Lawsuit lending as an industry has come under scrutiny in recent years, and we want to promote those companies that abide by the highest industry ethical standards and practices. That’s why we’re reviewing Momentum Funding and evaluating the legal funding they provide.
If you are a plaintiff looking for legitimate pre-settlement funding to ease your financial pressure during your lawsuit, check out our review. Once you get all the facts, you can make a more informed decision about whether Momentum Funding is a good fit for your situation.
Cases Funded by Momentum Funding
We like lenders who are up front and open about the types of cases they fund. This allows you to choose a company that is likely to accept your request, saving you time and stress. Momentum offers legal funding for most plaintiffs in lawsuits like:
- Nursing home neglect
- Car accidents
- Workers’ compensation claims
- Employment law issues
- Mass torts
- General negligence claims
Momentum Funding Offers Non-Recourse Lawsuit Loans
When looking into any lawsuit loan company’s legitimacy, you want to make sure that it provides its funding as non-recourse loans. Unlike recourse loans, the non-recourse funding provided by Momentum does not make you personally liable. The company can’t and won’t pursue repayment out of your bank account.
Instead, you pay the money back as a portion of your settlement package or jury award received at the end of your lawsuit. If you lose your case, you don’t pay anything back at all!
What Others Say About Momentum Funding
Momentum Funding is a relatively young lawsuit loan company, having been founded in 2015. However, it has quickly made a name for itself. While there are no advertised industry organization memberships on the company’s website, it does have several accolades:
- Voted Best Litigation Funding Company by the Daily Business Review since 2018
- A+ accreditation from the Better Business Bureau, and no complaints
- 4.2/5-star rating on Google
These distinctions contribute to Momentum’s legitimacy. And former clients admire the company for the ease of its online application process, its professionalism, and its overall customer service.
Possible Downsides to Momentum Funding
Aside from a lack of industry group membership to ensure ethical guidelines and commitment to best practices, there is one other issue that we worry about when it comes to Momentum Funding. The company does not cap the amount it offers, as long as your lawsuit necessitates it.
This could lead to clients owing back large portions (or even all) of their compensation package at the conclusion of the case. However, the fact that the company only provides non-recourse funding is a good sign, as you will not end up owing more than your compensation.
You Can Apply for Lawsuit Loans Today for Free
At Tribeca Lawsuit Loans, we like to promote other legitimate companies that also engage with clients throughout the litigation financing industry in ethical ways. That’s why Momentum Funding gets a thumbs up from us.
While you’re here, consider clicking the Apply Now button above. Our underwriters will assess your application and see how much we might be able to provide you with in order to meet your economic needs and level the playing field in your lawsuit.