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No Win, No Pay

Pay nothing unless you win your case.

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Quick & Easy Process

It's fast, and smooth.

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Low Rates

We are competitive and offer low rates.

Honest + Transparent Settlement Loans

We're in the business of helping people

At Delancey Street, we take joy in the fact we help plaintiffs get funds when they need them the most. We work with you and your attorney, and cut right to the chase. Once we get contacted, we get to work and can get you funds in as little as 24 hours.

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1-800-928-0233

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LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Founding Partner (Zooomr Car Leasing)
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would and helped my...

Steven Goldman

Founding Partner (Goldman & Associates
Chicago Lawyer)

Types of Cases We Fund

We fund a wide array of cases

Personal Injury Lawsuits
Premise Liability Claims
Civil Litigation
Pre-settlement Funding

How Do I Qualify For Settlement Loans

Qualifying for a settlement loan depends on a few factors

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Strength of case and quality

2.

How long the case has been running

3.

How cooperative your attorney is


How can you get approved for lawsuit funding?

Delancey Street’s concierge team reviews every application. Depending on the type, and strength of the case – either we fund your case directly, or we allow other lenders in our marketplace to lend on it. In order to get started, you can call or email us today to start. Injured plaintiffs often have to settle quickly, for smaller amounts of money. At Delancey Street, we help plaintiffs avoid that. We help you get enough funding, by either funding it ourselves, or aligning you with a lender in our marketplace who is better qualified.

Because no two cases are alike, Delancey Street tries its best to make sure you’re matched with the right lender. Our team works with your attorney to get all the case documentation, and to see if you qualify for pre-settlement funding/lawsuit funding. Generally the higher the value of the case – the more funding you can qualify for.

We work with your lawyer

Delancey Street can only fund you if your attorney cooperates and sends over the relevant documents. The faster your attorney works with our team, the quicker we can get you an offer for lawsuit funding.

Lawsuits take forever to settle, no matter how simple or clear the negligence is. Getting lawsuit funding can help you bridge your finances to when the case is settled/won in court. Our service helps regain control when you can’t get money from anywhere else. The funds we provide aren’t a loan – they are a cash advance – you only repay the funds if you win your case. We get paid the same way most attorneys get paid – when the case is won. If for any reason the case falls through, you keep the money we gave you.

Pursuing a case can be a long process, and can take months, or years, before settling. In some instances, even if you win the case – the opposing party can appeal it, and cause even more delays. While you wait for the pending lawsuit to settle, bills and living expenses start to accumulate, and you’ve still got no money in hand! Even when you’re confident you’ll get the settlement funds, it can take time to get them – which adds more stress on your personal situation. That’s where a company like Delancey Street can help! We provide pre-settlement funding, in the form of lawsuit funding. This essentially gives you a cash advance on the future compensation you’re expecting to get from your claim.

If you need money before the claim settles in order to handle your bills, and living expenses, then pre-settlement funding is a GREAT way to get cash fast.

Pre-settlement funding can provide you with the cash you need while you wait for the settlement, no matter the size. If you are unable to work, due to your accident, then it can be difficult to keep up with your living expenses. Cash from a lawsuit loan isn’t technically a loan. Many people call it a “loan,” for lack of a better term – it’s technically a cash advance.

Most companies offering pre-settlement funding give you funds as an estimated % of your final settlement. Typically, pre-settlement funding companies will give you 15-20% of the total estimated value of your final settlement.

 

Litigating personal injury or other cases can be costly, especially for complex claims that are pitted against deep-pocketed defendants. From investing in these cases to covering the costs of your law firm’s day-to-day operations, your financial resources can rapidly decrease, making it difficult to pursue your clients’ claims to the extent they deserve.

When attorneys and law firms find themselves in this situation, they can rely on Delancey Street to provide them with an array of lawsuit funding options that can help them:

  • Build the strongest possible cases for their clients.
  • Cover their firm’s operating costs
  • Invest in business development and marketing efforts and, in turn, the future of their practice.

See the following lawsuit funding FAQs to learn more about Delancey Street’s services. You can also simply call us to find out more about our financial solutions.

How does Delancey Street help attorneys and law firms?

Delancey Street provides attorneys and law firms with a range of financial resources that can get them through periods in which they may be experiencing limited cash flow despite having a substantial case load.

We offer funding to attorneys and law firms in most U.S. states and in the District of Columbia.

While the majority of our clients are contingency-based lawyers and law firms, we also provide funding support to attorneys and firms that:

  • Have mixed revenue sources, including those based on hourly fees or flat rates
  • May have less than perfect credit.

What types of cases does Delancey Street fund?

Delancey Street provides funding support for firms pursuing a wide range of cases, some of which include:

  • Motor vehicle and aviation accidents
  • Assault and battery
  • Medical malpractice
  • Product liability
  • Premises liability
  • Drug/pharmaceutical
  • FELA and Jones Act
  • Breach of contract and commercial disputes
  • Wills and inheritance
  • Divorce
  • Fraud
  • Workers’ compensation
  • Employment law (including wage dispute cases, wrongful termination cases, etc.)
  • Personal injury (including wrongful death, dog bite/animal attack, burn injury, etc.).

We are continually expanding our litigation funding options for new cases, so don’t hesitate to contact us to find out if you are eligible for funding based on a specific type of case you or your firm is handling.

What lawsuit funding options are available?

Delancey Street can provide attorneys with lines of credit, lawsuit loans and/or cash advances. Our Legal Finance Specialists will work closely with you and your firm to develop the best funding package to suit your needs and circumstances.

How much does lawsuit funding cost?

The specific costs of our funding solutions will depend on a number of factors. In general, however, there will be underwriting fees and possibly structuring fees. These expenses are typically added to the balance of the note or advance so that our fees are paid for when you eventually bring your cases to a successful resolution.

What are the monthly payments?

The cost of monthly payments will specifically depend on the loan amount. However, Delancey Street will always work with each borrower to develop a payment schedule that specifically meets their needs and cash flow expectations.

What are the terms?

The terms of our lawsuit funding options will depend on the specific funding package an attorney obtains, as well as the specific level of risk associated with the attorney’s cases. Generally, however, the terms of our funding solutions will range from one to four years. 

How much of funding can I get?

Delancey Street can lend attorneys and law firms anywhere from $25,000 up to $1 million, depending on their needs and situation.

At what stages do cases need to be in to be considered for funding?

Cases at nearly any stage of the legal process – from negotiation, discovery, and trial-preparation, to trial and even appeals – can be considered for our funding solutions. The stage of a case, however, will usually be a factor in determining the cash advance amount and/or the structure of a loan. 

How can I use the funds I receive from Delancey Street?

Generally, attorneys and law firms that are approved for Delancey Street’s financial support solutions can use the funds they receive however they see fit to run their practice. Commonly, however, our clients use the funds they receive from us to:

  • Cover payroll and/or tax payments
  • Pay for the firm’s general operating expenses
  • Hire expert witnesses
  • Invest in business development efforts and/or legal marketing efforts
  • Cover the costs of litigation support.

Is this type of funding legal and ethical?

Absolutely. We have been strictly adhering to all applicable laws since opening in 2003 and allow attorneys to exercise their independent professional judgment in all their cases. If you have questions about the ethics of law firm financing, many jurisdictions have ethics hotlines that can address your concerns or have issued advisory opinions on the issue.

Why should I choose Delancey Street instead of a bank?

Because Delancey Street has the experience, knowledge and resources necessary to properly evaluate your case portfolio and provide you with the financing you need so you can focus on practicing law.

While banks can be good options for certain types of funding, they aren’t willing to assume a lot of risk, and they don’t have the legal experience that is critical to properly evaluating a firm’s caseload. This means that, even if banks may be willing to provide funding to contingency-based law firms, the terms of this funding will likely not be as favorable to law firms and lawyers as the funding solutions from Delancey Street would be.

Car, truck and motorcycle accidents are some of the most common reasons personal injury lawsuits are filed.  If you or a loved one have suffered injuries or property damage in a car accident resulting from another driver’s mistake, you should contact an experienced personal injury lawyer to ensure you are properly represented.

Driver Negligence

Your lawyer must prove that someone else was responsible for your injuries – usually the driver of one of the vehicles.  Car, Truck and Motorcycle accidents are often lumped together and are commonly referred to as Motor Vehicle Accidents or “MVAs”.  Negligence refers to conduct that causes an unreasonable risk of harm.  A motor vehicle driver is legally negligent if he/she causes an accident by not operating his/her vehicle in a manner expected of a reasonably prudent person acting under similar circumstances.
Your lawyer needs to prove that:

  • The driver failed to conform to the standard of conduct required when operating a motor vehicle, AND
  • You suffered injuries caused by the driver’s negligent conduct.

In some circumstances, more than one party in the accident was at fault. In these cases, liability may be distributed among the negligent parties according to their percentage of fault, which is called “comparative negligence”.
It’s important to get the names and contact information of witnesses, have pictures of the damages and, most important, have a police accident report.

Money for Damages and Personal Injuries

If you are a victim, you may be able receive money for your automobile repairs, medical expenses and lost income, as well as for your physical and emotional pain and suffering.  Since most motor vehicle owners have car insurance, money from a judgment or settlement is usually paid by the insurance company.  The  extent of damage and the seriousness of the injury influences the amount of the money award for the victim. However, the insurance company representing the defendant may try to delay the suit for years, which could leave you in a financial bind in the meantime.  If you have a strong MVA case and a lawyer, a pre-settlement lawsuit cash advance may be available for you.  A cash advance on your car, truck or motorcycle accident lawsuit can help you pay living expenses until you receive money from the lawsuit.

Millions of slip and fall accidents occur each year in the United States each year. A significant number of them result in serious injuries. Victims often incur massive medical bills and time out of work. When you’ve been injured in a slip and fall accident and someone else is responsible, you should contact an experienced attorney to help you get compensation for your losses. Because it can take years for you claim to be resolved, Delancey Street offers financial options to help victims pay for their bills while they wait for their settlement.

What is a Slip and Fall Accident?
Slip and fall accidents may be one of the most difficult types of cases to prove since the victim must prove that the property owner or property user was negligent in maintaining or operating their property. One of the most important elements In proving negligence is to seek necessary medical treatment as soon as the incident occurs. Even if you do not feel as though you may feel OK, injuries to the head and vertebrae are more serious than they may first appear, and some symptoms may take time to develop. Having medical treatment and documentation, witnesses and pictures of the problem site can help to prove your case in a court of law.

What Can A Victim Do?
Slip and fall accident cases can take months or years to resolve. A pre-settlement cash advance from Delancey Street can help you pay your bills. Delancey Street provides cash to individual slip and fall victims who need help paying for medical bills, living expenses, car payments, rent and other expenses. You can get cash now while you wait for your settlement.

The sad truth is that on a road dominated by big trucks and cars, motorcyclists are almost always at the mercy of these much bigger vehicles. Most motorcycle accidents are the result of the careless or negligent operation of a car or truck driver. And the injuries suffered by motorcyclists are more severe than those of other drivers given the nature of the smaller vehicle.

Although motorcycle accident claims can help the victims get the monetary compensation they need to cover their expenses resulting from the accident, these types of claims can take years to settle.. But the victims of motorcycle accidents, as well as their families and loved ones, have basic living expenses that cannot be delayed.

Insurance companies often take advantage of victims’ financial weakness by delaying resolution of the claim, essentially forcing the victim to settle for a fraction of the value of the claim. Unfortunately, a great number of motorcycle personal injury claims are either abandoned or settled at a substantial discount because the victim cannot endure the financial burden any longer.

Lawsuit Funding For Motorcycle Accident Victims -Money for Lawsuits
A lawsuit cash advance is a perfect way to prevent the insurance companies from capitalizing on the financial burden the motorcycle victims have to endure. A funding specialist will evaluate your case and financing can be in place in as few as 24 hours.

Pre-Settlement Lawsuit Funding
Financial concerns should not interfere with your right to get the financial compensation you deserve. Lawsuit cash advances can assist accident victims in need of immediate cash to cover medical, emergency or general living expenses – extending the time for settlement negotiation. Delancey Street offers pre-settlement cash advances to motorcycle accident victims.. There is no financial risk to the victim – since the cash advance is not required to be repaid if the case is lost.

PRESETTLEMENT FUNDING 101

Learn about how it works

Repayment of the settlement loan depends entirely on whether you succeed or not. If you lose your case, you don’t have to pay anything. If you win the lawsuit, your attorney will pay back the advance when he/she gives the funding.

The funding process is pretty simple. It usually doesn’t take more than a week in order to get a lawsuit loan. In most cases, it can take 24-48 hours.

Insurance companies know a lawsuit isn’t cheap. They also know that while you’re FIGHTING it, you’re not working, and able to make money. They know your expenses are piling up. Insurance companies use this fact as a WEAPON. They drag out the litigation process for as long as possible, so you automatically accept whatever they are offering. Don’t accept small amounts of money just because you’re having financial difficulties. Let Delancey Street help you with your bills. The longer you fight, the higher the potential of you getting more money.

Your financial history has nothing to do with the chance of you getting pre-settlement funding. It’s all about your case. The stronger the merits of your case, the higher your chances of getting approved. Each case is unique and has to be reviewed manually by one of our associates. The stronger the merits of the case, the higher the chance of approval. It’s really that simple, but there are some basic qualifications that matter.

Liability: There must be a responsible opposing party, who was liable for your injuries. In order to have a valid claim, and to win your case, you have to prove the other party was at fault. This means showing that your injuries were a result of the negligence of another party. If someone rear-ended your vehicle, then liability is very clear and therefore you’ll get approved(probably). For other cases like premise liability claims, you need documentation to prove your claim – like incident reports, witness statements and more.

Insurance: In most cases, lawsuit funding companies operate under the assumption that the insurance coverage is the maximum case value possible. Underwriters at any lawsuit funding company will ask your lawyer what the defendant policy limits are.

Damages: You have to have sustained some form of bodily, or economic damages. In order to get a cash advance on a pending settlement, you have to have sustained some form of damages as a result of the incident. This means bone fractures, whiplash, economic damages, lost wages, etc. Legal funding companies might ask for things like medical records, medical liens, and more.

Previous advances: If you have funding from a previous lawsuit funding company, then this might be a factor you will have to reveal. Sometimes, some companies might refuse to fund you if there’s an existing lawsuit cash advance, since it could reduce the amount of new legal funding you can qualify for. Some lawsuit funding companies offer legal funding refinancing.

Here are the top 5 times to say ‘NO’ that other funding companies may not tell you:

#5: When you have other means to get the funds they need, say no.

Lawsuit funding companies exist to serve those plaintiffs who have no other options. For plaintiffs who have exhausted all credit/loan options, have no health or other supplemental insurance to cover their expenses, or even relatives willing to help in their time of need, then non-recourse lawsuit funding can serve as their only lifeline. However, because plaintiff advances are non-recourse, they are one of the more expensive options. Why? Fees associated with advances are high to balance the cost of losses – allowing funding companies to keep their doors open. They fill a necessary place to give plaintiffs with no other options a fighting chance against deep pocketed defendants.

#4: When a case is at a very early stage and likely to persist for a substantial period of time, attorneys say no.

A plaintiff becomes eligible for lawsuit funding once a complaint has been filed. If you are confident that the case will resolve within a reasonable amount of time, then lawsuit funding may be a good option for your client. However if the case will take many years to decide, then it may be best to wait until the finish line is closer. Fees on a lawsuit advance accumulate monthly and the goal of all parties is to make sure the plaintiff recoups a substantial settlement or judgment amount after their attorney fees and liens have been paid.

#3: If you believe there is a very large settlement range, say no.

Even the shrewdest attorneys have been surprised at the outcome of a case. It comes with the territory Case Funding understands this nature of law practice. This is why non-recourse terms can be a very advantageous feature of the funding service. However, it is also possible to reach a settlement or judgment that is far from expectations and you and your client may be left with far less than hoped for. If there are factors beyond your reasonable control that you believe make evaluating the dollar amount of the case unclear, then it is better to hold off until there is a clear picture of the timing and outcome of the case.

#2: If the funding contract seems vague or contradictory, say no.

A good plaintiff advance contract should clearly state the terms and payoff requirements of the funding. Industry leading funders have had established ethical standards and rules that self-regulating funders have  adhered to for years. These standards are publicized and developed most notably by the American Legal Finance Association (ALFA), a 31 member organization. Funders who follow best practices aim to present plaintiffs and their counsel the terms of the agreement in the plainest possible language with clear payoff scenarios. Your client’s contract should clearly show:

  • All fees.
  • An annualized percentage rate.
  • A repayment schedule.

#1: If they attorney suspects you will use the funds on non-necessities, say no.

Lawsuit funding is a great resource available to plaintiffs to make certain the client can remain stabilized during the course of the case. Making mortgage or rent payments, and getting food on the table – these are really the essentials that lawsuit funding exists for. Unfortunately, not all plaintiffs are gifted with a propensity for managing their money. Putting a down payment on a non-essential second car, taking a vacation, or any other item that may increase your client’s monthly living expenses and/or is non-essential should be advised against.

Wrongful death harms families and leaves most survivors struggling to determine what their options are. A wrongful death occurs when a person dies due to the negligence (or other legal fault) of another party. Many types of fatal accidents qualify as wrongful death claims, including medical malpractice, car accidents, and product liability cases (including dangerous medicines). Survivors may feel helpless, but injury attorneys can help clients obtain a legal remedy.

Who Has the Right to Claim Benefits?
In some situations, survivors of wrongful death victims have the ability to claim compensation or other benefits from the liable party. The survivors must have suffered physical, mental or economic damage from the death. Only family members, life partners, distant family members, and of course parents can obtain compensation for the wrongful death of a loved one.

Funding Life While Waiting for Claims
Those who bring wrongful death actions in court have suffered financially, not just emotionally, from the loss of their loved one, especially if the family was dependent on the income of the deceased. If you are suffering as a result of the wrongful death of a loved one, it can take months or years to receive your settlement. You should consider a lawsuit cash advance from Case Funding Inc. A cash advance on your settlement can help you to get through the financial harship that you’re experiencing now, until your case is settled or reaches a judgment.

Getting Financial Help
Wrongful death survivors often experience serious financial needs. Case Funding Inc. can provide you the funds you need while you wait for your wrongful death settlement to occur. There’s no need to go without the help when there are funding options readily available to help you through the process.

The legal system can be a confusing myriad of paperwork, trials, lawyers, judges, and juries. The distinction between civil and criminal cases can be even more confusing to people who haven’t dealt with the system on a firsthand basis. If someone violates a criminal law, they are liable for fines and, potentially, time in jail. If a person violates a civil law, they are liable for the injury or damage they caused. However, this is typically resolved through the granting of “monetary compensation,” otherwise known as a cash settlement, to the injured or damaged party.

How Is Lawsuit Funding Granted?

The only way for lawsuit funding to be transferred from one party to another is through a lawsuit. After the harm is done, and if the parties cannot agree upon the assignment of fault, they may carry the case further into the legal system. There are multiple routes by which they can go, with the most common being a “negotiated settlement.” Here, the parties can attempt to reach a settlement, which is done through the use of careful mediation. If this process succeeds, that means both parties have settled upon a due amount of lawsuit funding.

If that route fails, the case continues on, and it will be decided by either a judge or jury. The judge or jury will hear the case, then decide how much lawsuit money should be granted. It can be either granted in a single lump sum payment to the trust fund of the victorious attorney, or it can be set up in what’s called a “structured settlement.” Structured settlements function by distributing a certain, pre-set amount of money to the victorious party over a specified time.The lawsuit funding that is garnered from the end of the case settles the claim, and the process is completed.

The final amount of lawsuit funding awarded varies from case to case. It can be as low as zero dollars, if the liability can’t be established or the damages aren’t proven. On the other end, it can be as high as hundreds of millions of dollars, as in the case of tobacco or oil spill settlements. The final amount of lawsuit funding is completely dependent on how much damage has been done, how many plaintiffs there are, and whether or not the mediator, judge, or jury can agree or reasonably determine a final amount.

Lawsuit funding is a mechanism through which a litigant can finance their litigation costs by entering into an agreement with a third party funding company. Third party funders are companies who treat litigation as an investment; in exchange for agreeing to finance some or all of a plaintiffs litigation expenses, the funder will charge the client a fee (sometimes an agreed percentage of proceeds recovered by the client in the litigation or pursuant to a fee schedule). This fee is normally referred to as a contingency fee. Typically, if the litigant loses the case, the funder receives nothing and loses the money they have invested in the case, whereas if the litigant wins the case, the funder expects to be paid its share of the “award.”

How Long Does It Take To Get Lawsuit Funding?

Depending on the nature of the case, the behavior of the attorneys, the seriousness of the injury, and the quickness of the assignment of fault, cases that result in the disbursement of lawsuit funding can take anywhere from a couple of weeks to several years or more. The timeliness of the settlement of the claim is entirely dependent on each individual case’s set of circumstances.

In order to alleviate this time burden on plaintiffs, there are firms that specialize in providing monetary advances to plaintiffs, based on the estimated settlement amount. This is essential for some plaintiffs in need, as they may not have the funds to wait weeks to years for the establishment of the actual settlement.

If you are in need of money while waiting for your lawsuit to settle, you should not hesitate to contact the experts at Delancey Street. Our team of professionals works in the field of legal funding, and we extend aid to Plaintiffs in need who are strapped for cash while waiting for their legal claims to be settled and paid.

Lawsuit funding is usually obtained through funding companies who specialize in legal financial services. Lawsuit funding is often based on the strength of the lawsuit at hand, and many companies don’t even perform credit checks. The process usually starts out with a lawsuit funding application, a review of the lawsuit, and a brief interview with the attorney involved. Next, contract documents are executed and finally, funds are issued to the plaintiff. Most funding companies strive to streamline the funding process, which makes it faster and easier for plaintiffs to receive the necessary funds. While the process usually seems simple, it is highly advisable – just like with any financial contract – for plaintiffs to discuss the funding agreement, thoroughly, with his or her attorney prior to signing. Additionally, plaintiffs should pay close attention to the terms, fees, and percentages that must be met upon the signing of the agreement.

Delancey Street is a Leader in Lawsuit Funding

Delancey Street is a leading provider of innovative non-recourse funding solutions for plaintiffs and attorneys who have pending lawsuits and pressing financial needs. For attorneys, our capital enables you to invest in your cases, expand your case load or even pay everyday operating expenses.

Our Services

Delancey Street’s programs provide plaintiffs and litigation attorneys with financing by advancing money against the future proceeds of lawsuits. Delancey Street minimizes financial pressures on plaintiffs until a fair settlement can be reached. For plaintiffs, Delancey Street provides non-recourse cash advances on pending lawsuits. Delancey Street works with attorneys to create a financial package that meets their law firm’s cash flow needs, whether in the form of full-recourse loans, or line-of-credit facilities.

What types of lawsuits are applicable for lawsuit funding?

Funding companies will advance money to plaintiffs for most types of lawsuits. Basically, if a plaintiff’s lawsuit stands to receive money, most assuredly, there is a funding company, somewhere, that will advance money against it.

Delancey Street provides lawsuit funding for the following lawsuit types, on a case by case basis:

Personal Injury Cases, including:

  • Asbestos Lawsuit Funding
  • Assault Lawsuit Funding
  • Aviation Accidents Lawsuit Funding
  • Car Accident Lawsuit Funding
  • Motorcycle Accident Lawsuit Funding
  • Back Wages Lawsuit Funding
  • Burn Injury Lawsuit Funding
  • Ceiling Collapse Lawsuit Funding
  • Negligence Lawsuit Funding
  • Jones Act/FELA Lawsuit Funding
  • Labor Law Lawsuit Funding
  • Medical Malpractice Lawsuit Funding
  • Nursing Home Abuse Lawsuit Funding
  • Commercial Litigation Funding
  • Sexual Harassment Lawsuit Funding
  • Product Liability Lawsuit Funding
  • Premises Liability Lawsuit Funding
  • Police Brutality Lawsuit Funding
  • NY Labor Law 241 (1) Lawsuit Funding
  • NY Labor Law 241 (6) Lawsuit Funding
  • Slip and Fall Lawsuit Funding
  • Whistleblower/Qui Tam Lawsuits
  • Wrongful Death Lawsuits
  • Wrongful Imprisonment Lawsuits
  • Wrongful Termination Lawsuits

Pharmaceutical Cases, including:

  • Accutane
  • Avandia
  • Baycol
  • Fen Phen
  • HRT
  • Ortho Evra
  • Paxil
  • Prempro
  • Vioxx
  • Zyprexa

Did We Miss Your Lawsuit Type? No Worries.

If you didn’t see your lawsuit type listed, that doesn’t necessarily mean we don’t fund your type of lawsuit, or that your lawsuit doesn’t stand to receive money. If you don’t see your case, and want to apply for lawsuit funding, call us (800) 790-9992.  We add new lawsuit types regularly.

How Are Attorney Loans Different From Lawsuit Funding?

Attorney loans are not to be confused with lawsuit funding. Attorney loans are directed at helping the attorney or law firm handle the general operating expenses and specific case or trial costs . Lawsuit funding is an advance issued to a plaintiff contingent upon the eventual receipt of a settlement at the end of their case.Lawsuit funding helps plaintiffs manage their day to day life expenses, whereas attorney loans go towards paying the extensive costs of completing a lawsuit.

How can Delancey Street help me or my attorney?

We help level the playing field by providing lawsuit funding for you or your attorney to compete effectively against insurance companies, large corporations,and other deep-pocketed defendants.

How is Delancey Street different for Plaintiffs?

Non-recourse funding is different than a lawsuit loan. Unlike loans, advances don’t require you to put up collateral; you don’t need good credit; and if you lose your case, you pay nothing and owe us nothing! We give you money based only on the strength of your lawsuit, because our lawsuit funding is repaid only if you win money from your case. While your case is pending, you do not owe any installment or interest payments. You pay nothing until your lawsuit resolves.

Pre-settlement Funding 101

Repayment of your lawsuit cash advance depends entirely on how successful your case is. You don’t have to pay back anything back unless you win your case. If you take lawsuit funding and win your case, then your attorney pays back our lawsuit cash advance(aka lawsuit loan), when he/she distributes the settlement money. It means we don’t look at credit, or employment status. The only thing we care about is the quality of your case, and the value of your case. The process is really simple, and it takes no more than a week in order to get a lawsuit cash advance from most lawsuit funding companies.
First step when getting a lawsuit loan: First step to getting a lawsuit cash advance is learning about what it is. You should ask your attorney, what a fair rate is. Learn about the benefits, risks, and costs, so you can make the best decision possible when speaking to numerous pre-settlement funding companies.
The second step is understanding your case: It’s important to know what your case is worth. You should never get a lawsuit settlement funding without understanding your case value. You should consult your attorney to understand how much your potential case might be worth. If your case has liability, damages, and there’s adequate evidence/discovery, then you shouldn’t settle for a lawsuit cash advance with compounded interest rates/usual fees. Knowing the strength of your case gives you leverage when you negotiate with a pre-settlement funding company for a lawsuit cash advance.
Do you need the money?: Lawsuit cash advances are expensive. Don’t let anyone tell you otherwise. Settlement cash advances are an investment in your case by an outside party. Because it’s NOT A LOAN, some lawsuit funding company charge high rates and fees. Always weigh other options before deciding for a lawsuit loan. Pre settlement loans should be a last resort.
Are you being pressured by a lawsuit funding company?: Don’t let anyone tell you the contract has a deadline, and to pressure you into signing. Don’t be bullied. Take your time, and make the BEST decision for your family.

LAWSUIT FUNDING VS NORMAL LOANS

If you’re running out of money, and unable to pay your bills – then a lawsuit loan might be right for you. Running out of money isn’t a good feeling. People turn to different things when they run out of money. It’s always best to exhaust all other sources of money, such as your 401K, and other savings you may have. It might even be a good idea to speak to family members – before you consider a lawsuit cash advances. These loans aren’t cheap. They are “risk-free,” because if you lose your case – you don’t have to pay a penny back. Below are some comparisons of lawsuit funding versus traditional loans.
Repayment
“Lawsuit cash advances,” aren’t really loans. The correct term is they are cash advances. Lenders, offer a cash advance against the future value of your claim. Regardless of whether it’s a business dispute, or a personal injury claim, at the end of the day you’re a plaintiff in a claim – and that claim has value.  The lawsuit funding company is speculating that the money you make in your claim will be enough to cover the amount loaned out plus interest. There’s an enormous amount of risk attributed to lawsuit loans, and that’s why lenders charge higher than average interest.  Because they are cash advances, pre-settlement funding cash advances don’t require repayment in the event you lose the personal injury claim. If you lose, you are not obligated to repay the loan. In contrast, with a traditional loan, you will probably have a lower interest rate. Here’s the tradeoff though. Traditional loans, from a bank, for example, must be repaid. Traditional loans are based on your credit, and are extended based on the fact you are a credible borrower. Having said that, they are not being advanced against the future value of a claim. They are a traditional loan, and thus must be repaid like a traditional loan is. If you don’t repay it, then you can be sued – and you could find your credit score destroyed because of this.
Rates
There’s no getting around it – lawsuit cash advances are very expensive. When you pay a lawsuit funding lender, you pay the principal you borrowed, plus a funding fee/interest payment. This fee could end up being double or triple what you borrowed. The cost of the lawsuit cash advances depends on how long your case lasts. It’s not unusual for personal injury cases to take months/years to settle. The rates can run between 15-60% a year. On a $25,000 loan, it’s possible the interest could run $10-$13k the first year. The interest is usually compounded monthly, which means if you borrow $25k, and it takes 2 years to settle – then you’d have to pay $32k plus the $25k borrowed.

WHAT MIGHT YOU OWE ON A LAWSUIT CASH ADVANCES?

One of the most frequently asked questions we hear is what happens if you win the case, and what happens if you lose the case. At the end of the day, winning the case is a great thing! Here’s the good news: you are only required to pay back if you win your case. If you lose your case, you don’t owe a single penny. If you win your case your attorney will repay the lawsuit funding company out of the proceeds of your award. The amount that your attorney is required to pay us is calculated based on a formula. You will probably owe less money if your case settles sooner rather than later. The amount you owe depends a lot on the type of case you have, and what state you’re in.
While your case is pending, you don’t have to make any payments – and there’s no risk to you. Moreover, you can use the money for anything: house payments, car payments, rent, tuition, pretty much anything. More importantly, if you lose the case – you owe nothing.

HOW LAWSUIT FUNDING CAN HELP

There are many drawbacks to getting a lawsuit loan, the benefits are very strong though. It depends on whether the benefits outweigh the cost. Delancey Street is both a direct lender and platform, it all depends on the type of case you have, and who we think can help you the best. Working with Delancey Street reduces the headaches associated with normal lawsuit loans.

Pay for living expenses

Funds attained via case funding have no spending requirements. You can spend the funds on medical expenses, living expenses, etc.

Regardless of what type of case you have, case funding can help you pay for bills, i.e., medical bills, living expenses, mortgage, tuition, or just for family expenses.

Sense of security

Lawsuits are stressful. Delancey Street makes it easier by offering you funding when you need relief. By providing financial relief when you need it the most, a lawsuit loan can be priceless because the cash infusion comes at the right time.

No Win? You Don't Pay

There’s literally no repayment required unless you win your case. If you lose your lawsuit, you are not required to repay the lawsuit cash advance. If you win your case, your attorney repays the lawsuit funding lender from the proceeds of the settlement.

Potentially get more funding with a settlement loan

Insurance companies know that when you’re injured, it’s a race against time. Insurance companies know this too. They know, that they can take advantage of your financial vulnerability by dragging out the process as long as possible.

Personal injury lawsuit funding can help you get a better final settlement offer. By getting a lawsuit cash advance, you improve your ability to get a larger final settlement offer since you can continue litigating for a longer period of time.

No credit check or employment history needed

Because lawsuit funding isn’t actually considered a loan, funding companies don’t look at your employment history, or look at your credit score. There’s no personal liability for the money you borrow, which means the only that matters is the quality of your case.

If your attorney drags his, or her, feet when communicating information to us – a lawsuit loan can take longer to be approved.

COST OF LAWSUIT FUNDING

Lawsuit loan costs come out of your settlement. Lawsuit funding is non-recourse, which means you only pay it back if you win your case. Because of this, they are regulated differently from normal loans.

It’s important you work with a trusted name in the lawsuit funding industry.

Lawsuit Loans Can Potentially Be Expensive

Numerous settlement loan companies charge high interest rate. With Delancey Street, you get the benefit of getting multiple offers all at once, thanks to our marketplace of lenders. When you’re speaking to an individual lawsuit cash advance company, here’s some things to think about:

  • Upfront fees
  • Compounded interest
  • Pushy sales tactics
  • Your attorney doesn’t like the company
Lawsuit loans should be used as a last resort

Lawsuit loans are costly, and it doesn’t matter which company you speak to – it can reduce your final settlement. If you take out too much money, you might regret it in the future.

It’s important you only take the amount of money you need – not the maximum you qualify for.

Upfront fees are a red flag

Some shady settlement loan lenders might charge upfront fees which can be troubling. Usually the lender will also charge you interest on the upfront fees. Don’t let a lawsuit cash advance lender charge you huge upfront fees. It’s important you ask for a payoff table, and total purchase price.

Compounded interest - pay attention to this!

Compounded interest, especially monthly, can quickly increase the overall size of your lawsuit loan. It’s important to remember that 3% monthly interest can quickly turn into 100% over two years. It’s important you ask your lawsuit funding company if they charge simple or compounded interest. It’s good if you ask for this number before committing to any lengthy conversations.

Not every case can qualify for lawsuit funding

Some cases are very easy, and can be quickly evaluated. Some are difficult. The more complicated the case is, the less likely you’ll qualify because a lender might feel insecure about their investment in your case. Some settlement loan companies only offer you a loan for a specific type of claim. It’s good to ask the funder how often they work on their specific type of case.

Work with a reputable company

At Delancey Street, our goal is to help our clients. Regardless of whether it means funding them directly, or sending the deal to another lender who specializes in your type of case – our goal is to help you.

While there are some clear drawbacks to getting large lawsuit loans, the benefits can easily outweigh the costs if you need the money. Uplift is a reputable company that strives to be on the plaintiff’s side. Working with us helps reduce a lot of the usual costs and difficulties associated with traditional lawsuit loans.

DELANCEY STREET
WE CAN HELP WITH LAWSUIT LOANS

Many settlement funding companies take forever, and can’t fund nationwide.

WE’RE UNIQUE.

Delancey Street has the ability to fund clients nationwide, and we can help you get a loan when you need it the most. Even if we can’t fund you directly, we’ll connect you with a lender in our marketplace who can.

1 (800) 928-0233 or

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