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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.

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