Q: How does legal funding work?

Legal funding (also called litigation funding, legal cash advance, or pre-settlement funding) is a way for you to turn the potentially valuable asset you have – your lawsuit – into immediate funds that you can use to pay for medical bills, living expenses and emergencies while you wait for your lawsuit to settle. With legal funding by Metro Legal Funding, a portion of your estimated lawsuit settlement is advanced to you by us before your case is settled. When your case settles, the cash advance plus fees is paid back to Metro Legal Funding.

Q: Is this a loan?

This is not a loan. This type of funding for plaintiffs in personal injury cases and other negligence cases is often referred to as litigation financing, pre-settlement funding, or legal cash advance. Unlike a loan, should you lose your case, you owe us nothing. The entire cash advance, including all the fees, is entirely forgiven. Legal funding is a way to focus on your case without the burden of financial hardship while waiting for the case to settle and receiving your settlement.

Q: Are there any up-front costs to get a cash advance?

There are no up-front costs to apply. Nothing will be paid unless and until you recover funds. In the event you receive a funding from us, an underwriting and documentation fee will be collected at the time our funding fee is paid. Our final proposal to you will clearly describe all the fees and the final costs.

Q: Do I have to make monthly payments on the cash advance?

No. There are no monthly payments while you wait for your settlement. Plus if you lose your lawsuit, you owe us nothing. We get paid only if you get paid.

Q: What happens if I lose my lawsuit?

If you lose your case, you owe us nothing. There is no risk to you – if your case loses the cash advance is forgiven.

Q: How long does it take?

After we receive your case information and if you are eligible we can have your approval within 24 – 48 hours.

Q: Is this legal?

Yes. As the plaintiff in a personal injury lawsuit, you can sell or assign all or a portion of your claim to fund your legal expenses and/or your personal living expenses. A portion of the claim was already assigned to your Attorney as your contingency fee.

Q: Is this expensive?

Yes, legal funding is expensive. We strive to provide some of the best rates available for non-recourse pre-settlement funding. However this type of finance is expensive. We recommend that you first try less expensive resources such as banks, credit cards or family and friends before using any legal funding service.

Q: Am I eligible for your services?

If you have been injured as a result of an auto accident, slip & fall, medical malpractice or product liability, and are represented by an attorney, you may be eligible for an advance on your pending personal injury settlement. There are no credit checks or lengthy applications and you do not have to be currently employed. To find out, simply fill out our Application or contact us toll-free at 1-855-MLF-FUND.

Q: What if I have poor credit, or have filed for bankruptcy?

Legal funding requires no credit checks or credit requirements. Poor credit or even bankruptcy is not necessarily a problem. You qualify for a cash advance solely on the basis of your lawsuit.

Q: What are the minimum and maximum amounts you will advance?

The minimum is $500 and the maximum is unlimited.

Q: What does Metro Legal Funding, LLC charge for cash advance?

All fees are typically determined on an individual basis by Metro Legal Funding, LLC. We strive to keep our rates and fees are among the lowest in the industry. All charges will be clearly spelled out for you in our written agreement prior to funding and prior to any obligation.

Q: How do I get a cash advance or legal funding?

First, complete our application. You can complete the application either on our website, over the phone by calling 1-855-MLF-FUND, or print out our application and fax or e-mail it to us. Next, your case is evaluated by our team of experts, which usually takes no more than a couple of days. Once your case is approved, we issue a cash advance against the future payment of your personal injury case.

Q: Does Metro Legal Funding, LLC get involved in the case?

No. We are not a law firm. We do not interfere with the attorneys handling of the case. Our only involvement is to initially review the attorney’s file so that we can evaluate the claim and for periodic case status updates. We do not influence you or your attorney in the handling or disposition of your case.

Q: Can I seek my attorney’s advice regarding Metro Legal Funding service?

Absolutely, in fact, we encourage you to do so. Your attorney will be required to sign the final agreement.

Q: What types of cases does Metro Legal Funding fund?

Virtually any case in which you have been injured due to another insured party’s negligence, have provable injuries and have hired an attorney. See Types of Cases.

Q: What can I use the money for?

You can use the money for any legal reason or purpose.

Q: Can you fund my workers compensation case?

Metro Legal Funding does not presently fund workers compensation cases. When we begin funding workers compensation cases, we will update this website.

Q: Can I receive money if I have already received money from another funding company?

Possibly. For Metro Legal Funding to provide additional funding, we would likely seek to buy-out the position of the first funding company. Please ask us about it.

Q: Is my case information kept confidential?

Yes. All of your information will be kept confidential and will only be shared with our underwriters for the purpose of evaluating your application. Otherwise, we do not disclose information unless directed by you, your attorney or pursuant to a lawful court order or subpoena.

Q: Can you give legal advice?

No. We are not attorneys. We cannot give you legal advice. We highly recommend you consult an attorney for any legal questions or advice. We also advise you to contact your attorney and inform him/her of your desire to enter into this type of transaction.

Q: How Can I benefit from a lawsuit advance?

Plaintiffs are sometimes forced to accept a low offer due to the financial hardship that many victims experience soon after their personal injury. An advance on your settlement will allow your attorney the time needed to get the full value for your case.

Q: Can you fund cases for a plaintiff under 18 years old?

No. We do not provide funding to minor children or to the parents or guardians on behalf of a minor child. However, an application for funding may be submitted if the child turns 18 years old prior to settlement of the claim.

Q: What information is required for funding?

For all cases, we need a copy of your lawsuit, if one has been filed, as well as relevant medical records and reports.

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By submitting this application you are authorizing Metro Legal Funding to contact you and your attorney.