A pre-settlement lawsuit loan is an easy way to get the money you need from your pending settlement proceeds during or after your case settles. Get approved for a flexible lawsuit cash advance for your convenience.
A lawsuit loan aka lawsuit funding is a non-recourse financing agreement against pending settlement payments in the form of a cash advance provided by pre-settlement funding companies to victims involved in lawsuits. Also known as non-recourse lawsuit loans, they help plaintiffs attain the financial help they need while the case reaches a fair resolution. There are no lost-case payment penalties and no-risk. Risk-free pre-settlement funding means that you are exempt from paying back the money if you do not successfully settle your claim.
The process for pre-settlement funding is simple, convenient, and fast to get you the money you need as quickly and efficiently as possible—and with lower rates. It takes minutes to apply.
Apply for a lawsuit loan and only provide basic data in seconds or even better, call us to apply; it's easy and fast.
We work with some of the best former personal injury attorneys in America who will then evaluate your case with your attorney.
Upon approval, you and your attorney sign our lawsuit funding contract and send back to us for the final review.
Upon the execution of your contract, your legal funds are sent directly to you in less than 2 hours or via Next Day FedEx.
High rates are annoying, and people hate them. That’s why we provide affordable lawsuit loans. That means there are absolutely no pre-payment penalties, and no shady hidden fees. Get a fair risk-based (low-interest rate) pre-settlement loan. Some of our clients have seen savings as high as 20% a year by working with us. Remember, if someone else offers you a contract, we will match or beat their interest rates. Get competitive rate-in lawsuit loans that work for you.
From offering higher amounts to better services, Baker Street Funding is the right choice. Yearly, we fund thousands of claims and can help you get the best deal possible, or we will refer your case to someone else, period. Get a quick approval, a helpful service, and take care of your financing needs by tomorrow. See how we are different:
Pre-settlement loans have advantages that are very appealing to consumers who have trouble getting the financial resource for the purpose of paying the necessary expenses or settling a case for a high valued settlement award while the claim is still pending in court. Get risk-free cash in advance of your lawsuit's court resolution, and obtain the money you need by the next-business-day. See some of the benefits below:
Pre-settlement advances from the best lawsuit loan companies in the United States helps avoid the pitfalls of settling quickly for less money by making available the cash you need now at no risk. The best pre-settlement funding companies can close a transaction for you in as little as 48 hours. Having been recognized as one of the best legal funding companies in the market, the company was established to help you find the right settlement financing program today.
Many plaintiffs looking for funding from their pre-settled and settled cases use Baker Street's pre-settlement lawsuit loans due to the larger amounts we approve. Get much higher amounts and get funded as you please. See how much you could get:
In this case, the plaintiff had multiple surgeries and lost the ability to move his legs after a car accident against a commercial truck.
This case is a medical negligence lawsuit combined. The victim passed away as a result of medical malpractice during a surgical procedure on his spine.
77 Water Street, 7th Floor, New York, New York 10005, and our Florida location at: 780 5th Ave. S Suite 200, Naples, FL 34102
Baker Street Funding offers the fastest turnarounds in the country. Call us at 888-711-3599 to learn more.
No. Settlement loans are not risky because they are non-recourse, which means you will no longer be responsible for the payment if you lose your legal dispute. Nevertheless, these transactions are risky for lawsuit loan companies because we don’t rely on recourse like a home, a car, or a business if you can't pay us; we are only interested in the value of your case, how risky the claim is, and the possibility of your case settling successfully.
We can buyout any pre-settlement funding contract no matter the amount. We offer plaintiffs the ability to consolidate their previous advances and save money on future payments. Get a much lower consolidated rate for your 2nd pre-settlement loan.
As long as your legal action is significant enough to warrant compensation, you may be able to get an additional advance.
1) Your claim has to have progressed since the last time you received a lawsuit loan, either procedurally or through the plaintiff having further medical treatment.
2) The case value needs to merit additional funding.
3) There can not be any open appeals.
You can get as many lawsuit loans as your case supports. If your case is strong, you will be able to apply for funding whenever you need it. Not every case is large enough to justify multiple advances, but 80% of the cases we underwrite come back three or more times for additional funds.
We provide multiple funding structure to help create a bespoke financing arrangement specific to your case and situation.
There are no credit checks or job verification. Your approval will be solely based on the pre-settlement loan company’s analysis of your case and the probability of you winning it.
The repayment of funds is wholly contingent upon the successful settlement of your litigation. The payment is dispersed to the pre-settlement funding company only when:
Pre-settlement financing companies make a profit only if a case settles, and the payment is predetermined on contract. You are not required to pay the company if your claim is lost.
No. For pre-settlement loans to be approved, you must be represented by an attorney. Lawsuit loan companies are paid by your attorney, and only if your case is won. The reason why this is because your loan will be based solely on the merits of your case. We are not basing the advance on your assets, your credit, nor job status.
The approval time for a pending settlement loan typically takes an analysis period of 24-48 hours (business day) from the moment your attorney provides your case file to the moment you get paid. If you are looking for other products such as litigation funding or attorney funding, the process can take a little longer.
No. The approval amount is determined by the third-party litigation funding company evaluating your legal proceeding, and not your attorney. An underwriter will analyze the merits of your case and determine how much of the future estimated settlement amount they can make available to you today.
No. Lawsuit funding is not a loan. A pre-settlement funding advance is an investment made on a portion of your expected settlement. This is the bridge between the money you need and the available funds a lawsuit loan company has, so you can keep your case moving forward.
We provide non-compounding rates depending on the risk of your case. A non-compounding interest rate stays the same on your 6-month or yearly contract. We do not take high-risk claims, so most of our clients see a fixed rated overtime with no added-hidden fees, and as low as 1.5% monthly, ending in the 3rd year. Meaning if your case takes longer than 3 years to settle, you won't have to pay extra interest.
We hope you never find yourself injured or as the victim of negligence or abuse, involved in an unresolved lawsuit, and strapped out of cash. Learn the detailed facts on how settlement funding works, learn about what options to consider before applying, eligibility, and more.
A settlement advance is the financial backing provided to plaintiffs with pending claims and in need of immediate cash. Settlement loans or advances are commonly used terms to describe settlement funding. A pre-settlement cash advance is non-recourse and is not a loan because the lender does not base the advancement on credit scores, employment status, or assets. This type of financing is called non-recourse because you don't have to pay back the funds if you don't win your case. All funding provided is free of any risk, and the advance funds will be based only on the value the pre-settlement advance company gives your case.
Non-recourse lawsuit loans or plaintiff loans are essentially loans from a lawsuit settlement funding company that are not backed by assets, such as your home, bank account balances, or car title. To have a loan “backed” by an asset means that a financial institution has the right to take that asset in the event that you cannot pay the loan; therefore, they are viewed as less risky by lenders and have much lower rates.
On the other hand, non-recourse lawsuit loans are not backed by any of these recourses and tend to have higher interest rates (depending on the company) than traditional loans.
Some lawsuit lenders, like Baker Street Funding, offer low, fair-rate, non-recourse funding, which may be used for a variety of purposes—like paying off household debt or medical bills.
Plaintiffs who need to borrow money against their settlement should learn what the types of lawsuit funding solutions are, and decide whether it is something to consider. Legal funders generally offer two types of settlement funding programs to plaintiffs involved in civil lawsuits. These services are pre and post-settlement funding.
Same day pre-settlement loans are possible. Although we are not going to sugarcoat the words here to get you to apply as other lawsuit advance companies do, with specific requirements, we can provide you with plaintiff lawsuit financing in less than 12 hours. Before you apply, consult with your attorney to help you with this decision. Your lawyer needs to be prepared to send the documents from the moment the funding is requested to get you funded that same day. Plaintiffs will receive a cash incentive on the same day of the application under certain conditions:
What you need to do:
To get approved for a same-day pre-settlement loan, you must make sure your attorney sends the documents first thing in the morning if you plan to receive funds wired into your account that same day. Upon same-day approval, both the plaintiff and the attorney must be present when signing the contract before 3 pm (bank wire cut time). If a check is preferred, then you will receive the funds the next day. Pre settlement funding on the day you request can only be executed by sending you a bank wire you will get that same day. Same day funding helps injured victims involved in significant accidents get the money they need quickly. You are not alone; fast advance funding does exist through same-day settlement loans. Obtain the necessary legal funds today
Pre-settlement funding companies offer plaintiffs the freedom to secure cash against their expected compensation. See what you need to do, before you apply for settlement financing:
If you have exhausted your financial options, then your only other option might be to apply for a loan against your lawsuit. Lawsuit loans companies view your expected settlement proceeds as collateral. Your approval chances for a lawsuit loan are strictly based on your case’s merits and your ability to win the case. A pre-settlement loan company could help you get the money you need while you litigate your claim for a well-valued award.
Non-recourse cash advances serve the needs of plaintiffs that are having money problems while waiting for their cases to conclude. Here are some reasons to consider an advance against your litigation:
It’s important to thoroughly assess your entire financial picture before taking out a loan against your pending lawsuit. Once you’ve made the decision that you would like to apply for a lawsuit loan, be sure to select a trustworthy pre-settlement funding company to work with.
Many times, when victims are in the middle of a lawsuit, they run out of financial options to support themselves so they can keep their cases moving forward. Settlement loans are resources that help claimants support themselves while the lawsuit goes to trial or a better payment is awarded. Pre-settlement financing can be a great tool to help you fight for a better award so you don't settle for a lowball amount. Acquiring the pre-settlement funds you need enables you to effectively deal with the defendant's delays, allowing you to wait for fair compensation so your attorney can negotiate a better offer.
Lawsuit financing could be useful as long as you understand the rate is fair for the risk that lawsuit loan companies take. This type of financing is extremely popular with personal injury victims who find themselves injured while their case is being litigated and can be beneficial in personal injury cases where severely hurt victims cannot work during the court process. For example, a medical malpractice victim who finds himself hurt and out of work will seek financial relief due to the sustained injuries that have caused him or her an economic fall.
Lawsuit loan companies use certain prerequisites before approving a loan. Please be advised that, depending on your case, more or less may be needed to qualify. Most lawsuit funding companies require:
To see if you are eligible, please fill out an application online or over the phone at (888) 711-3599.
Baker Street Funding understands the financial pressures victims go through during litigation and do our best to provide cost-friendly solutions. We are committed to offering quick financing for plaintiffs involved in most personal injury, employment, and civil rights claims. If you don't see your case type below, please call us at (888) 711-3599 to see how we can help you. See some of the cases we mostly fund:
Baker Street Funding funds in most states of North America depending on state law:
AlabaEligiblema, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.
We are currently NOT funding worker's compensation.
The following resources from our blog will help you understand more about how settlement funding companies work.
Pre-settlement funding is a risk-free advance against your expected lawsuit settlement award. Plaintiffs can now get the financial assistance they need while their case is still litigating. Traditional financial institutions deny loans when an applicant has a low score or is in high debt. They do not see your post-settlement recovery as collateral. But claimants have a choice, and they can recur to pre-settlement funding when they've run out of financial resources.
Whether you have an unexpected emergency expense or need to pay for a medical bill, it helps to know what a pre-settlement loan company looks for when they evaluate your loan application. The settlement funding process consists of the analysis of your case for the purpose to underwrite a legal advance through three critical factors. Here are a few items virtually all settlement funding companies consider before approving a plaintiff for a loan: fault, injuries, and insurance. Let's take a look at how lawsuit funding companies look at these factors.
Choosing a top pre-settlement funding company will help you avoid less scrupulous firms that take advantage of their clients through high rates and outrageously high fees. A higher-rated, pre-settlement loan company can provide you with quick access to capital reasonably. The best companies won’t pressure you into signing a contract with them, but instead, if they can’t fund your case, they’ll guide you towards the right moneylender that can invest in your case. The best lawsuit loan companies are transparent every step of the way.
There are now a huge number of providers competing to loan money to litigants with pending cases in court. Unfortunately, some of these companies prey on unsophisticated personal injury victims, fast-talking them into signing on the dotted line without giving them the information they need to make an informed decision. That’s why plaintiffs seeking funding from their cases need to understand what to do before signing a lawsuit funding contract.
Conventional banks do not recognize the proceeds of a lawsuit as collateral; fortunately, lawsuit loan companies do. Pre-settlement funding companies were designed to provide plaintiffs with upfront money secured against their coming compensation. Although settlement financing is also known as a lawsuit loan, they are not to be considered loans. Unlike a traditional bank loan, there are no monthly payments and no obligation to repay the money if the case does not settle favorably. There may be fees associated with an advance, but all fees are paid once the claim has been awarded.
As with any financial transaction, knowledge is vital. Predatory lawsuit money lending is the practice that convinces a plaintiff borrower to take ridiculously high payback amounts through exploitative methods. There are many pros and cons in choosing amongst the best pre-settlement loan companies in the industry; or the worse. Since legal funding is a relatively new industry, some places that loan money against court cases may try to take advantage of your situation by promising what they can't and won't ever deliver.
Baker Street Funding is a Premier Legal Funding Firm designed to strategically connect select funding opportunities with our extensive network of sophisticated partners and staff. Terms and Conditions Apply. BAKER STREET FUNDING RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AT ANY TIME WITHOUT NOTICE. To qualify for legal financing, a consumer must be (1) an attorney, or (2) you must be a corporate plaintiff looking for a minimum of $750,000 in litigation funding or a minimum of $50,000 in post-settlement funding, or (3) you must be a personal injury, civil rights or employment/labor law plaintiff with a retained lawyer on contingency; you mustbe at least 18 years of age, you must have a strong liability claim against a properly insured defendant, you must reside in an eligible state, and meet Baker Street Funding’s underwriting requirements. Contact us to discuss your options. Not all borrowers receive the lowest rate. To qualify for the lowest rate, your attorney must contact Baker Street Funding and meet other conditions. If approved, your actual rate will be listed in your contract. Historical returns do not guarantee future results.
*Baker Street Funding does not currently provide financing to plaintiffs looking for lawsuit funding residing in Arizona, Arkansas, Kansas, Maryland, Nevada, Oklahoma, West Virginia, or Washington D.C. Baker Street Funding reserves the right to change the states where it provides legal funding to without notice.
Attorney funding is provided throughout all states of the United States. The states Baker Street Funding currently provides legal funding to are:
Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina (Minimum $25K), North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.
We currently fund Colorado at a minimum of $75,000. Case value must be at least $750,000+.
We currently fund North Carolina at a minimum of $25,000. Case value must be at least $250,000+.
**Baker Street Funding does not provide lawsuit funding for workers’ compensation.
***This website and advertising are provided by Baker Street Funding, LLC to the extent that there is advertising related to Baker Street Funding, LLC. Transactions facilitated by Baker Street Funding are not to be considered loans. These transactions are non-recourse financing agreements, which means that we are making an equity investment into your litigation. If you lose your case, you are under no legal obligation to repay your legal advance. The term lawsuit loans, settlement loans, lawsuit lenders, lawsuit cash advance(s), settlement advance loans, lawsuit settlement loans, or any word related to a loan(s), lending, lender(s), borrow(er), and cash advance(s) may be used to refer to legal funding. The words and any of its forms: loan(s), lender(s), lending, borrow, and cash advance(s) are strictly used for marketing purposes and easier comprehension for prospective clients. Our client relationships are paramount to us, and we take the client’s education process very seriously.
All information provided by Baker Street Funding is for educational purposes only and should not be taken as investment, legal, tax, or financial advice. Baker Street Funding does not provide investment, legal, tax, or financial advice and prior to making any financial decision, please consult a financial advisor, an attorney, or tax professional.
All legal funding is subject to approval. Additional restrictions may apply. Call for details at 888-711-3599.
Baker Street Funding:
New York Office: 77 Water Street, 7TH floor, New York, NY 10005
Florida office: 780 5th Ave. South, Suite # 200, Naples, Florida 34102
Lawsuit Funding, Settlement Funding, and Litigation Funding: Baker Street Funding, LLC.
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