Because of the damning evidence against them, Monsanto has agreed to a $10 billion settlement covering an estimated 95,000 claimants. The settlement fund only covers medical treatment that occurs up to December 31, 2020, so time is of the essence for claimants that want to participate in this settlement. Monsanto’s herbicide Roundup first hit the market in 1974. Since then, hundreds of thousands of individuals have used the product to kill weeds. Monsanto markets the product as a clean, safe herbicide, even arguing until 1996 that it was safer than table salt, but this is not true. On the contrary, glyphosate, Roundup’s active ingredient, can cause Non-Hodgkin Lymphoma (NHL), a form of cancer. Glyphosate was given a designation as a probable cancer-causing agent by the World Health Organization’s (WHO) International Agency for Research on Cancer (IARC) in 2015. Internal documents that came to light during the discovery phase of lawsuits against Monsanto reveal that the company knew of glyphosate’s danger for decades and made substantial efforts to keep this information private. How Pre-Settlement Funding Can Help While time is of the essence to file a claim, the settlement will not be paid out immediately. This is a problem for many victims of Roundup who suffer from NHL. On top of the tremendous pain and suffering that comes with NHL and other forms of cancer, these diseases impede your ability to work and can bring significant medical bills with them. The devastating financial strain of these costs on a household can compound quickly. If you’re filing a Roundup cancer lawsuit and need some extra funding to stay afloat financially before receiving a settlement payout, consider a pre-settlement funding agreement through Ally Lawsuit Loans. Ally Lawsuit Loans can help relieve your immediate financial pressure as you wait for the conclusion of your Monsanto Roundup lawsuit. To this end, we offer a lowest-rate guarantee, 24-hour application processing, and reassurance that you’ll pay nothing if your case falls short. Administration of the Roundup Settlement Fund Epiq Legal Solutions has been appointed as the sole neutral, third-party claims administrator in the Monsanto lawsuits settlement fund. Epiq will review all claims, determine their eligibility, and determine each claimant’s total award. Roundup Settlement Fund Point System To ensure fair, objective application and distribution of settlement funds, the Epiq system for assessing each claimant’s reward will apply a “points scheme.” The point system will look at several factors in each case and award points to claimants based on those factors. Some, but not all of the factors that will be used to determine each claimant’s number of points include: Age at diagnosis of NHL;Type of NHL;Extent and nature of treatment for NHL;Total amount and duration of Roundup exposure before diagnosis;Length of time between initial exposure of Roundup and NHL diagnosis;Severity of injury; andExistence of other risk factors for developing NHL before NHL diagnosis. The more strongly these factors apply to you, the higher their point value is. For example, someone whose diagnosis comes at the age of 30 will have a higher point value in the age category than someone whose diagnosis comes at the age of 60. The various categories are split into five levels to gauge their severity. At the highest level (level five) is a claimant who passes away due to their exposure to glyphosate, was otherwise relatively healthy, and was 17 years old at the time of their diagnosis. On the other hand, at the lowest point value is a claimant who had numerous existing health issues, was 80 years old or older at the time of their diagnosis, and did not receive NHL treatment. While a claimant can file an appeal against their points award, only one appeal is possible, and the appeal decision is final. In employing a point system, the Roundup settlement program aims to distribute settlement funds in an objectively verifiable and equitable manner. Extraordinary Injury Fund (EIF) Some claimants will qualify for compensation in addition to their basic settlement award. This extra compensation comes from the settlement’s extraordinary injury fund (EIF). To be eligible for additional compensation from the EIF, a claimant must suffer from damages that surpass a typical Roundup lawsuit claim. Some of the circumstances that will bring a claim to the EIF level include the following: Medical certification demonstrating claimant has just six months to live;Stem cell or CAR-T treatment;Three or more cycles of chemotherapy;Four nights or more spent in the hospital due to NHL treatment;Medical certification demonstrating claimant’s inability to have children due to NHL treatment;Economic loss over $200,000;Organ damage as a result of NHL treatment;An inability to walk without assistance as a result of NHL treatment; andPermanent disability as a result of NHL treatment. These are not the only circumstances that justify additional compensation from the EIF. Other extenuating circumstances related to NHL treatment or diagnosis that rise above an ordinary level can qualify a claimant for additional funding from the Roundup EIF Settlement Program. Qualifying for Funding To qualify for pre-settlement funding of your Monsanto Roundup lawsuit from Ally Lawsuit Loans, a claimant must fulfill three criteria: A claimant must have proof of exposure to Roundup;A claimant must show a medical diagnosis of NHL; andA claimant must enter into the Roundup settlement program and show proof of enrollment. If you can show each of these criteria, Ally Lawsuit Loans can offer pre-settlement funding to help you make ends meet while waiting for your claim’s payment. Don’t Let This Opportunity Pass You By If you suffer from NHL due to Roundup exposure, you deserve compensation. The settlement fund set up for the Monsanto Roundup cancer lawsuit provides the perfect opportunity to get compensation for your injuries without having to hire an attorney and file your own lawsuit. However, the fund only covers medical care before December 31, 2020, so don’t let this opportunity pass you by. Keep in mind that it will take time for Epiq to evaluate your claim and for you to receive your compensation. To make sure your bills are covered […]
Articles & FAQ Types of Lawsuit Loans
Are you waiting on a settlement from your Xarelto lawsuit? Applying for a Xarelto settlement loan can allow you to obtain a cash advance on your pending class-action lawsuit. It’s not uncommon for class-action lawsuits to take years to resolve, especially when multi-million-dollar pharmaceutical corporations are involved. Ally Lawsuit Loans offers Xarelto lawsuit loans to help you with finances now while you wait for a settlement. We understand what a stressful time this is for victims, and we want to help. What Are the Xarelto Lawsuits? Xarelto is a pharmaceutical drug designed to prevent blood clots and prevent strokes. Unfortunately, the medication has been linked to numerous issues and has caused irreversible intestinal bleeding, rectal bleeding, embolisms, and brain hemorrhages. Many victims have required hospitalization, while multiple others have died. Xarelto is produced by Bayer A.G. and marketed by Janssen Pharmaceuticals, a division of Johnson & Johnson. How Xarelto Lawsuit Loans Work Lawsuit loans offer cash to plaintiffs before they receive any Xarelto settlement payouts. The compensation you receive now can help pay for bills and other financial obligations you may be falling behind on. Depending on the severity of your side effects from Xarelto, you may be unable to work and provide for your family. While a lawsuit loan won’t necessarily cover all your financial obligations, it can certainly reduce some of your stress while you await news on the Xarelto lawsuit settlement amounts. The process starts when you apply for funding. You will provide necessary information about your background and your pending claim. One of our representatives will contact your attorney to learn more about your case and discuss possible Xarelto settlement amounts. If we determine that we can be a good fit for your situation, you’ll have cash within 24 hours of approval. If you are not successful and do not win your case, you will not need to pay back the loan. Ally Lawsuit Loans’ rates only apply if you successfully win your case. The amount you can receive will vary based on your case’s specifics and what your potential settlement amount could be. Loans could be as low as $500 or even as high as $750,000. Use the online Lawsuit Loan Calculator to see what your potential amount could be. This calculator is only an assessment, as Ally Lawsuit Loans cannot provide an actual rate until you speak directly with one of our representatives. We don’t look at your prior credit history or verify your income and employment history. Our funding is based on the likelihood that you will be successful with your Xarelto lawsuit. Why Choose Ally Lawsuit Loans? Ally Lawsuit Loans provides funding for plaintiffs involved in multiple litigation types, including workers’ compensation, auto accidents, wrongful termination, defective medical devices, defective drugs, and other types of personal injury claims. Clients love our customer service, and we offer the lowest rates in the industry—guaranteed. Finding the lowest interest rates is essential. Rising interest rates or compounded interest can drastically increase your repayment amount. Unlike some of our competitors, we offer the lowest settlement funding and use only clear and concise terms in your agreement. To learn more about how we can help and get an actual rate, contact Ally Lawsuit Loans today at 844-725-8619 or apply online. You could qualify for a loan in as little as 24 hours.
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.
After an accident, victims who sustain injuries are often unable to work for a while. Having a shortage of income while bills continue to come in can make waiting for a lawsuit settlement check frustrating. Many people turn to settlement advance loans to make ends meet and pay their bills during these challenging times. However, when a personal injury lawsuit is drawn out longer than expected or unanticipated expenses arise, one advance loan on your settlement might not be enough money. This is common. Plaintiffs frequently take out a second settlement advance loan, as it is hard to predict how much pre-settlement funding you will need during your initial application. At Ally Lawsuit Loans, we offer the lowest rate of pre-settlement funding for lawsuits. If you already received a pre-settlement loan, you may be eligible to get a second loan or even a third loan. Defining a Pre-Settlement Loan by State Advance loans on settlements are a relatively new concept. These types of advances are currently legal in all 50 states. However, several states have started regulating the industry, and others have passed laws that directly apply to settlement advance loans. Ally Lawsuit Loans currently serves clients filing lawsuits in Florida, Illinois, Louisiana, Nevada, New Jersey, and Texas. I Have Already Taken A Loan. Can I Take Another? There is no limit to how many settlement advance loans a plaintiff can apply for or take out. Your eligibility on a second, or even third, loan depends on your settlement’s estimated value and the amount of money you took from your initial loan. The Estimated Value of Your Settlement The amount of money a lender offers you is contingent on the estimated value of your legal claims. Essentially, the amount of money you are eligible for in a settlement advance loan will be higher if you have a strong case. At Ally Lawsuit Loans, we only fund cases with serious injuries and clear liability. These are strong cases that are likely to win their settlement. This means that we can likely lend approved plaintiffs more money with a lower interest rate. However, even though we can offer large sums of cash, we encourage you only to take the amount of money that you need. You can always apply for a second loan if the first one is not enough. Your Initial Loan You have a good chance of approval on a second advance settlement loan if you took less than the first loan’s maximum amount. This is one reason we encourage you to only take what you need from any loan for which you are approved. How Long Will the Process Take? Ally Lawsuit Loans can determine if you qualify for an additional pre-settlement loan in as little as 24 hours. Your loan eligibility is based entirely on merit. When you apply for a loan with Ally, you give us the necessary information about your lawsuit and your attorney’s contact information. We will determine if you qualify as quickly as possible. Why Choose Ally? Ally Lawsuit Loans is committed to providing you with the best lawsuit loans available. With our trusted customer service, you can be confident in your decision to work with Ally on your second or third pre-settlement loan. Our team is dedicated to providing plaintiffs with: The lowest rate advance loan on your settlement;A transparent, fair, and understandably application process;Non-recourse loans — you only repay the loan if you win your case;Loan approval in as little as 24 hours; andThe best customer service support. If you are looking to take an additional settlement advance loan, contact the customer support team at Ally to discuss your lawsuit’s details.
After a serious accident, you may have spinal damage and be going after a spinal fusion lawsuit settlement. If you’ve suffered a spinal injury and are required to have spinal fusion surgery, you have legal options. Outlined below we will discuss the average settlement for spinal fusion and provide a few options for getting a presettlement loan. Ally Lawsuit Loans is here to help. What Is Spinal Fusion? Spinal fusion is a type of surgery performed on the spine. After sustaining a severe injury to your spine, a spinal fusion is often required to repair the spine. This particular type of surgery involves fusing bones together or replacing damaged discs in the spine with bone grafts secured with plates and screws. Spinal fusion techniques mimic the way bones would typically heal. They are usually performed on the neck (cervical spine) or back (lumbar spine). Spinal fusion surgery can impose limitations. After surgery, you will experience a limited range of motion and loss of strength. Spinal fusions will also require time to heal. Common Accidents That Lead to Spinal Fusion Surgery Many different kinds of accidents can cause serious injury to the back and require a spinal fusion. Some of the most common include: Car accidents,Truck accidents,Motorcycle accidents,Slip and fall accidents,Construction accidents, andMedical malpractice Typically, any accident that produces a significant jolt to the neck or back can lead to fractures in the spine or disc damage. What Is the “Average” Settlement for Spinal Fusion Surgery? The average settlement for spinal fusion depends. Every single case is different, and many factors are taken into consideration when calculating a settlement. For these reasons, there is no “average” spinal fusion lawsuit settlement. Your settlement will depend on your particular case, considering the specific surgery performed, among other details. The only way to accurately know what your case is worth is by consulting with an experienced personal injury attorney. How Does a Spinal Fusion Affect Your Personal Injury Case? Spinal fusion surgeries will usually affect your personal injury settlement, often increasing the value of your case. Because these surgeries are complex and require significant healing time, settlements can reach up to six figures. Factors Influencing the Average Settlement for Spinal Fusion Personal injury settlements depend on the damages suffered by the plaintiff. Common factors affecting your spinal fusion settlement may include: Medical bills;Lost wages or benefits;Diminished quality of life; andPain and suffering Many times your settlement will not only depend on your surgery but also your prognosis after surgery. If you are unable to return to work or require more care and medical treatment in the future, this can increase your settlement. Do I Need an Attorney to Handle My Case? While you are not required to have an attorney, these types of cases can be unique and complex. To get the maximum amount of compensation, you must seek legal representation from a knowledgeable and experienced personal injury attorney. Related: Can I Get a Lawsuit Loan Without an Attorney? Choose Ally Lawsuit Loans to Help You Lawsuits can require you to pay certain fees out of pocket. If you are unable to cover your lawsuit’s costs, Ally Lawsuit Loans is here to help. A lawsuit loan can help you in many ways. Ally Lawsuit Loans can also help with covering immediate expenses. After an accident, you may incur various expenses that you cannot cover if you are unable to work. A lawsuit loan can relieve financial hardship while you are waiting for your settlement. Our loans are also no risk, meaning you only pay if you win your case. We offer “non-recourse loans,” meaning your future settlement secures your loan. If you happen to lose your case, you do not owe us anything. After being involved in an accident and having surgery, you’ll have enough on your plate. You shouldn’t have to face financial hardship while you fight the insurance company for a fair settlement. Apply for a lawsuit loan today and let us help you in your legal battle.
At Ally Lawsuit Loans it is our mission to provide the lowest cost pre-settlement loans in the industry. The truth is, we can’t tell you exactly what your settlement loan interest rate will be until we learn the specifics of your case. What we can promise you is that we’ll offer you the lowest rate possible, we’ll be fully transparent about the cost of your lawsuit loan, and we’ll never spring hidden fees or costs on you. The personal injury claims process can be frustratingly slow. While insurance companies can take months or even years to resolve a claim, the bills can start piling up immediately after an accident. Waiting for a lawsuit settlement check can put a serious burden on an injured victim and their family. At Ally Lawsuit Loans we provide immediate funding to help relieve the financial burdens that plaintiffs face as they await a settlement. We offer pre-settlement funding interest rates that are the best in the industry — guaranteed. If you are considering applying for a lawsuit loan you obviously are interested in finding the lawsuit funding company that will provide you with the lowest possible interest rate. We encourage you to use the lawsuit loan calculator below to get a sense of what it cost to get a pre-settlement loan with Ally Lawsuit Loans. With that being said, the best way to learn what your interest rate will be is to call us or apply online. Our friendly staff will be happy to answer your questions. Contacting us obligates you to nothing. DISCLAIMER: This calculator uses our average funding interest rate. The total quoted here is not necessarily what you will pay. Our interest rates are based on an assessment of the details of your lawsuit, and so we cannot provide you with your actual rate until we speak with your attorney. Lawsuit Loan Calculator How much money do you need to be advanced? (without commas) How long do you expect before your case settles / is resolved? 6 months 12 months 18 months 24 months 30 months Here’s how much you’ll owe: Industry Average: With Ally: We Guarantee the Lowest Interest Rate for Lawsuit Loans At Ally Lawsuit Loans, we guarantee the lowest rate settlement funding. 📉 How much will the interest rate be? It depends on the specific nature of your case. It is important to remember that we offer no-risk lawsuit financing. If you do not win your case, then our team will not receive payment. We are able to beat other companies by offering interest rates that vary based on the strength of the underlying legal case. In other words, the better your personal injury case, the lower your interest rate. Unlike some other lawsuit financing companies, we are able to keep our pre-settlement funding rates low and guarantee the lowest rate settlement funding because we do not take on every case. We fund cases with serious injuries and clear liability. 📊 What factors will affect the pre-settlement loan interest rate? Your interest rate will not be affected by your personal credit history. We do not need to verify your income or employment history. Our company offers affordable lawsuit loans with interest rates that are based solely on the likelihood that you will win your case. 💲 Interest Rates Matter — Why You Need to Find the Lowest Rate If you looking for lawsuit funding, you will quickly discover that there is no shortage of companies available. It is essential that you find a trusted legal financing company that can offer reliable and low lawsuit financing rates. Interest rates matter — and you deserve the lowest rate and the best terms. Beware of lawsuit companies that will not tell you what the pre-settlement funding interest rates will be for your specific case. Compound interest can make a huge difference when it comes to calculating the total costs that you will have to pay for funding. As explained by Investopedia, compound interest is an interest that calculates on top of other interests. Over time, compound interest can really add up. Not only does Ally Lawsuit Loans offer the lowest rate settlement funding, but we also use clear and concise terms in our agreements. There are no hidden fees and no unfair financing charges. Get Help From Our Lawsuit Funding Specialists At Ally Lawsuit Loans, we offer the lowest lawsuit loan interest rates — guaranteed. You may be able to qualify for a lawsuit loan in less than 24 hours. If you are considering applying for pre-settlement funding, we are here to help. To find out more about what our lawsuit legal funding specialists can do for you, please call us today at (800) 760-0704 or apply now. Lawsuit Funding Company Reviews – Reviews From Around the Web Fair Rate Funding Cherokee Funding Momentum FundingPeachtree Financial SolutionsThe Legal Funding Group, LLCCase Cash, LLCBuckeye Legal FundingPrime Case FundingOasis Financial
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.
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.
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.