If you are considering obtaining a Lawsuit Loan but have hesitated due to a less than perfect credit rating, there is no need to hesitate applying right now. A Lawsuit Loan is not credit based. Your credit score will not be verified and a company that provides Lawsuit Loans should not pull your credit report. You can rest assured that a bankruptcy, credit card discharges, judgments or other adverse credit records will not affect whether you can obtain a Lawsuit Loan. Unlike a traditional bank loan, a Lawsuit Loan is strictly based on the value of your lawsuit or claim. Your credit score and income level do not affect whether and how much you can borrow. The only criterion for being approved for a Lawsuit Loan is the strength of your lawsuit or claim. The amount that you can borrow is based on the case value. However, most Lawsuit Loan companies cap that amount at 10% to 15% of the possible case value or settlement amount. In addition to loan approval not depending on your credit rating, Lawsuit Loans will not affect your credit score. These types of loans are not reported to any of the credit reporting agencies. Also, since the Lawsuit Loan company is paid in one lump sum when your case is resolved, you do not have to make any monthly loan payments. This alleviates the worry of having to come up with payments when you are injured and the fear of a missed payment destroying your credit history. Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: https://www.smpadvance.com.