Pursuing a personal injury claim can be time-consuming. You may be waiting to reach an agreement via settlement negotiations.
Or your case may be going to trial. If you have a pending case in litigation, it could take a year or more before it resolves and you see any financial compensation.
Understandably, many injured victims want to know if they can obtain settlement money early on in their case.
Insurance companies know injured victims are likely going through financial struggles.
You might assume the defendant’s insurance company will be sympathetic to your pain, but they are not.
They may offer you money to settle your claim now, but there’s an excellent chance that it’s much less than your case is worth.
By extending a settlement offer now, they can limit their exposure and extinguish all future claims. So how can you get settlement money early without getting less than you should have coming to you?
How to Get Settlement Money Early?
Pre-settlement funding is one potential option to get money now to cover your mounting bills and living expenses.
At Ally Lawsuit Loans, we offer injured victims an opportunity to get settlement money early without compromising their pending case.
This option is typically referred to as a lawsuit loan, although it’s not a conventional loan.
You don’t need perfect credit, steady employment history, or any type of collateral. Pre-settlement funding is available in most types of personal injury cases.
Bill collectors typically don’t care if you’re injured or have pending litigation. They want their bills paid now and are not likely to sit around for months to wait for your case to resolve.
If you have severe injuries, it could be weeks or months before you can return to your job. In some cases, your injuries may be so severe that you won’t be able to return to your prior profession.
If the insurance company offers you money while you’re still treating, be wary. If a skilled personal injury lawyer does not represent you, hire one as soon as possible.
Consider a case where you have a broken leg that requires surgery. You are still undergoing physical therapy when the insurance company offers to resolve your claim and send you a check now.
If you accept the insurance company’s settlement offer, you cannot ask for more money later should your leg require another surgery or you have residual pain.
Rather than allow yourself to be pressured by the insurance company, you can apply for a lawsuit loan that will enable you to get settlement money early without jeopardizing your overall compensation.
That means even if your case is tied up in litigation for the next one to two years, you have money now.
How Do Lawsuit Loans Work?
Lawsuit loans can provide you with the necessary cash so you can pay your living expenses, cover outstanding medical bills, etc.
This assistance is beneficial for victims who cannot work due to their injuries. You might receive disability from your work, but it’s not likely enough to cover all your regular expenses.
With a lawsuit loan, you can catch up on your rent, mortgage, car payment, insurance, or whatever else. There are no restrictions on what you use the money for once you receive it.
If you do not recover compensation in your pending lawsuit, you do not need to pay back the lawsuit loan either. That means no harassing bill collectors or negative credit marks either.
You might be wondering what the catch is? There are no hidden terms here if you choose to apply for a lawsuit loan and get settlement money early.
If your attorney successfully recovers compensation on your behalf, the loan repayment will come from your case proceeds.
The benefit of pre-settlement funding is that it allows you to tap into your potential settlement money now while your attorney continues to fight on your behalf.
If your case is already in litigation, it could be a year or two before you see any settlement money, whether it’s from a trial or continued settlement negotiation talks.
Are You Ready To Apply?
We offer 24-hour approval on structured settlement loan purchases. Then, we bring your structured settlement to the court for approval.
Applying for Pre-Settlement Funding Through Ally Lawsuit Loans
Applying for a lawsuit loan through Ally Lawsuit Loans is simple. As previously mentioned, there are no credit checks or employment verifications.
You will fill out a form or call one of our helpful representatives, who will ask for some basic information.
The next step is for us to speak with your attorney to learn more about your case. Once we have reviewed everything, we will let you know whether your lawsuit loan is approved.
Once your case is approved, you will have your money within about 24 hours. We offer multiple methods of receiving funds.
Choose the option that is most convenient for you. Should your case go to trial and you lose, you won’t repay the loan.
Why Choose Ally Lawsuit Loans?
Multiple pre-settlement funding companies can help you get settlement money early, so you might be wondering why you should choose Ally Lawsuit Loans.
We strive to always provide the lowest interest rates in the industry. Our agreements contain clear and concise language, and we don’t have any hidden fees or unfair finance charges.
If you have any questions about the process and whether a lawsuit loan is right for you, our representatives are available to talk.
Personal injury matters can take years to resolve. Don’t put you and your family through an added financial hardship when you have options to get your settlement money now.
Let the skilled team at Ally Lawsuit Loans help. We understand what a stressful time this is for you. Please don’t go through it alone. Let us be the ally you need. Contact us today to learn how Ally Lawsuit Loans can help.