If someone has wronged you, filing a lawsuit might be the only way to recover your financial losses and receive compensation for your pain.
Unfortunately, lawsuits don’t bring instant relief.
To properly litigate or settle a legal issue, you have to wait at least several months; sometimes, personal injury actions drag on for years.
But what if you’re in Nashville, Tennessee, and can’t afford to wait so long to recover your financial losses? Lawsuit loans in Nashville, TN, can be the answer.
Ally Lawsuit Loans can make applying for a lawsuit loan easy, quick, and cost-effective.
What Is a Lawsuit Loan?
A lawsuit loan is a cash advance from a lender on the settlement funds you expect to receive from your legal complaint.
If you win your case, you pay your lender back with a portion of your settlement money.
This is not a “loan” in the traditional sense because it’s a “non-recourse” advance.
“Non-recourse” means that your lender can recover only the money they advanced to you from your settlement payout.
A lawsuit loan lender doesn’t recover your advance from your home or other personal assets. If you don’t win or settle your case, you owe your lender nothing.
A lawsuit loan is not a true loan, our industry just uses the word “loan” because it’s easier for consumers to understand.
Why Apply for a Lawsuit Loan?
Lawsuits can be a great way to recover your losses, but they’re typically time-consuming and expensive on the front end.
Lawsuits take a significant amount of time to resolve because you need to investigate the facts, argue the facts, and wait on a court decision or settlement.
In the 2020-2021 fiscal year, plaintiffs filed more than 25,000 civil cases in Tennessee and entered more than 25,000 legal settlements.
This means that many plaintiffs could be ahead of you in line, waiting for a court to hear their cases.
While you wait for a resolution, you’ll likely have to pay for:
- Related medical bills,
- Property repair and replacement costs (to mitigate your damages and preserve your rights),
- Attorney fees,
- Court fees, and
- Regular bills.
Covering these expenses can be difficult in the midst of a lawsuit, especially if the defendant’s actions have limited your ability to earn wages.
The hurdles of time and money shouldn’t stop you from fighting for your legal rights.
A lawsuit loan can put settlement money in your pocket before your case is over so that you can keep up with your financial obligations.
How Do I Get Approved for a Lawsuit Loan?
You might be asking, If I’m not putting up collateral other than settlement funds, how do I get approved for loans from a lawsuit settlement in Nashville, Tennessee?
At Ally Lawsuit Loans, we decide your eligibility for a loan based on the strength of your legal case.
First, we speak to you about the nature of your case. Then, we talk to your attorney in-depth about the facts of your case.
After discussing your case, we can help you get the lowest rates possible for a loan. It’s important to speak to your attorney about a lawsuit loan before applying.
You also need to make sure you’re following any applicable state laws when requesting a loan.
Let Us Be Your Ally in a Legal Dispute
It's good to have advocates and allies when you’re involved in legal action. Ally Lawsuit Loans can be the ally that brings you financial relief in a difficult time.
At Ally Lawsuit Loans, we can help you get lawsuit loans in Nashville, TN at the lowest rates possible. We can also approve you for a loan and pay you as quickly as 24 hours.
You don’t have to make costly monthly payments to us for a loan, and our lawsuit loans don’t affect your real property or personal property.
We recover our advance only from your settlement payout. If you don’t win your case, you don’t have to pay us back.