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Settlement Loan Application

Settlement Lenders FAQ

Why should I get a settlement loan?

It’s simple. Bills and expenses are due now, not in the future when your settlement money comes in. We understand this so if you need money for living expenses, legal fees, medical bills or estate fees and you cannot afford to wait, we can help. As an added benefit, we have found that clients who take out lawsuit loans or settlement loans tend to get bigger settlements on their personal injury claims. Why? Because you, the client, can be patient and let the lawsuit play out to its fullest potential.

Can I advance on a structured settlement?

No. Once the structured settlement has been put into place, it cannot be modified. This is required by the Canada Revenue Agency (CRA) in order for you to receive your payments tax free. You have the irrevocable right to receive the payments as they were originally designed.

What is a lawsuit or settlement loan?

Settlement loans are loans made to someone who is pursuing a future settlement or payout from a lawsuit, inheritance, house sale, medical malpractice, or any other situation. The money is coming in the future, but the client needs money now. The loan does not have to be repaid while the client is waiting for the funds from the future settlement. The loan is only repayable at the end, when funds arrive. Plus there are no restrictions on where the money you get from a settlement loan can be used. It can be used for anything, like living expenses, medical bills, or legal fees. It is up to you!

Why should I choose Settlement Lenders for a settlement loan?

We are lawsuit loan and settlement experts, and we have over 30 of experience! We get you more money fast, often on the same day you call! There are no credit checks and no hassles. You do not have to make monthly payments. You never even have to leave your house. It is just that simple!

We are focused on getting you the money you need now and we are willing to take a chance on risky situations. Tell us your story. Our Experts are highly knowledgeable, will answer any questions you have, and make the final decision with you on the spot.

What are the most common situations in which Settlement Lenders will provide a settlement loan?

There are many situations, but some of the most common are:

  1. You have money coming in the future as a result of a car accident, insurance claim or lawsuit
  2. You are listed as a beneficiary in a will and the money is not here yet
  3. You have sold your house and funds are not expected to arrive for a few months, or perhaps longer
  4. You have been physically injured due to someone else’s negligence (in a slip and fall or medical malpractice, for example), and you are pursuing a lawsuit.

We will look at any situation where money is coming in the future but you need cash now.

What is the application deadline?

There is no deadline! If you have a payout coming in the future, we can get you money now.

Can I get a loan if I already owe another company?

Absolutely! Where other lenders say “No”, we say “Yes”; we assess the file and frequently are not only able to assist with more money but also provide a sufficient extra amount in order to pay out the original loans. Our goal is to make sure you have the money you need whenever you need it.

How much money can I get?

We do not have limits; some clients need $500 and others need $50,000. How much money you get depends on the amount you need, the amount you are going to get in the future, and the length of time it will take to get it.

We counsel our clients to be responsible borrowers, and to not take more than they need. If your situation changes, you can always apply for additional funds as we are not a “one time” lender. Some of our clients have returned many times, as their needs change and the funds have not yet arrived.

Can I arrange to get money every month?

Yes. We can customize your advance and send you money every month until your funds arrive.

Where do I have to live to be eligible for a loan?

We take applications from anywhere in Canada, coast to coast (excluding QC).

How do you find your clients?

The vast majority of our clients are sent to us through lawyer referrals; we have a wide network of lawyers who put their trust in us and rely on us to help their clients pay their daily expenses.

Whether the situation involves a personal injury lawsuit, inheritance, or a home sale, we are the first choice of many lawyers across Canada. Our satisfied clients also recommend us to anyone who may need settlement loan services.

Why won’t my lawyer just lend me the money?

Lawyers are usually prohibited by law or professional conduct codes from making loans to clients.

Many lawyers turn to Settlement Lenders because they have come to know and trust us. We have served their clients exceptionally well over the years; it is also important that their clients have enough money to live in order to avoid reducing true value of a claim and settling for less than they deserve. Desperate clients may wind up with small settlements because the lawyer on the other side knows that the client will agree to almost any amount to get at least a little bit of cash. We do not think this is fair and we want to help. A well-funded client can hold on while their lawyer negotiates for a bigger settlement.

How much does a settlement loan cost?

The exact costs depend on the amount of the loan and the time it takes to pay it back. We charge an initial administration fee as well as a monthly interest rate, although there is no requirement to make monthly payments, the loan is completely open and you can make payments of any amount at any time. Our rates are highly competitive with other providers in the settlement loan industry.

The cost of the loan is usually not the deciding factor for most clients; day to day living and getting a fair settlement are often the driving things being considered. Depending on the nature of the future settlement, some of the costs of the loan may be recoverable or passed on to your adversary in the lawsuit.

View rates & disclosure./rates-disclosure/

How do I repay my loan?

No payment is needed until your future settlement is received or your lawsuit ends. At that time, we provide a payout statement to whomever will be sending you the funds and they will make two cheques, one to us for the amount owing and the remainder to you. It is processed automatically.

Although there is no requirement to make regular loan payments you may choose to do so; the loan is completely open and flexible. Win the lottery and pay us out, no problem! Again you may also choose to make monthly payments or even pay the loan in full prior to settlement, but it is NOT required in our terms.

How do I apply?

It’s easy, submit on line here. It only takes about 30 seconds.

Want to make it happen faster? Talk to one of our Experts at 1-866-210-7200 during regular business hours (Mountain Standard Time). We would love to chat about your situation and see how we can help.

We’re Always Standing by to Help!

Our team is well-trained, courteous, and understanding

Why Should I Get an Advance Lawsuit Settlement Loan?

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 or settlement, we can help.

Clients who take out lawsuit loans or settlement loans tend to get bigger settlements on their personal injury claims.

Why? Because you, the client, can be patient and let the lawsuit play out to its fullest potential.

Which Lawsuit Loan is Best for You?

We offer 3 distinct loan products to suit your needs

Lump Sum Loan

  • You receive the total amount of your loan in one cheque.
  • We follow up with you and your lawyer every 6 months to see how the claim is progressing and potentially advance more money.
  • You get the money you need in one lump sum.

Monthly Living Allowance

  • Based on the clients needs, we approve a recurring monthly loan for a 6 month period.
  • We follow up with the client and lawyer at the end of the 6 months to see how the claim is progressing and to assess any further funding needs.
  • Subject to review, the Monthly Living Allowance product may be renewed for another 6 month term.
  • Provides guarantee of cash flow for at least 6 months allowing you focus on healing and getting your life back together again.
  • Your interest is spread out over the 6 month period which reduces the cost of borrowing.

Line of Credit Loan

  • Your maximum loan amount is established upon the first assessment.
  • You can withdraw your cash as required; similar to a bank account.
  • We follow up with the client and lawyer every 6 months to see how the claim is progressing and potentially advance more funds.
  • You control the use and expenditure of your funds.
  • No interest accrual on funds not withdrawn; you pay only on the actual funds you withdraw.
  • One approval process.

Here’s What Our Clients Have to Say!

If you have feedback for us we want to hear that too!

  • You are a breath of fresh air. When you’re in time of need. Stacey was there. Thank you very much.

    Robert K.
  • I appreciate your company for helping people in need.

    Omar A.
  • I was in dire strait financially and Settlement Lenders Inc. came to my rescue. The service was faster than my expectations.

    Joyce T.


Know someone who needs an advance settlement loan? If so, we’d love you to send them our way.

If your referral results in a loan, we will pay you $100 cash.

Te refer someone, just fill out this form. If the referral results in a loan, we’ll give you $100!

Small Print Can Hide Big Dangers! 

Settlement loans have been around for 36 years here in Canada. How do we know that? Because we were the first settlement loans provider in Canada. That’s right, Settlement Lenders has been around since the very beginning and we use our unrivaled experience to give our clients the very best service every single day.

Recently, some of our competitors have begun advertising lower rates but do not be fooled. While other companies hide the real story in their small print, all our loans are completely transparent from start to finish. 

Settlement Lenders






Settlement Lenders Rates and Disclosure

  • Term length of a settlement loan

There is no minimum or maximum term for a settlement loan. The term of the loan depends on how much time it takes for the case to settle. The period of the loan is more than 61 days. The time it takes to settle is dependent on the type of claim, the complexity of the case, and the size of the claim. On average, most of our clients settle and pay out within 18-24 months

  • The costs associated with a loan

A 20% administration fee is applied to all settlement loans. Interest is accrued as scheduled:

  • In the first year of the loan, the APR is 19.95% based on a monthly compounded interest rate of 1.66%.
  • In subsequent years the APR is 29.95% based on a monthly compounded interest rate of 2.49%.
  • There is no minimum term associated with the loan.
  • The loan is completely open; you may pay out at any time without penalty.
  • Representative example:

Assumed borrowing of $1,000.00 over 1 year at fixed rate of 19.95% (APR) with the inclusion of the 20% administration fee results in a total cost of borrowing of $523.49.

Assumed borrowing of $2000.00 over 2 years at fixed rate of 19.95% (APR) for the first year and 29.95% (APR) for the second year with the inclusion of the 20% administration fee results in a total cost of borrowing of $2,095.85.