After an accident, you just need some help – especially when it comes to paying the bills. You may want to look into pre-settlement funding companies that can help you get back on sound financial footing. But which settlement loan companies are the best options for your situation?
We know the legal funding industry can be difficult to navigate, especially if you only learned about it after your accident. That’s why we’ve put together this guide on the 20 best legal funding companies. You’ll learn about evaluating different funding companies, the qualities to look for, and what the top 20 lawsuit funding companies can offer.
The Top Lawsuit Funding Companies
Here are the top lawsuit funding companies in the industry today. It can be hard to find a reputable legal funding company on your own, so we did some of the work to identify the best pre-settlement loans for you. We encourage you to evaluate all of the best lawsuit loan companies before making a decision.
- High Rise Financial
- Golden Pear Funding
- Mustang Funding
- Tribeca Capital Group
- America Lawsuit Loans
- Nova Legal Funding
- Peachtree Financial Solutions
- Direct Legal Funding
- Liberty Settlement Funding
- Legal Bay
- US Claims
- Oasis Financial
- DRB Capital
- Prime Case Funding
- The Legal Funding Group
- Ally Lawsuit Loans
- Fair Rate Funding
- Express Legal Funding
High Rise Financial – (877) 912-1189
High Rise Financial, based in California, offers pre-settlement loans to clients across the United States. The company specializes in personal injury lawsuits but also offers surgery funding or on-lien medical care. As a large, well-capitalized company, High Rise Financial can offer up to $1 million in funding to qualified clients.
High Rise Financial is one of the top-rated lawsuit funding companies because it features a simple and fast application process, with contracts that are easy to understand and free of hidden terms or conditions. Plaintiffs are able to receive funds within 24 hours of their approval. The company offers generous terms to its clients and only charges its clients simple interest.
Mustang Funding – (312) 265-6300
Minnesota’s Mustang Funding is a top lawsuit loan company that provides legal funding services primarily for personal injury cases. Since 2005, this case loan company has funded over 1,000 plaintiffs across over 200 law firms. They work directly with law firms and plaintiffs as part of their mission to deliver best-in-class service to their clients.
Due to its focus on close, personal care, Mustang gives few details about the specific of its services. However, they do offer non-recourse cash advances to plaintiffs, including for corporate clients. They also offer law firm funding to those that require it and offer special solutions for cases that may require it.
Peachtree Financial Solutions – (866) 581-6225
Pennsylvania’s Peachtree Financial Solutions is one of the best pre-settlement funding companies. It was founded in 1996 and has since been acquired by J.G. Wentworth. Peachtree covers a wide range of cases but focuses on personal injury, product liability, medical malpractice, and wrongful death claims. They offer pre-settlement loans along with structured settlements, annuity payments, and even lottery payments.
Unlike some other legal lending companies, Peachtree will work directly with your lawyer, who will handle most of the paperwork. Peachtree offers a speedy 48-hour approval process and can deliver money into your account in 3 days. The amount they offer and your interest rate depend on the size of your potential settlement and the strength of your case.
Tribeca Capital Group – (866) 388-2288
As the name suggests, Tribeca is a lawsuit funding business that is based in New York but serves clients across the United States. They offer 100% risk-free non-recourse loans, which means you’ll only need to pay them back if you win your settlement.
Tribeca takes on a wide range of cases and offers highly flexible terms for the financing. They feature a fast and simple application process. In as little as 24 hours, you could have pre-settlement legal funding from them in your bank account.
America Lawsuit Loans – (888) 335-3537
Florida’s America Lawsuit Loans offers legal funding to clients nationwide. Their non-recourse loans are available for a wide variety of cases, including personal injury, product liability, medical malpractice, labor dispute, and other types of settlement cases. And if you don’t win your case, you don’t have to pay them back.
Legal funding through America Lawsuit Loans does not require a background check and can be in your account in as little as 24 hours. Your qualification for funding depends solely on the merit of your case. They offer low-interest rates and clear terms, making it easy for clients to understand their agreement.
Nova Legal Funding – (866) 670-6131
Los Angeles-based Nova Legal Funding offers pre-settlement funding for clients across the United States, except for Colorado, Maryland, and Tennessee. They can offer help with a wide variety of cases, including car accidents, product liability claims, and labor or employment disputes. Nova Legal Funding also specializes in offering pre-settlement loans for personal injury claims, and Nova Legal Funding’s interest rates are competitive.
Nova Legal doesn’t offer other types of financial products like other legal funding companies. This helps to streamline their selective application process, which can put money in your account in as little as 24 hours at a low-interest rate. They can offer non-recourse loans, meaning you don’t have to pay them back if you lose your case, in amounts ranging from $500 to $100,000.
Golden Pear Funding – (212) 244-8200
New York’s Golden Pear Funding offers unlimited amounts of legal funding to approved clients. They focus on settlements relating to defective products, premises injuries, and workplace accidents or injuries. Golden Pear has financed more than $675 million in legal funding for its clients since its inception in 2008, making it one of the top funders for medical-related settlements in the United States.
Several private equity firms own Golden Pear Funding, making them extremely well-capitalized and capable of funding a wide variety of medical cases. Since they have no limit on the amount of legal funding for which their clients qualify, Golden Pear’s application process takes somewhat longer than that of other companies. Their non-recourse funding doesn’t have to be repaid if you lose your case.
Direct Legal Funding – (866) 941-5588
New York-based lawsuit funding business Direct Legal Funding offers cash advances to qualifying plaintiffs. Funding is available for car accidents, personal injury cases, and workers’ compensation claims. The company assesses the eligibility of plaintiffs by speaking with their lawyer about the facts around their cases.
Direct Legal Funding can approve your application within 24 hours. Their no-win-no-fee funding has no upper limit. They offer favorable interest rates starting at 2% and increasing based on the risk of your case.
Liberty Settlement Funding – (855) 643-0333
Florida-based Liberty Settlement Funding offers pre-settlement funding, but they also purchase structured settlement, annuity payment, and lottery payment rights. The company has experience with a wide range of settlement cases, including road accidents, mass torts, medical malpractice claims, work, and premises liability, and Jones Act cases, to name a few. They offer best-in-class service and can work closely with you for your funding needs.
Liberty Settlement Funding is comprised of industry veterans and can bring over 100 years of collective industry experience to your next case. Liberty Settlement Funding takes a careful look at individual cases to determine how much funding they are willing to offer each one. They can disburse funds to approved clients within 24 hours of their application.
Legal Bay – (877) 571-0405
The New Jersey-based Legal Bay is a full-service legal funding company. They made our list of the best-rated lawsuit loan companies because they offer pre-settlement funding and take a creative approach to help their clients get the maximum funding possible. They have over 25 years of experience in the industry and offer close, personalized service to their clients.
Legal bay will speak to your lawyer to determine your eligibility if you choose to apply. Once you’ve submitted your application, a member of Legal Bay’s team will review it immediately to get you instant approval. You could have money in your account in as little as 24 hours after your application has been approved.
US Claims – (877) USClaims
USClaims has over 25 years of experience and has disbursed over $500 million to 52,000 cases over the last decade. They offer pre-settlement loans for many different types of cases, including car accidents, personal injury, premises liability cases, medical malpractice, and workplace injuries. They can issue anywhere from $500 to up to $1,000,000 in legal funding for your case.
US Claims is rated highly among lawsuit loan companies because it features a fast approval process and can issue you lawsuit funding in as little as 24 hours, except for weekends. Their funding is non-recourse and doesn’t need to be repaid if you lose your case. There is no credit check, and you won’t have to make a payment until you win your case.
LawCash® – (800) 529-2274
New York-based LawCash® is a New York-based company that offers pre-settlement funding for plaintiffs. They have been serving clients for over two decades and are one of the founders of the American Legal Finance Association (ALFA). ALFA is a legal funding industry group that has helped to set standards and best practices for it, as the industry remains largely unregulated.
LawCash® promises a high level of service and funding, with versatile lawsuit funding options. The funding they offer is non-recourse and does not require you to repay it if you lose your case. Their application process is simple and has no credit checks, making it easy to qualify for the funding you need to pay your bills while you fight for justice.
Oasis Financial – (877) 333-6675
Founded in 2003, Oasis Financial is a pre-settlement loan company based in Rosemont, Illinois. Oasis Financial funds personal injury cases, including car accidents, premises liability, and much more. One way they differ from other companies like Oasis Financial is their affiliates also have a pharmacy card program and medical lien solutions.
Clients working with Oasis can get the money they need to pay for accident-related expenses, and any others, before their case settles. Oasis Financial typically awards qualifying plaintiffs anywhere from $500 to $100,000. Oasis provides information about their fees and interest rates after approval.
DRB Capital – (855) 582-9975
Florida-based DRB Capital funds many different kinds of lawsuits and offers pre-settlement loans to qualifying plaintiffs. They offer a variety of financial products, including lump-sum payments for annuities and structured settlements. They serve customers across the country but do not currently work with plaintiffs residing in Arizona, Arkansas, Illinois, Maryland, Minnesota, or Nevada.
DRB places a high priority on delivering quality customer service. DRB connects clients with a care specialist who will accompany them through the process of obtaining legal funding. Applicants can receive money from DRB Capital in as little as 24 hours after they’ve been approved.
Prime Case Funding – (888) 767-4288
Prime Case Funding is a New York-based pre-settlement advance company. They offer funding for a wide variety of personal injury cases, along with medical malpractice and even false imprisonment cases. In addition to legal funding, they also offer surgery funding.
Unlike many other legal funding companies, Prime Case Funding publicly discloses how it sets interest rates and what clients can expect from it. Interest rates for their pre-settlement advances are decided on a case-by-case basis but compound monthly. However, they can deliver a cash advance to your bank account within 24 hours of your approval.
The Legal Funding Group – (912) 777-3397
Based in Savannah, Georgia, The Legal Funding Group offers pre-settlement loans for a wide variety of cases. They also emphasize the level of service they deliver to their clients. They have a 24/7 call center that is ready to take any client questions.
The Legal Funding Group charges a flat interest rate of 36% interest every six months on their pre-settlement advances. The application process is simple and can be done online. There’s no credit check and applicants can be approved within 24 hours.
Ally Lawsuit Loans – (844) 277-1772
Based in Houston, Texas, Ally Lawsuit Loans funds a variety of personal injury cases including prescription drug injury and Jones Act cases. They emphasize that they offer the lowest rates in the industry. They serve clients in all 50 states as well as the District of Columbia and the Armed Forces in the Americas, Europe, and the Pacific.
They can offer pre-settlement funding from $500 to as high as $750,000, based on previous cases. You can receive your funding within 24 hours so you can pay for essential expenses while you wait for your lawsuit to finalize. Ally offers to send your pre-settlement funding via wire transfer, paper check, FedEx Overnight Check, or Western Union transfer.
Fair Rate Funding – (888) 964-2224
Fair Rate Funding is a New Jersey-based pre-settlement funding company that specializes in personal injury cases including labor law and other cases such as wrongful death. They also fund transvaginal mesh and other medical malpractice cases. They serve clients nationwide and offer interest rates based on the specifics of your case.
Their team has over 65 years of experience and they have given a total of $5.4 million to applicants. They have a blog that answers all the important questions you need to know about lawsuit funding. Their application is free and, remember, that if you don’t win your case, you don’t have to pay a penny.
Express Legal Funding – (888) 232-9233
Express Legal Funding is a legal funding company based in Texas, but they also serve clients in Oklahoma and Missouri. They fund a diverse amount of personal injury cases including oilfield explosions and escalator injuries.
They emphasize their transparency with all their clients as well as their client’s lawyers. The company encourages applicants to call to learn more about their interest rates because each case is different and they want to set the right one for you. To apply, you can call or fill out a free application to see if your case qualifies.
To apply for free, call (877) 735-0016
What Factors Should You Consider When Choosing a Legal Funding Company?
These lawsuit settlement funding reviews are a good starting point for your research, but be sure to do your homework before you commit to a specific company. Keep in mind that the best lawsuit funding companies for your case may not be the right choice for another plaintiff.
The legal funding company you decide to partner with will shape the outcome of your case, including the size of your final award. This makes it vital to research potential lenders so you can find the right one for your case. Find out what factors you should consider when evaluating pre-settlement legal funding companies.
How Fast You Can Get Legal Funding
The most immediate question you probably have for a legal funding company is how fast they can get money into your bank account. Most legal funding companies can deliver your cash within hours, with most able to pay you in less than a day.
However, the speed with which you can get the money is less important than the long-term terms of the agreement you’ll be making. What’s important is the level of care and effort that your lawyer and the lending company put into your case. The more the company truly cares about your needs, the larger of a settlement you may receive.
How the Legal Funding Company Sets Interest Rates
Every settlement case is unique and entails a different level of risk for a funding company. A quality legal funding company will speak with you and your lawyer to carefully evaluate the details of your case before making a decision on what interest rate they’ll charge you.
Some companies may provide you with a flat rate while others may give you a specific interest rate. Don’t hesitate to go to a few companies to see how their rates differ, this can help you choose the best one for you.
The Interest Rate for Your Legal Funding
Legal funding is often mistakenly called a “lawsuit loan” because it comes with an interest rate. However, unless you have an especially risky case, your interest rate shouldn’t be higher than 3.5%. A reputable settlement loan company will also offer simple interest instead of a compounding rate and won’t charge you monthly payments.
If a legal funding company tells you that your interest rate is higher than 3.5% ask them to explain why it’s higher than the industry standard. It may be because of the risk your case presents or other factors. Or they may be caught in a lie and when you ask, it’ll influence them to change it to the industry standard.
How the Legal Funding Company Sets Pricing
Some litigation financing companies charge fees for application processing and any “office work” they do. You might also discover additional fees associated with “labor” and other itemized services.
If a company isn’t upfront about its pricing and is intentionally vague, they’re probably not trustworthy. Some companies may try to add hidden fees, if you find this in the company you applied to, confront them about it.
The Terms and Conditions for Your Legal Funding
Legal funding comes with terms and conditions, and you should be fully knowledgeable of them before signing any paperwork. A reputable legal funding company will take the time to carefully explain to you your obligations should you accept their offer.
Avoid legal companies that won’t answer your questions or if they include unclear, confusing wording in their contracts. A trustworthy litigation funding company is essential when it comes to your money.
How Well Your Lawyer Works with the Legal Funding Company
In order to manage their risk, a reputable legal funding company will only work with you if they get approval to do so from your lawyer. The best settlement loans will come from lawsuit advance companies that will get information from your lawyer about your case that is needed to evaluate and underwrite your funding.
Your lawyer needs to approve the company for you to obtain funding from them. By requiring your lawyer’s approval, this protects you and your settlement from being taken advantage of.
The Ethics of the Company
The best lawsuit funding company should adhere to a set of strong ethical principles. For example, we follow the standards and best practices set by the Alliance for Responsible Consumer Legal Funding (ARC).
We are one of the top-rated lawsuit funding companies because we always prioritize our clients’ needs first and never compromise on the quality of our service. When you work with us, you can be assured that our team cares about the success of your case, so you can get the money you deserve.
Apply Today for Lawsuit Funding for Free Today
Insurance companies aren’t always on your side and will often try to delay your lawsuit, so you get pressured into settling for less on their terms. With the best lawsuit funding company in your corner, you can dictate the negotiation terms.