How lawsuit loans work in New York (and why they matter)
In New York, pre-settlement funding, also called a lawsuit loan or litigation finance, offers a legal and risk-free financial solution for plaintiffs involved in personal injury lawsuits. It acts as a cash advance to help cover expenses like medical bills and living costs while your case is pending—you only repay if you win. No credit checks are needed, and there’s no obligation to repay if you lose your case.
Disclaimer: Lawsuit loan rates vary and can be higher than traditional loans due to the inherent risks assumed by lenders. At Baker Street Funding, we are committed to responsible lending practices and offer competitive rates with transparent terms. Before making a borrowing decision, we encourage you to explore all your financing options, including traditional loans, borrowing from friends and family, and consulting with your attorney.
When should I consider pre-settlement funding for my New York lawsuit?
A lawsuit loan can be a helpful tool during a legal battle, but it’s important to consider it at the right time. Here are some situations where a lawsuit loan in NY might make sense:
- Everyday Expenses: If your injury prevents you from working, a lawsuit loan can help cover daily living costs like rent, mortgage, utilities, groceries, and transportation.
- Medical Bills: If you have ongoing medical expenses related to your injury, a loan can help pay for treatments, medications, and therapy.
- Unexpected Costs: Accidents and injuries can lead to unexpected expenses. A pre-settlement cash advance can provide a financial cushion to deal with these unforeseen costs.
- Strong NY Case but Slow Settlement: If you have a strong case with a high chance of winning, but the settlement process is slow, legal funding can bridge the financial gap while you wait.
- Reduce Financial Stress: Facing a New York lawsuit and recovering from an injury is stressful enough. A loan can alleviate financial worries and allow you to focus on your health and well-being.
Disclaimer: Lawsuit loans for personal injury plaintiffs are not intended to pay for legal expenses. Always discuss your financial situation with your attorney and carefully consider the terms and costs of any loan offer.
How to apply for a lawsuit loan in New York.
At Baker Street Funding, we are deeply committed to getting you the money you need fast. Our streamlined process lets you access funds within 24 hours. The perks? No income proof, no credit checks, and no asset verification.
Apply in Minutes
Complete our quick online application form. Prefer a personal touch? Call us at (888) 711-3599.
Expert Review
Once your attorney submits your case information, our expert underwriters will evaluate it within 24 - 48 hours.
Quick Approval
If approved, you and your attorney will receive the funding agreement with all terms to review and sign.
Instant Funding
Once the contract is signed, funds are deposited directly into your bank account or sent via check the next day.
Waiting for a NY settlement and need money now? Get started with our quick and easy application process.
Apply for a New York lawsuit loan today and get funding in 24 hours.
Contingent Repayment: Once you receive your funds, the loan becomes secured by your expected settlement. If the lawsuit is resolved in your favor, the loan will be paid for from the recovered amount. However, if you do not win, you are not obligated to repay us in any way.
The New York advantage: Local lawsuit funding company with fast approvals.
Baker Street Funding’s extensive experience and knowledge of local NY courts and procedures can help speed up the approval process, making it faster and easier for you to get your lawsuit cash advance.
- Same-Day Funding. Secure pre-settlement funding in New York on the very day you're approved - no waiting, no delays.
- Personalized Support. Receive dedicated assistance from a personal injury funding specialist who will be your point of contact throughout your case.
- Larger Settlement Loan Amounts. Whether you need $1,000 or $50,000, claim up to 20% of your anticipated settlement in New York. Choose between ongoing monthly advances or a lump-sum loan.
Non-recourse pre-settlement loans — no credit check required.
Worried about your credit score or the risks of bank loans? With Baker Street Funding, you can access pre-settlement funding in New York without the usual financial worries. No credit checks, no hidden fees, and no impact on your credit score.
- No Monthly Payments, No Worries. Spend less time worrying about your monthly payments and more time recovering.
- Your Financial Past is Irrelevant. We don't check your credit, income, or financial history. Unsuccessful case outcomes won't affect your credit score.
- Your Assets are Protected. Our New York lawsuit loans keep your home, car, and other possessions safe, regardless of your case's final decision.
Providing the lowest interest rates available for New York pre-settlement loans.
New Yorkers don’t settle for second best. If you’re hunting for pre-settlement funding with the lowest APR in the state, be sure to pick a lender that keeps overall costs in check. Baker Street Funding offers competitive terms and a transparent process so you know exactly what you’re paying for—no surprises, no heavy burden, just reliable help when you need it.
- Non-Compounding Interest Rates. Enjoy pre-settlement funding rates as low as 2.95% monthly, and say goodbye to confusing lawsuit loan fees, high interest rates, and the fear of losing a big part of your settlement funds.
- Capped Rates to Keep Your Settlement Safe. Protect yourself with a 3-year cap so that you can keep more of your money in your pocket if your NY case takes longer than expected to settle. Total financial peace, totally worth it.
Remember, even though repayment is only required if you win, you should borrow responsibly and manage your finances carefully to avoid high-interest charges.
Stronger cases with a high likelihood of winning may qualify for reduced rates, subject to terms and conditions.
How Our New York Lawsuit loans Respect Your Privacy, Control, and Attorney-Client Privilege.
Looking for the best lawsuit loan companies in New York? Discover why clients choose Baker Street Funding.
The best legal funding companies in New York offer a dual advantage: quick and secure financial support at a low cost from a single point of contact. Join thousands of New Yorkers and beyond who have secured the funding they need with Baker Street—a top-rated pre-settlement loan company dedicated to elevating your experience.
“I am so thankful I got courteous help, I was guided through the litigation loan financial process and this company convinced me to take less money and take out funds only as needed. These people actually care about you and as far as the rates go they were non-compound.”
Ms. Rivera
“The interest rate was better than I thought it would be. I would recommend them to everyone looking for fast pre settlement loans!”
Ms. Rifino
“I had previously gone with a lending company who were all about money and not about clients. Baker Street came in and bought out my loan with the previous lender and gave me a really great opportunity to have it consolidated at a much lower lending rate.”
Mr. Lucas
“My attorney sent me to Baker Street Funding. I am more than happy to have funded my case with you guys and you have my personal recommendation.”
Ms. Dara
Specialized lawsuit funding solutions in New York state.
Dedicated Medical Lien Funding
Access the much-needed medical care, even if you can't afford it upfront. We provide direct funding to NY medical providers for rehabilitation, medication, surgery, and more.
Switch & Save with Loan Buyouts
Stuck with a high-interest loan from another lender? Our pre-settlement funding buyout program allows you to consolidate your existing funding into a single loan with a lower interest rate—saving you thousands.
Bridge the Gap After Your Win
Obtain an advance on your settlement check immediately after winning your case instead of waiting weeks or even months for disbursement. Post-settlement funding in NY lets you cover your expenses, pay off debts, or invest in your future—the choice is yours.
Ongoing Financial Support
Need additional funding as your case progresses? No problem. With Baker Street Funding, you can apply for multiple settlement loans as your needs evolve.
Case Cost Funding for NY Attorneys
Get the financial resources you need to cover case-related expenses, including expert witness fees, court filing fees, and other litigation costs.
Plaintiff Funding for NY Clients
Attorneys can secure preferred rates for their clients through our New York plaintiff funding solutions. Help cover essential living expenses, medical bills, and more with a lower rate.
Ready to get fast cash for your New York lawsuit?
Tired of worrying about bills while you wait for your settlement? Baker Street Funding provides the money you need with our simple New York lawsuit loan application. With low rates and transparent terms, you can rest assured you’re getting the best possible funding. Apply now and get a decision within 24 hours. Or, speak to one of our friendly funding specialists at (888) 711-3599.
(Free, no obligation consultation).
Frequently asked questions about our New York lawsuit loans.
Seeking more information on lawsuit funding in New York? Experience unparalleled guidance and attention from a single dedicated team member from start to finish.
How can I borrow money from a pending lawsuit before it settles in NY?
If you need financial assistance while your New York lawsuit is pending, pre-settlement funding (also known as a lawsuit loan or cash advance) can provide you with immediate access to funds. It’s not a traditional loan; repayment is contingent upon winning or settling your case. You’re not obligated to repay the lender if you don’t recover money for your case.
What are the requirements for lawsuit loan eligibility in New York?
To qualify for a lawsuit loan in New York, you must have a pending lawsuit, be represented by an attorney, and have a case with strong merits. We provide NY personal injury funding for a variety of cases, including car accident lawsuit loans, medical malpractice funding, slip and fall legal funding, and more. Contact us at (888) 711-3599 for a free case evaluation to see if you qualify.
How do I apply for a lawsuit loan?
Apply online or call us at (888) 711-3599. Our underwriters will work with your attorney to evaluate your case. Once your attorney provides the necessary information, you can receive approval within 24-48 hours. If approved, you and your attorney sign an agreement, and funds are deposited into your bank account the same day or sent by check the next business day.
How are lawsuit loan interest rates determined in New York?
Lawsuit loan interest rates in New York are based on several factors, including:
- Case strength: A strong case with a high likelihood of success may qualify for a lower interest rate.
- Estimated settlement amount: Larger potential settlements may result in lower rates.
- Time to resolve the case: Longer cases may have higher rates.
Some lenders, like Baker Street Funding, use simple interest, calculated only on the principal amount borrowed. However, no matter who you pick, make sure to confirm this with your lender and obtain a clear explanation of all fees and terms.
What is the fastest way to get a lawsuit settlement loan in New York?
At Baker Street Funding, we offer same-day funding upon approval. To speed up the lawsuit funding process, authorize your attorney to release your case file the day it’s requested. This includes medical records, liability and police reports. If we request additional information, ensure your attorney responds promptly. The faster your attorney responds, the faster you can get your funds.
Is pre-settlement funding safe in NY?
Yes, pre-settlement funding is safe when you choose a reputable company like Baker Street Funding. All our contracts are non-recourse, and we operate transparently, with no hidden fees, and provide clear terms, so you know exactly what to expect from the start.
How does repayment work for New York lawsuit loans?
If you win or settle your case, your attorney repays the loan directly from the settlement proceeds. You keep the remaining balance. There are no obligations to repay the funds if you lose your legal case.
Can my New York personal injury lawyer lend me money?
No, lawyers in New York cannot provide cash advances for personal expenses due to ethical rules. However, they can cover court costs and litigation expenses. For personal financial assistance, legal funding companies like Baker Street Funding are the solution.
Can I use the cash advance for any expenses?
You can use the cash advance for any immediate costs related to your lawsuit or daily living, such as:
- Living expenses
- Medical bills
- Transportation
- Child care
- Alimony
- Owed child support
- Housing
- Groceries
- Electrical bills
- Rent
- Mortgage payments.
However, to minimize interest costs, consider taking out only what you need initially. You have the option to access additional funds later if necessary.
How do I choose the best lawsuit loan company in New York?
Find a lender like Baker Street Funding that keeps interest rates capped so your costs don’t skyrocket over time. And don’t just zero in on the monthly rate or fees. Be sure to ask about the Annual Percentage Rate (APR) to get a clearer picture of your total annual borrowing costs.
Some legal funding companies in New York, like Baker Street Funding, also offer bonuses or reduced rates if you refer other clients or your attorney refers you.
Why Choose Baker Street for New York Lawsuit Loans:
| Interest | Non-compounding starting at 2.95% p/month |
| Loan protection | 2-3 year cap |
| Funding time | 24 hours |
| Average loan amounts in New York | $12,500 |
| Funding amounts | $1,500 up to $2.5MM + |
| Type of loan | Non-recourse |
| Workers’ comp eligibility | No |
| Personal injury claim eligibility | Yes |
| Civil rights case eligibility | Yes |
Pre-settlement funding across New York: where we serve & personal injury trends.
New York Counties Where We Provide Pre-Settlement Cash Advances
At Baker Street Funding, we offer pre-settlement loans across many counties in New York, helping plaintiffs manage their financial needs while waiting for their injury claims to resolve. Some of the counties we serve include:
Bronx, Kings, Nassau, New York (Manhattan), Queens, Richmond (Staten Island), Suffolk, Westchester, Albany, Erie, Rockland, Dutchess, Monroe, Onondaga, and more.
Cities We Serve
We proudly support residents in New York’s major cities. Whether you’re dealing with medical bills, lost wages, or other urgent expenses, we provide pre-settlement loans in cities, including:
New York City, Buffalo, Rochester, Syracuse, Yonkers, Albany, White Plains, Hempstead, New Rochelle, Mount Vernon, and more.
Personal Injury Trends and Statistics in NY.
According to New York Department of Health, each year, nearly 8,000 New Yorkers lose their lives due to various injuries, and they are the leading cause of death for New Yorkers aged 1 to 34, remaining a major cause for all other age groups. Surprisingly, New York also witnesses over 30,002 fatalities from car accidents annually. Some of the specific causes include:
Understanding the Prevalence of Personal Injury in NY
Unfortunately, personal injuries are a common occurrence in New York. According to the New York Department of Health, injuries claim the lives of nearly 8,000 New Yorkers each year, making them a leading cause of death for many age groups. Car accidents alone account for over 30,000 fatalities annually, with contributing factors like:
- Drinking and driving
- Speeding
- Distracted driving
- Truck accidents
- Bicycle accidents
If you’ve been injured in an accident, you don’t have to face the financial challenges alone. A personal injury lawsuit loan from Baker Street Funding can provide the financial assistance you need while awaiting your settlement.
Get Started Today
Don’t let financial strain add to the stress of your legal battle. Apply for pre-settlement funding in New York with our quick and easy online application. Reach out to Baker Street Funding at (888) 711-3599 to get a complimentary case funding review today.
Legal funding resources for New Yorkers.
