What is a settlement loan?

Simply put, a settlement loan is a type of non-recourse loan where a personal injury plaintiff will receive a portion of their future lawsuit settlement in cash today and put part of that pending settlement as collateral for the loan. It is also known as lawsuit loans or pre-settlement funding; however, it all has the same meaning. Ultimately, the borrower’s attorney pays the settlement loan company the money the client owes (plus interest rates) after winning the case and receiving the settlement proceeds.

How does the Hillsboro lawsuit loan process work?

If you are a plaintiff in Hillsboro and need money to pay your bills and other expenses, a loan application for your pending lawsuit is available online. Your only responsibility is to ensure that your attorney is ready to speak to our attorneys to begin the funding process. See how the Hillsboro pre-settlement loan process works:

What are some of the benefits of lawsuit loans in Hillsboro?

Settlement funding on your lawsuit from Baker Street Funding offers lower interest rates, capped rates, and a fast process compared to other legal funding companies.

No credit check

Many funding providers often conduct credit checks on funding applications. If you feel iffy about your credit score or history, worry not, Baker Street Funding does not perform credit checks.

24 hour process

Being able to get a fast cash advance on your injury is one of our greatest benefits, especially if you are struggling financially. The process of getting a cash advance on your pending settlement only takes a day or two with us.

Lower rates

Since our APR is capped in the third year of your loan and won't go higher than 3.4% monthly, this is a better option than funding your case with other lenders.

No win, no pay

Whether you are getting a large or low amount of borrowed cash, the lawsuit loan payment is only made on the day your settlement proceeds hit your attorney's trust account. Pay for daily essentials like utilities, rent, groceries, and more, without worrying about how you'll pay back the loan.

Looking for fast legal funding in Hillsboro?

Now you know how to get a loan on your pending case in Hillsboro. Get much-needed money before your case settles from Baker Street Funding—the process is fast, and there is no risk to you. Call us to speak to our lawsuit loan management team to find out approximately how much of a cash advance you can qualify to receive from your settlement. Apply for an instant pre-qualification. Our finance team is happy to answer all your questions today.