FAQ
Frequently asked questions.
The 49 things people ask us most about Case Equity and legal funding. Every answer is right here, no clicking around. Well, except the two at the very bottom. You'll see why.
Last updated October 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?
The marketplace for Case Equity. We are not a lender or a funder. We set the rate, the terms and the technology, and 25+ vetted funders fund on it at one set rate: 27.8% simple, capped at 2x. If you need money before your case settles, they compete for it and 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.
The full definition is 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?
Money paid to a plaintiff while their case is pending, repaid from the settlement. It is also called pre-settlement or lawsuit funding. It is non-recourse: lose the case and you owe nothing. No monthly payments and no credit check. ClaimAngel's version is Case Equity, at one set rate of 27.8% simple, capped at 2x.
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How does pre-settlement funding work?
You apply with your case details, your attorney confirms the case, and funders compete to fund it at the set rate. Money arrives 1 to 48 hours after you sign. When the case settles, your attorney pays it back from the settlement. Lose the case and you owe nothing.
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What is non-recourse funding?
Repayment comes only from a winning settlement. If you lose, you owe nothing. The funding is tied to your case, not to you, so there is no credit check, no monthly payment and nothing on your credit report. It also lets you wait for a fair settlement instead of taking a low offer because rent is due.
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The price
8What is ClaimAngel's rate?
27.8% simple annual interest, billed quarterly, capped at 2x.
- Simple. Interest accrues on your draw only, never on interest.
- Quarterly. A started quarter bills as a whole one.
- Capped at 2x. The balance stops at twice your draw plus financed fees, by month 46 at the latest.
A $5,000 draw that settles in one year pays back $6,770.61, every fee included. Run your own numbers.
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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 and no early-payoff penalty. The calculator includes every fee.
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How much does legal funding cost?
Traditional legal funding typically runs 40% to 200%+ over a case, compounding. ClaimAngel publishes one price: 27.8% simple a year, three named fees, capped at 2x. A $5,000 draw that settles in one year pays back $6,770.61 in total. Ask any other funder for the same number before you sign.
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What if my case takes years to settle?
The balance stops at 2x and waits with you. A $5,000 draw, every fee included, from the same math 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
Fees of $248.50 are financed into the starting balance, and a 1.99% payoff fee applies at settlement. After month 46 the number never moves.
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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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Should I use ClaimAngel or put my expenses on a credit card?
Run both numbers. If your case settles fast, a card can be close. If it does not, or you lose:
- A card bills monthly, win or lose. A draw is repaid only from a win.
- A card compounds. A draw is simple and stops at 2x.
- A card is personal debt. A draw never touches your credit.
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How does ClaimAngel compare to other legal funding companies?
ClaimAngel is not another funding company. It is the marketplace funding companies work on:
- 25+ funders, one set rate. They compete on speed, not price, at 27.8% simple.
- Capped. Never more than 2x your draw plus financed fees.
- Priced in public. Rate, fees and worked examples are on the site before you give us your name.
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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.
- We review it and list it on the marketplace. Funders 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?
It depends on your case: its expected settlement, its strength and how far along it is. You are not borrowing. You are drawing on part of what your case is already worth, and you can ask for more every 30 days as it moves forward.
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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. Applying takes about 3 minutes. The slowest step is usually your attorney's acknowledgment, so tell your attorney it is coming.
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What do I need to qualify?
Three things:
- An active legal case. Personal injury and 50+ other case 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. The usual reasons:
- Liability is disputed or the case is weak
- The expected settlement is too small to cover the draw
- The case is too early
- The case type is not funded
- Your state restricts funding
One decline is not final. You can reapply every 30 days as your case moves forward.
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Do I need a bank account?
No. You can choose a check instead of a bank transfer when you set up how you get paid.
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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 accidents are one of the most commonly funded case types on the marketplace. With an active case and an attorney, you get the same 27.8% simple rate as every other case type. 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. State law varies: some states cap rates, some require licensing and a few restrict funding outright. If yours is restricted, you find out when you apply. Every state's law is at claimangel.com/state-laws.
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What states allow legal funding?
Most of them, under different rules: rate caps in some, licensing and disclosure rules in others, and a few restrict it entirely. We publish each state's law with citations at claimangel.com/state-laws.
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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. Some attorneys distrust funding because of what it used to cost. Show yours the set rate, the cap and the payoff math.
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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
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How do I check my application status?
Live, in your ClaimAngel dashboard:
- Application submitted
- We review your case
- Listed, funders competing to fund it
- Approved, contract sent for you to sign
- Funded, money on the way
We also reach out as it moves forward.
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Can I request more funding later?
Yes, every 30 days from your last funding or denial, so underwriters see new progress on the case. The same set rate and cap 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.
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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
Law firms can get 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 your payment method: the most common holdup is one 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 is not pushed to settle early. That gives you time to work the case to full value, and clients who are not desperate do not take low offers. Our position on funding ethics is at attorney-ethics.
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What is ClaimAngel Link?
How can I refer a client for funding?
Submit the referral form, request it from your case system through our integrations, or send them to claimangel.com/apply. Every way gets the same set rate, and you follow it in Link.
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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 with their concerns. It is usually a short conversation: the rate, cap and contract terms are published, and the acknowledgment only asks them to confirm the case and repay the funding from the settlement.
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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 one set rate, competing on speed instead of 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-9PM ET, Sat 10AM-2PM ET, closed Sunday.
- 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?
No. It is the lowest set rate in the industry, and you can check. A $5,000 draw that settles in one year pays back $6,770.61, every fee included. Traditional funders typically charge 40-200%+ with compounding and no cap. Ours is 27.8% simple, billed quarterly, capped at 2x. If you lose, you owe nothing.
Why would 25+ funders agree to one set rate?
Because the platform does the work their old rates paid for. A traditional funder pays for sales, customer service, payments, servicing and collections, and prices all of it into the rate. On ClaimAngel the platform does that work, and funders just deploy capital. The overhead they no longer carry is the gap between 40-200%+ and 27.8%, and it goes to you.