Frequently Asked Questions

Is it ethical for an attorney to refer clients to 5 Star Legal Funding?
It is ethical and legal to refer clients to 5 Star Legal Funding, LLC.

What documents does 5 Star Legal Funding require from my client's file?
Usually, we request a copy of the Plaintiff's Complaint, the Defendant's Answer, Police or incident reports, a list of medical bills incurred and a copy of relevant medical records (i.e. Surgery reports, MRI reports, etc.) We will never request documents or information that is subject to the attorney-client privilege.

What if my client needs additional assistance at a later date?
5 Star Legal Funding will further evaluate you client's case at that time and in most cases will advance additional funds. However, the total amount advanced will not exceed 15%-20% of your client's expected recovery, after fees.

Are there any upfront fees?
No, there are no upfront fees. Your client will pay nothing until the case settles at which time 5 Star will receive the applicable application and processing fees and applicable interest.

Are there any additional fees or costs?
No, 5 Star Legal Funding, LLC charges a $350 application and processing fee. This fee can change under certain circumstances. The interest on the advance will be 15% non compounding, for each 6 months period of time.

How much assistance can my client receive?
We here at 5 Star do not want the financial assistance provided by us to hinder your ability to settle your claim. For that reason, we will not advance more than 15%-20% of your client’s expected recovery, after lawyers fees.

Does 5 Star Legal Funding get involved with the handling of my client's case?
No, you and your client retain complete control of the litigation.

Is this a loan?
No, it is the sale of a portion of the potential proceeds of the lawsuit. Unlike a loan, if the case is unsuccessful, your client does not have to pay back the advance or any fees.

Will the attorney be required to sign any documents?
Yes, the attorney signs the “Acknowledgement by Counsel”. The attorney acknowledges the assignment of a portion of the proceeds and agrees to pay the amount due from the settlement proceeds to 5 Star Legal Funding upon settlement of the case.

Must a lawsuit be filed in order to get an advance?
No, in exceptional situations, we may provide an advance if there is sufficient information and documentation to allow us to evaluate the claim.

How long does it take?
Approximately 24 to 48 hours.

Please feel free to call us @ 888-5-CASH-05 if you still have questions.

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