At Olilit Funding, we understand that you may have many questions about our pre-settlement funding services. Here, we address some of the most frequently asked questions to help you better understand our process and offerings.
Are you Licensed & Regulated?
Yes, we are one of the very few licensed and regulated pre-settlement funding companies. We must adhere to strict standard and audits to maintain our license.
What Fees Do You Charge for Receiving Pre-Settlement Funding?
We charge a simple, one-time fee per case and an annual finance charge. These are clearly disclosed up-front before you receive your funding. There are no hidden charges, no monthly interest, and no additional fees for receiving more funding on the same case. We operate with complete transparency to ensure you understand all costs involved.
How Much Funding Can I Get?
The amount of funding you can receive depends on the specifics of your case. Each application is evaluated independently based on the strength and details of your claim. We work closely with your attorney to determine the appropriate amount of funding, ensuring you receive the financial support you need. We can advance up to $500,000 per case.
How Will I Receive My Funds?
Once approved, you can receive your funds quickly, often within 24 hours. We offer flexible disbursement methods, including checks or wire transfers directly to your bank account, making it easy and convenient for you to access your money.
Do I Have to Pay Back the Money if I Don’t Win My Case?
No, our funding is non-recourse, which means that if you do not win your case, you owe us nothing. This removes the financial risk and stress associated with repayment, allowing you to focus on your recovery and legal battle.
Can I Receive Pre-Settlement Funding More Than Once?
Yes, we offer flexible funding options, including the ability to receive multiple advances. Whether you need additional funds monthly or quarterly, we provide the support you need without extra processing fees or compounding interest.
Do You Still Have Questions?
We hope these answers help clarify how Olilit Funding works and how we can assist you during your legal journey. If you have any further questions or need additional information, please don’t hesitate to contact us. We are here to support you every step of the way.