Frequently Asked Questions 

What is presettlement funding?
Presettlement funding is a cash advance of expected settlement funds for plaintiffs who have a pending personal injury lawsuit.

Is presettlement funding legal?
Yes, presettlement cash advances are legal. Lighthouse Lawsuit Financing is a licensed California corporation that carefully observes all applicable laws. See ethics and legal opinion.

Is presettlement funding a loan?
Presettlement funding cash advances are different than loans and lines of credit, because they are ‘non-recourse’. To put simply, this means if you lose your case, you do not pay back your funds. Lighthouse Lawsuit Financing invests in the value of your case and assumes all risk that your case will be successful. 

Will the defendant know about my presettlement advance?
No. You, your own attorney, and Lighthouse Lawsuit Financing are the only parties who will be aware of your presettlement funding cash advance.

How much can I borrow?
Lighthouse Lawsuit Financing offers presettlement cash advances in any amount between $500 and $500,000.

Do I qualify for presettlement funding if I have bad credit or am unemployed?
Credit history and employment status are not factors in determining eligibility for presettlement funding.

Do I have to make monthly payments?
No. You do not have to pay until your case is settled. Lighthouse Lawsuit Financing will be paid with a portion of your funds when your case is resolved.

What types of cases qualify?
Lighthouse Lawsuit Financing provides presettlement cash advances for all types of injury and wrongful death cases. See types of personal injury claims.

What does it cost?
Once your application has been approved, you will be provided with a clear and straightforward fee schedule.

How can presettlement funding help a plaintiff get a higher settlement?
Insurance companies and defendants usually attempt to settle claims early by offering plaintiffs low amounts that are much less than what a claim is actually worth. If you need cash now, a presettlement advance will let your attorney take the necessary time to work on getting you the highest possible settlement, while allowing you to take care of your financial needs now.

What if I lose my case?
If you lose your case, you will not owe Lighthouse Lawsuit Financing anything.

How do I apply?
You can get started by filling out our short application or by calling (800) 943-1595. Once your presettlement advance is approved, we will wire funds or issue a check immediately. If you do not win your case, you will not have to repay your cash advance.

Start your free application

Attorney Information