What is a Settlement Advance or Loan?
Settlement advance or loans made to someone who is pursuing a future settlement or payout from a lawsuit, inheritance, house sale, medical malpractice, or any other situation. The money is coming in the future, but the borrower, for whatever the reason, can not wait
Why do people take out settlement advances or loans?
Clients have expenses that simply can not wait until the future funds come in to pay. In many situations the client has not been able to work while expenses have continued. Daily hardship is often a big factor for seeking help. A settlement avance keeps clients going.
Am I eligible to receive an inheritance cash advance?
Yes. If you are an heir who will be inheriting money or assets from a probate estate or trust which is presently open or is in the process of being opened.
My credit is bad. Can you still help?
We can. Our approval process, in fact, does not even take your credit history into account.
What are the criteria that determine the cost of an inheritance cash advance?
The size of the advance, complexity of the probate estate or trust, and the estimated time to distribution of the estate assets are the major factors affecting pricing.
My injury has forced me to give up my job. Will you still consider me a viable client?
Yes. Our lenders do not require proof of employment and we do not need to verify your household income.
I don't have any assets. Can I still apply for a settlement loan?
You can. We do not ask for collateral on your loan. We base the approval process on your case and claim.
How large an advance can I get?
We provide inheritance cash advances and inheritance loans up to $2,000,000. The maximum in each case depends upon the size of your inheritance and the assets in the estate or trust.
How long does it take to get a loan or advance?
We review your completed application as soon as possible. Typically, a decision is made within 24-48 hours upon receipt.
Do you charge an application fee for Settlement Advance?
There is no application fee payable for submitting an application. When the Lender has completed their review and determined that a loan can be advanced, an administration fee of $375 plus HST/applicable taxes will be required.
How and when do you get paid?
We are paid directly from the estate or trust. The rest of your inheritance is distributed directly to you. There are no application Fees for an Inheritance Advance.
How big of a Settlement loan can I get?
Our minimum advance amount is $1,000 up to $50,000. Our Lenders will typically fund approximately 10-15% of our estimate of your claim's value.
Why do you only fund a portion of my Settlement claim?
Our Lenders provide settlement financing to help you manage your short term bills and help ease the immediate financial stress you may be facing as a result of your injury. We do not want to burden you with unnecessary advances to cover other costs that you may be able to finance through other sources.
How do I pay back my Settlement loan?
You pay back your loan once you win in court and your lawyer receives the litigation proceeds, or a personal injury settlement. You will receive the net proceeds from your case. Up until that point, no monthly or interim payments are required. As a result, you will have use of your litigation loan to put toward expenses of your choosing, without any interest payments required. The lender takes on 100% of the risk with respect to your pre-settlement loan.
How much does a settlement advance cost?
The cost is similar to a credit card or consumer loan except there is no requirement to make the monthly payments. The exact costs depend on the amount of the loan and the time it takes to pay it back. We charge an initial administration fee as well as a monthly interest rate. Although there is no requirement to make monthly payments the loan is completely open and you can make payments of any amount at any time
Is my personal information secure?
Absolutely. Our online applications are safe and secure, and we do not share client information with third parties.
What if I lose my case?
Settlement loans are non-recourse, which means if you lose your case, you owe nothing.
Can I seek my lawyers' advice regarding your service?
Yes. In fact, as we will require information from your lawyer about your case as part of the application process, we would advise you to notify your lawyer of your decision to pursue a settlement advance as a first step in the process.
Does my lawyer need to guarantee the loan?
No. While we do require your lawyer to provide us with some of your case file materials (with your authorization), we base our lending decisions solely on our independent review of your case. Your lawyer is completely independent from our lending evaluation process.
Does your Lender get involved with my case?
No. Our Lenders do not interfere with your lawyer's handling of your case.
What is my role in the process?
We require our borrowers to review and sign only two documents – a standard loan agreement reflecting the terms of the loan, and a direction authorizing your lawyer to repay the loan on your behalf once your case is resolved. These documents can be signed at your lawyer's office, or we can send them to you for signature. It is a very simple and straightforward process.
Settlement advance or loans made to someone who is pursuing a future settlement or payout from a lawsuit, inheritance, house sale, medical malpractice, or any other situation. The money is coming in the future, but the borrower, for whatever the reason, can not wait
Why do people take out settlement advances or loans?
Clients have expenses that simply can not wait until the future funds come in to pay. In many situations the client has not been able to work while expenses have continued. Daily hardship is often a big factor for seeking help. A settlement avance keeps clients going.
Am I eligible to receive an inheritance cash advance?
Yes. If you are an heir who will be inheriting money or assets from a probate estate or trust which is presently open or is in the process of being opened.
My credit is bad. Can you still help?
We can. Our approval process, in fact, does not even take your credit history into account.
What are the criteria that determine the cost of an inheritance cash advance?
The size of the advance, complexity of the probate estate or trust, and the estimated time to distribution of the estate assets are the major factors affecting pricing.
My injury has forced me to give up my job. Will you still consider me a viable client?
Yes. Our lenders do not require proof of employment and we do not need to verify your household income.
I don't have any assets. Can I still apply for a settlement loan?
You can. We do not ask for collateral on your loan. We base the approval process on your case and claim.
How large an advance can I get?
We provide inheritance cash advances and inheritance loans up to $2,000,000. The maximum in each case depends upon the size of your inheritance and the assets in the estate or trust.
How long does it take to get a loan or advance?
We review your completed application as soon as possible. Typically, a decision is made within 24-48 hours upon receipt.
Do you charge an application fee for Settlement Advance?
There is no application fee payable for submitting an application. When the Lender has completed their review and determined that a loan can be advanced, an administration fee of $375 plus HST/applicable taxes will be required.
How and when do you get paid?
We are paid directly from the estate or trust. The rest of your inheritance is distributed directly to you. There are no application Fees for an Inheritance Advance.
How big of a Settlement loan can I get?
Our minimum advance amount is $1,000 up to $50,000. Our Lenders will typically fund approximately 10-15% of our estimate of your claim's value.
Why do you only fund a portion of my Settlement claim?
Our Lenders provide settlement financing to help you manage your short term bills and help ease the immediate financial stress you may be facing as a result of your injury. We do not want to burden you with unnecessary advances to cover other costs that you may be able to finance through other sources.
How do I pay back my Settlement loan?
You pay back your loan once you win in court and your lawyer receives the litigation proceeds, or a personal injury settlement. You will receive the net proceeds from your case. Up until that point, no monthly or interim payments are required. As a result, you will have use of your litigation loan to put toward expenses of your choosing, without any interest payments required. The lender takes on 100% of the risk with respect to your pre-settlement loan.
How much does a settlement advance cost?
The cost is similar to a credit card or consumer loan except there is no requirement to make the monthly payments. The exact costs depend on the amount of the loan and the time it takes to pay it back. We charge an initial administration fee as well as a monthly interest rate. Although there is no requirement to make monthly payments the loan is completely open and you can make payments of any amount at any time
Is my personal information secure?
Absolutely. Our online applications are safe and secure, and we do not share client information with third parties.
What if I lose my case?
Settlement loans are non-recourse, which means if you lose your case, you owe nothing.
Can I seek my lawyers' advice regarding your service?
Yes. In fact, as we will require information from your lawyer about your case as part of the application process, we would advise you to notify your lawyer of your decision to pursue a settlement advance as a first step in the process.
Does my lawyer need to guarantee the loan?
No. While we do require your lawyer to provide us with some of your case file materials (with your authorization), we base our lending decisions solely on our independent review of your case. Your lawyer is completely independent from our lending evaluation process.
Does your Lender get involved with my case?
No. Our Lenders do not interfere with your lawyer's handling of your case.
What is my role in the process?
We require our borrowers to review and sign only two documents – a standard loan agreement reflecting the terms of the loan, and a direction authorizing your lawyer to repay the loan on your behalf once your case is resolved. These documents can be signed at your lawyer's office, or we can send them to you for signature. It is a very simple and straightforward process.