Why would I need lawsuit legal funding?
Many lawsuits can take months or even years to resolve. Legal funding gives you access to a portion of your expected settlement now, helping you manage basic living costs while your case is still active.
What is the funding application process?
First, fill out our plaintiff application or attorney application form online. We then request documentation pertaining to your case from your attorney and our underwriters evaluate your case for funding. Typically, you should receive your lawsuit cash advance within 24 to 48 hours after your application has been approved.
How do I repay a lawsuit cash advance?
You don’t make monthly payments. Once your case settles, your attorney repays the advance directly from your settlement amount.
How will I receive my settlement advance?
Thrivest Link gives plaintiffs the option of receiving settlement money by check, bank wire, or reloadable debit card.
*Please note that reloadable debit cards are not available to residents of South Carolina.
Are lawsuit loans the same as traditional loans?
No, traditional loans are not the same as lawsuit loans! A lender, such as Thrivest Link Legal Funding, purchases a portion of your anticipated settlement in order to provide you with money, while your case is ongoing. There are no monthly payments. Repayment only occurs if you win your settlement.
Should I apply for legal funding if I don’t know when my case will settle?
Yes. If your lawsuit is active and your attorney has provided key case details and the expected settlement, applying now could help you access funds sooner, even without a clear timeline.
Is there a minimum settlement amount my case needs to qualify?
Most legal funding companies review the value of your case during the application process. While there’s no set minimum, smaller cases may not meet funding criteria. Your attorney can help determine if your case qualifies.
What happens if I lose my personal injury case?
If you lose your case, you owe us nothing. All of our settlement funding products are non-recourse, meaning that we do not collect any repayment on losses.
What if I have bad credit history?
No problem! Legal funding is not a loan and is not dependent on your credit score. So if you have bad credit, you may still be eligible for a fast lawsuit cash advance.
How is a lawsuit loan different from a traditional loan?
A lawsuit loan isn’t a traditional loan. It’s a non-recourse advance based on the expected outcome of your case. You don’t owe anything if your case doesn’t result in a settlement, and there are no monthly payments.
How long does it take to receive pre-settlement funding after applying?
Once your application and supporting documents are in, most approvals happen within 24 to 48 hours. The faster your attorney responds, the sooner the funding can be processed.
Why does the funding company need to speak with my attorney?
Legal funding companies work directly with your attorney to verify case details and coordinate documentation. Your attorney’s participation is required for funding approval.
What if my attorney doesn’t respond to the funding request?
If your attorney doesn’t respond, the application process can’t move forward. Legal funding requires your attorney’s cooperation to proceed.