Legal Funding: Lawsuit Loans & Settlement Loans

A: Legal funding is a no-risk cash advance to plaintiffs on a portion of their future anticipated settlements, either while the case is still pending or after it has settled. The money can be used to pay day-to-day living expenses until the plaintiff’s attorney has finished negotiating the lawsuit settlement.

Legal funding is not a loan. Instead, cash advances must only be repaid after the underlying lawsuit is resolved successfully; either by negotiated settlement or jury verdict. If the plaintiff loses, they are under no obligation to repay the advanced funds.

All plaintiff funding provided by TriMark Legal Funding is non-recourse.

A: TriMark Legal Funding’s rates start as low as 2% simple interest – capped at 2x for your safety – but not every case will qualify for that rate.

The quickest and most accurate way to find out how much a lawsuit loan will cost on your case is to give us a call at (877) 932-2628.

A: Litigation funding ranges from $1,000 to $10,000,000+.

_{❇️ Pending Cases: Up to 20% of the anticipated net settlement amount.
❇️ Settled Cases: Up to 50% of the actual net settlement amount.}

A: Lawsuit loans (pre settlement funding or post settlement funding) can help plaintiffs in several ways.

First, legal funding can provide immediate financial relief in as little as 12 to 24 hours. It’s money that can be used to catch up on bills, stop evictions, foreclosures, repossessions, etc., and pay day-to-day essential living expenses like rent or mortgage, car and insurance payments, utilities, groceries, and medical expenses.

Second, eliminating financial pressure means plaintiffs are no longer forced to accept the first lowball settlement offer they get. They can afford to hold out for a potentially larger settlement payout. At the same time, settlement funding can give attorneys extra time to negotiate the maximum compensation their clients deserve.

Even insurance industry insiders agree that litigation funding helps plaintiffs win bigger payouts.

Learn more about lawsuit settlement loans.

A: Among other things, legal funding rates are determined by the degree of relative risk and uncertainty associated with a given case.

Risk is determined by the degree of case development i.e. how long the case has been open, how much work has been done on it, and whether the case is settled, pending, or on appeal. And if pending, whether liability has been accepted or is being contested by the defendant.

For example, a settled case where an agreement has been reached, the claim release has been signed and the plaintiff is just waiting for the settlement check to arrive has very little risk.

On the other hand, a case with accepted liability in the midst of active settlement negotiations still has inherent risks. But it is far less risk than a case where the defendant has denied liability and is dead-set on having his day in court before a jury.

Likewise, regarding case development, a case that was only opened a week ago has far more unknowns i.e. risk, than say, a case that has been open for 2 years and has depositions, expert reports, and a plaintiff who has had 2 surgeries and fully recovered from her injuries.

A: Absolutely not. As investors, our involvement does not affect attorney-client privilege in any way.

Neither plaintiffs nor their attorneys waive confidentiality or any other legal rights by working with a lawsuit advance company.

A: The lowest rates TriMark offers are simple interest, non-compounding, and are capped at 2x for your safety.

TriMark Legal Funding prides itself on offering some of the lowest cost pre-settlement funding in the industry and our “Lowest Rate Guarantee” leaves no room for doubt.

A: No. To qualify for lawsuit funding, you must be represented by a contingent fee attorney.

A: You keep the money we advanced and owe nothing.

A: Lawsuit funding is available on virtually all types of pending and settled contingent fee legal claims.

To see a more comprehensive list of the cases we cover, visit Cases We Fund.

A: It is common for injured plaintiffs to need more than one lawsuit cash advance as their case progresses through the settlement process. Read more

A: To ensure you still have a significant amount of money payable to you after your settlement advance is repaid, TriMark Legal Funding can fund up to the following limits:

_{❇️ Pending Cases: Up to 20% of the anticipated net settlement amount.
❇️ Settled Cases: Up to 50% of the actual net settlement amount.}

A: Traditional loans are “recourse funding” and the obligation to repay is absolute. Read more

A: Legal funding is available in most, but not all states in the US. Some states prohibit it altogether, while others have special funding qualifications or requirements.

To check availability in your state, visit States We Serve.

A: That is a common scenario and it is not a problem. Read more

A: Absolutely. Although not required, you may pay down or pay off the advance early using a tax refund for example. And if you choose to do so, there is no pre-payment penalty.