Is a Good Credit Score Needed to Apply for a Lawsuit Loan?

is good credit score needed for lawsuit loan

If you’re looking to apply for pre-settlement funding, you might wonder, what is a good credit score for a loan?

Fortunately, your credit score won’t impact your ability to get a lawsuit loan through Ally Lawsuit Loans.

We understand your concerns, but you don’t need to endure the additional stress of wondering whether your credit will keep you from getting funding.

You can get a loan on your settlement, providing your case qualifies. 

How Pre-Settlement Funding Works 

Pre-settlement funding is also called a lawsuit loan, but it’s not a typical loan in the traditional sense. It’s a unique type of funding available for many kinds of personal injury claims.

Unlike conventional loans, lawsuit loans are non-recourse, meaning you are not personally liable for the repayment. The amount you receive is repaid directly from your settlement.

Consequently, your credit score doesn’t carry the same weight it would when applying for a traditional loan.

In fact, at Ally Lawsuit Loans, we do not require a credit check because your ability to repay the loan depends on the successful resolution of your lawsuit, not your creditworthiness.

Credit Scores and Lawsuit Loans 

So, does a lawsuit affect your credit score? The answer is no. Taking a lawsuit loan does not impact your credit score because it’s not reported to credit bureaus.

It’s a cash advance against the expected settlement from your lawsuit. Therefore, winning or losing your case won’t leave a mark on your credit report.

Additionally, getting a lawsuit loan from Ally Lawsuit Loans has multiple benefits, such as the following: 

  • No Monthly Payments. We understand the financial strain a lawsuit can put on you. Therefore, you do not have to worry about monthly payments while your case progresses.
  • No Hidden Fees. We are fully transparent about our fee structure at Ally Lawsuit Loans. There are no hidden costs or surprising charges.
  • Fast Approval. We know time is critical in these situations. Hence, we strive to approve your application within 24 hours.
  • Risk-Free. We believe in your case as much as you do. If you do not win your case, you owe us nothing. Yes, you read that correctly. If you lose, you keep the money and owe us nothing.

As you consider options for managing your financial situation during a lawsuit, you might ask, Can I get a loan on my settlement? In most cases, the answer is yes.

A lawsuit loan gives you an “advance” against the expected settlement from your lawsuit. It allows you to pay bills and focus on your case rather than worrying about financial pressures.

Why Apply with Ally Lawsuit Loans?

We are committed to providing lawsuit loans with low-interest rates at Ally Lawsuit Loans. We don’t want the solution to become another problem.

Our pre-settlement funding options can offer the financial cushion needed to navigate the litigation process confidently. You can let your lawyer proceed with your case and still pay monthly expenses and other financial obligations. 

Don’t let financial worries distract you from the justice you seek. Ally Lawsuit Loans stands ready to help, delivering ethical, speedy, and low-interest lawsuit loans to help you through this challenging time.

You can relax some, knowing you don’t need a good credit score for a loan. Your creditworthiness does not define your eligibility for our pre-settlement funding options. 

Contact Ally Lawsuit Loans 

When you’re ready to apply for a lawsuit loan, please contact Ally Lawsuit Loans to discuss your needs and find out how our lawsuit loan options can help you bridge the financial gap during your lawsuit.

Our experienced team is ready to assist you. Apply online today or call to speak with a helpful representative to learn more.

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