Ally Lawsuit Loans Blog

How Does Child Support Affect My Personal Injury Settlement? 

Most people expecting a personal injury settlement want to know if their other debts will affect the amount of their recovery. Certain unpaid debts can negatively impact your settlement. If you are currently paying child support, you may be wondering, Can child support take settlement money? When you recover compensation in a personal injury lawsuit, the settlement is designed...

personal injury lawsuit loans

A personal injury loan is a financial tool that helps plaintiffs get cash pre-settlement. Unlike a traditional loan, the interest rate for lawsuit settlement advances is based on the strength of the case, not your credit history. They are also non-recourse which means if you lose your case, you do not owe repayment. According to data provided by the...

cash advance on pending lawsuit

As with any financial decision, it's important that you get all the facts before making the decision to seek pre-settlement funding. Read to learn more about Pending Lawsuit Loans. If you're considering getting a pending lawsuit loan, you're not alone. Every day we provide cash advance on pending lawsuit settlements to plaintiffs across the county. Because civil lawsuits like...

Are Non-Recourse Loans Taxable?

Non-recourse loans are not taxable and are treated differently by the IRS from recourse loans. Non-recourse loan tax consequences will be different from those of recourse loans.  Depending on the type of loan, you may still owe taxes on part of it even if you default. When a non-recourse loan defaults, is canceled, or is forgiven, the borrower is...

Can I get my settlement money early

Pursuing a personal injury claim can be time-consuming. You may be waiting to reach an agreement via settlement negotiations. Or your case may be going to trial. If you have a pending case in litigation, it could take a year or more before it resolves and you see any financial compensation. Understandably, many injured victims want to know if...

3M Earplug Lawsuit Loans

3M has supplied the United States military with earplugs for decades. As it turns out, many of those earplugs were defective. Because they were defective, countless veterans suffered hearing loss and tinnitus after using them around weaponry. Over the years, more than 230,000 servicemen and women used the earplugs. While 3M stopped sales of the earplugs in 2015 and...

how many pre-settlement loan can i get

Pre-settlement lawsuit funding exists to help injured victims pay their bills and support themselves while they are waiting for their settlement check. Unfortunately, in many cases, it can take months or even years for plaintiffs to get a full and fair settlement from defendants or insurance companies. Of course, your bills are not going to wait that long for...

common misconceptions about lawsuit loans

If you are in the middle of a lawsuit, you may realize that your finances are dwindling and your stress levels are increasing. You are probably trying to figure out how you will cover your bills while you wait for the outcome of your case and monetary recovery. A loan on a lawsuit is a way to get money...

Is a lawsuit loan actually a loan

It's Not Technically A Loan No. What we offer is a non-recourse cash advance against your potential lawsuit settlement. Non-recourse means that if you "lose" your lawsuit, and you don't get a settlement, you have no obligation to repay us. This is the key difference between what we offer and what is traditionally thought of as a loan. Because repayment...

settlement checks

If you are waiting for your settlement check, you may be wondering, how long can a lawyer hold money in escrow? Litigation can last for months or years, so you probably felt excitement when you finally reached a settlement. However, your settlement award may be harder to access than you imagined. For instance, some lawyers hold your settlement check...