Are my interest rates going to change?
No, your interest rate with Easy Legal Finance will not change. The rate you start out with is the rate you maintain for the life of your settlement loan.
My credit is bad. Can you still help?
We can. Our approval process does not even take your credit history into account.
My injury has forced me to give up my job. Will Easy Legal Finance still consider me a viable client?
Yes. Easy Legal Finance does not require proof of employment and we do not need to verify your household income.
I don’t have any assets. Can I still apply for a settlement loan?
You can. We do not ask for collateral on your loan. We base our approval process on your case and claim.
How long does it take to get a loan?
We review your completed application as soon as possible. Typically, a decision is made within 24-48 hours upon receipt.
Do you charge an application fee?
There is no application fee payable for submitting an application. When our staff has completed our review and determined that a loan can be advanced, an administration fee of $375 plus HST/applicable taxes will be required.
How big of a loan can I get?
Our minimum advance amount is We typically fund 10-15% of our estimate of your claim’s value.
Why do you only fund a portion of my claim?
We provide settlement financing to help you manage your short-term bills and help ease the immediate financial stress you may be facing, as a result of your injuries. We do not want to burden you with unnecessary advances to cover other costs that you may be able to finance through other sources.
How do I pay back my loan?
You pay back your loan once you win in court and your lawyer receives the litigation proceeds, or a personal injury settlement. You will receive the net proceeds from your case. Up until that point, Easy Legal Finance does not require monthly or interim payments. As a result, you will have use of your litigation loan to put toward expenses of your choosing, without any interest payments required. We take on 100% of the risk with respect to your Easy Legal Finance pre-settlement loan.
Is my personal information secure with Easy Legal Finance?
Absolutely. Easy Legal Finance’s online applications are safe and secure, and we do not share client information with third parties.
What if I lose my case?
Our settlement loans are non-recourse, which means if you lose your case, you owe us nothing.
Can I borrow against a structured settlement?
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, Easy Legal Finance cannot loan against these investments.