What is a lawsuit advance?
A lawsuit advance is another term for pre-settlement funding. Put simply, this is a cash advance on a pending litigation.
What’s the difference between pre-settlement and post-settlement funding?
Pre-settlement funding is financial assistance provided to you, the plaintiff, throughout the lawsuit process. Unfortunately, lawsuits can drag on for months or even years. Resolution Funding offers lawsuit advances to clients as they wait for their cases to settle. The amount we offer is a percentage of future settlement money that we estimate you are likely to receive.
Post-settlement funding is also a cash advance, but is a set dollar amount based on the settlement you’ve already won. When a case settles, it can take weeks or months for you to receive any of that money. Resolution Funding purchases part or all of your lawsuit settlement and offers you a lump sum of cash in between the time that your case is settled and the time that any funds are disbursed.
Are lawsuit advances considered a loan?
No. Both pre-settlement and post-settlement funding are considered non-recourse advances. You do not have to pay back any money, even if you lose your case.
Will Resolution Funding get involved in my case?
No, we do not get involved in your case. Any information you provide to us is used only to determine the amount of lawsuit advancement to offer you. We keep all of your information secure and confidential.
How quickly can I receive funding?
After our initial review of a case, we are generally able to fund lawsuit advances in as little as 24-48 hours via check or debit card.
Do I have to pay any fees upfront?
No. We charge a one-time document review fee of $250 that you pay only after your case settles.
How much does this cost?
In addition to a one-time document review fee of $250, we charge a 2.99% compounded monthly interest rate. Resolution Funding proudly offers one of the lowest rates among lawsuit funding companies in the country. Also, you don’t accrue interest until you actually receive funds.