Navigating litigation can be expensive and overwhelming. Many plaintiffs, their family members, and even attorneys have asked us great questions about our foundation, as well as more general questions around the non-recourse advance process, interest rates, and much more. To better assist anyone looking for capital during litigation, we have compiled answers to our most frequently asked questions below.

How is the Bairs Foundation different?

The for-profit, non-recourse industry is unregulated, so the cost of capital is often exorbitant for plaintiffs. We’ve seen interest rates anywhere from 50 to 180 percent on these advances that are often crucial for individuals awaiting settlement. The Bairs Foundation is a 501(c)(3) tax-exempt nonprofit organization that’s aiming to change that norm. Our foundation provides financial assistance at 7% simple interest before, during, and after litigation. We’re also here to give you advice and equip you to make the best financial decisions possible — not just to provide financial help and then forget about you.

What is a non-recourse advance? How is this different from recourse advances?

Companies that provide recourse advances can continue to collect debt even after they’ve taken a person’s collateral. Non-recourse advance companies, on the other hand, do not hold borrowers personally liable for their debt. Non-recourse companies lose their money if you lose your case — and that’s how they often justify their exorbitant annual interest rates. Typical non-recourse funding agreements agree to only recover from the lawsuit. If there’s no recovery, you don’t have to pay the company back.

How Does the Bairs Foundation calculate interest?

We offer capital at 7% simple interest. Simple interest is calculated as a percentage of the original amount of capital (called the principal).

What is the difference between simple and compound interest?

While simple interest is calculated on the principal amount of a financial advance, compound interest is calculated on the principal amount AND the accumulated interest of previous periods. We provide more details about the difference between simple and compound interest here.

How quickly can I receive your financial assistance?

Many companies in the non-recourse industry tout their ability to provide plaintiffs with financial assistance very quickly — some as fast as 24 hours. These for-profit companies will advance as much and as frequently as possible, because they will make a staggering return on the interest. For us, it’s not about speed. We know that any amount a person borrows will cost him or her down the road, so we take extra time to consult with families to make sure we’re giving them only what they need. Our turnaround time varies case by case, and we definitely take into consideration time-sensitive or urgent issues. You could receive funds from the Foundation in about 10-15 business days once your request is approved. The careful consideration and attention to details is worth it in the long run.

How can I apply for funding?

First, let your lawyer know that you are going to apply. Then, there are two ways to get started. Click here to fill out the online form. A member of our team will reply to you as quickly as possible. You can also call our Foundation toll-free at (855) 836-2676 to speak with someone right away.

Do you have more questions?

If you have a question that you do not see answered here, feel free to reach out to We’re happy to help!