There are almost no restrictions on how much lenders can charge for lawsuit loans or what they can say in their advertising. One lender may market the product as a “loan” while another lender calls it an “advance.”

If you must have cash while your injury case is pending, consider the alternatives to a lawsuit loan insurance proceeds, disability payments, or even a personal loan from a friend or a relative. Your bank or credit union might be able to make an instalment loan available.

Also read about, low rate car accident settlement loans

If you must have a lawsuit loan, make certain that your lender fully discloses the conditions and terms and that you completely understand what you’re signing. Before you apply for a lawsuit loan, and before you consent to sign anything, discuss your options with your injury lawyer.