What does pre-settlement funding cost?
At Criterica Capital, pre-settlement funding costs 2.0 to 3.5 percent per month, simple, which is 24 to 42 percent annualized. The rate is set from the case record and written in the agreement before signing. It is non-recourse: if the case does not produce a recovery, nothing is owed.
What that means in practice. The cost accrues monthly on the amount advanced. A case that resolves sooner costs less. There are no monthly payments; repayment comes from the settlement or award, through the attorney.
What to compare between funders. Simple versus compounding interest. A rate cap. Fees added on top of the rate. Whether the funder works through your attorney. Whether the pricing is published at all.
What Criterica Capital commits to. Published pricing, decisions within 24 to 48 hours of the attorney’s case information, and the Plaintiff Bill of Rights as a contractual commitment. Funding is available in 39 states and the District of Columbia.
Common questions
Is pre-settlement funding a loan?
No; it is non-recourse and repaid only from the recovery.
Does it affect credit?
There is no credit check and no credit reporting.
Who decides how much is advanced?
The advance is sized from the case record and the attorney’s information, not from need alone.
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