Florida Lawsuit Funding: 3 Factors to Consider

Lawsuits in Florida are not uncommon. If you have been in a gruesome accident or another civil dispute, you may want a lawsuit to recover damages. For example, nearly three-quarters of all U.S. lawsuits filed by homeowners against their property insurance companies were made in Florida.

If you are a plaintiff in a Florida lawsuit and need money now, you may wonder if lawsuit funding is an option. Lawsuit funding, also known as pre-settlement loans, can provide cash to plaintiffs waiting for their cases to settle. However, there are a few points to remember before applying for a pre-settlement loan. 

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This blog post will discuss the most important factors to think about when looking for a company in Florida for lawsuit funding.

  1. The Strength of Your Case

Florida’s ratio of suits opened to claims closed without payment was eight times higher at nearly 28% than the next highest state, Connecticut, in 2018. This shows that many cases are filed in the state, but only a fraction leads to actual payouts. Therefore, when you apply for lawsuit funding, the provider will want to know the strength of your case and your likelihood of success.

The first factor they’ll consider is whether you have a good chance of winning your case. If the answer is no, it’s unlikely you’ll be approved for funding. 

Even if you have a strong case, the provider will also want to know how long it will take to settle. If your case is expected to drag on for years, they may be less inclined to approve your loan.

  1. The Amount of Money You Need

There are different cases where people will need different amounts of money. For example, if you have a more severe case, you might need more money to help with your expenses. Likewise, if you have a personal injury case, you might need more money to help with your medical bills.

You should consider how much money you need to live on while your case continues. For example, if you cannot work because of your injuries, you will need enough money to cover your living expenses.

Other cases like employment discrimination or wrongful termination might not have as high of expenses, but you still need to be able to cover your costs while the case is ongoing.

You should also consider how long you will need the money. Some legal cases can take months or even years to settle. 

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  1. How Soon You Need the Money

In emergencies like unexpected medical bills or funeral costs, you need the cash advance as soon as possible. You may have more time to wait for a settlement in other cases. It may be worth shopping around for the best rates and terms if you have some leeway in timing.

Some lawsuit funding companies require that you repay the loan within a few months, while others give you a year or more.

Some companies may also offer to front the entire amount of your settlement so that you don’t have to pay until you win your case. It is called non-recourse funding, and it’s usually only available for larger settlements.


If you have filed a case in Florida, lawsuit funding can be a great way to level the playing field against wealthy defendants, insurance companies and large corporations. If you are considering lawsuit funding, there are several factors to keep in mind. First, make sure you understand the terms of the funding agreement. Second, understand the fees associated with lawsuit funding. When looking for a litigation firm, make sure you do your research beforehand to make an informed decision.

Categories Law