How to Shop for Lawsuit Loans

Best Lawsuit Loan Companies

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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; and
  • Professional 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.

How to Find the Best Lawsuit Loan Companies

| Read Time: 3 minutes

If you need financial stability while waiting to settle your lawsuit, you’re probably aware that there are several pre-settlement loan companies who want a portion in exchange for a cash advance. It is essential that you know how to separate the best pre-settlement loan companies from the deceptive ones. The lender 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. 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. Ally Lawsuit LoansPeachtree Financial SolutionsOasis Legal FinanceThe Legal Funding GroupBuckeye Legal FundingPrime Case FundingMomentum FundingFair Rate FundingCase CashCherokee Funding Top 5 Questions to Ask a Lawsuit Loan Company 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 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. Contact a Reputable Settlement Loan Company 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.

Read More

Are Car Accident Settlements Taxable?

| Read Time: 3 minutes

If you receive a settlement from a personal injury case involving a car accident, you might be wondering if you owe any taxes on your settlement earnings. According to the IRS, if you receive a settlement due to physical injuries or sickness and don’t take an itemized deduction for medical expenses due to the injury, your settlement isn’t taxable. However, there are some exceptions to this rule depending on the details of your personal injury case. So, are car accident settlements taxable? In this article, we will explore the different factors in your case that affect the taxability of your settlement earnings. What Portion of My Car Accident Settlement is Taxable? Your car accident settlement might be taxable in certain instances. The type of compensation the IRS finds taxable in personal injury cases includes: Lost wages;Damages due to emotional distress;Punitive damages; andInterest earned on a settlement. Since lost wages replace what you would have earned working, the IRS considers this type of compensation as regular wages. In fact, the IRS taxes compensation for lost wages similarly to regular wages. However, if you receive multiple years of lost wages in your settlement, you might be taxed as part of a different tax bracket. For example, if you usually earn $30,000 per year and you receive $90,000 of lost wages in your settlement, your federal tax bracket changes from a 12% income tax rate to 24%. What Parts of My Car Accident Settlement are Tax-Exempt? Usually, compensation for physical injury isn’t taxable in a car accident settlement. Whether you settle your case before or after filing a lawsuit, you don’t have to pay taxes on your settlement earnings.  Generally, any damages you recover as a result of an injury or illness aren’t taxable at the state or federal level. This includes pain and suffering in many cases. How to Reduce Your Car Accident Settlement Tax Obligation If you work with an attorney, you might be able to reduce or even eliminate your tax obligation. To reduce the amount of taxable earnings in your settlement, ensure that you classify your damages carefully.  You might also consider exploring structured settlements instead of a lump sum settlement. Since structured settlements split your compensation into multiple installments, you may be able to exclude some of your settlement earnings from your current tax year. Need Help Paying Bills While Waiting for a Settlement? Apply for Funding Through Ally Lawsuit Loans Today If you sustain injuries in a car accident, you might not know how to keep financially afloat while you recover. While waiting for your personal injury settlement, expenses like medical bills, attorney’s fees, rent, and more might pile up, especially if you can’t work. If you ever find yourself in this position, consider pre-settlement legal funding from Ally Lawsuit Loans. Our loans give plaintiffs peace of mind while they wait for their lawsuit to settle. Not only do we guarantee the lowest rates in the industry, but we also offer risk-free funding. If you don’t win your case, you don’t have to pay us back. If you would like to apply for a lawsuit loan or want to know if your potential car accident settlement is taxable, give us a call at 844-545-6246. We deliver cash to applicants within 24 hours of approval.

Read More

Hit and Run Lawsuit Loans

| Read Time: 2 minutes

Like any accident, hit-and-runs leave a devastating impact on your physical and financial well-being. If you sustain injuries from a hit-and-run accident, you might need help paying for medical treatment or other living expenses while you recover. Thankfully, pre-settlement funding can help you keep you financially afloat while you wait for your hit-and-run lawsuit to settle. Here’s what you need to know about hit-and-run injury claims and how a lawsuit loan may help. What to Do If You Are a Victim of a Hit-and-Run If you ever get hit by a driver and they flee the scene, immediately contact the police. When the police find the suspect, you may file a claim against their insurance company. However, if the police cannot find the driver, you must file a claim with your auto insurer.  In the event of a hit-and-run accident, you should follow these steps to ensure your safety and build your case: Call 911 and request an ambulance if you are injured;Try to write down as much information as you can about the suspect’s vehicle including the model, year, color, and license plate number;Get checked out by a doctor even if you don’t have serious injuries to make sure you don’t have any internal injuries;Take photos of the scene, including your injuries and damage to your vehicle;Record statements from potential witnesses who saw the accident; andContact a personal injury attorney before speaking with the insurance company. If you end up filing a hit-and-run lawsuit, this information may help strengthen your claim. Do not take any blame for the accident or allow the insurance company to take a recorded statement. They might use this information to lower or completely deny your claim. Check Your Insurance Policy for Uninsured Motorist Coverage Make sure you check your auto policy to see if you have uninsured motorist coverage (UIM). This type of coverage typically covers damage you or your car sustains in a hit-and-run accident, especially if police cannot catch the suspect. This portion of your policy also covers medical treatment costs, lost wages, and other damages if you have injuries. Apply for Legal Funding Through Ally Lawsuit Loans Today We understand how difficult it is to recover after suffering injuries in a hit-and-run crash. Often, these injuries put you out of work, causing bills to pile up as you receive treatment. At Ally Lawsuit Loans, we provide pre-settlement funding to plaintiffs who cannot wait for their hit-and-run lawsuit to settle. Our risk-free loans provide cash to you for a variety of expenses while you recover, including rent, groceries, medical bills, legal fees, and more. Most importantly, you don’t have to pay back the loan unless you win your case. If you have any questions about our hit-and-run lawsuit loans or would like to apply, give us a call at 844-496-6446. We guarantee the lowest interest rates in the industry and provide cash to approved applicants within 24 hours.

Read More