How Do Instant Lawsuit Loans Work?

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Instant lawsuit loans

When accidents happen due to someone else’s negligence, personal injury victims need money as quickly as possible. The thing is, most plaintiffs go through financial burdens—and can’t cover their bills and daily costs without resorting to loans.

In some cases, a lawsuit loan can provide an alternate strategy for filling in those financial gaps that injured victims go through while waiting for their cases to settle. 

Since bank loans are hard to get when one is unemployed and hurt, personal injury funding can offer an instant solution for paying medical bills, day-to-day expenses, and more.

While case funding can help plaintiffs get risk-free funds rapidly, the loan would still have an interest rate. That means you should rely on your savings and other alternative financing options before applying for one. However, if the money you are getting isn’t enough to make ends meet, a lawsuit advance from a legitimate lender could be the right option for you to get funds today.

If you’re a plaintiff looking to speed up the funding approval process, there are three things you can do that could help you get a lawsuit cash advance in no time. In this post, we’ll share some important tips that may help you get approved quickly.

1) Prepare yourself to expedite the lawsuit loan approval process.

At the qualification stage, you’d be asked to give some basic information about your claim and your attorney’s contact information. The lender will contact you within hours to finish qualifying your legal battle for cash.

However, there are specific criteria most lawsuit loan companies, including Baker Street Funding, look at when considering qualifying a plaintiff for a loan. Funders typically review at least some of the following information that your attorney must send in before approving a settlement loan application:

  1. The strength of your case
  2. How much is your case worth
  3. How injured you are

2) Make sure your lawyer responds to the lender when as soon as they contact them.

In order to increase your chances of getting approved for a pre-settlement advance in the fastest way possible, your attorney has to respond to the company with the required documentation about the case. Your lawyer must show that you have a solid case, substantial injuries due to the accident, and a case worth over $50,000.

If you’ve spoken to your attorney about getting a lawsuit loan and they consent to the loan, it can be very quick to get your case approved for a cash advance. With companies like Baker Street Funding, funds should generally be available on the same day your lawyer sends your case file. 

3) Find a pre-settlement funding company that advances money almost immediately.

If you think your lawsuit will be eligible for a loan, finding a lender that works best for your financial needs is also essential. Not all lenders operate on the same timeline, and only a handful of lawsuit loan companies work fast.

If speed is your top requirement, find a company like Baker Street Funding that works with speed and can easily offer you a settlement loan the same day you get approved.

The takeaway.

Once you find a lender that can provide you with the best lawsuit loans, then you’re probably ready to get funding right away.

As you explore your pre-settlement funding options, consider Baker Street Funding, where you get a lawsuit loan on the spot with absolutely no risks—including no hidden fees.

Our low-interest pre-settlement loans start at 2.95% non-compounding monthly.

Looking for an instant pre-settlement lawsuit loan? Consider Baker Street Funding, where you can apply in minutes and get a cash advance approval in 24 hours.

At Baker Street Funding, we give you the inside scoop on pre-settlement funding by covering a variety of ... financing and legal topics to help you made the best financial decision for you and for your case. Our experts break down complex ideas in a way that's easy to understand so you can stay informed on current trends as well as tips and fact checked information by the CEO and founder, Daniel Digiaimo. Furthermore, Despite its name, consumer legal funding is not a loan. If you don't win your case, no payment needs to be made back. To avoid confusion and simplify matters on, we'll use the word "loan" throughout this article.

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