There are more than one hundred lawsuit loan companies that provide the exact same product cash now in exchange for repayment later.
While their products are the same, the terms can vary widely. Many companies claim to be the “best pre settlement funding companies” or have the “lowest rates”. Few post information about their rates online.
Check out our independent reviews of dozens of the most prominent lawsuit loan companies below. We strongly advise that you read our “How to Compare Lawsuit Loans” guide before requesting funding from any company.
Lawsuit loan companies we recommend
These companies will offer concrete quotes with simple-to-understand rates and terms. They typically offer lower rates on average than most competitors.
Even with these companies, it is important to ask about terms upfront. Do your homework and get quotes from many providers before moving forward with any particular company.
The best pre settlement funding companies are the company that provides you the lowest rate and the best terms. We feel that the most important things to assess on your first phone call with a funding company are rates and fees.
Rates – the best lawsuit funding companies charge low, simple rates from 15% to 20% every 6 months. In many cases, it is best to avoid compounding rates and companies that cannot quote a rate upfront on your first call.
Fees – plaintiffs typically benefit from avoiding legal settlement funding companies with high fees. As a rule of thumb, for advances under $1,000, look for companies that charge $100 in total fees or less (including application, processing, and delivery fees). For advances greater than $5,000, try to pay $250 or less in fees.
If any company is unwilling to disclose and discuss this information upfront, it is usually best to move on to another option.