The following examples depict the monthly and total interest rates during the life of a $5,000 lawsuit advance. Your actual interest rate may be different than the rates in these examples and will be based on the term of your settlement, the risks of your case, and other factors. If you don’t win your lawsuit in the three-year mark, your interest rate will stop. See our pre-settlement funding eligibility criteria to learn more about how you can get a loan on your lawsuit.
| Settlement Date | Plaintiff Rates | Total Payment |
|---|---|---|
| 3 months | 2.95% - 3.4% | $442.50 - $510 |
| 6 months | 2.95% - 3.4% | $885 - $1,020 |
| 1 year | 2.95% - 3.4% | $1,770 - $2,040 |
| 1 year 6 months | 2.95% - 3.4% | $2,655 - $3,060 |
| 2 years | 2.95% - 3.4% | $3,540 - $4,080 |
| 2 years 6 months | 2.95% - 3.4% | $4,425 - $5,100 |
The interest rate of a lawsuit loan is the percentage of the loan principal that a lawsuit lender like Baker Street Funding charges for borrowing plaintiffs to access the loan funds upon approval. On average, our settlement loan interest rates range from 28% to 41% per year, but this varies depending on the case.
The size of the requested amount can impact the funding rate because the larger the lawsuit loan amount, the more risk to the company. For that reason, lawsuit loans that are over $25,000 often come with a slightly higher interest. But if the suit has already settled, then the rate will be lower no matter the size of the loan.
The length of the lawsuit influences the interest rate of the loan—and the loan term ends in the 3rd year. Generally speaking, the longer a case takes to settle, the higher the cost will be.
Both, the complexity and strength of a lawsuit often predicts the interest rates because they will either pose more or less risk to the investment. For example, if a plaintiff borrower has a personal injury case with prior injuries or has liability concerns, they may default on the loan because the lawsuit may end up as a loss. Lawsuit loan companies lose investments in cases every day. This is why a lower rate is often offered to consumers with strong lawsuits.
We recently performed a study of the number of pre-settlement advances we buy from new clients looking for a better legal financing company. This study shows that the average interest rate on a lawsuit loan was more than 58% a year. This means that most lawsuit lenders that claim to provide ‘low costs’ are charging plaintiffs a lot more than they should. That said, their interest ranged from as low as 3.5% monthly (compounding) for the most qualified applicants and up to 5% compounding a month for those with more complex claims—without caps. In comparison, the average amount of a pre-settlement funding buyout was more than 58% a year as of August 15, 2021.
You can get a loan on your lawsuit by giving us a call at (888) 711-3599 or by applying online now.
At least 50% of approved applicants qualified for a lawsuit loan with a low interest rate. And 100% of our borrowers got a rate cap.
A representative example of an average lawsuit advance is $15,000 for borrowers with personal injury cases and surgeries from the accident with a 2.95% Monthly Percentage Interest (Non-Compounding).
Baker Street funding is famous for buying out previous loans from companies who over charge plaintiffs. This is why attorneys love us, because we deliver what we advertise, the lowest lawsuit loan rates—guaranteed.
Baker Street Funding is mainly known for providing the lowest cost pre-settlement loans nationwide. Find out if you qualify for a same day pre-settlement loan with the best rates available. Our lawsuit finance team is here when you need us.
Check out our lawsuit loan calculator and learn the approximate cost of your loan for your case.
New York: 77 Water Street, 7th fl., New York, NY, 10006
Florida: 780 5th Avenue, #200, Naples, FL 34102
*** Baker Street Funding, LLC has NO affiliation with other firms or individuals who have business addresses in the same premises or building of our business addresses.
LEGAL NOTICE
Baker Street Funding, LLC is not affiliated with any other company unless expressly stated. If someone notifies you that they are affiliated with Baker Street Funding, LLC they are committing a federal crime under the false advertising section of the Lanham Act (commonly known as Section 43(a)). Under federal law, false suggestions of endorsement or sponsorship or misuse of the Baker Street Funding trademark are actionable under the Lanham Act, 15 U.S.C. §1125(a). If you have any questions regarding our partner firms, please email or call us immediately. You can also report companies falsely affiliating with us to government agencies such as the FBI as well as the Consumer Financial Protection Borough.
Baker Street Funding is a Premier Legal Funding Firm designed to strategically connect select financing opportunities with our extensive network of sophisticated partners and staff. Terms and Conditions Apply. WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AT ANY TIME WITHOUT NOTICE. To qualify for legal financing, a consumer must be (1) an attorney, or (2) you must be a corporate plaintiff looking for a minimum of $750,000 in litigation funding or a minimum of $50,000 in post-settlement funding, or (3) you must be a personal injury, civil rights or employment/labor law plaintiff with a retained lawyer on contingency; you must be at least 18 years of age, you must have a strong liability claim against a properly insured defendant, you must reside in an eligible state, and meet our underwriting requirements. Contact us to discuss your options. Not all borrowers receive the lowest rate. To qualify for the lowest rate, your attorney must contact Baker Street Funding and meet other conditions. If approved, your actual rate will be listed in your contract. Historical returns do not guarantee future results.
This website is designed and owned by Baker Street Funding, LLC; any unauthorized use or copies of this material will be punishable by law.
Financing to plaintiffs involved in personal injury, employment/labor, and civil rights cases are provided in the following states:
Arizona, Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Minnesota, Montana, Nebraska, New Hampshire, Nevada, New York, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.
Lawsuit finance for business claims is provided in every state (and eligible countries). Attorney funding is provided in most states. Please contact us to find out if your state is eligible for law firm financing.
**Worker’s compensation loans are funded only in the following states: Alaska, Florida, Iowa, Louisiana, Montana, Rhode Island, Washington, and Wyoming.
***This website and advertising are provided by Baker Street Funding, LLC to the extent that there is advertising related to Baker Street Funding, LLC. Transactions facilitated by us are not to be considered loans. These transactions are non-recourse financing agreements, which means that we are making an equity investment into your litigation. If you lose your case, you are under no legal obligation to repay your legal advance. Any word related to a loan(s), lending, lender(s), borrow(er), and cash advance(s) may be used to refer to legal finance. The words and any of their forms: loan(s), lender(s), lending, borrow, and cash advance(s) are strictly used for marketing purposes and easier comprehension for prospective clients. Our client relationships are paramount to us, and we take the client’s education process very seriously.
All information provided on this site is for educational purposes only and should not be taken as investment, legal, tax, or financial advice. We do not provide investment, legal, tax, or financial advice and prior to making any financial decision, please consult a financial advisor, an attorney, or tax professional.
All funding is subject to approval. Additional restrictions may apply. Call for details at 888-711-3599.
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