Personal injury lawsuit funding tips and resources.
Personal injury claim funding can be used for any purpose without the worry of having your credit or job status checked. There is no repayment if the case is lost. The following information will give you an in-depth understanding of how pre-settlement funding for injury claims work, types of cases we fund, common injuries, and more.
Personal injury claim funding list
See some of the personal injury claims we fund.
You may be eligible for funding if your case type is listed below. The following list, while comprehensive is not a full list of the types of personal injury claims we fund, so if you do not see your case type below, we strongly encourage you to call us to see if we are able to fund your lawsuit. For more information on pre-settlement financing for personal injury lawsuits and the types of cases and injuries we fund, please call us today at 888-711-3599.
Personal injury loans
- Assault and battery
- Agricultural and farming accidents
- Asbestos
- Carbon monoxide poisoning
- Electrical accidents
- Expected/intended harm
- Hospital negligence
- Nursing home negligence
- Negligent security
- Medical malpractice
- Mesothelioma
- Misdiagnosis
- Product liability
- Premises liability
- Roundup lawsuits
- Slip and fall
- Subway accidents
- Sexual abuse of any kind
- Toxic mold
- Veteran Affairs Military Lawsuits
- Work related accidents
- Wrongful death
Motor vehicle and car accident loans
- Ambulance accidents
- Aviation accidents
- Bicycle accidents
- Boating accidents
- Bus accidents
- Commercial vehicle accidents
- Farm tractor
- Firetruck accidents
- Forklift accidents
- Hit and Runs
- Limousine accidents
- Motorcycle accidents
- Multiple-vehicle Accidents
- Pedestrian accident
- Police car accidents
- Scooter and moped accidents
- Semi-truck 18 wheeler accidents
- Side-impacts
- Taxicab accidents
- Uber, Lyft accidents
- Train accidents
See some of the bodily injuries that apply for funding.
The following are common injuries that Baker Street Legal Funding approves the most:
- Anoxic Brain Injury
- Amputation Compensation
- Broken Bones and Fractures
- Catastrophic Injuries
- Cerebral Palsy
- Compression Fractures
- Coup Countrecoup Injury
- Crush Injuries
- Diffuse Axonal Brain Injuries
- Erbs Palsy
- Fire and Burn Injuries
- Forceps Birth Injury
- Internal Bleeding
- Knee Injuries
- Laceration
- Loss of Consortium
- Loss of Sight Hearing and Senses
- Neurological Disorders
- Organ Damage
- Orthopedic Injuries
- Scarring and Disfigurement
- Slipped or Torn Discs
- Soft Tissue Injuries
- Spinal Cord Injuries
- Trampoline Park Injuries
- Vertebrae Fracture
Your personal injury case and the law
What is a personal injury claim?
According to Black’s Law Dictionary 786 (6th ed. 1990), the term personal injury is defined as: “In a narrow sense, a hurt or damage done to a man’s person, such as a cut or bruise, a broken limb, or the like, as distinguished from an injury to his property or his reputation. The phrase is chiefly used in this connection with actions of tort for negligence…”
The term “personal injury,” when applied in the context of the law, means that an individual (plaintiff) was hurt due to another party’s (defendant) intentional act or negligence. Plaintiffs involved in injury lawsuits generally seek attorneys’ help to finally receive financial compensation awarded for a variety of reasons, including but not limited to physical injury, emotional distress, and loss of wages.
Why file a personal injury lawsuit?
Personal injury cases are filed when victims suffer damages (pain and suffering) or sustain injuries from an accident caused by another person’s negligence or failure to act. You can file a personal injury lawsuit against an individual, the government, corporation, or authorities, including the police.
Statute of limitations.
In general, throughout the U.S.A., most plaintiffs have three years to file a personal injury claim, depending on your state, except for minors. It is essential to file your complaint as soon as you get injured, so you don’t go over time and lose the compensation you need.
Experts tell us that 95 percent to 96 percent of personal injury cases settle pretrial. Since only around four percent of lawsuits go to trial, when it comes to a fair settlement, both parties must agree on the number required.
Pre-settlement funding companies' criteria
Learn more about your injury lawsuit and how a funder may decide if your case is eligible for a loan.
As you are aware now, getting a loan against your lawsuit has no risk. The only one taking a massive risk is the investor investing in your injury case because credit scores or job verification are not a requirement to get approved. We are not holding you personally liable for the advance; we cannot pursue you to pay us if your case doesn’t successfully conclude; therefore, this type of financing can bring a tremendous risk to the funders if the case is not reviewed effectively.
For a lawsuit lending firm to lessen the risk, some critical criteria must be applied before approving an injury case loan. A company won’t provide pre-settlement funds to a plaintiff whose case has tremendous liability concerns with the defendant or minor injuries.
Proving fault in personal injury claims we fund
A reasonable attorney will do all they can to prove your injury claim’s fault as long as it is a legitimate injury caught from the current accident. Proving fault is one of the most challenging jobs, and only legal professional representation can get it done beneficially. If you have injuries from a previous accident, it can become more challenging to prove who is at fault, but not impossible. Medical records will show whether your injury was caused by this accident or you were already hurt from another incident. In the case, you have previous injuries, and the accident damaged those injuries, a doctor’s evaluation can always confirm this. Injury funding companies are more interested in seeing the cause of your injuries before approving you for a loan.
Giving your case a value
Legal funding companies work similarly to the explanation above when evaluating a case. Your claim and final settlement will depend on many different factors, as all cases are entirely different. When we study your case, we go through these factors to give it a fair value. The chances of a plaintiff getting an injury lawsuit cash advance approval can decrease if you were injured in another accident. That’s why the firm will ask your attorney to provide your injury file, doctor visits, medical records, etc. These factors help us give your claim an approximate settlement value based on what we think your case is worth.
The bigger the injury, the bigger the approval
Doctors are professionals who can identify issues with the human body. With a doctor’s formal letter stating that you are suffering from severe injuries resulting from your accident, you have a big chance on your case valuing more and getting approved for the advance. We must point out that the defendant’s insurance is worth your big injury claim. For example, if the defendant only has $20,000 in insurance limits, and your injuries are severe, depending on the state (each state has its law), we may or may not look into the case.
The average settlement timing in personal injury cases we fund
The time when a settlement is reached depends on your injury because not all cases are the same. Depending on how complex your injuries due to an accident are, it affects how long your claim will reach a settlement. Catastrophic injuries are cases that will take longer to settle because they are worth millions of dollars. Soft tissue injuries, where only the muscle was affected, usually carry a much lower value. The cases we fund take anywhere between one to two years to settle. The cases that take longer are sometimes due to complications with the case. We don’t fund complicated cases because if a claim takes more than three years to pay, and the company funds it, there is the potential of losing money because those cases usually carry too much risk. Funding companies also risk getting sued by the plaintiff because interest rates can get much higher than anticipated. At Baker Street Funding, we are not interested in charging you a ridiculous amount of interest rates by financing an injury lawsuit that will take longer than three years to resolve.
The insurance company
Learn how the insurance works and how you can get around them so they offer you a better settlement.
As personal injury cases continue to pile up in courtrooms and more people sue for damages, it becomes easy to understand why personal injury litigations drag for ages.
The insurance company:
Many insurance companies use various tactics to defend personal injury claims. The time it takes to settle your claim can vary greatly depending on the insurance company being held liable. Also, different individual insurance adjusters handle claims in various manners, which can also speed up or slow down the time it takes to process your claim.
One of the factors that cause setbacks both for pre-trial and settlement purposes is ‘resources.’ These corporations delay settlement awards, so victims get the minimum payment from them, many times, leaving them in gross debt.
This long wait often takes its toll on injured persons who get pressure from the insurance company and defense attorneys to settle early or take whatever they are being offered to cater to medical bills and other financial commitments.
Based on 99% of the cases we fund, every plaintiff deals with an insurance company that’s slowing down their proceeds. Sometimes, victims who suffer from catastrophic injuries accept an offer from the insurance company, much lower than the real value of the case, when they don’t request to fund their case. An injured plaintiff can’t tell their landlord, “I cannot pay my rent because I am not working, and the defendant’s insurance is taking his time postponing my settlement.” Well, the landlord has to eat and pay bills too. Mid while the victim is about to get evicted. This situation isn’t fair to the plaintiff.
When these types of offers are accepted, they can ruin a person’s entire life while left permanently injured or even paralyzed. Insurance companies do this on purpose, so you take a low-ball offer.
Injury settlement loan companies:
Settlement loan companies can help you fight the insurance company’s defense attorney tactics, so you can eventually get the compensation you deserve. So, if the insurance company is delaying your settlement or award and offering you an undervalued amount and need cash right away, give us a call at 888-711-3599.
With your attorney’s full co-operation, we will evaluate your case, and once approved, you can have the funds you need fast.
Geographical restrictions
Specific funding restrictions vary by lender.
Not all lawsuit money lenders operate in all 50 states. Some may offer minimum and maximum funding approvals depending on the state you live in. Baker Street Funding provides financing in the following locations due to strict State laws:
*We provide funding for personal injury, employment/labor, and civil rights lawsuits in the following states:
Arizona, Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, Nevada, New York, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.
- We currently fund Colorado at a minimum of $75,000. Case value must be at least $750,000+.
- We currently fund North Carolina at a minimum of $25,000. Case value must be at least $250,000+.
- We currently fund South Carolina at a minimum of $100,000. Case value must be at least $1,000,000+.
- We currently fund in Nevada at a minimum of $20,000. Case value must be at least $200,000+.
- We currently fund in Illinois at a maximum of $40,000. Case value must be at least $400,000+.
- We currently fund in Tennessee at a minimum of $10,000. Case value must be at least $100,000+.
- We currently fund in Arizona at a minimum of $20,000. Case value must be at least $200,000+.
*Litigants with corporate disputes are eligible to receive funding in every state in the United States (and eligible countries).
*Funding for attorneys is provided in most states. Please get in touch with us to find out if your state is eligible.
*Worker’s compensation claims are funding only in the following states: Alaska, Connecticut, Florida, Iowa, Louisiana, Montana, Rhode Island, Washington, and Wyoming.