Legal funding is a risk-free source of finance and this preferred option is now openly available to more and more potential plaintiffs, which lesser hassles, strictness, and burdens than conventional loans.
Many people choose not to file lawsuits solely due to limited finances available to them. Litigations can be expensive, and supporting a family or a business while also receiving medical treatment or fighting expensive litigation can result in huge bills and loss. The global legal funding industry, or the lawsuit financing sector, is a group of companies offering programs to finance expenditures by plaintiffs engaged in personal injury cases, other civil nature lawsuits, or institutional litigations. Legal funding programs are cash advances against settlements or judgments that alleviate plaintiffs from financial distress. Legal financing enables people with genuine grievances to approach the court and seek redressal for the wrongs that occurred to them.
The legal funding industry has now caught pace with other financing regimes in the modern world. This means that the industry currently consists of over a hundred lawsuit financing companies, all providing legal funds at competitive rates and terms. The lawsuit finance industry is also being increasingly regulated through bye-laws and private bodies, making it safer for plaintiffs to obtain financing from lawsuit funding companies. Legal funding also comes with other benefits for plaintiffs. Those applying for pre-settlement funding can be at ease because there is no risk. If the the lawsuit doesn’t end up in an award, recovery, or settlement; they will owe nothing to the funding company. The entire amount financed is surrendered by the pre-settlement funding company, which reserves no right to claim it at any forum. Plaintiffs in need of a cash advance, are free to use our lawsuit financing programs to their benefit.
For a plaintiff who has received personal injury resulting in long-term or permanent impairment, getting into dangerous debt would be the last thing on their minds. As opposed to traditional loans, plaintiffs naturally tend to incline towards lawsuit funding for the very reason of safety it accompanies. If the plaintiff loses the lawsuit and does not recover anything, he doesn’t have to worry about repaying the pre-settlement funds he had borrowed. Legal financing companies take on the full investment risk to finance a lawsuit, which becomes risk-free to the plaintiff, enabling them to focus their resources to fight a significant legal battle until they reach a fair settlement.
As discussed, legal funding is different from conventional loans. Our legal financing programs do not entail strict terms and conditions. Hence there are no issues of interest rates variations with timely payment deadlines to observe or stringent monetary plans if the case doesn't win a settlement. Settlement funding companies like Baker Street Funding are aware that legal funding programs are relatively safer forms of lending. For this reason, we formulate flexible settlement borrowing plans for plaintiffs than those offered by banks, to put them at liberty and ease. Also, with the advent of more and more entities offering legal financing today, plaintiffs have a lot more options to choose from, based on their specific circumstances and tailored requirements.
Legal funding alleviates the burden of clients continuously contacting their attorneys to try and rush the filing of their claim. Normally this sense of urgency comes from the clients lack of ability to pay for basic bills and life expenses that cannot be covered due to their injury. At Baker Street Funding, we work with attorneys to help provide their clients with tailored made funding solutions to help cover their essential expenses during the course of their litigation. Our non-invasive, quick funding process allows attorneys to focus on winning the claim and not fielding unnecessary calls from their clients. This is why Baker Street Funding is the top choice for attorneys across the country to provide causing financing solutions for their clients.
Looking after domestic expenses as well as ongoing litigation can be financially frustrating. Defendant companies who are sued often exploit the financial pressures on plaintiffs and push them for cheap settlements. Many of the plaintiffs with no alternatives are compelled to surrender before those low-ball offers and end up receiving peanuts in the settlement compared to what they deserved. Many plaintiffs who secure legal funding exclude themselves from possible insurance exploitation and hence legal financing is a great advantage to them.
After suffering through a personal injury, any delays in receiving the necessary medical treatment can cause fatal complications. Not many people have ample savings or resources to finance major medical treatments. In such cases, pre-settlement funding can help plaintiffs to choose the right medical options available to them through medical lien funding. Once the plaintiff has received quality medical assistance and has recovered, the legal funds or costs incurred over it can later be paid when the lawsuit reaches a settlement.
Simply begin by providing basic information about you and your case; the name of the attorney that's representing you; and their contact info.
The evaluation of your case consists of us communicating with your attorney who will then provide only the documents our underwriter needs before approving you.
Once your pre-settlement funding application is approved, we’ll formulate a contract and then provide the requested cash advance against your potential settlement.
The pre-settlement cash we funded has helped thousands of plaintiffs get the money they need while their lawsuit was being negotiated. Plaintiffs have an advantage because of the no-risk involved. Talk to your attorney about us and explain the need to fund your case before your settlement, and we will help you get funded in 24 hours or less.
77 Water Street, New York, New York 10005, United States
Baker Street Funding is a Premier Legal Funding Firm designed to strategically connect select funding opportunities with our extensive network of sophisticated partners and staff. If your attorney has been retained on contingency and you have a strong liability claim against a properly insured defendant, you may qualify for a pre settlement advance; contact us to discuss your options. * The term lawsuit loans, lawsuit loan lenders, settlement advance loans, or lawsuit settlement loans may be used to refer to pre-settlement funding. Transactions facilitated by Baker Street Funding 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 advance. The word loan is strictly used for marketing optimization purposes and for easier comprehension for prospective clients. Our client relationships are paramount to us, and we take the client education process very seriously. We provide legal funding and lawsuit cash advances in the following states, Baker Street Pre Settlement Funding is provided in the following states: Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Virginia, West Virginia, Washington, Wisconsin, Wyoming. We are currently NOT funding worker's compensation. We offer attorney funding and law firm financing in every state of the United States.
Historical returns do not guarantee future results. Baker Street Funding does not provide legal, tax, or financial advice and prior to making any financial decision, please consult a financial advisor or tax professional.
Baker Street Funding:
New York Office: 77 Water Street, 7TH floor, New York, NY 10005
Florida office: 780 5th Ave. South, Suite # 200, Naples, Florida 34102
Lawsuit Funding, Settlement Funding, and Litigation Funding: Baker Street Funding, LLC.
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