Pre-Settlement Funding: A Lawsuit Settlement Advance Company

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What is pre-settlement funding?

Is pre-settlement funding a loan?

How does pre-settlement funding work?

Advantages

FAQ

Resources

What is pre-settlement funding?

Pre-settlement funding is a cash advance from your pending settlement that is free of risk.
More than 60,000 plaintiffs yearly obtain cash advances on their future compensation. The average financing amount is between $2,500 and $15,000. With many unemployed Americans, the demand for plaintiff legal funding has risen.

Is pre-settlement funding a loan?

Despite the word “loan,” pre-settlement funding is not a lawsuit loan because legal funding companies do not work like traditional loaners. In fact, a funding firm will buy a portion of your expected settlement payout or personal injury award, and the advancement will not be based on recourse (like a car or a house). The financing of pre-settlements is non-recourse because the funds are paid back only if you win your case, and we can’t come after you if you don’t.

Non-recourse third-party plaintiff financing ultimately means that your loans will have no risk.

How does pre-settlement funding work?

Baker Street Funding will buy a portion of your expected settlement payout or personal injury award based on your litigation strength in exchange for the advance. The money we are potentially advancing requires documentation of your claim and possible medical records that your attorney will provide.

Up to

HOURS

Case evaluation process.

48 hours max.

Applying is easy.

The application process is pretty simple:

Apply

The first step is to apply online or over the phone. And our team will review your application.

Evaluation

We will then evaluate your claim with your attorney. Next, we will give your case a value based on how much money you will receive from the settlement or jury award.

Approval

When the application is approved, a settlement finance expert will provide you with our options. Upon accepting our terms, we will formulate a contract stating the portion of the proceeds you are selling.

Cash

Sign the funding agreement and we will release the funds in less than 2 hours.

See the advantages.

An advance of your settlement could enable you to pay your bills, move forward with your claims, and accept a better offer from the insurance company.

Pay your bills

Pre-settlement financing sometimes is an underrated choice. However, it is one way to pay for unexpected obligations. The advanced funds can be used to pay your rent, including medical bills, transportation to work, funeral costs, rent or mortgage, business costs, and even tuition.

Get a better settlement

Pre-settlement finance is a good idea because it helps plaintiffs level the playing field against large insurance companies while the legal process is active. It could help you avoid accepting less money than you deserve out of desperation.

No credit or job check

There is no credit card check or employment verification.

Only the best pre-settlement funding companies can help.

Baker Street Funding offers quick approval times, low-interest rates, and no risk; only pay if you win your personal injury case.
Our clients have overwhelmingly chosen Baker Street Funding because of the high level of services we offer. Baker Street Funding is well-capitalized; this is why we pride ourselves on providing our clients with lawsuit litigation funding tailored to their needs and ensuring that it is the best financial solution for them. We help personal injury victims get access to justice.
Qualify and get a cash advance against your anticipated settlement fast. Call us today for a no-obligation consultation and Get Your Pre-Settlement Funds Today.

	Baker Street Funding	Other companies
Rate range	Flat rates starting at 28% p/year	Compounding rates at 100-200%+ p/year
Terms	3 year cap	No cap
Funding time	Underwriting time 24-48 hours	Underwriting time 5-7 days
Ethics	Returns call fast	Returns call days later
Contracts	Costs are as advertised	Show another number on contract

Baker Street Funding	Other companies
Flat rates starting at 28% p/year	Compounding rates at 100-200%+ p/year
3 year cap	No cap
Underwriting time 24-48 hours	Underwriting time 5-7 days
Returns calls fast	Returns calls days later
Costs are as advertised	Show another number on contract

FAQ's.

How long is the process?

The process length varies from 24-48 hours from the moment your lawyer sends your case file.

Your attorney's role.

Your attorney needs to be aware of your concerns, so they guide you correctly on what lawsuit funding company to pick. Baker Street Funding has excellent attorney relationships all over the United States and understands that attorneys are busy working on getting the best possible outcome for you. If your attorney needs to find out who we are, we can contact the law firm after your application. With our initial conversation, we can get the process moving forward fast and efficiently.

Financial options to consider.

Never apply for a pre-settlement loan unless you have no other choice. Ask your attorney what to do next so they are also aware of your situation.

How much should I borrow?

Legal claims are not easy to handle. Realize how much money you need to borrow first, and only apply for what you really need.
You may have a highly valuable case, but that doesn't mean you should take the whole approval amount. Only take out what you need to keep you afloat.

Pre-settlement funding requirements

Your eligibility depends on the value of your case. Funding amounts range from $1,500 up to $750,000.

To qualify for pre-settlement cash loans, the following is required:

You have retained an attorney on contingency;
The applicant must be at least 18 years of age;
All applications must have pending lawsuits;
The defendant has to be insured.

If you have a settled claim but need funds now, you may be automatically qualified for post-settlement plaintiff funding.

How many pre-settlement loans can I get?

You can get as much funding as your case allows. All plaintiffs are welcome to apply for additional funds.

How much does pre-settlement funding cost?

We provide the lowest cost pre-settlement funding no matter how complicated your case is, starting at 2% non-compounding to 3.4%.
Nevertheless, your legal case's strength will predict the interest rate on your advance because it either poses more or less risk to us.
For example, if you have a personal injury case with prior injuries, you may default on the loan because the lawsuit may end up as a loss. Lenders lose investments in suits every day, and this is why and lower rates are only offered to those with strong claims.
Baker Street Funding contracts and rates are transparent and easy to read; you won't have to worry about those hidden fees.

How does repayment work?

A settlement loan company receives the payment only if you are granted compensation.

The repayment of funds will be made by your attorney when he collects the proceeds. Then he will:

Pay medical liens;
Set apart his fees;
Payback the litigation cash advance company the borrowed funds, plus extra charges written on page 2 of the agreement.

If you don't receive a payment from the defendant, you will no longer be tied to paying back the advanced funds.

States we fund

Baker Street Funding only provides non-recourse legal funds in the following states:

Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Minnesota, Montana, Nebraska, New Hampshire, New York, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.

In the following states, we require a minimum amount of funding:

We currently fund Colorado at a minimum of $75,000. Case value must be at least $750,000+.
We currently fund North Carolina at a minimum of $25,000. Case value must be at least $250,000+.