Settlement Loans
Car Crash. Need Cash?
You are eligible to apply for a settlement loan if you have a lawyer and an ongoing claim, including:
- Slip and Fall
- Motor Vehicle Accident
- Short-term and Long-term Disabillity
Our Application Process
01
Application
Fill out our loan application online. Our client service representatives are available to help you through the entire process.
02
Review
03
Approval
Settlement Loans
Our Loans
We speak with your lawyer and review your case to assess your application. Our client service team can recommend a settlement loan solution that best meets your needs.
Lump-Sum Loan
Our Lump-Sum Loan solution allows you to access the full loan amount, for payment at one
time. There is no minimum or maximum amount, but we do encourage clients to only borrow
what they need.
Facility Loan
Our Facility Loan solution acts as a line of credit where interest only accrues on the amount advanced. We’ll approve the loan amount, allowing you to withdraw funds as needed. You may also choose to set up a monthly schedule for budgeting purposes.
Our Terms and Fees
- Stress-free repayment. No interest payments until you receive a personal injury award or settlement.
- Easy approval process. Our client service team will walk you through the process.
- No credit check, no collateral and no monthly payments.
- Competitive fees and transparent terms. We charge interest on a monthly basis with a one-time administration fee payable out of your settlement funds. Our interest rates and fees are competitive and completely transparent — with no hidden fees or charges.
Loan Chart
| Lump Sum | Facility | |
|---|---|---|
| Loan Size | No minimum | No minimum |
| Interest Rate | 19.95% per year, compounded monthly for the first year. 29.95%, compounded monthly, for year two and on. | 19.95% per year, compounded monthly for the first year. 29.95%, compounded monthly, for year two and on. |
| Payments | None | None |
| Credit check/collateral required | None | None |
| Administration Fee | Up to 20% | Up to 20% |
Frequently Asked Questions
Absolutely. Our online application is safe and secure, and we do not share client information with third parties. Feel free to review our Privacy Policy and Terms of Use.
If the Claim has ended or been disposed of by a judgment of a court of competent jurisdiction, we assume 100% of the risk.
Structured settlements were introduced by the Government of Canada, to invest settlement monies on behalf of those made vulnerable by injuries, in something that is not likely to be lost prematurely.
These settlements are available, upon the consent of the casualty insurance company or by court order, and are purchased by the casualty insurance company on behalf of the claimant. They are only available at the time of settlement. As they are non-assignable, non-commutable and non-transferable by law, Settlement Lenders cannot loan against these investments.