When you are the plaintiff in a lawsuit, you may be faced with rising debt. When the defense offers mere pennies on the dollar for a case your attorney insists is worth much more — what can you do? This is the common problem pre-settlement funding was designed to solve. It serves as a cash advance on your future settlement so you can pay the bills you have today.
There’s no shortage of pre-settlement funding companies to choose from if you’re searching for legal funding and lawsuit loans. But not all of them are reputable, and some are downright predatory. Nevertheless, there are fine companies that could be better-suited partners depending on your needs and the specifics of your case.
At Tribeca Lawsuit Loans, we strive to provide you with the best legal funding options in the country. We are a legal finance company that offers lawsuit loans for a broad array of cases. We are deeply invested in making democracy and justice more accessible to all. Your finances should not be a barrier to getting the fair hearing and compensation your case deserves.
Keeping that in mind, we have prepared this guide to the best lawsuit loan companies in the nation to help you choose a settlement loan company. We hope to help you find the pre-settlement legal lender who can help you best achieve justice – even if it’s not us.
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10 of the Best Lawsuit Funding Companies
If you need a lawsuit loan, it’s critical that you work with a legal finance company of integrity that protects your interests — not just their bottom line.
Here are the 10 top-rated lawsuit funding companies in the U.S.:
- Tribeca Lawsuit Loans – (866) 388-2288
- US Claims – (877) USClaims
- America Lawsuit Loans – (888) 335-3537
- Direct Legal Funding – (866) 941-5588
- Legal Bay – (877) 571-0405
- Express Legal Funding – (888) 232-9223
- Peachtree Financial Solutions – (866) 581-6225
- Liberty Settlement Funding – (855) 643-0333
- Golden Pear Funding – (212) 244-8200
- Oasis Financial – (877) 333-6680
Frequently Asked Questions About Pre-Settlement Loans
If you’re considering taking out a lawsuit loan, you’ll have some questions. Here are some of the most common questions we find our clients asking:
There are many terms for pre-settlement funding companies and the lawsuit loans they offer. While the words change, the essence of litigation funding remains the same. It acts as a risk-free cash advance on future compensation for your lawsuit case. Legal finance companies use your future settlement as the collateral on the lawsuit loan, giving you access today to the funds you will win when the case settles.
Lawsuit loans should always be structured as non-recourse loans. A non-recourse loan is very different from typical loans like home loans, car loans, and credit. A lawsuit loan uses your future compensation as the loan’s collateral. Because the loan is non-recourse, your future compensation is the sole source of money that can be used to repay the loan. Your income, assets, and property can never be attached to repay a lawsuit loan. The lender has no recourse to access your personal finances. In fact, if you don’t win your case, you don’t have to repay the loan!
This is why litigation funding companies say lawsuit loans are “risk-free.” Your personal finances are at no risk with a non-recourse loan.
Because a lawsuit loan is a non-recourse loan, there is no need to make any payment until your settlement is funded. At that point, the system of repayment is simple:
- Your attorney receives a check for the total compensation.
- Your attorney cuts a check for the agreed-upon portion to repay the loan and sends it to the legal finance company.
- Your attorney deducts their fees and sends you the balance.
Repaying the loan from a pre-settlement funding company is really that simple.
Because lawsuit loans are non-recourse, your credit rating, income, property, and other assets should have no effect on whether you qualify for the loan. The best pre-settlement funding companies will never ask you for sensitive financial information because it has no part in repaying your loan.
If a legal finance company asks to run a credit report or investigates your finances, something is wrong. Either their loans are not structured as non-recourse, or they intend to sell your personal information. Either way — run!
Most litigation funding companies charge interest on their lawsuit loans. However, some legal financing companies advertise that they charge no interest at all. They charge a “fixed fee” instead. This is your cue to grab your wallet and read the fine print. This pay structure will eat right through your future compensation and may leave you with nothing.
The best lawsuit loan companies will charge only a simple, non-compounding interest rate. When speaking to you and your lawyer, a settlement funding company will assess your loan application on a case-by-case basis. They will determine the probability of winning and how much your settlement might be. Depending on these factors, the funding company will set an interest rate and explain it to you clearly.
Most reputable litigation funding companies will not charge one base interest rate. After consulting with your lawyer and before signing any official documents, you should know exactly what the interest is that they are charging you.
The best lawsuit loan companies should explain everything about the pre-settlement loan and interest rate in easy-to-understand language. This is critical, especially with the terms and conditions. There should be no hidden fees. The lender should be willing to help you with any questions you have about the loan and the application process.
If a legal lender is being difficult or pressuring you into signing when you do not fully understand the terms and conditions, find another institution. It can be very damaging to enter into a contract without fully understanding the details.
The best pre-settlement funding companies will always ask to speak to the lawyer representing you. If the company you’re considering doesn’t, it may be a good idea to consider a different firm.
Your attorney has vital information that a litigation funding company needs to fully understand your specific need and facilitate an appropriate loan for you. In addition, your lawyer is crucial in helping the legal lender evaluate how much pre-settlement funding to offer you.
This matters a great deal because the very best lawsuit loan companies want to ensure that you come out of the entire experience with a significant portion of your compensation intact. Unfortunately, too many litigation funding companies are happy to let you run through your entire settlement just to repay a larger loan than necessary. If the company’s sole concern is making as much money as possible, they are not looking out for your best interest, and you need to work with someone else.
Do I Need an Attorney to Get a Lawsuit Loan?
The best pre-settlement funding companies will require that you have legal representation for your lawsuit. This protects both the lender’s interests and your own. Studies repeatedly show that experienced litigation attorneys are far more likely to win a case than individuals who represent themselves. The trained lawyer also consistently wins far higher compensation than those who represent themselves.
The best pre-settlement funding companies have simplified their lawsuit loan applications to just three simple steps:
- You Apply: You provide your contact information and your attorney’s, the type of lawsuit you have, and the state where you are suing.
- Application Evaluation: The legal finance company’s underwriters contact your attorney, crunch the numbers and determine the loan to offer.
- Get Funded: Once all the loan documents have been signed, the litigation funding company will deposit your money into your account.
A critical point to consider when applying for a lawsuit loan. The best pre-settlement funding companies will charge no upfront fees. If there is a fee to apply or to process your loan application, this is not a company you should be doing business with.
How Quickly Can the Pre-Settlement Cash Advance Be Paid Out?
The average cost of a car accident in the U.S. is $78,900. Bills need to get paid, and legal finance companies know that time is of the essence. Therefore when all the legal documents have been signed, cash advances will be transferred usually within 24 hours. Reliable settlement funding companies will make sure the transfer is completed swiftly.
However, when you are in financial distress, it is easy to mistake “fast” legal lending for “good.” Therefore, look beyond the promised speed of a legal finance company to truly judge their quality.
What Qualities Make for the Best Lawsuit Loan Companies?
Legal lending is an honorable profession that helps people achieve the compensation they deserve. However, not all legal finance companies are reputable. There are plenty of sharks out there just looking to make a fast buck. When seeking out the best lawsuit loan companies, look for institutions that do (or don’t do) the following:
- Charge simple, non-compounding interest rates.
- Do not charge a “fixed fee.”
- Do not charge application or processing fees.
- Do not charge e-signature fees.
- Do not charge excessive delivery and handling fees.
- Do not charge brokerage fees.
- Communicate well with your attorney.
- Answer your questions clearly and in full.
- Fund quickly, but never rush you to commit to a loan.
- Have excellent reviews from previous clients.
Need a Lawsuit Loan? Apply to Tribeca today!
Need a Lawsuit Loan? Apply Today!
TOP 10 RATED LAWSUIT FUNDING COMPANIES
We’ve covered the following:
- What a normal lawsuit loan application process looks like.
- What to look for in the best lawsuit loan companies.
- Red flags you should be aware of.
Now, let’s take a closer look at our 10 top-rated lawsuit funding companies in the U.S.
Contact us about lawsuit funding
BEST LAWSUIT LOAN COMPANIES
1. Tribeca Lawsuit Loans – (866) 388-2288
Headquartered in New York and Los Angeles, Tribeca Capital Group is a reputable pre-settlement funding company run by Rory Donadio. They help plaintiffs through financial hardship during expensive trials.
Tribeca deals with nearly every type of lawsuit and is always happy to find a way to help you. Therefore, each case is assessed individually. This legal finance company speaks directly with your lawyer, and the application process is simple and fast. Within 24 hours, they can have a cash advance paid out to you.
Attorney at Law Magazine agrees: Tribeca Lawsuit Loans Rated #1 for Better Lawsuit Loans.
BEST PRE-SETTLEMENT FUNDING COMPANIES
2. US Claims – (877) USClaims
According to USClaims funding reviews, this is one of the best settlement funding companies because, with over 20 years of experience, they were one of the first. Legal lending is still a young industry, and USClaims was there from the beginning. This is a friendly company with excellent client service. They offer pre-settlement loans for a variety of cases, including:
- Car accidents
- Medical malpractice
- Surgery funding
- Dog bite injuries
- Premises liability
- Slip and fall accidents
Their pre-settlement funding can be used to pay your household bills or cover any legal expenses you have. You can receive the lawsuit funding loan within 24 hours, with the exception of the weekend.
BEST LAWSUIT LOAN COMPANIES
3. America Lawsuit Loans – (888) 335-3537
America Lawsuit Loans is a Florida-based legal finance company. They offer cash advances on their client’s future lawsuit settlement packages. Like every company on this list, their lawsuit loans need only to be paid back when you win your case.
Approval of a lawsuit loan happens in 24 hours. They specialize in a large range of different cases, including product liability, personal injury, car accidents, and employment cases. They do not perform credit checks, and the approval depends solely on the individual cases.
BEST LAWSUIT FUNDING COMPANIES
4. Direct Legal Funding – (866) 941-5588
Direct Legal Funding is a New York-based litigation funding company that helps with cash advances when you are facing a lawsuit. Direct Legal Funding will speak to your lawyer to assess if you are eligible.
They deal with cases of personal injuries, car accidents, and workers’ compensation. They operate on a no-win-no-fee basis.
BEST SETTLEMENT FUNDING COMPANIES
5. Legal Bay – (877) 571-0405
Legal Bay is a New Jersey-based pre-settlement funding company. Helping injured parties with legal funding when facing a lawsuit so you can pay your bills or cover expensive legal fees. They will speak to your attorney to determine whether you are eligible for financing.
Legal Bay deals with various different cases, including wrongful imprisonment, sexual harassment, and wrongful death, to name a few. They have a simple online application form, and they approve legal funding in 48 hours.
BEST LAWSUIT LOAN COMPANIES
6. Express Legal Funding – (888) 232-9223
Based in Based out of Lubbock, TX, Express Legal Funding helps with lawsuit funding and is specialized in personal injury claims. They also deal with other lawsuits (i.e., car accidents, employment law, labor law, and product liability).
Express Legal Funding is active in most states, except for Tennessee, Maryland, and Colorado. They work directly with your lawyers to assess your case and can have a cash advance of up to $2 million paid out to you within 24 hours. Their pre-settlement fundings are based solely on the strength of your case, and there are no other costs upfront.
BEST PRE-SETTLEMENT LOAN COMPANIES
7. Peachtree Financial Solutions – (866) 581-6225
Based in Pennsylvania, Peachtree Financial Solutions is a legal finance company that provides loans to people facing lawsuits using their future settlements as the loan’s collateral. The lending amount depends on the value of your potential settlement. They will deal with your lawyer directly, who will then need to fill out the claim form, after which a contract will be sent to them.
Peachtree Financial Solutions deals mainly with product liability, personal injury, medical malpractice, wrongful death, and premises liability claims. They approve loans within 48 hours, and they can have the money in your bank account in up to 3 days, depending on the amount.
BEST SETTLEMENT FUNDING COMPANIES
8. Liberty Settlement Funding – (855) 643-0333
Liberty Settlement Funding is a Florida-based personal injury funding company. They help people in financial need with pre-settlement funding to pay their regular expenses on top of potential medical bills and an expensive lawsuit. They will look at your individual case and cater to your specific needs.
This litigation funding company has a quick approval procedure and can have funds paid out within 24 hours. They have experience with premises liability, work injuries, product liability, Jones Act cases, medical malpractice, mass tort, road accident cases, and many more.
BEST LAWSUIT LOAN COMPANIES
9. Golden Pear Funding – (212) 244-8200
Based in New York, Golden Pear Funding offers lawsuit funding loans assessed within 24 hours with an easy application process. They have no limits to the pre-settlement funding, with larger sums taking slightly longer to be approved. They deal with accidents, product, and premises injury cases, workplace accidents, and worker’s compensation claims.
Golden Pear Funding pre-settlement funding or consumer litigation funding is non-recourse based, like the other companies on this list, which gives them a no-win-no-fee structure.
BEST PRE-SETTLEMENT FUNDING COMPANIES
10. Oasis Financial – (877) 333-6680
Founded in 2003, Oasis Financial has emerged as one of the best pre-settlement loan companies in the United States. The company’s founders are attorneys who saw how their clients struggled to pay their bills during a lawsuit. As its namesake suggests, Oasis Financial seeks to offer a financial reprieve to those seeking justice.
Oasis Financial has a sterling reputation and carries an A+ rating from the Better Business Bureau, making it a reputable partner for anyone seeking legal funding. Their amount of legal funding ranges from $500 to $100,000. Over nearly two decades since its inception, the company has assisted over 250,000 clients in securing the compensation they deserve.
Choose the Best Lawsuit Loan Company for You
At Tribeca Lawsuit Loans, we help plaintiffs resist the delays and lowball offers from defense attorneys so they can win the compensation they deserve. We welcome your questions before, during, and after the loan application process. You can contact us online or give us a call at (866) 388-2288. A friendly team member will be happy to assist you!
You can apply for a lawsuit loan by phone or visit our Apply Now page to get started! Soon, the financial pressure will ease so you can get the compensation your case deserves.