What is Settlement Lenders?
Settlement Lenders provides pre-settlement funding to plaintiffs who may be unable to earn an income due to an injury sustained in an accident.
What does Settlement Lenders do?
Settlement Lender's various loan products enable people to cover their basic living expenses and pay for care and treatment while they await the settlement of their claim.
Is Settlement Lenders safe?
For 30 years, Settlement Lenders has lent money to thousands of clients waiting for settlements. They're one of Canada's experts at quick and easy approval and funding of settlement loans.
How does Settlement Lenders work?
Settlement Lenders grants settlement loans on a contingency basis; this means that there are no fees or payback required until the case is settled and all other legal fees and costs have been paid.
Who uses Settlement Lenders?
If you need money for living expenses, legal fees, medical bills or estate fees and you can’t afford to wait until the conclusion of your lawsuit, Settlement Lenders can help. If you're waiting for your settlement from a car accident, personal injury, inheritance, wrongful dismissal, wrongful death then call Settlement Lenders today.
What is the interest rate on a Settlement Lender's loan?
The interest rate on a Settlement Lender's loan is as follows: Lump Sum Loan: 19.95% annual interest rate, compounding monthly for the first year. 29.95% annual interest rate for second year, and thereafter. Up to a 20% administration fee.
How does repayment work at Settlement Lenders?
Based on the agreement, the payment comes from the lawyer’s in-trust account after the successful outcome of the case. Settlement Lenders does not expect re-payment until the claim has settled which can take anywhere from weeks to years. After that, because it is an open loan, you’re welcome to make payments or pay it off early with no penalty, but your lawyer will pay back the loan from your settlement funds when your claim settles.
How much money can I get from Settlement Lenders?
There is no minimum or maximum amount that Settlement Lenders can lend. The amount they can lend you depends on the details of your claim, and the information they receive from yourself and your lawyer.
Do I need a lawyer to use Settlement Lenders?
Yes. If you don’t have a lawyer then Settlement Lenders can help you find one, or you can refer to their lawyer list.
Am I eligible for a Settlement Lenders loan?
To be eligible for a loan you just need an ongoing claim and a lawyer. The types of claims Settlement Lenders lend on are: Motor vehicle accident, Personal Injury, Slip & Fall, Wrongful Dismissal, Wrongful Death, and Inheritance. If you don’t see your type of claim here, just give them a call at 1-844-416-0655.
How do I apply for a loan with Settlement Lenders?
First, Settlement Lenders does an assessment with you. This is where they’ll get to know you and your claim, and it is important to give the consultant as much information as you can. Then, they’ll contact your lawyer with some additional questions. Once they have all the information that’s needed, a decision is made on the loan amount. If and when approved for a loan they’ll send you loan documents with instructions for filling them out.
Do I need a lawyer to use Settlement Lender?
Yes, if you don't have a lawyer then Settlement Lenders can help you find one, or you can refer to their lawyer list.