Lawsuit Cash Funding: What Are the Right Questions to Ask?

lawsuit cash advance

Anyone who has filed a legal claim or a lawsuit already knows that the process can be slow and frustrating. This presents some potential problems for plaintiffs: You may have bills that are due now, but your settlement could still be months away.

Legal funding provides a solution.

That being said, before you accept a cash advance, you need to know that you are working with the right company and that you are getting the right terms.

At Ally Lawsuit Loans, we are proud to offer the lowest cost lawsuit cash advance — guaranteed. We want all current and prospective clients to have the information that they need to protect their financial interests.

Here, we highlight the questions you should ask before taking out a lawsuit loan.

Lawsuit Cash Advance Loans: Five Questions that You Need to Ask

1. Will I Be Required to Repay the Loan if I Lose My Case?

Legal claims always come with some level of risk. There is simply no guarantee that you will win your case or get a settlement until you actually have that check in your hands.

One of the first questions that you should ask a legal financing company is whether you will be required to repay the lawsuit cash advance if you lose your case. Plaintiffs can and should find a legal lending company that will offer you a truly risk-free cash advance.

At Ally Lawsuit Loans, our clients only pay us back if they win their case. Otherwise, they keep their money and owe nothing. Period.

2. What Rates and Fees Do You Charge?

Not all lawsuit lending companies charge the same rates. Before you accept a lawsuit cash advance, please make sure that you understand the fees and interest rates.

As Investopedia explains, higher interest rates are better for the lender — not for the borrower. Be sure that you find the lawsuit loan company that offers you affordable financing. Low rates are available.

We will get you the lowest interest rate lawsuit cash advance for your case.

3. Do You Require Monthly Payments?

To better understand the arrangement, it is a good idea to ask the lawsuit loan company if monthly payments will be required. The answer should be ‘no’. If monthly payments are required, then you are not actually getting a no risk loan. As a general rule, you should look for a legal lending company that offers the following terms:

  • No application fees;
  • No monthly payments;
  • No hidden fees;
  • No hidden terms or conditions;
  • No repayment until your claim is settled; and
  • No repayment if you lose your case.

The entire point of a lawsuit cash advance is to help plaintiffs get more financial breathing room while their legal claim is still pending. The last thing you need is another monthly payment to worry about.

4. How Will You Determine My Eligibility?

Of course, lawsuit loans are not available to everyone. In order to get approved for funding, you must have a viable legal case. When seeking a loan, you should inquire about the company’s specific eligibility standards.

As an example, imagine that you suffered a serious injury in a slip and fall accident. You brought a personal injury claim against the negligent business and you are now awaiting settlement.

You need to know exactly how the legal financing company will determine your pre-settlement personal injury loan eligibility.

5. What Steps Do I Need to Take to Get Funding?

Finally, you should ask about the specific steps in the application process. With some lawsuit financing companies, there are many hoops to jump through.

Fortunately, it does not always have to be that way. Transparency is important. It is best to look for a lawsuit loan company that will clearly explain the steps to you and that will work directly with you and your attorney.

In general, your attorney will be required to provide some basic documentation before your cash advance will be approved.

Apply for Cash Advance Lawsuit Funding Today

At Ally Lawsuit Loans, we provide funding to plaintiffs pursuing the full range of legal cases — from personal injury claims and car accident lawsuits to work injury cases and wrongful termination lawsuits. If you are considering seeking a cash advance on lawsuit, we are here to help.

You can apply for funding now through our website. Our top-rated customer support team is always standing by, ready to help you navigate the application process.

Top Questions You Should Ask Before Getting Lawsuit Settlement Funding

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At Ally Lawsuit Loans, we recommend that all our clients consult with their attorney before applying for legal financing with our firm. Regardless of your application’s details, we will always need to talk to your attorney before approving your loan. We talk to your attorney to do a few things. Namely, our purpose is to learn more about your case. The important information we need includes details like: The entire narrative of your case from an outside perspective;Your case’s chances of success or settling out of court; andAn estimation of the potential value of your claim. We learn more about your case and its chances of success to determine whether we can viably finance your claim. If you lose your claim, after all, we cannot recoup our expenses in your case. In the same way, we look at your claim’s potential value to determine how much we can offer to loan you. If we loan you more than your claim is worth, again we won’t recoup all our expenses. Always Consult With Your Attorney While we won’t deny your application outright if you neglect to speak with your attorney before applying, we highly recommend you do. That way, your lawyer is not caught off guard by our call, and everything will go as smoothly as possible. More than that, however, it is important to speak with your attorney to learn more about legal funding and lawsuit loans in general. Your lawyer is the third party to our transaction, so they have every incentive to give you their honest opinion. They also know what, perhaps, we don’t know about your case, and they may be able to offer some insight or advice. The best way to approach your lawyer about legal funding is to do so with a list of questions in mind. That way, you won’t forget anything. If you’re not sure where to start with your list of questions, feel free to borrow from our list of important questions you should ask before getting lawsuit funding. State Limits and Restrictions Always ask your attorney about your own state’s regulations on legal funding. While not all 50 states heavily regulate the legal funding industry, some do. Some states allow lawsuit loans only for specific types of civil cases, while others limit interest rates. Your lawyer can tell you all the relevant regulations. Prior Experience Get an insider’s op[inion by asking your attorney about previous clients who have used lawsuit loans. Is it common? What was their experience? Are there any lenders you should watch out for? These are all valid and pertinent questions. Reasonable Fees and Interest Rates Talk to your attorney about what fees and interest rates are reasonable given your case’s circumstances. Your lawyer can help you parse through different loan agreements and help you spot any hidden or otherwise unreasonable fees. The Value of Your Claim Always ask your attorney how much your claim is worth. The value of your claim will end up dictating the amount of money you can borrow, so it helps to have a ballpark estimate beforehand. Always keep in mind that any estimate is just an estimate. Your Case’s Chance of Success Like your claim’s value, your chances of success will impact your lawsuit loan. If your case is likely to lose, your lawyer will know and tell you that your loan may not get approval. If you find yourself in this situation, make sure you verify with your attorney that it is worth the time and effort to fight for your claim. Ready to Apply? If you’re ready to apply for legal funding, Ally Lawsuit Loans has you covered. We offer all our clients three separate guarantees: Lowest possible rates in the industry;Approval of your loan application within 24 hours; andNever pay us a penny if you lose your case. With this guarantee backing all our lawsuit funding, you can rest assured that you are getting the best service that the settlement funding industry has to offer. Don’t wait: talk to your attorney about legal funding, then apply with Ally Lawsuit Loans to get cash in your pocket ASAP.

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Is Legal Funding Actually a Loan?

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At Ally Lawsuit Loans we strive to ensure that all of our prospective clients have as much information about lawsuit loans and pre-settlement funding as possible. Time and time again, we see that our happiest clients are those that fully understand lawsuit loans before they take one out. These clients leave happier because they did not run into any surprises in the lending process. That’s why we are available 24/7 to assist current and future borrowers when they need help. And that’s why we publish pertinent information on our website. One of the most common and important questions that we field has to do with the nature of lawsuit loans. Many people wonder, Is legal funding a loan? Why or why not? The answer to this question is yes, but with a caveat. Yes, lawsuit loans are loans, but they differ from traditional loans in one key area: collateral. Our team put together this informative blog to help explain this answer further. Please continue reading if you’d like to gain an understanding of what some consider the crucial component of lawsuit funding. How Does Legal Finance Work? There are quite a few different monikers for lawsuit loans. Legal financing, pre-settlement funding, and lawsuit funding are all acceptable ways of describing lawsuit loans and the industry surrounding them.  As noted earlier, legal funding is by all definitions, a type of loan. One party borrows money from another with the intention of paying them back. If the money isn’t paid back, the borrower defaults. But then what happens? What happens if a borrower defaults? How can the lender recover their money? This is where lawsuit loans differentiate themselves from traditional loans. A traditional loan is what we call a “recourse loan.” If a borrower defaults, the lender can seek repayment (recourse) through any of the borrower’s assets—including their bank account, their house, investments, etc. In other words, the collateral for the loan includes the entirety of a borrower's assets.  Conversely, a lawsuit loan is what we call a “non-recourse loan.” In the event of a default, the lender can only seek repayment through a specific item that was put up for collateral. The lender cannot touch any of the borrower’s other assets. Lenders and borrowers can put up any sort of collateral they want to secure their loan. A lawsuit loan is a specific type of non-recourse loan where the collateral is only the future settlement of a legal claim. Therefore, if you default on your lawsuit loan by failing to settle the case out of court or losing at trial—you don’t owe Ally Lawsuit Loans a single penny. That’s the main difference between a lawsuit loan and most other loans. Explore Your Legal Financing Options with Ally Today Get in touch with us at Ally Lawsuit Loans and let’s see what we can do for you. We know that lawsuits are difficult to plan for financially, so you need some flexibility. Our lawsuit loans can give you just that. Backed by our three-point guarantee, our legal lending services are unmatched. We guarantee: The lowest interest rate in the industry;Approval of your loan application in less than 24 hours; andYou pay us nothing if you don’t win or settle your case. That’s our three-point guarantee. By abiding by this guarantee, we ensure that you have the financial flexibility you need during this difficult time. Apply for legal funding with Ally Lawsuit Loans today!

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Zofran Lawsuit—Pre-settlement Loans

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In recent years, GlaxoSmithKline has found itself in legal defense over one of its more popular pharmaceutical drugs. To date, more than 400 women have come forward to sue GlaxoSmithKline over its pharmaceutical drug, Zofran.  Zofran, the most widely used anti-nausea medication prescribed to pregnant women, has cost countless individuals untold damage. As it turns out, the morning sickness drug was linked to an increased risk in birth defects in unborn children.  As we do with any drug that is taken by pregnant women, we expect that manufacturers and marketers of the product would be as diligent as possible in understanding how the drug in question affects both an unborn child and their mother. We don’t just do this with prescription medications either. We have the same expectation when it comes to anything that a pregnant woman ingests. So we would expect that the manufacturer of a popular morning medication treatment would go to great lengths to ensure the safety of their product for unborn children, right? Unfortunately, that isn’t always the case. The Zofran Lawsuits: What’s Happening? Recent studies have shown a link between higher rates of birth defects and the use of Zofran. That’s what more than 400 women have come forward to sue GlaxoSmithKline over. If you were similarly affected by Zofran, that’s what you should do too. Of course, if you are already on this webpage, you probably know about the Zofran lawsuits already. If you are in the process of filing one, you won’t want to miss out on Zofran settlement funding from Ally Lawsuit Loans while your case works itself through the legal claim’s process. Zofran Lawsuit Payouts: How Can They Help Me with Medical Payments? Essentially, a lawsuit loan from Ally can give you financial flexibility now. Let’s face it. Pregnancies are expensive and can easily strain a household’s finances. You may only receive part of your normal income while you are on maternity leave, and your spouse may have to do the same. Add to that the costs of having a baby, and you can easily find yourself in a position of financial instability. That’s without even taking into account the additional costs that inevitably arise when your infant needs special care. This is the case, in particular when your baby is born with a medical condition. Powerful parties, like prescription drug manufacturers, often assume that individual litigants in liability cases are in a financial pinch. Knowing this, they try to weaponize the financial distress by trying to coerce people into accepting low ball settlement offers. The settlement offers don’t cover the entirety of the litigant’s expenses, but the powerful party hopes that they will accept the low ball settlement out of financial necessity. After all, those medical bills are due when they are due, and interest adds up quickly. You Don’t Have to Accept Low Ball Offers With a lawsuit loan in your pocket from Ally, you can reject the low ball settlement offers you receive. Then, you can fight for the full Zofran lawsuit payouts you deserve. In other words: pay the bills you need to pay now, avoid high-interest rates, and pay us back when you win or settle your Zofran birth defects lawsuit. Legal funding is similar to other types of loans, but with a much lower risk profile. With most loans, in the event of a default, your lender can seize any property they need to cover the debt. This is what is known as “recourse funding.” The same is not true for lawsuit settlement loans. Lawsuit settlement loans, also known as pre-settlement loans or funding, are a form of non-recourse loan. When you take out a non-recourse loan, you put up a specific item or items for collateral. Your lender can seize only those assets or items in the event of a default. With a lawsuit loan, the collateral you put up is nothing other than the eventual settlement of your claim. Whether you win the case in court or settle out of court, your Zofran lawsuit payout is the only item of collateral your lender can seek repayment through. The practical implications of non-recourse loans in the settlement loans industry is huge for consumers. Why? Because if you do not win or settle out of court, you don’t owe a penny. That’s right: if you lose your case, you keep the loan, no strings attached. How Do I Qualify for Zofran Settlement Funding? Qualifying for pre-settlement funding for your Zofran birth defect lawsuit is a quick and easy process. All you have to do is fill out our website's easy application. We ask for your personal information and your attorney’s information: no credit check, no employment check, and no income verification. After you fill out the application, we get in touch with your attorney to learn a bit more about your case and to verify the information. If you have an attorney and you are filing a Zofran lawsuit, you meet the general requirements for a Zofran settlement loan. Best of all, you can qualify for your loan in just 24 hours or less! Don’t Let Those Medical Bills Pile Up Don’t let your medical bills rack up copious amounts of interest. Instead, take control of your financial stability and protect more of your Zofran lawsuit payout with pre-settlement funding from Ally Lawsuit Loans. Our loans are all backed by our unique, three-part guarantee: The lowest rates in the industry; Application turnover in less than 24 hours; andNever pay us back a cent if you lose your case. With our guarantee backing your settlement funding, you don’t have to worry about finding a better rate elsewhere. We have you covered and will beat any quote from our competitors. You don’t have to worry about the loan being risky because you pay us nothing if you lose. Finally, you don’t have to wait to take back your financial stability. Our 24-hour application turnaround time ensures that our clients get the help they need in a timely manner. […]

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