Car Crash. Need Cash?
You are eligible to apply for a settlement loan if you have a lawyer and an ongoing claim, including:
Our Application Process
Fill out our loan application online. Our client service representatives are available to help you through the entire process.
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.
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.
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
Frequently Asked Questions
|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.|
|Proof of Income||None||None|
|Credit check/collateral required||None||None|
|Administration Fee||Up to 20%||Up to 20%|
Our settlement loans are non-recourse, which means if you legitimately lose your case, you owe us nothing. 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.