Baker Street Funding is one of the best lawsuit loan companies in the industry. Their unparalleled quality in the legal funding field that puts them ahead of their competition is due to their exceptional team of underwriters, their wisely chosen relationships with heavy hitters in the industry, their prime base of investors and their varied risk profile.

What Is A Lawsuit Loan

An advance for a settlement is a funding accord that is non-recourse in nature. What this means is that you do not have to refund the advance payment given to you. Advances for settlements are investments in the result of your claim. The firm is paying the advance because they believe that you will win your case.

In What Ways Can Legal Financing Help

Advances for settlements assist in bridging the disparity between the time of your accident and the time your case is settled. If the injuries you sustained during an accident makes you unable to work and unable to pay your bills, then an advance for a settlement would be very useful. An advance for a settlement allows you to pay for your daily expenses and provides your lawyer with sufficient time to make certain you get the best settlement rather than accepting a settlement right away because you are in immediate need of funds.

What Is The Amount You Can Receive

The largest advance amount that legal financing firms provide is ten percent of what the award will be if you win the case. Your lawsuit’s size and some other important singular data are factors in determining the amount of the advance. If Baker Street Funding approves the legal financing application, they will provide the advance amount themselves. But if they disapprove the application, they work with firms who provide financing between five hundred and one thousand dollars.

What Information Should Your Lawyer Provide

Your lawyer would usually provide the details of the case, the approximate date he expects the case to be settled and the amount he expects the settlement will be.

How Quickly Is The Application Processed

Baker Street Funding quickly processes all applications. The application can be approved immediately after they talk to your lawyer. The advance can be given a day after your lawyer provides the documents of the case or the settlement agreement that has been signed.

Does Having No Job Or Having Bad Credit Disqualify You

Settlement financing is a funding accord that is non-recourse in nature. It focuses primarily on the result and merits of your lawsuit. Therefore, there are no payments to be made monthly, you will not be subjected to a credit background check and you are not required to have a job.