You are likely working with an attorney to file a lawsuit if someone else caused you to sustain injuries in an accident. With personal injury lawsuits come challenges, including financial uncertainty. If you find yourself struggling financially amid a personal injury lawsuit, you should consider applying for a Michigan lawsuit loan.
Michigan Car Accident Statistics
Fatal car crashes in Michigan are decreasing; the Michigan State Patrol reported less than 1,000 car accident fatalities in both 2018 and 2017. However, in 2018, there were 312,798 total car crashes in Michigan, resulting in 75,838 injured individuals. Further, 60% of these crashes involved more than one vehicle.
When multiple people are involved in an accident, it can take some time to prove an at-fault party through a lawsuit. Meanwhile, victims might incur medical expenses and be unable to work due to their injuries. This makes paying monthly bills difficult. Ally Lawsuit Loans is ready to help should you find yourself in this position because we can approve a pre-lawsuit loan in as little as 24 hours.
Legal Funding Cheat Sheet
The loans offered by Ally Lawsuit Loans are actually not loans at all. They are non-recourse cash advances, meaning that you don’t pay us back unless you win your lawsuit. For this reason, your eligibility for a Michigan lawsuit loan depends entirely on merit. We don’t do a credit check, but instead, analyze your case details provided by you and your attorney.
Lawsuit Laws and Regulations in Michigan
If you were injured in a car accident, remember that Michigan operates under a modified comparative fault system. Under this system, the percentage that one is at fault is considered in personal injury lawsuits. As long as the injured plaintiff is at less than 50% fault in the accident, they can collect damages from the at-fault parties.
It is essential to discuss your responsibility in your accident with your attorney before applying for a pre-settlement loan, as this can determine your eligibility for a loan.
Minimum insurance policy limits are also worth discussing with your attorney. In Michigan, the minimum insurance policy limits include:
- $20,000 in bodily injury liability per person;
- $40,000 in bodily injury liability per accident;
- $10,000 in property damage liability per accident; and
- $1 million in property protection.
The statute of limitations on personal injury claims in Michigan is three years, meaning that you typically must file a lawsuit within three years of the accident. However, when an injury is not diagnosed until later and can undeniably be attributed to the accident, the filing period may begin on your diagnosis date.
How to Get Qualified
The Michigan lawsuit loan application process at Ally Lawsuit Loans is straightforward and transparent.
- Begin the process by filling out the application on our website and providing us with some basic information about your lawsuit and your attorney’s contact details;
- We then contact your attorney to discuss your case in greater detail; and
- We will determine your eligibility for a loan in as little as 24 hours, and we will send you your money. We can send you a check, deposit the money via a wire transfer, or even use Western Union.
Contact us to get started on your application.
Why Choose Ally Lawsuit Loans?
Filing a lawsuit is difficult enough without the burden of financial stress. Ally Lawsuit Loans takes the complications out of legal funding by providing non-recourse cash advances for personal injury lawsuits in Michigan.
You can be approved for a loan in as little as 24 hours, and you are free to use the money however best suits you. Once you receive your settlement, Ally Lawsuit Loans will take a percentage of the cash to repay your loan. Our interest rates vary based on your case details, but we can guarantee that the rate will be the lowest in the industry.
The bottom line: we provide financial security when you need it most. Contact our customer service experts to discuss your case and start your lawsuit loan application today.