Can I pay back my advance before my case settles?

Yes, you are permitted to repay your advance at any time without penalty. However, some companies do often require a minimum repayment amount. For example, you wanted to repay your advance after 3 months and the fees on your advance are 3% per month, the contract may require a minimum repayment amount of 3,4 or 6 months. It is very important to carefully read and understand the terms and costs of your funding agreement prior to signing it to guard against unpleasant surprises after the fact.

Another factor to consider is that this form of funding is non-recourse and solely dependent on the outcome of your lawsuit. That is important to remember because if for any reason there is no settlement from your case, you are not required to repay the money you had borrowed. So while it may save you some money if you decide to repay the advance early, it may prove to be a bad decision if your case turns out to be unsuccessful and you would have not been responsible to repay the money