Wilsonville, IL asked in Personal Injury for Illinois

Q: Can I get a cash advance on a lawuit that has not been to trial or has a settlement amount. I have a essure lawsuit.....

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1 Lawyer Answer
Steven Sigmond
Steven Sigmond
Answered
  • Chicago, IL
  • Licensed in Illinois

A: Sometimes.

From the attorney, no, never. It is illegal for an attorney to advance money to a client as a loan against a case. However, there are licensed legal lending companies in Illinois that can do this. They evaluate the situation on a case-by-case basis. When they do issue a loan, the interest rates are high due to the risky nature of the loan. Your personal injury lawyer may work with these companies or may not, different lawyers feel differently about them.

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