Disclaimer: Consumer legal fundings and advances are not loans under applicable financing laws. Rockpoint’s products are non-recourse, meaning if you don’t win your case, you don’t have to pay us back. Receiving financial support in connection with a legal case is typically (and oftentimes incorrectly) referred to as a “lawsuit loan” or “loan.” Therefore, for the ease of search references, these terms may be used in this context to refer to our funding products, but we maintain our separateness from consumer loan products in all legal aspects.
If you’re navigating a personal injury case, you’re likely dealing with a lot of unfamiliar processes. Seeking lawsuit funding may be one of them.
Your attorney may have mentioned the idea of legal funding to help you afford legal fees and medical costs before your case settles. But finding reliable, fast, and convenient legal funding near you feels like an overwhelming task.
If you’re searching for “legal funding near me,” read on to learn more about exploring this funding option in your state.
What Is Legal Funding, and How Does It Help Plaintiffs?
Legal funding is a type of financing available to plaintiffs and their attorneys in civil lawsuits. You may see legal funding referred to as “lawsuit loans,” “settlement advances,” or “non-recourse funding.” While these funding options may vary in their terms, they have a few things in common:
- They are available to plaintiffs, not defendants, in lawsuits.
- They are equal to a portion of the eventual settlement amount.
- The plaintiff repays the loan amount out of their settlement.
If you’re searching for “legal funding near me,” you likely have many expenses piling up. Medical bills, legal costs, and everyday expenses can overwhelm you while navigating a personal injury lawsuit. Even though you probably have a settlement coming at the end of your case, you’re not sure how to make ends meet in the meantime.
Legal funding can relieve your financial burden while you wait for your settlement. It gives you a portion of your settlement up front to use however you see fit.
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Types of Legal Funding Options Near You
You’ll find a wide range of legal funding options available. Read their terms closely to ensure that you understand how they work before agreeing to one.
These are a few common types of legal funding you may see:
- Lawsuit loans that you take out before your legal case to fund upfront costs
- Pre-settlement loans that you repay over time in installments, with interest
- Settlement advances that you repay as a lump sum if and when you receive your settlement
- Post-settlement funding that helps bridge the gap between when your case settles and when you receive your settlement funds
While all of these options can provide support for plaintiffs, settlement advances tend to be more affordable than other types. These are often available as non-recourse funding, meaning you don’t need to repay your advance if you lose your case.
How To Choose the Right Legal Funding Company Near You
Finding the right legal funding company makes all the difference as you secure financing for your legal case. You’ll want to consider several important factors when choosing a company to provide “legal funding near me,” as follows:
- Speed of process: If you need legal funding now, waiting weeks or months to receive your advance won’t do you much good. Look for a company with a fast process that allows you to secure pre-settlement funding in a matter of days.
- Eligibility criteria: Some litigation financing companies require you to have a good credit history and income to qualify for their loans. Others have no eligibility criteria other than the strength of your lawsuit. Review a company’s requirements closely to understand your likelihood of qualifying.
- Advance amount: You want legal funding to be worth your time and expense. Look for a company that offers a high advance amount; good companies are willing to front 10% to 20% of your settlement.
- Interest and fees: Evaluate the cost of your legal funding option. You’ll want a settlement advance with minimal fees and low or no interest to avoid cutting too heavily into your settlement amount.
- Availability in your state: Funding companies often limit their lawsuit funding to certain states. Be sure the company you choose operates in your state.
- Online reviews: Read a company’s online reviews to learn more about the average borrower’s experience and find out whether a company is trustworthy.
Take the time to find a company that ensures a safe, low-cost experience. The last thing you want is to work with a lender that adds more stress to your personal injury claims process.
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Rockpoint Legal Funding: Your Premier Option for “Lawsuit Funding Near Me”
At Rockpoint Legal Funding, we offer fast, convenient, accessible legal funding for plaintiffs and their attorneys. Our funding operates as a cash advance on your eventual settlement. We will evaluate the strength of your case to determine your eligibility — no credit score or income requirements necessary.
If we find that your case is strong, we will extend an advance on your settlement amount. You can repay the advance amount, plus a small fee, once you receive your settlement. But if you lose your case, don’t worry — you won’t owe us a penny.
Our lawsuit funding is:
- Fast, with many applicants receiving their advance within a few days of applying
- Risk-free, as you won’t need to repay us if you lose your case
- Accessible, with availability in the majority of U.S. states
- Easy — just apply through our quick online form. We will reach out if we need more information.
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Apply for Legal Funding Near You Today
Are you tired of searching for “legal funding near me?” Trust Rockpoint Legal Funding to provide a safe and convenient lending experience without the hassle.
Apply now to find out whether you qualify for legal funding. If so, you can expect to receive your cash within a matter of days. A representative will contact you shortly with more information.
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Presettlement Legal Funding.