Benefits of Settlement Loans

Stuck in a lawsuit? Get financial help now with settlement loans.

A lawsuit can have a devastating financial impact, but a settlement loan makes it easier to handle your expenses. If you’re losing sleep over how to pay your bills, Baker Street Funding can provide you with the much-needed financial assistance while your case is in progress.
Settlement loans

What are settlement loans? A closer look.

When you hear the term “settlement loans,” you might think it’s just another form of borrowing. But that’s where you’d be mistaken. Settlement loans, also known as pre-settlement funding, are actually cash advances against a pending lawsuit settlement. In simpler terms, they act as a financial cushion to soften the hard impacts of life’s unexpected expenses during a personal injury lawsuit or any other type of civil litigation. Unlike a traditional loan, these are designed to help you manage immediate financial needs—be it medical bills, housing, or everyday living costs—while your case is being resolved.

The Mechanics: How Do Settlement Loans Work?

Settlement loans are structured differently than traditional loans. Instead of a long-term commitment, they work as a cash infusion provided by a lawsuit funding company during your pending case. Now, here’s the twist: you repay the loan amount, along with any fees and interest, once you obtain your settlement money. But what if you lose your claim? If you lose, you’re not obligated to repay the loan. These are what we call non-recourse loans.

The Scope: How Much Can You Borrow?

When it comes to borrowing money from your lawsuit, one size doesn’t fit all. The amount you can borrow is tailored to the specifics of your legal claim. For instance, you could be eligible for up to 20% of what your case is worth—anything from $1,500 to $2,000,000 or even more. What really matters here is the strength and merit of your case.

The Fine Print: Rates and Terms You Can Trust

Transparency isn’t just a corporate slogan; it’s our pledge to you. While settlement loans offer numerous benefits, understanding rates and terms can directly impact how much of your settlement you’ll keep. At Baker Street Funding, our rates are as low as 2.95% per month, non-compounding, with a 3-year cap. This means your interest won’t snowball over time, offering you a predictable repayment number. No hidden costs, no curveballs—just straightforward, honest lending to help you through your litigation.

How a settlement loan can help you. 

A pre-settlement loan can put you in the driver’s seat of your financial situation. It offers the following benefits: 

Need Immediate Financial Relief? Finally, You Can Breathe Easy.

Let's cut to the chase. When you're in a lawsuit, you've got enough on your plate. A settlement cash advance loan provides you with the immediate financial relief you need to take care of those pressing bills, and even mounting medical expenses. No more sleepless nights worrying about how to make ends meet.

No Risk, All Reward — Your Guaranteed Cash Support System.

The perks of lawsuit pre-settlement loans? They come with zero risk to you. If you lose your legal case, you won't be held accountable for payments, meaning you owe absolutely nothing. So, you can proceed with your case, knowing you're financially protected, no matter what.

Unlock Better Settlements, Empower Your Negotiations Now.

Imagine walking into a negotiation room with the confidence that your bills are paid and your finances are secure. That's exactly what a pre-settlement loan offers you—the financial backing to hold out for a fair offer. You're not cornered into accepting a lowball offer; you have the leverage to wait for what you truly deserve.

Credit Score? What Credit Score? Your Case is Your Credit

Worried that your credit score might be a stumbling block? Put those fears to rest. Your credit doesn't even enter the picture when you apply for a legal settlement loan. The amount you can borrow is solely based on the value and success likelihood of your case. Your past financial history won't haunt you here.

Easily apply for a settlement loan in 4 steps.

process 1

Kickstart Your Application

Begin your path toward securing funding by either filling out our simple online application form or contacting our dedicated funding team. Within minutes, you'll initiate the process as we collect essential information about your case to determine your eligibility.

process 2

Proceed to Case Evaluation

Next, our team of skilled attorneys will quickly communicate with your legal counsel. They'll meticulously evaluate various aspects of your case, such as its strength, potential value, laws in your state, and the chances of a favorable settlement. Rest assured, your case is in expert hands.

process 3

Fast Approval Process Awaits

Once the evaluation is complete, you can expect a fast funding decision, often on the same day. Should you have any questions during this phase, your dedicated lawsuit funding representative is readily available to assist. Upon approval, both you and your attorney will receive a loan contract for review and signature.

process 4

Receive Your Cash, Your Way

Finally, after the contract is signed and approved, the funds are disbursed without delay. You have the flexibility to choose the disbursement method that suits you best—either direct deposit into your bank account or a Next Day FedEx check.

Pre-settlement funding companies

Ready to apply for cash?

Don’t let the financial strain of your lawsuit dictate your life. A pre-settlement loan from Baker Street Funding is more than a quick fix; it is your pathway to regain control and invest in a future free from regrets. We’re not just another lawsuit loan option; we’re your financial advocate.

settlement funding

Transparency first—understanding rates and fees.

When you hear the term “settlement loans,” you might think it’s just another form of borrowing. But that’s where you’d be mistaken. Settlement loans, also known as pre-settlement funding, are actually cash advances against a pending lawsuit settlement. In simpler terms, they act as a financial cushion to soften the hard impacts of life’s unexpected expenses during a personal injury lawsuit or any other type of civil litigation. Unlike a traditional loan, these are designed to help you manage immediate financial needs—be it medical bills, housing, or everyday living costs—while your case is being resolved.

The Mechanics: How Do Settlement Loans Work?

Settlement loans are structured differently than traditional loans. Instead of a long-term commitment, they work as a cash infusion provided by a lawsuit funding company during your pending case. Now, here’s the twist: you repay the loan amount, along with any fees and interest, once you obtain your settlement money. But what if you lose your claim? If you lose, you’re not obligated to repay the loan. These are what we call non-recourse loans.

The Scope: How Much Can You Borrow?

When it comes to borrowing money from your lawsuit, one size doesn’t fit all. The amount you can borrow is tailored to the specifics of your legal claim. For instance, you could be eligible for up to 20% of what your case is worth—anything from $1,500 to $2,000,000 or even more. What really matters here is the strength and merit of your case.

The Fine Print: Rates and Terms You Can Trust

Transparency isn’t just a corporate slogan; it’s our pledge to you. While settlement loans offer numerous benefits, understanding rates and terms can directly impact how much of your settlement you’ll keep. At Baker Street Funding, our rates are as low as 2.95% per month, non-compounding, with a 3-year cap. This means your interest won’t snowball over time, offering you a predictable repayment number. No hidden costs, no curveballs—just straightforward, honest lending to help you through your litigation.

What happens if you lose or win your case? The payback plan.

Being in the middle of a lawsuit is hard enough to bear; understanding your loan repayment shouldn’t add to that stress. At Baker Street Funding, we’ve simplified the process. Here’s what you need to know:

Win Your Legal Case? Here’s the Plan

When you win your case, your attorney will receive the settlement amount. From this, they will pay off your settlement loan directly. Why? Because your attorney acknowledges a lien on your case, making them responsible for repaying the cash advance from the settlement proceeds. This also provides a seamless process that allows you to enjoy your victory rather than worrying about logistics.

Lose The Case? No Worries

The most attractive aspect of our settlement loans is their non-recourse nature. As mentioned, if you don’t recover any money from the lawsuit, you won’t owe anything. That’s right, zero, zilch, nada. Your attorney’s lien only comes into play if you win, so there’s absolutely no financial risk on your part if things don’t go as planned.

Why the Attorney Handles Repayment

You might wonder why it’s your attorney who handles the loan repayment. This arrangement is designed to simplify your life and guarantee repayment if the case is successful. Your attorney is already in the loop about your case and its financial aspects. By placing the responsibility on your lawyer, we eliminate an extra step for you, making the entire process more streamlined and less stressful.

Pre-settlement lawsuit funding

FAQ.

Yes, settlement loans offer a practical solution for those facing the financial burdens of an active lawsuit. Pre-settlement funding serves as a financial cushion, enabling you to recover financially while your case is pending.

Start by submitting an application. Your case will be evaluated based on its merits. Once approved, you can choose how you’d like to receive the funds—be it direct deposit or check.

A ‘settlement’ is the final amount agreed upon to resolve your lawsuit. Settlement loans, on the other hand, provide you with an advance on this future sum to help you address your current financial problems. It’s a way to bridge the gap and manage your finances more effectively.

It’s situational. Lawsuit loans can be an effective way to bridge the gap between civil litigation and the eventual settlement by providing financial help when there is nowhere else to reach for assistance. They provide you with the necessary funds without having to take out bank loans that you can’t afford or sell off assets. If you’re in urgent need of funds, a settlement advance can be beneficial.

Yes, you can indeed get funding through a loan based on a settlement, a financial solution commonly referred to as pre-settlement funding or a lawsuit loan. But make sure to read the terms carefully.

Each legal funding company has its own unique set of terms, which can include varying interest rates and potential fees. Therefore, it’s not merely about obtaining quick cash; it’s also about comprehensively understanding the financial commitment you’re making. By doing so, you’re also making a sound financial decision for the long term when your case settles.

  1. Paying bills
  2. Medical expenses
  3. Living costs
  4. Child care
  5. Rent or mortgage
  6. Utilities
  7. Car payments
  8. Lost wages
  9. Emergency costs
  10. Any other needs.

Typically, once approved, you can receive funds as quickly as the same day. However, this can vary depending on the complexity of your case and the method of fund disbursement you choose.

  • An ongoing personal injury lawsuit or civil rights claim;
  • Attorney representation;
  • A strong case with a high settlement success of over $50,000.

When compared to traditional bank loans, settlement loans are non-recourse, meaning you’re not required to repay them if you lose your case. This is a key differentiator and something you should consider when evaluating your options.

Interest rates for settlement loans are higher than traditional bank loans. However, at Baker Street Funding, our rates are capped, offering you a predictable repayment number and preventing you from falling into a cycle of endless debt or losing your final compensation to the lender.

 

RateNon-compounding starting at 2.95% p/month
Terms2-3 year cap
Funding time24-48 hours
Amounts$1,500 up to $2,000,000

Ready to take control?

Apply for a settlement loan or contact us today by calling 888-711-3599 to discuss your options and get the ball rolling. Trust, Transparency, and Peace of Mind aren't just words to us; they're principles we live by every day. Let's work together to turn this period into a stress-free experience from start to finish.

Select a legal funding service to get started. 

Attorney Requests

Lawsuit Loans

Litigation Funding

Personal Injury Loans

Settled Case Loans

Surgery Funding

Or just call us at 888.711.3599 to apply.