Pre-Settlement Funding

What is pre-settlement funding?

Pre-settlement funding, also known as lawsuit funding or legal funding, is a financial solution designed for plaintiffs in the midst of a legal case. It provides a non-recourse loan, meaning repayment is contingent on winning the case. This type of funding offers immediate financial relief, helping you manage essential expenses such as medical bills, rent, or daily living costs while your case is underway.

Unlike traditional loans, pre-settlement funding is based solely on the strength of your case, not your credit history. Once your case is evaluated and approved, funds are quickly disbursed. This quick financial support can be a game-changer, especially during prolonged legal proceedings.

Importantly, the repayment of this advance, along with any other fees, comes directly from the settlement amount, only if the case is successful. This form of funding can help you withstand the lengthy process of legal disputes without succumbing to financial pressures from the other side. It can also contribute to a fair settlement, as you’re not forced into a quick resolution due to monetary constraints.

Your partner for the best pre-settlement funding: ethical, transparent, and tailored to you.

At Baker Street Legal Funding, we’ve been a trusted provider since 2018. Our approach to lawsuit settlement funding is grounded in the principles of fairness and transparency tailored to the client’s needs.

We understand that while the legal system provides flexibility, it also demands a high level of accountability. So we’ve made it our priority to ensure that our legal case funding contracts are not only legally compliant but also ethically sound. Our operations steer clear of any interference in the litigation process as we adhere to ethical guidelines. This approach helps us foster trust and maintain the integrity of the pre-settlement funding industry.

Upfront settlement cash when you need it.

The wait for a settlement can be tough with bills adding up. Secure $1,500 to $2,500,000 upfront—up to 10% of your estimated settlement—to keep on top of medical bills, housing costs, and daily expenses.

Flexible cash options for your lawsuit.

With Baker Street Funding, you get flexible cash before your settlement. Choose a one-time payment or monthly cash. Need more later? Just ask.

Fast-track your financial relief with same-day funding.

Urgent needs require urgent solutions. With our same-day pre-settlement funding, you get the financial help you need during your civil lawsuit, without the wait.

Low interest rates for your peace of mind.

Discover some of the nation’s lowest pre-settlement funding costs with us. Starting at just 2.95% non-compounding monthly, you gain financial leverage without the burden of escalating costs.

Capped rates for settlement protection.

When you enter into a non-recourse legal funding agreement, you deserve protection. That’s why we put a limit, or a 2 – 3 year ‘cap’, on how much interest we’ll charge. This means even if your case takes longer to settle, you won’t be stuck with an ever-growing repayment amount. No hidden fees or markups, no surprises.

Stronger position in settlement talks.

Equip yourself with the financial backing from Baker Street Funding to stand firm against low settlement offers. Pursue the compensation you rightfully deserve, free from the pressure of immediate financial needs and embrace a future where your financial well-being supports the pursuit of justice you’re striving for.

Pre-settlement funding is free of financial risks.

All pre-settlement funding from Baker Street Funding is free of risk, which guarantees the protection of your credit and assets and absolves you from any payment obligations if you don't win the case.

Goodbye Income or Credit Checks

We know that your credit score or financial status shouldn't determine your eligibility for pre-settlement funding. Unlike other advance providers, we don't factor in these metrics when assessing your application.

That's Right, Your Assets Stay Safe

Afraid of losing your home or car if things don’t go your way in court? With Baker Street Funding, your assets are always safe, no matter the outcome of your case.

No Monthly Payments, Zero Stress

Say goodbye to the stress of monthly payments and the fear of late fees. With us, you enjoy relief with no hidden traps—no prepayment penalties, no upfront costs, just peace of mind

No Win? No Problem – No Repayment Needed

Avoid the financial pitfall while waiting for your settlement. With our pre-settlement funding soutions, you’re covered, and if you don’t win, you don’t pay.

Know the simple steps to getting pre-settlement funding for your lawsuit.

Securing pre-settlement funding from Baker Street Funding is easy. Here's how our process works—designed for financial support you need without delay.

Easy Application

The process kicks off with a simple application—either fill out an online form or make a quick phone call. Your attorney plays a key role here. They'll need to provide your case documents for the process to move forward. No documents, no loan—it's as simple as that.

Rapid Case Review

Once your attorney sends over the paperwork, a team of experts takes over. They'll assess your case to estimate its strength and a potential settlement amount.

Streamlined Funding Agreement

If the evaluation goes in your favor, an offer is extended, and a funding agreement is drafted. But it's not a done deal until your attorney signs off on it. Both your signatures are the green light for fund disbursement.

Receive your Cash

The money is either wired directly to your bank account or sent as a check, whichever works best for you. And rememebr, your attorney will handle the repayment from the settlement amount you eventually receive.

Let the numbers speak for themselves with our lawsuit loan calculator.

Get a more precise estimate of how Baker Street Funding could save you money compared to other legal funding providers. You could get approved for a cash advance on your personal injury settlement with interest rates starting at 2.95% to 3.4% simple monthly.

Gain access to early settlement cash and experience financial relief with a top-rated funding company.

Baker Street Funding, a leading pre-settlement funding provider with years of experience in the industry, has helped thousands of plaintiffs get quick access to a portion of their anticipated settlement at the lowest cost.

Our funding solutions are tailored to strengthen your financial position and even allow you the patience to secure the compensation you truly deserve. Get settlement money advanced to you and experience financial stability in just a few clicks.

See our other financial services.

Lawsuit loans

Car accident loans

Personal injury loans

Post-settlement funding for attorneys and plaintiffs

FAQ.

How does pre-settlement funding work?

Pre-settlement funding provides you with an advance on the future lawsuit proceeds of your case. Basically, the funding company evaluates the overall strength and complexity of your case with your attorney and the potential settlement or verdict before offering to fund your case. If approved, you will receive a non-recourse funding agreement to complete. You will receive your funds immediately after the completion of the funding agreement.

If you reach a successful conclusion of your case, the advance is repaid plus interest rates to the company. However, if you lose, you owe nothing.

How long does the legal funding process take?

The legal funding process from Baker Street Funding usually takes 24-48 hours from the time your lawyer sends your case file.

If your lawyer needs to find out who we are, we can contact them after you fill out your application. With our initial conversation, we can speed up the funding process.

How much money should I consider borrowing from my future settlement?

Only borrow what you need to cover your primary financial needs. While you may get approved for a significant amount, taking out only what you need will help you avoid paying unnecessarily interest rates that will accrue for the duration of your case. You can always re-apply for additional funds.

How much money can I get?

The funding amount you can take out depends on the value of your case, and they can go up to 10% of that value. Approval amounts range from $1,500 up to $2,000,000 or more.

If your case is worth $250,000, you can potentially get approved for 10% of that amount, that is a maximum of $25,000.

If your case is worth $50,000, you can potentially get approved for a $5,000 lawsuit loan max.

How can I qualify for pre-settlement funding?

To qualify, you must be a plaintiff seeking compensation for physical injuries caused by someone else’s fault. You must have retained an attorney on contingency and be at least 18 years old.

If you have a settled claim of over $50,000 but need funds now, you may automatically qualify for settled case funding.

Can I obtain legal funding without an attorney?

No, you cannot get pre-settlement funding without your attorney’s involvement in the loan process or without an attorney.

What are the interest rates and costs associated with pre-settlement funding?

The average pre-settlement funding company charges a fee or an interest rate of 60% of the advanced amount per year. Depending on the lender, these costs can include or exclude application fees, origination fees, and other costs.

As a general rule, the exact rate is set based on the case’s merit, complexity, and future settlement value. Interest rates are higher for riskier cases or those with prior injuries since it poses more or less risk to the lender, and lenders lose money in suits every day.

Alternatively, at Baker Street Funding, we provide non-compounding interest rates as low as 2.95% available for plaintiffs with probable merits of the case up to 3.4% per month. All our interest rates are capped in the third year of your advance, which ensures that you won’t be charged any additional interest after three years, even if there are unexpected delays in your case.

When should I consider getting a pre-settlement loan?

The following circumstances can help you decide whether you should consider a pre-settlement loan:

You’re facing medical expenses you can’t afford, and you need help financially covering them.
You don’t want to accept a low settlement offer from the insurance company, and need some temporary stability to negotiate a reasonable settlement or take your case to trial.
You are unemployed and have emergencies that require immediate attention.
You have re-evaluated your current financial condition, and you’re struggling to make ends meet.

What is the approval rate for pre-settlement funding?

Plaintiffs with strong cases and their attorney’s approval are almost guaranteed to be approved for pre-settlement funding. In fact, cases worth over $50,000, with no previous funding and no outstanding liens, have a near 100% approval rate.

Is pre-settlement funding a loan?

Pre-settlement funding is not a loan. While it may be referred to as a lawsuit loan or settlement cash advance, it is different from a traditional loan in several ways.

Unlike a traditional loan, pre-settlement funding companies do not require credit checks, income verification, or collateral. Additionally, there are no monthly payments or repayment terms until the case is settled and compensation is received. Likewise, the legal funding provider is prohibited from seizing your assets and cannot damage your credit if the case is lost.

What are the main advantages and disadvantages of pre-settlement funding?

The main advantage of pre-settlement funding is that it provides financial security to plaintiffs who may be struggling financially as a result of their injuries.

The main disadvantage is the high-interest rates associated with the advance, which can be more expensive than traditional loans or credit lines.

Can I apply for more than one pre-settlement loan?

Yes, you can apply for additional loans until you receive your settlement payment. Most funding providers approve additional advances if the case has progressed and the settlement value merits new funds.

How does the repayment work?

Your litigation advance company will receive repayment only if you are granted a settlement or jury verdict and collect on the proceeds. Your attorney will pay back the money (plus interest) immediately after receiving your settlement money soon after the successful completion of your lawsuit.

Is pre-settlement funding a good idea?

Pre-settlement funding can be a good idea when you need help managing severe financial hardships during a long and uncertain lawsuit. It can also be a great idea when you need help leveling the playing field against large insurance companies and deep-pocketed defendants offering as little as possible in settlement amounts. It can help you avoid accepting less money than you deserve out of desperation.

What types of cases are eligible for funding?

Pre-settlement funding is typically available for personal injury, medical malpractice, product liability, wrongful death, and employment discrimination cases, among other claims.

Personal Injury