LAWSUIT FUNDING

Get lawsuit funding fast — but first, learn how it works.

Lawsuit funding from Baker Street Legal Funding lets you borrow money from your pending settlement today for a portion of your future compensation. Pre-settlement funding is a great way to get cash to pay your bills and living expenses, and they are relatively easy to qualify for. Apply for legal funding cash advance today.

Lawsuit funding

What is lawsuit funding?

Lawsuit funding (also names pre-settlement funding or a lawsuit settlement loan) is a non-recourse cash advance against the proceeds of your potential compensation. This advance comes in the form of a check or a wire and is provided to qualified personal injury victims. Essentially, lawsuit funding is a ‘no-win no-pay’ investment into your litigation; thus, it has no risk.

Non-recourse means no risk.

Lawsuit funding is non-recourse since the money is not backed by an asset. To have a loan backed by assets means that a financial institution has the right to take legal action against you and seize on your asset if you default on the payment. On the other hand, non-recourse funding is not backed by assets and tends to have higher interest rates (depending on the settlement funding company) than traditional loans. The good news is that legal funding companies view your expected settlement proceeds as collateral. While this varies by agreement, all legal funding is risk-free. This means that if your case does not settle or you lose, you are under no obligation to pay the money back. You walk with the money.

Lawsuit funding is non-recourse since the money is not backed by an asset. To have a loan backed by assets means that a financial institution has the right to take legal action against you and seize on your asset if you default on the payment. On the other hand, non-recourse funding is not backed by assets and tends to have higher interest rates (depending on the settlement funding company) than traditional loans. The good news is that legal funding companies view your expected settlement proceeds as collateral. While this varies by agreement, all legal funding is risk-free. This means that if your case does not settle or you lose, you are under no obligation to pay the money back. You walk with the money.

100%

risk-free.

only pay

if you win your case.

How does it work?

The approval is based on the strength of your case and your attorney’s consent. 

Disclaimer: Funding companies use certain requirements before approving a loan. The case must be solid and have a high probability of winning it. The lawsuit loan interest rate can go from 1.5% a month to 3.4% a month non-compounding. For settled lawsuits, a minimum settlement of $50,000 is required for funding. Your attorney must agree to help you get funding. Without your attorney’s consent, you cannot get pre-settlement funding.

Are settlement loans worth it?

ADVANTAGES

  • Accident lawsuits can be expensive, stressful, and time-consuming. Injuries from a car accident or any other personal injury can leave you financially crippled. Lawsuit advances help plaintiffs cover living expenses. They are an excellent option to get quick access to lawsuit cash.
  • Good credit or job history are not requirements for the advance. A settlement advance is based solely on the strength of your case.
  • Funds are released in as little as 2 hours from approval.
  • You can get advances from $1,500 up to $750,000 depending on the strength of your claim.

DISADVANTAGES

While, in theory, legal funding sounds like an amazing financial product, there are things to be aware of:

  • Most lawsuit advance funding comes with high interest rates. Most lawsuit loan companies charge higher interest to make up for the risk of investing in your case. Please make sure the rate they show you on the contract is the rate they promise.
  • Most lawsuits take a very long time to settle, and rates can pile up quickly over a year or two. You should make sure that you are aware of the interest rate, if it compounds, and if they offer a rate cap. A rate cap means that your loan will end in a certain amount of time and you should not pay any more interest after that time even if your case settles in 5 years. Without an interest rate cap, your interest can maximize the repayment amount over time. 
  • Baker Street Funding offers simple interest rates ending in the third year. Contact us toll-free today.

See our legal funding products.

Apply for a pre-settlement cash advance in minutes.

Need to pay medical bills or have other expenses? 

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.