How Many Pre-Settlement Loans Can I Get?

presettlement funding

Pre-settlement lawsuit funding exists to help injured victims pay their bills and support themselves while they are waiting for their settlement check. Unfortunately, in many cases, it can take months or even years for plaintiffs to get a full and fair settlement from defendants or insurance companies. Of course, your bills are not going to wait that long for the claims process.

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 still be eligible to obtain a second loan or even a third loan. We frequently work with clients who have already received a lawsuit loan from another company.

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 loan.

Your application will be reviewed on its merits. Here, we explain the most important things that you need to know about applying for additional pre-settlement funding.

You Can Always Apply for an Additional Settlement Loan

There is no set limit to the number of lawsuit loans you can take out. In fact, plaintiffs frequently take out a second or third loan on their case. This is normal and understandable: it is very difficult to predict exactly how much pre-settlement funding you and your family will need.

In some cases, personal injury claims take far longer to settle than was initially anticipated. In other cases, a person’s day-to-day expenses may turn out to be higher than was expected.

It could be because their medical bills are higher, because they were forced to miss more time at work than they initially thought, or simply because they ran into some unexpected bills.

Regardless, if you took out less than the maximum available loan the first time, you will likely be qualified to obtain additional pre-settlement funding.

We Will Determine Your Current Loan Eligibility

As a starting point, our pre-settlement funding specialists will calculate your maximum loan eligibility. Of course, you do not have to take the maximum loan.

Indeed, we recommend that our clients only take what they need. You can always come back from another loan. At the same time, we also want our clients to know what options they have available.

If you have already taken out a previous lawsuit loan, you may still be eligible to obtain additional funding — especially if you took out less than you were offered as a ‘maximum’ loan the first time.

We know the lawsuit funding process can be complicated, particularly if you have taken out a previous pre-settlement loan. If you have any questions about the lawsuit lending process or your eligibility, we have put together a guide to pre-settlement funding that addresses many of the most common issues.

For specific questions, please contact our customer service team right away.

Why You Should Work With Ally Lawsuit Loans

If you are considering applying for a second pre-settlement loan, it is essential that you work with the very best lawsuit financing company. At Ally Lawsuit Loans, we are committed to providing the best services in the industry.

Sadly, some unscrupulous companies take advantage of plaintiffs — charging hidden fees or disguising terms.

You need a company that you can trust. We offer:

  • The lowest rate pre-settlement funding — guaranteed;
  • A clear, fair, understandable application process;
  • Your loan in as little as 24 hours; and
  • The best customer support services.

Applying for pre-settlement lawsuit funding can be a complicated and stressful process — especially if you have already taken out a previous lawsuit loan on the same settlement.

No matter the specific nature of your situation, our expert customer support team will walk you through the application process and help you find the best available solution.

Apply for a Settlement Loan Today

At Ally Lawsuit Loans, we are committed to helping plaintiffs get access to the funds that they need to support themselves and their family throughout the personal injury claims process. Our settlement loan specialists are here to answer all of your most pressing questions. To apply for a pre-settlement lawsuit loan, please do not hesitate to contact us today. 

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