Pre settlement funding is an easy way to get the money you need during a legal process, before or after your case settles. Baker Street Legal Funding provides flexible lawsuit loan contracts for your convenience. Get approved to find your rate.
Baker Street Legal Funding provides support for plaintiffs with pending lawsuits who are in desperate need of financial assistance due to the long going battle with the insurance company. A cash advance based against your pending lawsuit settlement could be a lifeline to plaintiffs like you. Get a better offer from the insurance and apply for cash in advance of your lawsuit settling.
Pre-settlement funding provides you with instant cash to pay your bills while your case is still in court. Whether you want to pay rent or help your family, Baker Street Funding Pre-Settlement Loans can give you quick access to funds for your financing needs. We could help you save thousands of dollars. Simplify your finances with a single, non-invasive approach. There are no lost-case payment penalties and no-risk.
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 then contact your attorney and perform a case evaluation by our world wide lawsuit funding experts.
Upon approval, you and your attorney sign our lawsuit funding contract. Your funds are sent directly to you in less than 2 hours.
Our pre-settlement lawsuit loan process is simple, convenient, and fast to get you the money you need as quickly as possible—and with lower rates. It takes minutes to apply.
Pre-settlement advances from the best lawsuit loan companies in the United States helps avoid pitfalls of settling quickly for less money by making available the cash you need now at no risk. Get competitive rate-in lawsuit loans that work for you. The best pre settlement funding companies can close a transaction for you in as little as 48 hours.
From offering higher amounts to better service, Baker Street Legal Funding is the right choice. We work with hundreds of pending claims and can help you get the best deal possible, or we will refer your case to someone else, period.
High rates are annoying, and people hate them. That’s why we provide affordable pre-settlement funding. That means there are absolutely 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 them.
Baker Street Funding offers the fastest turnarounds in the country. When you apply at Baker Street Funding, you will see that we treat your lawsuit settlement loan application the same way no matter the size of your case.
77 Water Street, 7th Floor, New York, New York 10005, United States
Give us a call and speak with a dedicated U.S.-based injury loan specialist. Application hotline: (888) 711-3599
This is a medical negligence case and wrongful death case. Plaintiff died as a result of medical negligence during a surgical procedure on his spine.
Client had multiple surgeries and lost the ability to move his legs after a car accident against a commercial truck.
This is a settled case. The plaintiff won his case and borrowed money against his lawsuit settlement award.
You first have to understand that this is not a typical type of a loan. Lawsuit funding is an investment made on a portion of your expected settlement. This type of investment is the bridge between the money you need and the available funds a funding company has, so you can keep your case going. Pre-settlement funding or lawsuit loans are non-recourse transaction agreements, meaning You are not required to pay back the granted funds if your case is lost.
Baker Street Legal Funding can buyout any pre-settlement funding contract no matter the size. We offer plaintiffs the ability to consolidate their previous advances and save money on future payments. Plaintiffs seeking their 2nd pre-settlement loan rely on Baker Street Legal Funding because of better treatment and a lower consolidated rate. If you have previous funding and need more money, as long as you have a strong case, you may get a cash advance on your pending litigation.
Additional settlement funding requirements:
You can get as many pre settlement 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 warrant multiple fundings but 80% of the cases we underwrite come back three or more times for funding.
Non-recourse transactions and carry no risk for the plaintiff because if for any reason your case doesn't successfully settle, you will no longer be responsible for the payment. Nevertheless, non-recourse transactions are risky the pre settlement funding companies because we don’t look into your credit history nor work background, we only rely on your case value, how risky the case is and the percentage of your case settling successfully.
Lawsuit loans can be beneficial in cases of personal injury where severely hurt plaintiffs cannot work during the lawsuit process. Medical bills will stack up but also your everyday bills. Not being able to pay for utilities or even your next lunch meal can be disappointing and financially draining. 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 assistance due to the sustained injuries that have caused him or her an economic fall.
Acquiring the funds you need allows you to deal with the insurance company's long settlement waiting period. Whether it is employment discrimination or a wrongful imprisonment claim, a case loan may help you achieve a more rewarding settlement check. It would be best if you didn't fall victim to the insurance company's maneuvers that not only make you wait long periods to offer a reward but an undervalued compensation. A lawsuit loan, aka pre settlement lawsuit funding, can help you say no to the defendant so you can support yourself in the time being while your case goes to trial or you finally get the settlement award you deserve.
We offer multiple legal funding structure to help create a bespoke finance agreement specific to your case and situation.
Settlement advances do not involve credit checks or job verification and they are solely based on the funding company’s analysis of your case and the probability of it being successful.
The repayment of funds is wholly contingent upon the successful settlement of your litigation. The payment is dispersed to the funding company only when:
Pre-settlement funding 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 all pre settlement loan requests, you must be represented by an attorney. Pre settlement loan companies are paid by your attorney and only if your case is won. The reason why this is, is because the loan is based solely on the merits of your case, we are not basing the advance on your assets, your credit nor job status.
Loans against lawsuit's approvals typically take an analyzation period of 24-48 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 lawsuit settlement loan company, not your attorney. The firm analyzes the merits of your case and determines how much of the future estimated settlement amount they can make available to you today.
Pre-settlement loan companies use certain prerequisites to get a lawsuit advance pre-approval. Please be advised that depending on your case, more or less may be needed in order to qualify for the loan.
The qualification requirements consist of:
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, you might be eligible for a lawsuit advance. Lawsuit advance companies require you to have a retained an attorney and for your case to be solid. If your lawsuit is valid, your claim is strong, and you have a high probability of winning it, then more than likely, your case qualifies for a lawsuit advance. To see if you are eligible, please fill out an application online or over the phone at (888) 711-3599.
We hope you never find yourself injured, involved in a lawsuit and in need of cash. The following information will help you understand more about how settlement funding works.
A settlement advance is the financial backing provided to plaintiffs with pending claims and in need of immediate cash. Lawsuit loans or settlement advances are commonly used terms to describe pre-settlement funding, yet, they carry the same definition. Lawsuit settlement loans are not considered loans because the lending firm doesn’t base the advancement on credit scores or job status. All pre-settlement funding provided is non-recourse, and the lawsuit cash advance you’ll get, will be based only on the proceeds of your coming settlement. Nevertheless, if your case does not reach a successful settlement conclusion, the funds provided to you do not have to be paid back.
Investopedia describes non-recourse loans very well in this article: “Non-recourse debt is a type of loan secured by collateral, usually property. If the borrower defaults, the issuer can seize the collateral. Still, it cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount, especially when the borrower does not have personal liability for the loan. Recourse debt allows the lawsuit lender to go after the borrower for any balance that remains after liquidating the collateral. For this reason, lenders charge higher interest rates on non-recourse debt to compensate for the elevated risk.”
Plaintiffs in need of a cash advance against their pending settlement should learn what the types of lawsuit settlement funding solutions are, and decide whether it is something to consider. Legal funders generally offer two types of lawsuit settlement funding services to plaintiffs involved in civil lawsuits. These services are pre-settlement funding and post-settlement funding.
Simply put, pre-settlement funding (or lawsuit loans) are cash advances in the form of a check or a wire, provided to plaintiffs when the case has not yet settled, and the award amount of the claim is unknown. Personal injury claims, motor vehicle accidents, and wrongful imprisonment lawsuit loans are the most typical types of cases we fund, and they carry higher interest rates than post-settlement advances (settled cases) because of the extra risk involved in the pre-settlement, meaning, no-win, no-pay, the pre-settlement loan company loses.
Post-settlement funding companies also provide settled case lawsuit loans to plaintiffs with a pending settlement award, but the victim has not received payment yet. While there is a lower risk, these cash advances are not risk-free 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 that don't apply. You can also try to look into leveraging an asset such as a home, an automobile, borrow money from family members and friends. If you can't do that, your only other option is a pre-settlement cash advance. Unlike traditional financing, when you get approved for pre-settlement funding, your loan will be strictly based on the merits of your case and nothing else.
As with any financial transaction, knowledge is vital. Educate yourself on how a lawsuit loan works and always research the funding companies’ background. Always work with a pre-settlement loan company you trust or get a second opinion. This could save you thousands of dollars when your case settles.
It is crucial you answer the following questions before signing a settlement advance contract with any funding company:
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, it is advised to consult with your attorney beforehand to make 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.
Same-day settlement loans are not easy tasks, but Baker Street Legal Funding can make it happen. 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 are planning 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. Same day pre settlement loans can only be executed by sending you a bank wire in which you will get that same day.
Ultra-fast pre-settlement loans help injured victims like you, involved in significant accidents and who cannot work to get the money they need quickly. You are not alone; fast financial assistance does exist through same-day settlement loans. Obtain the necessary legal funding today.
If you have a lawsuit and need money now, then a pre settlement cash advance may be right for you. Most plaintiffs in need of pre settlement cash advances are in a financial crisis and unable to obtain traditional bank financing. If you are a plaintiff and find yourself unable to make ends meet, you may be able to borrow money from your lawsuit settlement so you can cover for your life’s expenses. A pre settlement advance helps plaintiffs attain financial assistance while the case is still litigating. A lawsuit loan could be beneficial for you as long as you understand the rate is fair for the risk that the lawsuit funding company is taking. Pre-settlement funding can be a great tool to help you fight for the award you deserve. No one wants to settle for a lowball offer from the insurance company because rent is due or bills are up.
Non-recourse advances serve the needs of plaintiffs that are having money problems while waiting for their cases to conclude. Here are some reasons to consider getting a lawsuit cash advance:
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 settlement lending firm to work with.
Plaintiffs typically look at other financial options for funding before turning to lawsuit loans. These options could involve bank lines of credit, reverse mortgages, borrowing from friends and family and other options. While some of these options can carry less interest than a lawsuit loan, they can also be based on factors like personal credit and job history.
If you do not have a spotless credit score, then many banks will not lend to you, and most plaintiffs find themselves in a position where they cannot pay their bills. While their credit is negatively affected, they are unable to get traditional financing from banks. 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 lawsuit’s future settlement or judgments. Although pre settlement funding is also known as a lawsuit loan, these legal finance agreements are not considered loans.
Settlement funding is a non-recourse funding contract. 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 upon the once the claim has successfully settled.
The settlement funding process consists of the analysis of your case for the purpose to underwrite a settlement advance through the following three critical factors:
The first thing the pre-settlement loan 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.
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.
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:
Baker Street Legal Funding’s team of settlement loan advisors will handle your application’s intake and review. Depending on several factors, you will either be funded by us 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 as well as 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 good 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.
The pre-settlement loan 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 Legal 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 lawsuit loan application will get approved.
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.
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 case with catastrophic injuries and prolonged disability. The loan offer you receive from most lawsuit loan companies is usually enough to be helpful.
Once you and your attorney sign the lawsuit loan 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. Funds 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 serious than you initially thought, such as requiring surgery or long term disability, you might be able to get an additional funding.
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 funding organizations have stepped in to help. There are now a huge number of companies 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 pre-settlement loans need to know what to do before signing a pre-settlement funding contract. This is why we recommend to:
Predatory lawsuit money lending is the practice that convinces a plaintiff borrower to take ridiculously high payback loan amounts through exploitative methods.
There are many pros and cons when it comes to choosing amongst the best pre-settlement loan companies in the industry; or the worse. Since pre settlement funding is a relatively new industry, some companies may try to take advantage of your situation by promising what they can't and won't ever deliver. The following are real-life scenarios that you will need to consider.
Choosing a top pre-settlement funding company will help you avoid less scrupulous firms that take advantage of their clients through high rates and ridiculously high fees. A higher-rated, prestigious legal funding company can provide you with quick access to capital reasonably. The best pre-settlement funding 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 lender that can invest in your case. The best pre-settlement loan companies are transparent in every step of the way. This is why you must understand the following:
Baker Street Legal Funding is amongst the top legal funding companies in the market established to help you find the right program through a non-invasive approach.
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 is a Premier Legal Funding Firm designed to strategically connect select funding opportunities with our extensive network of sophisticated partners and staff. If your attorney has been retained on contingency and you have a strong liability claim against a properly insured defendant, you may qualify for a pre settlement advance, contact us to discuss your options. * The term lawsuit loans, lawsuit loan lenders, settlement advance loans, or lawsuit settlement loans may be used to refer to pre settlement funding. 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 advance. The word loan is strictly used for marketing optimization purposes and for easier comprehension for prospective clients. Our client relationships are paramount to us and we take the client education process very seriously. We provide legal funding and lawsuit cash advances in the following states, Baker Street Pre Settlement Funding is provided in following states: 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. We are currently NOT funding worker's compensation. We offer attorney funding and law firm financing in every state of the United States.
Historical returns do not guarantee future results. Baker Street Funding does not provide, legal, tax or financial advice and prior to making any financial decision, please consult a financial advisor or tax professional.
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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