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info@claimsfunding.co
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FAQ’s

Frequently Asked Questions & Answers

What is Claims Funding?

Claims Funding is designed to provide an individual with non-recourse financial resources to strengthen a claims application. This enables an individual to maximize the value of a claim and the potential compensation they will receive.

What is non-recourse?

What can the fund 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 quick online application to understand your requirements. Once this is complete your details are transferred to a senior executive in the litigation funding team for review purposes. This executive will then contact you directly to discuss your requirements. Once an application is approved a funding document must be completed and returned. Once this is received funds can be advanced within a matter of days.

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

Do we have to prepare the legal agreements?

How much will you lend?

Where does the money 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?

At what stage 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

Applications approved within days

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