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The cost of settlement funding is frequently high on the list of questions applicants’ minds. As should be anticipated, there is no single answer to this question.

Settlement loan costs will vary with the amount to be loaned, the case’s complexity, the case’s status in the litigation-process, the plaintiff’s likelihood of success in the claim, and the age of the case. After submitting your application, both you and your attorney will be contacted to discuss your case further and to address issues such as those previously identified.

Efforts will be expended to minimize risks with settlement funding, as is true in most situations in which money is advanced to an individual to pursue a specific goal. Failure to disclose previous funding frequently occurs. If an applicant has obtained previous funding, this is another factor that must be considered.

Frequently, both applicants and attorneys want to know how settlement funding will affect the judgment obtained. Many possibilities come to mind, and we will discuss the most likely scenarios.

Once the settlement loan is provided, your case may settle for more than expected. This result would produce both a larger award for the plaintiff and, in most instances, a higher fee for the attorney.

If you have obtained settlement funding and your case settles for exactly what you expected, neither your recovery nor the attorney’s fee will be affected. Your ability to obtain a settlement loan is that you are able see the claim through to completion, and the recovery is likely to be larger than may have otherwise been obtained if limited finances had forced you to settle prematurely.

Once lawsuit loans are provided, if the case settles for less than what was anticipated, all parties are likely to get less than they would have otherwise. However, the plaintiff was still able to hold out for the best likely option.

In the scenario in which you lose the case and there is no recovery, if you’ve obtained a lawsuit loan, you win! As a non-recourse instrument, settlement funding is only repaid if you obtain a recovery.

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