What Thrivest Legal Funding Is
Thrivest Legal Funding is a company that provides non-recourse funding to people involved in pending lawsuits. Non-recourse means you repay the money only if your case settles or wins; if you lose, you owe nothing back. Thrivest funds cases across personal injury, workers' compensation, employment disputes, and other civil litigation.
The company advances cash against the expected settlement or judgment. You receive the money while your case is still ongoing, which can help cover living expenses, medical bills, or other costs while you wait for resolution. Thrivest does not lend money in the traditional sense—it buys a portion of your future settlement proceeds at a discount.
This is different from a personal loan or a lawyer's contingency fee. A contingency fee is what your attorney charges; legal funding is a separate transaction between you and the funding company. You can use legal funding even if your lawyer works on contingency.
Key Takeaways
- Thrivest advances cash based on the strength of your case, not your credit score or income, so people with poor credit can still be considered.
- You repay only if you win or settle; if the case is dismissed or you lose, you owe Thrivest nothing.
- The cost of the funding—called a discount fee or factor rate—ranges depending on case type and how long you wait for resolution, and is deducted from your settlement.
- You must have an active lawsuit with an attorney, and Thrivest will contact your lawyer to verify the case details before funding.
- The process process typically takes a few days to a week, and funds are usually deposited within one to two weeks of approval.
How the process Process Works
To explore with Thrivest, you need an active lawsuit and a lawyer representing you. Thrivest does not fund cases where you are representing yourself. You can start the process online or by phone, and you will need basic information about your case: the type of lawsuit, the defendant, your attorney's name and contact information, and an estimate of when you expect settlement or trial.
Once you submit your information, Thrivest contacts your attorney to verify the case details and assess the strength of your claim. Your lawyer does not have to approve the funding, but Thrivest needs their confirmation that the case exists and is moving forward. This verification step typically takes three to five business days.
If Thrivest approves your request, you will receive a funding agreement that spells out the amount you are receiving, the discount fee, and the repayment terms. Read this carefully—it shows exactly how much will be deducted from your settlement. You sign and return the agreement, and funds are usually deposited to your bank account within one to two weeks.
What the Funding Costs
Thrivest charges a discount fee (also called a factor rate), which is a percentage of the amount you borrow. This fee is not a traditional interest rate; it is a one-time cost deducted from your settlement when the case resolves. The fee varies based on the type of case, how much you borrow, and how long the case is expected to take.
For example, if you borrow $5,000 and the discount fee is 30 percent, you will owe $6,500 total—the $5,000 plus $1,500 in fees. That $1,500 comes out of your settlement check, not from your pocket upfront. The longer your case takes, the higher the fee typically is, because Thrivest is waiting longer to be repaid.
Thrivest publishes general fee ranges on its website, but the exact cost for your case depends on details your attorney provides. Ask Thrivest for a written quote before you sign anything, so you know the total amount due.
Who Can Get Thrivest Funding
You must have a pending lawsuit with an attorney. Thrivest funds personal injury cases (car accidents, slip and fall, medical malpractice), workers' compensation claims, employment disputes, product liability, and other civil cases. The company does not fund criminal cases, bankruptcy, or cases where you are self-represented.
Thrivest does not check your credit score or require proof of income. The decision is based on the strength of your case and the likelihood of recovery. This makes legal funding an option for people who cannot get a traditional loan because of poor credit or unstable income.
However, Thrivest will not fund every case. If your attorney tells them the case is weak or unlikely to settle, Thrivest will decline. The company is betting that your case will result in money, so it only funds cases it believes have a reasonable chance of success.
How Repayment Works
You do not make monthly payments to Thrivest. Instead, repayment happens automatically when your case settles or you win a judgment. Your attorney's office or the defendant's insurance company sends the settlement check. Your lawyer deducts their contingency fee, then Thrivest deducts its discount fee from what remains, and you receive the balance.
If your case is dismissed or you lose at trial, you owe Thrivest nothing. This is the non-recourse protection. You keep any money you borrowed, and Thrivest absorbs the loss. This is why the discount fee is higher than a traditional loan rate—Thrivest is taking on the risk that your case will not pay out.
If your case takes longer than expected to resolve, you do not owe extra money or penalties. The discount fee was set when you received the funding and does not change. However, some funding agreements allow Thrivest to charge a small monthly fee if the case extends beyond a certain timeframe; check your agreement for this detail.
Alternatives to Thrivest
Other legal funding companies operate similarly to Thrivest, including LawCash, Lawsuit Loans.com, and Oasis Financial. Each has slightly different fee structures, case types they fund, and approval timelines. If Thrivest declines your case or the fees seem high, it is worth getting quotes from competitors.
You can also ask your attorney whether they can advance you money from their trust account or whether they know of local bar associations or nonprofits that offer emergency funds to litigation clients. Some attorneys will loan you money at no interest if your case is strong enough.
A third option is a personal loan from a bank or credit union, though this requires good credit and income verification. Unlike legal funding, you must repay a personal loan even if your case loses, so it carries more risk for you.
Red Flags and What to Avoid
Be cautious of any funding company that guarantees approval or promises a specific settlement amount. No legitimate company can predict what your case will be worth. If a company tells you that you are may provide to receive funding or that your case is certain to settle for a particular sum, that is a warning sign.
Avoid companies that pressure you to sign quickly or that are vague about fees. A legitimate funding company will provide a written quote showing the exact amount you borrow, the exact discount fee, and the total you will owe. If they refuse to put it in writing, walk away.
Do not confuse legal funding with a lawyer's contingency fee. Some unscrupulous companies advertise "information programs" or "no-cost funding," which is misleading. Legal funding always has a cost—the discount fee. The word "free" should never appear in a legitimate funding agreement.
Frequently Asked Questions
Can I get Thrivest funding if my case is still in early stages?
Yes. Thrivest funds cases at any stage as long as you have an attorney and the case is moving forward. Early-stage cases may have higher discount fees because the timeline to settlement is longer and less certain. Your attorney's assessment of the case strength matters more than how far along you are.
What happens if I settle my case before the funding term ends?
You repay Thrivest from the settlement proceeds when ready. There is no penalty for settling early. Thrivest gets its money back plus the agreed-upon discount fee, and you receive the remainder. Early settlement actually benefits you because you owe less in total fees.
Can I get funding from multiple companies at once?
Yes, but it is risky. If you borrow from two funding companies and your settlement is smaller than expected, there may not be enough money to repay both. Your attorney can advise whether your case is strong enough to support multiple funders. Always disclose to each company that you are seeking funding elsewhere.
Does getting legal funding affect my case or my relationship with my lawyer?
No. Legal funding is a separate transaction and does not change how your attorney handles your case. Your lawyer is not paid by Thrivest and has no obligation to the funding company. However, your attorney must cooperate with Thrivest's verification process, which is routine and takes minimal time.
What if Thrivest denies my process?
Thrivest will tell you why—usually because the case is assessed as too weak or too early to fund. You can ask for feedback and then approach another funding company. Different companies have different risk tolerances, so a decline from one does not mean you cannot get funding elsewhere. You can also reapply to Thrivest later if your case develops further.