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Frequently Asked Questions & Answers

Who are Claims Funding?

Claims Funding are a specialist company that provide brokering services for litigation funding and ATE Insurance. Our solutions are designed to strengthen the claims process and protect claimants against the risk of adverse costs in the event of unsuccessful litigation. To find out more please contact us for a free review.

What is non-recourse?

What can the funding be used for?

How much funding can I apply for?

How much does the funding cost?

How is the interest calculated?

Do I have to repay the funding monthly?

Am I required to take out After the Event (ATE) insurance?

How does the process work?

How long does it take to get funding approved?

How long does it take to get the loan?

Does every solicitor have access to the scheme?

Can I apply for a loan if I am acting for myself?

What credit checks do you make?

Do I have to take independent legal advice?

What documents do I sign?

When can you call in the loan?

Can I change solicitor or stop proceedings?

Will the other side know about this loan?

How is this loan viewed by the Court?

How long do I have to repay the loan?

Can I repay the loan early?

If I am interested, what next?

How does the funding process work?

Once you contact us an advisor will complete a free no obligation review of your case and requirements. If your case meets the criteria for funding we will send you applications forms and request copies of supporting documentation relating to your case. Once all documentation is approved the funding application is then sent to our third party funders for underwriting. They will then carry out a detailed review of your case and requirements and start their due diligence on the case. During this time the funders will discuss matters directly with the claimant and legal team to gather as much information as possible. Once the funder has completed a full assessment of the case they will then make a decision on the funding application.

How long does the process take to get the loan in place?

Do we have to prepare the legal agreements?

How much funding can be secured?

Where does the funding get sent to?

How much does the loan cost?

How is the interest calculated?

What types of claims do you offer funding on?

Do you need security for your loan?

Do you take an assignment of the proceeds of the claim?

Is the loan regulated?

Is the loan just to pay for solicitors’ costs and disbursements?

What credit checks do you do?

What happens if the client changes solicitors?

When can funding be applied for?

Why Use Us?

Funding from £1,000 - £1m+

Non-Recourse Only Repay If You Win

No Repayments Until Claim Is Settled

ATE InsuranceOwn & Adverse Costs

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