Understanding Lawsuit Funding Companies

lawsuit funding companies

Following a major accident, injured victims are often left dealing with stacks of medical bills and missed paychecks.

These costs can be enormous — according to data provided by HealthCare.org, the average cost of a three-day hospital stay is approximately $30,000.

Through a lawsuit, plaintiffs can recover financial compensation for their damages. Unfortunately, even if you have a very strong case, the legal claims process can be frustratingly slow.

This is where a lawsuit funding company can make a difference. At Ally Lawsuit Loans, we pride ourselves on offering clients the best pre-settlement funding services.

Our team wants to make sure that plaintiffs have all of the information that they need to best protect their financial interests.

Here, we provide an overview of lawsuit lending companies.

Lawsuit Funding Companies: Explained

With lawsuit funding, plaintiffs “borrow” against a future legal settlement or legal judgment. While this type of funding is frequently referred to by the shorthand “lawsuit loan”, that term is actually a bit of a misnomer.

Technically, lawsuit funding companies do not offer loans at all.

Quite the contrary, lawsuit funding companies buy a portion of your future settlement in exchange for an immediate cash advance.

It is important to distinguish this type of financing arrangement from a loan.

A lawsuit funding company can only be paid through a portion of your settlement. If you lose your case, then you get to keep the proceeds of the ‘loan’, and you do not owe anything at all.

If you win your case, then the legal funding company will be repaid out of part of your settlement.

Settlement loan companies offer plaintiffs a chance to get immediate financial stability and security. In many cases, plaintiffs have a strong legal case, but insurance companies, knowing that they need the money to pay their bills now, will try to drag out the process to get them to agree to a quick, lowball settlement offer.

With legal funding, you can give your attorney time to pursue the maximum financial compensation, while also having access to the money that you need to cover your expenses today.

Three Qualities to Look For in a Lawsuit Funding Company

  1. Affordability  

As a starting point, it is crucial that you find a lawsuit funding company that offers fair rates. At Ally Lawsuit Loans, we provide plaintiffs with access to the lowest-rate-legal funding — guaranteed.

We want to make sure that as much money as possible stays in your pocket. We strongly encourage our clients to take only what they need to pay their bills until their case is settled. Affordable legal funding is our mission.

  • Transparency

Unfortunately, there are some unscrupulous lawsuit loan companies operating in the industry. It is not unheard for firms to provide funding that comes with hidden fees or disguised terms.

When looking for the right lawsuit lending company, make sure you find one that is fully transparent. Your terms should be clear, concise, and well-explained. 

  • Reliability

Finally, plaintiffs should always look for a reliable lawsuit lending company.

The entire point of a lawsuit loan is to get funding now. Look for a company that can help you navigate the application process and handle your documents in an efficient manner — this way, you will be able to get the full funding that you need to pay your bills, without any undue delay.

What Types of Cases are Most Common for Legal Funding Companies

Lawsuit lending companies can handle a wide range of different cases.

Generally, our team provides funding to plaintiffs who have suffered financial damages and are awaiting a settlement or jury verdict.

Specifically, some of the cases that lawsuit loan companies frequently handle include the following:

  • Car accident claims;
  • Truck accident lawsuits;
  • Motorcycle accidents;
  • Bicycle accidents;
  • Pedestrian collisions;
  • Product liability claims;
  • Medical malpractice claims;
  • Slip and fall accidents;
  • Premises liability claims;
  • General personal injury lawsuits; and
  • Employment & labor law claims. 

We also provide lawsuit funding for workers’ compensation claims in nearly two dozen states across the country.

However, due to state-specific regulations, legal funding cannot be offered for workers’ comp claim in some U.S. states.

If you were injured at work and are interested in obtaining lawsuit funding, please check our list of states in which pre-settlement workers’ compensation loans are offered.

Get Help From a Lawsuit Funding Company Today

At Ally Lawsuit Loans, we are a professional lawsuit funding company that is committed to offering plaintiffs the lowest rates in the industry. Do you need a pre-settlement cash advance?

Apply for lawsuit funding and qualify within as little as 24 hours.

If you have any specific questions or concerns about lawsuit loans, please do not hesitate to reach out to our legal funding specialists today. We are more than happy to help.

Lawsuit Loans in Houston, TX

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The Texas Department of State Health Services reports that Texans collectively make millions of emergency room visits each year. As anyone who is familiar with healthcare costs knows well, a serious accident can leave an injured victim with stacks of medical bills along with many other expenses. Through a personal injury claim, much needed financial compensation may be available.   Of course, the legal process often moves slowly — sometimes frustratingly so. Waiting for a settlement could put serious financial strain on your family. Lawsuit loans offer an answer. At Ally Lawsuit Loans, we offer the lowest rate pre-settlement lawsuit loans in Houston, TX. If you need a lawsuit cash advance in Houston, contact us for immediate assistance.  What is a Lawsuit Loan and How Does it Work? A Cash Advance on the Expected Value on Your Lawsuit A lawsuit loan is not technically a loan at all — it is a non recourse cash advance that is supported solely by the future value of a legal case. In other words, in obtaining a lawsuit loan, you are trading part of your settlement or trial verdict in exchange for cash today. If you lose your case, you are not obligated to repay anything.  Eligibility is Based on Your Case — Not Your Credit History  Whether or not you are eligible for a lawsuit loan in Houston will be based on the strength and projected value of your lawsuit. This is why a lawsuit cash advance cannot be processed until the lending company gets important documents from your attorney. Eligibility does not depend on your financial background or your credit history.   Make Sure You Find the Lowest Available Rates Lawsuit loans do not come with monthly payments. Further, should you lose your case, you are not required to pay back the proceeds. There is no risk. Of course, that does not mean that costs are irrelevant. You should always look for a Houston lawsuit lending company that offers the lowest rates. Beyond that, we recommend that you only take out what you need to support yourself and your family. If you are approved for a higher amount, you do not need to accept all of it — you can always come back for a second lawsuit loan should your case take even longer than expected.  Pre-Settlement Lawsuit Loans We Offer in Houston, TX At Ally Lawsuit Loans, we fund a wide range of different types of legal cases. If you are expecting to recover financial compensation through a legal settlement or through a lawsuit, you may be qualified for an immediate cash advance. Some of the specific types of cases that we frequently offer lawsuit loans for in Houston, TX include:   Personal injury lawsuit loans;Car accident lawsuit loans; Premises liability lawsuits; Medical malpractice lawsuits;Product liability claims; Defective medical device claims; andEmployment law claims, including wrongful termination lawsuits.  If you have questions or concerns about whether or not you are eligible to get a cash advance for your Texas lawsuit, we encourage to give us a call right away. Our Houston, TX legal funding specialists will be more than happy to review your case and help you understand your options for a lawsuit loan.    Why Choose Ally Lawsuit Loans for Pre-Settlement Funding in Houston, TX Are you applying for a lawsuit cash advance in Houston, TX? Work with the region’s preferred lawsuit lending company. At Ally Lawsuit Loans, we are dedicated to providing plaintiffs (our clients) with the best services in the industry. Specifically, our Houston, TX pre-settlement funding specialists will:  Get you access to the lowest rate lawsuit loans in Houston — guaranteed;Process your application efficiently, with approval taking as little as 24 hours; andProvide complete fairness and transparency — with no confusing terms or hidden fees.  Finally, we believe in treating our client right. Our customer support team will make sure that you understand exactly what is happening during every step of the application process. If you have questions about lawsuit funding in Southeast Texas, we are always here to provide reliable support.  Apply for a Lawsuit Loan in Houston, Texas  At Ally Lawsuit Loans, we are committed to providing the lowest interest rate lawsuit loans and pre-settlement funding to clients. If you need immediate funding to support you while your legal claim is still pending, we are here to help. Contact us today to apply for a lawsuit loan. We serve plaintiffs in Houston and throughout the surrounding communities, including in Harris County, Galveston County, Montgomery County, Liberty County, Fort Bend County, and Chambers County. 

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Slip and Fall Pre-Settlement Funding

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Slip and falls are among the most common types of accidents reported in the United States. Indeed, the National Floor Safety Institute (NFSI)published findings indicating that more than one million Americans seek emergency medical attention for slip and fall accident injuries each year.  If you were injured in a slip and fall accident that happened because of the negligence of a business or a property owner, you may be entitled to recover financial compensation through a lawsuit. Unfortunately, even if you have a winning case, it can take quite a long time to get a slip and fall accident settlement.  At Ally Lawsuit Loans, we provide plaintiffs with the lowest cost slip and fall pre settlement funding. If your bills are starting to pile up while you are awaiting a slip and fall accident settlement, there are options available. Please contact our team to learn more about your eligibility for immediate funding.  Why Work With Ally Lawsuit Loans for Slip and Fall Funding Pre-settlement slip and fall funding — also sometimes called a ‘slip and fall lawsuit loan’ — is not technically a loan at all. Like other types of pre-settlement personal injury funding, it is non recourse funding. That means that there are no associated monthly payments and that you only have to repay the ‘loan’ if you receive a settlement or a verdict. If your slip and fall accident case is not successful, you keep the money and have no further obligations. The legal funding company accepts the risks.  While pre-settlement funding offers immediate access to financial support, it is crucial that you choose the right lawsuit lending company. Sadly, there are firms out there that charge exorbitant interest rates or attach hidden fees to cash advances. Our company is different. At Ally Lawsuit Loans, we are proud to be the most trusted lending funding company. Among other things, our team:  Offers plaintiffs the lowest interest rates in the industry — 100 percent guaranteed;Commits to using fair and transparent application process; Provides all clients with attentive and fully personalized customer support services; Can issue pre-settlement slip and fall funding in as little as 24 hours; andGuarantees that you repay $0 if your case does not settle or you lose.  We know that lawsuit loans are complicated. You may have questions about your eligibility, the application process, how much you should take out, or other related issues. Our slip and fall lending specialists are standing by, ready to get you the information and answers that you deserve. Get the cash that you need without all of the hassle.  Apply for Slip and Fall Lawsuit Funding Today At Ally Lawsuit Loans, our lawsuit funding specialists are committed to providing the lowest rate pre-settlement cash advances in the entire industry. If you need money for your slip and fall accident lawsuit, we are available to help. To apply for a personal injury lawsuit loan, please do not hesitate to contact our customer support team today. 

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Can I Borrow Money for My Lawsuit?

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Even if you have a strong and well-supported legal claim, it can take a significant amount of time to recover full and fair financial compensation through a lawsuit. As described by the American Bar Association (ABA), the typical tort claim — such as a personal injury lawsuit — will take somewhere between three months and twenty-four months to reach a resolution.  This raises a potential problem for plaintiffs: What do you do if you need money right now? One option available is that you can borrow money from your settlement. There are, of course, pros and cons to getting a loan against a lawsuit. Still, for many people, lawsuit funding is the most cost effective way to get bills paid now.  How Does Lawsuit Borrowing Work? If you are getting money for lawsuit or a loan against lawsuit, you are technically getting something called a ‘non recourse cash advance’. Although the term ‘loan’ is often used in the industry, lawsuit funding is not technically a loan at all.  Instead, plaintiffs “sell” a portion of the value of their case in exchange for immediate cash. This means that your eligibility to borrow against your lawsuit is based on the strength and value of that lawsuit. The higher your settlement is expected to be, the more cash you will likely be able to access today. With lawsuit borrowing, there are no credit checks and there is no income verification.  Approval may take as little as a single day. That being said, a lawsuit lending company will need some basic information from your attorney before it can proceed in reviewing your application for a settlement advance.  No Monthly Payments — You Only Pay if You Recover Financial Compensation When you are looking for the right lawsuit lending company, two of the most questions you need to ask are as follows:  Are there monthly payments? Do I have to repay anything if I lose my case? The answer to both questions should be ‘no’. Lawsuit funding is non-recourse funding. That being said, there should be no monthly payments and you should only be required to pay if you get a settlement or trial verdict.  Though there are no monthly payments, it is still important to consider your case. Make sure you find the lowest rate lawsuit funding. When your case is finally resolved, you will want to pay back as little as possible. Sadly, some lawsuit lending companies charge clients sky-high interest rates. There are better options available — Ally Lawsuit Loans guarantees the lowest rates in the entire industry.  Apply for Lawsuit Funding Today At Ally Lawsuit Loans, we are proud to provide the lowest cost pre-settlement lawsuit funding to plaintiffs across the country. If you are interested in borrowing money for your lawsuit, please do not hesitate to submit your application today. Our customer support team is here to answer any questions that you might have and to walk you through all aspects of the application process. 

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