Client Based Lending
Claimants sign a CCA loan agreement and Impact pays funds directly
to the claimant’s solicitors
Impact Funding provides a CCA loan to claimants on acceptance of their case by the solicitor. The purpose
of the loan is to fund legal disbursements (e.g. expert medical reports, barristers’ advice, engineers’ reports).
The loan proceeds are paid directly into the claimant’s solicitors client account or paid directly to service
providers and secured by an indemnity provided by the solicitors in favour of Impact. Loans range
from £1,000 for RTA claims to £3,500 for Employers’ Liability and Public Liability claims.
In most cases the CCA loan provider requires an indemnity from the claimant’s solicitor (usually on a
portfolio basis). This requirement can act as a deterrent to solicitors recommending these facilities to clients
without considering the merits of the underlying case.
Highlights