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What is a settlement loan? (10th Sep 22 at 8:07pm UTC)
If you’re in the middle of a lawsuit
If you’re in the middle of a lawsuit and need money to cover living expenses, a settlement loan (sometimes called a lawsuit loan, pre-settlement funding, or litigation financing) may sound tempting.

Despite the name, settlement loans aren’t like traditional loans. They’re a type of advance. While your case is pending, a lawsuit funding company gives you a cash advance on the expected settlement.
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