In order to approve an advance, we have a team of underwriters that determine the value of your case based on information provided by your attorney. Underwriting requires documentation supporting the following case criteria:
Below you will find examples of the materials requested to underwrite these advances. We ask that you please work with your attorney to collect the appropriate documentation in order to expedite the process.
Once all documentation has been verified and underwriting has granted an approval, our non-recourse advance financial firm partners will then advance funds up to 15% of the estimated value of the pending lawsuit with a minimum of $500 and a maximum of $100,000. (Requests for more than $100,000 are considered on a case-by-case basis.)
To ensure repayment of the non-recourse advance, our partner’s legal councel will prepare a “Funding Agreement” which will be executed by both you and your attorney. This agreement places an assignment and security-lien on the future proceeds of the lawsuit which your attorney will acknowledge and satisfy through settlement, trial, or any other means. Additionally, this agreement will illustrate the repayment terms and conditions that you and your attorney agree to abide by. In most instances, once all the documentation has been properly executed, the advance can occur within 24 hours with the cooperation of all parties involved.
An advance by our partners is considered non-recourse, meaning if you lose your case, you owe nothing. Additionally, there are no payments due while your case is outstanding. The only time you are responsible for satisfying your advance is either when you receive a settlement or win your case.