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Settlement Lenders

Advertiser Disclosure

About lender

Settlement Lenders provide financial relief to individuals involved in personal injury cases, offering settlement loans to help cover living expenses, medical bills, and other financial pressures during the litigation process. These loans are designed to bridge the gap between the time of the accident or injury and the eventual fair settlement. Whether it's a car accident, motor vehicle accident, or any other personal injury, Settlement Lenders can offer assistance.

Settlement Lenders


  • Reasonable and Transparent Fees. Settlement Lenders pride themselves on providing fees that are reasonable and easy to understand. This commitment to transparency ensures that borrowers are aware of all associated costs upfront, minimizing the risk of unexpected expenses.

  • Dedicated Client Service Professionals. Throughout the loan process, client service professionals are available to guide borrowers every step of the way. Whether it's explaining terms, assisting with documentation, or addressing concerns, these professionals offer personalized support to ensure a smooth experience for clients.

  • No Credit Check or Monthly Payments. Unlike traditional loans, settlement loans from Settlement Lenders do not require a credit check, collateral, or monthly payments. This feature is particularly beneficial for individuals who may be facing financial challenges or have poor credit due to their circumstances.

  • Risk-Free Repayment. In the event that the borrower's litigation is unsuccessful, there is no obligation to repay the loan. This feature provides peace of mind to borrowers, knowing that they won't be burdened with additional financial obligations if their case does not result in a favorable outcome.

Pros and cons


No Credit Check. Settlement Lenders typically do not require a credit check, making their services accessible to individuals with poor credit or financial struggles.

Accredited by BBB. Settlement Lenders are accredited by the Better Business Bureau (BBB) and adhere to high standards of customer service and ethical business practices, providing reassurance to borrowers.

Services for Clients and Lawyers. Settlement Lenders offer services not only to clients but also to lawyers involved in personal injury cases, facilitating smoother transactions and ensuring all parties are supported throughout the process.


Not Suitable for Consumer Loans. Settlement loans are specifically designed to assist individuals involved in personal injury cases and may not be suitable for other types of consumer loans or financial needs.

Administration Fees up to 20%. Settlement Lenders charge administration fees of up to 20%, which can add to the overall cost of borrowing and should be carefully considered by borrowers.

High Interest Rates from 19.99%. Settlement Lenders' loans come with high-interest rates starting from 19.99%, which can significantly increase the total amount repaid over the life of the loan, potentially making them a costly form of financing.


Settlement Lenders' accreditation with an A+ rating from the Better Business Bureau (BBB) suggests that they adhere to high standards of customer service and ethical business practices. This rating indicates that Settlement Lenders has a track record of resolving customer complaints effectively and operating transparently. However, while the BBB rating can be a helpful indicator of reliability, it's essential for individuals considering their services to conduct thorough research, read customer reviews, and evaluate all aspects of the company's offerings before making a decision.

How to apply for a Settlement Lenders loan

  1. Visit the Website. Navigate to the Settlement Lenders website using your preferred web browser.

  2. Choose "Settlement Loans". Select the option for settlement loans from the menu or homepage to begin your application process.

  3. Click "Apply Now". Look for the "Apply Now" button or link on the website, and click on it to initiate your loan application.

  4. Enter Your Details. Provide your name, phone number, and email address in the designated fields on the application form.

  5. Provide Accident Information. Enter details such as the name of your law firm, your lawyer's name, and the date of your accident. You may also be asked how you heard about Settlement Lenders.

  6. Choose Your Province. Select the province where your accident occurred or where your legal proceedings are taking place.

  7. Describe Your Accident and Injuries. Provide a brief description of your accident and the injuries you sustained as a result.

  8. Enter the Required Loan Amount. Specify the amount of money you are requesting as a settlement loan to cover your financial needs during the litigation process.

  9. Click "Get in Touch". Once you have completed all the necessary fields on the application form, click the "Get in Touch" or similar button to submit your application to Settlement Lenders.


  • Loan Size. There is no minimum loan size requirement, allowing borrowers to request the amount needed to cover their financial needs during the litigation process.
  • Interest Rate. Settlement Lenders charge an interest rate of 19.95% per year, compounded monthly for the first year of the loan. For subsequent years, the interest rate increases to 29.95% per year, compounded monthly. This interest accrues on the outstanding balance of the loan.
  • Payments. Borrowers are not required to make any payments during the term of the loan. Instead, the loan and accrued interest are typically repaid from the proceeds of the legal settlement when it is finalized.
  • Administration Fee. Settlement Lenders may charge an administration fee of up to 20% of the loan amount. This fee covers the costs associated with processing the loan application and managing the loan throughout its term.


  • No Credit Check. Settlement Lenders do not conduct a credit check as part of the application process, making their loans accessible to individuals with poor credit or financial struggles.
  • No Proof of Employment or Household Income Verification. Settlement Lenders do not require borrowers to provide proof of employment or verify their household income. Instead, they base the approval process on the merits of the case and the potential settlement amount.
  • No Collateral Required. Settlement Lenders do not ask for collateral to secure the loan. Instead, approval is based on the strength of the case and the potential settlement amount.
  • Age Requirement. Applicants must be at least 18 years old to qualify for a settlement loan with Settlement Lenders.
  • Canadian Residency. Applicants must be Canadian residents to be eligible for a settlement loan.
  • Have a Settlement. To qualify for a settlement loan, applicants must have a pending personal injury claim or lawsuit with the potential for a settlement.

Ways to receive the money

Once your settlement loan application is approved by Settlement Lenders, you will typically receive the borrowed amount through a method agreed upon during the loan processing stage. Here's how you may receive the borrowed amount:

  • Direct Deposit. Settlement Lenders may deposit the borrowed amount directly into your bank account. This method offers convenience and ensures that the funds are available for immediate use.
  • Cheque. Alternatively, Settlement Lenders may issue a cheque for the borrowed amount. You can then deposit or cash the cheque at your bank or financial institution.
  • Other Electronic Transfer Methods. Depending on the lender's policies and your preferences, you may have the option to receive the borrowed amount through other electronic transfer methods, such as PayPal or electronic funds transfer (EFT).


Settlement Lenders primarily offer settlement loans as their main product. These loans are specifically designed to provide financial assistance to individuals involved in personal injury cases. By offering settlement loans, Settlement Lenders help clients navigate the financial challenges associated with pending injury claims and the litigation process.

Reasons you may be denied a Settlement Lenders loan

  • Insufficient Documentation. If you fail to provide necessary documentation such as proof of your personal injury case or legal representation, your loan application may be denied.
  • Inadequate Settlement Potential. Settlement Lenders base their approval on the potential settlement amount of your case. If they deem the potential settlement to be insufficient to cover the loan amount and fees, your application may be denied.
  • Lack of Legal Representation. Settlement Lenders may require you to have legal representation from a law firm specializing in personal injury cases. If you do not have proper legal representation, your application may be denied.
  • Pending Legal Issues. If there are unresolved legal issues or complications with your personal injury case, Settlement Lenders may deny your loan application until these issues are resolved.
  • Incomplete Application. If your application is missing required information or documents, it may be denied until all necessary information is provided.

How to repay a Settlement Lenders loan

Once your case settles and you receive your personal injury award or settlement, Settlement Lenders will require repayment of the loan amount, plus any accrued interest and fees. The repayment is typically deducted directly from your settlement proceeds before you receive the remaining funds.

Editorial opinion

Settlement Lenders, as a lender specializing in personal injury loans, offers a valuable service to individuals navigating the complexities of litigation. While their loans provide short-term financial stability to those awaiting settlements, it's crucial for borrowers to carefully review the terms outlined in the loan documents. Factors such as interest rates, hidden fees, and repayment conditions should be thoroughly understood to ensure informed decision-making. Additionally, while Settlement Lenders may be a lifeline for individuals with pending claims, borrowers should consider alternative financing options and consult legal or financial professionals to determine the best course of action for their specific circumstances.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Verify that the lender is registered with the appropriate regulatory authorities in Canada, such as the Financial Consumer Agency of Canada (FCAC), or is licensed to operate in your province.
  2. Check if the lender is a member of reputable industry associations in Canada, such as the Canadian Bankers Association (CBA) or the Canadian Lenders Association (CLA).
  3. Thoroughly review all terms and conditions outlined in your loan agreement. Understand the repayment schedule, interest rates, fees, and any penalties for late payments or defaults.
  4. Ensure that the contract clearly states the annual percentage rate (APR) and the total cost of borrowing, including any administrative fees or additional charges.
  5. Familiarize yourself with your rights regarding loan cancellation or early repayment. Canadian consumers have the right to cancel a loan within two business days after signing the agreement, without penalty.
  6. Research the lender's reputation by checking customer reviews, complaints, and feedback on reputable online platforms, as well as through resources provided by organizations like the Better Business Bureau (BBB).


At Finanso, we've carried out a comprehensive analysis of over 70 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional resources

  • Settlement Lenders Customer Reviews



What is Settlement Lenders?

Settlement Lenders is a loan company specializing in litigation loans, providing financial support to individuals involved in legal proceedings, such as lawsuits or personal injury claims.

How quickly the funds can be received?

Funds from Settlement Lenders can be received quickly, with expedited funds available to borrowers upon approval of their loan application.

How do you qualify for Settlement Lenders?

To qualify for Settlement Lenders, individuals typically need to have a pending claim or lawsuit, be represented by a law firm, and meet certain eligibility criteria, such as residency and age requirements. Additionally, creditworthiness may not be a determining factor for approval.

How much can you borrow from Settlement Lenders?

The amount borrowers can borrow from Settlement Lenders varies depending on factors such as the potential settlement amount of their case and the lender's assessment of risk.

Is Settlement Lenders a legitimate company?

Yes, Settlement Lenders is considered a legitimate company, providing a valuable service to individuals in need of financial assistance during litigation. However, borrowers should conduct their own research and due diligence before engaging with any lender.

We are dedicated to providing financial support to clients and their lawyers, when real life happens.

© Settlement Lenders Inc.
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