When you’re in the middle of a lawsuit, funds can be tight. Choosing a lawsuit loan company for funding is crucial because you want to ensure the lender is legit. As a standout lender on our 2021 list of Top Lawsuit Funding Companies in the U.S., Liberty Settlement Funding might be a solid choice.
The company has provided over $1 billion in pre-settlement funds and structured settlement buyouts. Still, it’s best to get the facts before heading into a financial arrangement. Learn more about our thoughts on Liberty Settlement Funding in this review.
Liberty Settlement Funding’s Online Reviews
One of the best places to start when evaluating a lender is the company’s reviews from previous customers. Despite our positive outlook on Liberty, they don’t have a large amount of reviews online. For example, the company has only 28 Google reviews and a handful of Yelp reviews.
However, it should be noted that the vast majority of reviews are positive, with Google ranking the company four out of five stars. ConsumersAdvocate follows suit, ranking Liberty Settlement Funding as “Excellent,” with 3.9 out of five stars.
Evaluating Liberty’s Trust Symbols
“Trust symbols” are items that show the company in question is in good standing in its industry. For example, we like that Liberty Settlement Funding has these trust symbols on their website:
- A+ accreditation with the Better Business Bureau
- Membership in the National Association of Settlement Purchasers
This adds legitimacy to Liberty and confidence in consumers that the lender abides by industry best practices and ethical guidelines.
Types of Cases Funded By Liberty
It’s important to make sure you’re eligible for funding before you start the process of applying for a lawsuit loan. Liberty Settlement Funding focuses on clients who have the following types of cases:
- Mass torts and multidistrict litigation (MDL)
- Auto accidents
- Workplace injuries
- Medical malpractice
- General negligence claims
The company usually approves clients who have ongoing lawsuits in which they are the plaintiff. In other words, you should be eligible as long as you stand to be awarded compensation at the end of your case.
Liberty Settlement Funding Offers Non-Recourse Cash Advances
When reviewing a potential legal funding company and its legitimacy, one of the top questions you should ask is whether that lender offers exclusively non-recourse lawsuit loans. This means that you are not personally liable for the repayment amount.
In fact, if you lose your lawsuit, you don’t have to repay the loan at all! Instead, you repay the legal funding you get from Liberty out of your compensation package. You don’t have to worry about:
- Credit score requirements
- Monthly payments
- Collateral such as property or homes being seized
- Paying out of pocket (i.e. the company does not touch your bank account)
Final Thought on Liberty Settlement Funding
Our opinion of Liberty is high, which is evident in the fact that the company is featured in our list of top lawsuit lenders. We believe they are legitimate, however, there are some issues we’d like to see fixed. For example, there’s no mention of how much a client might be able to receive in funding.
At Tribeca Lawsuit Loans, we provide clients with up to $1 million in as little as 24 hours after approval. Our application process is also completely free, so you can apply via the Apply Now button above with absolutely no risk. Get started today and see how lawsuit loans can help you thrive while your case settles or resolves in court.