LDF Australia lends to clients of select personal injury law firms.
These loans are only available in circumstances where the law firm has offered to work on a no win / no fee basis and for certain types of legal claims.
No, a credit check is not required.
If you take out an LDF Australia loan, we will provide a credit limit that can be used to fund your legal disbursement expenses. Your credit limit depends on the amount of disbursements needed to pursue your claim.
The loan is drawn down by your lawyer on your behalf into your law firm’s client trust account. The money is used to fund expenses required for your case, such as medical reports, expert reports, court filing fees, and so on.
In the event your case is successful, and you receive compensation proceeds, the loan will be repaid from those proceeds.
If your legal case is unsuccessful, or you don’t receive sufficient compensation proceeds to repay the loan during its 60-month term, you do not have to repay the shortfall. Your law firm must guarantee the loan if you use our disbursement funding product. This means the law firm will pay us back.
For more information regarding our disbursement loans or to find out about the application process, contact us