Pre-settlement funding provides money to qualifying clients before a legal claim settles. It is not a traditional loan, and there are no monthly payments. Repayment comes from your case proceeds if there is a settlement or recovery, subject to the terms of the funding agreement.
If your case does not result in a settlement or recovery, repayment is generally not owed, subject to the terms of the funding agreement. Pre-settlement funding is non-recourse, and there are no monthly payments.
Non-recourse funding means repayment comes from your case proceeds if there is a settlement or recovery. If there is no settlement or recovery, repayment is generally not owed, subject to the terms of the funding agreement.
Getting legal funding is a simple three step process:
Qualifying clients may receive between $500 and $100,000 in pre-settlement funding. Each request is reviewed individually based on available case information, attorney input, and potential recovery. The approved amount may differ from the amount requested. Submitting an application does not guarantee approval or funding.
Scryp typically provides an application response within two business days, though timing may depend on the application, available case information, attorney response, the review process, and agreement completion. An application response is not a promise that funds will be received within two business days. If approved, you must review and complete the funding agreement before funds are provided.
No. Legal funding does not require a high credit score to apply or get approved. Pre-settlement funding is not a loan, so the client's credit score is not considered in the legal funding request process.
Applying for legal funding is free. The cost of pre-settlement funding depends on the amount requested, the amount approved, and the funding terms. If approved, your funding agreement will explain the amount you receive, any fees or charges, and the amount that may be repaid from your case proceeds. The amount repaid may be more than the amount advanced, and charges may depend on the agreement and how long the case takes. There are no monthly payments; repayment comes from your case proceeds if there is a settlement or recovery, subject to the terms of the funding agreement. Review the agreement carefully and discuss the terms with your attorney before signing.
