Overall, it can sometimes take six to eight weeks (or even longer) after settlement of your claim before you receive your settlement monies.

You can easily borrow against a settlement in these 5 simple steps:

1. Apply for funds. To take out a settlement funds, first apply for the loan by filling out our short application form online after your lawyer files your lawsuit.
2. Contact attorney.
3. Evaluation of the case.
4. Funding agreement.
5. Money release.

While they can’t provide an advance on your settlement, an attorney can advance funds to pay for legal costs, meaning court and witness fees and deposition expenses could be covered, so the money to support your lawsuit is available.

After you file a personal injury lawsuit, you apply for the loan with a lawsuit funding company. The company evaluates your case to determine how much you can expect to get if you win or negotiate a settlement. Usually, you don’t have to make any payments before you settle the case or get a judgment.

With a pre-settlement advance, if you lose your case you are not required to pay anything back. You only repay the advance if you win your case or reach a favorable out-of-court settlement. The interest and fees charged on the advance will vary based on the lawsuit settlement funding company you select.

How long does it take to get legal funding? The timeline varies by company and also depends on how quickly your attorney can give them pertinent information about your case. Once your advance is actually approved, you can typically expect to receive funds within 1 to 2 business days.