What is a “Lawsuit Loan?
A lawsuit loan is an idea pioneered by Lance Lawsuit Funding, LLC to provide risk free, non-recourse loans to plaintiffs with pending lawsuits. Our lawsuit loan is risk free because unless you win a favorable settlement you do not have to repay it. The lawsuit funding company, i.e., Lance Lawsuit Funding, has no recourse to collect the loan because it is contingent on a favorable settlement.
We consider your lawsuit as a personal asset that we evaluate and based on the value of your case we provide you with money now, rather than you waiting years until your case settles.
Lance Lawsuit Funding takes all the risk with every plaintiff to whom we provide a lawsuit loan.
There are many reasons to consider a lawsuit loan. You may want to pay off higher interest rate debt, pay medical bills, or life's expenses. You may want the hedge against the risk of litigation.
A lawsuit loan lets you hedge against the unknowables of litigation by taking a partial value of your case right now. And you keep the money even if you do not get a favorable settlement.
We provide lawsuit loans in the areas of medical malpractice, product liability, physician error, auto negligence and many other types of cases.
The lawsuit loan is based on the value of your case. We consider the merits of your case and the likelihood of you getting a favorable settlement. Then we will give you up to a percentage of the value of your case.
There is no credit or employment check. The money is wired into your account or a check is sent overnight.
You and your lawyer will sign an agreement to repay the lawsuit loan only if there is a favorable settlement.
If you think a lawsuit loan is right for you and want more information then give us a call or submit the contact form.