New York Lawsuit Loans - Fast & Reliable Pre-Settlement Funding

Seize control of your finances with a pre-settlement loan for your New York lawsuit.

If you’re a New Yorker who’s involved in a personal injury lawsuit anywhere in New York State, you know all too well that the financial pressures aren’t just limited to the busy streets of NYC. From the calm shores of Long Island to the scenic landscapes of the Adirondacks, the financial repercussions of legal disputes are felt statewide. In the midst of uncertainty, find solace in a community that understands. Baker Street Legal Funding extends its reach across the Empire State, which offers a bridge to financial stability when New Yorkers need it most. Apply for a lawsuit loan against your pending New York case and get the money you need without unnecessary delays.

settlement funding options
settlement funding options

In the diverse state of New York, where life can range from the quiet small-town tempo to the fast-paced city lifestyle, an unexpected personal injury can hit hard. Now, you find yourself part of a sobering statistic: In FY 2022 alone, New York City paid out $598.5 million in personal injury claim payouts.

While these lawsuit settlements eventually get awarded, they don’t erase the fact that you’re now dealing with not only physical pain, but also mounting medical expenses and a long and drawn-out case against an insurance company—which can drag out for months or years.

In those moments when every dollar counts and the future feels like a looming question mark, New York pre-settlement legal funding offers a financial cushion that allows you to breathe a little easier. This unique form of funding, also known in the Empire State as lawsuit loans, provides you with a quick way to cover unanticipated expenses while your case is pending.

What exactly is pre-settlement funding in New York?

In New York, pre-settlement funding, or a lawsuit loan, is a cash advance against your future legal settlement. This financial arrangement is particularly distinctive in New York, as it is not recognized as a traditional loan but as a “non-recourse” financing. That means you’re not taking on debt that will become a burden later on. Instead, you’re borrowing money from your lawsuit to help manage urgent expenses like medical bills or day-to-day living costs without the pressure to make any payments from your own pocket.

But, what’s non-recourse all about? Simply put, a non-recourse lawsuit loan refers to the repayment of the funds that comes only from the settlement or award you receive. And best of all: if, for some reason, your case doesn’t see success, you owe absolutely nothing in return. That’s the promise—no credit checks, no probing into your financial past either.

This is how lawsuit loans work in New York.

The pre-settlement funding process is an integral part of financial support for lawsuits in NY. Understanding it gives you the power to make an informed financial decision during the litigation process as it can help you avoid any undue financial burden.


Pre-settlement cash advance

Calculating Your Lawsuit Loan Amount

In New York, personal injury lawsuit funding typically range from around 10% to 20% of your case's value. You can choose between a lump sum or monthly payouts.


Discreet and Efficient Case Monitoring

Lenders in New York are committed to discreetly monitoring your lawsuit's progress. However, this monitoring is conducted primarily through coordination with your attorney. This oversight is crucial in maintaining the integrity of New York litigation finance.


Interest Rates and Fee Structure

While there are associated fees and interest rates with lawsuit loans in New York, reputable funding companies lower their costs and comprehensively include them in the final repayment amount once you win.


Flexible Early Repayment Options

Recognizing the unpredictability of legal proceedings, some New York pre-settlement funding companies provide the option for early repayment, without any extra penalties. Just a heads-up: if the New York case is lost, the advanced funds are not recoverable.


Post-Settlement Procedures

Upon successfully settling your case and receiving the settlement funds, your attorney will handle the repayment by allocating the agreed-upon portion to the lawsuit loan company. The remaining balance is yours to keep.

Four easy steps to your lawsuit loan application.

To alleviate financial strain, consider applying for a pre-settlement cash advance with Baker Street Legal Funding, where quick funding is a priority. The perks? Quick approvals, low-interest rates, and zero hidden fees.

process 1

Apply in Minutes

Just a few clicks on our online lawsuit loan form and you're on your way to financial relief. Need a human touch? Call us at (888) 711-3599.

process 2

Expert Review

If your New York lawsuit is a fit, our expert underwriters team up with your attorney to review your case's merits. No guesswork, only expertise.

process 3

Quick Approval

Don't keep that phone too far; you'll hear from us as soon as your attorney gives the nod. A non-recourse loan contract awaits your signature.

process 4

Instant Funding

Contract signed? Great! Your much-needed funds zoom straight into your bank account or arrive by check. Use it for anything urgent—past-due utility bills, rent, or even daily expenses.

Need cash now?

Start your journey towards financial peace by applying for your New York lawsuit loan today and gain the advantage in your pre-settlement phase. Dial (888) 711-3599 for a free consultation to initiate the process.

Pre-settlement lawsuit funding

Key benefits of choosing  New York pre-settlement loans.

A healthy mind and a stable bank account are both key to success in a personal injury case—pre-settlement funding can help you achieve both.

Manage Financial Obligations through New York Lawsuit Funding

Don't let your bills dictate your life. With the flexibility of New York lawsuit loans, you can claim 10% to 20% of your anticipated settlement now. Address your immediate financial necessities, from medical expenses to daily living costs, without the stress of waiting.

Enhance Settlement Negotiations with Lawsuit Loans in New York

Armed with the financial backing of legal funding, you're in a stronger position to negotiate. Lawsuit funding empowers you hold out for a settlement that truly reflects your case's worth, not just the first offer on the table.

Fast-Track Medical Care Courtesy of New York Legal Funding Solutions

Health should always be a priority. Utilize New York pre-settlement funding for personal injury to promptly cover essential medical treatments and start your recovery without delay. This immediate access to funding helps you focus on what matters most – your health.

Get Additional Lawsuit Loans as Your Case Progresses

Life's unpredictability requires adaptable solutions. With the versatility of lawsuit funding solutions in NY, you can apply for multiple cash advances as your needs evolve. Always remember to borrow wisely, and align the funding with your specific requirements.

Eligibility simplified—what you need for a lawsuit settlement loan.

No matter where you are in NY, whether in Manhattan, Brooklyn, Yonkers, Rochester, Syracuse, New Rochelle, Buffalo, or Mount Vernon, your location is never a barrier to seeking the pre-settlement funds you need. Baker Street Funding has a quick New York lawsuit loan approval process for plaintiffs with valid claims over $50,000 within all 62 counties and cities in the state.

What else should you know? Since our lawsuit loans are non-recourse in New York state, to qualify you’ll need to have:

  • An Attorney’s Representation
  • Your Attorney’s Approval for Funding
  • No-Fault Case
  • Documented Injuries
  • A Filed Lawsuit Against a Defendant with Insurance
  • High Potential for Recovery

Feeling unsure? Most clients are before they apply for funds. We encourage you to reach out—even if you’re just considering your options. Our lawsuit funding team can help clarify any doubts.

Fast qualification

Here is why Baker Street Funding is the best pre-settlement funding company for New Yorkers.

Apply for a lawsuit loan with Baker Street Funding.

When you’re swamped with medical bills and a personal injury lawsuit in New York, waiting for a legal settlement can feel like an eternity. So, what’s your next move? Consider a New York settlement loan from Baker Street Funding and get back in control. With clear terms, rates starting as low as 2.95%, simple, per month, and quick approval, you can get the financial assistance you need, and step into a future where financial stress doesn’t cloud your legal decisions. Choose how you handle your finances with Baker Street Funding’s lawsuit loans in New York, and take the time you need for the settlement that’s right for you.

Types of cases that qualify for funding in New York.

Baker Street Funding provides lawsuit loans for different types of claims across the state of New York and throughout the entire United States. Some of the cases we typically fund include pedestrian accidents, medical negligence, wrongful imprisonment, truck accidents, slips and falls, nursing home negligence, construction accidents, premises liability claims, settled cases, whistleblower and Qui Tam, workplace accidents, and more.


Seeking clarity on lawsuit loans in New York? Our FAQs are designed to guide you through the essentials of legal funding.

  1. Applying for a New York settlement loan is simple. Start your application online or by calling us at (888) 711-3599. If your case is accepted, you’ll need to make sure to get your attorney on board to provide the necessary case documents. Remember, no attorney, no funding.
  2. Once your paperwork is in, a specialized team of attorneys will take over. They’ll look at the merits and potential value of your claim and make a funding decision within 24 hours.
  3. Upon approval, you receive an offer, and a pre-settlement funding agreement is drafted. You and your attorney will also need to sign this agreement before any funds are disbursed. 
  4. The lawsuit loan funds will be deposited straight into your bank account or sent to you by check. The lawsuit funding agreement spells out the repayment terms, and your lawyer will be in charge of repaying the loan using the money from your settlement proceeds.

New York lawsuit loans offer numerous advantages, including financial stability during your case, the ability to cover immediate expenses, and the power to negotiate a fair settlement.

Baker Street Funding ensures that New Yorkers facing legal battles have access to necessary funds, reducing financial hardship and enabling better focus on your legal case.

At Baker Street Funding, we prioritize speed and efficiency. Once we accept your case and your lawyer sends the required documentation, our underwriting staff will evaluate your request and make a decision within one business day. After approval, you can typically receive the funds on the same day.

Yes, you may use the cash advance for any immediate costs that arise while your lawsuit is pending. Most of our clients use the money for:

  • Living expenses
  • Medical bills
  • Transportation
  • Child care
  • Housing
  • Groceries
  • Electrical bills
  • Rent
  • Mortgage

All pre-settlement funding options from Baker Street are non-recourse meaning you will not be responsible for repayment if you lose your legal case.

Determining the amount of your New York lawsuit loan involves a careful analysis of several key aspects:

  • Case Merits: We evaluate the liability, damages, and overall strength of your pending case to determine the likelihood of a successful outcome. The higher the value of your case, the more you may qualify for in terms of lawsuit funding in NY.

  • Injury Severity: The severity and lasting impact of your injuries are key factors into how much funding you can get. More severe and long-term injuries often lead to higher loan amounts due to the increased potential settlement.

  • Medical Costs: We thoroughly review medical records, existing bills, and projected future treatment expenses to estimate the net settlement you might receive.

  • Defendant’s Insurance Limits: We also consider the insurance policy limits of the responsible party. Higher limits suggest a larger possible settlement, which can increase the loan amount you qualify for.

  • Comparative Negligence: The concept of pure comparative negligence is relevant in New York. If you are partially at fault for the incident, it could affect the settlement amount. The lesser your fault, the higher the potential settlement and, consequently, your lawsuit settlement funding amount.

No, we do not require any upfront payments or credit checks. Our lawsuit loans are structured to be free of risk as we focus solely on the merits of your case.

No, due to New York regulations, lawyers cannot provide financial assistance for personal expenses related to litigation. However, they can cover court costs and litigation expenses. For personal financial needs, legal funding companies like Baker Street Funding are your go-to resource.

InterestNon-compounding starting at 2.95% p/month
Loan protection2-3 year cap
Funding time24 hours
Average loan amounts in New York$12,500
Funding amounts$1,500 up to $10mm
Type of loanNon-recourse
Workers’ comp eligibilityNo
Personal injury claim eligibilityYes
Civil rights case eligibilityYes

Understanding personal injury lawsuits in New York, legal funding regulations, and available financial support options.

As the legal system evolves with new laws and court decisions, New York state regulations are continually being updated. At Baker Street Funding, we’re committed to providing our clients with the most current information. While this content offers a general understanding of New York’s legal processes, we always recommend consulting with your attorney for more detailed guidance.

Here’s how NY laws can generally influence the process and decision-making for lawsuit loans:

  1. Comparative Negligence: New York follows the principle of “pure comparative negligence.” This means that if a plaintiff is found to be partially at fault for their injuries, their compensation will be reduced by their percentage of fault. For lawsuit funding companies, this means assessing the potential reduction in settlement or judgment value based on the plaintiff’s contributory negligence.
  2. Statute of Limitations: In New York, personal injury claims generally have a statute of limitations of three years from the date of the injury. Lawsuit financing companies will consider how much time has elapsed since the injury. If the statute of limitations is ending and the lawsuit hasn’t been filed, it might influence the lender’s ability to fund the case.
  3. Insurance Regulations and Minimum Liability Coverage: New York is a “no-fault” state for automobile accidents, meaning that, regardless of who’s at fault, injured parties turn to their own insurance policies for compensation first. This can influence the amount of money awarded in auto accident cases and, consequently, the funding possibility for car accident lawsuit loans.
    In addition to the no-fault system, New York law mandates that vehicle owners carry the following liability insurance coverage:
    (1) A minimum coverage of $25,000 is required for personal injury to a single individual in an accident.
    (2) In the event of a fatality, the coverage requirement increases to $50,000 for each person. (3) For accidents involving multiple individuals, the minimum coverage for injury is set at $50,000.
    (4) If an accident results in the deaths of two or more people, the required coverage is $100,000.
    (5) Property damage liability is set at a minimum of $10,000 per accident. A minimum coverage of $25,000 is required for personal injury to a single individual in an accident.
  4. No-Fault Car Insurance: New York’s “no-fault” car insurance system means that after most traffic accidents, an injured person’s own insurance will cover certain losses, regardless of accident fault. This principle can influence potential recovery amounts in auto accident cases, thereby affecting the lender’s decision to invest in a case.
  5. Caps on Damages: While New York doesn’t have a cap on most personal injury damages, there are caps on certain types of damages in medical malpractice cases. This can affect the potential value of a case and the amount a lawsuit funding company is willing to advance.
  6. Liens and Subrogation Rights: New York law allows certain entities, like health insurers or Medicaid, to place liens on personal injury settlements or judgments to recover amounts they’ve paid for the plaintiff’s medical treatment. Legal funding companies will consider these liens, as they can reduce the net amount the plaintiff receives from a settlement or judgment.
  7. Professional Ethics and Conduct: New York’s rules of professional conduct for attorneys can influence the lawsuit funding process. For instance, New York attorneys must avoid any potential conflict of interest by not having any financial interests in lawsuit loan companies they direct their clients to.
  8. Case Precedents: Decisions from New York courts in personal injury cases can set precedents that influence the value and strength of future cases.

All in all, New York’s personal injury laws create a framework that funding companies must comply with. These laws influence the risk assessment, potential return on investment, and the overall decision-making process to provide lawsuit loans to plaintiffs in personal injury claims.

In the midst of a New York personal injury litigation, the last thing you need is added stress due to unclear lawsuit funding terms. Interestingly, New York State doesn’t have laws or regulations governing lawsuit loans. However, this doesn’t mean you should settle for any pre-settlement funding company. There are financial and legal standards that businesses must respect.

At Baker Street Legal Funding, we’ve set our own gold standards. Even without New York lawsuit funding regulations, our commitment to New Yorkers is rooted in offering ethical and transparent funding solutions that respect your litigation as we stay compliant with industry best practices.

Clarifying Legal Funding Practices in New York: The Truth Behind the Agreement

Recently, confusion has arisen about legal funding practices in New York regarding the need to make disclosures about cash advance fees, rates, and total repayment schedules. Although this is not a mandated law, as per the New York Bar Association, the New York Attorney General’s Office issued a document on February 17, 2005 entitled ‘Assurance of Discontinuance’.

This document outlines lawsuit funding agreements in NY made with certain lenders to adopt specific practices for the benefit of consumers. These practices include complying with the Plain Language Law in contracts and detailing financial information on the front page. It also advises consumers to consult a lawyer before signing any contract; it provides a five-day window to cancel it without a penalty, and the attorney’s fees should be reasonable.

However, these agreements were voluntary and not indicative of statutory law requirements in New York. Misrepresentations of this document may lead to the false belief that such practices are legally mandated, which is not the case.

A Glimpse into New York’s Stance on Litigation Funding

In New York, third-party litigation funding is permitted, albeit with some nuances. It’s a relatively newer concept in the U.S., but its acceptance is growing. The funding service involves a third-party funder providing a non-recourse loan to a claim holder to cover expenses in exchange for a portion of the lawsuit’s proceeds. NY courts have generally protected claimant-funder disclosures and ensured that the lender’s returns aren’t seen usurious.

While there’s no direct regulation on third-party litigation funding in New York, the state has laws against champerty, which is the prohibited practice of buying lawsuits with the intent to profit from them. Nonetheless, traditional third-party funding doesn’t fall under this definition in New York.

Our analysis of personal injury trends and statistics in New York offers insight into the common challenges faced by plaintiffs. Baker Street Funding uses this data to better understand and serve the unique needs of our clients involved in NY injury lawsuits.

New York, known for its breathtaking landmarks like the Statue of Liberty, Times Square, and Central Park, is a place that captures hearts worldwide. It’s not just these famous spots that make New York special; there’s also the awe-inspiring Niagara Falls, the serene Finger Lakes, the picturesque Lake Placid, the charming Lake George, the historic Cooperstown, the iconic Empire State Building, and the poignant 9/11 Memorial and Museum. But amid this vibrancy, there’s a significant concern that often goes unnoticed: injuries.

Surprisingly, according to New York Department of Health, each year, nearly 8,000 New Yorkers lose their lives due to various injuries and they are are the leading cause of death for New Yorkers aged 1 to 34, remaining a major cause for all other age groups. 

At Baker Street Legal Funding, we provide lawsuit funding for personal injury victims in New York who are involved in civil cases. Some of the injuries we fund are:

Reach out to Baker Street Funding to get a complimentary case review regarding New York lawsuit loans.

Car accidents in New York are a reflection of the risks that come with the fast life of this excitingt state. Factors like weather, alcohol, and distracted driving, including texting, contribute significantly to these incidents. Most car accidents in New York occur during lunch hours on weekdays, a time when the roads are busiest.

Here’s a deeper dive into the statistics:

  • Motor Vehicle Traffic Injuries: They are a major public health concern in New York State. These injuries are the leading cause of injury-related deaths and the second leading cause of injury-related hospitalizations. On average, three New Yorkers lose their lives every day due to traffic-related crashes. The financial impact? $1.1 billion in hospitalization and emergency department charges annually.

  • Fatalities and Crashes: New York witnesses over 30,002 fatalities from car accidents each year. Police reports indicate around 6.2 million crashes annually, leading to approximately 2.4 million injuries and an average of 90 deaths every day.

Specific Causes:

  • Drinking and Driving: Approximately 30 fatalities in New York each year.
  • Speeding: Accounts for about 27% of all traffic fatalities in the state, leading to over 300 deaths annually.
  • Distracted Driving: Causes around 48,000 crashes in New York each year.
  • Truck Accidents: Nationwide, there are 4,067 fatalities and 116,000 injuries, as reported by the NHTSA.
  • Bicycle Accidents: Lead to about 3,700 ER visits and over 600 hospitalizations in New York, resulting in over 30 deaths annually.

Most dangerous roads in New York:

  • Neptune Avenue in Brooklyn
  • Taconic State Parkway
  • Queens Boulevard in Queens
  • Sunrise Highway in Suffolk County, Long Island
  • Hempstead Turnpike in Nassau County
  • Upper Broadway in Manhattan
  • Nassau Jericho Turnpike in Nassau County, Long Island
  • Niagara Falls Boulevard

These accidents can leave a lasting impact, not just physically but also financially. If you’re in the middle of a legal case due to a car accident, remember that you don’t have to struggle financially alone while you wait for your NY settlement. A personal injury lawsuit loan from Baker Street Funding could be the solution you need.

Adhering to strict ethical guidelines, Baker Street Funding emerges as a trusted name among New York lawsuit loan companies as we prioritize the best interests and well-being of our clients above all else. Our ethical stance is clear: We do not engage in referring clients to attorneys unless specifically requested by the client.

Furthermore, we strictly avoid any lawsuit funding client referrals that might be perceived as a quid-pro-quo arrangement. This ensures that any recommendations we make are genuine, unbiased, and solely in the best interest of our clients.

In addition, Baker Street Legal Funding has established relationships with skilled personal injury attorneys across New York. That said, to protect our client’s privacy and the law firms we collaborate with, we do not publicly disclose any information about our attorney recommendations. This approach maintains the safety and privacy of all parties involved.

  • New York State Office of Temporary and Disability Assistance (OTDA): Provides support for individuals and families in NY.
  • Supplemental Nutrition Assistance Program (SNAP): Helps eligible New Yorkers with food assistance.
  • Home Energy Assistance Program (HEAP): Assists low-income New Yorkers with heating and energy costs.
  • Temporary Assistance (TA): Offers temporary help for men, women, and children in need in New York.

Select a legal funding service to get started. 

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