Baker Street Funding offers financial assistance for plaintiffs throughout the United States. View a full list of the states we fund:
A settlement advance is also known as a non-recourse financing agreement. This means that if you lose your case there is no further obligation for the client to pay us back. Settlement advances are investments into the outcome of your lawsuit. We are advancing you money because we think your case is strong enough to win and pay us back.
Settlement advances can help bridge the gap between your accident and your settlement. If you need money but can’t work and have all types of bills because of your accident, a settlement advance could be the right decision for you. If you receive a settlement advance to help cover living expenses it gives your attorney ample time to make sure you get the most value out of your settlement instead of settling sooner because you need cash now. A settlement advance helps you get through today so you get the most out of your settlement award tomorrow.
At Baker Street Funding, we answer to all applications immediately. You can be approved as soon as we speak to your attorney. We know lawsuits take a while to settle therefore we value your time in need. We can get an advance to you in as little as 24 hours once your attorney sends us the signed settlement agreement or your case documents, we will put together a contract for you based on what our underwriter values your case. Once we receive that signed advance contract back from you and your attorney, we can wire money to your checking account immediately or overnight you a certified check.
Settlement funding is a non-recourse financing agreement strictly based on the merits and outcome of your case therefore there is no job requirement, no credit check and no monthly payments. Just like every investment, settlement advances have risk and the risk that we take is that if your case doesn’t settle we don’t make our money back.
Our settlement loan contracts are custom tailored to each case and our rates are decided on a case by case basis. We have some of the lowest rates in the industry, we normally price contracts anywhere from 2.5-2.99% monthly. The rate does not rise over time and is set until your case settles.
We will try to get you your funds as soon as possible. It all depends on how fast we get all your case documents. 24-48 hours later, our underwriter will speak with your attorney and review your case before giving you a final offer.
The highest amount every legal funding company will advance you is 10% of what your case is wroth at the moment - if approved. The size of your lawsuit and other crucial unique information to your case will be the key to advancing you the funds you need. Baker Street Funding funds from its own private fund, and if we deny you we work with companies that can offer funding between $500 - $1,000,000 + depending on the details of your claim.
No funding company will provide funds without attorney’s representation. Our underwriter will need to speak to your attorney in each and every case with no exceptions before agreeing to buy a portion of your coming settlement. If you need an attorney, please contact us and we will recommend you a great attorney.
Although every case is unique, most information required is as follows:
If you are represented by an attorney and have a pending personal injury, discrimination, wrongful imprisonment or medical malpractice lawsuit; you can apply for pre-settlement and settlement funding.
Alabama, Alaska, Arizona, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island,South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
Baker Street Funding does not currently fund Workers Comp cases in:
Alabama, Alaska, Arizona, California, Colorado, Delaware, District of Columbia, Hawaii, Idaho, Maine, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Vermont, Virginia, Washington, Wisconsin, or Wyoming.