How to Find Help With Legal Finances

Finances are a heavy concern when going through a legal battle. How are you going to pay your lawyer? Will you be able to pay your bills? How are you going to support your family? That’s where lawsuit funding comes in.

Legal funding is a non-recourse loan used to help you pay for expenses incurred during a lawsuit. It may cover attorney fees, medical bills, expert witness fees, court charges, and even living expenses. But how do you find help with legal finances? This post guides you through the process of gaining legal financing.

Getting Help With Legal Finances: Lawsuit Funding Companies

One of the best ways to find legal financing is to work with a legal funding company. Their range of services includes:

  •  Pre-settlement funding
  •  Post-settlement funding
  •  Litigation financing

Lawsuit financing companies give you a lump sum in exchange for a percentage of the final settlement. They also collaborate with attorneys and law firms to find the best possible funding solution for each case.

Legal funding companies are a quick way to get the money you need to cover your expenses during the litigation period. They also act as consultants, providing information such as:

  •  How much money can you expect from your settlement claim
  •  The amount of interest they charge on top of the case advance payment

Financing is based on the merits of each case. Applicants don’t also require a credit check or collateral. When the case is settled or won, the advance is paid back in one lump sum.

Applying For Lawsuit Funding

You can apply for legal finance in-office or online. Here’s how:

Step 1: Fill out the application form. You’ll provide basic information such as:

  •  The particulars of your claim – Most lawsuit lenders prefer straightforward cases, such as injury suits, because they’re likely to get resolved in less time.
  •  The amount of money you need vs. your case’s estimated value – This helps determine how much you can expect to receive in legal funding.
  •  The timeline for your case – The time it will take to settle or go to trial. Financing services require that claims be resolved within a certain amount of time.

Step 2: Submit and wait for a representative from the lending company to contact you. They ask several questions to determine your eligibility for financing.

Step 3: Once approved, the funds are disbursed into an account of your choice.

How to Find the Right Legal Finance Company

Finding the right legal finance company to work with could be tasking. There are several out there who all claim to be the best. How can you tell which one is right for you?

To find the best lawsuit funding company for your needs, consider factors such as:

  •  Credibility – the company must be licensed
  •  Reputation – What are people saying about them?
  •  The repayment terms
  •  What are the interest rates?
  •  Are there other fees associated with the funding?
  •  What happens if you lose your case?

Conduct extensive research to find a lawsuit finance provider located near you. Reviews and customer testimonials are viable sources of recommendations.

Other Sources of Financial Help for Legal Cases

Traditional Loans

Traditional loans are another option, but most banks and lending institutions are unwilling to lend out money for lawsuits. Most require collateral for the loan and impose strict credit standards. They also need you to make on-time installments.

Government Agencies and Non-Profit Organizations

The Department of Justice offers federal funding for some legal cases. They also connect low-income people to free legal assistance through pro bono legal service providers.

Several non-profit organizations provide legal aid to low-income individuals who cannot afford to pay for their cases. Some are operated by the government, while others are privately funded. The best way to find a non-profit legal aid organization is by contacting your local bar association.


Crowdfunding platforms are another go-to. They enable you to solicit donations from friends, family members, and strangers who want to help with your case. It requires you to share your story and financial situation with many people, which may not be ideal if you’re trying to keep your issue private.

Get the Help You Need

People facing a lawsuit may feel overwhelmed by the financial burden of legal costs. They may not know how to get help with funding their case. Lawsuit funding helps take the pressure off and gives you the financial security you need to focus on your case.

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