Car accident loans

Yes! You can receive a pre-settlement loan for your accident case if it has a settlement value of over $50,000.

The first thing you need to do is apply for the advance, and then we will review your legal battle with your lawyer including any settlement offers. If you get approval, you will be eligible to borrow a portion of the estimated case value.

Baker Street Funding is extremely well-capitalized, and there is no limit to what we can fund. Pre-settlement loans for auto accidents typically vary between $1,500 to $750,000. Generally, the cases that get larger amounts are those who have suffered catastrophic injuries, and the defendant is insured for more than one million dollars. Lawsuits against the state, such as police car accidents, where the victim has suffered permanent injuries and disabilities, also get funded top amounts. 

An auto accident cash advance is as easy as 1-2-3. Baker Street Funding is one of the fastest legal accident loan companies; we provide funding for car accident victims in a matter of 24 hours or less.

• The approval of your accident loan is determined by underwriting in less than 48 hours.
• Most requests are approved within 24 hours of receiving the case file. Many times, a plaintiff is approved as soon as the legal funding company speaks to the attorney.
• With the cooperation of your attorney, the process takes one business day. Baker Street Funding is a top-rated car accident loan company that often offers injured victims funds within the next business day.

When you’re injured in a car accident, dealing with the at-fault party’s insurance company can be exhausting, stressful, and debilitating. You may be left without income and tempted to take whatever low-ball amount the insurance adjuster offers you. If you are at this point where you are in major need of money to take care of yourself, then maybe you should consider applying for or a car accident settlement loan. When everything seems not to be working in your favor, then a pre-settlement loan from your auto accident lawsuit could be the answer.

Simply put:

• A car accident cash advance can put you in a better position when dealing with the defendant’s insurance company.
• If your case for any reason doesn’t resolve, you, the plaintiff, will no longer owe the advanced pre-settlement funds.

No, you won’t have to pay back the accident advance if your case loses trial. Lawsuit settlement loans for victims with settled accident cases that end up in bench or jury trial are advances from that potential pending judgment collection, and they are safe regardless of the outcome of the findings of the law because non-recourse financing means that you are exempt from paying a dime if you don’t win your case in court.

Rates: Baker Street Legal Funding provides lower rates than other companies, especially to cases referred by attorneys. Depending on how risky the accident case is, the rates could vary between 1.5% to 3.34% per month (non-compounding), ending in the third year.

Risks: A car accident lawsuit cash advance from your pre-settled or settled case is not a loan. A loan has to be paid back; non-recourse funding is not paid back if the case doesn’t end up in a successful resolution, which happens to settled cases sometimes when the defendant appeals. Lawsuit settlement loans for car accident victims are advances from the prospects of a settlement. These are safe regardless of the outcome of the situation because non-recourse financing for auto accidents is safe, meaning, if you don’t recover from your case, you will not be responsible for the loan.​ The lending company will take the loss. You will only repay the car accident loan if and when your case is settled in your favor, and this is written on the contract you and your attorney dually execute.