Lawsuit Loans Made Easy
- Get $500 – $500k in 24 hours
- Low, simple rates (no compounding)
- Repay $0 if you lose your case
How Lawsuit Loans Work
Apply online or call
All we need is some basic information about your case and contact information for you and your attorney.
We review your case
Provident’s friendly case managers work directly with your attorney to understand your claim.
You get cash in 24 hours
Once approved, we send you a contract. We often deliver funds within minutes of signing.
If you’re injured in an accident, it can be months or even years before you receive your settlement. If you’re out of work as a result of your injury, it can be tough to get by financially. That’s where lawsuit loans can help.
Applying Takes Less Than 5 Minutes
Your part of the process takes less than 5 minutes, We only need you and your attorney’s contact details to get started. Give us a call or apply online today to get started.
Get Cash Within An Hour Of Approval
Because we offer several delivery options, including direct deposit for major banks and MoneyGram or Western Union, can get you funds almost immediately after approval. Approval usually takes no more than a few hours after speaking with your lawyer.
Approval Is Fast And Easy
Because lawsuit loan companies only focus on the quality of your case, the review is fast and easy. While not possible in all cases, we strive to get most plaintiffs approved in less than 24 hours.
We Work Directly With Your Attorney
We work directly with your attorney to get you approved for lawsuit loans fast. Once you apply, we handle the rest. We’ll keep you updated at least daily.
What Types of Claims are Covered?
Auto accident loans are our specialty. We offer low rates and lightning-fast case review for a wide range of cases, from car and truck accidents to bike and pedestrian wrecks.
While some premises liability claims can be tricky to underwrite, our experienced staff can help you get some of the lowest rates around.
Personal injury loans are granted based on the quality of the case and repayment is contingent on your settlement. Learn more about personal injury loans here.
Cash advances for medical malpractice lawsuits can help pay medical bills during a drawn-out case.
Police brutality claims can take years to settle. Lawsuit loans for police brutality claims can help plaintiffs get the justice they deserve.
FELA accident loans help victims suffering from injuries while they wait for their negligence lawsuit to settle.
Why Choose Provident Lawsuit Loans?
No Upfront Charges
We never charge upfront out-of-pocket fees for a lawsuit loan. Our accident loan is only paid off by your attorney after your case settles. No monthly payments, no hassle, and no risk of repayment if your case is unsuccessful. It’s that simple!
Low Rate Guarantee
At other lawsuit funding companies, it can be tough to get a quote on what you’ll pay back before they collect a ton of information. That makes it tough for you to compare rates and get the best deal. We’ll give you a quote upfront for our lawsuit loans, on the first call.
Plaintiffs Come First
At other plaintiff funding companies, their “client” is the attorney or law firm you hired. At Provident, we think plaintiffs should have the power to shop around and find the best rate for their lawsuit loan — not go with whatever company is easiest for your attorney.
Direct Funder, Simple Rates
You want to avoid compounding interest or else you’ll end up paying more for the funding over time. Instead, we charge simple interest as low as 15% every six months. We are a direct pre-settlement lender based in California. Get cash without brokers! At Provident, we typically charge less than 5% of review and processing fees on lawsuit loans — much lower than most legal funding companies.
No Credit or Employment Checks
With pre-settlement legal funding, qualifying for an advance is easier because all that matters is the quality of your case. Your attorney repays us if and only if the case settles in your favor. If your claim is unsuccessful, neither you nor your attorney owes us anything for the lawsuit loan. That means we never need to check your credit or employment background history.
Lighting Fast Funding
After we receive some basic information from your attorney, we can complete our review in hours, not days. Our goal is to complete your lawsuit loan request within 24 hours. Once approved, you can access funds as soon as a few minutes. We offer direct deposit and MoneyGram (both nearly instantaneous), Western Union, wire transfers, and overnight check delivery — whichever delivery method is best for you
Costs of Pre Settlement Lawsuit Loans
Lawsuit loans can be a life-saver, but some lawsuit loan companies will charge you an arm and a leg for the money. It’s important to do your homework and compare rates from several pre-settlement lawsuit loan companies before accepting any funding offer.
SOME legal funding companies charge huge upfront fees – look out for any fees greater than 10% of your advance. Some legal funding companies will charge 30% or even 40% in fees. Fees accrue interest as well and can inflate your lawsuit loan fast. Provident typically charges less than 5% of review and processing fees.
MOST lawsuit funding companies charge compound interest – if at all possible, avoid compounding interest. Compound interest means you get charged interest on top of interest. That means you end up paying more for the funding over time. Provident Lawsuit Loans charges simple interest on most general personal injury claims.
SOME lawsuit loan companies are brokers – always ask if a funding company is a broker or a direct funder. Not all brokers are bad, but remember that you are paying for their services, and typically with interest. Some brokers charge more than 20% in origination fees. Provident Lawsuit Loans is a direct pre-settlement funding company in most of the United States.
Lawsuit Loans vs. Real Loans
What’s the difference between a lawsuit loan and any other personal loan? Why is there a need for this specialized financing when one could just get a generic loan? It comes down to three major factors:
A key difference between lawsuit loans and real loans is lawsuit loan repayment is contingent upon the success of your personal injury claim. That means that if you don’t win your case, you owe us nothing.
While most funding requests take 24 to 48 hours to process, Provident often is able to get plaintiffs funding in a matter of hours, not days. This is possible only with your attorney’s same-day response to our questionnaire and their availability to briefly discuss the case.
Unlike most pre-settlement funding companies, we offer several delivery options that take minutes to process, so we can get you funding within an hour of approval and signing.
Because the pre-settlement funding company only cares about the quality of your lawsuit, legal funding approval is easier than qualifying for most real loans.
Pre-settlement funding or lawsuit loans only require a few brief moments of your attorneys’ time to process. Ask our reps about expediting your request, and with your attorney’s help, we can get you funding the same day.
No Credit or Employment Checks
No hassle approval process with no employment or good credit required. All that matters for pre-settlement funding is the quality of your personal injury case.
How Lawsuit Loans Empower Injured Plaintiffs
Where attorneys in most legal fields charge by the hour or are on retainer, personal injury attorneys work on contingency. The reason for this is to level the playing field between injured plaintiffs and large, legally sophisticated defendants.
But a lawyer is not the only expense a plaintiff has, especially with personal injury cases. You may have to cover medical expenses or living expenses while waiting for your settlement
If you’re injured and out of work, you may be tempted to settle early for a smaller sum of money. An emergency fund can help get you through a few months, but can only go so far.
Insurance companies know this, and they tend to intentionally drag-out cases in favor of pushing the plaintiff towards a quicker, but smaller settlement.
Lawsuit loans can help give plaintiffs the breathing room and financial wherewithal to see a personal injury claim through to a favorable resolution. All lawsuit loans from reputable lawsuit funding companies come with no-win / no-pay contingency. That means that you can use a lawsuit loan as a risk-free tool on your way to settlement.
Lawsuit Loan FAQs
Pre-settlement funding is an advance on your pending legal claim. It can help give plaintiffs breathing room and the financial wherewithal to see a personal injury claim through to a favorable resolution. All pre-settlement funds from reputable companies come with no-win / no-pay contingency. That means that you can use a lawsuit loan as a risk-free tool on your way to settlement.
No. Our cash advance is based “on contingency,” which means that Provident’s funding isn’t technically considered a loan — even though that’s the term the industry uses. If your car accident or personal injury lawsuit is not successful, you won’t have to pay us a penny. This differs from loans where a sum of money is borrowed and is expected to be paid back with interest.
Give our reps a call at (800) 908-6860 and tell us a little about your case to get an instant legal funding quote.
For most general personal injury cases, we can approve your case within minutes of speaking with your attorney and receiving basic documentation. Depending on your selected method of funds delivery — wire, check, MoneyGram, or direct deposit (major financial institutions only) — funding can be made available within as little as one hour after approval.
This is an important question. Different case types often come with different rates. Provident Lawsuit Loans offers some of the lowest rates in the industry – as low as 15% simple interest every six months. Our lowest rate guarantee means that we will meet or beat any competing funding company’s contract. Contact us and tell us a little about your case to get an instant accident loan quote.
Just like most personal injury attorneys, our lawsuit funding is based on contingency. That means you don’t owe us a penny unless you win your case. If you take out an accident loan and lose your case, neither you nor your attorney owes us anything. You get to keep the cash for free!
The maximum funding you can qualify for is 15% of the expected value of your claim. For example, if you have a $100,000 claim, you can qualify for up to $15,000 in funding. If you have a $10,000 claim, you can qualify for up to $1,500 in funding.
Understanding whether you qualify for funding is simple:
You must have an attorney, hired on a contingency basis. That attorney must also control settlement proceeds in a trust account. This is the case for most personal injury plaintiffs with attorneys.
You must be pursuing a claim against an insured party. The at-fault party can also be self-insured, like the city or state and some large corporations.
You must have a valid legal claim with documented liability. Our underwriters like to have some clear indication of how you were injured.
Loan approval depends on the strength of your case. The stronger your personal injury or car accident claim, the more likely you will be approved.
To calculate how much funding you qualify for, Provident’s underwriting team will estimate the value of your claim. We don’t care about credit or employment – all we care about is liability, damages, and coverage to get you approved.
Is the defendant liable? In order for a case to be successful, the opposing party must be responsible for a plaintiff’s damages. Usually, funding companies look to a traffic accident report, incident report, or witness statements to review liability.
What are the damages? Depending on the stage of your case, and the amount you’re requesting, loan companies may want to see medical records that show your injuries. This helps us understand the total value of your case, and what expenses have been taken “on lien.”
How much liability coverage do they have? In most cases, insurance policy limits are assumed to be a maximum to your lawsuit’s value. If policy limits are unknown, funding companies usually have to assume the relevant state minimum unless the offending party has commercial liability insurance.
We are happy to provide direct deposits for major national banks. We can also send wires, checks, and work with a variety of different providers including Western Union and MoneyGram for nearly instant cash delivery.
Personal injury, premises liability, slip and fall claims, FELA lawsuits, police brutality, medical malpractice, construction accidents, assault and battery cases, car accidents, truck accidents, bus accidents, bike accidents, pedestrian accidents, and motorcycle accidents. We can consider any type of personal injury case.
That’s always a possibility and it’s the risk we take at Provident. If you lose your case, then you are not required to pay back anything.
Unfortunately, we cannot approve any claim for funding unless the plaintiff is represented by legal counsel.