Need cash while you wait for your case to settle? If yoou search the web to find the best lawsuit loan company. What do you find? A bunch of companies claiming that they're the best. Here are tips to find the best lawsuit funding company for you.
The fact is, most of these companies are basically the same.
They make money the same way and they advertise the same value propositions: We're the fastest! We have the lowest rates! We have the best reviews!
What Does it Mean To Be The Best Lawsuit Loan Company?
If every company claims that they are the best, and they all give the same reasons as to why they are the best, how do you choose one?
Well, you need to decide what it actually means for a lawsuit loan company to be the best one for you.
Here's what we think it means:
They Care About Doing Right By You Above All Else
We'd be lying if we said that turning a profit wasn't the reason why we're in business. But it's not what's most important to us. We do what we do because we believe in helping plaintiffs.
What does that mean?
It means that if after speaking with you and your attorney we conclude that it's not in your best interest to provide you with a pre-settlement advance, we will be honest and tell you that because we care more about doing the right thing than about making money.
They Communicate Clearly and Efficiently
There is nothing more frustrating than when a settlement funding company fails to communicate clearly or to respond to you in a timely manner.
When you apply for pre-settlement cash with Ally Lawsuit Loans you can be sure that we will make every effort to get back to you as soon as we possibly can, and that we will always make it abundantly clear to you what information we need from you in order to give you the best possible terms on your advance.
They Know How to Work with Your Attorney
The most essential aspect of getting a settlement loan is the cooperation and participation of your attorney.
Your lawyer is your advocate – they have a moral and ethical obligation to look out for your best interests.
At Ally Lawsuit Loans we have a deep respect for the legal profession, which is what enables us to work so effectively with your attorney to:
- Determine whether settlement funding is in your best interest
- Secure the amount you need at the lowest possible rate.
They Really Can Provide the Lowest Rate
We understand that you need to be able to keep as much of your settlement money as possible after taking an advance.
At Ally Lawsuit Loans we've built on the entire business with this in mind.
It's why we've kept our overhead low, why we don't charge processing or application fees, why we don't charge compound interest, and why we base our rates exclusively on the merits of your case.
They Have a History of Happy Clients
Unfortunately, there are some pre-settlement funding companies that fall under the category of "fly-by-night". Not us. We've been helping folks access the cash they need pre-settlement since 2015.
Here are some of the things past clients have said about us:
"Ally lawsuit was a lifesaver... Very professional and efficient people and great to work with. If you need funding Ally Lawsuit Loans is the way to go during a lawsuit...They are the real deal."
– Christopher Phillips ⭐⭐⭐⭐⭐
"I was in such a bind after my accident. I didn’t know what I was going to do. Bills were piling up like crazy and I was about to get thrown out if my house. Thank God for Ally Lawsuit Loans. They hooked me up with a loan super fast. Thank you thank you thank you! I will definitely use you again if I ever get into another accident. God bless."
– Denise Wallace ⭐⭐⭐⭐⭐
"Working with Ally was great. They got me funded within 24 hours and I received my check the next day. The interest rates on the loan itself are the lowest I found. I would definitely recommend them to anyone who needs a lawsuit loan."
–Linda Kessler ⭐⭐⭐⭐⭐
If you're looking for the best pre-settlement companies we hope you'll consider applying with Ally Lawsuit Loans. We look forward to hearing from you.
Not ready to apply? No problem.
Below we'll provide a list of 10 of the most reputable lawsuit funding companies for you to choose from, and we give more advice for questions you should consider before choosing a pre-settlement loan company.
Apply for Pre-Settlement Funding.
No credit check. Fast approval. Lowest rate.
10 of the Best Lawsuit Loan Companies
Below is a list of the top 10 best lawsuit funding 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 😊)
- Nova Legal Funding
- Peachtree Financial Solutions
- Oasis Legal Finance
- The Legal Funding Group
- Buckeye Legal Funding
- Prime Case Funding
- Legal Bay Lawsuit Funding
- Fair Rate Funding
- Case Cash
5 Questions to Ask Before Choosing the Best Lawsuit Funding Company for You
While looking for the best pre-settlement loan 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 settlement loan company.
1. How Do You Set Pre-Settlement Loan Interest Rates?
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 legal funding company that charges the same pre-settlement loan interest rates 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 Choose Ally Lawsuit Loans For Your Case
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 will send you a cash advance within 24 hours of application approval.
Frequently Asked Questions
What is a Lawsuit Loan?
A lawsuit loan, also known as legal funding, is a financial arrangement where individuals involved in a lawsuit borrow money from a specialized company.
This borrowed sum is typically based on the expected outcome of their lawsuit. These loans help plaintiffs cover immediate expenses, such as medical bills or living costs, while their legal case is pending.
In return, borrowers agree to repay the loan with interest and fees once their lawsuit concludes, either through a settlement or court judgment.
While lawsuit loans can provide financial relief during legal proceedings, it's important to be aware of their potentially high costs compared to traditional loans.
How Will My Attorney Be Involved In The Lawsuit Funding Process?
Yes, your attorney will be involved in the legal funding process. Lawsuit funding companies typically require the involvement of your attorney because they need to assess the merits of your case and the likelihood of success.
Your attorney's cooperation is essential in providing the necessary information and documentation, as well as confirming that the loan is in your best interest.
Additionally, your attorney may need to sign a document acknowledging the lien that the funding company places on the potential settlement or judgment proceeds to ensure repayment.
It's advisable to discuss the funding process with your attorney and Ally Lawsuit Loans to ensure a smooth and transparent arrangement.
How Many Pre-Settlement Loans Can I Get?
If you already received a pre-settlement loan, you may still be eligible to obtain a second loan or even a third loan.
We have worked with many clients who have already received a lawsuit loan and need additional funding. Your eligibility for an additional loan will depend entirely on the estimated value of your settlement and the total amount of your initial loan.
We will not deny you simply because you have already received a pre-settlement loan. Apply today to see if you are eligible to receive additional funding.
Apply for a Settlement Advance with Ally Lawsuit Loans Today
We offer the lowest interest rates in the industry and provide cash advances within 24 hours of approval.