How to Secure a Lawsuit Settlement Loan

How to Secure a Lawsuit Settlement Loan: A Complete Guide

Balance your legal and financial struggles with Baker Street Legal Funding.

Dealing with a civil lawsuit is like walking a tightrope. On one side, you have the emotional toll of seeking justice, and on the other, the financial stress of mounting bills and lost income. But here’s the good news: a lawsuit settlement loan from Baker Street Legal Funding can serve as your safety net to catch you when you’re falling into financial ruin. Apply for funds today.

Lawsuit settlement loans
Loans on pending lawsuits

What exactly are lawsuit settlement loans?

You might be scratching your head, wondering, “What exactly are lawsuit settlement loans?” At first glance, the term “loan” might remind you of traditional bank loans, complete with credit checks, collateral, and the looming pressure of repayments. But let’s set the record straight: lawsuit settlement loans are a different breed altogether. Consider them a financial cushion specifically designed to support you when you’re dealing with a drawn-out legal battle and facing a mountain of bills. Unlike traditional loans, these are specialized forms of pre-settlement funding. To put it in layman’s terms, it’s essentially a cash advance against the settlement you’re expecting from your pending lawsuit.

Now, about the waiting game

According to the National Center for State Courts, personal injury cases can take anywhere from 1 – 3 years to settle. Different factors can prolong this period, such as the severity of your injuries or disputes over who caused the accident. Imagine waiting that long, unable to work while your bills pile up. That’s where lawsuit settlement funding becomes a game-changer. It provides you with the financial assistance you need during this extended waiting period.

So, you might be asking, “What’s the catch?”

Here’s where we dive into the specifics. These advances are non-recourse, which means you’re not putting up any collateral like you would with a traditional loan. No credit checks, no monthly payments, and most importantly, no repayment obligations if the lawsuit doesn’t go in your favor. No strings attached, no repayment needed.

Why lawsuit settlement loans are more than just quick cash.

You might think the most significant advantage of a lawsuit settlement loan is the immediate cash in hand. While that’s undoubtedly a lifesaver, the perks extend far beyond that initial financial boost.

No More Settling for Less Just to Keep the Lights On

One of the most compelling benefits is the financial freedom it grants you. According to Miller & Zois , insurance companies often use software like Colossus lowball settlement offers. With a lawsuit settlement loan, you're not pressed to accept a lowball offer from the opposing party.

Cover Your Essentials Without Stress

Life's necessities—medical bills, rent, groceries, and even your child's school fees—don't wait. A lawsuit settlement loan gives you the cash to cover these urgent costs.

No Payback Worries If Things Don't Go Your Way

Here's the kicker: These are non-recourse loans. In simple terms, if the outcome of your case isn't in your favor, you owe nothing back. That's right, zero repayment obligations. It's a win-win for you.

Quick Approval, Faster Relief

Time is of the essence when you're strapped for cash. The good news? The approval process for lawsuit settlement loans is fast, typically within 24-48 hours. So, if you're in a pinch, relief is around the corner.

The nuts and bolts: how settlement loans work. 

Why choose Baker Street Legal Funding?

Baker Street Funding is not just another name in the crowd of lawsuit funding companies; we’re your ally, your advocate. Our commitment to transparency is unwavering, and our rates? Simple, capped, and no hidden fees. We’re in this to help you regain your financial footing, not to tip you over.

Baker Street Funding Other Lawsuit Lenders
Funding Amounts $1,500 - $2MM Up to $250,000
Cap 3-year cap No cap
Monthly Rate 2.95% - 3.4% (simple) 2.95% - 5% (compounding)
Underwriting Time 24-48 hours 5 - 7 days
Contracts Costs as advertised Show another number on contract

Your questions, answered.

Absolutely, Pre-settlement funding grants immediate financial relief,  it levels the legal playing field, gives you the time you need to negotiate a reasonable settlement, and ascertains that your quest for justice isn’t hampered by financial hardship.


If the loan enables you to wait for a fair settlement rather than accepting a lesser amount, then it’s not just a good move; it’s life-changing.

At Baker Street Funding, we specialize in providing lawsuit settlement loans for a wide range of civil claims. These include personal injury, auto accidents, medical malpractice, and wrongful death, among others.

However, Baker Street Funding does not offer funding for class action lawsuits. We believe in full transparency, so you’ll always know exactly what types of cases we can help with.

The loan amount is meticulously calculated based on the estimated value of your pending settlement. Our expert team collaborates closely with your personal injury attorney to assess the strengths and weaknesses of your case.

Additionally, Baker Street Funding keeps you informed every step of the way, so you’re never in the dark.

Absolutely not. We pride ourselves on our transparency and integrity. There are no upfront fees or hidden costs when you work with Baker Street Funding. Our interest rates are simple, capped, and clearly communicated to you before you sign any agreement.

The repayment of your settlement loan kicks in only if you win your case. Simply put, we only get paid back when you get your settlement money and your attorney handles it. Remember, the repayment amount will include the principal loan amount plus any accrued interest, all of which will be clearly outlined in your funding agreement.

Yes, additional funding is an option. Life is unpredictable, and legal cases can drag on for a long time. If you find yourself in need of more funding, we’re more than happy to help. However, additional legal funding would require a reassessment of your case and might affect the overall repayment terms.

InterestNon-compounding starting at 2.95% p/month
Loan protection2-3 year cap
Funding time24 hours
Average loan amounts$10,800
Funding amounts$1,500 up to $10mm
Type of loanNon-recourse
Workers’ comp eligibilityDepends on the state
Personal injury claim eligibilityYes
Civil rights case eligibilityYes

Ready to get started? It’s easy.

Life doesn’t come with a pause button, especially when you’re wrapped up in a lawsuit. Whether feeling the pinch of medical bills, the cost of ongoing rehabilitation, or simply the difficulty of meeting household expenses while unable to work, a lawsuit settlement loan from Baker Street Funding could be your ticket to financial relief. We are here to pull you out of the depths of financial distress and keep you afloat until your settlement arrives. Apply for a lawsuit loan today and let us help you take that step toward financial stability.

Select a legal funding service to get started. 

Attorney Requests

Lawsuit Loans

Litigation Funding

Personal Injury Loans

Settled Case Loans

Surgery Funding

Or just call us at 888.711.3599 to apply.