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A lawsuit loan (also called a lawsuit cash advance, litigation financing, lawsuit funding, and settlement funding) is a cash advance against a future lawsuit judgment or settlement award. If you are in the middle of a personal injury lawsuit and need money, you may be able to get a lawsuit loan -- an advance against any future lawsuit settlement or award amount. These advances are known by many different names, including: lawsuit loans lawsuit cash advances litigation financing lawsuit funding, and settlement funding.
But tread carefully before you jump at lawsuit funding. Borrowing against a future settlement or judgment can help you deal with short-term financial hurdles but may cost you a lot of money in the long run. Make sure you do your homework and understand the cost of getting a lawsuit loan.