Frequently Asked Questions

Clients have expenses that simply can not wait until the future funds come in to pay. In many accident situations the client has not been able to work while expenses have continued. Daily hardship is often a big factor for seeking help. A settlement loan keeps clients going.

Settlement Lenders Inc., is located in Edmonton, Alberta. We have been making settlement loans for over 20 years. Our experienced professionals are true Experts and understand your situation. They move fast to get you your money, answer any questions you have, and help you bridge the gap between todays needs and the future money arriving. If you reach out they do the work from there. Just reach out!

There are many situations, but some of the most common are; 

1. You have money coming in the future as a result of a car accident, insurance claim or lawsuit; 

2. You are listed as a beneficiary in a will and the money is not here yet; 

3. You have sold your house and funds are not expected to arrive for a few months, or perhaps longer; 

4. You have been physically injured due to someone else’s negligence (in a slip and fall or medical malpractice, for example), and you are pursuing a lawsuit. 

We will look at any situation where money is coming in the future but you need cash now. Just fill out an application using the form found here, and let’s see if our Experts can figure out a way to help you out!

Lawsuit Loans and Settlement loans are most commonly given in lawsuits involving automobile accidents, slip and fall accidents, medical malpractice, wrongful death and class actions. We will also loan funds where, for example, you are expecting inheritance funds, or where you have sold your house and funds are not expected to arrive for a few months, or perhaps longer. We will look at any situation where money is coming in the future but you need cash now. Just fill out an application using the form found here, and let’s see if our experts can figure out a way to help you out!

There is no deadline! You can apply once you feel you have money coming to you in the future. You can apply even if you don’t know how much you may be receiving. You can also apply if you already received financing elsewhere, but now need more.

Yes! Other lenders have often said “No” they will not help on a second or third request. We assess the file and frequently are not only able to assist with more money but also provide a sufficient extra amount in order to pay out the original loans.  

Mostly, we provide loans where you are expecting money from a future settlement in a personal injury lawsuit (such as a case involving an automobile accident, a slip and fall, medical malpractice, wrongful death, or a class action). We also provide loans while you wait for inheritance claims, or even funds from a property sale. We are always on the lookout for new opportunities to help people with their financial needs. If you are expecting a payout in the future, but need cash today, submit a free application or call our Experts. We are really good at finding solutions; we'll take an assessment and tell you right away if it’s something we can help with.

Want to make it happen faster? Immediately? Then call during regular business hours (Mountain Standard Time) at 1-866-210-7200.

Yes, you can use a lawsuit loan or settlement loan to pay any expenses you wish. There are no restrictions.

Yes, we can. Our goal is to make sure you have cash whenever you need it.

We do not have pre-set limits. Some clients need $500 and others need $50,000. How much money you get depends on the amount you need, the amount you are going to get in the future, and the length of time it will take to get it. We counsel our clients to be responsible borrowers, and to not take more than they need. If your situation changes, you can always apply for additional funds. We are not a “one time” lender. Some of our clients have returned many times as their needs change and the funds have not yet arrived. We can even customize a series of loans, like a monthly allowance, so you don’t take all the funds at once but rather receive funds every month until you funds arrive. This saves you money as you only pay for the money when you receive it. 

Yes. We can customize your advance to send you money every month until your funds arrive. 

We take applications from anywhere in Canada, coast to coast.

The vast majority of our borrowers are sent to us through lawyer referrals. We have a wide network of lawyers who trust us and rely on us to help their clients pay their bills. Whether the situation involves a personal injury lawsuit, inheritance, or a home sale, we are the first choice of many lawyers across Canada. Other clients find us by searching the web or through a recommendation from friends or family. 

Lawyers are usually prohibited by law or professional conduct codes from making loans to clients. Many lawyers turn to us because they have come to know and trust us as we have served their clients over the years. It is also important that their clients have enough money to live in order to avoid deep discounting from the true value of a claim. Desperate clients often settle for way less than a claim is truly worth. Desperate clients wind up with small settlements, the lawyer and adjustors on the other side know they will agree to almost any amount to get cash. It’s not fair, but it the truth. A well-funded client, on the other hand, can hold on while their lawyer negotiates with the other lawyer and adjustors for a bigger settlement.

The cost is similar to a credit card or consumer loan except there is no requirement to make the monthly payments. The exact costs depend on the amount of the loan and the time it takes to pay it back. We charge an initial administration fee as well as a monthly interest rate. Although there is no requirement to make monthly payments the loan is completely open and you can make payments of any amount at any time. If you win the lottery please come pay us so we have funds to loan to the next clients. Our rates are highly competitive with other providers in the settlement loan industry. In fact, many clients come to us looking for settlement loans to pay back loans from a competitor. The cost of the loan is usually not the deciding factor for most clients. Day to day living and getting a fair settlement are often the driving things being considered. Frequently clients have reported they received bigger settlement because they were not desperate for settlement proceeds. And lastly  depending of the nature of the future settlement, some of the costs of the loan may be recoverable or passed on to your adversary in in the lawsuit.

No payment is needed until your future settlement is received or your lawsuit ends. At that time, we provide a payout statement to whomever will be sending you the funds and they will make two cheques, one to us for the amount owing and the remainder to you. It is processed automatically. Although there is no requirement to make regular loan payments you may choose to do so. The loan is completely open and flexible. You can make any size payment at any time you prefer. Win the lottery and pay us out. No problem! Again you may also choose to make monthly payments or even pay the loan in full prior to settlement, but it is NOT required in our terms.

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