Where to Find the Best Deals in Legal Finance

Legal finance has many benefits – as well as a few disadvantages – versus a conventional bank loan or bank line of credit. If you do not have savings or retirement funds you can access, and you need to borrow money to cover you expenses until your lawsuit settles, then legal finance and conventional bank finance are the only to choices left to you.

Legal Finance

• Relatively easy to qualify for a legal finance advance
• No credit check
• No employment verification
• No application or processing fees or any other up-front charges
• No monthly payments while your lawsuit works its way through the legal system.
• Your legal finance advance is repaid from the proceeds of your lawsuit.
• Should you lose, you keep the money, and you owe the legal finance company nothing!
• Legal finance advances are more expensive than bank loans.

Bank Loan

• More difficult than ever to qualify for a bank loan
• Bank will check you credit and require a high credit score.
• Bank will require proof of employment.
• Bank may charge an application or processing fee.
• You will have to start making monthly payments immediately!
• Your loan is repaid by you over the term of the loan in monthly installments.
• Should you lose, you still owe the money and must make the payments, or the bank will act aggressively to collect the money it is owed!
• If you qualify, a bank loan will be cheaper than a legal finance advance.