Frequently asked questions about lawsuit cash advances and litigation funding companies

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What is litigation funding?
Litigation funding is a cash advance against your lawsuit settlement or verdict. As your litigation funding company, we will advance you cash for living expenses before your case settles. When your case settles, we are repaid out of your settlement.
What can I use the money for?

The lawsuit cash advances you receive through Absolute Legal Funding can be used to help avoid foreclosure, eviction, or bankruptcy, and to pay for medical bills, food, rent or any other purpose. You can use the money any way you need. We do not control what you do with the funds.

What are the benefits of receiving legal funding?

There are many benefits to receiving legal funding. First of all, the litigation process can take up to several years. Absolute Legal Funding will give you the money you need NOW to cover your living expenses until your case settles. Another reason why a lawsuit cash advance is useful is that insurance companies understand that personal injury victims often experience financial problems. Knowing this, insurance companies will make a small offer in hopes that the client will accept it in order to ward off financial hardship. By getting legal funding through litigation funding companies like Absolute, you can hold out for a larger and fairer settlement.

Is this a loan?

No, it is non-recourse funding. You repay Absolute Legal Funding at the end of the case only if you receive a settlement or verdict. If you lose your case, you owe us nothing. The lawsuit cash advance we provide to you is yours to keep.

Are there monthly payments?

No. There are no monthly payments to secure litigation funding through our company. All fees are due at the conclusion of your case. Absolute Legal Funding only gets paid when your case settles.

Is there a credit check or employment check?

No, there is no credit check, and you do not need a job to receive legal funding.

Do I need an attorney in order to receive a lawsuit cash advance?

Yes, in order to be eligible for our lawsuit cash advances, you need to be represented by an attorney working on a contingency basis, meaning your attorney is paid out of your settlement or verdict.

What is the process?

When Absolute Legal Funding purchases an interest, we buy part of your case. Cases are evaluated on several criteria, including liability, damages and insurance coverage. Your attorney will provide us with details of the accident, the defendant’s insurance, and some medical records showing the nature and severity of your injuries. We will notify your attorney within 24 to 48 hours to let them know if the funding has been approved.

What is the minimum/maximum funding amount for lawsuit cash advances?

There is none. As one of the leading litigation funding companies, Absolute Legal Funding reviews each case individually and works with you and your attorney to come to an amount that is acceptable.

Does Absolute Legal Funding have input with my case?

No, Absolute Legal Funding is just your litigation funding company, and has no right to participate in or have any input in your case. Only you and your attorney will have any say regarding these matters.

For which kinds of cases does Absolute Legal Funding offer lawsuit cash advances?

  • Motor Vehicle Accident
  • Slip/Trip and Fall
  • Premises Liability
  • Construction Accidents
  • Medical Malpractice
  • Head and Neck Injuries
  • Product Liability
  • Dog Bites

Can I talk to my attorney about litigation cash advances?

Yes, we encourage you to consult with your attorney about applying for a lawsuit cash advance.
How do I repay the funding advancement?
With non-recourse funding a lien is placed on a portion of the lawsuit’s future proceeds. We are repaid when your case settles, and we are only paid if you win your case.
Why would my attorney not recommend applying for a lawsuit cash advance?
Your attorney may not have had any previous experience with litigation funding. They may also have concerns about the following:

  • The cost of legal funding services and whether the repayment will affect their attorney fees. Attorneys’ fees are paid before Absolute Legal Funding receives any portion of the settlement.
  • Potential influence or compromise on the attorney’s handling of your case. (See Does Absolute Legal Funding have input in my case?”)
  • Your attorney may not know that our financial options are non-recourse funding. Which means that we are only paid if you win your case or your claim reaches a settlement as a result. If you lose your case, you OWE US NOTHING.
How does case cost funding and litigation financing work?
Case cost funding is a form of lawsuit funding which can help eliminate cash flow problems and financial risks of attorneys paying for case costs and case disbursements. Our litigation funding can be used to cover all fees associated with a case, including court fees, medical reports, expert witnesses and other crucial costs. There is only a one-time application and processing fee per case and you use our money as needed to fund your litigation costs. There are no monthly payments or up-front charges.

Absolute Legal Funding — Funding You Can Depend On™