Pre-settlement lawsuit loans in 24 hours or less.

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 more about what options to consider before applying for lawsuit loans, learn about contracts, eligibility, and the detailed facts on how settlement funding works.​

1. What are settlement advances?
2. Methods of finding the best pre-settlement funding companies
3. Same day pre-settlement loans.
4. How pe-settlement funding companies analyze a case.
5. Financial institutions vs. lawsuit lending companies.
6. Baker Street Funding practices.​

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.

• Pre-settlement funding: Simply put, pre-settlement funding (aka pending lawsuit loans) are cash advances in the form of a check or a wire, provided to victims with unsettled lawsuits, and the award amount of the claim is unknown. They carry higher interest rates than post-settlement funding (settled cases) because of the extra risk involved in pre-settled cases, meaning, no-win, no-pay. The cash advance settlement company loses. 
• Post-settlement funding: Post-settlement funding companies also provide settled case lawsuit loans to plaintiffs with settled lawsuits, but the victim has not received payment yet. While there is a lower risk for the plaintiff, lawsuit funding carries a high risk to the loan institution because there is still a chance that the defendant can default on the judgment and not pay.

Traditional bank lending is an alternative to lawsuit financing; the problem is you can’t access it with bad credit, no job history, or a large amount of outstanding debt. You also cannot access if you had a bankruptcy recently, and other hindrances don’t apply, unlike when you get approved because it is strictly based on your case’s merits and nothing else. It’s important also to try to get a personal loan from a financial institution and try to leverage an asset such as a home, an automobile, and borrow money from family members and/or friends. If you can’t do that, your only other option is for you to apply for a loan against your lawsuit.

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 applying for lawsuit loans:

• Facing eviction or foreclosure.
• Purchase or lease a vehicle to get to work.
• Keep your small business afloat.
• Need the money to finish a college degree or professional training.
• Need money for your children’s education.
• Supplement disability payments.
• Improve credit score by paying down bills.
• Resolve claims against you by collection agencies.

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.

Pre-settlement financing can be a great tool to help you fight for the award you deserve so you don't settle for a lowball offer from the defendant because rent is due or bills are up. Acquiring the pre-settlement funds you need while under financial pressure enables you to effectively deal with the insurance company's settlement delays, allowing you to wait for fair compensation.

Lawsuit financing could be useful as long as you understand the rate is fair for the risk that the lawsuit funding company is taking. Lawsuit loans can be beneficial in personal injury cases where severely hurt victims cannot work during the lawsuit process. This is why lawsuit funding is extremely popular with personal injury victims who find themselves injured while their case is being litigated. For example, a medical malpractice plaintiff 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.

Cash loans on lawsuits help relieve this financial distress, so you and your attorney can negotiate a better settlement offer. Lawsuit settlement loans are resources that help claimants support themselves while the case goes to trial or a better settlement is awarded.

If you are a plaintiff with a filed lawsuit and need money to make ends meet, you may be able to qualify for loans against settlements so you can cover your life's expenses. Apply for a lawsuit cash advance today.

You may be able to qualify for lawsuit loans if you have a pending claim for an auto accident, medical malpractice, wrongful death, slip and fall, nursing home negligence, truck accident, or another personal injury claim. Lawsuit loan companies use certain prerequisites to get lawsuit loans pre-approved.

Please be advised that, depending on your case, more or less may be needed to qualify. Most lawsuit funding companies require:

• An attorney's representation.
• The case must be solid and have a high probability of winning it.
• For settled personal injury lawsuits, a minimum settlement of $50,000 is required for funding.
• Your attorney’s co-operation is a must. Without it, we cannot fund your case.

To see if you are eligible, please fill out an application online or over the phone at (888) 711-3599.  

Baker Street Funding provides pending litigation loans in most states of North America depending on state law:

Alabama, 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,  West Virginia, Washington, Wisconsin, Wyoming. 

Baker Street Funding understands the financial pressures victims go through during litigation and do our best to provide cost-friendly settlement funding 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.

MEDICAL MALPRACTICE

In the United States alone, medical professionals can act negligently and make errors. The effects of malpractice could negatively impact a victim for good. Some of the funding we provide for medical malpractice cases are misdiagnosis, delayed diagnosis, failure to treat, and surgical errors. 

WRONGFUL DEATH

Wrongful death means that another person acted negligently and causing the death of another. Wrongful death causes include:

• Car accidents caused by a negligent driver.
• Medical malpractice due to the lack of concern of a doctor or medical professional.
• Nursing home negligence caused by a worker who mistreated the patient.
• Product liability lawsuits involving malfunctioning products that cause the death of a person.

DISCRIMINATION

Illegal forms of discrimination are being practiced today in the United States, especially inside the job. 

We provide funding to plaintiffs who are victims of:

• Race and color discrimination
• Sex discrimination
• Religious discrimination

WRONGFUL IMPRISONMENT

Thousands of people have gone to jail for a crime they did not commit. We provides loans to victims of wrongful conviction, mostly due to the following causes:

• Wrong or misleading forensic science.
• Government officials misconduct.
• False confessions or admissions.
• Witness provided the wrong ID.

SEE SOME OF THE CASES WE FUND:

• Motor Vehicle Accident Legal Funding
• Truck Accident Funding
• Airplane Accident/Injury Case Funding
• Bicycle Injury/Incident Case Funding
• Discrimination
• Wrongful Death Lawsuit Funding
• Mass Tort Litigation Funding
• Settled Case Funding
• Tractor Trailer or Semi Accident Funding
• Commercial Litigation Funding
• Qui Tam or Whistle Blower
• Bicycle Injury/Incident Case Funding
• Construction Accident Funding
• Medical Malpractice
• Police Brutality Case Funding
• Sexual Harassment and Sexual Abuse Lawsuit Funding
• School Abuse Case Funding
• Surgical Funding
• Slip and Fall or Premises Liability

Personal injury cases can sometimes take many years to resolve, leaving victims short on the cash they need to stay afloat financially. Attorneys are ethically barred from loaning money to clients, so pre-settlement cash advance organizations have stepped in to help. There are now a huge number of providers competing to loan money to litigants with pending cases. Unfortunately, many 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. This is why we recommend:

• Always discuss with your attorney how a pre-settlement funding advance works: Always make sure to speak with your attorney and review the contract before you sign it.
• Learn the cons and pros of lawsuit loans: Your attorney and your pre-settlement advance company should be able to review both the benefits and drawbacks of legal funding.
• Get educated on how interest rates work and never settle to take rates higher than 42% per year: Compound interest accelerates what you will have to pay at the end of your case. But, as time passes, you’ll pay interest on an ever-larger balance grown with interest earned in prior months. Over the long term, compound rates can cause the interest you will have to pay after your proposed settlement is reached, to snowball very quickly, and it can become costly. Ensure that you understand the interest rate, compounding (if included), and repayment structure of your contract.
• Never sign a contract unless you fully understand it: After doing everything mentioned above, you will be ready to sign your contract. Make sure that you fully understand every aspect of the contract before signing.
• Never talk to a firm that is pushing you or threatening you to sign: if that happens, tell your attorney and seek elsewhere.
• Do not tolerate pushy salespeople or high-pressure sales tactics: If you feel like a pre-settlement loan company is pressuring you to sign the contract, walk away, and find another funder.

It is crucial you answer the following questions before signing a contract:

• How fast is the firm?
• They say 24-48 hours, or is it taking longer?
• Are they invading your personal privacy?
• Are they calling you late at night?
• How do their representatives treat you?
• Do they offer a contract price match?
• Are their rates transparent on the contract, or are there any hidden fees?
• Are they working with ethics?

The settlement funding process consists of the analysis of your case for the purpose to underwrite a legal advance through the following three critical factors:

• Fault

The first thing the funding company looks at is fault; all the facts surrounding the incident, as well as the police report (if applicable), or any other supporting documents to verify that the defendant in your case is at fault.

• Injury

In accident cases, the second thing a pre-settlement advance company will look at is injury. Ambulance and emergency room report and any other medical files so that underwriters fully understand the extent of your injuries. If needed, many lawsuit lending companies also provide surgery funding to help you pay for medical procedures as a result of the accident.

• Insurance

Finally, the lawsuit lender will look at the defendant’s insurance coverage. This part is simple: underwriting will ensure the defendant in the case was sufficiently insured to cover the damages and injuries that resulted from the incident.

The approval process consists of the following:

• Your application 

A team of pending settlement loan advisors will handle your application’s intake and review. Subject to several factors, you will either be pre-funded in-house or with one of our partner firms with a relationship based rate. Your application acceptance will be based on our initial phone call, where you will provide publicly available information about your claim. If interest is expressed, we may require further documentation and require a scheduled call with our attorney. The process begins with the settlement loan company contacting your attorney to find out more about your case so that they can determine whether or not it’s a reasonable risk. Remember, they only get paid if your attorney collects money for you. Since attorneys also work on contingency, there’s a good chance that if your attorney thinks your case is worth investing in, then the funder will agree. 

• Your attorney 

The company will want to know how the accident happened and how severe your injuries are. Our team will work with your attorney to ensure our underwriters understand your case and get you the most available funding. Baker Street Funding requires you to be represented by a bar licensed attorney and for that attorney to participate in the due diligence process. Remember, the faster your attorney responds to the funding firm’s questions, the quicker your pending lawsuit loan application will get approved.

• Our underwriter 

The case review consists of a call with your attorney to address any questions about your case. After that conversation, our underwriter will issue an approval or denial, depending on how high the value of your case is. If approved, we will send out paperwork for you and your attorney to sign.

• Your approval amount 

The funding amount will be based on how much money underwriting believes your case will likely settle for. For example, underwriting will not loan somebody $100,000 for a case where the injuries claimed are a strained neck and back with a few visits to a chiropractor. A six-figure loan is only likely for a claim with catastrophic injuries and prolonged disability. The loan offer you receive from most lawsuit loan companies is usually enough to be helpful. 

• Your funds

Once you and your attorney sign the funding contract, upon us receiving the signed agreement, you should receive your loan quickly, sometimes the same day. We will immediately distribute the funds in the manner you choose. The money can either be sent by bank wire straight to your bank account or a certified check to the address of your choosing via next-day FedEx. There’s nothing else for you to do until your case is settled. If your case turns out to be more severe than you initially thought, such as requiring surgery or long-term disability, you might be able to get additional funding.