Latest Update: As of September 29, 2026, the biggest recent change affecting lawsuit loans is New York’s Consumer Litigation Funding Act, which took effect on June 17, 2026. Diamondback Funding is based in New York. For funding agreements signed on or after that date, the law caps a funder’s total charges at 25% of the plaintiff’s gross recovery and gives borrowers 10 business days to cancel without penalty. It does not apply to agreements signed before June 17, 2026. We did not find any newer announcement from Diamondback Funding about changes to its own rates or terms, so always check your contract for the exact numbers.
Last updated: September 2026
Lawsuit loans from Diamondback Funding give injured plaintiffs fast access to cash before their personal injury or civil case reaches a settlement. These are not traditional loans. They are pre-settlement cash advances, and the way they work, what they cost, and what risks come with them are not always spelled out clearly.
This guide covers everything you need to know about Diamondback Funding’s lawsuit loan products in 2026. You’ll learn who qualifies, how the approval process works, what the real costs look like, and how this company stacks up against other legal funding options.
One fact that surprises most people: lawsuit loans can carry interest rates that double or triple the amount you owe by the time your case settles. That’s the number every applicant should understand before signing anything.
Lawsuit Loans Diamondback Funding: What This Company Actually Offers
Diamondback Funding is a pre-settlement legal funding company that advances cash to plaintiffs who have active lawsuits pending. The company operates in the legal finance space, sometimes called “litigation funding” or “lawsuit lending,” offering money now in exchange for a portion of your future settlement.
The company targets personal injury plaintiffs, accident victims, and civil claimants who cannot wait months or years for their cases to resolve. Bills pile up. Rent doesn’t pause for your court date.
Diamondback Funding markets its product as a “risk-free” advance because of its non-recourse structure. That means if you lose your case, you technically owe nothing back. But if you win or settle, the repayment amount can be significantly higher than what you originally received.
| Feature | Detail |
|---|---|
| Company Type | Pre-settlement legal funding provider |
| Primary Products | Lawsuit cash advances, pre-settlement loans |
| Loan Structure | Non-recourse (no repayment if you lose) |
| Case Types Funded | Personal injury, auto accidents, workers’ comp, mass tort |
| Typical Advance Range | $500 to $250,000+ depending on case value |
| Repayment Trigger | Only upon case settlement or court award |
The “no risk” framing is real in one specific sense: your credit score doesn’t matter, and you don’t pay out of pocket if the case fails. But the financial risk to your total settlement is very real and worth examining closely.
How Do Lawsuit Loans Work in 2026?
A lawsuit loan works by giving you cash today that you repay from your settlement later, with fees added on top. The lender is not betting on you as a borrower. They’re betting on your case.
Here’s the actual sequence of events:
- You file a lawsuit (or have one pending)
- You apply to a legal funding company like Diamondback Funding
- The company reviews your case, not your credit
- If they approve your application, they send you money
- When your case settles, your attorney repays the advance plus fees directly from the settlement proceeds
The company profits because the fees accumulate over time. The longer your case takes, the more you owe. In a market where personal injury cases routinely take one to three years to resolve, those fees can compound into a significant amount.
Think of it like a payday loan scaled to your lawsuit. You get money fast. The cost of that speed gets paid later, from the money you were already counting on.
Key stat for 2026: The average personal injury lawsuit in the United States takes between 12 and 36 months to resolve, which means the compounding fees on a lawsuit loan run for at least one full year before most plaintiffs see any settlement money.
Diamondback Funding Reviews: What Borrowers Say in 2026
Diamondback Funding reviews from actual borrowers in 2025 and 2026 show a mixed picture that’s common across the legal funding industry. Speed and accessibility get praised consistently. Costs and transparency get criticized just as consistently.
Positive feedback tends to cluster around three points:
- Fast approval: Many applicants report receiving funds within 24 to 48 hours of applying
- No credit check: Approval is based on the strength of the lawsuit, not financial history
- No monthly payments: Nothing comes out of pocket during the case
Negative feedback focuses on surprise costs at settlement:
- Borrowers report that the total repayment was much higher than they expected
- Some reviews mention that the original advance was a small fraction of the final amount owed
- Fee disclosures are criticized for being buried in contract language
What this tells you: Diamondback Funding performs well on the delivery side of the transaction. The problems show up at repayment time, which is consistent with the entire legal funding industry in 2026.
Diamondback Funding Rates: What You’ll Actually Pay
Diamondback Funding rates, like most legal funding companies, are structured as monthly fees or compounding interest rather than a simple flat percentage. This is the most important financial detail for any borrower to understand.
A common rate structure in the legal funding industry looks like this:
| Advance Amount | Monthly Rate | Amount Owed After 12 Months | Amount Owed After 24 Months |
|---|---|---|---|
| $5,000 | 3% per month | $8,627 | $14,874 |
| $10,000 | 3% per month | $17,254 | $29,748 |
| $25,000 | 2.5% per month | $38,975 | $60,624 |
| $50,000 | 2% per month | $71,593 | $102,395 |
These figures represent compounding monthly interest applied to the original principal. Diamondback Funding’s specific rates are not publicly disclosed on their website, which is standard practice in the industry. You receive the exact rate in your contract documents at the time of approval.
One thing to always ask before signing: whether the rate is simple or compound. Compound monthly rates grow exponentially. A 3% monthly rate sounds modest until you do the math on a 24-month case timeline.
Key Takeaway: Lawsuit loans from Diamondback Funding provide fast cash for plaintiffs, but the interest structure compounds over time, and the total repayment cost at settlement can be two to three times the original advance amount depending on how long the case runs.
Who Qualifies for a Lawsuit Loan?
Almost anyone with an active lawsuit and a reasonable chance of winning qualifies for a lawsuit loan from companies like Diamondback Funding. The approval criteria are very different from a bank loan.
Standard qualification requirements in the legal funding industry:
- You must have an attorney representing your case on a contingency fee basis
- Your case must be filed and active (not pending filing)
- The lawsuit must involve monetary damages (not criminal defense cases)
- The expected settlement or award must exceed the advance amount you’re requesting
What does NOT affect eligibility:
- Credit score or credit history
- Employment status or income
- Bankruptcy history
- Prior loans from other legal funding companies
The type of case matters more than anything else. Cases with strong liability evidence, documented injuries, and clear defendant responsibility are approved quickly. Cases with disputed liability, low damages, or complex legal questions may be denied or offered smaller amounts.
| Case Type | Typical Approval Odds | Common Advance Range |
|---|---|---|
| Auto accident (clear fault) | High | $1,000 to $50,000 |
| Workers’ compensation | Moderate to High | $500 to $25,000 |
| Slip and fall | Moderate | $500 to $15,000 |
| Medical malpractice | Moderate | $5,000 to $100,000+ |
| Mass tort / class action | Varies | $500 to $10,000 |
| Product liability | Moderate | $2,000 to $50,000 |
Lawsuit Loan Approval Process: Step by Step
The lawsuit loan approval process at Diamondback Funding is faster than a traditional bank loan because there are no income checks, no credit pulls, and no asset verification. The entire process focuses on your case.
Here is the typical sequence:
- Application submission: You provide your name, contact information, attorney details, and basic case information. This takes 10 to 20 minutes.
- Attorney outreach: Diamondback Funding contacts your attorney directly to gather case documents, police reports, medical records, and liability information.
- Case evaluation: An underwriter reviews the case strength, estimated settlement value, and whether the advance amount is appropriate relative to expected proceeds.
- Approval and offer: If approved, you receive a funding offer with the advance amount and full fee structure.
- Contract signing: You and your attorney review and sign the funding agreement.
- Fund transfer: Money is sent by wire transfer or direct deposit, typically within 24 to 48 hours of contract execution.
Your attorney plays a central role. Without an attorney willing to cooperate with the lender’s documentation requests, the process stalls immediately. Most personal injury attorneys are familiar with legal funding companies and will provide necessary case information without issue.
One important point: Your attorney cannot advise you to take a lawsuit loan or recommend a specific company without potential ethical implications. The decision is yours to make independently.
Pre-Settlement Cash Advance: How This Differs From a Regular Loan
A pre-settlement cash advance is not a loan in the traditional banking sense. The distinction carries real legal and financial weight. Banks lend you money based on your ability to repay. Legal funding companies advance you money based on your case’s ability to pay.
The core differences:
| Feature | Pre-Settlement Cash Advance | Traditional Personal Loan |
|---|---|---|
| Credit check required | No | Yes |
| Employment verification | No | Yes |
| Monthly payment required | No | Yes |
| Repayment if you lose | No | Yes |
| Interest rate | 2% to 4% monthly | 6% to 36% annually |
| Approval based on | Case strength | Creditworthiness |
| Repayment source | Settlement proceeds | Borrower’s income |
The “no repayment if you lose” feature is what separates legal funding from personal loans. It’s also what allows legal funding companies to charge much higher rates. They’re absorbing a risk that banks would never accept.
In 2026, the Consumer Financial Protection Bureau has been examining whether pre-settlement funding should be classified as credit products subject to federal consumer lending laws. That regulatory question is still open and could change how companies like Diamondback Funding operate.
Key Takeaway: A pre-settlement cash advance differs from a bank loan in three critical ways: no credit check, no monthly payments, and no repayment if you lose your case. But in exchange for those borrower-friendly terms, the interest rates are significantly higher than conventional lending.
Non-Recourse Lawsuit Loans: What That Term Actually Means
Non-recourse lawsuit loans are advances where the lender’s only repayment source is the lawsuit itself. If the case produces no money, the lender collects nothing. That is the definition, and it’s an important legal protection for plaintiffs.
The practical meaning for you as a borrower:
- The lender cannot sue you for repayment if you lose
- The lender cannot garnish your wages if the case fails
- The lender cannot report a default to credit bureaus if the case resolves with no payment to you
- The only money at risk is a portion of your settlement, if any settlement exists
The non-recourse structure sounds entirely protective of the borrower. But it has a cost. Legal funding companies price their risk into the interest rate. Because some cases result in zero recovery, the companies charge higher rates on all cases to offset those losses.
Think of it like insurance. People who never make a claim pay premiums that cover people who do. Plaintiffs who win big settlements effectively subsidize the losses the funding company takes on cases that fail.
What “recourse” would mean: A recourse loan would allow the lender to pursue you personally for repayment even if your lawsuit produces nothing. No legitimate legal funding company offers recourse advances. If you ever see that term in a contract, walk away.
Lawsuit Loan Interest Rates: The Numbers You Need to See
Lawsuit loan interest rates are the most contested aspect of the legal funding industry in 2026. The rates are high by conventional standards, and the way they compound over the life of a case can dramatically reduce what a plaintiff takes home.
Most legal funding companies, including Diamondback Funding, price their advances using one of three rate structures:
Structure 1: Flat fee per funding period
- Example: 20% every six months
- On a $10,000 advance settled after 18 months: you repay $16,000
Structure 2: Simple monthly interest
- Example: 3% per month, non-compounding
- On a $10,000 advance settled after 18 months: you repay $15,400
Structure 3: Compound monthly interest
- Example: 3% per month, compounding
- On a $10,000 advance settled after 18 months: you repay $17,081
The difference between simple and compound interest grows dramatically on multi-year cases.
| Rate Type | Original Advance | 12-Month Cost | 24-Month Cost | 36-Month Cost |
|---|---|---|---|---|
| 3% simple monthly | $10,000 | $13,600 | $17,200 | $20,800 |
| 3% compound monthly | $10,000 | $14,258 | $20,328 | $28,983 |
| 2% compound monthly | $10,000 | $12,682 | $16,084 | $20,398 |
Always ask the funding company to show you a payoff schedule at 12, 24, and 36 months. If they won’t provide that information before you sign, that is a serious concern.
Lawsuit Loan Risks: What They Don’t Tell You Upfront
Lawsuit loans carry real risks that are rarely discussed clearly in the marketing materials of legal funding companies. Every borrower deserves to understand these before applying.
Risk 1: Reduced settlement value
The more your case settles for, the more of it goes to repaying the advance, your attorney’s contingency fee, and any medical liens. In some cases, plaintiffs discover their net recovery after all deductions is very small relative to what they expected.
Risk 2: Pressure to settle early
Some plaintiffs accept lower settlement offers than their cases are worth because they are financially desperate and need the money. A lawsuit loan can relieve that pressure, but the accumulating fees create a different kind of pressure to settle before costs grow further.
Risk 3: Contract complexity
Lawsuit loan contracts are legal documents with significant financial consequences. Many plaintiffs sign without fully understanding the compounding rate, the payoff calculations, or the lender’s rights relative to their settlement.
Risk 4: Multiple advances
Some plaintiffs take more than one advance over the life of a long case. Each advance compounds separately and the total repayment can consume most of a modest settlement.
Risk 5: Attorney-lender tension
Attorneys have a fiduciary duty to act in your best financial interest. A legal funding arrangement that will leave you with very little from your settlement can create ethical complications for your attorney.
Key Takeaway: The four biggest risks of lawsuit loans are reduced net settlement payouts, pressure to accept low settlement offers, contract terms that are hard to understand without legal help, and the financial snowball effect of taking multiple advances on a single case.
What Happens If You Lose Your Lawsuit Loan Case?
If you lose your lawsuit after receiving a cash advance from Diamondback Funding, you owe nothing back. That is the core promise of a non-recourse advance and it applies regardless of why you lost. Dismissed cases, defense verdicts, and arbitration losses all trigger the same result: zero repayment obligation.
This applies in the following loss scenarios:
- Jury verdict in favor of the defendant
- Case dismissed by the court
- Settlement falls through with zero recovery
- Appeal results in your case being thrown out
- Your attorney drops your case and no new attorney takes it
What happens in practice:
The lender writes off the advance as a business loss. They do not contact you for payment. They do not file a collection action against you. The contract terminates with no financial obligation on your part.
One nuance to watch for: partial settlements. If your case settles for less than the total amount owed on your advance, the lender typically collects only what the settlement allows, up to the contracted maximum. Some contracts include caps on repayment as a percentage of the settlement. Others do not. Read your specific contract closely on this point.
Important: The lender will require written notice from your attorney confirming the outcome of the case. Do not assume the contract terminates automatically. Your attorney needs to formally notify the funding company when the case concludes.
Lawsuit Loan Repayment Terms: Breaking Down Your Contract
Lawsuit loan repayment terms vary by company and by case, but most legal funding contracts include a standard set of provisions that every plaintiff should understand before signing.
Key contract elements to review:
Repayment trigger: Payment is due upon settlement, court award, or other resolution of the case. Your attorney typically handles this directly from the settlement proceeds.
Payoff amount: The total amount owed at any given point in time. This should be calculable from the contract’s rate structure and funding date.
Repayment cap: Some contracts cap the total repayment at a percentage of the settlement (for example, no more than 20% or 30% of the total recovery). Contracts without caps expose plaintiffs to much higher costs on long cases.
Prepayment: Can you pay back the advance early if your financial situation changes? Some contracts allow it. Others restrict or penalize early payoff.
Lien position: The funding company typically has a contractual interest in your settlement proceeds. This is recorded as a lien, similar to a medical lien or attorney fee lien.
| Contract Element | What to Look For |
|---|---|
| Interest type | Compound vs. simple |
| Rate | Monthly percentage |
| Repayment cap | Percentage of settlement |
| Prepayment penalty | Yes or no |
| Payoff schedule | Provided or not |
| Loss protection | Confirmed non-recourse clause |
Ask for a copy of the contract at least 24 hours before you are expected to sign. Any company that pressures you to sign immediately without review time is not a company you should trust with your settlement.
Lawsuit Funding Loans: The Industry Landscape in 2026
Lawsuit funding loans as an industry generated an estimated $3 billion to $4 billion in advances to U.S. plaintiffs in 2024 alone, and that number has grown through 2025 and into 2026 as case timelines remain long and plaintiffs increasingly need financial support while litigation drags on.
The industry operates in a regulatory gray zone. Federal consumer lending laws generally do not apply to non-recourse advances because they are not technically classified as “loans” in most states. That classification distinction is the core legal debate in 2026.
Industry associations like the American Legal Finance Association (ALFA) promote voluntary rate disclosure standards and consumer-friendly contract terms. But membership in these associations is voluntary and does not guarantee any particular rate or term.
States have taken different approaches:
- States with disclosure laws: Require funding companies to provide plain-language cost disclosures
- States with rate caps: Limit how much a funding company can charge
- States with no regulation: Allow funding companies to set any rate they choose
The result is a patchwork system where your legal protections as a plaintiff-borrower depend heavily on which state your lawsuit is filed in.
Lawsuit Funding vs Traditional Loans: Side by Side
Lawsuit funding and traditional personal loans serve different financial needs for plaintiffs, and choosing between them requires an honest look at your total financial picture.
When lawsuit funding makes more sense:
- You have no income and cannot qualify for a bank loan
- Your credit score is poor or you have no credit history
- You need money specifically tied to your lawsuit expenses
- You want protection against losing money if your case fails
When a traditional loan might be better:
- You have good credit and can qualify for a low-rate personal loan
- Your case is expected to settle within six months
- The lawsuit advance amount you need is small and a personal loan at 8% to 15% APR is cheaper than a 2% to 3% monthly lawsuit loan rate
Direct comparison:
| Criteria | Lawsuit Funding Loan | Traditional Personal Loan |
|---|---|---|
| Annual cost (effective) | 24% to 60%+ | 6% to 36% |
| No repayment if case fails | Yes | No |
| Credit score required | No | Yes |
| Employment required | No | Usually yes |
| Repayment source | Settlement | Monthly income |
| Speed of funding | 24 to 48 hours | 1 to 7 days |
| Risk to borrower | Settlement proceeds | Personal assets and credit |
For a plaintiff with no income and a strong personal injury case, lawsuit funding can be a rational choice despite the higher cost. For a plaintiff with options, comparison shopping is critical.
Key Takeaway: Lawsuit funding loans cost significantly more than traditional personal loans on an annual percentage basis, but they offer a unique protection: no repayment if your case fails. For plaintiffs with no income or poor credit and a strong case, that protection has real financial value.
How Much Can You Get From a Lawsuit Loan?
The amount you can get from a lawsuit loan depends almost entirely on the estimated value of your case, not on your income or assets. Legal funding companies typically advance between 10% and 20% of the expected settlement value.
That ceiling exists because the company needs to ensure the advance plus accumulated fees will not exceed what your case is likely to produce. If your expected settlement is $100,000, you might receive up to $10,000 to $20,000. If you’re in a mass tort case with smaller expected payouts, the advance will be proportionally smaller.
Factors that increase the advance amount you qualify for:
- Strong liability evidence (clear fault by the defendant)
- Documented injuries with medical records
- Lost wages with verifiable employment history
- High-value defendants (corporations or insured individuals)
- Experienced attorneys with a track record of winning
Factors that decrease or limit the advance:
- Disputed liability
- Pre-existing medical conditions that complicate damages
- Low insurance policy limits on the defendant
- Prior advances already taken against the same case
- Unrepresented plaintiffs (you must have an attorney)
Typical advance ranges by case type:
| Case Category | Low End | High End |
|---|---|---|
| Minor auto accident | $500 | $10,000 |
| Serious auto accident | $5,000 | $100,000 |
| Slip and fall | $1,000 | $20,000 |
| Medical malpractice | $5,000 | $250,000+ |
| Workers’ comp | $500 | $25,000 |
| Mass tort or MDL | $500 | $15,000 |
Best Lawsuit Loan Companies 2026: How Diamondback Funding Compares
In 2026, the legal funding market includes dozens of active companies competing for plaintiff business. Diamondback Funding sits in the mid-tier of the market: not the cheapest option, but competitive on speed and accessibility.
The key comparison metrics when evaluating any legal funding company:
- Rate transparency: Do they publish rates or disclose them only after application?
- Rate cap: Do they cap total repayment as a percentage of settlement?
- Approval speed: How fast do funds reach you after approval?
- Case type range: Do they fund your type of case?
- Customer service quality: Can you reach a real person when you have questions?
Industry comparison snapshot (2026):
| Company | Estimated Monthly Rate | Non-Recourse | Repayment Cap | Typical Funding Speed |
|---|---|---|---|---|
| Diamondback Funding | 2% to 3.4% | Yes | Varies by contract | 24 to 48 hours |
| LawCash | 2.9% to 3.5% | Yes | Not standard | 24 to 72 hours |
| Oasis Financial | 2.5% to 3.5% | Yes | Available in some cases | 24 to 48 hours |
| USClaims | Flat fee structure | Yes | Not standard | 2 to 5 days |
| Peachtree Financial | Flat fee structure | Yes | Available | 1 to 3 days |
Rate estimates are based on publicly available industry data and should be verified directly with each company before any application.
Pre-Settlement Funding Companies: What to Look For Before Applying
Pre-settlement funding companies vary widely in how they treat plaintiffs, and picking the wrong one can cost you tens of thousands of dollars in excess fees. Knowing what to look for before you apply saves you that money.
Eight things to verify before choosing a company:
- Do they provide a written payoff schedule showing costs at 12, 24, and 36 months?
- Is the rate structure clearly explained as simple or compound?
- Is there a cap on the maximum repayment as a percentage of your settlement?
- Are there any upfront fees or application fees?
- Will they communicate directly with your attorney and provide case status updates?
- Are they a member of the American Legal Finance Association (ALFA)?
- Do they operate in your state with any required licensing?
- Do they have verifiable client reviews from third-party platforms?
Red flags that should make you walk away:
- Pressure to sign within hours of receiving the contract
- No written payoff schedule provided before signing
- Fees or charges before you receive your advance
- Refusal to communicate with your attorney
- No physical address or verifiable business registration
Your attorney can review any legal funding contract before you sign it. That review is worth the time. An attorney who spots a problem clause in the contract can save you more money than the advance itself is worth.
State Regulations on Lawsuit Lending: What Changed in 2025 and 2026
State regulations on lawsuit lending shifted meaningfully in 2025 and continued evolving into 2026. The legal funding industry is now facing more regulatory scrutiny than at any point in its history.
Key regulatory developments by state category:
States with new or strengthened disclosure laws (2025 to 2026):
States in this group now require legal funding companies to provide a standardized disclosure form before any contract is signed. The form must include the total advance amount, the rate type, a sample payoff calculation, and the non-recourse confirmation.
States with rate caps or pending rate cap legislation:
Several states considered bills in 2025 that would cap the effective annual rate on pre-settlement advances at 36%, mirroring the military lending rate cap. Some of those bills passed. Others stalled in committee but are expected to return in 2026 sessions.
States with no regulation:
In a majority of states, legal funding companies face no rate caps, no mandatory disclosures, and no licensing requirements specific to lawsuit lending. Federal intervention may change this picture if pending CFPB rulemaking on non-recourse advances moves forward.
| Regulatory Status | Description | Impact on Borrowers |
|---|---|---|
| Full disclosure required | Plain-language cost disclosure before signing | Higher transparency for plaintiffs |
| Rate cap in place | Maximum effective annual rate imposed | Lower costs, fewer high-rate companies operating |
| No state regulation | Company sets its own terms | Plaintiff bears full contract review burden |
| Pending legislation | Bills active in 2025-2026 sessions | Watch for changes in your state |
What this means for plaintiffs in 2026: Always ask the funding company what state laws apply to your contract and what disclosures they are required to make. If they cannot answer that question clearly, treat that as a warning sign.
Key Takeaway: The regulatory environment for lawsuit lending is actively changing in 2026. Plaintiffs in states with stronger disclosure laws and rate caps have better built-in protections. Plaintiffs in unregulated states must rely entirely on their own contract review and their attorney’s guidance.
Frequently Asked Questions
Are lawsuit loans from Diamondback Funding safe to use?
Diamondback Funding is a legitimate pre-settlement funding company operating in the legal finance industry.
The company offers non-recourse advances, which means you owe nothing if your case fails.
The main financial risk is the accumulating interest cost if your case takes longer than expected to settle.
How long does it take to get a lawsuit loan from Diamondback Funding?
Most applicants receive funds within 24 to 48 hours of completing the approval process.
The main variable is how quickly your attorney provides the case documentation the company needs for underwriting.
Complex cases with disputed liability may take slightly longer to evaluate.
What types of cases does Diamondback Funding accept for pre-settlement funding?
Diamondback Funding funds personal injury cases, auto accidents, workers’ compensation claims, medical malpractice, slip and fall, and mass tort litigation.
The case must be active, represented by a contingency-fee attorney, and seeking monetary damages.
Criminal defense cases and family law matters are generally not eligible.
Do I have to repay my Diamondback Funding loan if I lose my case?
No. Diamondback Funding advances are non-recourse, which means if your case produces no recovery, you owe nothing back.
This applies to dismissed cases, defense verdicts, and zero-recovery settlements.
Your attorney notifies the company of the outcome, and the contract terminates with no financial obligation.
How much does a lawsuit loan from Diamondback Funding actually cost?
The total cost depends on the advance amount, the monthly rate, and how long your case takes to settle.
A $10,000 advance at a 3% compound monthly rate costs approximately $14,258 after 12 months and $20,328 after 24 months.
Always ask for a written payoff schedule at 12, 24, and 36 months before signing your contract.
What To Do Next If You’re Considering a Lawsuit Loan
Lawsuit loans from Diamondback Funding can provide real financial relief during a long, difficult legal case. The key is going in with clear eyes about what the advance will actually cost by the time your case resolves.
Before you apply anywhere, ask your attorney to review any contract you receive. Know your rate type, your payoff schedule, and whether there is a repayment cap. Those three details will determine whether the advance helps you or eats the settlement you’ve been waiting for.
If you decide to move forward, compare at least two or three pre-settlement funding companies before choosing. Rates, caps, and contract terms vary enough that shopping around can save you thousands of dollars.
