Airplane Accident Lawsuit Loans

Airplane accident lawsuit loans

If you have a pending airplane accident lawsuit, you're likely worried about covering living expenses and bills.

Airplane accident lawsuits can take years to resolve, which means you are stuck waiting for any financial compensation in the meantime.

However, there is another option to consider. Legal funding, such as airplane accident lawsuit loans through Ally Lawsuit Loans, can help ease your financial struggles while litigation is pending.

Although pre-settlement funding is typically referred to as a lawsuit loan, it is not a traditional loan as you might think of it.

The primary reason it’s not a conventional loan is that you are not obligated to repay the funding should you lose your case.

An airplane accident lawsuit loan is a non-recourse cash advance. For simplicity's sake, the industry typically refers to it as a loan. It's doubtful that many people know the term non-recourse cash advances.

Plane travel is a convenient and safe way to travel. However, aviation accidents do happen. Many of these accidents have catastrophic results.

No one ever prepares for a family member to have an aviation accident. If you or a loved one suffered injuries in an airplane accident, your family could have legal rights.

Multiple federal laws protect people in the event of an aviation-related accident. Speak with an experienced personal injury attorney near you to learn more.

Common Causes of Airplane Accidents

Aviation accidents can involve commercial and noncommercial aircraft, including helicopters, charter flights, and small planes.

Human error is responsible for around 80% of airplane accidents, including pilots, air traffic controllers, and mechanics. About 20% of accidents are due to equipment failures or other mechanical issues.

Potential causes of aviation accidents include:

  • Pilot negligence,
  • Violation of Federal Aviation Administration (FAA) regulations,
  • Structural or design problems with the plane,
  • Air traffic control negligence, and
  • Failure to complete necessary repairs.

Contacting a skilled personal injury lawyer near you following an aviation-related accident is crucial. They can help you file a lawsuit for an airplane accident to avoid missing important deadlines.

How Airplane Accident Lawsuit Loans Work

An airplane accident lawsuit loan will provide you with the necessary cash to cover bills and living expenses while your case is pending against the responsible parties.

Aviation accident litigation is complicated, so it often takes years to resolve these legal matters. The monetary assistance from a lawsuit loan can provide necessary financial relief for your family.

At the same time, you can wait for your attorney to negotiate the maximum settlement possible in a lawsuit for an airplane accident.

As previously noted, airplane accident lawsuit loans are not repaid should you lose your case.

That means there is no repayment schedule, no bill collectors harassing you, and no negative marks on your credit.

An airplane accident lawsuit loan is an entirely risk-free option to get money from your future lawsuit settlement.

The interest rate you receive is not dependent on your creditworthiness. There won't be any credit inquiries or employment checks.

If your attorney negotiates a successful settlement or a jury issues an award, repayment of your lawsuit loan will come from that amount.

How an Airplane Accident Lawsuit Loan Can Assist You

Applying for a lawsuit loan through Ally Lawsuit Loans is straightforward. Within a couple of days of starting the process, you could have your funds.

Legal funding companies like Ally Lawsuit Loans provide you with an easy option to get cash now, allowing your attorney to continue with litigation. Not all cases will qualify for pre-settlement legal funding, but many do.

Before your attorney can negotiate a successful settlement, you must prove liability against the defendants.

That is why our representatives will contact your attorney to learn more about your case and the likelihood you will recover compensation. If we approve your funding, you can use the money in various ways.

For example, you might:

  • Pay medical bills;
  • Replace your lost wages;
  • Pay your rent or mortgage;
  • Cover other living expenses; and
  • Make your car payment, pay insurance, and pay registration.

Once your lawsuit loan is approved, the money is yours to spend as you please. There's no stipulation on what you can use the loan for.

Your case will likely be tied up in litigation for years. Bill collectors aren't waiting until your case resolves to pursue their payments.

The defendants' insurance companies know the stress of added financial pressure during litigation and often use that information in their favor.

The claims adjuster or defendant's attorney may offer you a lower amount to entice you to resolve your case now.

Airplane accident lawsuit loans offer injured victims a way to stay afloat financially while fighting to ensure the responsible parties pay for the damages they caused.

How Much Funding Can You Receive in an Airplane Accident Lawsuit?

The amount of funding you could receive depends on the specifics of your case. Another passenger on the plane might be eligible to receive more or less than you. Some factors that will play a role in determining your case value and the potential funding you might receive include:

  • Type and severity of your injuries;
  • Whether your injuries are temporary or permanent;
  • Your total medical bills, including expected future treatment;
  • Your lost wages;
  • Loss of earning capacity;
  • Who is liable;
  • Available insurance coverage limits; and
  • Your total damages, including pain and suffering.

The more severe your injuries are, the more your case is likely worth. Your attorney will discuss the specifics that make up your overall case value.

Applying for Airplane Accident Lawsuit Loans with Ally Lawsuit Loans

Are you interested in learning more about an airplane accident lawsuit loan? To apply, contact one of our helpful agents by phone or fill out the form online.

You will need to share some basic information about yourself and your pending case. Next, we will speak with your attorney to review your case.

Assuming your case is a good fit for funding, Ally Lawsuit Loans will approve funding right away.

That means you could have your money within 24 hours of approval. Ally Lawsuit Loans offers some of the lowest interest rates in the industry.

We can beat other companies by keeping our rates as low as possible without hidden fees or unfair financing charges.

We understand what a challenging and stressful time this is for you and your family. Let us be the ally you need right now. Contact Ally Lawsuit Loans today.

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