How to Find the Best Lawsuit Loan Company for You

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.

Best Lawsuit Loan Companies

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.

  1. Ally Lawsuit Loans (what can we say, we're biased 😊)
  2. Peachtree Financial Solutions
  3. Oasis Legal Finance
  4. The Legal Funding Group
  5. Buckeye Legal Funding
  6. Prime Case Funding
  7. Momentum Funding
  8. Fair Rate Funding
  9. Case Cash
  10. Cherokee 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.

Settlement Checks: How Long Can a Lawyer Hold Money in Escrow?

| Read Time: 2 minutes

Litigation can last for months or years, so you probably felt excitement when you finally reached a settlement. However, your settlement award may be harder to access than you imagined. For instance, some lawyers hold your settlement check for months, delaying your access to the cash you need. The settlement check process is one more hurdle you must overcome in resolving your claim. So how long can a lawyer hold money in escrow? We give you an overview of the settlement check process here. Four Steps to Getting a Settlement Check To get your settlement check, you must resolve these four matters. Signed Release Forms When you reach your settlement, you must sign a release form. This form is a legal document that states you will not pursue further legal action on the same claim. Expect to sign a release form for each defendant in your claim. Your lawyer will carefully review the terms of the release form before you sign, and you can request modifications if necessary. Delayed Payment State law should give the defendant a timeline for paying the settlement. Some defendants wait until the last moment allowed by state law to pay your settlement, causing delays in receiving the money you’re owed. Check Clearance When the defendant pays your settlement, the money goes to your lawyer, who holds it in an escrow account. The check may take up to a week to clear, and then the funds are available to pay debts. Once the check clears, your lawyer takes their fee from the funds and next pays other liens and lawsuit-related bills. Settlement Lien Payment During your lawsuit, parties may have placed liens on your settlement. A lien gives someone else the right to your property to pay a debt. For example, if you have unpaid medical bills, the hospital or doctor may place a lien on your settlement. Your lawyer will also use your settlement funds to pay expenses related to litigating your case, including: Expert witness fees,Private investigator fees, andMedical examinations.  Your lawyer can quickly pay most liens on your account once settlement funds are available. However, government liens, such as those from Medicaid, can take longer to resolve. After your money moves through these four steps in the settlement check process, your lawyer sends the remaining balance to you. Unfortunately, delays at each step can cause you to wait weeks or even months for access to your settlement funds.  Access Settlement Funds Faster If you need access to your settlement check sooner, Ally Lawsuit Loans can help. Ally Lawsuit Loans offers cash advances on your lawsuit settlement. You pay back the cash advance when you receive your settlement.  Here are some things you should know about Ally Lawsuit Loans: We offer the lowest rate guarantee in the industry; You pay nothing back if you lose your case; and You can qualify for a lawsuit loan within 24 hours. To find out more about getting a lawsuit loan or to start your application, contact Ally Lawsuit Loans. You shouldn’t have to stress while you wait for the slow settlement check process, so we’re here to make the wait easier.

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How Much Is Your Slip and Fall Claim Worth?

| Read Time: 3 minutes

A slip and fall injury may seem like a relatively minor injury to some. However, if you have a slip and fall, you know that this isn’t always the case. Slip and fall injuries come in just about every form. Traumatic brain injury (TBI), paralysis, whiplash, and broken bones are just a few possible slip and fall injuries. Such injuries can be quite costly. According to the CDC, unintentional injuries cost Americans more than $450 billion per year in medical and work loss costs. Of those costs, more than one-third are from fall-related injuries. That means that fall-related injuries cost Americans about $150 billion per year. No metric would consider that amount insignificant. Lawsuit Loans Help While the Legal Process Runs Its Course If you have a slip and fall injury caused by someone else’s negligence, you are entitled to recover damages. If you’re reading this, you likely plan on hiring a lawyer to file a lawsuit or have already done so. Settlements don’t happen overnight, but medical bills come quickly, and life won’t wait for your settlement payment.  If you’re filing a lawsuit and need financial assistance while you wait for your case to settle, a lawsuit loan is an excellent option. Ally Lawsuit Loans is an industry leader in pre-settlement funding. If you’re considering pre-settlement funding, you will want to know how much you should borrow. A good way to answer that question is to ask about typical slip and fall cases’ payouts. While each lawsuit is different, a few factors can help you estimate what your slip and fall claim is worth. Estimating the Worth of a Slip and Fall Claim To get a general idea of what your slip and fall claim is worth, the most important things to consider are the severity and type of injuries and damages. Generally, the more severe your injuries, the more your claim is worth. More costs bring a higher settlement. To illustrate what this may look like in practice, consider two hypothetical examples. Example One In the first example, consider you have a severe slip and fall accident. You hit your head, suffering a concussion, and break your ankle while falling. An ambulance takes you to the hospital. There, your ankle requires surgery and a three-day stay to monitor your potential brain injury. You miss work during that time. Once your hospital stay finishes, you can’t work for a month as you recover from your surgery. Furthermore, you need physical therapy for a few months to fully heal. Luckily, the concussion does not leave long-term effects. However, you see a brain injury specialist a couple of times to ensure that more serious problems are not lurking below the surface. Example Two Now, consider a less severe slip and fall accident. In this case, you slip on a wet spot at the supermarket and fracture your wrist. Your spouse drives you to your physician the next day so you can get an x-ray. You find out that you will need to wear a cast for a few weeks. You have to miss work during that time, but otherwise, you fully recover. Comparison These two examples are drastically different. As such, the settlement of their clams will also be drastically different. The first example requires surgery, emergency transport, a hospital stay, continuing care, and medical specialists. Such costs add up very quickly, so to fully recover damages, the claim’s settlement will be very high. Contrast this with the second example, where you saw a normal physician and missed work. While such medical bills are not insignificant and missed work requires compensation, the final settlement will be dramatically less than the first example. The best way to estimate your settlement amount is to add up all the injury’s various costs. Your Attorney Can Help You Estimate the Claim Amount Your attorney can help you estimate your final settlement amount. They know all the facts and circumstances of your case. With this information and their prior experience with similar cases, they can help you add up all your injury’s economic and non-economic costs to come up with an estimate of your final settlement amount. Considering a Lawsuit Loan? If you’re considering a lawsuit loan for a slip and fall claim, contact Ally Lawsuit Loans today. Our application process is quick and easy. Furthermore, we offer a lowest-rate guarantee and 24-hour application turnaround. Best of all, if your claim is not successful, you won’t owe us anything. You deserve an ally while you wait for your settlement, so contact Ally Lawsuit Loans today!

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How to Calculate Knee Injury Settlement Value

| Read Time: 3 minutes

A knee injury can put you out of commission for quite some time. Such an injury can impact many facets of your life. Even a seemingly minor injury can worsen, and the ripple effects can compound quickly. One of the most common questions that people with knee injuries ask about is, What is the knee injury settlement average? If you are shopping for a lawsuit loan, this is an important question to ask. After all, you want to know how much you should borrow to cover your finances until the final settlement comes down. Every Settlement Is Different The question of average knee injury settlement amounts is difficult to answer quickly. Since every knee injury is different, and every accident that causes a knee injury is also different, every settlement is unique. The final amount of each knee injury settlement depends on a number of different factors and circumstances. However, with that said, a few things will help you estimate the potential size of your final knee injury settlement. Severity of Injury The first factor to consider in estimating the final settlement amount is the severity of the knee injury. A more severe knee injury is going to require more medical care than a minor knee injury. As such, the more severe injury will generally lead to a higher average settlement amount. Serious knee injuries may require ongoing physical therapy to recover fully, which will undoubtedly increase the final settlement amount. On the other hand, for a knee injury that heals without surgery and physical therapy, the final settlement amount will relatively speaking, be smaller. Type and Extent of Damages  To further estimate your final settlement amount, you can take stock of what damages you suffered as a result of the injury and the accident. Some of the types of damages that will push your final settlement up in value are: Property damage related to the accident;Emergency medical care at the time of the injury;Surgery to treat the injury;Physical therapy to recover from the injury;Other medical specialists to deal with the injury’s effects;In-home help while recovering from the injury; orMissing work as a result of the injury and its ensuing recovery. This list is just an example to show what different types of damages can arise from a knee injury. There are other types of damages that you may suffer from that will also increase your settlement’s final amount. Use this list as a starting point for your calculations. Generally, the more of these factors that are relevant to you, the higher your final settlement. Speak With Your Lawyer Perhaps the best way to get an idea as to what your final settlement will look like is to contact your attorney. Your attorney should know all the facts and circumstances surrounding your case. Your lawyer can then combine this information with their knowledge from prior experience in similar cases. Combining it all, your lawyer can help you calculate a rough estimate of what a fair settlement of your case will look like. Contact Ally Lawsuit Loans Today A lawsuit loan is always helpful to bridge the financial gap between filing a lawsuit and settling it. Whether you need financial help while waiting for a knee injury car accident settlement or a slip and fall knee injury settlement, Ally Lawsuit Loans is here to serve you. Ally Lawsuit Loans financing is always risk-free; if your case doesn’t settle, you won’t owe us anything. Furthermore, we offer 24-hour application turnaround and a lowest-rate guarantee. Life won’t wait for your settlement, so you deserve an ally. Apply with Ally Lawsuit Loans today!

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