At Baker Street Funding, plaintiffs often come to us for one or more settlement advance loans when litigation proves longer and more complex than expected. We understand that unexpected turns can extend the timeline of a lawsuit—which is why we make it easy to access as many lawsuit loans as needed, no matter the amount. So if you are worried about whether you can qualify again, regardless of how many pre-settlement loans you may have received with another company, Baker Street Funding may still be able to approve you for more funding.
At Baker Street Funding, we are aware that accidents and injuries often leave their victims in pain and suffering. The families of the victims are also not spared from the hardship that follows such unfortunate events. During these difficult times, one factor that hits victims is finance — money for medical bills, rent, settling debts, and get by everyday expenses like feeding. However, bills don’t stop coming, and many risk financial embarrassments like expulsion and repossession. Victims of accidents and personal injuries barely have enough strength to move around, and resuming work without full recovery will only set back their healing process. As a result, desperation tempts them to borrow against their expected settlement from predatory lenders that provide skyrocket costs, making it increasingly difficult to borrow more money when it is urgently needed.
The two questions that plaintiffs often ask before taking out more pre-settlement loans are, “How many pre-settlement advance loans can I get?” “Can I apply for a pre-settlement cash advance with a different lender and lower the rate on previous loans?”
If your lawsuit qualifies for another cash advance, you can absolutely get as many pre-settlement loans as the value of your potential settlement allows. While there is typically no limit to how many pre-settlement loans plaintiffs can have overall, lenders typically set their own restrictions to justify added funding. Generally, you can take out more than one loan on your case as long as it is with the same funding company. Since you are not allowed to have multiple pre-settlement funding agreements with different companies, you can change lenders to lower your rate by combining your current advance into one loan with Baker Street Funding and continue to get more funding according to your needs.
How? Getting approved for additional pre-settlement funding depends on certain factors, such as:
The case has to have progressed since the last time you received funding, procedurally or through medical or surgical treatment, the case value needs to merit extra funding, and there can be no open appeals.
