Q&A

Frequently Asked Quesitons:

• How much money can I get?  Lawsuit loans are generally limited to about 15% of the projected case value.  The minimum lawsuit loan is $500 - $1,000.  The maximum amount will be determined on case-by-case basis, but it can be well over $1,000,000.00.

• How long will it take to receive a lawsuit loan?  We will generally review your application for lawsuit funding within 24 hours from the time we receive all necessary documents from your attorney.   Once you are approved and the Funding Agreement is signed, we will immediately overnight you a check via FedEx so you will receive the next day. Depending on your location, you may also pick up the check personally.

• How much is the lawsuit loan going to cost? The fees depend on the nature of your case but you may be able to receive a settlement loan for as little as $19 per $1,000 per month and a lawsuit loan for as little as $35 per $1,000 per month. Your repayment amount will be thoroughly explained to you and your attorney prior to your signing and accepting of the Funding Agreement. We strongly suggest that you consult with your attorney before signing the Agreement.

• Do I need to be represented by a Lawyer to apply for a lawsuit loan? Yes.  You need to have a pending lawsuit and be represented by an attorney.  If you need a lawyer, click

• Do I need good credit to apply for a lawsuit loan?  No, the lawsuit loan is not based on your credit history unless there is a pending bankruptcy. 

• Is this a loan?  A Lawsuit Loan is technically not a loan.   We purchase a portion of your settlement and advance you the money upfront.  This works to your advantage because if you lose your case, you owe us nothing as what we purchased simply has no value.  The risk is on us. A Settlement Loan is a loan but the only collateral you need is your settled lawsuit. You do not have to show us any other financial information, including credit or employment history.

• Is buying a lawsuit settlement legal?  Yes, in all states other than North Carolina, the settlement proceeds, minus your attorney fees and medical liens, belong entirely to you and you can use it in any way you wish, including assigning it to third parties.  As a matter of fact, you have probably already assigned a portion of your settlement to your attorney under a contingency fee agreement.

• Do I have to pay any up front out-of-pocket fees prior to receiving a lawsuit or settlement Loan? No.  The beauty of lawsuit and settlement loans is that you don’t have to pay anything upfront.  All fees will be processed at the conclusion of your case, provided you win.  If you lose, there is nothing to pay.

• Is the defendant or his insurance company notified of my lawsuit or settlement loan?   No, the only parties who know about the transaction are you, your attorney and the lawsuit funding company.  Otherwise, this process is fully confidential.

• Why can’t I borrow money from my attorney?   The American Bar Association prohibits attorneys from lending money to clients for anything other than case expenses. That’s why attorneys generally recommend that their clients seek cash advances from outside sources, such as lawsuit funding companies.

• Why don’t I get a bank loan as opposed to a lawsuit loan?   Lending money based on pending lawsuits is considered too risky by traditional financial institutions, including banks.  Your pending lawsuit is not sufficient to qualify you for a loan.  If you have other means of securing a bank loan – i.e. a home or other assets, you may want to consider that form of funding before applying for a lawsuit loan.  Due to its high cost, pre settlement funding should be considered as a last resort.    

• Is CashExpress going to be involved in my lawsuit after I receive pre settlement funding?  Absolutely not.  The lawsuit funding company has no involvement with the handling your lawsuit whatsoever.  Your case will continue to be handled exclusively by your attorney.

• How do I repay the Lawsuit Loan?   The amount due will be deducted from your settlement proceeds by your attorney.  It will be paid at the same time that you receive your lawsuit settlement proceeds.

• What happens if I lose my lawsuit?   You owe us absolutely nothing!  The lawsuit loan is yours to keep.

• What can I use the Lawsuit Loan for?   Anything you like but  you are strongly encouraged to take out a Lawsuit Loan for necessities only.  Due to its high cost, pre settlement funding should be used as a last resort only.

• What if I need another lawsuit loan later?  You can always apply for a second lawsuit loan at a later date.

• Can I apply for a lawsuit loan to multiple pre settlement funding companies? It is not recommended that you apply to more than one pre settlement funding company at the same time. What happens is that it becomes clear that you are shopping around and the most reputable funding companies will walk away leaving you with the most aggressive and usually most expensive lenders. So find a reputable trustworthy company you like and stick with them. For more information call CashExpress at 1-800-303-3193.

• Do I have to disclose all prior settlement loans?  Yes.  Most pre settlement funding companies use a computerized system to verify your prior funding obligations.  Once they find you lied to them they will most likely not want to do business with you.  In addition, you must attest in your Funding Agreement that you have no undisclosed prior lawsuit loans.  If you fail to disclose prior funding agreements, you will be committing fraud and violating the terms of the Funding Agreement.  Once this fraud is discovered, the funding company can go after you personally and demand you pay them back before your you win your lawsuit.

Other Funding Solutions

• Inheritance Advances   Get Cash for your Inheritance Without Waiting for the Probate  

• Factoring for Small Business - Invoice and Credit Card Factoring  Instant Cash for your Invoices and Credit Card Receviables

• Structured Settlement Buyouts  It's your  Money. Why Should you Wait for it?

• Injury Loans  Are you Tired of Waiting for the Settlement Check?

   

• Lawsuit Funding  If you ahve been injured in an accident and are represented by a lawyer, you may qualify for Lawsuit Funding between $1,000 and $1 Million Dollars.

• Attorney Funding  - Pre and Post Settlement Funding

 RESOURCES:

• Find the Best Lawyer for Your Case   H iring the Best Lawyer is Key to your Case  

  Not all personal injury lawyers provide the same level of services.

• How to find a reputable Funding Company.  Read the small print here.