Pre-Settlement Funding

Get pre-settlement funding with lower interest and no risk.

Looking to get a loan before your settlement? With pre-settlement funding, you can turn your pending case into cash and quickly take care of your financial situation when you need it.

Pre-settlement funding
Pre-settlement cash advancE

What is pre-settlement funding?

Pre-settlement funding is the practice of financing a portion of your expected settlement proceeds in exchange for the advance, ideally at a higher interest rate than traditional lending and with no risk.

People who qualify for pre-settlement funding are accident victims seeking maximum compensation for their injuries caused by somebody else’s carelessness. Pre-settlement funding also has no risk since the money you get is based on the strength of your case and not your credit score or job status. Your attorney will simply pay back the funding provider once your case has been resolved.

When you take out pre-settlement funding, you can use the funds to pay medical bills or day-to-day expenses and never worry about paying the money back until you win your case. 

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Pre-settlement funding is the practice of financing a portion of your expected settlement proceeds in exchange for the advance, ideally at a higher interest rate than traditional lending and with no risk.

People who qualify for pre-settlement funding are accident victims seeking maximum compensation for their injuries caused by somebody else’s carelessness. Pre-settlement funding also has no risk since the money you get is based on the strength of your case and not your credit score or job status. Your attorney will simply pay back the funding provider once your case has been resolved.

When you take out pre-settlement funding, you can use the funds to pay medical bills or day-to-day expenses and never worry about paying the money back until you win your case. 

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We can help you save money from your settlement—guaranteed.

With a lower fixed interest rate on funding amounts from $1,500-$2,000,000, Baker Street Funding could substantially lower how much you will pay when you win your case. It takes one minute to apply, and the settlement funds arrive as soon as the same day you get approved to make it as fast and easy as possible for you to start fixing your financial situation.

Lawsuit loans with low interest rates

Why settle for less?

No hidden fees, no catch.

Swap hidden fees or markups and get lower rates than other funding companies. There are no more fees different than what you see on the contract.

Contract match

Show us the other lender's agreement and get a contract match or we will give you a better funding agreement.

Save on interest

Pre-settlement funding rates range from 2.95% to 3.4% non-compounding monthly capped in the 3rd year of the loan.

pre-settlement funding companies

How pre-settlement funding works.

pre settlement step 1

Apply for funds online

Simply provide the basic data requested and your attorney’s contact information, and ensure that your attorney is aware so they can provide your case file when requested. A contingency attorney must represent you to be considered for funding.

pre settlement step 2

Evaluation your case

Then, an underwriter will contact your lawyer to provide key information about your case to evaluate the merits.

pre settlement step 3

You get an approval

Upon approval, a funding contract will be generated and sent out to you and your lawyer to sign. The funds will be disbursed to you within 2-24 hours upon the full execution of the contract.

pre settlement step 4

You get your funds

The funds typically deposited into your bank account, or a check could be sent to you via overnight FedEx.

How we compare.

Baker Street Funding Other funding providers
Funding amounts $1,500 - $2mm Up to $250,000
Cap 3 year cap No cap
Monthly rate 2.95% - 3.4% simple 2.95% - 5% compounding
Underwriting time 24-48 hours 5 - 7 days
Contracts Costs as advertised Show another number on contract

FAQs.

Funding amounts can range from $1,500 to $2,000,000+ depending on the value case, when the claim will approximately be settled and how stable your expected settlement is.

Take out enough to cover what you need, but never borrow more than you need.

Although pre-settlement funding can be used for just about anything except paying your attorney, only the best companies recommend consumers utilize the money on essential expenses. 

Before you agree to get funding, ensure that it is right for you and commit to treating it responsibly. You are obtaining money from your expected settlement, and the interest rates will increase overtime.

Use the money in your specific instances of ongoing litigation, such as emergency expenses, and after you have weighed all available financial options. 

Most people use the funds to cover any number of expenses, including buying a car to transport to work, paying past due bills, paying a veterinary’s medical bill, or paying your kid’s school. 

Once you have decided to get funding, you can easily apply online; Baker Street Funding can help you get your money fast and with lower interest rates.

The interest rates work based on a few factors, such as your case length and strength.

The interest rate refers to the percentage of the funding amount you’ll be charged each month, every three months, or every six months, and the lower the risk your case carries, the lower your interest rate can be.

Generally, the more the funding company thinks your case is risky, the higher the interest rate will be.

Pay attention to annual compounding percentage rates that quickly add up to your loan, which include the length of the loan’s interest rate, how much you will pay over time, as well as other fees (if applicable).

Choosing a company that provides non-compounding rates at no more than 3.4% per month is best. Avoid companies with interest rates that will charge between 50% and 200% per year.

Ultimately, depending on the risks of your legal claim, you could receive funding with much lower interest rates than other claims that carry more risk. 

Not necessarily. What you can do is ask the funding company what their fees are.

It is very common for most lenders to charge fees. This is typically a percentage of the total amount you take out of your expected settlement.

Instead of worrying about fees, look for lenders that provide minimal costs that will be reasonable when your lawsuit is settled.

that means looking for fees that won’t go up over time, can fairly justify the rate you are given, and save you money overall.

Be careful with lawsuit funding companies that don’t charge fees, those contracts usually have compounding rates that go up to 200% per year, and you will have to pay a lot more over time.

The pre-settlement funding process takes 24-48 hours from when your lawyer provides all documentation of your claim.

Most people get the money as a lump sum either through a check or bank deposit. You can also get monthly installment payments, also known as rolling contracts, which are a monthly agreed-upon payment for 3-6-9 or 12 months.

It helps cover expenses and lowers the interest burden of taking the full amount at once.

The funding company will work with your attorney to give your case a fair value before approving you for the advance, which will be between 10-20% of the expected settlement value.

Some pre-settlement funding companies have pre-payment penalties, which are fees that you will pay if you decide to pay off the advance earlier than your case settling.

Avoid funding companies with pre-payment penalties; if you wish to pay your advance before your case settles, you should be able to do so without worrying about pre-payment penalties.

The good news is that prepayment penalties are not common in the industry.

Pre-settlement funding is free of risk because you’ll only repay the money you took out plus interest rates and fees (if applicable) after your case settles successfully. This type of financing is called non-recourse funding and is based on the odds of you winning your case.

With non-recourse funding, providers do not require income verification, monthly payments, credit history, liquid assets, or amounts of total debt, for you have to qualify for the cash advance. They also do not require collateral, such as your house, a car, or good credit, to be approved.

Companies who provide it also provide higher rates than traditional financial loans because, in the adversity that your case doesn’t successfully resolve, you will be exempt from paying back the pre-funds, hence “non-recourse.”

Apply in less than 1 minute.

With Baker Street Funding, what you will see on the contract is what you will get. So, whatever your situation might be, call us today at 888-711-3599 to speak more about your case and get the  funds you need today.

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.