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Mary Chepak and Family. Lawsuit Loans. A lawsuit loan (also called a lawsuit cash advance, litigation financing, lawsuit funding, and settlement funding) is a cash advance against a future lawsuit judgment or settlement award. If you are in the middle of a personal injury lawsuit and need personal loans for business use, you may be able to get a lawsuit loan -- an advance against any future lawsuit settlement or award amount.
These advances are known by many different names, including: lawsuit loans lawsuit cash advances litigation financing lawsuit funding, and settlement funding. But tread carefully before you jump at lawsuit funding. Borrowing against a future settlement or judgment can help you deal with short-term financial hurdles but may cost you a lot of money in the long run.
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