Rocket Advance will not review your credit history when determining whether to fund your lawsuit. Our underwriting team will evaluate your case to determine its estimated value. If we believe that your lawsuit will secure a settlement or jury award and that funding will not impede your case, we will approve funding.If customers can’t find it, it doesn’t exist.
If you have filed a lawsuit or plan to do so, and are represented by an attorney, you are eligible for pre-settlement lawsuit funding. Please note that we do not provide pre-settlement funding services to anyone under the age of 18.
Although many use the term “lawsuit loan” or “lawsuit loans” to refer to funding services like Rocket Advance, that term is not correct. Rocket Advance pre-settlement funding is not a loan. If Rocket Advance funds your case, you will have to repay Rocket Advance only if you settle or win the lawsuit. If you lose your case, you owe us nothing. Therefore, the phrase “lawsuit loan” does not describe Rocket Advance funding, which is non-recourse advance. You repay ONLY if you win.
We will advance as little as $500 or as much as $250,000.
None. You will owe no money up front. There are no monthly payments. You must repay Rocket Advance only if you win or settle your case. If you lose your case, you owe us nothing.
We will work to get all the necessary information to make a funding decision. We will contact you when we decide whether to fund your case, by telephone if possible, so make sure we have a good contact phone number. We will contact you if any of the information you provided is incomplete.
We will perform all the work required to fund your advance. After you submit your application, please contact your attorney/law firm and let them know you give your permission to speak with us and collect any information or documents necessary to make a funding decision.
Surgical financing applications follows the same process as regular pre-settlement funding. But upon approval, we forward the funds directly to the doctor.
If we fund your case, Rocket Advance will enter into a lawsuit funding agreement with you and your attorney. The agreement will set forth the amount of the lawsuit advance provided, and any costs that apply to the advance. If you win your lawsuit, repayment of the advance will be due when you receive your settlement or award. If you lose your lawsuit, you owe Rocket Advance nothing.
Yes, absolutely. We encourage you to talk to your attorney about applying for a pre-settlement funding advance through Rocket Advance.
Your attorney may not have had experience with Rocket Advance or with the financial difficulties faced by personal-injury victims and other plaintiffs. Your attorney might be concerned about the following:
1) The cost of pre-settlement funding services and whether repayment of pre-settlement funding might affect attorney fees; Your attorney may not know that Rocket Advance pre-settlement funding is non-recourse funding. Non-recourse means that we are repaid only on a contingency basis. You repay Rocket Advance pre-settlement funding only if you receive a settlement or award. You owe Rocket Advance nothing if you lose your case. Attorneys’ fees are settled and paid before Rocket Advance receives any portion of any settlement or award.
2) Potential influence on the attorney’s handling of your case; Rocket Advance will not interfere with your case. We gather information about your case during the funding-application phase. We have no other involvement in your case. We will not attempt to influence or involve ourselves in the attorney’s handling of your lawsuit in any manner.
3) The administrative work involved; At Rocket Advance, we do not require the completion of an attorney questionnaire before determining whether to fund a lawsuit. Rocket Advance handles most of the clerical work involved in the legal funding process. The application process is fast and easy for plaintiffs and attorneys.
To apply for an advance, simply fill out our application form, call us and we will take your application over the phone, or email Rocket Advance. We have helped clients throughout the country obtain funding, regardless of whether they were good candidates for traditional bank loans. Contact us today to see if we can help.
Rocket Advance can structure your advance as a rolling contract, which provides you with more flexibility and lower rates than traditional lump-sum payments. For example, with a rolling contract, we can approve an advance of $24,000 and give you $2,000 a month for up to twelve months, rather than in a lump sum of $24,000. Rolling contracts enforce financial discipline and cost you less.