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Many individuals call these types of transactions lawsuit loans. These transactions are a cash advance based upon the merits of a lawsuit that provides a plaintiff with sufficient funding to reach the conclusion of the case when the plaintiff will receive his/her fair share of the settlement or verdict.

The plaintiff’s prior credit or bankruptcy status does not affect Lawsuit loans. Lawsuit financing companies give non-recourse funding to plaintiffs thus requiring the plaintiff to pay back the advance and fees/interest only if there is favorable judgment or award in the case. If the plaintiff loses the case then the cash advance is kept by the plaintiff with no obligation. Therefore, a lawsuit loan is not loan but rather a pre-settlement cash advance commonly known as litigation funding, litigation finance, litigation loan, litigation cash advance, lawsuit funding, lawsuit cash advance, lawsuit financing, case loan, plaintiff cash advance, pre-settlement loan, and pre-settlement lending. There are numerous types of Lawsuit funding companies.