If you are suffering a financial setback due to product liability injuries, pre-settlement funding can help you recover your life back. By taking a product liability lawsuit loan from Baker Street Funding, we will provide you with a quick and non-invasive funding approach. Our rates are non-compounding, and they end in the third year in the event your case takes longer than three years to resolve.
Product Liability Pre-Settlement Funding.
Product liability pre-settlement funding: briefing.
If you or a loved one was injured due to a defect in the design or manufacture of a product or because the manufacturer failed to provide proper warning of the risks associated with that product, you may have filed a product liability lawsuit.
Getting from the initial filing of your liability claim to settlement of the claim can be a long, time-consumptive process. A manufacturer’s negligence can cause victims to suffer from life-long injuries, be unable to work, and be incapacitated to meet financial obligations.
To bridge the financial gap between your injury and your pending settlement, product liability pre-settlement funding can help.
How pre-settlement funding plays a role in your product liability case.
The average award in a successful product liability case is a little over $6 million dollars. While the result of these defective products can be devastating, as a plaintiff in a product liability case, you could potentially be compensated immensely. Because of the complexity of this type of litigation, many funding companies will not advance money unless your case has been settled.
At Baker Street Funding, we have a group of specialty underwriters that analyze and help fund product liability claims. We are in the process of opening dedicated pools of capital to help fund plaintiffs in certain large product liability lawsuits.
Product liability litigation funding: are they cash advances?
While you wait for your case to proceed through the courts, product liability litigation funding is non-recourse funding that provides you with a percentage of your product liability claim’s worth as a cash advance.
This money is given to your right away following your funding application’s approval, so you can access it quickly and help smooth the financial chaos that injury often yields. T
The cash advance is yours to do with as you please, and you only repay the advance when your case settles. If your legal case is decided unfavorably, you do not pay us back.
Product liability pre-settlement funding process.
The process and qualification for product liability cases are simple. You can apply online or by phone, and one of our settlement funding specialists will contact you to finish your case eligibility for the loan. It is important you contact your attorney to authorize that they co-operate with the funding firm. Once your lawyer sends us the case file, our attorneys will start with your litigation evaluation, which takes 24-48 hours (business days only). Once your case is approved, we will generate a contract for you and your attorney to sign. Upon receiving the executed contract, you will get your advance within 2-24 hours from receiving the completed agreement.
Get a pre-settlement cash advance against your product liability claim.
We offer plaintiffs and attorneys flexible, non-recourse legal product liability legal funding solutions. Negligent companies are slow to pay up when they cause harm to consumers, but the wait is lessened with product liability settlement funding.
Find out how Baker Street Funding can help you through the financial stress of dealing with a product liability claim with needed cash you can access immediately.