Our fast and efficient lending process. As easy as...

1. Application

Our simple online application is completed with basic information about your case.

2. Assessment

Your application is reviewed immediately by BridgePoint. Additional information about your claim may be requested as part of this process.

3. Approval and Advance

We will contact you immediately about our lending decision. If accepted, the loan documentation will be emailed to you for your review and e-signature. Once signed documents are received (including your lawyer's acknowledgement signature), loan proceeds are advanced by wire transfer or EFT to any account of your choosing.

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Our loan terms

LOAN AMOUNT Starting from $500
INTEREST RATE 19.9%-21.9% per year
COMPOUNDING Semi-annually (NOT monthly)
PAYMENTS No interim payments of interest or principal required until the lawsuit is resolved.
Credit History Review None Required
Application Fee None
Admin Fee $75 to $375* depending on the type of loan plus GST/HST (Admin fee is payable only if a loan offer is accepted).
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Types of loans explained

BridgePoint offers three types of loans depending on what best suits your individual situation. Our lending specialists will be able to recommend the ideal loan solution.

Standard "Lump Sum" Loan

The full approved loan amount (less the admin fee) is advanced immediately. This provides you with all the funds to use right away as needed. Interest on the full loan amount will start when funds are advanced.

Staged Loan

A staged loan involves smaller equal monthly loan advances based on the schedule set out in the loan agreement. It may include an initial lump sum amount. As interest only accrues on the loan amounts when advanced a staged loan will reduce the total interest relative to the Standard "Lump Sum" Loan option.

Line-of-Credit Loan

A Line-of-Credit involves BridgePoint approving a certain loan amount to be drawn upon as needed. As with a Staged Loan, interest only accrues on the amount once advanced.

Frequently asked questions

If your question is not listed below, please contact us.

  • Will I be eligible for a Settlement Loan?

    If you have an active personal injury claim (of any type) and you are currently represented by a lawyer you may be eligible for our services. For all other types of litigation please contact us to discuss. Each lending decision is made on a case by case basis.

  • Does a Settlement Loan make sense for me?

    Like any form of debt, settlement loans can be a helpful resource where managed responsibly. If you have access to less expensive forms of financing, we would recommend you pursue them before considering a Settlement Loan. Where such options have been exhausted and you are experiencing difficulty meeting your basic living expenses, then a Settlement Loan structured to meet your specific needs may be a good solution.

    Refer to the testimonials of people we have helped whose situations may be similar to what you are facing. We also suggest you review our checklist of considerations (above) for anyone considering a settlement loan.

  • How much can I borrow from BridgePoint?

    We generally lend up to a small percentage of our estimated 'value' of your claim. This ensures that the amount owing on the loan by the time your case is resolved does not represent a large portion of your settlement proceeds. Our minimum loan size is $500.

  • How long will it take for me to access the funds?

    Once we receive the application and any other requested materials from your lawyer, we can generally approve a loan within 24 - 48 hours and the funds can be directly deposited into any bank account of your choosing by wire transfer or EFT.

  • How do your rates compare to other law firm lenders?

    Our interest rates are lower than those of any other national "litigation" lenders that we are aware of. Unfortunately, some lenders charge up to the legal limit of 60% annual interest on their loans when you include various administrative and other fees, or costs buried in the fine print of their loan agreements.

  • Can I seek my lawyer's advice regarding your service?

    Yes. In fact, as we will require information from your lawyer about your case as part of the application process, we would advise you to notify your lawyer of your decision to pursue a settlement loan from BridgePoint as a first step in the process.

  • When and how does the loan get repaid?

    Subject to the terms and conditions of our loan agreement, no payment is required until your claim is resolved, at which time the loan becomes due in full. Your lawyer will advise us at that time, and will repay the loan on your behalf from your settlement proceeds.

  • Can I repay the loan before my case settles?

    Yes. We do have a minimum 6 month term for our loans, but otherwise our borrowers are welcome to prepay any or all of their loan without penalty at any time.

  • Is the decision-making process based on my credit history or income?

    No. BridgePoint does not perform credit checks on its prospective borrowers and bases its lending decisions solely on the merits of an applicant's legal claim.

  • Does my lawyer need to guarantee the loan?

    No. While we do require your lawyer to provide us with some of your case file materials (with your authorization), we base our lending decisions solely on our independent review of your case. Your lawyer is completely independent from our lending evaluation process.

  • Does BridgePoint get involved with my case?

    No. We do not interfere with your lawyer's handling of your case.

  • Why doesn't my lawyer just lend me the money?

    Lawyers are not permitted to lend money to their clients. This provides protection for both you and your lawyer.

  • What if my claim is not successful?

    BridgePoint is highly selective about the types of cases it will lend against and the amounts it will lend relative to the expected recovery for each case. In the very unlikely event that the net settlement proceeds to be received by a borrower are insufficient to repay the loan, he/she would still be required to repay the outstanding amount and the same interest rate would apply until the balance of the loan has been paid in full.

  • What is my role in the process?

    We require our borrowers to provide government issued ID, bank account information and to review and sign two documents – a standard loan agreement reflecting the terms of the loan (as described above), and a direction authorizing your lawyer to repay the loan on your behalf once your case is resolved. These documents can be signed at your lawyer's office, or we can send them to you for signature by email or fax. It is a very simple and straightforward process.

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