Frequently Asked Questions
Is Instant Legal Funds a bank?
No. Unlike a bank, Instant Legal Funds does not make loans. Instead, we provide non-recourse funding for plaintiffs involved in civil claims.
What is non-recourse funding?
It's a no risk cash advance against the potential proceeds of your pending legal claim or lawsuit. Simply put, if you lose your case you don't pay us back.
How much money can I get?
Depending on your current situation and value of your potential settlement, you could qualify for up to $500,000.
What types of cases do you cover?
We provide funding for a variety of civil claims, including personal injury, product liability, workers' compensation and medical malpractice. Please call or email us to determine if you qualify.
What is required to apply for a cash advance?
You must have a pending legal claim or lawsuit and be represented by an attorney. After you apply, you will need to notify your attorney as soon as possible to give them authorization to provide the information we need to process your request.
How much does it cost?
Applying is free, and we don't charge any origination costs or upfront fees like most lenders. Our Interest rate starts at as low as 2.99%. Just click here or call 1-866-927-1002 to get started.
Are there any implications of late payment or non-payment?
Instant Legal Funds cash advance is quite different than a lawsuit loan. A cash advance protects you better, as repayment is contingent on you, the client, receiving a judgment award or settlement. With a cash advance from us, if your case is lost, you owe us nothing. Lawsuit loans offered by other companies are unconditional and require repayment regardless of the outcome of your case.
If I'm currently unemployed or have bad credit, am I still eligible for funding?
Yes. Your employment status or credit situation do not matter. All we care about is the strength of your pending legal claim.
How long does the application process take?
It typically takes about two working days from the time we initially receive your request as well as all the information we need regarding your claim.
When do I get my money?
Once your application has been approved and the necessary documentation has been signed, you'll have your cash within 24 hours.
Is Instant Legal Funds involved in my case?
No. We only provide the funding that makes it possible for you to meet your living expenses while you pursue a just settlement. We leave the rest to your attorney.
What is your code of practice?
You can see details of our processes and how a cash advance works at www.instantlegalfunds.com/policy.htm
What if I have more questions?
You can call or e-mail us as often as you like. We'll get back to you with an answer in less than 24 hours.
We do not fund Workers Compensation Cases in the following states: California, North Carolina, Colorado, Idaho, Maine, Maryland, Wisconsin, New Jersey, Virginia, Illinois, Ohio, New York, Michigan, Missouri, Minnesota and Pennsylvania.
Funding is not available in the following states: Colorado, Illinois, Maryland, North Carolina and Missouri.