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 Centers for Disease Control and Prevention (CDC), Americans make approximately 39 million emergency room visits for accident-related injuries every year. When a person sustains a serious injury because of the reckless or careless actions of another party, they may be eligible to recover financial compensation through a personal injury claim. Unfortunately, even if you have a case that you are virtually guaranteed to win, it can take a considerable amount of time for a personal injury lawsuit to reach a settlement. Waiting for a settlement check can put a tremendous financial burden on an injured victim and their family. At Ally Lawsuit Loans, our team provides the most affordable personal injury lawsuit loans for plaintiffs who are waiting for their settlement. We know that the personal injury claims process can be long and stressful. Our company is here to relieve some of the financial pressure from you and your family. We offer immediate, affordable personal injury settlement funding nationwide. If your bills are piling up while you are waiting for your personal injury settlement, please contact our team to learn more about your financial options. Everything You Need to Know About Injury Loans in 70 Seconds We Fund the Full Range of Personal Injury Claims If you suffered a serious injury because of the negligent or reckless conduct of another party, our company can offer a pre-settlement loan to help you pay for your medical care and cover your living expenses while your legal case is still pending. At Ally Lawsuit Loans, we provide pre-settlement funding for the full range of personal injury claims. Among other cases, you may be able to obtain a personal injury lawsuit loan for: Car accidents; Commercial truck accidents;Motorcycle wrecks;Bike accidents;Pedestrian collisions;Bus accidents;Work injury lawsuits; Workers’ compensation claims;Medical malpractice lawsuits;Nursing home abuse or neglect;Slip and fall accidents;Premises liability claims;Dog bite injury lawsuits;Dangerous or defective product claims;Defective medical device claims;Dangerous drug lawsuits; andWrongful death claims If your specific type of personal injury cases is not listed above, you may still be eligible to get pre-settlement funding. For more information about your individual claim, please call our lawsuit financing specialists right away. Why You Should Apply for a Personal Injury Lawsuit Loan Applying for a personal injury lawsuit loan is free, and lawsuit loans can be hugely beneficial. Primarily, since many personal injury cases take months or even years to settle, personal injury settlement loans help tie the victims over until the end of their case. Qualifying is Simple At Ally Lawsuit Loans, we understand that life won’t wait for a settlement. Waiting for that check puts a significant burden on an injured person and their family. If your case is strong, you are more likely to qualify for a pre-settlement loan. We do not look at your financial history. That means no credit checks, no upfront fees, and no employment confirmation. Our goal is to offer settlement advances for any victim injured by the negligence of another. Applying is Quick & Easy When you or a loved one suffers an injury, medical bills, mortgage or rent payments, and everyday living expenses pile up quickly. Our company understands that bills do not stop for your personal injury case. That is why at Ally Lawsuit Loans, we can qualify you for a pre-settlement loan within 24 hours. Our application process is smooth and easy, so you can focus on your case. Borrowing is Risk-Free Personal injury victims often worry about what happens if they lose their case. The last thing you need when you lose a case is to be stuck with a loan you can’t afford. At Ally Lawsuit Loans, we secure our loans by your future settlement, so we bear the risk of that claim. We offer a 100% risk-free personal injury lawsuit loan. If you do not win your case, then you do not need to pay back the loan. You only pay us if you win your case. Paying Bills is Crucial Personal injury lawsuit loans help fill financial gaps while you wait for your case to settle. At Ally Lawsuit Loans, our personal injury settlement loans provide financial protection for you and your family while you resolve your personal injury claim. We want to make sure that you get what you need to cover your bills. Our personal injury lawsuit loans can cover medical bills, living expenses, and more. We offer fair, affordable funding options to victims awaiting a personal injury settlement check. We also have the lowest guaranteed rate in the industry. Maximizing Case Value is Beneficial Insurance companies may offer lower settlement amounts to victims. They do this to get a financially desperate victim to accept the lower amount. At Ally Lawsuit Loans, we empower plaintiffs to resist this manipulation. Our personal injury lawsuit loans help you survive the entirety of the lawsuit without sacrificing the value of your case. ❓ What’s the Difference Between Personal Injury Settlement Loans and a Regular Loan? Personal injury loans are very different from traditional loans. Most traditional loans hold borrowers liable for repayment no matter the circumstances. In contrast, personal injury settlement loans are non-recourse, which means you do not have to repay them if you lose your case. Your attorney pays the lender back with part of your settlement at the end of the case, so the funding process is simple. When you apply for an injury loan through Ally Lawsuit Loans, we never do a background or credit check. We also don’t charge any upfront fees. After you complete your application, we review the case with your attorney to see if a personal injury loan is right for you. If approved, you can […]
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When you get injured in an accident, you might struggle to keep up with your finances. Since many personal injuries take a while to recover from, you may not have enough money to pay for medical bills, rent, utilities, groceries, or other expenses. Thankfully, you don’t need to suffer through financial strain while waiting for your settlement. At Ally Lawsuit Loans, we provide plaintiff legal funding for those who can’t wait for their settlement. What is Legal Funding? Plaintiff legal funding, often referred to as pre-settlement lawsuit loans, are cash advances sent to plaintiffs with an active lawsuit in exchange for a portion of their settlement. Unlike regular loans, lawsuit loans do not require a credit check or income verification. In addition, they are non-recourse, which means you don’t have to pay back the loan if you lose your case. Plaintiffs use legal funding to pay for many types of expenses while they wait for a settlement, including any medical treatment they receive due to their injuries, general living expenses, and even legal fees. Steps to Receive Plaintiff Legal Funding If you need cash to keep you afloat after being injured in an accident, here are the steps you need to take to receive plaintiff funding. Retain Legal Representation In order to qualify for a lawsuit loan, most reputable lenders require you to have a lawyer and have an active lawsuit against another party. If you file a lawsuit and decide to represent yourself, you cannot get legal funding. Discuss Plaintiff Legal Funding With Your Lawyer Once you have a lawyer, discuss your funding options with them. Your personal injury lawyer will help you determine whether a lawsuit loan is right for you or if you have any other options. Typically, individuals who cannot work and don’t have enough money to pay for basic living expenses use legal funding more often than those who have cash reserves. Apply for Legal Funding Submit an application for plaintiff legal funding to a trusted lawsuit loan lender. At this stage, the lender reviews the details of your case to determine if you qualify for your requested loan amount. Ask Your Lawyer to Send Case Information to the Lender Before the underwriting process begins, your lawyer must send case information to the lender. This helps the lender determine the strength of your case and the likelihood of you receiving a settlement. Make sure to tell your lawyer about your application before you submit it. Get Approved and Receive Your Cash At Ally Lawsuit Loans, we approve most applications within 24 hours. Once approved, there aren’t any extra origination fees or out-of-pocket costs. We send you cash advance immediately by wire transfer, check, or money order; whichever you prefer. Contact Ally Lawsuit Loans Today We understand the stress and anxiety that plaintiffs go through while recovering from their injuries. You shouldn’t have to suffer from financial instability after an accident. At Ally Lawsuit Loans, we provide pre-settlement legal funding to plaintiffs while they wait for the outcome of their lawsuit. Whether it is an auto accident, a workers’ compensation claim, or medical malpractice, we are here for you. We have the lowest interest rates in the industry and offer 100% risk-free loans. That means if you lose your case, you don’t have to repay anything. Apply for a lawsuit loan online today or give one of our specialists a call at 844-545-6246 to learn more about our plaintiff legal funding.
In some states, bars and other businesses that sell alcohol may be liable for the negligent actions of intoxicated customers. Dram shop laws allow plaintiffs to bring a lawsuit against a business that sells alcoholic drinks if they served someone too much alcohol leading to the injury of another party. Dram shop laws are named after a historical unit of measurement for alcohol sales. Like most personal injury cases, dram shop lawsuits qualify for pre-settlement funding if the plaintiff sustains injuries due to the negligence on another. What is a Dram Shop Lawsuit? Typically, plaintiffs file a dram shop lawsuit against a business if they serve someone too much alcohol who then injures the plaintiff. There are two types of dram shop cases: first-party cases and third-party cases. First-Party Dram Shop Cases A first-party dram shop case is when an intoxicated customer sues a bar or restaurant for overserving them alcohol leading to their own injury. Many states do not allow first-party dram shop cases and presume that the individual who drinks is liable for their own injuries. However, some states allow minors to file a first-party dram shop lawsuit. Since minors aren’t allowed to legally drink, the person who serves them alcohol becomes responsible for the minor’s actions. Third-Party Dram Shop Cases A third-party dram shop case is when an intoxicated customer injures someone else. The most common example is when a bar overserves a customer who then injures another person in a car accident. The victim of the car accident may sue the bar for the actions of their customer. While most states allow these types of cases, each state has unique requirements for proving liability. Liability in a Third-Party Dram Shop Case Most dram shop cases base liability on negligence. However, some states require the victim to prove that the defendant acted recklessly or intentionally. For example, a victim might have to prove that a server acted recklessly by intentionally serving alcohol to a patron that is minor or intoxicated. In addition, they must prove that the server consciously disregarded the obvious risk of overserving the patron. In states that require proof of intentional conduct, the victim must prove that the server knowingly gave alcohol to a minor or a habitually addicted patron. Some states go further and expect proof that the server knew the minor or patron would be driving soon after they drank. How to Get Pre-Settlement Funding for Dram Shop Lawsuits If you suffer injuries due to the negligent, reckless, or intentional disregard of a business that overserved alcohol, you may qualify for lawsuit funding. At Ally Lawsuit Loans, we provide plaintiffs funding for all kinds of personal injury cases, including dram shop lawsuits. We offer the best interest rates in the industry and 100% risk-free lending. If you don’t win your case, you pay back nothing. To apply for dram shop lawsuit funding, give us a call at 844-545-6246. We approve the most applications within 24 hours and can send you to cash in the form of a check, money order, or wire transfer.
Searching for the best lawsuit loan company? The truth is that there are plenty of good pre-settlement funding providers. But, there are also fly-by-night companies that you’d be wise to avoid. Here, we’ll look at 10 of the the most reputable settlement loan companies, and examine the most important questions for you to ask before making your decision. If you need immediate cash while waiting to settle your lawsuit, you’re probably aware that there are several pre-settlement loan companies who want a portion of your future settlement in exchange for a cash advance today. It is essential that you know how to separate the best pre-settlement loan companies from the less reputable ones. The lawsuit loan company you choose has an impact on the amount of money you receive from your settlement, so it’s very important to do research into potential lenders to make sure the company you choose is a good fit. Here’s how to find the best lawsuit loan companies for your case. 10 of the Best Lawsuit Loan Companies Below is a list of the top 10 settlement loan companies to compare when shopping around for lawsuit funding. Click on each lawsuit loan company to read about reviews around the web. Make sure to consider all of your options. Ally Lawsuit Loans (what can we say, we’re biased 😊)Peachtree Financial SolutionsOasis Legal FinanceThe Legal Funding GroupBuckeye Legal FundingPrime Case FundingMomentum FundingFair Rate FundingCase CashCherokee Funding Top 5 Questions to Ask Before Choosing the Best Lawsuit Funding Company for You While looking for the best lawsuit funding companies, it is important to ask each lender questions that help you gauge the potential cost of the loan. Asking these questions will help you choose the best lawsuit pre-settlement loan company. 📊 #1: How Do You Set Interest Rates on Pre-Settlement Loans? The best lawsuit loan companies determine interest rates on a case-by-case basis based on the strength of each case. Interest rates largely depend on the likelihood of your case resulting in a good settlement or verdict. Do not work with a pre-settlement funding company that charges the same interest rate for every customer. 📈 #2: What is the Interest Rate for My Pre-Settlement Cash Advance? When you get an offer for pre-settlement funding, a lender should tell you upfront what your interest rate is before you sign paperwork. The best lawsuit funding companies will usually give you an interest rate between 1-3% monthly. If a lender gives you a rate higher than 3%, consider looking for another offer. 📄 #3: What Are the Terms and Conditions of the Loan? Since filing for a lawsuit is very overwhelming, the terms and conditions of pre-settlement funding should be simple. The best settlement loan companies offer clear, concise terms and conditions for their loans. Never work with a lender that refuses to answer questions about the terms of your loan. 💬 #4: Will You Discuss My Funding Application With My Lawyer? Before you get a pre-settlement loan, you need to be represented by a lawyer and have a lawsuit filed on your behalf. The best lawsuit loan companies will always ask to speak to your lawyer about your case when you apply for funding. Your lawyer gives the lender information about your case to assist in case evaluation and underwriting. ⏱ #5: How Quickly Will I Get My Pre-Settlement Cash Advance? Since reputable settlement loan companies don’t require a credit or background check, most lenders transfer money to you within 24 hours of approval. Why You Should Choose Ally Lawsuit Loans If you are trying to find the best lawsuit loan companies, consider funding from Ally Lawsuit Loans. At Ally Lawsuit Loans, we understand how difficult it is to maintain financial stability during a lawsuit. We provide legal funding for those waiting on their settlement for cases ranging from personal injury to workers’ compensation. Lowest Rates Guaranteed No matter what type of case you have, we guarantee the lowest rate in the industry. If you find a low-interest rate while searching for the best pre-settlement loan companies, we will beat it. Risk-Free Settlement Advances Our loans are 100% risk-free. That means if you don’t win your case or get a settlement, you pay us nothing. Quick and Easy Application Assuming your case is a good fit, we send you a cash advance within 24 hours of application approval. Apply for a Settlement Advance with Ally Lawsuit Loans Today If you need a risk-free, low-interest rate loan to keep your head above water while waiting for a settlement, give Ally Lawsuit Loans a call today at 844-545-6246 or apply now. We offer the lowest interest rates in the industry and provide cash advances within 24 hours of approval.
If you receive a settlement from a personal injury case involving a car accident, you might be wondering if you owe any taxes on your settlement earnings. According to the IRS, if you receive a settlement due to physical injuries or sickness and don’t take an itemized deduction for medical expenses due to the injury, your settlement isn’t taxable. So, are car accident settlements taxable? However, there are some exceptions to this rule depending on the details of your personal injury case. In this article, we will explore the different factors in your case that affect the taxability of your settlement earnings. What Portion of My Car Accident Settlement is Taxable? Your car accident settlement might be taxable in certain instances. The type of compensation the IRS finds taxable in personal injury cases includes: Lost wages;Damages due to emotional distress;Punitive damages; andInterest earned on a settlement. Since lost wages replace what you would have earned working, the IRS considers this type of compensation as regular wages. In fact, the IRS taxes compensation for lost wages similarly to regular wages. However, if you receive multiple years of lost wages in your settlement, you might be taxed as part of a different tax bracket. For example, if you usually earn $30,000 per year and you receive $90,000 of lost wages in your settlement, your federal tax bracket changes from a 12% income tax rate to 24%. What Parts of My Car Accident Settlement are Tax-Exempt? Usually, compensation for physical injury isn’t taxable in a car accident settlement. Whether you settle your case before or after filing a lawsuit, you don’t have to pay taxes on your settlement earnings. Generally, any damages you recover as a result of an injury or illness aren’t taxable at the state or federal level. This includes pain and suffering in many cases. How to Reduce Your Car Accident Settlement Tax Obligation If you work with an attorney, you might be able to reduce or even eliminate your tax obligation. To reduce the number of taxable earnings in your settlement, ensure that you classify your damages carefully. You might also consider exploring structured settlements instead of a lump sum settlement. Since structured settlements split your compensation into multiple installments, you may be able to exclude some of your settlement earnings from your current tax year. Need Help Paying Bills While Waiting for a Settlement? Apply for Funding Through Ally Lawsuit Loans Today If you sustain injuries in a car accident, you might not know how to keep financially afloat while you recover. While waiting for your personal injury settlement, expenses like medical bills, attorney’s fees, rent, and more might pile up, especially if you can’t work. If you ever find yourself in this position, consider pre-settlement legal funding from Ally Lawsuit Loans. Our loans give plaintiffs peace of mind while they wait for their lawsuit to settle. Not only do we guarantee the lowest rates in the industry, but we also offer risk-free funding. If you don’t win your case, you don’t have to pay us back. If you would like to apply for a lawsuit loan or want to know if your potential car accident settlement is taxable, give us a call at 844-545-6246. We deliver cash to applicants within 24 hours of approval.
Like any accident, hit-and-runs leave a devastating impact on your physical and financial well-being. If you sustain injuries from a hit-and-run accident, you might need help paying for medical treatment or other living expenses while you recover. Thankfully, pre-settlement funding can help you keep you financially afloat while you wait for your hit-and-run lawsuit to settle. Here’s what you need to know about hit-and-run injury claims and how a lawsuit loan may help. What to Do If You Are a Victim of a Hit-and-Run If you ever get hit by a driver and they flee the scene, immediately contact the police. When the police find the suspect, you may file a claim against their insurance company. However, if the police cannot find the driver, you must file a claim with your auto insurer. In the event of a hit-and-run accident, you should follow these steps to ensure your safety and build your case: Call 911 and request an ambulance if you are injured;Try to write down as much information as you can about the suspect’s vehicle including the model, year, color, and license plate number;Get checked out by a doctor even if you don’t have serious injuries to make sure you don’t have any internal injuries;Take photos of the scene, including your injuries and damage to your vehicle;Record statements from potential witnesses who saw the accident; andContact a personal injury attorney before speaking with the insurance company. If you end up filing a hit-and-run lawsuit, this information may help strengthen your claim. Do not take any blame for the accident or allow the insurance company to take a recorded statement. They might use this information to lower or completely deny your claim. Check Your Insurance Policy for Uninsured Motorist Coverage Make sure you check your auto policy to see if you have uninsured motorist coverage (UIM). This type of coverage typically covers damage you or your car sustains in a hit-and-run accident, especially if police cannot catch the suspect. This portion of your policy also covers medical treatment costs, lost wages, and other damages if you have injuries. Apply for Legal Funding Through Ally Lawsuit Loans Today We understand how difficult it is to recover after suffering injuries in a hit-and-run crash. Often, these injuries put you out of work, causing bills to pile up as you receive treatment. At Ally Lawsuit Loans, we provide pre-settlement funding to plaintiffs who cannot wait for their hit-and-run lawsuit to settle. Our risk-free loans provide cash to you for a variety of expenses while you recover, including rent, groceries, medical bills, legal fees, and more. Most importantly, you don’t have to pay back the loan unless you win your case. If you have any questions about our hit-and-run lawsuit loans or would like to apply, give us a call at 844-496-6446. We guarantee the lowest interest rates in the industry and provide cash to approved applicants within 24 hours.
While traditional lawsuit loans help in certain situations while waiting for your settlement, medical emergencies may leave you struggling financially regardless. Even when you have health insurance, certain types of treatment might exceed your coverage or not be covered at all. If you cannot pay for your treatment after receiving it, a medical lien might be taken out by the hospital or healthcare provider on your personal injury lawsuit. A medical lien, much like other liens, entitles the hospital to a portion of your settlement to pay for your treatment. However, once the provider places a medical lien on your personal injury lawsuit settlement, they might refuse to give you further treatment until you pay to remove the lien. If you ever find yourself in this situation, medical lien funding may help you continue to get the care you need. How Does Medical Lien Funding Differ from Other Pre-Settlement Lawsuit Loans? Medical lien funding, much like pre-settlement lawsuit loans, is a cash advance given to plaintiffs for a portion of their settlement. However, they differ slightly from traditional lawsuit loans. A company that provides medical lien funding usually purchases the lien from the hospital or healthcare provider who installed it on your lawsuit. The funder then pays the provider for your ongoing care, using a portion of your settlement as collateral. However, this type of personal injury lien funding shares some aspects with traditional lawsuit loans. Much like regular legal funding, medical lien funding must be paid back with interest using a portion of the settlement. In addition, if you do not win your lawsuit, you don’t have to pay the medical funding agency back. How Do I Qualify for Personal Injury Lien Funding? To be considered for medical lien funding, you must have an active lawsuit over an accident that’s not your fault. You must also have an attorney retained for your case. Need Help While Waiting for Your Settlement? Consider Legal Funding from Ally Lawsuit Loans When you suffer injuries in an accident, you might have trouble paying for things while you recover or receive treatment. If you need help staying financially afloat while you wait for your personal injury settlement, pre-settlement funding from Ally Lawsuit Loans can help. Our pre-settlement lawsuit loans help plaintiffs pay for many kinds of expenses while waiting for their case to settle, including medical bills, rent, groceries, or other living expenses. Most importantly, our loans are risk-free, meaning you don’t pay us back unless you win your case. If you would like to ask questions about personal injury lien funding or would like to apply for a pre-settlement lawsuit loan, give us a call today at 844-545-6246. We guarantee the lowest interest rates in the industry and send cash to approved applicants within 24 hours.
While conventional loans have been around for a long time, lawsuit loans are relatively new. For the most part, lawsuit lending is unregulated at the federal level. However, some states have strict laws in place for lawsuit lenders to protect borrowers. Since lawsuit lenders remain mostly unregulated, you must take extra care when applying for a lawsuit loan. Here, we discuss how a lawsuit loan works and what regulations exist at both the state and federal level. What is a Pre-Settlement Lawsuit Loan? A lawsuit loan is a cash advance that lenders send to plaintiffs in exchange for part of their future settlement. Typically, lenders give these loans out to those who already have a lawyer retained and have an active lawsuit. If you get a lawsuit loan, the lender expects you to pay it back, with interest, once you receive your settlement or judgment. Plaintiffs often use a lawsuit loan to pay for expenses while they wait for their settlement, including legal fees, medical bills, rent, and more. Some people criticize the legal lending industry due to their high fees and lack of transparency. This often makes applying for lawsuit loans difficult since so many lenders aren’t honest about fees, interest rates, or terms. At Ally Lawsuit Loans, we provide our clients with this information upfront. State and Federal Lending Laws and Regulations Unlike other types of lending institutions, legal lending isn’t regulated by the federal government. However, a few states have consumer protections in place due to recent legislation. The lawsuit lending industry argues that it shouldn’t be regulated because lawsuit loans technically aren’t loans because they are non-recourse. Non-recourse means that if the plaintiff loses their case, they don’t need to repay the loan. Instead, the lenders consider the loan purchase of potential proceeds from a future settlement. In Many States, Lawsuit Lending is Unregulated The amount of regulation differs across the country, but most states don’t regulate lawsuit lending. For example, in Texas, legal lending isn’t regulated at all and it’s very easy to obtain a lawsuit loan in the state. This is due to the fact that Texas helped popularize contingency fees for legal representation in the US. California handles legal funding a little differently. While the state allows most forms of lawsuit loans, they restrict funding for workers’ compensation cases. They do this because in workers’ compensation cases the plaintiff and their attorney both receive checks for attorney’s fees and the plaintiff’s portion. This means that the lender cannot secure their lien against the trust account of the attorney. In contrast, Colorado heavily regulates the legal lending industry. In 2015, the Colorado Supreme Court ruled that lawsuit loans count as traditional lending. Thus, legal lenders must follow the same laws as traditional lenders in the state. Find Out if a Lawsuit Loan is Right For You At Ally Lawsuit Loans, we hold ourselves to the highest standards with transparent, risk-free lending. Like many other legal lenders, we offer non-recourse loans that you don’t have to pay back unless you win. However, we guarantee the lowest interest rates in the industry. If you have any questions about pre-settlement lawsuit loans or would like to apply for funding, give one of our lending specialists a call at 844-760-0244. Once approved, we send you cash within 24 hours.
If you’re considering getting a pending lawsuit loan, you’re not alone. Every day we provide cash advances on pending lawsuit settlements to plaintiffs across the county. As with any financial decision, it’s important that you get all the facts before making the decision to seek pre-settlement funding. Below you’ll find 6 important facts to help you make an informed decision. Because civil lawsuits like personal injury or employment law claims lawsuits can take months or even years to resolve, plaintiffs often face financial hardships, especially if a claim-related injury prevents them from working. If you are in this situation, getting a cash advance against your pending lawsuit could help. Settlement loans help plaintiffs regain financial independence while they wait for a settlement. Pending lawsuit loans can even help you get a higher eventual settlement by taking the pressure off of your attorney to settle your case faster for a lower value. Any reputable lawsuit loan company ought to be fully transparent about the application process and the overall cost of a cash advance on a pending lawsuit. Here are 6 important facts about pending lawsuit loans that you ought to know before you apply. 📊 #1: Pending Lawsuit Loans Are 10-20% of Your Case Value Typically, most lenders disburse a cash advance on a pending lawsuit equal to 10-20% of the settlement value. They determine this amount based on the severity of your injuries, the length of your case, and your own estimate. To get the best estimate, discuss the value of your potential settlement with your attorney before applying for a pending lawsuit loan. 📈 #2: Lenders Put High-Interest Rates on Pending Lawsuit Loans There are sharks in the lawsuit loan industry who charge upwards of 200% interest. Don’t select a lender that charges more than 1-3% monthly or 12-36% annually. Only take out a cash advance for a pending lawsuit that covers basic living expenses and necessities. 💰 #3: Pending Lawsuit Loan Brokers Have Expensive Service Fees Always avoid working with brokers that deal with direct loan companies. These brokers usually add 15-20% to the cost of your pending lawsuit loan. They also send your case information to dozens of companies who may call your attorney without your consent. This unnecessarily diverts your attorney’s attention from your case. 📄 #4: Lenders Cannot Disburse Pending Lawsuit Loans Until They Review Case Documents from Your Attorney Make sure you collect the following case documents from your attorney prior to applying for a pending lawsuit loan: Medical reports;Police reports;A copy of your complaint; andYour demand letter. Most lenders request this information from your attorney when reviewing your application. To save time waiting for your cash advance on a pending lawsuit, prepare these documents before you apply for a pending lawsuit loan. 💬 #5: Your Attorney Will Respond to Lenders Faster If You Talk to Your Them Before Applying Always give your attorney a heads-up before applying for a pending lawsuit loan. This helps them prepare documents requested by the lender. Since lenders cannot disburse your cash advance until they review your case, you should keep your attorney and your lender in sync. Related: Lawsuit Loans Without an Attorney ⏱ #6: Getting a Cash Advance on Your Pending Lawsuit Could Buy Your Attorney Time to Reach a More Favorable Settlement Our clients frequently tell us that because they were able to get immediate cash against their lawsuit, their attorney actually was able to achieve a higher settlement than they would have in the absence of the lawsuit loan. In most civil claims, the defendant (normally an insurance company) wants the plaintiff to settle quickly. This is because a fast settlement typically means that they expend less resources, and get away with a lower settlement. If financial stress is causing your attorney to consider taking a lower settlement offer for your case, a pre-settlement cash advance may be the perfect solution to buy them time to keep applying pressure, and ultimately achieve a higher payout. Contact Ally Lawsuit Loans to Apply for a Pending Lawsuit Loan Today If you need a cash advance on a pending lawsuit to help with bills or living expenses, contact Ally Lawsuit Loans. We have the lowest interest rates in the industry and review applications within 24 hours. In addition, we work on a contingency fee basis, which means you repay nothing if you lose your case. To apply for a risk-free, low-interest rate pending lawsuit loan, call us today at 844-545-6246 or apply now.
If you need pre-settlement funding for your lawsuit, it is essential to shop around for the best lawsuit funding rates. Many legal funding companies offer pre or post-settlement loans and cash advances to plaintiffs in exchange for a portion of their settlement. In many cases, lawsuit loans help people avoid financial difficulties like foreclosure, eviction, utility shut off, bankruptcy, and debt collection. However, since pre-settlement loans often cost more than a personal loan from a bank, you should make sure to get the best pre-settlement funding interest rates. What Are Typical Lawsuit Funding Rates? Lawsuit funding rates depend on the value of your case and the amount of risk associated with it. Since lending money towards a legal settlement is very high, interest rates are usually higher than a personal loan. The return for lawsuit loan lenders is contingent on you winning your case, so there’s a chance that they lose their money. For example, if you pay back a $5,000 lawsuit loan with a monthly interest rate of 3% in six months, the lawsuit loan lender gets $5,900 from your settlement. However, they do not get a full $900 return. Most lenders have a loss of 8-10% in addition to the money they pay to borrow capital. In the case of the $5,000 loan above, the lender has $300 in costs and $472 in losses. This means that it costs the lender $5,772 to give you the loan. Once you pay back the loan with interest, they only make $128. For this reason, most pre-settlement funding interest rates are 1-5% monthly. How Much Will My Funding Cost? The cost of your funding depends on the value of your case and how much funding you need. These two factors help a lender determine their lawsuit funding rates. If your case carries high risk, you may have a higher interest rate. Are There Any Hidden Fees or Rates? At Ally Lawsuit Loans, there are no hidden fees or rates. However, other lawsuit loan lenders may charge additional processing fees for their cash advances. Make sure to ask about potential fees when shopping around for the lowest pre-settlement funding rates. How to Get the Best Lawsuit Loan Interest Rate If you want to get the best lawsuit funding rates, you should find a reputable lawsuit loan company that answers your questions upfront. Here are some ways you can ensure you get the best rate. Ask the Lender What Their Pre-Settlement Interest Rates Are It is important to ask every lender what their rates are over the phone or through email. Advertisements provide a range of rates because the rate often depends on the case. Get Lawsuit Funding Rates in Writing When a lender offers you a rate, always ask for the quoted rate in writing. This will help you shop around for the best interest rate and prevent deceitful lenders from making a false claim on their pre-settlement funding rates. Get Funding Through Ally Lawsuit Loans Today At Ally Lawsuit Loans, we make the lawsuit loan application process easy. Whether you suffer from a personal injury or are fighting for workers’ compensation, we are here to help you maintain financial stability. We offer the lowest pre-settlement funding interest rates in the industry guaranteed. Most importantly, our funding is risk-free. If you do not win your case, you do not need to pay us back. If you want the best lawsuit funding rates, apply now or give us a call at 844-545-6246 to get started. We approve applications for funding within 24 hours. Reviews of Lawsuit Funding Companies Find the best reviews from around the web of lawsuit loan companies and hear what others have to say about their experience with some lawsuit companies. We have taken an approach to gather some of the best reviews for some lawsuit companies out there.