Can I Borrow Money for My Lawsuit?

cash advance pending lawsuit loan

Even if you have a strong and well-supported legal claim, it can take a significant amount of time to recover full and fair financial compensation through a lawsuit.

As described by the American Bar Association (ABA), the typical tort claim — such as a personal injury lawsuit — will take somewhere between three months and twenty-four months to reach a resolution. 

This raises a potential problem for plaintiffs: What do you do if you need money right now? One option available is that you can borrow money from your settlement. There are, of course, pros and cons to getting a loan against a lawsuit. Still, for many people, lawsuit funding is the most cost-effective way to get bills paid now. 

How Does Lawsuit Borrowing Work?

If you are getting money for a lawsuit or a loan against a lawsuit, you are technically getting something called a ‘non-recourse cash advance’. Although the term ‘loan’ is often used in the industry, lawsuit funding is not technically a loan at all. 

Instead, plaintiffs “sell” a portion of the value of their case in exchange for immediate cash. This means that your eligibility to borrow against your lawsuit is based on the strength and value of that lawsuit. The higher your settlement is expected to be, the more cash you will likely be able to access today. With lawsuit borrowing, there are no credit checks and there is no income verification. 

Approval may take as little as a single day. That being said, a lawsuit lending company will need some basic information from your attorney before it can proceed in reviewing your application for a settlement advance. 

Do I Pay Any Out-of-Pocket Fees if I Borrow Money from a Pending Lawsuit?

No. The most reputable lawsuit lenders do not charge any upfront fees or out-of-pocket costs. Since lawsuit loans are not technically loans, there aren’t any fees to process the cash advance.

No Monthly Payments — You Only Pay if You Recover Financial Compensation

When you are looking for the right lawsuit lending company, two of the most questions you need to ask are as follows: 

  • Are there monthly payments? 
  • Do I have to repay anything if I lose my case?

The answer to both questions should be ‘no’. Lawsuit funding is non-recourse funding. That being said, there should be no monthly payments and you should only be required to pay if you get a settlement or trial verdict. 

Though there are no monthly payments, it is still important to consider your case. Make sure you find the lowest rate lawsuit funding. When your case is finally resolved, you will want to pay back as little as possible. Sadly, some lawsuit lending companies charge clients sky-high interest rates. There are better options available — Ally Lawsuit Loans guarantees the lowest rates in the entire industry. 

What Are Your Interest Rates?

Your interest rate depends on the nature of your case. We can beat other lending companies by offering interest rates that correlate to the strength of your case. In other words, the stronger your personal injury case is, the lower your interest rate is.

Unlike other lawsuit loan companies, we keep the costs of borrowing money from a pending lawsuit low by not taking on every case. Instead, we take cases that have clear liability and severe injuries.

More importantly, we don’t check your personal credit history, employment history, or income. We base your interest rate solely on the details of your case.

What Types of Cases Do You Fund?

At Ally Lawsuit Loans, we fund a full range of personal injury cases, including but not limited to:

  • Automobile accidents;
  • Bicycle accidents;
  • Pedestrian accidents;
  • Work injury claims;
  • Workers’ compensation claims;
  • Medical malpractice;
  • Slip and falls;
  • Nursing home neglect or abuse;
  • Dog bites;
  • Defective products;
  • Defective medical devices;
  • Dangerous drugs; and
  • Wrongful death.

If you don’t see your case type listed above, you are probably still eligible to borrow money from a pending lawsuit. Please give us a call to discuss the details of your claim.

How Long Does it Take to Receive My Loan?

This depends on how quickly your lawyer or law firm sends us your case information. In many cases, you may qualify and receive your payment in as little as 24 hours. We can wire transfer the funds to your bank account, send a check, send funds through Western Union, and more.

What Can I Use My Cash Advance to Pay For?

If you borrow money from a pending lawsuit, you can use it on anything! Most borrowers use their pre-settlement funding to pay for medical bills, rent, utilities, groceries, legal fees, and other expenses.

How Much Money Can I Borrow?

The size of your offer depends on the value of your case. We have previously offered lawsuit loans from as little as $500 to as much as $750,000. Typically, we offer 10-20% of your expected settlement amount.

Apply for Lawsuit Funding Today

At Ally Lawsuit Loans, we are proud to provide the lowest cost pre-settlement lawsuit funding to plaintiffs across the country. If you are interested in borrowing money for your lawsuit, please do not hesitate to submit your application today. Give us a call at 844-545-6246 if you have any questions about our pre-settlement lawsuit funding. Our customer support team is here to answer any questions that you might have and to walk you through all aspects of the application process. 

Lawsuit Loans in Phoenix, Arizona

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Are your bills starting to pile up while you wait for a personal injury settlement? Do you feel like the insurance company is trying to wear you down so that you’ll accept a lower settlement than you deserve? Unfortunately, this situation is all too common. Personal injury settlements can take a long time in Arizona, but you don’t have to live with the financial uncertainty brought on by this timeline. Ally Lawsuit Loans offers lawsuit loans in Arizona, so you can pay your bills and live comfortably while awaiting your settlement. Laws and Regulations Concerning Presettlement Funding in Arizona Different laws apply to your lawsuit depending on the circumstances surrounding your injuries. If you were injured in a car accident, it is important to discuss Arizona’s minimum insurance policy limits and fault laws. If you were injured while on the job, you’ll need to talk to your attorney about workers’ compensation. Below is some basic information about Arizona’s personal injury laws and regulations, and how they apply to your lawsuit loan in Arizona. Fault Laws Arizona follows a pure comparative fault model, meaning an injured party can almost always recover damages, even if they were partially at fault in the accident. However, your settlement may be reduced by the percentage you are determined to be at fault. This law applies to car crashes and other accidents that cause injuries in Arizona. Ally Lawsuit Loans is able to keep interest rates low and offer our clients the money they need by only approving loans on lawsuits with clear liability and serious injuries. Your chances of being approved for a loan with us are better if you are able to prove your lack of fault in your accident. Statute of Limitations The statute of limitations to file an insurance claim on a personal injury suit in Arizona is two years. More often than not, this means that the plaintiff is no longer eligible to file a settlement claim after two years post-accident. This timeline might be adjusted if a hidden injury, which is undeniably attributable to the accident, is found. In this case, the two-year limitation begins on the date of diagnosis.  You must be working with an attorney on your lawsuit before you can apply for a lawsuit loan in Arizona with Ally. It is important to file your claim within the statute of limitations period so you can apply for presettlement funding when you need it most.  Insurance Information Each state has insurance minimum policy limits. You should discuss your anticipated claims with your attorney, as you might be dealing directly with the defendant if your claim exceeds any of Arizona’s minimum policy limits, including: $15,000 bodily injury liability per person; $30,000 bodily injury liability per accident; and$10,000 property damage liability per accident. Understanding these insurance limits is helpful when filing your personal injury lawsuit in Arizona. Cases Ally Can Provide Funding For Ally provides plaintiffs in a variety of lawsuit types with presettlement funding in Arizona. These lawsuit cases include: Personal injury,Car accidents,Assault and battery,Hit and runs,Medical malpractice,Product liability,Unpaid overtime,Wrongful termination, and Workers’ compensation. If you are not sure if your case type is eligible for an Arizona lawsuit loan with Ally, contact our expert customer service representatives at 844-760-0244. How to Get Quickly Qualified  The Arizona lawsuit loan application process at Ally is straightforward and transparent. You will provide us with some basic information about your lawsuit and give us the contact information for your attorney. We will take over the application process from there and discuss your case in detail with your lawyer. Our team will determine if you are eligible for a loan with us, and we will let you know in as little as 24 hours. Once you are approved for a loan with us, we can send you a check, deposit money straight into your bank account, or even use Western Union.  We have offered our clients anywhere from $500 to $750,000 in presettlement funding, but we recommend you take only the money that you need. There is no limit to how many lawsuit loans you can take out in Arizona, so you can apply for another one if you need it later.  All of Ally’s advance loans on personal injury settlements are non-recourse, meaning that you don’t pay us back for your loan unless you win your settlement.  Contact us to get started on your application. Why Choose Ally Lawsuit Loans? Filing a lawsuit is difficult enough without the burden of financial stress. Ally Lawsuit Loans takes the complications out of legal funding by providing non-recourse cash advances for personal injury lawsuits in Arizona. You can be approved for a loan in as little as 24 hours, and you are free to use the money however best suits you. Once you receive your settlement, Ally Lawsuit Loans will take a percentage of the cash to repay your loan. Our interest rates vary based on your case details, but we can guarantee that the rate will be the lowest in the industry.  The bottom line: we provide financial security when you need it most. Contact our customer service experts to discuss your case and start your lawsuit loan application today.

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Police Brutality Lawsuit Funding

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The news is full of police brutality reports. Regardless of the reasoning behind a police officer’s decision to abuse their power, police brutality victims often have grounds to file a lawsuit.  Police departments tend to draw these out unnecessarily; they don’t want to admit fault by agreeing to a settlement. This process can be frustrating and extremely costly for the plaintiffs involved in police brutality lawsuits. Ally Lawsuit Loans can help. If you are in the middle of a police brutality lawsuit that is draining your bank account, you might be eligible for a cash advance on your police brutality lawsuit settlement.  How Long Will it Take to Settle? Unfortunately, police brutality cases can take years to settle. This is partly because most police departments are self-insured, meaning they have large amounts of money to fund police brutality lawsuits. This increases the time it takes to settle a police brutality case, and often the plaintiff cannot outlast the department financially. After all, plaintiffs are regular people with everyday bills to pay; they can’t devote their entire paycheck to fighting for a police brutality settlement. That’s where Ally Lawsuit Loans comes in. We offer non-recourse cash advances on your police brutality lawsuit settlement. We have approved loans as low as $500 and as high as $750,000. You can also apply for a second or even third loan if your lawsuit continues to drag out. Ally Lawsuit Loans is committed to helping you remain financially stable so you can focus on winning the settlement you deserve. How Much is My Police Brutality Case Worth? The dollar amount attached to a police brutality lawsuit settlement depends on each case’s unique circumstances. Some of the factors considered in a police brutality settlement are: Injuries sustained by the plaintiff: were you physically injured, emotionally injured, or both?Evidence: did witnesses give statements? Did someone take a video or pictures of the incident? Does the police report confirm your account of what happened?Aggravation: did the plaintiff do something to provoke the police officer further?Misconduct: was the plaintiff doing something illegal?Motive: was the police officer’s assault prompted by racial or gendered prejudices? These factors also determine your eligibility for an advance loan on your settlement. We will analyze your case details when reviewing your application and determining how much money we can lend you. Once your case is settled, we will take a part of the funds to repay the loan. All our loans are non-recourse, meaning that you owe us nothing if you don’t win your police brutality settlement. How to Begin the Loan Application Process Ally Lawsuit Loans’ application process is transparent and quick. Simply fill out the application on our website and provide your attorney’s contact information. We will determine your eligibility for a police brutality settlement loan in as little as 24 hours.  Because of each police brutality case’s unique nature, it is helpful to provide the following information when applying for a loan with us: Evidence proving your innocence (photos, videos, statements, police reports, etc.);The official complaint from your lawsuit;Medical records, if you sustained injuries; andInsurance information. If you have questions about our application process or are unsure if your case qualifies for a loan, call our expert customer service team at 844-572-2966.  How Ally Can Help The last thing you need to worry about when fighting a police brutality lawsuit is money. Ally Lawsuit Loans can help you shoulder this burden with a non-recourse cash advance on your police brutality lawsuit settlement. Our loans are risk-free, meaning you owe us nothing if you don’t win your settlement case. Our customer service team is committed to providing an excellent experience for our clients, and we guarantee the lowest possible interest rates in the industry.  Contact us today to get started on your advance loan on your police brutality settlement. 

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Personal Injury Lawsuit Loans in Michigan

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You are likely working with an attorney to file a lawsuit if someone else caused you to sustain injuries in an accident. With personal injury lawsuits come challenges, including financial uncertainty. If you find yourself struggling financially amid a personal injury lawsuit, you should consider applying for a Michigan lawsuit loan.  Michigan Car Accident Statistics Fatal car crashes in Michigan are decreasing; the Michigan State Patrol reported less than 1,000 car accident fatalities in both 2018 and 2017. However, in 2018, there were 312,798 total car crashes in Michigan, resulting in 75,838 injured individuals. Further, 60% of these crashes involved more than one vehicle.  When multiple people are involved in an accident, it can take some time to prove an at-fault party through a lawsuit. Meanwhile, victims might incur medical expenses and be unable to work due to their injuries. This makes paying monthly bills difficult. Ally Lawsuit Loans is ready to help should you find yourself in this position because we can approve a pre-lawsuit loan in as little as 24 hours. Legal Funding Cheat Sheet The loans offered by Ally Lawsuit Loans are actually not loans at all. They are non-recourse cash advances, meaning that you don’t pay us back unless you win your lawsuit. For this reason, your eligibility for a Michigan lawsuit loan depends entirely on merit. We don’t do a credit check, but instead, analyze your case details provided by you and your attorney.  Lawsuit Laws and Regulations in Michigan If you were injured in a car accident, remember that Michigan operates under a modified comparative fault system. Under this system, the percentage that one is at fault is considered in personal injury lawsuits. As long as the injured plaintiff is at less than 50% fault in the accident, they can collect damages from the at-fault parties. It is essential to discuss your responsibility in your accident with your attorney before applying for a pre-settlement loan, as this can determine your eligibility for a loan.  Minimum insurance policy limits are also worth discussing with your attorney. In Michigan, the minimum insurance policy limits include: $20,000 in bodily injury liability per person;$40,000 in bodily injury liability per accident;$10,000 in property damage liability per accident; and$1 million in property protection. The statute of limitations on personal injury claims in Michigan is three years, meaning that you typically must file a lawsuit within three years of the accident. However, when an injury is not diagnosed until later and can undeniably be attributed to the accident, the filing period may begin on your diagnosis date. How to Get Qualified The Michigan lawsuit loan application process at Ally Lawsuit Loans is straightforward and transparent. Begin the process by filling out the application on our website and providing us with some basic information about your lawsuit and your attorney’s contact details;We then contact your attorney to discuss your case in greater detail; andWe will determine your eligibility for a loan in as little as 24 hours, and we will send you your money. We can send you a check, deposit the money via a wire transfer, or even use Western Union. Contact us to get started on your application. Why Choose Ally Lawsuit Loans? Filing a lawsuit is difficult enough without the burden of financial stress. Ally Lawsuit Loans takes the complications out of legal funding by providing non-recourse cash advances for personal injury lawsuits in Michigan. You can be approved for a loan in as little as 24 hours, and you are free to use the money however best suits you. Once you receive your settlement, Ally Lawsuit Loans will take a percentage of the cash to repay your loan. Our interest rates vary based on your case details, but we can guarantee that the rate will be the lowest in the industry.  The bottom line: we provide financial security when you need it most. Contact our customer service experts to discuss your case and start your lawsuit loan application today.

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