Motorcycle accidents tend to involve severe to catastrophic injuries.
This fact comes as no surprise, given that motorcycles are less crashworthy than vehicles.
Because of the potential financial exposure, insurance adjusters will look for any possible way to reduce their potential payout.
That can mean your motorcycle accident lawsuit ends up taking months or even years to resolve. In the meantime, you have bills and mounting expenses you need to cover.
To alleviate the stress and help reduce your financial burden, consider a motorcycle accident settlement lawsuit loan.
According to recent statistics from the National Highway Traffic Safety Administration (NHTSA), motorcycle riders are 27 times more likely than passenger vehicle occupants to die in a crash per vehicle miles traveled.
If you are struggling with finances while waiting for a motorcycle accident settlement, Ally Lawsuit Loans can help.
We offer the guaranteed lowest rate pre-settlement motorcycle accident loans to plaintiffs.
Our helpful team understands how frustrating and lengthy the settlement process is for motorcycle injury lawsuits. We know your bill collectors aren’t going to wait for the defendant’s insurance company to resolve your claim.
We can provide you with an affordable cash advance that will help ease your stress and financial burden until your claim is finalized.
How Motorcycle Accident Settlement Loans Can Help You Out
Perhaps the most powerful way that motorcycle accident cash advances can help you out is by redistributing the leverage in your settlement process.
Insurance companies often use the fact that they have greater resources than most individual plaintiffs as leverage.
They know that you have bills that you need to pay, so they offer you a lowball settlement offer. Their bet is that you need money now, so you will settle for less than your claim is worth.
However, with a motorcycle accident settlement loan in your pocket, insurance companies don’t have this option.
You can pay your bills immediately and hold out for a settlement that covers the entirety of the damages you suffered.
Thus, the balance of leverage in the settlement process is restored.
How Do I Qualify for a Motorcycle Accident Settlement Lawsuit Loan?
When considering an application for a motorcycle accident loan, we look at a number of factors.
Each of the factors noted below can affect not only the approval of your motorcycle accident lawsuit loan but also its size.
Do You Have an Attorney?
This is the most important factor we look at. For approval of your motorcycle lawsuit loan, it is critical that you have an attorney representing you in an accident claim.
Without an active accident claim, there is nothing to secure the loan.
Did You Suffer Damages?
The amount that you can borrow in your motorcycle accident settlement loan depends greatly on how much calculable damages you suffered.
Your lawyer will help us determine the likely size of your settlement, so we can calculate how much to make available to you.
To get an idea of how much you can get in your lawsuit loan, discuss the size of your settlement with your lawyer.
Otherwise, you can add up the entirety of all the damages you suffered yourself by tallying up any related receipts.
How Strong Is Your Case?
We will also discuss the strength of your case with your attorney to help us determine how much to loan you.
Because the repayment of your loan depends entirely on your case succeeding or settling, we need to know that your case is likely to end successfully to provide the right amount in your loan.
If your case isn’t likely to succeed or settle, the existing collateral may not be enough to secure the entirety of the loan.
What Isn’t a Factor?
A lot of things that are a factor in determining your eligibility for a traditional loan are not applicable in applying with Ally Lawsuit Loans.
Some of the things that will not affect your eligibility for a motorcycle accident settlement loan include:
- Your credit score,
- Your employment history,
- Your rental history,
- Any criminal or driving record, or
- Your income level.
None of the aforementioned factors will affect your eligibility to apply with Ally Lawsuit Loans.
We want to make sure that anyone can afford to take advantage of our loans because everyone should be able to fight their case to the end.
How to Apply for a Motorcycle Accident Loan
At Ally Lawsuit Loans, the application process is straightforward and quick.
In most cases, we can approve your application within 24 hours, and you’ll have your cash within 24 hours of approval.
The application is free, and there is no background check or credit check required.
Start by submitting your information using our online loan application form, or contact us by phone.
We need to understand your accident circumstances and whether your case is a good fit for a lawsuit loan.
We need to speak with your motorcycle accident attorney. Your attorney can explain the details of your lawsuit.
We need to know their opinion on the potential outcome and decide whether your case is low risk enough for a motorcycle accident loan.
Once this information is complete, we will make a decision. If we approve your application, you will have your cash advance within 24 hours.
We can transfer it to your bank, mail a check, or even Western Union the money.
Let Ally Lawsuit Loans Help You Cover Your Immediate Expenses
Motorcycle accident lawsuits typically take a long time to resolve.
Even in the early stages of your case, you may be frustrated with how long the process is taking.
Apply today for a pre-settlement motorcycle accident loan, and you could have the cash to cover your mortgage, medical bills, utilities, groceries, and more in a day or two.
Ally Lawsuit Loans offers the lowest rate motorcycle accident loans guaranteed.
There is no risk in applying either, as you won’t have to pay back the loan if you lose your case.
Our loan specialists are available to answer all your questions 24/7.
Contact us today, and let us help get you the financial assistance you need now.