Is Pre-Settlement Funding or Lawsuit Financing a Loan?

Pre-Settlement Funding or Lawsuit Financing is definitely not a loan the advance is non recourse, meaning the repayment is not guaranteed or "period-certain". Settling a personal injury case requires an undetermined period of time. No payments are required and if the case fails to be resolved (as a result of the litigation), the plaintiff has no obligation for repayment. As a Litigation Funder we accept this risk right along with the Attorney who has taken the case on a contingency basis, no settlement no payment.