How to Borrow Money on a Pending Lawsuit

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An advancement on your pending lawsuit may keep creditors at bay.
An advancement on your pending lawsuit may keep creditors at bay. (Image: Thinkstock/Comstock/Getty Images)

An injury accident can create financial hardship due to your inability to work. The unpaid bills and depleting saving accounts can lead to financial pressure creating a stressful situation. Television commercials and internet ads abound about advancing money from a pending lawsuit and may have you wondering if this may be the right choice for you. Whether you decide to borrow money on your pending lawsuit, it should be an informed decision, carefully thought out after all the alternatives are considered.

Things You'll Need

  • Computer
  • Telephone
  • Pen

Contact your attorney. Explain the dire financial straights you are experiencing and ask for her opinion on advancing money from a pending lawsuit. Request a referral to a company.

Call the referral company and request their paperwork. If no referral was given, then contact the companies from the television ad.

Read the paperwork from all companies. Determine the interest rate for repayment. Find out the procedure for repayment, if any, for a case that is lost or has not settlement.

Fill in the portions of the documents that contain your personal information. Send the document to your attorney to complete the legal questions about your case, such as case number, type of injury and anticipated settlement.

Examine the documents returned by your attorney for accuracy. Normally your attorney will fax the documents to the company after your review and handle the rest of the procedure.

Tips & Warnings

  • Look for a company that has a no repayment policy if no money is received.
  • Shop for the best interest rates on repayment.

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