Are you in the process of selecting a legit company to provide you with legal funding? If so, you may be faced with many choices. LawCash is one lending company that has been around for a long time, almost 20 years, but you might be unsure if it’s the right lender for your needs.
Use this review of LawCash to understand the ins and outs of their pre-settlement funding before settling on the lender you want. You’ll be able to see why the company featured as an honorable mention on our list of Top Legal Funding Companies in the U.S. in 2021.
Legal Funding Provided by LawCash
There are a few different types of legitimate lawsuit loans provided by LawCash. Each type is specifically designed to help with a unique issue. The three forms of legal funding on offer include:
- Surgery Funding
- Pre-Settlement Funding
- Settled Case Funding
Also known as medical funding, surgery funding is used solely to cover your medical bills from an injury related to your ongoing lawsuit. For example, you might use the funding to help pay for necessary reconstructive surgery after a car accident. On the other hand, pre-settlement funding is generalized and can be used for any expense.
Settled case funding (also called structured settlement funding) gives you a lump-sum instead of having to wait for monthly structured payments from the at-fault party in your lawsuit. Additionally, LawCash also provides financial support to law firms in some situations.
How LawCash Lawsuit Loans Work
Much like our own funding, lawsuit loans from LawCash are considered non-recourse. This means the company cannot pursue repayment for its funding out of your personal bank account. Instead, the most they can take is the agreed upon portion of your compensation package at the conclusion of your lawsuit.
There is no set maximum loan amount that LawCash provides, so you might qualify for large funding sums. However, a word of caution: with no set maximum, some plaintiffs might worry about having most or all of their compensation go toward repayment. Luckily, if you lose your lawsuit, you don’t have to pay back anything.
What Customers Say About LawCash
Despite its two decades of business, there aren’t many client reviews available online. That’s a bit worrisome to us, and is one reason that the company only received an honorable mention in our Top Funders list.
- Middling score (but only one review) on Trustpilot
- Similar middling score (but A+ rating) with the Better Business Bureau
This is one area in which LawCash could use some help, as it puts their legitimacy into question. One possible reason for this confusion is that the company recently went through a rebranding process, changing its brand from LawCash.net to simply LawCash. We suspect that customer reviews may have been lost in the shuffle.
Types of Cases Funded By LawCash
There is a wide variety of cases that are funded by LawCash. As long as you are the plaintiff in a lawsuit and stand to receive a compensation package when your case resolves, you likely qualify for a lawsuit loan. Common case types that LawCash has financed in the past include:
- Car accident claims
- Employment law disputes
- Workplace and construction accidents
- Medical malpractice incidents
- Class action lawsuits
Get Trusted Lawsuit Loans Fast
We like LawCash’s history of case funding, but its lack of customer reviews, maximum loan amounts, and advertising of industry association membership is a bit worrisome. If you’re looking for legit lawsuit loans to help you cover your expenses, apply with Tribeca today for free.
We can approve up to $1 million in legal funding, with money in your bank account in as little as 24 hours after your application is confirmed. You don’t pay us back unless you win your deserved compensation! Click the Apply Now button at the top of the page to get started.