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Is there a difference between lawsuit loans, lawsuit funding and pre-settlement funding?

There really is no difference, these three names all refer to the same product. The term lawsuit loan is used because a loan is the easiest way to describe what is happening, somebody gives you money now and it gets paid back later. These are not loans because they are contingent on the outcome of the case and may never get paid back. It is just easier for the people selling the product to explain it as a loan. Lawsuit funding and pre-settlement funding are the same again, money is advanced to a plaintiff and will be repaid along with interest and fees out of the final settlement.

The Lawsuit Loan Facts page explains how these products work and why they can be a bad choice for all but a few unique plaintiffs.

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