It can take a long time for a lawsuit to be resolved. You may have stacks of bills that need to be paid, but you may not be sure how much longer you will need to wait to get your settlement check. A lawsuit loan is a tool that provides a solution — it allows plaintiffs to get access to immediate funding while their case is still being processed. That being said, getting a lawsuit loan is not right for every plaintiff or for every situation. At Ally Lawsuit Loans, we are committed to offering plaintiffs the lowest interest rate lawsuit loans — guaranteed. We want to make sure that you are able to make the best decision for your own circumstances. No-pressure legal funding is available. Here, our team has put together a list of the pros and cons of applying for pre-settlement funding. What You Need to Know About Lawsuit Settlement Loans Pros: The Top Three Advantages of Obtaining a Lawsuit Loan A Cash Advance Can Tide You Over: First and foremost, the biggest advantage of getting a pre-settlement lawsuit loan is that you can get access to money now. If you are unable to cover your bills or you are in a particularly tight financial situation, a lawsuit cash advance offers an immediate solution. You will get the financial breathing room that you need. Your Attorney May Be Able to Get a Better Settlement: In some cases, a lawsuit loan can actually help plaintiffs obtain a better settlement offer. Without immediate financial pressure to settle your case, your attorney will have more time to build and present a strong, compelling case. Do not let an insurance company pressure you into accepting an unfair, low settlement. You Pay Nothing if You Lose: Finally, you can get no-risk legal funding. At Ally Lawsuit Loans, we offer our clients zero risk cash advances. If they do not win their case, they do not have to pay back the loan. End of story. For example, if you receive a car accident settlement loan from us, and then, for whatever reason, your attorney is unable to settle your case and recover compensation for you, you have no further obligation. You get to keep the money. Cons: Two Potential Disadvantages of Getting Lawsuit Funding There are Financial Costs: The primary drawback of getting a lawsuit loan is pretty simple: it costs money. Legal funding is not free. For this reason, you should never take a larger lawsuit loan than you actually need. You should also be sure to find a pre-settlement loan that offers the lowest fees and interest rate. As explained by Investopedia, the cost of interest will compound over time. You May Not Qualify: Another downside of applying for a loan is that your case may not actually qualify for funding. To get a lawsuit loan approved, there are some requirements that must be satisfied. Our legal lending specialists will work directly with your attorney to determine if you are eligible to receive a pre-settlement cash advance. We understand that it can be frustrating to go through the application process only to be denied in the end. Our team works hard to provide flexible funding solutions for plaintiffs. Apply for a Lawsuit Loan Today At Ally Lawsuit Loans, we always encourage our clients to request only what they need to pay their bills while they are awaiting their settlement or judgment. You can always come back to us and get a second lawsuit loan. To apply for legal funding, please do not hesitate to contact us today. We look forward to assisting you.
Articles & FAQ
Anyone who has filed a legal claim or a lawsuit already knows that the process can be slow and frustrating. This presents some potential problems for plaintiffs: You may have bills that are due now, but your settlement could still be months away. Legal funding provides a solution. That being said, before you accept a cash advance, you need to know that you are working with the right company and that you are getting the right terms. At Ally Lawsuit Loans, we are proud to offer the lowest cost lawsuit cash advance — guaranteed. We want all current and prospective clients to have the information that they need to protect their financial interests. Here, we highlight the questions you should ask before taking out a lawsuit loan. Lawsuit Cash Advance Loans: Five Questions that You Need to Ask 1. Will I Be Required to Repay the Loan if I Lose My Case? Legal claims always come with some level of risk. There is simply no guarantee that you will win your case or get a settlement until you actually have that check in your hands. One of the first questions that you should ask a legal financing company is whether you will be required to repay the lawsuit cash advance if you lose your case. Plaintiffs can and should find a legal lending company that will offer you a truly risk-free cash advance. At Ally Lawsuit Loans, our clients only pay us back if they win their case. Otherwise, they keep their money and owe nothing. Period. 2. What Rates and Fees Do You Charge? Not all lawsuit lending companies charge the same rates. Before you accept a lawsuit cash advance, please make sure that you understand the fees and interest rates. As Investopedia explains, higher interest rates are better for the lender — not for the borrower. Be sure that you find the lawsuit loan company that offers you affordable financing. Low rates are available. We will get you the lowest interest rate lawsuit cash advance for your case. 3. Do You Require Monthly Payments? To better understand the arrangement, it is a good idea to ask the lawsuit loan company if monthly payments will be required. The answer should be ‘no’. If monthly payments are required, then you are not actually getting a no risk loan. As a general rule, you should look for a legal lending company that offers the following terms: No application fees;No monthly payments; No hidden fees;No hidden terms or conditions;No repayment until your claim is settled; andNo repayment if you lose your case. The entire point of a lawsuit cash advance is to help plaintiffs get more financial breathing room while their legal claim is still pending. The last thing you need is another monthly payment to worry about. 4. How Will You Determine My Eligibility? Of course, lawsuit loans are not available to everyone. In order to get approved for funding, you must have a viable legal case. When seeking a loan, you should inquire about the company’s specific eligibility standards. As an example, imagine that you suffered a serious injury in a slip and fall accident. You brought a personal injury claim against the negligent business and you are now awaiting settlement. You need to know exactly how the legal financing company will determine your pre-settlement personal injury loan eligibility. 5. What Steps Do I Need to Take to Get Funding? Finally, you should ask about the specific steps in the application process. With some lawsuit financing companies, there are many hoops to jump through. Fortunately, it does not always have to be that way. Transparency is important. It is best to look for a lawsuit loan company that will clearly explain the steps to you and that will work directly with you and your attorney. In general, your attorney will be required to provide some basic documentation before your cash advance will be approved. Apply for Cash Advance Lawsuit Funding Today At Ally Lawsuit Loans, we provide funding to plaintiffs pursuing the full range of legal cases — from personal injury claims and car accident lawsuits to work injury cases and wrongful termination lawsuits. If you are considering seeking a cash advance on lawsuit, we are here to help. You can apply for funding now through our website. Our top-rated customer support team is always standing by, ready to help you navigate the application process.
Serious injuries remain far too common in the United States. The National Highway Traffic Safety Administration (NHTSA) reports that nearly two million Americans are injured in car crashes every year. Many millions more are hurt in other types of accidents. Injured victims need the maximum available compensation to pay their bills and support their loved ones. Unfortunately, going through the legal claims process can be slow and frustrating. The good news is that there are immediate funding options available — with a lawsuit loan, you can get cash now in exchange for a portion of your future settlement. This raises an important question: How do you find the best lawsuit loan companies? At Ally Lawsuit Loans, we are committed to offering the best services in the industry. We want to make sure that you and your family have the full information that you need to shop for a lawsuit loan. Below, you will find a guide that explains the most important things that you need to know about finding the right pre-settlement lawsuit loan. Four Tips to Help You Shop for a Lawsuit Loan It is a sad reality, but there are some unscrupulous companies operating in the legal lending industry. By knowing how to shop for a lawsuit loan, you can avoid these firms and find a legal funding arrangement that is right for you and your family. When shopping for a pre-settlement cash advance, please be sure to keep the following four tips in mind: Understand the Costs: First and foremost, you need to understand the costs of obtaining legal funding. Similar to buying any other product or service, one of the keys to shopping is comparing costs. You do not want to pay more than is actually required. Look for the lowest rate lawsuit loan that you can find for a reputable company. Interests rates matter. The less you pay in interest, the better it will be for your bank account. Keep Your Attorney in the Loop: There are legal regulations in place that will generally prevent your lawyer from offering you a lawsuit loan. However, they can help you with the process of obtaining one. It is always best to keep your lawyer in the loop. When you apply for a loan, your attorney will need to provide some documents and records to the lending company. The faster this information is received, the sooner you will be able to get your funds. Ask About Fees and Terms: Unfortunately, some lawsuit loan companies use hidden fees and confusing terms to take advantage of their clients. When shopping for a lawsuit loan, it is strongly recommended that you ask about application fees, terms, and anything else that you might not fully understand. Knowledge is power. Trust Your Gut: One of the red flags to watch out for include representatives who simply will not give you straight answers to your question. You deserve a company that will always be honest and upfront with its clients. Applying for a lawsuit loan or requesting more detailed information from a lawsuit lending company does not require you to accept the deal. Until you have signed the paperwork, you can always walk away. If you are getting a bad feeling, for whatever reason, it is best to shop for a different pre-settlement funding company. Why Ally Lawsuit Loans is the Best Choice for Legal Funding Shopping for the best legal funding option is important. At the end of the process, we are confident that you will find that Ally Lawsuit Loans is the best choice for pre-settlement funding. Our company is a reliable and trustworthy legal lending firm. We believe in putting the needs and interests of our clients first. You deserve a company that treats you with compassion, honesty, and integrity. Among other things, we promise clients: The lowest rate lawsuit loan funding in the industry — guaranteed;Efficient processing, with money arriving in as little as one day; Clear, concise, and fair terms — no hidden fees, ever; andProfessional and attentive customer support services. We understand that shopping for and applying for lawsuit funding can be stressful, intimidating, and confusing. Ally Lawsuit Loans offers an accommodating, no pressure process to help you get the pre-settlement cash advance that you need. We will answer your questions, address your concerns, and make sure that you find the lawsuit loan that is truly best for your unique financial circumstances. Apply for an Affordable Lawsuit Loan Today At Ally Lawsuit Loans, our legal funding team is proud to be a leader in the industry. We offer the lowest interest rate lawsuit loans to plaintiffs. To apply for legal funding, get in touch with our team today. If you have any questions or concerns about lawsuit loans, our legal funding specialists are standing by, ready to help.
Following a major accident, injured victims are often left dealing with stacks of medical bills and missed paychecks. These costs can be enormous — according to data provided by HealthCare.org, the average cost of a three-day hospital stay is approximately $30,000. Through a lawsuit, plaintiffs can recover financial compensation for their damages. Unfortunately, even if you have a very strong case, the legal claims process can be frustratingly slow. This is where a lawsuit funding company can make a difference. At Ally Lawsuit Loans, we pride ourselves on offering clients the best pre-settlement funding services. Our team wants to make sure that plaintiffs have all of the information that they need to best protect their financial interests. Here, we provide an overview of lawsuit lending companies. Lawsuit Funding Companies: Explained With lawsuit funding, plaintiffs “borrow” against a future legal settlement or legal judgment. While this type of funding is frequently referred to by the shorthand “lawsuit loan”, that term is actually a bit of a misnomer. Technically, lawsuit funding companies do not offer loans at all. Quite the contrary, lawsuit funding companies buy a portion of your future settlement in exchange for an immediate cash advance. It is important to distinguish this type of financing arrangement from a loan. A lawsuit funding company can only be paid through a portion of your settlement. If you lose your case, then you get to keep the proceeds of the ‘loan’, and you do not owe anything at all. If you win your case, then the legal funding company will be repaid out of part of your settlement. Settlement loan companies offer plaintiffs a chance to get immediate financial stability and security. In many cases, plaintiffs have a strong legal case, but insurance companies, knowing that they need the money to pay their bills now, will try to drag out the process to get them to agree to a quick, lowball settlement offer. With legal funding, you can give your attorney time to pursue the maximum financial compensation, while also having access to the money that you need to cover your expenses today. Three Qualities to Look For in a Lawsuit Funding Company Affordability As a starting point, it is crucial that you find a lawsuit funding company that offers fair rates. At Ally Lawsuit Loans, we provide plaintiffs with access to the lowest-rate-legal funding — guaranteed. We want to make sure that as much money as possible stays in your pocket. We strongly encourage our clients to take only what they need to pay their bills until their case is settled. Affordable legal funding is our mission. Transparency Unfortunately, there are some unscrupulous lawsuit loan companies operating in the industry. It is not unheard for firms to provide funding that comes with hidden fees or disguised terms. When looking for the right lawsuit lending company, make sure you find one that is fully transparent. Your terms should be clear, concise, and well-explained. Reliability Finally, plaintiffs should always look for a reliable lawsuit lending company. The entire point of a lawsuit loan is to get funding now. Look for a company that can help you navigate the application process and handle your documents in an efficient manner — this way, you will be able to get the full funding that you need to pay your bills, without any undue delay. What Types of Cases are Most Common for Legal Funding Companies Lawsuit lending companies can handle a wide range of different cases. Generally, our team provides funding to plaintiffs who have suffered financial damages and are awaiting a settlement or jury verdict. Specifically, some of the cases that lawsuit loan companies frequently handle include the following: Car accident claims;Truck accident lawsuits;Motorcycle accidents;Bicycle accidents;Pedestrian collisions;Product liability claims;Medical malpractice claims;Slip and fall accidents; Premises liability claims;General personal injury lawsuits; andEmployment & labor law claims. We also provide lawsuit funding for workers’ compensation claims in nearly two dozen states across the country. However, due to state-specific regulations, legal funding cannot be offered for workers’ comp claim in some U.S. states. If you were injured at work and are interested in obtaining lawsuit funding, please check our list of states in which pre-settlement workers’ compensation loans are offered. Get Help From a Lawsuit Funding Company Today At Ally Lawsuit Loans, we are a professional lawsuit funding company that is committed to offering plaintiffs the lowest rates in the industry. Do you need a pre-settlement cash advance? Apply for lawsuit funding and qualify within as little as 24 hours. If you have any specific questions or concerns about lawsuit loans, please do not hesitate to reach out to our legal funding specialists today. We are more than happy to help.
There are few things more stressful than being denied for financing. It can be even more frustrating if you do not understand why the company denied your application. There are a number of different reasons why you may be denied for a lawsuit loan. Though, lawsuit funding is not like other types of consumer financial products and consumer lending. A poor credit score, lack of employment verification, and lack of income should not prevented you from obtaining pre-settlement funding. However, there are other reasons you may be turned down. At Ally Lawsuit Loans, we offer lawsuit funding at the lowest rate in the entire industry — guaranteed. In addition, our team is committed to providing the best customer support services. We want to make sure you have all of the information you need to best protect your financial interests. Here, we highlight some of the most common reasons why plaintiffs are denied for lawsuit loans. Top Three Reasons You Were Denied a Lawsuit Loan Pre-Settlement Funding is Restricted in Your State: In the majority of U.S. states, plaintiffs can apply for a lawsuit loan. However, there are certain state-by-state restrictions that could result in your application being denied. As a starting point, most lawsuit lending companies cannot offer loans to plaintiffs who are located in Colorado, Maryland, or Tennessee. In addition, if you are seeking workers’ compensation settlement funding, those types of loans are only available in about 20 states. You Do Not Have an Attorney: In order to apply for a lawsuit loan, you typically must hire an attorney. Unfortunately, if you do not have professional legal representation, our legal funding specialists may not be able to approve you for a pre-settlement cash advance. To get your application approved, your attorney generally needs to provide some important background information about your case and some key documents. Without an attorney, your application for a lawsuit loan will almost certainly be denied. We strongly recommend that you consult with your lawyer before seeking lawsuit funding. You Already Have the Maximum Funding: If you have already applied for and received a lawsuit loan, you may have gotten the maximum available funding. To be clear, you can always apply for more than one lawsuit loan. Indeed, it is common for our clients to seek additional funding. That being said, if you have already received the maximum possible funding for your case, your application may be denied on those grounds. We Will Not Deny You for Bad Credit or Lack of Income You may be worried that your application for a personal injury lawsuit loan will be denied because of your credit history, employment history, or lack of income. With Ally Lawsuit Loans, this will not happen. We do not run credit checks, we do not verify employment records, and we do not care about your financial status. If you suffered a serious injury and you are waiting on a future settlement, we have options available to get you a cash advance today. Why Choose Ally Lawsuit Loans If you were denied a lawsuit loan, you may still have other funding options available. At Ally Lawsuit Loans, we are prepared to work with you and your attorney to help you explore every potential avenue for pre-settlement funding. We are committed to providing our clients with the best services in the industry. Among other things, our team offers: Access to the lowest rate lawsuit loans — guaranteed;An understandable and fair application process; Your funds in as little as a single day; andThe best customer support services in the entire industry. Applying for a personal injury lawsuit loan is confusing. It is possible that your application was denied in error, because of a misunderstanding, or because of unreasonable standards of another company. We welcome you to apply with our team. If you have any questions or concerns, please reach out to our pre-settlement financing experts. We will help you get answers. Apply for a Lawsuit Loan Today At Ally Lawsuit Loans, we offer the best rate lawsuit loans. If you or your loved one is currently waiting for a settlement check, our team is here for you. Even if you were denied by another company, our specialists will review your application. To apply for a lawsuit loan now, please do not hesitate to contact our structured settlement professionals.
In the simplest terms, a structured settlement is a series of periodic payments paid out by the defendant or its insurance company in order to resolve a legal claim. In some circumstances, a plaintiff may prefer a structured settlement over a lump sum settlement. However, for a number of different reasons, a structured settlement may prove to be inadequate to cover a person’s current expenses — you may need cash now. Fortunately, if you have a structured settlement, there are affordable options available to get a cash advance. You can sell a portion of your future payments to get money right now. This is often referred to as a structured settlement loan. At Ally Lawsuit Loans, we offer the lowest rate structured settlement loans for plaintiffs in the entire industry. If you need a cash advance on your structured settlement, our funding specialists are standing by, ready to help. What You Need to Know About Structured Settlement Loans You should know that the term structured settlement loan is a bit of a misnomer. In reality, this type of financial arrangement is not a ‘loan’ at all. Instead, it refers to an agreement whereby you sell a portion (or all) of your future payments in exchange for an immediate cash advance. For example, imagine that you have a structured settlement that pays $10,000 once per year, for the next ten years. Should you need an immediate cash advance, you would have the option to sell some of those future payments in exchange for cash today. Depending on the circumstances, there are a number of different benefits to obtaining a structured settlement loan. With a structured settlement loan, you can pay off medical bills, take care of your rent or mortgage obligations, or handle other day-to-day expenses. The bottom line: If you are in a tight financial position or if you have debt that you want to pay off, loans for structured settlements are a sensible and affordable option. Of course, you need to be sure that you are working with a reputable company. It is crucial that you get the lowest rate and that you avoid any hidden terms or undisclosed fees. Unfortunately, there are some unscrupulous companies in the industry. You deserve better. Whether you a seeking a structured settlement loan, a car accident lawsuit loan, or any other type of pre-settlement funding or post settlement funding, look for a trustworthy provider. Structured Settlement Loans are Flexible You may be wondering what type of structured settlement loan is available. At Ally Lawsuit Loans, we recommended that our clients take only what they need to pay their bills and live comfortably. This is why we are committed to offering flexible financing options. Whether you want a cash advance on the full amount of your structured settlement or you want to get a minor advance on a relatively small portion of your settlement to cover some bills, our team has financing options. Why Choose Ally Lawsuit Loans Are you ready to apply for a structured settlement loan? If so, our funding specialists are here for you. At Ally Lawsuit Loans, we make qualifying for structured settlement funding easier than it has ever been before. Among other things, our company is committed to providing our clients: The lowest rate lawsuit loan funding — guaranteed;A fair, transparent, and understandable application process;Quick access to your cash advance; andRound-the-clock customer support services. Applying for a lawsuit loan can be confusing, even stressful. Our structured settlement funding professionals are here to answer your questions and help you find the best available solution. With Ally Lawsuit Loans, getting an affordable cash advance on your structured settlement has never been more simple. Apply for a Structured Settlement Loan Today At Ally Lawsuit Loans, we offer the lowest rate structured settlement loans. Our lawsuit funding specialists have made it easier than ever to apply for a structured settlement loan. If you or your loved one is waiting on a lawsuit settlement, our team is here to guide you through the process. To find out more about what we can do for you, please contact us today or apply now.
Following a major accident, injured victims deserve full and fair financial compensation. You need to be able to pay your medical bills, cover your day-to-day living expenses, and provide economic support to your family. Unfortunately, even if you have a winning legal case, the personal injury claims process can be frustratingly slow. Your attorney needs time to build a strong case, but your bills are likely already piling up right now. The good news is that with a lawsuit loan, you can get access to a portion of the funds from their settlement today. If you are considering applying, you should know that, with very few exceptions, you cannot obtain a lawsuit loan without an attorney. Further, you also cannot get a lawsuit loan directly through your lawyer. You need a lawyer who can handle your case and a reliable lawsuit lending company that can provide you access to affordable funding. At Ally Lawsuit Loans, our pre-settlement funding specialists will work directly with your lawyer to help you get access to immediate funding at the lowest rate in the industry. You Must Have an Attorney to Get a Lawsuit Loan In order to obtain a pre-settlement personal injury loan, you must be represented by an attorney. Not only is legal representation typically required by lawsuit funding companies, but your attorney will actually be involved in your application to receive legal funding. As a general matter, your attorney must submit some important information about your case to our company for processing. In addition, your attorney will usually need to sign a few documents to get your loan approved. It is worth mentioning that the term ‘lawsuit loan’ is a bit of a misnomer. At Ally Lawsuit Loans, we are not truly lending our clients any money at all. Instead, we give them money today in exchange for a small percentage of their settlement in the future. We do this at no risk to you. In other words, if you lose your case, you do not have to pay us back. Our rates only apply if you actually obtain a settlement. This is why we need to work with your attorney to discuss some of the specific details regarding your case. How to Qualify for a Lawsuit Loan As was mentioned, you will need to start by hiring an attorney. We typically can only offer you a lawsuit loan if you have professional legal representation. From there, your eligibility for pre-settlement funding will depend entirely on the strength and value of your legal case. The stronger your claim, the more likely you are to qualify for a lawsuit loan. Beyond that, the higher the expected value of your case, the more cash we will be able to offer you upfront. To be clear, this means that we do not factor in your credit score, your employment history, or your current financial status. At Ally Lawsuit Loans, we will never charge upfront, out-of-pocket fees. In addition, we do not even need to run a credit check at all. Instead, we will work with your personal injury attorney to assess your case and help you find the best available option to get an immediate cash advance on your future settlement offer. Our team will work with you to find the best solution. Why You Should Choose Ally Lawsuit Loans Pre-settlement funding is available to help you when your attorney cannot. Under rules promulgated by the American Bar Association (ABA), personal injury lawyers are not in a position to offer lawsuit loans to their clients. Indeed, they are generally barred from giving their clients money to handle their bills. This is where our company can help. At Ally Lawsuit Loans, we will work directly with your legal representative to ensure that you get access to the money that you need while your case makes its way through the system. We are committed to offering clients: The lowest rate lawsuit loans — guaranteed;An easy, efficient application process; Access to your funds in as little as one day; andFriendly, helpful, 24/7 customer support services. Preparing an application for a lawsuit loan can be confusing, stressful, and even overwhelming. Our team is here to remove the burden and stress. Regardless of the specific nature of your case, we will work with you to find the best available lawsuit loan funding solution. If you need money now, let us help. Apply for a Lawsuit Loan Today At Ally Lawsuit Loans, we understand that the personal injury claims process is often slow and frustrating. Our lawsuit loan specialists are here to help relieve the financial burden on your family. We will get you the lowest rate structured settlement — guaranteed. To apply for a lawsuit loan now, please contact our team right away.
At Ally Lawsuit Loans, we are committed to offering plaintiffs better, faster, and more affordable pre-settlement funding. If you are waiting for your personal injury settlement, your workers’ compensation payments, or the resolution of any other lawsuit, we have immediate pre-settlement lawsuit funding options available. Here, our lawsuit funding specialists answer some of the frequently asked questions we receive about pre-settlement lawsuit financing. PRE-SETTLEMENT FUNDING FAQ Will I Be Able to Qualify for Lawsuit Funding? Your eligibility for a pre-settlement lawsuit loan will depend on a number of different factors; most notably, the value of your legal case and the likelihood that liability will be established. The more likely you are to win your case, the more likely your lawsuit loan application will be approved. To be clear, your credit score and your personal financial situation do not matter. They will not be considered. Further, our company will not deny settlement funding because of debts that are unrelated to your case or other adverse financial information in your past. Every application for lawsuit funding will be reviewed and assessed on a case-by-case basis. If you were injured in an accident and you are bringing a claim against another party, there is a good chance that you will qualify for some level of pre-settlement funding. Return to top ↑ How Long Does it Take to Get Funding? Our team is committed to helping clients get lawsuit loans as fast as possible. When approved, you will receive your lawsuit funds in as little as 24 hours. PRE-SETTLEMENT FUNDING FAQ How long will it actually take to get approval? The length of time will vary based on several different factors. In general, the most important variable is how long it takes us to get all of the relevant documents and records from your personal injury attorney. The faster your attorney can supply our company with the information that we need, the sooner you will get your pre-settlement lawsuit loan. This means that you can expedite the process by working with your lawyer to get us the information more quickly. Return to top ↑ OUR LOWEST RATES: SETTLEMENT FUNDING Find Out Why Ally Lawsuit Loans Offers the Best Rates in the Industry 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 funding. Click here to read about Ally Lawsuits rates Will My Personal Injury Attorney Be Involved? Yes. Your personal injury lawyer will be directly involved in obtaining this loan. Not only will your lawyer need to submit some key information to our company, but your legal representative will also likely be required to sign a document called an ‘Acknowledgement by Counsel’ form that ensures that you fully understand the terms of the lawsuit funding agreement. We strongly recommend that you consult with your lawyer before signing any agreement with any lawsuit funding company. Return to top ↑ PRE-SETTLEMENT FUNDING FAQ How Much Funding Will I Receive? How much money you will be eligible to receive in pre-settlement funding depends entirely on the severity of your injuries and the strength of your legal case. As a broad rule, settlement funding companies will offer lawsuit funding that is worth somewhere between ten and twenty percent of the value of the underlying cause. That being said, regardless of how much you are qualified to receive, we strongly recommend that you only take what you actually need. Lawsuit funding is not free. While Ally Lawsuit Loans offers funding at the lowest interest rate — 100 percent guaranteed — we do not want you to pay any more than is necessary. We simply want you to get the funds that you need to pay your medical bills, cover your living expenses, and support your family while you await your settlement. Return to top ↑ PRE-SETTLEMENT FUNDING FAQ What are Your Pre-Settlement Loan Rates? Pre-settlement lawsuit funding can be complicated. Unfortunately, there are some companies that offer this type of funding at high rates or with hidden fees. We are committed to providing plaintiffs with pre-settlement lawsuit funding at the lowest interest rate. The specific rate will always vary depending on the nature of your case. The stronger the underlying cause, the lower the financial risk for our company. We pass those savings on to our clients. That is what separates us from other companies. If you were seriously injured and you have a very strong personal injury case, we can offer you a lower interest rate. Remember, interest rate matters. As noted by Investopedia, compound interest can add up quickly. Return to top ↑ What Happens If I Lose My Case? Unless your case has already been settled and you are simply waiting for the insurance company to process the check — meaning you might need post-settlement funding — there is some level of risk involved with bringing a legal claim. If you are considering applying for lawsuit funding, you may be concerned that you will get stuck with the bill if you do not win your case. Do not worry. At Ally Lawsuit Loans, we offer clients risk-free funding. A lawsuit settlement loan is what is known as a non-recourse loan. As explained by the Internal Revenue Service (IRS), non-recourse debt is one that does not grant the lender the right “to pursue anything other than the collateral.” In other words, when we offer to fund, we are purchasing a percentage of your future value in your case. If that case turns out not to be worth anything — because the case was lost — then you do not have to pay back anything. No strings attached. Return to top ↑ How Do I Choose a Lawsuit Funding Company? Picking the right legal financing company can be challenging. There is a seemingly never-ending list of options available. You need to find a reliable lawsuit funding company that will provide pre-settlement loans at the lowest rates and under fair terms. At […]