HOW WE OFFER QUALITY LAWSUIT LOANS TO NY RESIDENTS
OPERATING WITH THE SAME BEST PRACTICES AND DISCLOSURES
As the legal funding industry grows, so does the amount of clients who come to us seeking for financial help. Lawsuits, especially those from personal injuries can bring a huge amount of stress and limitation. At Baker Street Funding, we bring possibilities to plaintiffs in need of financial help in time of need, by providing pre-settlement funding in the State of New York. Our lawsuit loans in New York or as we call them "legal funding" are non-recourse, these are alternatives to traditional loans. You can have access to non-recourse funds, plaintiffs in New York can now rely on us knowing that if your case does not settle, you owe us absolutely nothing, and this is what non-recourse is all about, not a loan but better, bigger and smarter.
NY PRE-SETTLEMENT FUNDING REGULATIONS
Lawsuit loans and pre-settlement funding are generally unregulated in most states including New York. While some bad actors take advantage of these policies to charge high interest and ridiculous fees, Baker Street Funding operates with the same best-practices and disclosures. We make great efforts to provide fair rates, low fees and transparent contracts that all our clients are able to understand. We commit to delivering the best pre-settlement loans for you, so you can finally reach for the settlement amount you deserve.
NY LAWSUIT FUNDING CONTRACTS
Our agreements are purely based on the merits of your case and do not take into account traditional financing requirements like credit and job verification. Insurance companies will try to drag out the settlement process as long as possible to force you into settling for less than you know you deserve.
New YORK, IT'S ROADS AND ACCIDENT RATES
ACCIDENT STATISTICS IN NEW YORK
A large number of fatalities every year occur as a result of car accidents. Many factors including weather, alcohol and distracted driving can cause a life changing crash. Drivers under the influence are a liability on the roads of New York. Texting and driving (and distracted driving in general) are almost just as lethal. Commonly, motor vehicle accidents happen in NY during the weekdays at lunch hour.
We are looking at an approximate of 35,092 fatalities happening in New York alone per year. The police has reported around 6.2 million crashes, yes, you read right, "6.2 million crashes" in 1 year with an approximate of 2.4 million injured and average of 90 fatal deaths per day.
DRINKING AND DRIVING
Driving while under the influence of alcohol play a significant role for motor vehicle accident occurrences in NY bringing an approximate of 30 fatalities in the state per year.
SPEEDING
Speeding bring about 27% of fatalities in New York, causing around 300 + fatalities yearly in the state.
DRIVING WHILE DISTRACTED
Distractions usually cause an approximate of 48,000 + crashes in New York and that means that 1 out of 5 crashes in the state of New York are due to distraction or inattention, this is not including cel phones which bring about 600 crashes more yearly.
4,067 large truck accident-related fatalities occurred and 116,000 injuries, according to the NHTSA. Most of the deaths reported in truck accidents – 74 percent – were deaths of occupants of other vehicles.
Approximately 3700 visits tot he ER are due to bicycle accidents in New York with over 600 hospitalizations per year bringing over 30 deaths in New York alone due to bicycle accidents.
Car accidents can be devastating leaving you with sometimes life-long injuries and loss of income. Until your case settles for what you want, it can be a long and devastating wait that can lead you to settle for much less than you deserve. This is why companies like our exist.