There are more than one hundred lawsuit loan companies that provide the exact same product – cash now in exchange for repayment (plus interest) later.
While their products are the same, the terms can vary widely. Many companies claim to be the “best lawsuit loan company” 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 company is 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.
Our pick for low rate lawsuit loans
USClaims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from USClaims to see for yourself.
Our pick for fast lawsuit settlement loans
Thrivest Link Legal Funding offers reasonable funding terms often with simple, non-compounding rates. Their expert underwriting allows them to fund larger sums than many of their competitors. They have a 4.6 / 5.0 rating on Google.
Our pick for workers’ compensation claim loans
Bridgeway Legal Funding offers reasonable rates and fast processing of workers’ compensation lawsuit loans. Workers’ compensation funding is typically only available in states in which an attorney controls the settlement proceeds. Unfortunately, in many states workers’ comp settlements go directly to plaintiffs.
Highly rated lawsuit loan companies
These legal funding companies are highly rated by consumers on review websites. This is obviously a good sign, but take every online review with a grain of salt. Businesses often solicit reviews only from happy customers or pay for reviews.
Highly rated pre-settlement funding companies on Google
High Rise Financial is a California-based lawsuit loan company. They have the most five-star reviews of any funding company in the industry. In addition to pre-settlement funding, High Rise provides medical care scheduling and financing services.
Capital Now Funding is a Kentucky-based settlement advance company founded in 2015. In most states, they offer pre-settlement funding with a 45% fixed-fee model. This could be advantageous for claimants expecting a lengthy legal claim.
Highly rated lawsuit cash advance companies on Yelp
Prime Case Funding is a legal funding provider located in New York. They have exceptional online reviews and quote a rate of 2.75% compounded monthly on their website.
Highly rated by consumers on Better Business Bureau (BBB)
Orlando, Florida-based Citrus Legal Funding has excellent customer reviews on the BBB and Google. Like most other pre-settlement lawsuit loan companies, they offer non-recourse advances for plaintiffs pursuing negligence claims.
Attributes of the best lawsuit funding companies
What makes a company worthy of being one of the best pre-settlement loan companies for plaintiffs?
- The best pre-settlement funding companies for plaintiffs put plaintiffs first, not their attorneys. Plaintiffs receive regular updates and honest answers about the status of their requests. We feel that many legal funding companies have a too-cozy relationship with personal injury attorneys. In many cases, this relationship is not beneficial to the plaintiff.
- A quality settlement funding company will provide rates, terms, and a sample payoff table immediately upon request before they receive any information about your case. Any company that refuses to do so is likely trying to restrict a plaintiff’s ability to compare rates.
- The best pre-settlement loan companies charge low, simple rates. Plaintiffs should basically never accept a compounding rate on legal funding. Compounding rates lead lawsuit advances to balloon over time as interest accumulates based on the total current balance of the advance.
- A good personal injury funding company can answer your questions thoroughly and courteously. The top litigation funding firms do not use call centers – they assign you a specific representative for the duration of the process.
Other top pre-settlement funding companies
These companies are listed here for comparison purposes only. Many of the companies listed here provide a wide variety of rates and terms that vary from case to case.
Some of the companies listed here may, in some cases, be brokers instead of direct lenders.
It is absolutely critical that you ask about rates and all fees upfront, before providing any detailed personal, case, or attorney information.
See each profile below for more information. Grouped companies are related in some manner (e.g. a parent company and a subsidiary; merged or effectively merged companies; companies that operate out of the same office).
- 5 Star Legal Funding – 5 Star Legal Funding is based in New York and was founded in 2006. They advertise simple, non-compounding rates and capped repayment terms.
- Anchor Fundings – Anchor Fundings offers plaintiff and attorney legal funding nationwide. There is limited information about them from online consumer reviews.
- Baker Street Funding – Baker Street Funding is a relatively new personal injury case funding company based in New York. Despite the company’s age, they are growing very quickly. They claim to provide rates between 1.5% and 3.4%, compounding monthly.
- Cherokee Funding – Georgia-based Cherokee Funding provides pre-settlement and post-settlement plaintiff and attorney funding. They claim to fund almost all types of legal cases, so long as there is solid liability, damages, and a defendant with the ability to pay.
- Client Legal Funding – Florida-based Client Legal Funding was founded in 2011. They offer pre-settlement funding, post-settlement funding, medical funding, and attorney funding services.
- Covered Bridge Capital – Covered Bridge Capital is a Pennsylvania-based lawsuit settlement advance company based in Pennsylvania. They claim to have helped 73,000 plaintiffs receive over $138 million in funding since their founding in 2004.
- Fund Capital America – Fund Capital America, also known as Med Capital Solutions, is a plaintiff and attorney funding provider based in Los Angeles, California. They state that they can offer up to a $100,000 advance within 24 hours.
- Glofin (formerly Global Financial) – Founded in 2002, Glofin Funding is one of the longest-standing providers of personal injury funding in the United States. They serve plaintiffs nationwide with a few exceptions.
- Golden Pear Funding & Case Cash Funding – Golden Pear Funding is one of the largest lawsuit funding companies in the US. They are primarily focused on funding plaintiffs residing in New York. Since 2008, they have extended more than $600 million in funding.
- JG Wentworth & Peachtree Financial Solutions – Peachtree Financial, a subsidiary of JG Wentworth, operates as a lawsuit loan referral service.
- LawCash & Momentum Funding – New York-based LawCash is one of the longest-running settlement loan companies in the US. Headquartered in Florida, Momentum Funding focuses on personal injury and workers’ compensation lawsuit advances.
- Liberty Settlement Funding – Liberty Settlement Funding is a Florida-based lawsuit settlement funding company serving plaintiffs nationwide.
- Mustang Funding – Mustang Funding is a relatively new but quickly growing lawsuit funding company based in Minnesota. They have provided more than $50 million in funds to plaintiffs and attorneys since 2018.
- Nova Legal Funding & Ally Lawsuit Loans – Nova Legal Funding is a California-based direct funder and broker of lawsuit loans. They claim to have provided more than $25 million of lawsuit cash advances to plaintiffs. Ally Lawsuit Loans is affiliated with or closely related to Nova Legal Funding. They claim to be located in Houston, Texas.
- Oasis Financial (formerly Oasis Legal Finance) – Oasis Financial is one of the largest pre-settlement lawsuit loan companies in the United States. Oasis has provided funding to more than 250,000 plaintiffs since 2003.
- Pegasus Legal Capital – Pegasus Legal Capital provides non-recourse lawsuit settlement funding to plaintiffs nationwide. They claim to provide approvals within four to six hours from receiving documentation from your law office.
- Preferred Capital Funding – Preferred Capital claims to be the first pre-settlement funding provider in the US. They receive much of their business directly from referring attorneys.
- Rockpoint Legal Funding – Rockpoint Legal Funding is a California-based funding provider that receives a large amount of its business from California attorney referrals. They also provide attorney funding and medical lien funding.
- Signal Funding – Florida-based Signal Funding claims to provide $500 to $500,000 in pre-settlement funding with same-day service. They provide funding to injured plaintiffs nationwide. Signal has solid reviews on Google and mixed reviews on Yelp.
- The Legal Funding Group – Based in Savannah, Georgia, The Legal Funding Group provides lawsuit cash advances nationwide. On their website, they quote a rate of 36% every six months.
- Triumph Legal Funding – New Jersey’s Triumph Legal Funding offers competitive rates and fast, friendly service. Triumph favors rolling contracts with pre-approved monthly funding amounts to help clients budget and offer peace of mind throughout the course of their lawsuit.
Five questions to ask lawsuit loan companies before you apply
When you first contact any funding company, you should be ready with a few questions. At Compare Lawsuit Loans, we feel strongly that you should be able to get basic pricing information before giving a company any information about your case (except maybe your state of residence and case type).
It is ok to get some basic initial information over the phone. However, you should be sure to have the company confirm all rates and terms in writing before you allow them to reach out to your attorney.
- Would you be a broker or a direct funder for my request? This is an important question – and it’s important to phrase it this way. Many brokers also fund a few cases here and there. Be specific in asking about whether they will be a broker or funder for your case. A broker is not always a bad thing – but remember that going through a broker almost always comes with added cost for you.
- Do you charge simple or compound interest? You should always ask upfront whether or not a company is charging simple or compound interest rates. Get this information in writing.
- What rate do you charge? You want a specific answer here – not a meaningless range. Ask the company to commit to specific pricing before you apply. Get this information in writing.
- What fees do you charge? You should ask funding companies to provide fee information in writing. You should make sure to get information about whether fees are fixed or vary by funded amount. Get this information in writing.
- What is the turnaround time? They will almost always answer this question with a caveat – it depends on when they receive documents from your attorney. Make sure to confirm approximately how long they expect the process to take after they have a full case file.
Frequently asked questions
The best lawsuit loan company is the company that gives you the best terms on the advance you request. The best funding company for a car accident plaintiff in California may not be the best for a plaintiff with a medical malpractice claim in New York. Do your research and shop for the best terms possible to find the best legal funding company for you.
Yes! Borrowing funds on your lawsuit is typically called legal funding. There are hundreds of companies that provide this service. However, many companies charge a substantial fee – do your homework before rushing into a lawsuit settlement advance.
Whether or not lawsuit funding makes sense for you depends on your circumstances. Taking out an advance on your lawsuit is a last resort. Always be sure to look into alternatives including borrowing from friends and family.
Use Compare Lawsuit Loans, Google, or Yelp to find a few companies that provide legal loans. Once you have selected a few highly rated companies, get quotes from each one. Compare quotes to find the best deal possible and move forward with that funding company.