How is a lawsuit loan different than a conventional loan?
Conventional loans must be repaid regardless of your ability to repay them. A lawsuit loan or lawsuit advance only needs to be repaid if and when you win your lawsuit at trial or you and your lawyer reach an out-of-court settlement. Should you lose your case, or be forced to abandon it, you owe nothing. That’s why a lawsuit loan is really not a loan at all! • How much money can I receive? The amount of money you can receive depends on the probable value of your claim and its chances for a favorable outcome. Generally, a client is free to request any amount. • How much can I expect to pay for an advance from LawMax? Our rates depend on the amount of the advance and the level of risk associated with your case. An investment committee evaluates each case individually. Generally, because of the high risks associated with investing in lawsuits, clients can expect to pay a sizeable risk premium for the advance. • Is the contingent advance more expensive than a bank loan? Yes. A contingent ad
