculations depend on funding amounts, interest rates, time to settlement, and interest calculation methods. Understanding these calculations helps you evaluate total repayment obligations.
Example 1: Simple Interest Settlement Loan
- Funding Amount: $10,000
- Monthly Rate: 3% simple interest
- Time to Settlement: 18 months
- Total Interest: $5,400 ($300 x 18 months)
- Total Repayment: $15,400
Example 2: Compound Interest Settlement Loan
- Funding Amount: $10,000
- Monthly Rate: 3% compound interest
- Time to Settlement: 18 months
- Total Interest: $7,090
- Total Repayment: $17,090
Example 3: Flat Fee Settlement Loan
- Funding Amount: $10,000
- Flat Fee: 35% of advance
- Time to Settlement: Any length
- Total Fee: $3,500
- Total Repayment: $13,500
These examples demonstrate why comparing settlement loan offers carefully matters. The same $10,000 advance could cost $3,500 to $7,090 depending on company policies and case timeline.
The Settlement Loan Application Process
Getting settlement loans involves a straightforward application process designed to evaluate your case quickly and provide funding decisions within 24-48 hours.
Step 1: Submit Your Application
Complete our simple online application providing basic information about yourself, your accident, your injuries, your attorney, and your funding needs. This initial application takes 5-10 minutes.
Provide accurate contact information including phone number, email address, and mailing address. We’ll use these to communicate about your application and send funding agreements if approved.
Include your attorney’s contact information including firm name, lawyer name, phone number, and email address. We’ll coordinate directly with your legal team to evaluate your case.
Estimate the funding amount you need based on immediate bills, ongoing expenses, and financial pressures you’re facing. This helps us understand your situation and propose appropriate funding amounts.
Step 2: Case Evaluation and Attorney Contact
Our underwriting team reviews your application and contacts your attorney to discuss case details, liability evidence, damages documentation, and settlement projections.
Your attorney provides case information including accident reports, medical records, expert opinions, and settlement negotiation status. This information helps us evaluate case strength and settlement potential.
We assess liability strength based on evidence, witness testimony, and legal merit. Clear negligence with strong evidence supports higher funding amounts than disputed liability situations.
We evaluate damages based on medical treatment, injury severity, permanence, and economic impacts. Well-documented damages with clear causation support better funding offers.
Step 3: Funding Decision and Offer
After evaluating your case with your attorney, we make a funding decision typically within 24-48 hours of initial application. Approved applicants receive funding offers via email and phone explaining amounts, rates, and terms.
The funding offer includes the advance amount, monthly rate or fee structure, estimated repayment amounts, and contract terms. We explain everything clearly so you understand exactly what you’re agreeing to.
You review the offer with your attorney who can answer questions and ensure the terms are reasonable. Your lawyer’s input protects you from predatory lending practices and ensures fair treatment.
You’re never obligated to accept a funding offer. If terms don’t work for your situation, you can decline without penalty or obligation. Shopping multiple companies for the best offer is encouraged.
Step 4: Contract Signing and Funding
If you accept the funding offer, we send a formal contract via email for electronic signature. This contract includes all terms discussed in the funding offer with clear explanations of repayment obligations.
Read the contract carefully before signing. Ask questions about anything unclear. Your attorney should review the contract to ensure everything is accurate and fair.
Sign the contract electronically using secure digital signature technology. This typically takes just minutes and can be completed from your phone or computer.
Provide bank account information for direct deposit. We need routing and account numbers to transfer funds electronically into your account.
Step 5: Receive Your Money
Once contracts are signed and bank information is verified, we transfer money directly into your account. Most clients receive funds within 24 hours of contract signing.
You can use the money immediately for any purpose – bills, medical expenses, household needs, or personal purchases. There are no restrictions on how you spend settlement loan funds.
Keep in mind that repayment comes from your settlement when the case resolves. Budget accordingly to ensure you have realistic expectations about settlement proceeds after funding repayment.
Your attorney will handle repayment directly from settlement funds when your case settles. You don’t need to make payments or communicate with us during the lawsuit.
Benefits of Settlement Loans from 123 Lawsuit Loans
Our specialized expertise in personal injury funding and commitment to supporting lawsuit plaintiffs makes us the preferred settlement loan provider for injured victims and their attorneys nationwide.
17 Years of Settlement Loan Experience
We’ve provided settlement loans since 2008, helping thousands of injured victims get through tough financial times while their lawsuits are pending. Our extensive experience means we understand case evaluation, settlement patterns, and funding strategies better than newer companies.
Our underwriting team includes professionals experienced in personal injury litigation who understand medical terminology, legal procedures, and settlement negotiations. This expertise allows us to approve cases that less experienced companies might reject.
We maintain relationships with leading personal injury attorneys nationwide who trust us to treat their clients fairly and provide reasonable funding terms. Many lawyers refer clients directly to us because of our reputation for ethical practices.
Our A+ Better Business Bureau rating reflects our commitment to fair dealing and customer satisfaction. We’ve earned this rating through years of honest business practices and ethical settlement loan funding.
Fast Approval and Same-Day Funding
Most settlement loan applications receive approval decisions within 24-48 hours when attorneys cooperate promptly with case information requests. We don’t waste time with bureaucratic delays or arbitrary waiting periods.
Emergency situations involving evictions, utility shutoffs, or medical emergencies may qualify for same-day approval and funding. We understand that financial crises don’t wait for normal business processes.
Our streamlined application process eliminates unnecessary paperwork and complicated procedures. Simple online applications take minutes to complete with funding decisions following quickly.
Direct deposit funding gets money into your account within hours of contract signing. You can access funds immediately to pay urgent bills and cover emergency expenses.
Transparent Terms and Fair Pricing
We provide clear funding agreements with easy-to-understand terms explaining exactly what you’re agreeing to. No hidden fees, surprise charges, or complicated calculations confuse repayment obligations.
Our competitive rates compare favorably with other settlement loan companies. We offer simple interest calculations that cost less than compound interest structures over extended periods.
We explain all costs upfront before you sign anything. You’ll know exactly how much you’ll owe based on different settlement timelines, allowing you to make informed decisions.
Your attorney reviews all funding agreements to ensure fairness and clarity. This double protection ensures you’re getting reasonable terms without predatory practices.
No Risk to You
Settlement loans from 123 Lawsuit Loans are completely non-recourse. You only repay us if you win or settle your case. If you lose for any reason, you owe us absolutely nothing.
This eliminates all personal financial risk from settlement loans. You can’t be sued for repayment. Your wages can’t be garnished. Your credit can’t be damaged. The only repayment source is your lawsuit settlement.
Our interests align with yours in maximizing settlements. Higher settlements mean better recoveries for us, so we want you to reject lowball offers just like you do.
Flexible Funding Amounts
We provide settlement loans ranging from $1,000 to $500,000+ depending on case strength, settlement potential, and your financial needs. Small cases qualify for modest funding while catastrophic injury cases receive substantial advances.
Initial funding can be conservative with additional advances available as cases develop stronger evidence and higher settlement potential. This flexibility allows you to get money when you need it without over-borrowing early in litigation.
We work with your attorney to determine appropriate funding amounts that meet your needs while maintaining reasonable repayment expectations based on realistic settlement projections.
No Credit Checks or Employment Requirements
Your credit score doesn’t affect settlement loan approval. Bad credit, bankruptcies, and financial problems don’t disqualify you from funding. We evaluate your lawsuit, not your personal finances.
You don’t need to prove income or employment to qualify for settlement loans. Whether you’re working, disabled, or unemployed doesn’t matter. The lawsuit strength determines eligibility.
No credit checks mean no impact on your credit score. Applying for settlement loans doesn’t show up on credit reports and doesn’t affect your ability to get other financing.
Common Settlement Loan Questions and Concerns
Lawsuit plaintiffs considering settlement loans often have similar questions about how funding works, what it costs, and whether it’s the right decision for their situation.
Will Settlement Loans Affect My Settlement Amount?
Settlement loans don’t directly affect settlement negotiations or amounts offered by defendants. Insurance companies don’t know whether you have settlement loan funding unless you or your attorney tell them.
However, settlement loans indirectly affect settlements by removing financial pressure that might force you to accept lowball offers. When you can pay bills without settling immediately, you can wait for fair compensation.
Your attorney must disclose settlement loan liens during settlement negotiations to ensure adequate funds for repayment. This disclosure happens late in the process and shouldn’t affect settlement offers.
How Much Will Settlement Loans Cost?
Settlement loan costs depend on funding amounts, interest rates, time to settlement, and whether interest is simple or compound. Typical costs range from 30-60% of the funding amount for cases settling within 12-24 months.
For example, a $10,000 settlement loan at 3% monthly simple interest costs $3,600 after 12 months and $7,200 after 24 months. The same loan at 3% monthly compound interest costs $4,258 after 12 months and $10,432 after 24 months.
Shopping for the lowest rates and best terms can save thousands of dollars. Compare multiple offers carefully, paying attention to whether interest is simple or compound.
Can I Get Multiple Settlement Loans?
Multiple settlement loans from different companies are possible but require careful coordination. Each company must understand existing liens to ensure adequate settlement funds for repayment.
Your attorney must approve additional settlement loans to ensure they don’t jeopardize case settlement or create repayment problems. Lawyers often discourage excessive funding that could consume most of the settlement.
Additional funding from the same company is often easier than getting new loans from different providers. Companies already familiar with your case can provide supplemental advances more quickly.
What Happens If My Settlement Is Less Than Expected?
If your settlement is less than expected, repayment obligations are limited to available settlement funds after attorney fees, costs, and medical liens are paid. Settlement loan companies can’t pursue you personally for deficiency amounts.
For example, if you owe $20,000 in settlement loan repayment but only $15,000 remains after other obligations are paid, the settlement loan company receives $15,000 and writes off the $5,000 deficiency.
This non-recourse protection means you’re never personally liable for settlement loan repayment beyond available settlement funds. Your personal assets and income are protected.
How Long Does Approval Take?
Most settlement loan applications receive approval decisions within 24-48 hours when attorneys cooperate promptly with information requests. Cases with clear liability and well-documented damages approve faster than complex cases.
Emergency situations may qualify for same-day approval and funding when financial crises require immediate assistance. Evictions, utility shutoffs, and medical emergencies often receive expedited processing.
Delays typically result from attorney non-responsiveness rather than funding company procedures. When lawyers promptly provide requested information, approvals happen quickly.
Do I Need My Attorney’s Permission?
You don’t technically need your attorney’s permission to get settlement loans, but you do need their cooperation. Settlement loan companies require attorneys to provide case information, verify settlement estimates, and acknowledge funding liens.
Attorneys who refuse to cooperate with settlement loan companies effectively prevent their clients from getting funding. Most experienced personal injury lawyers cooperate readily because they understand how funding helps clients.
Some attorneys discourage settlement loans due to costs or philosophical objections. Discuss funding openly with your lawyer to understand their perspective and address any concerns they might have.
Start Your Settlement Loan Application Today
Stop struggling financially while waiting for your lawsuit to settle. Get the money you need now with our risk-free settlement loans designed specifically for injured victims fighting for compensation.
Risk-Free Application Process
Applying for settlement loans costs nothing and creates no obligation to accept funding even if approved. No application fees, evaluation charges, or hidden expenses exist at any stage of the process.
Our confidential application process won’t affect your lawsuit, settlement negotiations, or case strategy. Defendants don’t learn about funding applications unless you or your attorney disclose them.
If we don’t approve your application, you owe nothing. If we approve but you decline funding, you owe nothing. Only accepted funding creates repayment obligations, and those only exist if you win your case.
Work Directly With Your Current Attorney
You don’t need to change lawyers or find new representation to qualify for settlement loans. We work directly with your current attorney to evaluate your case and coordinate funding.
Experienced personal injury attorneys understand settlement loan processes and can facilitate rapid approvals by promptly providing requested case information and documentation.
Your lawyer reviews all funding agreements before you sign to ensure terms are fair and reasonable. This attorney oversight provides additional protection beyond our company policies.
Fast Money When You Need It Most
Financial emergencies don’t wait for normal business hours or standard processing times. We provide emergency funding for urgent situations requiring immediate cash.
Most applicants receive approval decisions within 24-48 hours of application when attorney cooperation is prompt. Simple cases with clear documentation often approve same-day.
Approved funding is deposited directly into your bank account within 24 hours of contract signing. You can access money immediately to pay bills, cover expenses, and handle emergencies.
Focus on Your Case Instead of Bills
Settlement loans remove the financial pressure that threatens your ability to wait for fair compensation. When bills are paid and household needs are covered, you can focus on recovery and case development.
You can reject lowball settlement offers knowing your immediate needs are handled. This financial strength often results in higher settlements because defendants know you’re not desperate.
Your attorney can develop the strongest possible case without rushing to settle early. Better case preparation typically produces better settlements that more than offset settlement loan costs.
Apply Now – Get Cash Tomorrow
Complete our simple online application providing basic information about your case, your attorney, and your funding needs. The application takes just minutes.
Most cases receive approval within 24-48 hours when attorneys respond promptly to information requests. Emergency situations may qualify for same-day decisions.
Remember, our settlement loans are completely non-recourse. You only repay us if you win or settle your case. If you lose for any reason, you owe nothing regardless of funding amount received.
Don’t let financial pressure force you to accept inadequate settlements that don’t compensate you fairly for your injuries. Get the money you need now to fight for every dollar you deserve.
Apply today and you could have cash in your account tomorrow.
Important Legal Disclaimers:
This is not a traditional loan. Settlement loans are non-recourse funding, meaning you only pay us back if you win or settle your case. Rates and terms vary based on case specifics and expected settlement amounts. Your attorney must be involved and will receive all funding agreements for review.
This funding does not affect your attorney’s contingency fees, case strategy, or settlement negotiations. 123 Lawsuit Loans has been serving personal injury plaintiffs since 2008 with an A+ Better Business Bureau rating and 98% customer satisfaction. Settlement loans provide financial assistance during litigation but should not replace professional legal and medical advice about your specific situation.
Individual results vary based on case facts, liability evidence, damages documentation, legal representation, and defendant resources. Past settlement amounts do not guarantee similar outcomes in your case. Consult with qualified personal injury attorneys about your legal rights and case prospects.
