FAQ

What types of loans does Seahold offer?

Seahold offers what is called plaintiff financing. If you are waiting for a settlement on a legal claim but finances are getting tight, we can provide financial relief while you wait for your settlement.

Is the process to receive financing difficult?

Our process is designed for simplicity and speed. Seahold has the fastest and easiest application process for personal injury loans. We fill out the paperwork and offer same day approvals. It’s one less thing for you to do.

Are these loans or plaintiff financing referred to in different ways?

The loans we offer are often referred to in many different ways. They can be commonly referred to as accident loans, lawsuit loans, settlement loans, litigation loans, litigation lending, personal injury loans, personal injury funding, personal injury advances, law firm loans, law firm financing, law firm funding, legal funding, legal loans, legal financing, disbursement loans, disbursement financing, disbursement funding, litigation funding, litigation financing, settlement advances, settlement financing or pre-settlement loans.

Are there any additional or hidden fees?

No, there are no additional or hidden fees.

Can I make payments on my account before my case settles?

Yes, you can make payments on your account at any point in time.

Can I pay off my loan before my claim settles?

Yes, you may pay your account in full at any given time.

What are the advantages of receiving plaintiff financing from Seahold?

The financing helps you meet your financial obligations while your lawyer works to get you the settlement you deserve. Higher settlements normally far outweigh interest costs. The loans provide financial relief in difficult times so you don’t have to accept a settlement that is less than you deserve.

How quickly can I receive funds?

Seahold advances are delivered by direct bank transfer as quickly as within the first 24 hours of approval.

What are the interest rates?

Seahold offers competitive interest rates. The interest rate on these loans is the same as is charged by national retail stores on their credit card accounts.

The annual interest rate is 28.8% (2.4% per month) calculated and compounded monthly from the date of advance until the date of payment in full, together with interest on unpaid interest at the same rate and on the same terms. This results in an effective rate of 32.923% per annum.

Does the financing come as a lump sum?

We’re flexible depending on your needs. The loan can be advanced monthly to minimize your costs, or advanced as a lump sum.

Why would I choose Seahold over other companies?

Seahold has specialized in litigation lending for more than 15 years, as such we are the most experienced and most trusted personal injury lending company in Canada. We offer competitive interest rates and our process is designed for simplicity and speed.