Pending Lawsuit Loans: 6 Critical Facts for Plaintiffs

If you're considering getting a pending lawsuit loan, you're not alone. Every day we provide cash advances on pending lawsuit settlements to plaintiffs across the county. As with any financial decision, it's important that you get all the facts before making the decision to seek pre-settlement funding. Below you'll find 6 important facts to help you make an informed decision.

Pending Lawsuit Loans

Because civil lawsuits like personal injury or employment law claims lawsuits can take months or even years to resolve, plaintiffs often face financial hardships, especially if a claim-related injury prevents them from working.

If you are in this situation, getting a cash advance against your pending lawsuit could help. Settlement loans help plaintiffs regain financial independence while they wait for a settlement. 

Pending lawsuit loans can even help you get a higher eventual settlement by taking the pressure off of your attorney to settle your case faster for a lower value.

Any reputable lawsuit loan company ought to be fully transparent about the application process and the overall cost of a cash advance on a pending lawsuit. Here are 6 important facts about pending lawsuit loans that you ought to know before you apply.

📊 #1: Pending Lawsuit Loans Are 10-20% of Your Case Value

Typically, most lenders disburse a cash advance on a pending lawsuit equal to 10-20% of the settlement value.

They determine this amount based on the severity of your injuries, the length of your case, and your own estimate.

To get the best estimate, discuss the value of your potential settlement with your attorney before applying for a pending lawsuit loan.

📈 #2: Lenders Put High-Interest Rates on Pending Lawsuit Loans

There are sharks in the lawsuit loan industry who charge upwards of 200% interest.

Don’t select a lender that charges more than 1-3% monthly or 12-36% annually.

Only take out a cash advance for a pending lawsuit that covers basic living expenses and necessities. 

💰 #3: Pending Lawsuit Loan Brokers Have Expensive Service Fees

Always avoid working with brokers that deal with direct loan companies.

These brokers usually add 15-20% to the cost of your pending lawsuit loan.

They also send your case information to dozens of companies who may call your attorney without your consent. This unnecessarily diverts your attorney’s attention from your case.

📄 #4: Lenders Cannot Disburse Pending Lawsuit Loans Until They Review Case Documents from Your Attorney

Make sure you collect the following case documents from your attorney prior to applying for a pending lawsuit loan:

  • Medical reports;
  • Police reports;
  • A copy of your complaint; and
  • Your demand letter.

Most lenders request this information from your attorney when reviewing your application.

To save time waiting for your cash advance on a pending lawsuit, prepare these documents before you apply for a pending lawsuit loan.

💬 #5: Your Attorney Will Respond to Lenders Faster If You Talk to Your Them Before Applying

Always give your attorney a heads-up before applying for a pending lawsuit loan.

This helps them prepare documents requested by the lender. Since lenders cannot disburse your cash advance until they review your case, you should keep your attorney and your lender in sync.

Related: Lawsuit Loans Without an Attorney

⏱ #6: Getting a Cash Advance on Your Pending Lawsuit Could Buy Your Attorney Time to Reach a More Favorable Settlement

Our clients frequently tell us that because they were able to get immediate cash against their lawsuit, their attorney actually was able to achieve a higher settlement than they would have in the absence of the lawsuit loan.

In most civil claims, the defendant (normally an insurance company) wants the plaintiff to settle quickly. This is because a fast settlement typically means that they expend less resources, and get away with a lower settlement.

If financial stress is causing your attorney to consider taking a lower settlement offer for your case, a pre-settlement cash advance may be the perfect solution to buy them time to keep applying pressure, and ultimately achieve a higher payout.

Contact Ally Lawsuit Loans to Apply for a Pending Lawsuit Loan Today

If you need a cash advance on a pending lawsuit to help with bills or living expenses, contact Ally Lawsuit Loans. We have the lowest interest rates in the industry and review applications within 24 hours.

In addition, we work on a contingency fee basis, which means you repay nothing if you lose your case.

To apply for a risk-free, low-interest rate pending lawsuit loan, call us today at 844-545-6246 or apply now.

Florida Pre-Settlement Loans

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A majority of people who suffer a personal injury in Florida need financial help during recovery. Unfortunately, long legal battles usually cause financial strife for plaintiffs and their families, making it difficult to afford basic expenses like rent, food, and more.  At Ally Lawsuit Loans, we understand how much plaintiffs struggle while pursuing a personal injury claim. That’s why we offer lawsuit loans in Florida to victims of personal injuries due to the negligence of another. Laws Regarding Lawsuit Loans in Florida In Florida, there are a few rules and regulations for lawsuit loans. To get lawsuit funding in Florida, you must have a workplace accident claim, suffered injuries due to the accident, and either live in Florida or have a pending case in the state. In addition, you cannot apply for lawsuit funding in Florida if you previously applied for funding elsewhere for the same case. There are also a few other laws that affect your ability to file a personal injury claim. Fault Laws in Florida Florida operates as a no-fault state with pure comparative fault. This means that if the plaintiff shares any fault in the accident causing their injuries, their entitled compensation decreases.However, this also means that any responsible party must pay up to a certain amount depending on their percentage of fault. Usually, the judge or jury determines the percentage of fault for each involved party. If more than one party is at fault for the plaintiff’s injuries, the plaintiff may file a lawsuit against all of them. Currently, Florida doesn’t have a cap on economic or non-economic damages for personal injury claims. The state, however, does have a cap for punitive damages, which is limited to three times the amount of compensatory damages. Florida’s Statute of Limitations In Florida, the statute of limitations for personal injury claims is four years from the date of the accident. If you try to file a case after the statute of limitations expires, chances are the court may refuse to hear your case. How to Qualify for Lawsuit Funding in Florida To apply for lawsuit funding in Florida, all we need is your name, phone number, case type, and contact information for your attorney.  Once you fill out our short application form, we handle the rest. We work directly with your attorney to determine the strength of your case and don’t require your credit history of income verification. If approved, we send you a cash advance within 24 hours. Why Choose Ally Lawsuit Loans If you suffer any injuries in an accident in Florida, consider applying for pre-settlement funding from Ally Lawsuit Loans. We offer the lowest rates in the lawsuit funding industry and our loans are risk-free. That means you pay us nothing unless you reach a settlement or win your case. To receive a free case evaluation or to learn more about lawsuit loans in Florida, give our team a call today at 844-572-2966. Once we approve your application, we send you cash within 24 hours.

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Car Accident Lawsuit Loans

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Waiting on an auto accident settlement? Learn your options for getting a low-rate, risk free cash advance ('car accident loan') against your pending settlement. Traffic accidents are among the leading causes of serious injuries in the United States. According to data published by the National Highway Traffic Safety Administration (NHTSA), approximately 2 million Americans are injured in motor vehicle accidents each and every year. Through a car accident claim, injured victims may be eligible to recover financial compensation from their insurance company or from another driver’s insurance company. However, even if you have a winning case, it can often take a long time to get a full and fair car accident settlement offer from an insurance company.  At Ally Lawsuit Loans, we offer the lowest rate pre-settlement auto accident loans to plaintiffs. Our team understands that the car accident injury claims process can be long, stressful, and frustrating. Unfortunately, your bills are not going to wait for the insurance company to settle a claim. We provide auto accident victims with an affordable cash advance so that they can relieve anxiety and financial burden while their claim is still pending. To find out more about our services, please do not hesitate to contact our team today. ✅ How Do You Qualify for a Car Accident Loan? All lawsuit lending companies have their own underwriting standards. Though, as a general matter, there are two primary factors that will determine how much you can qualify for in pre-settlement auto accident funding: The severity of your injuries (the potential value of your case); andThe likelihood of proving liability (the chances that you will win your case).  The stronger your legal case and the more serious your injuries, the more likely it is that you will be able to obtain a car accident loan. If you suffered an injury, it is likely that some level of finding will be available. To be clear, your credit score does not matter. At Ally Lawsuit Loans, we offer car accident settlement loans based solely on your personal injury case. 📝 How to Apply for Automobile Accident Loans At Ally Lawsuit Loans, our application process for car accident loans is fast and easy. We approve most applicants within 24 hours. Most importantly, there is no credit or background check required and the application is free. Here’s how to apply: 1. Submit information about your claim to our friendly staff online or by phone. This helps us understand the circumstances of your case and whether a car accident loan is right for you. 2. Put us in contact with your attorney. When we talk to your attorney, we ask about the details of your lawsuit including the potential outcome and determine if we can offer you a car accident cash advance with little risk. 3. Receive approval and cash within 24 hours. If your case is a good fit, we will deliver cash to your bank account within 24 hours of approval. 💲 Accident Settlement Loans Can Help You Cover Your Immediate Expenses If you were injured in a car accident, you may already be frustrated by how long the claims process is taking. It is not uncommon for an insurance company to take months or even years to pay out a car accident injury claim. Of course, your bills are not going to wait for your settlement offer. Pre-settlement auto accident loans are a no-risk way to get your expenses paid right now. Our clients use auto accident loans to cover bills, including: Medical care; Mortgage/rent payments;Ordinary living expenses; and Legal fees. Our team is here to provide you with financial protection when you need it the most. We recommend that you do not take any more money than you need to cover your bills. 💰 Lawsuit Funding Can Help You Win a Larger Settlement Any great personal injury lawyer will tell you that it takes some time to build a strong, compelling legal case. Your lawyer needs to put together all of the relevant evidence necessary to prove liability and to establish the full value of your damages. Rushing the auto accident injury claims process is not a good idea. It is much better to give your lawyer the time that they need to maximize your personal injury settlement offer. In too many cases, injured victims give up their claim too early and agree to an unfair settlement because they have bills that need to get paid immediately. The immediate financial pressures of life can lead to poor decision-making. The big insurance companies know this — and they use time as a negotiating strategy. Settling prematurely could easily take thousands of dollars, or more, out of your pocket. Our car accident settlement loans can give you the breathing room that you need to be patient and let your lawyer do their job — getting you the maximum settlement offer. 👌 No-Risk Accident Loans — You Only Pay If You Win Your Case You may be wondering what happens if your car accident claim is eventually denied. What if you do not win your case? Will you be on the hook for repaying your accident loan? The answer is a resounding ‘no’. At Ally Lawsuit Loans, we offer clients funding through a type of lending arrangement that is known as a ‘non-recourse’ loan. Your car accident loan will be secured entirely by your future settlement — that is it. There is no other legal recourse available to our company. If, for whatever reason, you do not win your personal injury case, you will not have to pay back a dime. We offer 100 percent, risk-free car accident loans. No settlement, no payments. Period. ✔ Why Choose Ally Lawsuit Loans? If you are ready to apply for pre-settlement car accident funding, it is imperative that you look for a reliable firm — you need a lawsuit lending company that provides fair and cost-effective automobile accident loans. At Ally Lawsuit Loans, we are leaders in the industry. Ally Lawsuit Loans is […]

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What Are Ally Lawsuit Loans’ Rates?

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At Ally Lawsuit Loans it is our mission to provide the lowest cost pre-settlement loans in the industry. The truth is, we can't tell you exactly what your settlement loan interest rate will be until we learn the specifics of your case. What we can promise you is that we'll offer you the lowest rate possible, we'll be fully transparent about the cost of your lawsuit loan, and we'll never spring hidden fees or costs on you. The personal injury claims process can be frustratingly slow. While insurance companies can take months or even years to resolve a claim, the bills can start piling up immediately after an accident. Waiting for a lawsuit settlement check can put a serious burden on an injured victim and their family. At Ally Lawsuit Loans we provide immediate funding to help relieve the financial burdens that plaintiffs face as they await a settlement. We offer pre-settlement funding interest rates that are the best in the industry — guaranteed. If you are considering applying for a lawsuit loan you obviously are interested in finding the lawsuit funding company that will provide you with the lowest possible interest rate. We encourage you to use the lawsuit loan calculator below to get a sense of what it cost to get a pre settlement loan with Ally Lawsuit Loans. With that being said, the best way to learn what your interest rate will be is to call us or apply online. Our friendly staff will be happy to answer your questions. Contacting us obligates you to nothing. DISCLAIMER: This calculator uses our average funding interest rate. The total quoted here is not necessarily what you will pay. Our interest rates are based on an assessment of the details of your lawsuit, and so we cannot provide you with your actual rate until we speak with your attorney. Lawsuit Loan Calculator How much money do you need to be advanced? (without commas) How long do you expect before your case settles / is resolved? 6 months 12 months 18 months 24 months 30 months Here's how much you'll owe: Industry Average: With Ally: We Guarantee the Lowest Interest Rate for Lawsuit Loans At Ally Lawsuit Loans, we guarantee the lowest rate settlement funding. 📉 How much will the interest rate be? It depends on the specific nature of your case. It is important to remember that we offer no-risk lawsuit financing. If you do not win your case, then our team will not receive payment. We are able to beat other companies by offering interest rates that vary based on the strength of the underlying legal case. In other words, the better your personal injury case, the lower your interest rate. Unlike some other lawsuit financing companies, we are able to keep our pre-settlement funding rates low and guarantee the lowest rate settlement funding because we do not take on every case. We fund cases with serious injuries and clear liability. 📊 What factors will affect the pre-settlement loan interest rate? Your interest rate will not be affected by your personal credit history. We do not need to verify your income or employment history. Our company offers affordable lawsuit loans with interest rates that are based solely on the likelihood that you will win your case. 💲 Interest Rates Matter — Why You Need to Find the Lowest Rate If you looking for lawsuit funding, you will quickly discover that there is no shortage of companies available. It is essential that you find a trusted legal financing company that can offer reliable and low lawsuit financing rates. Interest rates matter — and you deserve the lowest rate and the best terms. Beware of lawsuit companies that will not tell you what the pre-settlement funding interest rates will be for your specific case. Compound interest can make a huge difference when it comes to calculating the total costs that you will have to pay for funding. As explained by Investopedia, compound interest is an interest that calculates on top of other interests. Over time, compound interest can really add up. Not only does Ally Lawsuit Loans offer the lowest rate settlement funding, but we also use clear and concise terms in our agreements. There are no hidden fees and no unfair financing charges. Get Help From Our Lawsuit Funding Specialists At Ally Lawsuit Loans, we offer the lowest lawsuit loan interest rates — guaranteed. You may be able to qualify for a lawsuit loan in less than 24 hours. If you are considering applying for pre-settlement funding, we are here to help. To find out more about what our lawsuit legal funding specialists can do for you, please call us today at (800) 760-0704 or apply now. Lawsuit Funding Company Reviews - Reviews From Around the Web Fair Rate Funding Cherokee Funding Momentum FundingPeachtree Financial SolutionsThe Legal Funding Group, LLCCase Cash, LLCBuckeye Legal FundingPrime Case FundingOasis Financial

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