You know that getting a cash advance against a pending lawsuit settlement is not a decision to be taken lightly. That’s why you’re searching for the very best settlement funding company.
Make no mistake: Nova Legal Funding is a pre-settlement funding company, and we want your business. But even more than that, we want you to make sure you have the information you need to choose a funder who is deserving of your business.
That’s why we’ve conducted research on 25 of the most popular legal funding companies in order to present you with facts that will help you determine the best company for you. The companies listed below were analyzed against three key indicators:
- Years in business;
- Number of online reviews, and;
- The aggregate star rating of those reviews (out of 5).
Based on this assessment, we then categorized each settlement funding company into three tiers:
- Tier 1 Funders – These companies have scored between 9.0 and 10.0 in our study. These companies have been in business for at least 3 years, have at least 100 online reviews, and have an aggregate star rating of at least 4.5.
- Tier 2 Funders – These companies have scored between 7.0 and 8.9 in our study. These are companies that have fallen short in one of the categories above (ie. less than 3 years in business, less than 100 online reviews, less than 4.5-star rating).
- Tier 3 Funders – These companies have scored between 5.0 and 6.9 in our study. These companies generally have a small number of total online reviews and/or a sub-4.0 star rating.
To learn more about our methodology for ranking the best legal funding companies click here.
NOTE: This information is not a substitute for seeking advice from your lawyer about whether a lawsuit loan is right for you. Before applying with a pre-settlement loan company, talk to your attorney about all of your options. You should never sign any paperwork from a lawsuit loan company without reviewing it with help from your attorney and making sure that all of your questions about the pre-settlement loan process are answered. This guide was prepared by and is an advertisement for Nova Legal Funding.
The 10 Best Lawsuit Loan Companies
Here is a quick look at the 10 best legal funding companies on our list:
- Nova Legal Funding – 536 reviews, 4.6/5 rating
- High Rise Financial – 799 reviews, 4.7/5 rating
- Peachtree Financial Solutions – 207 reviews, 4.9/5 rating
- Baker Street Funding – 101 reviews, 4.8/5 rating
- Uplift Legal Funding – 100 reviews, 4.8/5 rating
- Legal Capital Corp – 53 reviews, 4.9/5 rating
- Express Legal Funding – 112 reviews, 4.8/5 rating
- Momentum Funding – 130 reviews, 4.0/5 rating
- Pinnacle Legal Funding – 13 reviews, 5.0/5 rating
- Cherokee Funding – 79 reviews, 3.7/5 rating
And now, here are our complete rankings of the 25 best lawsuit loan companies in 2023.
Top 25 Legal Funding Companies Ranked
Nova Legal Funding
Nova Legal Funding is a pre-settlement loan company based in Los Angeles, California. Since our inception we have been at the forefront of the burgeoning settlement funding industry. Our founder Ron Sinai has served as an expect commentator for outlets like the New York Times, the BBC, and Forbes. We believe we have earned our place among the best lawsuit loan companies in the nation based on thousands of positive reviews from our clients and our industry-advancing thought leadership.
High Rise Financial
High Rise Financial is a California-based pre-settlement loan company that works with plaintiffs in personal injury lawsuits. High Rise Financial also facilitates surgery funding, also known as “on-lien” or lien-based medical care. High Rise Financial offers funds to approved plaintiffs within 24 hours of approval. Although the company does not disclose its interest rate percentage on its website, High Rise Financial states that it does not apply compound interest to its pre-settlement loans.
Peachtree Financial Solutions
Peachtree Financial Solutions is a Pennsylvania-based company that offers pre-settlement funding. Founded in 1996 and subsequently acquired by J.G. Wentworth, Peachtree Financial Solutions offers no-recourse legal funding to plaintiffs. Peachtree Financial Solutions bases its interest rates on pre-settlement advances on the strength of each case. It offers successful applicants funds within as little as 48 hours of approval. Peachtree Financial offers other services in addition to pre-settlement loans, such as structured settlements, lottery payments, and annuity payments.
Uplift Legal Funding
In 2017, Jared Stern established Uplift Legal Funding with the aim of revolutionizing the conventional lawsuit loan process. The company strives to deliver excellent service, rapid processing, and affordable rates. They extend financial assistance to plaintiffs in the form of lawsuit loans, which offer unrestricted spending without any obligations attached. However, they encourage our clients to only borrow the necessary amount to cover their living or medical costs.
Baker Street Funding
Baker Street Funding’s our primary objective is to deliver tailored financial solutions to both plaintiffs and attorneys to enable them to take charge of their finances swiftly. As one of the leading legal funding companies in the industry, they provide fast and efficient services to every client, regardless of the size of their case.
Legal Capital Corp
Legal Capital Corp has been dedicated to its mission since 2000, which is to offer accessible and reasonably priced pre-settlement cash advances to injury victims who are awaiting the outcome of their lawsuit. With expertise and ample resources, they expedite the process of acquiring funding to alleviate victim’s financial difficulties during their most pressing times.
Express Legal Funding
Express Legal Funding is a pre-settlement funding company located in Plano, Texas that offers financial support to plaintiffs who have suffered injuries or damages during the claim and lawsuit procedure. Their clients use legal funding to cover unexpected expenses and the cost of living during the legal proceedings.
Based in Florida, Momentum Funding is a pre-settlement loan company that works with plaintiffs in a wide variety of lawsuits. In addition to pre-settlement loans, Momentum Funding offers a transportation concierge service and advances on medical procedures. Momentum Funding does not provide information about its pre-settlement loan interest rates on its website. Momentum Funding offers cash to approved applicants within 24 hours of approval.
Pinnacle Legal Funding
Pinnacle Legal Funding was founded on the fundamental belief that life doesn’t pause while your lawsuit is pending settlement. Plaintiffs continue to face their everyday expenses, coupled with additional financial burdens such as medical bills, repairs, specialized therapies, and assistance – all arising from an unforeseen and undeserved situation.
Headquartered in Atlanta, GA, Cherokee Funding is a comprehensive direct funding company that was established in 2011 in response to the requests of multiple doctors and plaintiff attorneys who sought a reliable and completely ethical funding option for their clients. With over 100 years of collective experience in the industry, their team takes pride in offering unparalleled customer service and maintaining an impeccable reputation in the legal funding sector.
Fast Funds claims to have designed a funding program that is the most straightforward and equitable in the non-recourse funding industry. They do not charge any upfront fees, and they do not impose interest on the amount advanced, regardless of how long it takes to resolve the case. Their approach involves purchasing a tiny fraction of the anticipated proceeds of recovery.
US Direct Advance
US Direct Advance is a prominent player in the pre-settlement funding of personal injury and other types of pending cases. The company’s principals have invested tens of millions of dollars in pending litigation since 2002. With a team of highly skilled attorneys, they have the expertise to approve your application swiftly and efficiently.
Tribeca Lawsuit Loans
Tribeca Lawsuit Loans is based in Los Angeles, California, with a nationwide reach. Their team operates across the United States and provides settlement loans to plaintiffs from all regions, including Eastern, Western, Central, and Southern states. Regardless of your location, they are committed to assisting you in obtaining your funding as swiftly as possible.
In 2002, Glofin Funding was established with a straightforward yet essential objective. They ought to identify an effective solution for personal injury victims who were grappling with mounting financial pressures while stuck in legal limbo. Having witnessed firsthand the financial strain that their clients experienced as they awaited settlement, they were determined to offer a solution that could help them provide for themselves and their loved ones.
Preferred Capital Funding
Preferred Capital Funding is a trailblazer in the field of lawsuit funding, having been the first provider of such services in the nation. With over 20 years of experience, they have developed a strong following of attorney referrals who trust and rely on them. The company is owned and managed by attorneys who understand the needs of plaintiffs and advocates, and they strive to meet those needs with our services. They recognize that lawsuits can take time, and that good attorneys move with care, which is why they offer a range of funding options to accommodate various circumstances.
Oasis Financial is a pre-settlement loan company founded in 1996. Oasis Financial is based in Rosemont, Illinois. Oasis Financial finances a variety of legal cases but specializes in personal injury cases such as auto accident lawsuits, premises liability lawsuits, and other injuries. Oasis Financial does not offer information about its pre-settlement funding interest rates on its website, and instead provides this information to applicants only after approval. In addition to its pre-settlement funding business, affiliates of Oasis Financial offer medical lien solutions and a pharmacy card program
Delta Lawsuit Loans
Delta Lawsuit Loans is dedicated to expediting the process of getting pre-settlement funding to plaintiffs who have suffered injuries through no fault of their own. Their primary mission is to help ease the financial burden that plaintiffs experience during the long wait for a settlement, and they do this by providing quick and efficient funding solutions. They understand that unexpected accidents can be financially devastating, which is why they aim to provide fast and reliable funding to our clients.
Bridgeway Legal Funding
Bridgeway Legal Funding specializes in offering non-recourse cash advances to plaintiffs who are involved in personal injury lawsuits. With their funding program, you are not required to pay back the advance if your case is unsuccessful. Their quick and easy application process ensures that you can receive your advance within as little as 24 hours after contacting them. They understand that legal proceedings can be lengthy and expensive, which is why they strive to provide plaintiffs with the financial support they need during this challenging time.
Direct Legal Funding
Direct Legal Funding is a comprehensive source for lawsuit loans, settlement loans, and cash advances. They prioritize quick processing times and customer satisfaction while providing transparent communication throughout the funding process.
At CaseAdvance©, they understand that waiting for a personal injury claim to settle can be financially challenging, even when the claim is well-founded. Their experience with past clients who faced this struggle inspired them to create a fast, efficient, and cost-effective solution. They provide cash advances to personal injury clients who need financial support during the settlement process.
Legal Bay Lawsuit Funding
Legal Bay Lawsuit Funding is a full-service legal funding company with over 25 years of combined industry experience. They specialize in funding every type of civil lawsuit and have a large internal and external support team. The company was founded with a mission to provide the best customer service industry-wide.
LawCash offers several financial assistance programs designed to provide immediate support to plaintiffs. These programs include lawsuit funding, which provides a cash advance to plaintiffs during the litigation process, surgical financing, which helps cover medical expenses related to the plaintiff’s case, and settled case funding, which provides immediate cash to plaintiffs whose cases have already been settled but are awaiting payment.
National Lawsuit Funding
National Lawsuit Funding has been a top choice for plaintiffs seeking hassle-free and speedy lawsuit advances since 2001. They specialize in funding motor vehicle and slip & fall cases in various states by evaluating the case’s value through consultations with both the client and attorney.
Money First Funding
Money First Funding is a legal funding company that was established by a personal injury lawyer and a former chiropractic physician. Their main goal is to advocate for our clients and improve the lives of those who have suffered injuries. With their extensive knowledge of the local courts in Las Vegas, they can help you navigate the legal system and maximize your chances of success. They prioritize open communication and transparency and make ourselves easily accessible to our clients.
Our Ranking Methodology Explained
To formulate our initial list of 25 lawsuit funding companies to examine we conducted web searches for a variety of terms related to settlement funding and selected companies that frequently ranked within the first two pages of search engine results.
We then conducted research on each of the 25 companies to collect the following data:
- Number of years the company has been in operation
- Total online reviews between Google, Facebook, Yelp, and BBB
- Aggregate rating of online reviews out of 5 star
We then used this data to assign each company a rating out of 10. The following methodology was used to create this rating:
Years in Business
- 3.3 points were given if the company has been in business for 3 or more years.
- 3.0 points were given if the company has been in business for less than 3 years.
Number of Online Reviews
- 3.3 points were given if the company has over 500 online reviews
- 3.0 points were given if the company has over 100 reviews but less than 500
- 2 points were given if the company has over 50 reviews but less than 100
- 1 point was given if the company has fewer than 50 reviews.
Aggregate Rating of Online Reviews
- 3.3 points were given if the company has a 5.0 aggregate star rating.
- 0.1 points were deducted for each 0.1 aggregate star rating under 5.0. For example, if the aggregate star rating is 4.0, the company is given 2.3 points
The points for these three categories were totaled to calculate the overall rating out of 10. Then the companies were placed into tiers based on their overall rating:
- Tier 1 Companies: 9.0 – 10.0 Total Rating
- Tier 2 Companies: 7.0 – 8.9 Total Rating
- Tier 3 Companies: 5.0 – 6.9 Total Rating
If you have any questions about our ranking methodology please don’t hesitate to reach out to us for clarification.
10 Reasons to Choose Nova Legal Funding
Obviously, we are biased. But we also genuinely believe that we are your best option for a lawsuit loan provider. Why? Because being the best is the goal we’ve worked toward every day for the past decade.
Here are 10 reasons why we think you should consider us first when looking for the best lawsuit funding company.
- We have over 500 positive reviews
- We have been around for over 7 years
- We offer the lowest rates in the industry
- We work hard to make the process easy for you
- We speak lawyer
- We are transparent and honest
- We balance speed with thoroughness
- We are industry thought leaders
- We are human
- We believe that what we do matters
1. We have over 500 positive reviews
That doesn’t happen by accident, and it doesn’t happen overnight. We work hard to deliver a positive, efficient experience to each and every client. We encourage you to check out what our clients say about us on Google and Trustpilot.
2. We have been around for over 7 years
Settlement funding is still a relatively young industry, and new lawsuit funding companies are popping up every day. When you choose Nova you can be confident knowing that we’ve been around the block, and we are here to stay.
3. We offer the lowest rates in the industry
At the end of the day, we want you to keep as much of your settlement as possible. That’s why we offer the lowest rates in the industry. To see what we can save you compared to other funding companies, check out our lawsuit loan calculator.
4. We work hard to make the process easy for you
People come to us because they have too much on their plate already, which is why we take seriously our duty to make this process simple for you. That means clear communication, fast follow-up, and complete transparency.
5. We speak lawyer
To get a pre-settlement loan, you need to have an attorney representing you. We know how to communicate with your attorney in order to move the process along and ensure that everyone is comfortable with moving forward.
6. We are transparent and honest
Businesses that aren’t don’t tend to last as long as we have, or to have the track record we do. We value long-term thinking which means never compromising our values of being honest, and transparent with our clients.
7. We balance speed with thoroughness
We know that you need cash fast. But we also recognize that no one benefits from sacrificing diligence for speed. We balance these two interests to ensure the best outcome for us and for you.
8. We are industry thought leaders
Our founder Ron Sinai has been interviewed by The New York Times, Forbes, BBC, and more. When you choose Nova for your lawsuit loan, you are choosing to work with industry thought leaders.
9. We are human
We are not a nameless, faceless corporation. When you contact Nova Legal Funding you will speak with a human. You will know their name, and they will know yours.
10. We believe that what we do matters
Life is short and it’s about more than making money. We are in the business of helping people who need help. It’s what drives every decision we make, and we wouldn’t have it any other way.
5 Tips to Find the Best Lawsuit Loan Company
The pre-settlement funding company you choose will have an impact on the total amount of money you receive at the conclusion of your lawsuit. Because of this, it’s very important to do your research into potential lenders and think carefully about whether a company is a right fit for you and your case. Here are the most important criteria to consider when searching for a pre-settlement loan company.
- How the pre-settlement loan company sets interest on advances.
- The interest rate percentage charged on the pre-settlement advance.
- Whether the terms and conditions of the lawsuit loan is easy to understand.
- How the pre-settlement loan company works with your lawyer.
- How quickly the pre-settlement advance will be available to you.
- Whether your state allows settlement funding companies to operate.
1. How the pre-settlement loan company sets interest on advances.
The best pre-settlement loan companies evaluate clients on a case-by-case basis and set their interest rates on the strength of each case. A reputable lawsuit funding company will want to talk to both you and your lawyer to gather information about your legal claims and the likelihood that your case will result in a favorable settlement or verdict. If possible, do not work with a lawsuit funding company that charges the same interest rates to all of its customers. Only work with a pre-settlement funding company that varies its rates based on a principled approach to case evaluation.
2. The interest rate percentage charged on the pre-settlement advance.
You should have a clear understanding of the interest rate on a pre-settlement loan before you sign any paperwork. Once a pre-settlement loan company is done evaluating and underwriting your case, you need to ask what your monthly (or fixed) interest rate will be. If a company sets a rate above 3.5%, you are probably being charged too much on your pre-settlement advance. Look for a company with low-interest rates that are simple to understand.
3. Whether the terms and conditions of the lawsuit loan is easy to understand.
The process of filing a lawsuit can be very overwhelming, and most reputable pre-settlement advance companies understand this. You should look for a company that offers clear and concise terms and conditions for its loans and is willing to answer any questions you may have about the pre-settlement funding process. As with any consumer financial product, you will need to sign paperwork before receiving any funds. Make sure that you can understand the documents before you sign them, and never work with a pre-settlement loan company that won’t answer your questions about their terms and conditions.
4. How the pre-settlement loan company works with your lawyer.
Before you can obtain a pre-settlement loan, you must be represented by a lawyer who has filed a lawsuit on your behalf in state or federal court. Any reputable pre-settlement loan company will ask to speak with your lawyer about your case. Your lawyer will need to cooperate with the pre-settlement funding company in order to complete the case evaluation and underwriting process. You should select a pre-settlement loan company that cooperates with your lawyer and with which your lawyer is comfortable working.
5. How quickly the pre-settlement advance will be available to you.
The process of filing a lawsuit is stressful and many plaintiffs need financial relief while their case is pending. A trustworthy pre-settlement loan company will transfer the funds to you in as little as 24 hours once your case is approved and you sign the necessary paperwork. Before you select a pre-settlement loan company, make sure that you understand how long it will take to get the money so that you can plan accordingly.
6. Whether your state allows settlement funding companies to operate.
We are able to provide lawsuit funding to plaintiffs in all states except for Arizona, Arkansas, Colorado, Illinois, Indiana, Maryland, Minnesota, Nevada, South Carolina, Tennessee, and West Virginia. Here are some of the most popular states for lawsuit funding companies:
- Alabama Settlement Funding Company
- California Settlement Funding Company
- Georgia Settlement Funding Company
- Louisiana Settlement Funding Company
- Massachusetts Settlement Funding Company
- Michigan Settlement Funding Company
- Minnesota Settlement Funding Company
- Missouri Settlement Funding Company
- New Jersey Settlement Funding Company
Apply for Pre-Settlement Cash from Nova Legal Funding
No credit checks, zero up-front fees, and completely risk-free. When it comes to applying for fair and risk-free lawsuit funding, Nova Legal Funding is your best option.
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