If you search for money during an injury case, you'll see it called a “lawsuit loan” or a “settlement loan.” Those names are misleading. What Lexa provides is a non-recourse advance, and it works in a fundamentally different way from a loan.
“Non-recourse” — what it really means
Non-recourse means the money is tied to your case, not to you personally. If your case doesn't win, you owe nothing. Nobody comes after your paycheck, your house, or your bank account. The advance is repaid only from a settlement — and only if there is one.
A regular loan is the opposite. You owe it back no matter what happens — win, lose, or drop the case — plus interest that keeps building until you pay. That's the risk a non-recourse advance takes off your shoulders.
Side by side
A loan
- You have to pay it back whether or not you win.
- Usually needs a credit check, and it can affect your credit.
- Monthly payments start right away, whether money is coming in or not.
- Miss a payment and it can go to collections.
A non-recourse advance with Lexa
- If you don't win, you owe nothing.
- No credit check — your credit score is never part of it.
- No monthly payments. Nothing is due while you wait.
- Repaid once, at the end, from the settlement — never from you directly.
Why we're careful about the word “loan”
Calling this a loan would give you the wrong idea about your risk. It also isn't accurate. Being honest about what this is — an advance you repay only from a win — is not a technicality to us; it's the reason the product exists. You should never feel like you're borrowing against your future.
Is there a cost?
Yes. Like any funding, a non-recourse advance has a cost, and you deserve to see it clearly before you agree. We don't bury it or dress it up. The full costs and terms are disclosed in your funding agreementbefore anything is signed. And because it's non-recourse, that cost is only ever paid out of a settlement you actually win.
Learn more
New to all of this? Start with how pre-settlement funding works, or read the frequently asked questions. If you're in Arizona, the Arizona legal funding guide covers what to expect in your state.