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How Do Lawsuit Loans Work

Lawsuit loans help litigants (especially in injury cases) receive cash during the litigation process. How it works is simple. When you want to take out a lawsuit loan, you contact a lawsuit funding company to apply for a loan. You can request the amount of money you need to cover your bills but the lender will allow you borrow money against the compensation you expect to get from a lawsuit. You pay back the cash loan from the proceeds you eventually receive from a settled lawsuit.

How lawsuit loans work to give litigants cash during litigation process.jpgGetting a lawsuit loan from Nirvana Legal Funding is considered risk-free lending for clients who have or intend to file a lawsuit. This form of financing provides litigants with cash fast but without the risk and upfront capital required with a bank loan. Here are a few of the qualities that make borrowing money from an expected lawsuit settlement a popular loan option for clients:

  • Receive a cash advance from $500 to $100,000 in as little as 24 hours
  • No credit check
  • No upfront fees
  • No out of pocket costs
  • No monthly payments
  • Lose your case, pay nothing back
  • Repay the loan from the lawsuit money you recover for your injuries

Find Out if You Qualify for a Lawsuit Loan

Lawsuit funding companies and banks have different lending requirements. Unlike a personal loan, qualifying for a lawsuit loan from a lender specializing in pre-settlement financing is not determined by the borrower's credit score or financial ability to pay back loan. The qualifications are primarily based on the facts of the case and the lawsuit loan underwriter's estimated value of how much money the client can potentially receive from a settled lawsuit.

The following are the 5 minimum eligibility requirements for applying for lawsuit loan:

  1. You are 18 years of age or older
  2. You live in the U.S.
  3. You have an injury case or wrongful death lawsuit
  4. You hired an attorney to represent you in a legal action
  5. You are entitled to receive money compensation for your damages

The Process

The process of receiving a lawsuit loan through Nirvana Legal Funding is easy. Our simple 5-step process is designed to have litigants approved for a loan in 24 hours, sometimes even same day, allowing borrowers to receive the funds they need for paying bills and covering living expenses during the claim process.


Begin the funding process by applying online or calling our legal funding department to request the cash you need to receive to tide you over pending your settlement.

Attorney Contact

Your attorney's involvement and cooperation is essential in the loan underwriting process. After receiving your request for an advance, a lawsuit funding specialist will immediately contact your lawyer for specific information concerning your pending case. We will ask for information about how the incident occurred, the extent of your physical injuries, the nature of your medical treatment, and confirmation of the amount of insurance coverage the responsible person or business had at the time of the incident.


When the plaintiff’s attorney returns the information we requested about the client’s pending case, a lawsuit funding specialist will immediately review the material and underwrite the claim for a cash advance. Lawsuit loan underwriting is a process in which the lender evaluates the facts and assesses the risks of the borrower’s case to ensure it meets the requirements for approval of a loan. The underwriter will review the documents from your attorney and determine the lawsuit loan approval.

The Funding Agreement

After the lawsuit funding expert has completed the underwriting review, you will receive a call with the lender’s loan decision. This is the time you will be told of the amount of money you can borrow from your lawsuit and the exact terms of the lending. If you choose to move forward in the process, the legal funding agreement is then sent to you and your lawyer by email or fax to review and sign.

Get the Funds

The advance lawsuit loan is sent directly to you after the lender receive the signed funding agreement back from you and your attorney. You will have the choice of how the funds should be sent to you. Typically clients can get the money by Western Union, direct deposited into the client’s bank account, or a check is mailed to the borrower by overnight delivery.

Lawsuit funding companies do not dictate how borrowers spend the loan. While many clients use the cash to cover auto loan payments, pay medical bills, and make mortgage payments, you can use the lawsuit funding loan for anything you and your family need to survive the long, drawn out legal proceedings.

How to Get a Lawsuit Loan Today

Lawsuits don't settle quickly. Many clients have to wait years to recover compensation for the pain and suffering they've endured due to third party negligence or on the job injury. This can be a huge problem for litigants having difficulty finding the cash necessary to pay bills.

Rather than waiting years, consider applying for a lawsuit loan today by contacting Nirvana Legal Funding for a cash advance before your lawsuit is settled. Apply using the request form at the top of this webpage or simply call us to do an application right over the phone by dialing (888) 715-8701.

(888) 715-8701