The "No-Win, No-Pay" Promise: How Non-Recourse Funding Works
3 mins read
Published Apr 2, 2025
What Does "Non-Recourse" Actually Mean?
In the legal funding world, you will often hear the term "non-recourse." While it sounds like complicated legal jargon, the meaning is actually quite simple and incredibly important for your financial safety.
Non-recourse means that the funding company has no right to pursue your personal assets for repayment. The only collateral for the advance is the future settlement of your case. If there is no settlement, there is no collateral, and therefore, no repayment obligation.
We Take the Risk, You Keep the Cash
This model shifts the risk entirely from you to us. When World Legal Funding approves your application, we are essentially betting on the success of your case. If your case goes to court and loses, or if it is dismissed, you do not have to write us a check to pay back the money.
You keep the funds we advanced you. You owe us $0 in principal and $0 in interest. It really is that simple. This promise is written clearly into every contract we sign.
Why We Operate This Way
You might wonder, "Why would a company take that risk?" We do it because we believe in the strength of your case. We employ a team of underwriters who review the details with your attorney. If we approve you, it means we are confident you will win.
This structure ensures that you can use the money for rent, groceries, or medical bills without the looming fear of creating a new debt trap. It allows you to pursue justice without putting your financial future on the line.
