Case Loans for Personal Injury Victims – What You Need to Know

Attorney Tyson Mutrux describes in this video case loans for personal injury victims.

Hi, Tyson Mutrux here again with the Mutrux Law Firm and today I’m talking about case loans for clients. Now, this is different than case funding and that’s more for attorneys, whenever they can’t afford to take on a bigger case, they get some case funding. For attorneys, if you want information about that go to www.lawincubator.com or feel free to shoot me an email though the website either there or through www.mutruxlaw.com and I can kind of walk you through the case funding process. Or maybe even possible referring it to another attorney, that may actual be in the best interest of the client.

If you’re in the middle of a personal injury case and struggling financially, you might wonder if you can get a case loan to cover expenses while you wait for a settlement. The good news is that legal funding is available—but it comes with important considerations.

How Do Case Loans Work?

A case loan allows personal injury victims to borrow money against their expected settlement. However, these loans come from third-party lenders, not attorneys. The Missouri and Illinois Bar Associations prohibit lawyers from offering case loans, and honestly, most attorneys prefer to focus on legal work rather than financial lending.

Here’s how the process works:

✔️ A legal funding company reviews your case and assesses its potential value.
✔️ If you authorize it, your attorney shares case details with the lender.
✔️ Based on their evaluation, the lender may offer you a cash advance—usually a percentage of your case’s estimated value.

For example, if your case is worth $10,000, the lender might offer you $500 or $1,000 upfront.

Should You Get a Case Loan?

While case loans can provide short-term relief, they come with high-interest rates. Many clients don’t realize that by the time their case settles, they could owe double the amount they originally borrowed.

If you’re considering a case loan, ask yourself:
Do I absolutely need the money now? If it’s a necessity—like paying rent or medical bills—a case loan might be an option.
Can I manage without it? If it’s just for convenience, try to hold off. It’s often better to cut back on expenses temporarily rather than accumulate more debt.

How Mutrux Firm Injury Lawyers Can Help

At Mutrux Firm Injury Lawyers, we understand that waiting for a settlement can be stressful, especially when financial burdens pile up. Our team helps clients:

✔️ Navigate the legal process efficiently to resolve cases as quickly as possible.
✔️ Negotiate higher settlements so clients don’t have to rely on high-interest case loans.
✔️ Explore all available options to ease financial stress during a case.

If you have questions about legal funding or need a trusted personal injury lawyer, call us at (888) 550-4026 or visit www.tysonmutrux.com for a free consultation.