Lawsuit funding is a crucial part of the financial landscape, but it is one that isn’t very well known. Figuring out which lawsuit funding company to trust is a challenge, but it’s one that we’re capable of facing.
We want you to make an informed decision about which lawsuit funding company to choose. That’s why we’ve made a list of web reviews of lawsuit funding companies, their pros and cons, and why you might choose them.
Things to Look for in a Lawsuit Funding Company
There are some fundamentals that all ethical lawsuit funding companies follow. When you’re weighing the options, look for these features:
The key thing that separates lawsuit funding from a cash advance or a loan is non-recourse. Non-recourse means that if your lawsuit fails, we cannot come after you (“have recourse”) to get the money back.
Instead, an ethical lawsuit funding company will speak with you and your lawyer about your case and make an informed decision about whether to lend and how much to lend. You do not want to get caught by a lender who will force you to pay if your case fails!
What Cases Can They Take?
Different lawsuit companies have different eligibility requirements and state regulations. Things to look for include:
- Which case types they’ll fund
- What’s the maximum amount they’ll fund
- Application fee amounts
- Whether you need to be represented by an attorney
- Which states they can operate in
We feel that good lawsuit funding companies reveal where they can operate and offer free no-obligation applications. At the very least, they should be clear about these matters on their websites instead of springing them on you later.
Are They With ALFA?
The American Legal Finance Association (ALFA) is the trade organization that represents lawsuit funding companies. Membership in this organization is a good sign that a company operates ethically.
You may wish to read over the ALFA code of conduct to understand some of the ethical issues the industry knows about. If a company tries to violate this code, watch out!
Our Current Web Reviews
Any company not on this list should not be seen as an endorsement for or a rebuke against that company. These are just the companies that we have investigated so far. Click on any of them to read a review about that lawsuit funding company:
- Case Cash Review
- Cherokee Funding Review
- Legal Bay Review
- Liberty Settlement Funding Review
- Oasis Legal Funding Review
- Peachtree Financial Solutions Review
- Nova Legal Funding Review
Learn More About Us
Naturally, we would love it if all our readers went with High Rise Financial for their lawsuit funding needs, but not every company can fit every need. That’s why we want to raise awareness of these other options and our opinion on them.
If you would like to know more about how we do the business of lawsuit funding, read through the rest of our website or contact us to learn more.