FAQ
Frequently asked questions.
If you don't see your question answered here, send us a note at hello@firstchoicelegalfunding.com and we'll get back to you the same business day.
Is pre-settlement funding a loan?
No. A pre-settlement advance is a non-recourse purchase of a portion of your future settlement. There is no personal liability, no monthly payment, and no fixed maturity date. We are repaid only when (and if) your case results in a recovery.
What happens if I lose my case?
You owe us nothing. That's what "non-recourse" means. We assume the risk that the case may not result in a recovery — and we only profit when our clients do.
Will you check my credit?
No. Approval is based on the merits of your case — liability, damages, and the defendant's ability to pay — not your credit history, employment status, or income.
How fast can I get funded?
Most clients are funded within 24 to 48 hours of attorney verification. The biggest variable is how quickly we hear back from your attorney's office.
How much can I get?
Advances typically range from $500 to over $100,000 depending on the case. As a general rule, we advance up to 10% of the conservatively estimated settlement value.
How much will I owe at settlement?
Every contract spells out the total amount payable at common case-resolution dates so you can see the cost clearly before you sign. Costs scale with how long the case takes to resolve.
Do I need an attorney?
Yes. We only fund cases where the plaintiff is represented by an attorney on contingency. Your attorney's role is to verify case details and execute a lien against the eventual settlement.
Will my attorney be charged?
No. There is no cost or fee for your attorney to participate. We typically only need a brief case-status confirmation.
Can my attorney refuse to cooperate?
An attorney can decline to execute a lien for a number of reasons. If that happens, we'll let you know promptly so you can decide your next steps.
What can I use the funds for?
However you need them — rent, mortgage, medical bills, groceries, transportation, lost wages. We do not restrict how you spend the advance.
Can I apply for funding more than once?
Yes. Many clients receive an initial advance and request additional funds later as their case progresses. Each new advance is reviewed individually.
Is this available in my state?
We consider applications from all 50 states. Specific terms, allowable rates, and disclosure requirements vary by state — your contract will reflect any state-specific provisions that apply.