Lawsuit Loans vs Legal Funding
If you’re here, you’ve probably been searching for a “lawsuit loan,” but what you may really need is legal funding. At first glance, many people confuse the two terms due to misusage, but they operate very differently and can have a BIG impact on how your financial future looks.
But no worries—you’re not alone. By the end of this article, you will have a clear understanding of lawsuit loan vs legal funding. Let us break it down for you:
Lawsuit Loan (aka personal loan)
/ˈlɑː.suːt loʊn/ noun
Money you borrow from the bank, corporation or individual for your lawsuit. Repayment required.
Legal Funding (aka presettlement funding)
/ˈliː.ɡəl ˈfʌn.dɪŋ/ noun
Money funded by Cartiga to help carry you through your lawsuit. If you don’t win, you don’t pay.
Click on each tab to see the differences
Personal Loan: Money borrowed from the bank must be paid back (with interest) whether you win or lose the case.
Legal Funding: Repayment (with higher rates) is required only when you win the case. If you lose, no repayment is needed.
Personal Loan: Your credit score decides your qualification for the loan. Lower credit scores result in higher interest rates.
Legal Funding: We assess your lawsuit and decides your qualification based on the merits of the case. No credit check needed.
Personal Loan: Your credit score will greatly drop if you cannot repay the bank.
Legal Funding: Legal Funding does not have any negative impact on your credit score.
Why Choose Legal Funding with Cartiga?
No repayment if you lose:
a RISK-FREE solution
Legal Funding is a perfect option for plaintiffs who need immediate money to cover living expenses or medical bills while they wait for their lawsuit to settle due to:
Easy Application
Our online form only takes a few minutes. Click here to get started with your application.
Faster Process
Once approved, funds can be transferred in as little as 24 hours.
Transparent Pricing
Our funding contracts are clear from the start, showing all essential numbers related to your case.
Choosing between legal funding and a lawsuit loan depends on your situation. If you’re concerned about the possibility of losing your case and not being able to repay a loan, legal funding would be a safer, risk-free option. If you’re still unsure, read more to see the differences.
At Cartiga, we offer reliable & ethical consumer legal funding for individuals pursuing legal claims, helping you cover essential personal and medical bills while you wait for your case to settle. We believe in full transparency, which is why we provide clear, easy-to-understand information about the benefits, costs, and terms of your legal funding. With Cartiga, you’ll never have to worry about hidden fees or complicated contracts.
We’re committed to helping you avoid the financial stress and potential drawbacks of lawsuit/personal loans, giving you the peace of mind to focus on what matters most—your case.
Understanding the difference between lawsuit loan and legal funding is key to making the right financial choice for your situation.
If you have more questions like Navi…
Or call 888-822-7844 to speak to our legal funding specialist!
This article is for marketing purposes only, does not constitute legal advice, and should not be relied upon as legal advice.
