How Many Pre-Settlement Funding Loans Can I Get?
Get as many pre-settlement loans as your case supports—save without the hassle.
If you have taken pre-settlement funding and are looking to get a second pre-settlement loan, you can apply again. Yes, you can apply for a second loan or even a third loan on your case—Baker Street Funding specializes in multiple funding in most states across the United States. Have an existing loan with another company? Found a lower rate? We’ll match it or give you a better rate when your case gets approved for funds.
- Low rates
- Fast funds
- No risk
Take out additional funding, consolidate your current advance, reduce on costs.
At Baker Street Funding, it’s not unusual for plaintiffs to request one or more settlement advance loans during their litigation. We understand that sometimes lawsuits get protracted, and things can take a surprising turn. Baker Street Funding is committed to providing as many lawsuit loans as plaintiffs need, no matter the amount. If you are worried about whether you can qualify again, don’t overthink it because we can help. So—if you have already received a pre-settlement loan with us or with another company, we may be able to approve you for more funding. By applying for a pre-settlement loan or advance loans on settlements with Baker Street Funding, plaintiffs have the ability to consolidate loans from other lenders and save money on future payments.
At Baker Street Funding, we are aware that accidents and injuries often leave their victims in pain and suffering. The families of the victims are also not spared from the hardship that follows such unfortunate events.
During these difficult times, one factor that hits victims is finance — money for medical bills, rent, settle debts and get by everyday expenses like feeding. Sadly, bills won’t stop coming, and they risk financial embarrassments like expulsion and repossession. Victims of accidents and personal injuries barely have enough strength to move around, and resuming work without full recovery will only set back their healing process.
Out of desperation, these same victims are tempted to borrow against their expected settlement from predatory companies that provide skyrocket costs, making it more difficult to borrow more money.
The two questions that plaintiffs often ask before taking out more pre-settlement loans are, “How many pre-settlement advance loans can I get?” “Can I apply for a pre-settlement cash advance with a different lender and lower the rate on previous loans?”
If your lawsuit qualifies for another cash advance, you can absolutely get as many pre-settlement loans as the value of your potential settlement allows. While there is typically no limit to how many pre-settlement loans plaintiffs can have overall, lenders typically set their own restrictions to justify added funding. Generally, plaintiffs can take out more than one loan on the case, depending on the pre-settlement funding company.
Want more good news? You can also change companies to lower your rate. Paying high rates when facing trying times makes no sense when you can lower your rate by combining your current advance into one loan with Baker Street Funding, and continue to get multiple funding, as requested.
How? Getting approved for additional pre-settlement funding depends on certain factors, such as:
The case has to have progressed since the last time you received funding, procedurally or through medical or surgical treatment, the case value needs to merit extra funding and there can be no open appeals.
Get all the pre-settlement loan benefits and lock in a lower rate.
Baker Street Funding can buyout any outstanding lawsuit loan from another company upon approval. Lock in a low rate on legal funding, and get a 3 year cap—including simple interest until your case settles or the rate ends in the third year of your loan, whatever comes first. Plaintiffs can get up to $2,000,000+ for pre-settlement loans and up to 50% from the settlement amount in post-settlement loans.
You are expected to have hired an attorney on contingency to represent you and attest that you understand our agreement’s terms.
How it works.
Applying for additional lawsuit loans with Baker Street Funding is as easy as applying for your initial lawsuit loans.
Apply in minutes
If you have already taken out a previous lawsuit loan from Baker Street Funding, all you have to do is call your funding specialist to request more funding and let our underwriters get to work. If you come from a different company, complete the application along with the name of the company that has your lien.
Evaluate in 24 hours
Once our underwriters get additional case information from your attorney (and the payoff letter from the previous lender, if applicable), your additional lawsuit loan eligibility is decided within 24 hours. The only delay you may experience occurs when your attorney or the other company don’t respond to our calls or provide necessary documents in good time. It is always best to work closely with your attorney at all times to avoid any hindrances.
Get funded
When we buy out a previous advance, your contract will include the payoff to the first company as well as the new funding you are set to receive. This total amount will now be consolidated at the new lower rate. Once the lawsuit loan agreement is signed by you and your attorney, funds are immediate disbursed via wire transfer or overnight certified check.
See our advantages.
If you are interested in getting your lawsuit loans credited into your wallet fast, at Baker Street Funding, we have all the technical and intellectual expertise that’s committed to ensuring that your funds get to you in the quickest possible time. Here are reasons why you should opt for Baker Street Funding:
Approval within 24 hours or even faster
Getting approval for additional lawsuit loans can’t be more accessible. All you have to do is call us. Our team of expert underwriters will immediately get in touch with your attorney to obtain the necessary information about your case and finalize the agreement. If your attorney is responsive and our underwriters are comfortable with every submission, you will get your additional lawsuit loan within 24 hours, without delays.
Lower rates for additional settlement advance loans
At Baker Street Funding, we don’t prey on plaintiffs or take advantage of their situations and slam them with high rates because they are desperate to get additional advance loans on a settlement. We understand how difficult trials can be, and we don’t intend to add to your pains and sufferings. Like we mentioned earlier, the value of your case, the amount of the previous lawsuit loan you took out, the progress of your claim, and the medical procedures involved will determine the amount of your lawsuit loan.
The funding is non-recourse, all risk free
Don’t hesitate to apply for Baker Street Funding lawsuit loans because of the word “loan.” What we give to plaintiffs is best described as a cash advance on your potential settlement. We estimate the value of your lawsuit loan based on the nature of your claims and the chances that the case will settle in your favor. You are also not under any obligation to repay the pre-settlement loan if you don’t win the case. Unlike traditional loans from banks and other lenders, you won’t be paying both principal and interest. You only pay if you win the case!
Qualifying for a second pre-settlement loan with Baker Street Funding can help you save.
At Baker Street Funding, there is no limit on the number of times you can apply or take out advance loans on settlements. However, our professional underwriters will still have to evaluate your settlement’s potential value and how much you took out on the previous lawsuit loan. We understand that it is not unusual for litigations to take an unexpected turn. When confronted with such unforeseen circumstances, we may be able to help you take out another lawsuit loan at a competitive rate.
Fixed
2% – 3.4% per month
Capped
2 – 3 years
Learn more.
What is the qualification criteria to getting more funds?
The qualification ultimately depends on the value or estimate number of your potential settlement. The amount you are eligible for is based on the nature of your claims and the strength of your case. In simple words, the higher your chances of winning the case, the higher your lawsuit loan amount.
If your case is not overfunded and it checks all our boxes of merit, our underwriters will give your loan application thumbs up, and you will get your requested cash advance in full.
What cases do you fund?
Most of the cases we fund at Baker Street Funding are civil or cases of injuries that need financing. We work with personal injury contingency attorneys from all over the country to help plaintiffs get the funds they need today. These are some of the most typical cases we finance:
How much money should I take out?
Even though we don’t dictate how you spend your money, we always encourage plaintiffs to only take the amount they need instead of taking large sums and becoming reckless in their spending. If you run out of cash after the first loan was approved and paid to you, you can always apply for a second pre-settlement loan.
Who can apply?
The concept of lawsuit loans is relatively new. Many misconceptions surrounding lawsuit settlement loans prevent plaintiffs from reaching out to lawsuit financing companies for legal funding. One such misconception is that lawsuit loans are illegal, and the industry is not regulated. Nothing could be farther from the truth because several states are beginning to regulate the industry.
Anyone who has filed a legal claim and has attorney representation (on contingency) can apply to answer the question.
Depending on the stage of the case, plaintiffs can apply for either pre-settlement loans (while litigation is ongoing) or post-settlement loans (when the case has settled in your favor but you are yet to receive the award).
Ready to get more funding?
Baker Street Funding lets you roll multiple high-interest lawsuit loans into a single loan with a fixed 3 year capped rate, while providing you with as much funding as you need. We are committed to providing fast financial aid to plaintiffs during their difficult times. In addition to our transparent and equitable application process, our lines are also open to discuss your questions about taking additional lawsuit loans. Apply for a lawsuit advance or call us at 888-711-3599 to get started now.
See some of our settlement funding products.
Accidents and injuries often leave their victims in pain and suffering. The families of the victims are also not spared from the hardship that follows such unfortunate events.
During these difficult times, one factor that hits victims and their families is finance — money for medical bills, rent, settle debts and get by everyday expenses like feeding. Sadly, bills won’t stop coming, and they risk financial embarrassments like expulsion and repossession. Victims of accidents and personal injuries barely have enough strength to move around, and resuming work without full recovery will only set back their healing process.
What do you do in such trying times? You can apply for a pre-settlement loan or advance loans on settlements. Sometimes lawsuits get protracted, and things can take a surprising turn. If you have already received a pre-settlement loan, you may be eligible to be approved for more funding.
It’s not unusual for plaintiffs to request a second settlement advance loan during their litigation.
Often, the question that plaintiffs ask before taking out a pre-settlement loan is, “How many pre-settlement advance loans can I get?”
If you have this same question in mind, don’t overthink it because we will address your concerns in this article. At Baker Street Funding, we are committed to providing fast lawsuit loans. Our pre-settlement loans are flexible and unbelievably easy to get.
If you have already taken pre-settlement funding from us and are looking to get a second pre-settlement loan, you can apply again. Yes, you can apply for a second loan or even a third loan on your case—Baker Street Funding funds in most states across the United States.
However, getting additional pre-settlement funding depends on certain factors such as how much the case is worth, the nature of injuries, and the surgeries involved.
Who can apply for a pre-settlement loan?
The concept of lawsuit loans is relatively new. Many misconceptions surrounding lawsuit settlement loans prevent plaintiffs from reaching out to lawsuit financing companies for legal funding.
One such misconception is that lawsuit loans are illegal, and the industry is not regulated. Nothing could be farther from the truth because several states are beginning to regulate the industry.
Anyone who has filed a legal claim and has attorney representation (on contingency) can apply to answer the question.
Depending on the stage of the case, plaintiffs can apply for either pre-settlement loans (while litigation is ongoing) or post-settlement loans (when the case has settled in your favor but you are yet to receive the award).
The estimated value of a pre-settlement loan
At Baker Street Funding, we offer incredibly low-rates legal funding. Plaintiffs can get up to 20% for pre-settlement loans and up to 50% post-settlement loans. However, you are expected to have hired an attorney to represent you and attest that you understand our agreement’s terms.
Qualifying for a second pre-settlement loan
Like we mentioned earlier, it’s not unusual for litigations to take an unexpected turn. When confronted with such unforeseen circumstances, you may want to take out another lawsuit loan.
At Baker Street Funding, there is no limit on the number of times you can apply or take out advance loans on settlements. However, our professional underwriters will have to evaluate your settlement’s potential value and how much you took out on the previous lawsuit loan.
Speaking of the value or estimate of your potential settlement, the amount of the pre-settlement loan you will be eligible for depends on the nature of your claims and or the strength of your case. In simple words, the higher your chances of winning the case, the higher your lawsuit loan amount.
Most of the cases we fund at Baker Street Funding are civil or cases of injuries that need financing. Also, plaintiffs must have retained an attorney on contingency.
If your case checks all our boxes of merit and our underwriters give your loan application thumbs up, you will get your cash advance in full.
Even though we don’t dictate how you spend your money, we always encourage plaintiffs to only take the amount they need instead of taking large sums and becoming reckless in their spending. If you run out of cash after the first loan was approved and paid to you, you can always apply for a second pre-settlement loan.
How it works
Applying for additional lawsuit loans at Baker Street Funding is as easy as applying for your initial lawsuit loans. All you have to do is call your funding specialist to request more funding and let our underwriters get to work.
Once our underwriters get additional case information from your attorney, your additional lawsuit loan will be approved within 24 hours. The only delay you may experience occurs when your attorney doesn’t respond to our calls or provide necessary documents in good time. Having mentioned that, it is always best to work closely with your attorney at all times to avoid any hindrances to your lawsuit loan application and approval.
Why choose Baker Street Funding?
Well, if you want to get your lawsuit loans credited into your wallet fast, you should always deal with professionals. At Baker Street Funding, we have all the technical and intellectual expertise that’s committed to ensuring that your lawsuit loans get to you in the quickest possible time.
Here are reasons why you should opt for Baker Street Funding:
Get approval within 24 hours
Getting approval for additional lawsuit loans can’t be more accessible. All you have to do is call us, and you are done. Our team of expert underwriters will immediately get in touch with your attorney to obtain the necessary information about your case and finalize the agreement.
Hopefully, if your attorney is responsive and our underwriters are comfortable with every submission, you will get your additional lawsuit loan within 24 hours, without delay.
Lower rates for additional settlement advance loans
At Baker Street Funding, we don’t prey on plaintiffs or take advantage of their situations and slam them with high rates because they are desperate to get additional advance loans on a settlement. We understand how difficult trials can be, and we don’t intend to add to your pains and sufferings. Like we mentioned earlier, the value of your case, the amount of the previous lawsuit loan you took out, the nature of the injury, and the medical procedures involved will determine whether your lawsuit loan will be approved.
The funding is non-recourse
Don’t hesitate to apply for Baker Street Funding lawsuit loans because of the word “loan.” What we give to plaintiffs is best described as a cash advance on your potential settlement. We estimate the value of your lawsuit loan based on the nature of your claims and the chances that the case will settle in your favor. You are also not under any obligation to repay the pre-settlement loan if you don’t win the case. Unlike traditional loans from banks and other lenders, you won’t be paying both principal and interest. You only pay if you win the case!
Excellent funding service
In addition to our transparent and equitable lawsuit loan application process, our lines are also open to discuss your concerns about taking additional lawsuit loans. At Baker Street Funding, we are committed our providing fast financial aid to plaintiffs during their difficult times.
Also, if you have already taken out a previous lawsuit loan from Baker Street Funding, feel free to call our team of professional underwriters to evaluate your loan eligibility.
Do you need to apply for a lawsuit advance? Call us at 888-711-3599 to get started or apply now.