FAQ
Every answer, on the record.
50 questions about Case Equity and legal funding, every answer in the open. Nothing on this page is behind a click, except two answers at the very bottom, and those are redacted on purpose.
Last updated July 2026
Case Equity
7What is Case Equity?
Case Equity is money from the value of your legal case, accessed before the case settles. It works like home equity: if you have a real case, you already own something of value, and you can access part of it now. It is not a loan. It is non-recourse, repaid only from a winning settlement, at one set 27.8% simple rate with a hard cap at 2x.
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What is ClaimAngel?
We built the Case Equity market. ClaimAngel is not a lender and not a funder: we set the rate, the terms, and the technology that 25+ vetted funding companies all fund on. One set rate, 27.8% simple, capped at 2x, published on every page. If you are in a lawsuit and need money before it settles, the funders compete for your case. You never negotiate.
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What is the difference between Case Equity and pre-settlement funding?
Pre-settlement funding is the industry's old name for money before a settlement, historically at 3% to 8% monthly, compounding, with no ceiling. Case Equity is the same moment in a case with a different construction: one set rate of 27.8% simple, a hard cap at 2x, and vetted funders competing on one marketplace.
We named it Case Equity because that is what it is: money you already own, locked in the value of your case. The full definition lives at claimangel.com/case-equity.
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Is Case Equity a loan?
No. A loan follows you if you lose and bills you along the way. Case Equity is non-recourse: money from the value of your case, repaid only out of a winning settlement. Lose the case, keep the money, owe nothing back.
- A loan bills you monthly
- A draw waits for your settlement
- A loan follows you if you lose
- Lose the case, owe nothing
- A loan runs on your credit
- A draw runs on your case
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What is legal funding?
Legal funding, also called pre-settlement funding or lawsuit funding, is money provided to a plaintiff while their case is pending, repaid from the settlement. It is non-recourse: lose the case and you owe nothing. No monthly payments, no credit check, no personal liability. Approval rides on the strength of your case, not your finances.
What the definition leaves out is the price. Historically this industry charged 3% to 8% monthly, compounding, with no ceiling. ClaimAngel rebuilt legal funding as Case Equity: one set 27.8% simple rate, capped at 2x, from 25+ vetted funders on one marketplace.
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How does pre-settlement funding work?
You apply with your case details. Your attorney confirms the case is active. Funders evaluate the merits and compete to fund it. If approved, the money is typically in your account within 1 to 48 hours of signing.
Repayment comes out of your settlement, handled by your attorney at the end. Win, and the payoff is computed to the penny at the set rate. Lose, and you keep the money and owe nothing. The funder absorbs the loss. That risk is what the rate pays for.
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What is non-recourse funding?
Non-recourse means repayment comes only from a winning settlement. If you lose, you owe nothing. The funding is tied to your lawsuit, not to you as a person. That is why there is no credit check, no monthly payment, and nothing on your credit report.
Why it matters: non-recourse money lets you wait for a fair settlement instead of taking a lowball offer because rent is due. Non-recourse is not fine print. It is the product.
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The price
9What is ClaimAngel's rate?
27.8% simple annual interest, billed quarterly, with a hard cap at 2x. It is on every page of this site. That is the point.
- Simple, never compounding. Interest accrues on your draw only. A credit card compounds; this does not.
- Billed by the quarter. A started quarter bills as a whole one, and nothing bills until your case resolves.
- Capped at 2x. The balance stops at twice your draw plus financed fees, at month 46 at the latest, and never moves again. Five more years of litigation cost you nothing more.
A $5,000 draw that settles in one year pays back $6,770.61, every fee included. Run your own numbers. The math is public.
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What fees does ClaimAngel charge?
Three. All published, all financed: nothing is deducted from your draw and nothing is due until your case resolves.
On a $5,000 draw
- Origination, 3.99%
- $199.50
- Processing, flat
- $49.00
- Starting balance
- $5,248.50
At settlement, one year later
- Balance after 1 year
- $6,638.50
- Payoff fee, 1.99%
- +$132.11
- Total repayment
- $6,770.61
No application fee, no monthly payments, no early-payoff penalty, no charge we have not named here. Everything is disclosed before you sign, and the calculator includes every one of these in the number it shows you.
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How much does legal funding cost?
Across the industry, more than most people believe. Traditional legal funding typically runs 40% to 200%+ over the life of a case, compounding, often with the price withheld until you are deep in the process.
ClaimAngel sets one price and publishes it: 27.8% simple annual, three named fees, a hard cap at 2x. A $5,000 draw that settles in one year pays back $6,770.61 total. Ask any other funder for their equivalent number before you sign anything. If they will not give it to you, that is your answer.
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What if my case takes years to settle?
Then the cap does its job: the balance stops at 2x and waits with you. Here is a $5,000 draw, every fee included, straight from the same engine as the calculator:
Total payoff if you settle after
- 6 months
- $6,061.78
- 1 year
- $6,770.61
- 18 months
- $7,479.44
- 2 years
- $8,188.27
- 3 years
- $9,605.93
- Month 46 on, forever
- $10,452.45 max
You receive $5,000. Fees of $248.50 are financed into a $5,248.50 starting balance. Interest accrues at 27.8% simple per year, billed by the quarter. At settlement a 1.99% payoff fee applies. The cap lands at month 46 and the number never moves again. Traditional funding compounds monthly with no ceiling; on long cases people owe 3x to 4x what they took.
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Can I pay back early? Is there a penalty?
Yes, and no penalty. You pay for the time you actually had the money, on the quarterly schedule. Settle in six months instead of two years and the difference stays in your pocket.
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How is 27.8% possible when legal funding used to cost 40-200%+?
Because the old price paid for the old overhead. A traditional funder carries its own sales team, customer service team, payments team, servicing team, and repayments team, and every one of those salaries was priced into the rate. ClaimAngel does that work once, as the platform: standardized contracts, automated underwriting, one servicing and repayment pipeline, verified claims at the funders' fingertips. Funders keep the one thing they are in business to do, deploying capital, and give up the overhead. Those savings are the distance between 40-200%+ and 27.8%, the lowest set rate in the industry, and they land with you.
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Should I use ClaimAngel or put my expenses on a credit card?
Run both numbers; sometimes the card is close. If your case settles fast, a card can price competitively. The difference is what happens when it does not settle fast, and what happens if you lose.
- A card bills you next month, win or lose. A draw bills at settlement, and only if you win.
- A card compounds daily. A draw accrues simple interest and stops at the 2x cap.
- A card is your personal liability and your credit report. A draw is your case's liability and never touches your credit.
Cards work for small, short needs. Case Equity is built for the wait, and the math is public.
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How does ClaimAngel compare to other legal funding companies?
ClaimAngel is not another funding company. It is the marketplace the funding companies work on:
- 25+ funders, one set rate. They compete on speed, not price, because the price is fixed at 27.8% simple, the lowest set rate in the industry.
- Capped, not open-ended. Never more than 2x your draw plus financed fees. Traditional funding compounds with no ceiling.
- Priced in public. Rate, fees, and worked examples on every page before you give us your name. Compare that to any competitor's homepage.
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Getting your draw
15How do I get started?
Three steps:
- Apply in about 3 minutes at claimangel.com/apply. Basic information about you and your case.
- Your case is listed on the marketplace. Funders review it and compete to fund it at the set rate.
- Money in 1 to 48 hours after approval and signed contracts.
Already applied? Log in to check your status.
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How much can I draw?
Draws typically run from $500 to $100,000+, sized to your expected settlement, case strength, and how far along the case is. Searchers ask how much they can borrow; you are not borrowing. You are accessing part of what your case is already worth, and you can come back for more every 30 days as it progresses.
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How much will I actually receive if I'm approved for $5,000?
$5,000, in your account, to the dollar. Fees are financed on top of your balance and settle at the end, not carved out of your money at the start.
- Your draw
- $5,000
- Deposited to you
- $5,000
- Fees, financed ($199.50 + $49)
- $248.50
- Starting balance
- $5,248.50
Much of this industry deducts fees before the money reaches you. We do not.
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How fast can I get funded?
1 to 48 hours after contracts are signed. The typical end-to-end timeline:
- Day 1: apply, about 3 minutes
- Days 1 to 2: funders review and compete
- Days 2 to 3: sign contracts digitally
- Days 3 to 4: money in your account
The slowest step is usually the attorney acknowledgment. Tell your attorney it is coming and the whole thing moves faster.
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What do I need to qualify?
Three things:
- An active legal case. Personal injury, car accident, medical malpractice, wrongful death, and 50+ other types.
- An attorney representing you. Funding runs through your case, so it requires a case being worked.
- Basic details. Name, date of birth, contact information, case details, attorney information.
Not on the list: your credit score, your job, your bank balance, your citizenship.
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Do I need good credit?
No, and nobody checks. Approval is underwritten on your case, not on you. Bad credit, bankruptcy, no credit history: none of it is part of the decision.
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Does ClaimAngel affect my credit score?
No. A draw is not a loan, so there is no credit check to apply and nothing reported to credit bureaus, ever. Your credit report never knows this happened.
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Can I be denied? Why would my application be rejected?
Yes. Not every application is approved, and we would rather tell you why than pretend otherwise. The usual reasons:
- Weak case or disputed liability. Funders need enough certainty to put capital at risk.
- Low expected settlement. If the case cannot cover the draw plus costs, funding it would hurt you, not help.
- Too early. Most funders want the lawsuit filed or initial discovery done.
- Case type. Class actions, certain employment claims, and fee disputes are typically not funded.
- State restrictions. A few states prohibit or restrict funding. We tell you immediately if yours is one.
Your application goes to multiple funders at once, so one decline is not the end. And you can reapply every 30 days as your case progresses.
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Do I need a bank account?
No. If you do not have access to a personal bank account, there are alternative ways to receive your money. You choose how to get paid once your draw is funded.
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Do I need to be a U.S. citizen?
No. A valid U.S. ID for identity verification is all that is required.
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What case types does ClaimAngel fund?
Most personal injury litigation: car accidents, truck accidents, medical malpractice, slip and fall, wrongful death, product liability, and more, 50+ case types in all, every one at the same set rate. The full list is at claimangel.com/case-types.
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Can I get legal funding for a car accident case?
Yes. Car accident cases are the most commonly funded case type on the marketplace. With an active case and attorney representation, draws typically run $1,000 to $50,000 depending on case value and stage, at the same 27.8% simple rate as everything else. Details at car accident funding.
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Can I get legal funding for a personal injury lawsuit?
Yes. Personal injury is the core of what the marketplace funds: car accidents, slip and fall, medical malpractice, dog bites, assault, and other injury claims. You need an active case and an attorney. One set rate across all of it. See case types.
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What states does ClaimAngel fund in?
Funders on the marketplace cover 40 states. Availability varies because state law varies: some states cap rates, some require licensing, a few restrict or prohibit funding outright. If your state is restricted, you find out immediately during the application, not after. State-by-state law, mapped and sourced, at claimangel.com/state-laws.
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What states allow legal funding?
Most of them, under rules that differ widely: rate caps in some states, licensing and disclosure requirements in others, and a few that restrict lawsuit funding entirely. We publish the actual law for every state, with citations and effective dates, at claimangel.com/state-laws. It is the reference we wish had existed, so we built it.
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While your case runs
8Will my attorney need to approve this?
Yes. Your attorney signs an Attorney Acknowledgment confirming they represent you and agreeing to repay the funding from your settlement when the case ends. Many attorneys have disliked funding for years because of what it used to cost their clients. They are right about the old industry. Show yours the published rate, the cap, and the payoff math; that conversation goes differently now.
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What information does ClaimAngel gather for a case?
The Attorney Acknowledgment is a short form, typically 5 to 10 minutes, confirming:
- You have a law firm and attorney on the case
- Basic case details: case type, injury and damages, defendant, liability assessment
- The attorney's professional estimate of settlement value
- Agreement to notify the funder at settlement so repayment can be processed
No medical records, no police reports, no document dump. Give your attorney a heads-up before you apply and the form comes back faster.
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How do I check my application status?
Live, in your ClaimAngel dashboard, through five stages:
- Application submitted, sent to multiple funders
- Attorney acknowledgment pending
- Under review, funders evaluating
- Offers received, pick one
- Funded, money on the way
Email and SMS updates fire at every step, so the dashboard is a convenience, not a requirement.
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Can I request more funding later?
Yes, every 30 days from your last funding or denial. The window exists so underwriters have real case progress to look at, not the same file twice. Many clients draw again as bills stack up or the case runs long; the same set rate and the same cap math apply to every draw.
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What happens if I lose my case?
You owe nothing back. Non-recourse is the product, not fine print: the draw is repaid only from a settlement or judgment in your favor.
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Can I use the funding for non-medical expenses?
Yes. It is your money. Rent, groceries, car payments, utilities, childcare, whatever keeps your life running while the case does. That stability is the point: a plaintiff who can pay rent does not take the first lowball offer.
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Does ClaimAngel do medical funding?
Yes. ClaimAngel can pay medical providers directly for case-related procedures, treatments, and services. Your law firm or the provider sends the invoice and we pay the provider, so care happens now and the cost rides with the case instead of your wallet.
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What's the benefit of medical funding instead of a Letter of Protection (LOP)?
Under a Letter of Protection, a provider agrees to treat you and then waits months or years to be paid, which invites inflated billing and settlement disputes at the end. Medical funding pays the provider upfront at a transparent, standardized rate: you get care immediately, the provider gets paid on time, and there is no inflated lien fight waiting inside your settlement.
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After you settle
2What happens after my case settles?
Your attorney handles the whole payoff. You do not need to do anything:
- Your attorney notifies ClaimAngel of the settlement
- We provide the final payoff amount to your law firm
- Your attorney pays the funder from the settlement and disburses the rest
- You receive your proceeds, minus the payoff and attorney fees
The payoff is the same number the calculator would have shown you on day one for that timeline. No end-of-case surprises. Law firms can request payoff letters anytime through ClaimAngel Link or payoffs@claimangel.com.
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I signed the funding agreement, where's my money?
Funds typically land 1 to 48 hours after the agreement is signed. If it has been longer, log in and check Connected Accounts: the most common holdup is a payment method that was never selected or bank details entered wrong. Still stuck? Support can see exactly where it is.
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For law firms
5How does ClaimAngel help my law firm?
A client who can pay rent does not force you to settle early. That is the whole mechanism:
- Time to build the case. Funded clients can afford the wait while you work the file to full value.
- Better outcomes. Clients who are not desperate do not take lowball offers.
- Ethics-clean structure. Full transparency, no hidden relationships, aligned with ABA Model Rules 1.1, 1.3, and 1.4 on competence, diligence, and client communication. Our position on funding ethics is published at attorney-ethics.
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What is ClaimAngel Link?
How can I refer a client for funding?
Two ways: send them to claimangel.com/apply to apply themselves, or submit on their behalf with the referral form. Either way they get the same published rate and you get Link visibility on the funding.
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Can my law firm get funding too?
Yes. ClaimAngel also funds law firms: case costs, expert fees, and firm operations. Details for firms.
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What if my attorney won't sign the acknowledgment?
Have them contact support@claimangel.com directly with their concerns. Attorneys who have seen clients burned by the old industry are right to be careful; ours is usually a short conversation because the rate, cap, and contract terms are published and their client keeps 100% of the draw. The acknowledgment asks them to confirm the case and repay the funding from settlement, nothing more.
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For funders
2How do I join the ClaimAngel marketplace as a funder?
The marketplace admits funders who meet standards for capital, compliance, and service, and who accept the trade at the heart of it: one published rate, competition on speed and volume rather than price. If that is your model, read the terms and join the waitlist.
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What are the benefits of funding through ClaimAngel?
Pre-screened cases with attorney-confirmed details, standardized contracts, automated underwriting workflows, and platform-handled compliance, servicing, and payment processing. You deploy capital; the platform does the rest. The full pitch.
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Help
2How do I contact support?
A human, four ways:
- Live chat, bottom-right of every page. Mon-Fri 8AM-8PM ET, Sat-Sun 9AM-7PM ET.
- Email: support@claimangel.com
- Phone: 1-877-44-ANGEL (442-6435)
- Support portal: claimangel.com/support
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How do I update my information?
Log in and click your initials, top-right, to update your profile. Anything you cannot change there, support@claimangel.com can.
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Still holding a question nobody in this industry will answer? Ask us. The record is how we compete.
Hard questions
The ones this industry prefers you not ask.
Everything above is on the record. These two, the industry keeps redacted. Reveal them yourself.
Is 27.8% expensive?
It is the lowest set rate in the industry, and you can check. The goal was never modest: compete with the average credit card and price under every other funding company, and the technology that runs the marketplace is what makes that rate possible. Now ask it with a number: a $5,000 draw that settles in one year pays back $6,770.61, every fee included. Against a credit card, sometimes the card prices close, sometimes it does not: run your own case on the calculator and see. Against this industry, no. Traditional funders typically charge 40-200%+ with compounding and no ceiling, and most will not show you a number until you are deep in the process. Ours is published on every page: 27.8% simple, billed quarterly, capped at 2x. And here is what no card offers: a card bills you next month and follows you if you lose. A draw waits for your settlement, and if you lose you owe nothing.
Why would 25+ funders agree to one set rate?
Because ClaimAngel took away most of what the old rates paid for. A traditional funder carries a sales team to find you, a customer service team to answer you, a payments team to move money, a servicing team to track your case, and a repayments team to collect at settlement. Every one of those salaries was priced into the rate. On ClaimAngel, the platform does all of that work. Funders keep the one thing they are actually in business to do, deploying capital, with verified claims at their fingertips on the marketplace. The overhead they no longer pay for is the distance between 40-200%+ and 27.8%, and it lands with you, the plaintiff. Funders that want to keep charging for their own overhead do not join. That is the point.