Filing a lawsuit is one of the most powerful tools we have in our society to enforce our legal rights.
Any time someone causes damage to you through their negligent or intentional actions, you are entitled to compensation. However, even knowing this fact, filing a lawsuit is a daunting prospect for many.
We may fear retaliation in the form of countersuits. We may fear the high cost of an attorney and court fees. Or we may fear that we will lose the lawsuit and end up in a worse situation than before filing the suit.
Kansas lawsuit settlement loans are an excellent tool you can use to assuage these fears.
What Is a Lawsuit Loan?
A lawsuit loan is, effectively, a sort of cash advance in Kansas. A lawsuit loan differs from other forms of advance loans in Kansas in that it is a non-recourse loan. People also refer to lawsuit loans as a form of pre-settlement funding.
Recourse loans look more traditional. A loan may be secured by collateral, such as a mortgage or car loan. If the borrower defaults, then the lender can seize the asset. For example, someone who defaults on a car loan may have their car repossessed by their lender to cover the outstanding debt.
But if the collateral is insufficient to cover the debt or if there is no collateral, then the lender can recover the remaining debt by obtaining a judgment in court and then seizing any of the borrower’s assets that amount to the total outstanding debt.
However, unlike with recourse loans, the collateral in a non-recourse loan is a specific asset and only that asset. In the case of a lawsuit loan, the asset is the future settlement of a legal dispute. If a lawsuit is not successful, the lender of a lawsuit loan cannot recover the debt. Unlike with other cash loans in Kansas, the risk to a borrower is very low.
How Can a Lawsuit Loan Help Me?
A lawsuit loan can help you fight for your rights and adequate compensation more effectively. If you are waiting for a lawsuit to settle and are in a pinch financially, it may be tempting to take the first settlement offer you receive. Even if the settlement offer does not fully cover your damages, you may have bills due immediately. I
f you are in such a situation, you may find yourself having to choose between two poor options. On the one hand, paying the bills on time and taking a lowball settlement offer or, on the other, not paying the bills on time and waiting for a better settlement offer.
Neither option is just or fair, and neither option is helpful financially. A traditional cash advance loan may be tempting, but a lawsuit loan is a lower-risk option for an advance loan in Kansas.
Am I Eligible for a Lawsuit Loan?
To be eligible for a lawsuit loan, you must have hired a lawyer who is filing a lawsuit seeking compensation on your behalf. Ally Lawsuit Loans provides a top-notch pre-settlement funding service.
We offer the lowest rate in the industry guarantee, application processing within 24 hours, and a guarantee that you won’t have to repay us a penny if you lose your lawsuit.
How Can I Apply for a Lawsuit Loan?
We will first contact your attorney to figure out the details of your case. After consulting with your attorney, we will have an answer for you.
Once approved, we will get you the money you need within 24 hours. Life won’t always wait for your settlement, so you deserve an ally. Contact Ally Lawsuit Loans today!