Lawsuit Advances
A cash advance solution for plaintiffs and attorneys.
A lawsuit advance is a non-recourse loan that uses expected lawsuit settlements as collateral. These advances are available to plaintiffs and attorneys to successfully battle the defendant and pay immediate costs while a case reaches a successful conclusion. Baker Street Legal Funding provides cash fast advances on settlement proceeds and trial awards to claimants and attorneys who need the funds fast. Lawsuit loan amounts range between $1,500 to $20,000,000+.
- Low rates
- Quick cash
- No risk
If you are an attorney looking to pay for high litigation costs or a plaintiff who needs to pay bills, then you understand that without the cash flow to pursue wealthy corporate defendants, you could end up settling for less than your case’s fair value.
The real conundrum is that these defendants are aware that long drawn-out legal battles can drain plaintiffs financially until they either accept a low settlement offer or drop the case altogether.
Ironically, traditional lending institutions and banks do not see potential cash payments of settlements and verdict awards as assets, and they are not able to provide long-term financing to bring a dispute to its proper conclusion due to the high risks of litigation.
This leaves a void for those inadequately capitalized funds to dabble into legal funding where attorneys and plaintiffs can secure financing to assist them in seeing a case through.
To put it in perspective, litigation and pre-settlement funding companies exist to provide both claimants and attorneys with the needed financial resources by investing money into civil proceedings. This works by purchasing a portion of your prospective settlement (or jury award) on a non-recourse basis in exchange for the advance.
What is a lawsuit cash advance anyway?
A lawsuit cash advance is exactly what it says it is, a cash advance of a portion you expect to receive from your potential settlement or judgment proceeds. Although lawsuit advances are typically called lawsuit loans, they are not real loans in the traditional sense. They are considered a special kind of non-recourse funding since they provide plaintiffs involved in personal injury litigation and attorneys alike with cash in advance of a legal case resolving in or out of court. A lawsuit cash advance is also known as pre-settlement funding, and it comes with no risks. You can use the money for just about anything while a lawsuit is pending. Once you borrow a set amount of money, you won’t have to pay it off until your claim reaches a settlement or until you receive a monetary award for your damages. Lawsuit cash advances are a magnificent financing tool for settling a case successfully or winning maximum compensation.
Here is the process of getting cash advances from Baker Street Legal Funding.
Lawsuit cash advances are designed for people who need fast advances during litigation. Lawsuit cash advances don't require credit scores or job verification. Your approval amount and rates will be solely based on the strength of your case and the probability of its success.
Qualification
First, apply for funding online or by phone. Once you are finished, you’ll get a quick response to your funding request for qualification.
Evaluation
After your case qualifies for evaluation, our underwriters will then work with your attorney to help give your case a present value and decide how much we can advance you.
Approval
Once you are approved, you will be offered a non-recourse financing agreement to be signed by both, your attorney and yourself before releasing the money out to you.
Cash
After we receive the signed contract, your funds will be wired to your account or we will send you a check—as soon as the same day.
Common uses.
Plaintiffs can use the advance to pay bills before or after a legal dispute settles or resolves. The capital advanced to attorneys can be used for all litigation-related expenses.
For plaintiffs
Our cash advances for claimants helps pay urgent day-to-day expenses until a successful settlement or a monetary damages award is reached. You can pay for family expenditures, rent, mortgage, make car payments, medical bills, vet care, buy groceries and more.
For attorneys
We provide quick settlement financing for law firms by establishing long-term partnerships. Lawsuit funding helps attorneys pay litigation expenses while working a case, pay expert witness costs, cover administrative payments, and more.
You rates and terms matter—now more than ever.
Baker Street Funding provides litigation financing for attorneys with a fixed 2% interest rate lower than other pre-settlement funding companies. We also offer specialty client lawsuit cash advances to all attorney referred cases with rates surrounding 2.5% to 3.0% fixed monthly. And that’s not all, Baker Street Funding offers capped rates to all plaintiff loans. This means that your rate will be capped in the second or third-year mark—and you won’t be charged more interest if your claim doesn’t settle two to three years after you received your last advance. Learn more about our low pre-settlement loan interest rates here.
Calculate your cash advance rates with our lawsuit loan calculator.
Get an idea of estimated rates for different funding amounts with our lawsuit loan calculator for plaintiffs. Get an estimate of how much cash Baker Street Funding could save you vs. other companies.
Apply for a lawsuit advance and cover your finances today.
You can qualify for a cash advance on your pending lawsuit within minutes by applying online now. Lawsuit cash advances work fast and are an easy way to get the funds you need without the hassles associated with banks. You may be able to get approved for thousands of dollars by funding a portion of your future settlement (or award of damages) today and only pay back the funds if you win your case. Apply today and upon approval, get access to the funding to cover your finances almost immediately. There is literally no risk in seeing what we can offer you.
